News

Tue, 07 Jan 2020 21:01:45 GMT

Trump speaks with Merkel, Putin travels to Syria, Turkey

On Tuesday, the US President Donald Trump had a phone conversation with the German Chancellor Angela Merkel is regarding the situation with Iran, while the Russian President Vladimir Putin paid a visit to Damascus and then flew to Turkey to meet with Erdogan.

Tue, 07 Jan 2020 20:32:29 GMT

Oil prices down almost 1%

Crude oil prices plunged 57 cents or 0.9% on Tuesday, reaching $62.70 a barrel, amid a continuing escalation of the situation in the Middle East between the US and Iran.

Tue, 07 Jan 2020 18:57:01 GMT

Realme seeks to double phone shipments this year

China's Realme shipped 25M smartphones last year, seeking to double its reading to 50M in 2020, the phone maker reported on Tuesday during the launch of the company's first 5G device.

Tue, 07 Jan 2020 17:40:39 GMT

Toyota set to build "future city" prototype in Japan

Toyota Motor Corp is planning to construct the "city of the future" prototype, located at the Japanese Mt. Fuji's base and powered by the hydrogen fuel cells, while functioning as the laboratory for self-driving cars, AI and other technologies.

Tue, 07 Jan 2020 16:55:47 GMT

VW seeks damages from ex-supplier Prevent

Volkswagen is seeking over $112M in damages from its former supplier Prevent, filing its first claim for one of Prevent's subsidiaries, the carmaker announced on Tuesday.

Tue, 07 Jan 2020 15:51:24 GMT

Daimler sued over diesel cheating

Investors are suing Germany's Daimler for $1.0B, accusing the automaker of concealing its emissions-cheating software use, the German law company TILP stated on Tuesday.

Tue, 07 Jan 2020 15:38:34 GMT

Sony to launch self-driving cars test

Sony Corp is set to launch testing its self-driving cars this year to boost the tech giant's safety and sensing technologies, as the Japanese company accelerates the automotive push.

Tue, 07 Jan 2020 14:28:44 GMT

American Airlines agree on settlement with Boeing

American Airlines Group reached a settlement with Boeing Co to address damages incurred by the airline last year amid the Boeing 737 MAX planes' ongoing grounding.

Tue, 07 Jan 2020 12:49:32 GMT

Stocks rise on Tuesday

During Tuesday's European trading hours, global stock indices surged, as the anxiety caused by Middle East tensions decreased.

Tue, 07 Jan 2020 12:19:56 GMT

Musk rolls out Tesla SUV programme in China

Elon Musk has presented Tesla's Model Y electric SUV programme at the carmaker's new $2.0B Shanghai plant on Tuesday, according to Reuters.

Tue, 07 Jan 2020 10:41:38 GMT

Eurozone inflation increases

On Tuesday, Eurozone inflation data was published. The data revealed that in December prices rose by 0.3% on a monthly basis.

Tue, 07 Jan 2020 10:38:43 GMT

GM's China sales drop in 2019 amid weak economy

General Motors Co's China vehicle sales in 2019 fell 15% from 3.09M units year earlier due to a decline in overall auto sales caused by a slowing economy, the carmaker reported on Tuesday.

Tue, 07 Jan 2020 09:26:09 GMT

Uber ties up with Hyundai over electric air taxi

Uber Technologies, the US ride-hailing firm, is partnering South Korea's carmaker Hyundai Motor over developing electric air taxis, participating in the global race of making small self-flying vehicles to weaken urban congestion.

Tue, 07 Jan 2020 07:42:48 GMT

Ford's Q4 sales fall amid passenger cars low demand

Ford Motor reported a 1.3% drop in its Q4 cars sales, as lowering demand for passenger vehicles outweighed the pick-up trucks' higher sales.

Tue, 07 Jan 2020 07:37:08 GMT

Qualcomm unveils autonomous driving computer

On Monday, Qualcomm Inc has launched its computing system for self-driving cars designed to handle lane controls, full autonomous and more, seeking to hit roads by 2023.

Tue, 07 Jan 2020 05:40:31 GMT

Gold reaches seven year high

On Monday, the price of gold reached a seven year high level by shortly fluctuating at the 1,588.00 level.

Tue, 07 Jan 2020 05:31:20 GMT

Dollar recovers against Yen

During Monday's trading, the US Dollar recovered against the Japanese Yen. Namely, the US-Iran tensions caused a run to safety, which reversed on Monday.

Tue, 07 Jan 2020 03:40:04 GMT

Wall Street recovers losses

During late US Monday trading, US stock indices recovered the losses that were suffered in the aftermath of the run to safety that followed the start of US-Iran tensions.

Tue, 07 Jan 2020 03:24:48 GMT

US military withdraws from Iraq

On Monday, the US military sent an official letter to the Iraqi government that stated that the US military would withdraw from Iraq and would reposition its forces during the next weeks.

Mon, 06 Jan 2020 21:06:55 GMT

McConnell calls for patience

The US Senate Majority Leader Mitch McConnell called his fellow colleagues on Monday not rush with Trump criticism until they receive all facts related to the killing of Qassem Soleimani.

Mon, 06 Jan 2020 20:33:58 GMT

US Senate to discuss situation with Iran

According to the US media, senior members of the Trump administration will come to the Senate on Wednesday to brief about the situation with Iraq and Iran.

Mon, 06 Jan 2020 18:44:21 GMT

Samsung Elec to roll out innovative devices on Feb. 11

Samsung Electronics is planning to launch its innovative devices on February 11 in San Francisco, with the electronics group seen to release the new foldable phone, as well as a new version of the company's flagship S model.

Mon, 06 Jan 2020 17:43:39 GMT

France's Carrefour to buy lunch delivery firm Dejbox

Carrefour, the French supermarket group, said it had agreed to acquire the lunch delivery company Dejbox, in its latest effort to bolster the e-commerce operations, but did not disclose the financial terms of the deal.

Mon, 06 Jan 2020 16:41:42 GMT

South Korea's restaurateurs raise concerns about Delivery Hero deal

On Monday, owners of South Korean restaurants have voiced their concerns regarding the proposed $4.0B local rival acquisition by Delivery Hero, the food delivery giant, saying the deal could affect competition and cause higher fees.

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