News

Sat, 10 Aug 2019 01:48:35 GMT

Italy's ruling League Party seeks to trigger elections

Matteo Salvini, the leader of Italy's League Party, has called for a no-confidence vote against Prime Minister Giuseppe Conte, a move that the right-wing party's leader hopes will trigger a snap election.

Fri, 09 Aug 2019 19:51:13 GMT

US producer prices increase moderately in July

The US Labor Department reported on Friday that the US producer prices rose moderately in July. The increase was credited to a rebound in the cost of energy goods.

Fri, 09 Aug 2019 18:55:16 GMT

Italy's ruling League Party seeks to trigger elections

Matteo Salvini, the leader of Italy's League Party, has called for a no-confidence vote against Prime Minister Giuseppe Conte, a move that the right-wing party's leader hopes will trigger a snap election.

Fri, 09 Aug 2019 17:58:47 GMT

Zelenskiy to visit White House

The US President Donald Trump announced on Friday that the Ukrainian President Volodymyr Zelenskiy would visit the White House very soon.

Fri, 09 Aug 2019 16:57:15 GMT

Trump says China and US still pursuing trade agreement

On Friday, the US President Donald Trump said that China and the United States are still negotiating on trade, but not ready to make a deal.

Fri, 09 Aug 2019 16:12:46 GMT

Wall Street's main indexes decline

US stocks depreciated on Friday after making a strong pullback during yesterday's trading session, as traders and investors struggled with the rising trade tensions between the United States and China.

Fri, 09 Aug 2019 15:36:55 GMT

Huawei reveals Harmony operating system on Friday

On Friday, Huawei Technologies has revealed its operating system designed for smartphones due to US restrictions, which were imposed in May, are threatening to trim the Chinese giant's access to the US technologies, including Android.

Fri, 09 Aug 2019 13:38:08 GMT

Canada cuts 24K jobs in July

Canada trimmed 24,2K net jobs in July, caused by a plunge in the retail and wholesale trade, as the country's job market has flatlined for the third month in succession, according to official data seen on Friday.

Fri, 09 Aug 2019 12:35:06 GMT

China's Huawei plans new Brazil plant construction

China's Huawei Technologies is planning to construct an $800M factory in the Brazilian state of Sao Paulo during the following three years, as the telecom giant keeps expanding its footprint in Latin America, the governor said.

Fri, 09 Aug 2019 10:47:24 GMT

Beyond Meat delays plans to enter Japan

The vegan burger maker Beyond Meat has suspended its plans for the Japan push, as the company decided to shift focus to the US market where it had recently raised funding to boost expansion and outrace the emerging faux-meat competitors.

Fri, 09 Aug 2019 09:41:42 GMT

RBA admits beating down Australian Dollar

On Friday, the Governor of the Reserve Bank of Australia announced that the central bank cut interest rates to reduce the value of the Australian Dollar, as a high value of the Aussie would hurt the Australian economy.

Fri, 09 Aug 2019 08:48:45 GMT

Malaysia files criminal charges against Goldman units heads

Malaysia filed charges against 17 former and current directors at the Goldman Sachs Group's subsidiaries in a multi-billion-dollar corruption probe into the state fund 1MDB.

Fri, 09 Aug 2019 07:43:27 GMT

Anadarko shareholders agree on $38B buyout by Occidental

Anadarko Petroleum Corp's shareholders have agreed to sell the group to competitor Occidental Petroleum Corp in a buyout deal worth $38.0B, ending the contest between two oil giants.

Fri, 09 Aug 2019 06:51:51 GMT

Trump appoints national intelligence's acting director

On Thursday, the US President Donald Trump has appointed the National Counterterrorism Centre's current chief, Joseph Maguire, as the national intelligence's acting director to succeed Sue Gordon, who stepped down from her post.

Fri, 09 Aug 2019 06:38:49 GMT

Luxembourg watchdog probes Amazon's Alexa over privacy

Luxembourg privacy watchdog has raised concerns over the personal data usage by Amazon's Alexa voice assistant, asking the company to provide the information necessary to investigate the case.

Fri, 09 Aug 2019 02:03:42 GMT

Broadcom to buy unit of Symantec for $10.7B

Chipmaker Broadcom stated that it will buy security unit of antivirus software producer Symantec for $10.7B in cash to broaden its software business through deals.

Fri, 09 Aug 2019 01:54:58 GMT

Uber loses $5B despite easing US price war

Uber Technologies reported a record loss of $5.2B and revenue below Wall Street targets, as expansion in its core business of ride-hailing slowed, sending the company's shares down 6% on the report.

Thu, 08 Aug 2019 15:42:24 GMT

Osram's top investor drops Bain and Carlyle takeover bid

On Thursday, Osram's shares plunged as much as 8.4% after Allianz Global Investors, the German lamp manufacturer's largest shareholder, had rejected a $3.8B takeover bid from the private equity groups Bain and Carlyle.

Thu, 08 Aug 2019 14:44:32 GMT

Broadcom considers taking over Symantec's enterprise business

Chipmaker Broadcom has entered the advanced talks to acquire Symantec's enterprise business in a potential deal valued at $10.0B, sending Symantec's shares up 14%, while those of Broadcom dropped 1%, according to the Wall Street Journal.

Thu, 08 Aug 2019 14:13:12 GMT

Turkey to prevent delay of safe zone agreement

On Thursday, Mevlut Cavusoglu, the Turkish Foreign Minister, stated the country would prevent the delay of the safe zone pact, agreed in cooperation with the United States, adding that this agreement should not suffer the same fate as the accord on Syrian's Manbij.

Thu, 08 Aug 2019 12:39:50 GMT

Germany's Bayer acquires BlueRock for $600M

Germany's drugmaker Bayer is planning to take full control over BlueRock Therapeutics, the cell therapy developer, in a deal worth $600M. as it seeks to resume to the company's drug development pipeline.

Thu, 08 Aug 2019 11:01:58 GMT

Siemens Healthineers to take over USs Corindus

Germany's Siemens Healthineers is set to acquire US firm Corindus Vascular Robotics in a deal worth $1.1B, the largest acquisition Siemens division launch an IPO on the stock market.

Thu, 08 Aug 2019 09:38:17 GMT

Westpac Banking fined for failing to report data to regulator

On Thursday, Westpac Banking Corp has been fined $1.02M by the Australian financial watchdog for failing to provide data to the regulator on time, after the as watchdog toughened stance on government's request.

Thu, 08 Aug 2019 09:34:59 GMT

China ignores sanctions on Iran

On Thursday, it was announced by three research firms that in July China has continued to import Iranian oil despite the US sanction waiver ending two months before.

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