News

Sun, 05 May 2019 08:42:43 GMT

Saudi Arabian growth remains stable

Data published on Sunday revealed that Saudi Arabian private sector has continued to grow. Namely, the PMI of the country was unchanged in April at 56.8 points.

Sun, 05 May 2019 07:44:41 GMT

Theresa May calls for Labour support

The Prime Minister of the United Kingdom Theresa May announced on Saturday that she needs the support of the Labour Party to agree to a deal with the European Union.

Sun, 05 May 2019 07:44:34 GMT

Buffet comments on compliance

On Saturday, during the annual Berkshire Hathaway meeting the billionaire investor Warren Buffet announced that Berkshire discloses enough information about itself.

Sun, 05 May 2019 07:04:40 GMT

Buffet speaks out about Wells Fargo

On Saturday, Warren Buffet announced that Berkshire Hathaway is sticking to its investment in Wells Fargo despite the recent year scandals, which have hurt the its stock.

Sun, 05 May 2019 07:04:30 GMT

Buffet comments on Kraft Heinz

During the annual Berkshire Hathaway stockholder meeting, the billionaire investor Warren Buffet announced that he is committed to Kraft Heinz despite recent sluggish growth.

Sun, 05 May 2019 05:47:12 GMT

Buffet could invest in UK

The billionaire investor Warren Buffet announced on Saturday that Brexit has not destroyed his interest into making a large investment into the United Kingdom.

Sun, 05 May 2019 05:47:03 GMT

Buffet wants to do business in Europe

On Saturday, billionaire investor Warren Buffet announced that he wishes to do more business in Europe.

Sun, 05 May 2019 04:41:04 GMT

Libyan oil company issues announcement

On Saturday, the state owned Libyan oil company NOC announced that it wishes for a safe return of the kidnapped head of the company's worker's union. The event reveals the difficulties that the country faces in dealing with hostile forces and restoring Libya's oil output.

Sun, 05 May 2019 04:40:56 GMT

Kraft Heinz head of marketing leaves

On Saturday, a representative of Kraft Heinz announced that the Chief Marketing Officer of the company Eduardo Luz would leave the company at the end of May. The event is part of a recent optimization of operations.

Sun, 05 May 2019 04:31:51 GMT

UK will not investigate Huawei leak

On Saturday, a representative of the UK's police force announced that the police will not investigate the recent data leak to Huawei that was conducted by the already sacked defence minister.

Sun, 05 May 2019 04:31:23 GMT

Uber drivers prepare to strike

Late on Friday, a taxi union in New York announced that drivers will strike prior to the Uber stock's initial public offering. The strike is bound to highlight issues and hurt the demand for the stock.

Sun, 05 May 2019 02:43:24 GMT

Mexican President supports Pemex

The President of Mexico Andreas Manuel Lopez Obrador has announced tax cuts that are designed to free up the needed funds to subsidize the government oil company Pemex.

Sun, 05 May 2019 02:42:51 GMT

EU condemns US sanctions on Iran

On Saturday, the European Union once more expressed critique at the US for putting oil and nuclear sanctions on Iran. In general, the EU continues to stick to its stance, as an increase global oil output create by Iran would benefit the union.

Sun, 05 May 2019 02:33:03 GMT

Vodafone pressures German government

It was revealed by Vodafone on Saturday that the company is pressuring the German government to help the company in the creation of a new ultrafast broadband internet connection.

Sun, 05 May 2019 02:32:37 GMT

North Macedonia votes in election

On Sunday, voters of Northern Macedonia went to the polling stations to vote for a new President.

Sat, 04 May 2019 20:08:54 GMT

China's gas consumption jumps 11.6% in Q1

The National Development and Reform Commission of China reported on Saturday that the country's consumption of natural gas increased by 11.6% in Q1 amid anti-pollution efforts of the government.

Sat, 04 May 2019 20:06:01 GMT

Munger says he had to buy Google shares

Charlie Munger, one of Warren Buffett's partners, stated on Saturday that one of his greatest regrets was that he did not buy Google shares.

Sat, 04 May 2019 19:26:25 GMT

Volvo sales grow 7.4% in April

Volvo Cars reported on Friday that the global growth of sales of its vehicles has reached 7.4% in April, being mainly driven by high demand on its SUVs.

Sat, 04 May 2019 19:20:42 GMT

Heinz's Luz to quit at end of May

Kraft Heinz Co stated on Saturday that its top marketing officer Eduardo Luz would quit from the company at the end of May, thus leaving the seat to Adam Butler, the head of beverages, snacks and desserts.

Sat, 04 May 2019 18:27:48 GMT

China's Li meets Ethiopian PM

In the middle of the week, the China's Premier Li Keqiang had a meeting with the Prime Minister of Ethiopia Abiy Ahmed Ali during which parties discussed bilateral ties in the context of the Belt and Road Initiative.

Sat, 04 May 2019 18:24:06 GMT

Obrador takes steps to help Pemex

The President of Mexico Andres Obrador announced on Saturday a number of moderate budget cuts in order to support the country's oil giant Pemex.

Sat, 04 May 2019 17:28:22 GMT

Vectura wins litigation against GlaxoSmithKline

On Saturday, the British drugmaker Vectura won a case of patent infringement against GlaxoSmithKline and was entitled to receive a $89.7M award.

Sat, 04 May 2019 17:23:08 GMT

Buffet criticizes Wells Fargo

The Berkshire Hathaway CEO Warren Buffett stated on Saturday that Wells Fargo made severe mistakes in the past, though his fund, as a large shareholder would continue supporting the company.

Sat, 04 May 2019 16:27:42 GMT

Erdogan support Istambul major re-election

The Turkish President Tayyip Erdogan hinted on Saturday that he supported repeat of Istanbul mayor elections.

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