News

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.

Sat, 04 May 2019 16:19:37 GMT

Uber drivers to protest in New York

The New York Taxi Workers Alliance stated on Saturday that Uber drivers would go on strike in the upcoming week to raise awareness about unjust working conditions.

Sat, 04 May 2019 15:25:17 GMT

Air France-KLM likely to fire 400 workers

The La Tribune newspaper reported on Saturday, that Air France-KLM was considering proposing a redundancy scheme for nearly 400 ground employees amid poor performance in Q1.

Sat, 04 May 2019 15:20:47 GMT

Davidson pledges to resist new referendum on independence

The head of the Scottish Conservatives, Ruth Davidson, stated on Saturday that the party would counter any attempts to organize a new referendum on Scotlland's secession from the United Kingdom.

Sat, 04 May 2019 14:18:28 GMT

Iran pledges to defeat US

The Iranian President Hassan Rouhani stated on Saturday that the US would be defeated by the Iranian people through solidarity and unity of the nation.

Sat, 04 May 2019 14:16:31 GMT

UK to develop green ties with China

The British Trade Commissioner for China Richard Burn stated on Saturday that the government is willing to advance cooperation with China on ecology and green innovation.

Sat, 04 May 2019 13:24:05 GMT

Barnier hurry UK with decision on Brexit

The Chief Brexit Negotiator of the European Union Michel Barnier stated on Friday that the UK must "make up its mind" on how it would proceed with the Brexit.

Sat, 04 May 2019 13:21:24 GMT

SAS staff strike ends

According to the Swedish News SVT, pilots of the Scandinavian Airlines (SAS) have stopped a strike after an agreement with the company's management was reached.

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