News

Wed, 13 Mar 2019 10:46:34 GMT

Ethiopian Airlines CEO comments on Boeing

The Chief Executive Officer of Ethiopian Airlines on Wednesday announced that Boeing has to ground all of the eight 737 MAX airplanes until it is clear that they are safe.

Wed, 13 Mar 2019 10:18:37 GMT

Avast head Steckler plans to resign this year

Cybersecurity company Avast's CEO Vince Steckler is set to retire from his position, the company announced on Wednesday, after disappointing annual earnings and revenue results since its listing in May.

Wed, 13 Mar 2019 10:10:14 GMT

Kazakshstan grounds Boeing 737 MAX planes

On Wednesday, the civil aviation committee of Kazakhstan suspended Boeing 737 MAX aircraft, joining other countries, after two fatal crashes in Ethiopia and Indonesia, which involved the planes.

Wed, 13 Mar 2019 09:04:21 GMT

Mexico regulator approves Disney-Fox deal

Mexico's telecoms regulator has granted its approval to the Walt Disney's $71B takeover of 21st Century Fox's TV and films assets, including the Fox Sports channels sale.

Wed, 13 Mar 2019 08:58:53 GMT

Fiji halts Boeing 737 MAX planes

On Wednesday, Fiji's Civil Aviation Authority and Fiji Airways has grounded the airline's two Boeing Co 737 MAX jets, after two fatal crashes in Ethiopia and Indonesia that involved the aircraft.

Wed, 13 Mar 2019 08:07:20 GMT

Edmond de Rothschild Swiss bank to be taken private

The Benjamin de Rothschild family is planning to take Edmond de Rothschild, the Swiss asset management and private banking group, private to consolidate its activity, making the Swiss bank its operating holding firm.

Wed, 13 Mar 2019 08:03:34 GMT

VW brand to trim workforce by up to 7K staff

On Wednesday, Volkswagen announced it would cut up to 7K jobs, as it sought to lift productivity and reach a gold of €5.9B annual savings by 2023 at its VW brand with intention to increase the carmaker's operating margin to 6%.

Wed, 13 Mar 2019 07:39:51 GMT

Huawei Italia sees no impact from US dispute

China's Huawei Italia CEO Thomas Miao stated on Wednesday there seemed no impact from the on-going US dispute, but clients were concerned.

Wed, 13 Mar 2019 07:37:42 GMT

Sigma Healthcare board drops API offer

On Wednesday, the board of Sigma Healthcare, Australia's pharmacy operator, rejected a A$727M take-over proposal made by Australian Pharmaceutical Industries, as the bid was not in the shareholders' best interests.

Wed, 13 Mar 2019 05:55:44 GMT

Big Japanese firms offer smaller pay increases

On Wednesday, major Japanese companies offered smaller wage hikes at the yearly wage discussions, as the economy wobbles.

Wed, 13 Mar 2019 05:55:32 GMT

British Pound edges higher after PM May's Brexit defeat

The Pound Sterling rose on Wednesday after the UK Parliament voted against Prime Minister Theresa May's EU exit agreement.

Wed, 13 Mar 2019 05:02:28 GMT

Crude oil prices edge higher on Wednesday

On Wednesday, crude oil prices edged higher. The surged was attributed to OPEC supply cuts and the US sanctions against Venezuela and Iran.

Wed, 13 Mar 2019 05:00:54 GMT

Culvahouse says China is using payday loan diplomacy in Asia-Pacific

The US Ambassador to Australia Arthur Culvahouse said on Wednesday that China is using payday loan diplomacy to exercise its influence in the Asia-Pacific.

Wed, 13 Mar 2019 04:09:55 GMT

UK to meet Google, Facebook competition with new regulations

The UK would need to overhaul competition rules to tackle the tech giants', such as Google, Facebook and Amazon, dominance and increase consumers' choice, a government review showed.

Wed, 13 Mar 2019 04:02:56 GMT

German chemical industry growth weakens in Q4 2018

Chemical production in Germany dropped 10% and ended in the "very weak" Q4, the country's chemical industry association announced.

Wed, 13 Mar 2019 03:33:57 GMT

Honda recalls more than 83K cars in Canada

Honda was recalling more than 83K vehicles in Canada amid possible explosion risks of Takata air bag inflators, the CTV stated.

Wed, 13 Mar 2019 03:25:16 GMT

Japanese machinery orders decline last month

Japan's machinery orders dropped in January at the strongest pace in the four-month period, as the US-China tariff war affected global trade, with falling demand from the country's manufacturing sectorss.

Tue, 12 Mar 2019 21:22:56 GMT

Shell seeks methane leak rules tightening

On Tuesday, Royal Dutch Shell called on the Trump Administration to severe the rules on greenhouse gas emissions that result from gas and oil production, instead of the initial plan to weaken them, drawing more attention to climate problems.

Tue, 12 Mar 2019 21:13:55 GMT

Wirecard dismisses accounting manager until probe ends

Wirecard has suspended its accounting manager in Singapore until the end of an inquiry launched on the back of creative accounting and fraud allegations, the company's CEO Markus Braun stated on Tuesday.

Tue, 12 Mar 2019 20:33:09 GMT

Citigroup accelerates 2019 expense cuts

Citigroup has accelerated its plans for this year to trim expenses via "simplification" of the organisation and its internal processes improvements, the company's CFO Mark Mason stated at investor conference on Tuesday.

Tue, 12 Mar 2019 20:28:38 GMT

BioNtech picks banks for $800M IPO

The EU largest biotech company by staff numbers BioNtech hired JPMorgan and Bank of America for its initial public offering worth up to $800M scheduled for this year, according to sources familiar with the matter.

Tue, 12 Mar 2019 19:29:06 GMT

Foxconn rejects paying royalties to Microsoft

On Tuesday, Taiwan's Foxconn rejected the patent infringement lawsuit brought by Microsoft last week, denying it should pay royalties being a contract manufacturer for the US company's software.

Tue, 12 Mar 2019 19:25:10 GMT

Uber to pay $20M in drivers settlement

Uber Technologies is set to pay $20M in a settlement after its drivers brought a legal lawsuit about six years ago, resolving a battle with the ride-hailing firm's employees just before the initial public offering scheduled for this year.

Tue, 12 Mar 2019 17:53:03 GMT

Sprint, T-Mobile heads back merger deal again

Sprint and T-Mobile US Chief Executives head back to the US Capitol Hill again on Tuesday, to defend their potential $26B deal, as both companies are seeking for a merge.

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