News

Note: This section contains information in English only.
Thu, 19 Apr 2018 15:26:17 GMT

Time Warner CEO: merger with AT&T in necessary to compete with Google

Time Warner CEO Jeff Bewkes stated that his company plans to merge with telecom giant AT&T because it is a necessary step to compete with Facebook and Google for online advertising market. 

Thu, 19 Apr 2018 15:17:37 GMT

Alibaba Group to invest $320M in Thailand

On Thursday, the government officials of Thailand stated that Chinese ecommerce giant Alibaba Group is planning to invest $320M in various industries in Thailand, including agriculture and tourism market.

Thu, 19 Apr 2018 14:35:39 GMT

South Korean Moon: North Korea aims to complete denuclearisation

According to the South Korean leader Moon Jae-in's statement on Thursday, North Korea is seeking a "complete denuclearisation" on the Korean peninsula.

Thu, 19 Apr 2018 13:48:00 GMT

Fort Ross seeks to bring more US start-ups to Russia

Fort Ross, the venture capital company, has raised about $200M in funding, seeking to bring more Silicon Valley's start-ups to Russia, allowing them to deliver services to the country's largest corporations.

Thu, 19 Apr 2018 13:09:31 GMT

Ethiopian PM reshuffles Cabinet amid reform bid

On Thursday, Ethiopia's newly-elected Prime Minister Abiy Ahmed appointed a new Defence Minister as part of the Cabinet reshuffle, as he seeks to introduce reforms that have been demanded by public.

Thu, 19 Apr 2018 12:57:04 GMT

US initial jobless claims slide 1K last week

The number of applications for US unemployment benefits fell to 232K in the week ending April 14, following the prior month's 233K reading, while analysts anticipated a drop to 230K.

Thu, 19 Apr 2018 12:37:16 GMT

Takeda launches $61B offer for drugmaker Shire

Takeda Pharmaceuticals made a bid on Thursday for the London-based drugmaker Shire, valuing the company at about $61B, sources familiar with the issue reported.

Thu, 19 Apr 2018 12:35:05 GMT

Codorniu rejects Carlyle takeover bid on Thursday

The Spanish cava sparkling wine maker Codorniu rejected a takeover offer by The Carlyle Group, the company stated on Thursday.

Thu, 19 Apr 2018 11:10:36 GMT

Vivendi considers possible Universal Music listing

On Thursday, the CEO of France's media group Vivendi Arnaud de Puyfontaine stated the company was reviewing the possibility of the initial public offering of its Universal Music division.

Thu, 19 Apr 2018 10:58:44 GMT

Britain's BenevolentAI attracts $115M in funding

The UK artificial intelligence pharmaceutical firm BenevolentAI raised $115M in funding round worth $2B, the company announced on Thursday.

Thu, 19 Apr 2018 10:13:12 GMT

EU 2017 asylum giving stats are published

The European Union has announced that it has granted official asylum in 2017 to more than 500,000 migrants. However, only one third of them are from Syria.

Thu, 19 Apr 2018 10:12:21 GMT

German Opel plant costs are revealed

The CEO of Opel on Thursday revealed that the company's German based plan has two times bigger cost base than a French based plant.

Thu, 19 Apr 2018 09:38:36 GMT

Murray Goulburn CEO to resign after Saputo takeover

On Thursday, the daily processor Murray Goulburn stated its Chief Executive Officer Ari Mervis was set to quit his position after the company's $1B takeover by the Canadian firm Saputo.

Thu, 19 Apr 2018 08:30:30 GMT

Facebook to remove 1.5B users from EU GDPR list

Facebook is eager to put about 1.5B users from Asia, Africa, Latin America and Australia out of reach of the new EU General Data Protection Regulation that is set to take effect on May 25.

Thu, 19 Apr 2018 08:19:33 GMT

Uber picks VMware's Zane Rowe as CFO: Bloomberg

Uber Technologies picked VMware's Zane Rowe as the main candidate for the Chief Financial Officer, who will be set to lead the preparations for the company's IPO in 2019.

Thu, 19 Apr 2018 07:39:18 GMT

SunPower to buy US rival SolarWorld to stem Trump's tariffs

On Wednesday, SunPower stated it was set to acquire the US solar panel producer SolarWorld Americas, seeking to head off the Trump Administration's tariffs on panel imports.

Thu, 19 Apr 2018 07:30:54 GMT

Britain's Weir to acquire US mining tools producer ESCO

UK's Weir Group is planning to buy the US-based mining tools maker ESCO in a deal worth $1.05B, the mining pumps and valves producer stated on Thursday.

Thu, 19 Apr 2018 06:36:17 GMT

Qualcomm launches layoffs amid annual cost cuts

Qualcomm has started cutting job positions, following a promise to investors that the company will cut its annual cost by $1B, it stated on Wednesday.

Thu, 19 Apr 2018 06:33:12 GMT

P&G agrees to acquire Merck's consumer health unit

Procter&Gamble agreed to buy the German Merck KGaA's consumer healthcare business division for around $4.21B in cash; a deal that would help P&G to expand its portfolio of consumer health brands and capabilities.

Thu, 19 Apr 2018 03:35:21 GMT

America Movil fined $5.4M in antitrust case

IFT, Mexico's telecom regulator, stated that it fined America Movil and the company's mobile service part Telcel $5.4M in the antitrust case.

Thu, 19 Apr 2018 03:32:54 GMT

AmEx tops quarterly profit targets

American Express, the credit card issuer, easily topped estimates of the Wall Street for the company's quarterly profit as strong investments in rewards and straightening economy encouraged consumer spending.

Thu, 19 Apr 2018 02:13:15 GMT

Qualcomm starts layoffs to cut costs

Qualcomm begun to cut jobs within the company's promise to investors to diminish annual costs by $1B, the chipmaker stated.

Thu, 19 Apr 2018 02:12:03 GMT

Japan's Abe, US Trump agree to intensify talks on trade

The US President Donald Trump and Japan's Prime Minister Shinzo Abe stated that they agreed to intensify trade negotiations, aiming to expand trade and investment.

Wed, 18 Apr 2018 19:51:06 GMT

Netflix plans $1B investment drive in Europe

Netflix is likely to raise the company's investment in content in Europe, planning to spend nearly $1B on original production in 2018.

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