News

Note: This section contains information in English only.
Fri, 23 Feb 2018 19:45:28 GMT

VW profitability to take hit from EV shift

Volkswagen stated that its profitability is likely to take a hit in 2018, as the company launches a plenty of new models and invests billions of euros in EVs.

Fri, 23 Feb 2018 19:30:03 GMT

Canada's yearly inflation grows 1.7% in January

The Canadian inflation growth pace strengthened in January, with the CPI rate rising 0.7% in the reported month, surpassing expectations for a 0.4% increase.

Fri, 23 Feb 2018 19:29:13 GMT

Britain to align auto rules with EU after Brexit

The UK is set to align regulations with the EU in the automotive sector and other areas after Brexit, the country's Health Minister stated.

Fri, 23 Feb 2018 18:08:19 GMT

Germany, France ask Putin to cease Syria attacks

Germany's Chancellor Angela Merkel and France's President Emmanuel Macron asked Russia's President Vladimir Putin to support the UN resolution for a ceasefire in Syria.

Fri, 23 Feb 2018 18:07:52 GMT

BMW to recall 11.7K cars due to wrong engine software

Germany's car maker BMW stated that the company is set to recall 11.7K cars, as it discovered that the wrong software was installed on 5-Series and 7-Series models.

Fri, 23 Feb 2018 17:25:18 GMT

EZ inflation growth weakens in January

Euro zone's consumer price growth weakened in the month of January, falling 0.9% month-on-month, in line with expectations.

Fri, 23 Feb 2018 17:24:52 GMT

Vimeo targets $100M in revenue in 2018

Vimeo, the video hosting service of IAC, stated that it targeted 1M in paid subscribers and $100M in revenue in 2018, the company's CEO stated.

Fri, 23 Feb 2018 15:49:56 GMT

GE, Ukraine sign $1B deal to supply locomotives

General Electric's transportation unit stated that the company signed a $1B agreement with Ukrainian Railways to supply freight locomotives.

Fri, 23 Feb 2018 15:48:29 GMT

HPE shares rise on $7B buyback plan, strong forecast

Shares of HPE increased 7% to the record-high on Friday after the company announced a $7B share repurchase plan, high quarterly results and upbeat forecasts.

Fri, 23 Feb 2018 15:33:35 GMT

Citigroup announces credit card rate problems

On Friday, Citigroup disclosed the credit card interest rate issues, calling it "methodological" and saying the company would provide necessary remediation to their affected customers.

Fri, 23 Feb 2018 15:30:04 GMT

Germany turns down bankers' extradition to Britain

Germany's authorities rejected an extradition bid of four bankers to Britain, who were set to face conspiracy charges in the Euribor case.

Fri, 23 Feb 2018 14:34:36 GMT

Hungary seeks no less €0.5B on border protection

Hungary's Prime Minister Viktor Orban stated that the country sought for half of €1B for border protection to get reimbursed from the EU.

Fri, 23 Feb 2018 14:32:31 GMT

PM May holds positive meeting on Brexit

On Friday, the British Prime Minister Theresa May held a positive meeting with her ministers over the Brexit, where they agreed on her forthcoming speech basis over the UK's future ties with the EU.

Fri, 23 Feb 2018 13:28:10 GMT

Romanian President backs anti-corruption chief

On Friday, the Romanian President Klaus Iohannis expressed his support for the chief anti-graft prosecutor, saying that there was no evidence to sack her, following a justice minister's request.

Fri, 23 Feb 2018 13:24:49 GMT

General Mills, Blue Buffalo sign acquisition deal

General Mills is set to acquire Blue Buffalo Pet Products in a deal worth around $8B, as it seeks to boost the growing demand for the natural pet food.

Fri, 23 Feb 2018 12:35:04 GMT

Google starts accepting payments via M-Pesa service

Google started taking payments for the apps through Kenyan Safaricom's mobile device M-Pesa service, as it seeks to bolster downloads in a market for people with no credit card.

Fri, 23 Feb 2018 12:29:07 GMT

Trump calls on Mexico to bar illegal immigrants

On Friday, the US President Donald Trump urged Mexico to block illegal immigrants from El Salvador and prevent them from entering the United States.

Fri, 23 Feb 2018 11:18:50 GMT

JD.com, Tencent to buy stakes in China's retail chain

JD.com and Tencent Holdings are set to pay $117M and $140M respectively for the Chinese retail chain's minority stakes amid companies' intention to extend in the retail space.

Fri, 23 Feb 2018 11:11:25 GMT

GoDaddy revenue beats forecasts, shares rise

On Thursday, GoDaddy's Q1 revenue beat Wall Street's expectations, reporting it surged 6.9% to $139, while the company's shares jumped 4.5% to $57.95 in an extended trading.

Fri, 23 Feb 2018 10:35:08 GMT

HP shares jump 5.3% on strong Q1 results

Shares of HP Inc surged 5.3% to $22.53 on Wednesday after the company announced its Q1 profit and revenue results beat the estimates.

Fri, 23 Feb 2018 10:31:12 GMT

EU seeks to double funding for Sahel military operation

The European Union is eager to double the funding to €100M for the multi-national military force in the West African region of Sahel to counter Islamist militants.

Fri, 23 Feb 2018 09:34:26 GMT

South Korea sees lift to Q1 GDP y/y driven by Olympics

South Korea was expecting the country's Q1 economic growth rate to get boosted this year amid the Winter Olympics, the Presidential Blue House stated.

Fri, 23 Feb 2018 09:27:32 GMT

Britain to align car regulations with EU after Brexit

Britain is set to align its auto regulations with the EU regulations in the automotive sector and other areas, after its withdrawal from the bloc next year.

Fri, 23 Feb 2018 08:34:22 GMT

Nissan to launch Easy Ride public tests next month

Nissan in partnership with Japan's mobile gaming platform DeNA is set to launch public tests of its autonomous ride-hailing Easy Ride service in Yokohoma, starting the next month.

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