News

Note: This section contains information in English only.
Wed, 21 Feb 2018 14:32:15 GMT

Trade unions at Skoda reject carmaker's wage offer

Trade Unions at VW's Skoda Auto rejected the Czech carmaker's latest offer on wage increase, according to the unions' statement on Wednesday.

Wed, 21 Feb 2018 14:27:39 GMT

US Intel plans to invest $5B in Israeli plant

The US Intel Corp was planning $5B investment into the Kiryat Gat factory, aiming to expand its production in the Southern Israel, the country's Economy Minister Eli Cohen stated on Wednesday.

Wed, 21 Feb 2018 13:33:44 GMT

VW reaches deal on wages, pension with Germany

Volkswagen has finally agreed on the German deal to lift the wages of about 120K workers by 4.3% starting from May and improved its corporate pension scheme.

Wed, 21 Feb 2018 13:28:50 GMT

Ex-IS financial official arrested in Lebanon

On Wednesday, the Lebanon arrested a man, who the country's authorities believed was a former Islamic State financial official in Syria, according to a security source.

Wed, 21 Feb 2018 12:09:03 GMT

Bosch buys US rise services firm, creates new division

The German Robert Bosch started a new division on Wednesday, as it seeks expansion in the markets for connected cars and ride services, following an acquisition of a small US ride services firm.

Wed, 21 Feb 2018 11:59:44 GMT

Daimler to launch eActros truck production in 2021

On Wednesday, Daimler stated it sought launching serial production of the electric heavy truck eActros with a 200 km range in 2021.

Wed, 21 Feb 2018 10:57:51 GMT

Qatar finds new ally

After Qatar had a fall out with the rest of the Arab countries, the Middle Eastern state has restored its diplomatic ties with Chad.

Wed, 21 Feb 2018 10:57:20 GMT

Final Trans-Pacific deal gets released

The final version of the long discussed Trans-Pacific trade deal has been published. The pact has been moving forward even after the US leaving the group of countries, which are developing it.

Wed, 21 Feb 2018 10:32:57 GMT

South Africa to start investigation into mines minister

The South African Parliament is planning to launch an inquiry into the influence-peddling allegations against the mines minister Mosebenzi Zwane.

Wed, 21 Feb 2018 10:28:57 GMT

EU Commission names Juncker Cabinet's head as Secretary General

On Wednesday, the EU Commission appointed Martin Selmayr, the chief of the President Jean-Claude Juncker's Cabinet, as a new Commission's Secretary General.

Wed, 21 Feb 2018 09:33:14 GMT

Singapore inflation remains on hold in January

According to the Reuters poll, the headline January inflation rate in Singapore was likely unchanged, compare to the prior month's reading, while its annual core inflation was slightly up.

Wed, 21 Feb 2018 09:27:32 GMT

US home appliance deliveries slide 0.5% y/y in January

The industry body AHAM reported on Tuesday that the home appliance shipments in the United States plunged 0.5% y/y in January.

Wed, 21 Feb 2018 08:30:36 GMT

Temenos agrees to acquire UK software firm Fidessa

On Wednesday, the Swiss banking software firm Temenos stated it had agreed to buy the British financial software house Fidessa Group in a deal worth about $1.96B.

Wed, 21 Feb 2018 08:26:11 GMT

Apple considers buying cobalt straight from miners

Apple is in talks over buying the cobalt long-term supplies for its iPhone batteries straight from miners, according to Bloomberg's report on Wednesday.

Wed, 21 Feb 2018 07:34:02 GMT

Sixth bank official arrested in $1.8B fraud case

On Wednesday, the CBI announced it had arrested the sixth top official of the state-run Punjab National Bank, following the expansion in an investigation into the $1.8B bank's fraud.

Wed, 21 Feb 2018 07:30:29 GMT

Japan to purchase 20 extra F-35A stealth fighters

Japan was planning to purchase at least 20 more F-35A stealth jet fighters from Lockheed Martin in the next six years, sources familiar with the issue reported.

Wed, 21 Feb 2018 05:52:02 GMT

Japan donates ballot boxes to Cambodia

As the Cambodian election of 2018 is about to begin, it turns out that the needed 10,000 ballot boxes were donated by the Japanese government.

Wed, 21 Feb 2018 05:51:47 GMT

Bahrain might invest in SoftBank

The sovereign fund of Bahrain Mumtalakat is in talks to invest in SoftBank's Vision Fund. The fund targets investments into the technology sector.

Wed, 21 Feb 2018 05:29:19 GMT

GM proposes new investment into South Korea

General Motors have proposed a $2.8B investment into its struggling South Korean unit. Moreover, the company has asked Seoul to provide the funds.

Wed, 21 Feb 2018 05:28:43 GMT

Venezuela announces first Petro results

The president of Venezuela Nicolas Maduro has announced that the pre-sale of the country's crypto currency has gained it $735M.

Wed, 21 Feb 2018 04:34:52 GMT

Guess co-founder to give up duties throughout probe

Guess stated that the company's co-founder Paul Marciano is set to give up his duties at the company awaiting the completion of probe of alleged improper conduct.

Wed, 21 Feb 2018 04:33:04 GMT

EU, Mexico make progress after trade negotiations, say deal not finalized

The European Union and Mexico's negotiators finished a 9th round of talks aimed at modernising the free trade deal, adding five new chapters and making progress on others.

Wed, 21 Feb 2018 02:55:40 GMT

Japanese manufacturing activity deteriorates in February

Markit reported that its flash PMI for the Japanese manufacturing sector fell to 54.0 points in February from the preceding month's final reading of 54.8.

Wed, 21 Feb 2018 02:54:20 GMT

Australian wage growth accelerates in Q4 2017

The ABS reported on Wednesday that its Wage Price Index rose 0.6% in the last quarter of 2017, after climbing 0.5% in the prior quarter.

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