News

Note: This section contains information in English only.
Wed, 24 Jan 2018 14:33:02 GMT

GE reports $10B loss, revenue falls in Q4

General Electric posted a $10B loss and a 5% drop in its Q4 revenue driven by the earlier announced charges for insurance taxes and losses.

Wed, 24 Jan 2018 14:22:38 GMT

Apple launches new features for phone battery

On Wednesday, Apple added new features to its iOS 11.3 to show device's battery health and make recommendations if it requires to be serviced.

Wed, 24 Jan 2018 13:16:00 GMT

United Tech hits Q4 revenue forecasts on Wednesday

The US manufacturer United Technologies posted better-than-expected Q4 revenue on Wednesday, anticipating a higher 2018 profit that could be driven by strong sales of parts for commercial jets.

Wed, 24 Jan 2018 13:14:36 GMT

Venezuela's Maduro seeks running for re-election in 2018

The President of Venezuela Nicolas Maduro that he was ready to run for re-election in the next Presidential vote in April 2018.

Wed, 24 Jan 2018 11:54:16 GMT

Brexit minister sees EU, UK to agree on transition deal in March

On Wednesday, the Brexit Minister David Davis stated he expected the European Union and Britain to agree on a transition deal by this year's March-end.

Wed, 24 Jan 2018 11:54:08 GMT

Beijing to pull down 40M m2 of illegal structures

Beijing is set to demolish no less than 40 million m2 of illegal structures and shut down 500 manufacturing companies in 2018.

Wed, 24 Jan 2018 11:09:37 GMT

Credit Suisse boasts about good results

The CEO of Credit Suisse Tidjane Thiam announced on Wednesday that the year has had a good start due to the well performing US economy.

Wed, 24 Jan 2018 11:09:03 GMT

EU sets Qualcomm fine

The European Union antitrust regulators have set a $1.23 billion fine on the chipmaker Qualcomm. The reason is that the company bribed Apple into using exclusively Qualcomm chips.

Wed, 24 Jan 2018 10:27:17 GMT

Beijing to keep 2018 economic expansion target at 6.5%

Beijing's municipal government stated on Wednesday it would keep the 2018 economic growth objective at about 6.5%, on par with the target that Shanghai had set for itself.

Wed, 24 Jan 2018 10:07:21 GMT

Syria denies using chemical weapons

On Wednesday, Syria's government stated that allegations by the US and French Foreign Ministers that it was using chemical weapons could be considered as "lies".

Wed, 24 Jan 2018 09:34:48 GMT

Qatar Airways plans to comply with TSA cargo request

On Wednesday, Qatar Airways stated it was in talks with the US Transportation Security Administration, as the carrier sought to comply with TSA's tougher cargo enhanced screening.

Wed, 24 Jan 2018 09:31:04 GMT

Silicon Valley e-school launches nanodegree in flying cars

The self-driving car experts from Silicon Valley's Udacity School are set to launch first online degree in flying vehicle engineering, forecasting a boost in demand for such a topic in the following years.

Wed, 24 Jan 2018 08:28:28 GMT

SoftBank seeks to raise $5B debt using Uber, ARM

The Japanese SoftBank Group considers raising a new $5B debt by using Uber's stakes and the UK unit ARM as collateral, according to The Information website.

Wed, 24 Jan 2018 08:20:34 GMT

Japan Airlines head to resign in April

On Wednesday, Japan Airlines announced that the company's President Yoshiharu Ueki was eager to step down in April and would be replaced by the Senior Executive Yuji Akasaka.

Wed, 24 Jan 2018 07:30:33 GMT

EU antitrust regulators seen to fine Qualcomm on Wednesday

On Wednesday, the US chipmaker Qualcomm is expected to be fined up to 10% of its annual revenue of $22.2B by the EU antitrust regulator over anti-competitive behaviour as the firm had been paying Apple for using only its chips.

Wed, 24 Jan 2018 07:29:59 GMT

Boeing finishing flight tests on 787-10 jets with GE engines

On Tuesday, Boeing reported it was still completing 787-10 Dreamliner's flight tests with General Electric engines; however, the planemaker had already finished tests with engines by Rolls-Royce Holdings.

Wed, 24 Jan 2018 06:03:05 GMT

Chinese war on smog affects business

The Chinese government's war on air pollution has been blamed about causing a year-on-year decrease in Chines rail freight volumes.

Wed, 24 Jan 2018 05:39:04 GMT

2018 to be a record year

A Reuters poll of 500 economists has revealed that 2018 should see global economic growth numbers not experienced since 2010.

Wed, 24 Jan 2018 05:37:47 GMT

Kazakh funds are released

The officials of Kazakhstan have announced that a Dutch court has released $22 billion oil fund, which was frozen last October.

Wed, 24 Jan 2018 04:31:55 GMT

Google, Sequoia China, Tencent join $15M funding for XtalPi

Google, Sequoia Capital China and Tencent Holdings joined a $15M Series B funding round for Shenzhen- and Boston-based artificial intelligence pharmaceutical company XtalPi.

Wed, 24 Jan 2018 04:30:49 GMT

Toys "R" Us to shut 180 stores in US

Canada's arm of Toys "R" Us stated that the company is set to shut nearly 180 of its stores in the US in the coming months in the attempt to emerge from bankruptcy.

Wed, 24 Jan 2018 02:54:43 GMT

New Zealand credit card spending rises 6.3%

The RBNZ reported on Wednesday that total credit card spending rose 6.3% year-over-year in December, after climbing 9.1% in the preceding month.

Wed, 24 Jan 2018 02:53:45 GMT

Japanese manufacturing activity improves in January

Markit reported on Wednesday that its preliminary PMI for the Japanese manufacturing sector came in at 54.4 in January, following the prior month's final reading of 54.0.

Tue, 23 Jan 2018 20:52:28 GMT

Phil Harrison joins Google's hardware unit as VP

On Tuesday, Phil Harrison, a former Microsoft and Sony executive, joined Google's hardware division as the Vice President.

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