News

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Mon, 25 Jan 2021 10:24:02 GMT

Germany to face economic stagnation in Q1

Germany's economy is set to stagnate in the 2021's Q1, according to Ifo economist Klaus Wohlrabe's statement made on Monday, signalling the toll taken by the EU largest economy's lockdown.

Mon, 25 Jan 2021 09:06:23 GMT

Huawei considers sale of its premium phone brands

China's Huawei Technologies has entered the early-stage negotiations over potential sale of the premium smartphone brands Mate and P, in a move that may result in the company's withdrawal from the smartphone-making business.

Mon, 25 Jan 2021 07:45:11 GMT

Germany asks Taiwan for over chip shortage

Germany called on Taiwan to persuade its producers to help ease the semiconductor chips shortage in the car sector, as it is affecting the German economy recovery from the coronavirus pandemic.

Mon, 25 Jan 2021 07:37:07 GMT

SPAC close to $7.3B deal with Alight

A Bill Foley-backed blank-check acquisition company is close to sign a deal with Blackstone's Alight Solutions, the US benefits services operator, valued at $7.3B including debt.

Mon, 25 Jan 2021 06:00:29 GMT

Israel to ban international flights

On Sunday, the Israeli government announced that it would ban international flights from January 25 for one week, as it seeks to curb the spread of the COVID-19 pandemic.

Mon, 25 Jan 2021 05:01:19 GMT

WH to press US Congress for $1.9T relief bill

On Sunday, Brian Deese, the Director of the National Economic Council, said that the White House would push Republican and Democratic senators for a new $1.9 trillion in COVID-19 relief package.

Mon, 25 Jan 2021 04:05:12 GMT

Italy to sue Pfizer and AstraZeneca

On Sunday, Italy's Foreign Minister Luigi Di Maio announced that the Italian government would file a lawsuit against AstraZeneca and Pfizer Inc over a delay in the supply of coronavirus vaccines.

Mon, 25 Jan 2021 02:27:12 GMT

Gulf Air negotiates with Airbus and Boeing

On Sunday, Waleed Abdulhameed Al Alawi, the acting CEO of Gulf Air, said that the company is in discussions with Boeing and Airbus to delay aircraft deliveries.

Sun, 24 Jan 2021 21:33:44 GMT

France likely to have new lockdown

The French government senior health advisor Delfraissy stated on Sunday that the country most probably would need to go through a third lockdown.

Sun, 24 Jan 2021 20:33:01 GMT

Nord Stream 2 construction resumes

The Nord Stream 2 consortium stated on Sunday that a pipe-laying ship had resumed works in Denmark's waters.

Sun, 24 Jan 2021 19:34:31 GMT

Saudi fund plans to double its assets

The Saudi Prince Mohammed bin Salman stated on Sunday that assets of the country's sovereign fund would be doubled to $1.07T by 2025.

Sun, 24 Jan 2021 17:50:50 GMT

Kuwait's Emir appoints Al-Sabah as PM

As reported by the state news agency KUNA on Sunday, the Kuwaiti Emir Sheikh Nawaf al-Ahmed al-Sabah has appointed Sheikh Sabah Khaled Al-Hamad Al-Sabah, as the country's Prime Minister.

Sun, 24 Jan 2021 17:00:37 GMT

Goldman Sachs lower Turkish Lira forecast

Goldman Sachs announced that its three-month forecast for the Turkish Lira was 7.00 to 7.50 to the US Dollar.

Sun, 24 Jan 2021 16:01:40 GMT

UAE approves establishment of embassy in Israel

On Sunday, the United Arab Emirates cabinet approved the establishment of an embassy in Tel Aviv, Israel.

Sun, 24 Jan 2021 14:43:24 GMT

Gulf Air seeks aircraft delays

The CEO of Gulf Air Waleed Abdulhammed Al Alawi revealed to Reuters on Sunday that the company is in talks with aircraft producers about delivery delays.

Sun, 24 Jan 2021 14:18:58 GMT

Biden works with Israel

On Sunday, Jake Sullivan, the National Security Adviser for the US President Joe Biden, revealed that the new administration would work on regional normalization with Israel.

Sun, 24 Jan 2021 13:37:45 GMT

Goldman gives forecast on Turkish Lira

Goldman Sachs stated on Sunday that in the next three months the Turkish Lira's value against Dollar could reach 7.00 to 7.50.

Sun, 24 Jan 2021 12:15:08 GMT

VW considers claiming damages

According to the Automobilwoche magazine's report, Volkswagen is evaluating chances of claiming damages from Bosch and Continental for failing to supply the required number of semiconductor chips.

Sun, 24 Jan 2021 11:35:53 GMT

US to pay more attention to climate change

The US President Joe Biden stated on Saturday that he would issue more regulations aimed at tackling climate change.

Sun, 24 Jan 2021 10:31:58 GMT

Germany pays attention to chip shortage

On Saturday, the German Economy Minister Peter Altmaier sent a letter to his Taiwanese colleague asking to help to persuade local manufacturers to supply more semiconductor chips needed for car production.

Sun, 24 Jan 2021 09:28:12 GMT

Taiwan addresses chip makers

On Sunday, the government of Taiwan requested chip makers to deal with a shortage in the auto sector.

Sun, 24 Jan 2021 08:28:53 GMT

Biden orders assessment

The US White House announced on Sunday that the US President Joe Biden had ordered an assessment of domestic extremism.

Sun, 24 Jan 2021 07:16:27 GMT

Scotland prepares for referendum

On Saturday, Reuters revealed that Scottish nationalists were preparing for a second independence referendum.

Sun, 24 Jan 2021 05:45:25 GMT

Johnson expects working with Biden

On Saturday, the UK Prime Minister Boris Johnson stated he looked forward to cooperation with the US President Joe Biden on shared goals, such as tackling climate change.

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