News

Note: This section contains information in English only.
Fri, 25 Dec 2020 03:43:27 GMT

Computer sales demand hits record high

Desktop and laptop computers demand has hit record high this year since Apple's iPhone debut in 2007, with manufacturers struggling to fulfil their outstanding orders, according to hardware industry executives.

Fri, 25 Dec 2020 01:50:17 GMT

Airlines ask UK travellers for negative COVID-19 tests

Delta Air Lines and United Airlines are requiring all UK passengers who travel to the US to show a negative test for COVID-19 valid during 72 hours of their departure.

Thu, 24 Dec 2020 21:28:19 GMT

First Turkish train reaches China

On Wednesday, the first train from Istanbul loaded with more than one thousand refrigerators reached the city of Xi'an in northern China.

Thu, 24 Dec 2020 20:37:10 GMT

Guizhou Province to fasten 5G development

According to the Big Data Development Administration, Chinese authorities in the province of Guizhou managed to create 20,215 base stations to fasten 5G development.

Thu, 24 Dec 2020 19:35:25 GMT

US oil exports rise

According to a report published by the Energy Information Administration, the US crude oil imports and exports rose 5.6M and 3.1M barrels per day last week, accordingly.

Thu, 24 Dec 2020 18:25:45 GMT

China recovers faster than expected

According to a report prepared by the World Bank, China's economic activity recovered faster than projected, resulting in 2% GDP growth.

Thu, 24 Dec 2020 17:26:59 GMT

Singapore's manufacturing output up 17.9%

The SEDB announced in the end of the week that the country's manufacturing output surged 17.9% YOY in November after 0.8% in October.

Thu, 24 Dec 2020 16:02:08 GMT

Portugal Q3 budget deficit reaches $2.4B

The Portuguese budget deficit reached $2.4B in the third quarter of 2020, or 3.8% of gross domestic product, data released by the National Statistics Institute show.

Thu, 24 Dec 2020 15:31:22 GMT

World Bank: China economy recovers faster than expected

The economy of China will expand 2% this year and 7.9% in 2021, faster than previously expected, a report published by the World Bank shows.

Thu, 24 Dec 2020 14:01:19 GMT

Canada economy expands in October

The economy of Canada expanded 0.4% in October after a 0.8% growth in September, data published by the Statistics Canada show.

Thu, 24 Dec 2020 13:00:58 GMT

Economic activity in Bolivia contracts

Economic activity in Bolivia contracted 9.56% between January and October, compared to the same period in 2019, the National Statistics Institute reports.

Thu, 24 Dec 2020 12:33:11 GMT

Uzbekistan attracts $6.6B foreign direct investment

Uzbekistan attracted $6.6B in foreign direct investment in 2020 and wants to increase it to $7.6B in 2021, data published by the government show.

Thu, 24 Dec 2020 10:47:02 GMT

China launches investigation into Alibaba

China launched an antitrust probe into Alibaba Group and will summon the company's Ant Group affiliate to meet in following days, regulators stated.

Thu, 24 Dec 2020 10:20:12 GMT

Apollo to buy stake in AB InBev US can plants

Apollo Global Management said that its institutional investors' group would buy a stake of 49.9% in AB InBev's metal container plants based in the US for about $3B.

Thu, 24 Dec 2020 08:53:55 GMT

Vodafone to pay up to $2.6B for KDG

Vodafone offered more than €2B or $2.5B to buy out Kabel Deutschland's minority shareholders and end a legal battle over the cable firm with Elliott and others.

Thu, 24 Dec 2020 08:13:09 GMT

Hyundai buys plant of GM in St. Petersburg

South-Korean vehicle maker Hyundai Motor completed the acquisition of a GM factory in Russia's St. Petersburg.

Thu, 24 Dec 2020 06:46:55 GMT

Siemens: no plans to sell wind power business

Siemens Energy stated that it has no plans to sell Siemens Gamesa, the CEO told Handelsblatt, following prior reports that it had received approaches for the wind turbine business.

Thu, 24 Dec 2020 05:46:46 GMT

Cairn wins over $1.2B from India

Cairn Energy announced that it won an arbitration case against the government of India on a tax dispute and was awarded damages of $1.2B plus interest and costs.

Thu, 24 Dec 2020 04:44:33 GMT

Tokyo Gas to invest $193M in Octopus Energy

Tokyo Gas announced that it would invest nearly 20B yen or $193M in the UK retail energy firm Octopus Energy and that they would form a JV in Japan to supply power to retail customers.

Thu, 24 Dec 2020 04:13:43 GMT

Telecom Italia to keep Nokia as supplier

Telecom Italia is set to keep Nokia as its supplier and diminish Huawei's share of equipment purchase for building 5G network.

Wed, 23 Dec 2020 22:00:05 GMT

SBB increases Entra offer to $4B

Swedish real estate company SBB raised its stock and cash bid for Norway's Entra to 34.6B Norwegian crowns or $4.0B, exceeding an offer by Castellum.

Wed, 23 Dec 2020 21:21:40 GMT

IBM to pay $24.25M to settle FCC probes

IBM agreed to pay $24.25M to resolve investigations by the Federal Communications Commission on subsidies awarded to connect libraries and schools to broadband.

Wed, 23 Dec 2020 19:42:54 GMT

China's Ant trims some Huabei users' credit limits

China's Ant Group has reduced borrowing limits for its Huabei young users, the company announced on Wednesday, following a suspension of the fintech titan's $37B IPO by the Chinese government last month.

Wed, 23 Dec 2020 18:55:08 GMT

Lufthansa agrees on cost savings

The German airline Lufthansa agreed to secure pilot jobs until the end of March 2022 and cut costs by $548M, according to the pilots union VC's statement made on Wednesday.

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