News

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Mon, 28 Sep 2020 16:58:35 GMT

Maldives economy to recover by 2022

The economy of the Maldives will recover from the ongoing pandemic by 2022, a statement published by the Minister of Finance Ibrahim Ameer shows.

Mon, 28 Sep 2020 15:51:36 GMT

ADB loans $200M to improve energy sector infrastructure in Uzbekistan

The Asian Development Bank approved a $200M loan to improve infrastructure in the energy sector in Uzbekistan, a statement published by the bank shows.

Mon, 28 Sep 2020 15:30:04 GMT

Finnish consumers uncertain about economy

Consumer confidence among people living in Finland worsened in September, compared to the previous month, data published by the Statistics Finland show.

Mon, 28 Sep 2020 14:17:55 GMT

Amazon plans Prime Day event

On Monday, Amazon.com stated that Prime Day, the annual shopping event, would take place on October 13-14, after it had been postponed due to the coronavirus pandemic.

Mon, 28 Sep 2020 12:41:36 GMT

Samsung Energy opens lower than expected

Siemens Energy showed modest debut on Monday on the Frankfurt stock exchange with its shares opening lower than expected at €22.01 apiece.

Mon, 28 Sep 2020 11:50:57 GMT

Ford Motor applies for Germany's state aid

The US automaker Ford Motor applied for €500M of the German loan guarantees as the company had been by the coronavirus crisis, according to Handelsblatt.

Mon, 28 Sep 2020 10:40:45 GMT

VW, China ventures plans €15B in EV

On Monday, Volkswagen stated it was planning a €15B investment with three China's joint ventures in electric vehicles, the world's largest car market, during 2020 and 2024 time period.

Mon, 28 Sep 2020 09:42:04 GMT

Uber recovers London licence

On Monday, Uber won a legal case that would restore the taxi app's licence in London.

Mon, 28 Sep 2020 09:17:15 GMT

China's PMI seen to expand in September

The factory activity in China has likely grown at a little faster pace to 51.2 last month, signalling an ongoing recovery from the COVID-19 crisis.

Mon, 28 Sep 2020 08:28:29 GMT

Cleveland-Cliffs to acquire ArcelorMittal's assets

On Monday, the US largest iron ore pellets producer Cleveland-Cliffs announced it would acquire the US assets of ArcelorMittal, the world's biggest steelmaker, in a deal worth $1.4B.

Mon, 28 Sep 2020 06:49:51 GMT

SMIC's HK shares drop on US restrictions

Shares of SMIC listed in Hong Kong plunged over 7% on Monday, as Washington imposed new restrictions on the Chinese largest chip maker's export, Reuters reported.

Mon, 28 Sep 2020 06:33:08 GMT

China's Xpeng to build new plant

On Monday, Xpeng, the Chinese electric vehicle maker, announced its plans to construct new car factory in Guangzhou with $590M from the local government financing.

Mon, 28 Sep 2020 05:01:21 GMT

China Evergrande's shares jump over 10%

China Evergrande's shares surged over 10% after the company announced that it was making progress to reduce debt.

Mon, 28 Sep 2020 04:08:18 GMT

Crude oil prices decline

Crude oil prices edged lower on Monday, Brent crude futures were down by 0.20%, to $41.84 per barrel at 00:03 GMT, while the US WTI crude fell by 0.30%, to $40.12 a barrel.

Mon, 28 Sep 2020 03:05:10 GMT

Erdogan criticizes Armenia

On Sunday, the Turkish President Tayyip Erdogan criticized Armenia after clashes between Azeri forces and Armenian and promised that Turkey's solidarity with Azerbaijan would increasingly continue.

Mon, 28 Sep 2020 01:46:34 GMT

Indonesia reverses plans to cut severance pay

Indonesia has scrapped plans to cut maximum severance payments in a new bill, Indonesia's parliament legislative committee announced on Sunday.

Sun, 27 Sep 2020 19:50:02 GMT

Qatar Airways receives subsidies

The state owned airline Qatar Airways revealed on Sunday that it had received a $1.95 billion lifeline from the Qatar government.

Sun, 27 Sep 2020 18:40:31 GMT

Qatar Airways reports losses

On Sunday, Qatar Airways announced a loss of $1.92 billion for the year ending March 31.

Sun, 27 Sep 2020 18:19:30 GMT

Kioxia scraps IPO

The Japanese chipmaker Kioxia Holdings announced on Sunday that it would cancel its plans for an initial public offering.

Sun, 27 Sep 2020 16:41:26 GMT

Chinese industry grows

On Sunday, data published by Chinese statisticians revealed that profits from industrial sector had continued to grow in August.

Sun, 27 Sep 2020 16:30:34 GMT

US tightens exports to China

The government of the United States announced on Sunday that it would impose restrictions on all exports to Chinese chip maker SMIC.

Sun, 27 Sep 2020 14:43:51 GMT

Tyler Tech reports hack

On Sunday, the software firm Tyler Technologies issued a warning that the company had been blackmailed with ransomware.

Sun, 27 Sep 2020 14:08:08 GMT

Nikola bought designs from third party

On Saturday, Financial Times revealed that the founder of Nikola Corporation acquired the company's original design from a Croatian designer.

Sun, 27 Sep 2020 12:40:58 GMT

Devon negotiates with WPX

Reuters revealed on Sunday that the US oil producer Devon is negotiating an acquisition deal with WPX Energy.

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