News

Note: This section contains information in English only.
Thu, 08 Oct 2020 19:42:22 GMT

Twitter, FB take down disinformation networks

Twitter and Facebook said in separate statements on Thursday that they had dismantled global array of disinformation networks.

Thu, 08 Oct 2020 18:47:37 GMT

SNC-Lavalin cuts Middle East exposure

The Canadian engineering firm SNC-Lavalin is cutting its exposure in the Middle East, the company's Chief Executive Officer Ian Edwards stated on Thursday.

Thu, 08 Oct 2020 17:52:19 GMT

Crude oil prices jump above $43

On Thursday, oil prices rose above $43 per barrel, after oil and gas workers were withdrawn from the US Gulf of Mexico supply facilities, as Hurricane Delta was predicted to intensify into Category 3 storm.

Thu, 08 Oct 2020 16:43:00 GMT

Morgan Stanley to acquire Eaton Vance

On Thursday, Morgan Stanley said it would acquire Eaton Vance in the cash-and-stock deal worth around $7B that could potentially expand Morgan's investment-management business as well as offerings to its retail investors.

Thu, 08 Oct 2020 15:40:57 GMT

Cisco signs up UK's BT for new service

Cisco signed up BT, the British largest telecoms group, as the company's first customer for its new service, seeking to bolster internet video traffic via its networks due to higher demand for video streaming.

Thu, 08 Oct 2020 14:50:26 GMT

IBM to split itself in two public firms

International Business Machines has made a decision to split the giant into two public firms, with the IT infrastructure services division to be listed as a separate company by 2021-end and granted with a new name.

Thu, 08 Oct 2020 14:10:30 GMT

US jobless claims fall last week

Initial claims for US unemployment benefits fell to 840K last week, compared with the upwardly revised reading of 849K in the previous week, according to the Labor Department's report on Thursday.

Thu, 08 Oct 2020 13:23:11 GMT

O2-Virgin deal to face regulator review

The UK competition regulator is set to review Virgin Media and Telefonica's O2 merger instead of Brussels due to potential impact on consumers in Britain and after the Brexit.

Thu, 08 Oct 2020 11:46:01 GMT

EU's Web Summit to be held fully online

The European largest technology conference Web Summit will go fully online in December amid the coronavirus pandemic, which has caused the postponement or cancellation of many events this year.

Thu, 08 Oct 2020 10:54:34 GMT

Tesla to plans using new batteries & tech at Berlin plant

Tesla's CEO Elon Musk stated the carmaker was set to manufacture its Model Y vehicle with new technology design and structural battery at the Berlin factory in 2021.

Thu, 08 Oct 2020 09:48:13 GMT

Oil prices fluctuate above $40

On Thursday, crude oil price benchmarks fluctuated near the $42 level, as output shutdowns in the US caused a minor surge.

Thu, 08 Oct 2020 08:42:15 GMT

Hyundai recalls Kona electric vehicles

Hyundai Motor is planning a recall of its Kona electric cars over faulty high-voltage battery cells that could potentially pose fire risk.

Thu, 08 Oct 2020 07:49:30 GMT

Danske Bank to slash 1,6K jobs

On Thursday, Danske Bank announced it would trim about 1,6K jobs within the following 6-12 months amid its 2023 cost-cutting plans.

Thu, 08 Oct 2020 06:45:22 GMT

Microsoft aims at resolving 365 services issues

Microsoft Corp stated that its recent change is likely the reason for the 365 services accessibility issues, including Outlook and Teams.

Thu, 08 Oct 2020 06:32:23 GMT

EasyJet to report $1.0B annual loss

The UK airline easyJet will release a report of more than $1.0B loss in the last financial year caused by the coronavirus pandemic, adding the carrier continues to review finances due to travel remaining subdued.

Thu, 08 Oct 2020 04:41:27 GMT

Lithuania blocks EU funding to Belarus

Lithuania blocked €5.8M in payments to Belarus for a cross-border development programme funded by the EU, fearing the funds could be misused, the Lithuanian government stated.

Thu, 08 Oct 2020 04:32:37 GMT

Sachem Head takes $1.2B stake in Elanco

Sachem Head announced that it took a $1.2B stake in Elanco and plans to make changes at the medicine's maker.

Thu, 08 Oct 2020 03:29:02 GMT

Miniso Group to get up to $562.4M in IPO

Tencent-backed retailer Miniso Group Holding was looking to raise up to $562.4M in its IPO in the US, a regulatory filing revealed.

Wed, 07 Oct 2020 21:05:27 GMT

TCS considers up to $2.18B buyback

Tata Consultancy Services said that it is considering a buyback of shares worth up to $2.18B, as legal fees related to the US lawsuit hit profit.

Wed, 07 Oct 2020 19:46:37 GMT

World Bank comments on poverty

The World Bank announced on Wednesday that almost 150 million could be pushed into extreme poverty due to the coronavirus.

Wed, 07 Oct 2020 19:00:01 GMT

Tesla's memo is leaked

On Wednesday, a memo from Tesla was leaked. The memo revealed that the company could produce a total of half a million cars in 2020.

Wed, 07 Oct 2020 17:44:06 GMT

Takeaway.com's Grubhub purchase gets approval

On Wednesday, Just Eat Takeaway.com shareholders have granted their approval for the proposed $7.3B worth acquisition of the American rival GrubHub.

Wed, 07 Oct 2020 16:43:28 GMT

Gazprom faces $7.6B fine over Nord Stream 2

Russia's Gazprom is facing a fine worth over $7.6B from Polish regulator for its gas pipeline "Nord Stream 2" building without the approval of Warsaw, it reported on Wednesday.

Wed, 07 Oct 2020 16:10:53 GMT

New Tesco head backs current strategy

The new boss of the UK largest retailer by sales Tesco decided to stick with his predecessor's strategy, despite a fall in the company's H1 core profit amid losses caused by the pandemic.

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