News

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Sat, 14 Sep 2019 11:31:19 GMT

US House panel demands Big Tech groups for emails

On Friday, the US House of Representatives panel demanded top executives of Google, Facebook, Apple and Amazon.com to provide detailed financial information, internal emails, and other firms records amid the antitrust probe into Big Tech.

Sat, 14 Sep 2019 10:01:30 GMT

Facebook fact-checker accuses UK's Tory Party of misleading ads

Facebook fact-checker said on Friday that the UK Conservative Party ran ads with altered BBC News headline on its social media platform.

Sat, 14 Sep 2019 09:01:11 GMT

Germany to block Facebook's Libra

According to Der Spiegel magazine report, the German authority is against giving approval for Facebook's cryptocurrency Libra in the EU.

Sat, 14 Sep 2019 08:33:34 GMT

Japan Display in talks with Harvest Tech

Japan Display Inc stated on Friday that it has started negotiations with the Chinese Harvest Tech that could prevent the closure of its factory in Ishikawa Prefecture.

Sat, 14 Sep 2019 07:26:44 GMT

China expands tariff exemption list

The Customs Tariff Commission of China announced on Saturday that it has added pork and soybeans to the list of the US product exempted from additional tariffs.

Sat, 14 Sep 2019 06:31:26 GMT

China reports growth of foreign patent applications

The National Intellectual Property Administration of China reported on Saturday an increase in the number of patent applications made from abroad in result of adoption of stricter intellectual property rights laws.

Sat, 14 Sep 2019 05:27:28 GMT

Bob Iger quits from Apple board

The Walt Disney Co CEO Bob Iger has quit the board of directors of Apple Inc as two enterprises prepared to compete in the streaming television business.

Sat, 14 Sep 2019 04:32:16 GMT

S&P doubts Mexican government's growth forecast

The credit rating agency S&P stated on Saturday that 1.5%-2.5% growth rate forecasts of the Mexican government for 2020 were too optimistic.

Sat, 14 Sep 2019 02:50:48 GMT

UPS agrees to pay $8.4M to resolve overcharging investigation

According to the US Justice Department, UPS Inc has reached an $8.4 million settlement to resolve the United States overcharging allegations.

Sat, 14 Sep 2019 01:56:31 GMT

UAW leaders implicated in spreading corruption and embezzlement

According to a source with knowledge of the matter, Gary Jones, the President of United Auto Workers and his predecessor, are implicated in spreading corruption and embezzlement investigation.

Fri, 13 Sep 2019 19:52:48 GMT

Germany to block Facebook's Libra

According to Der Spiegel magazine report, the German authority is against giving approval for Facebook's cryptocurrency Libra in the EU.

Fri, 13 Sep 2019 18:52:53 GMT

UPS agrees to pay $8.4M to resolve overcharging investigation

According to the US Justice Department, UPS Inc has reached an $8.4 million settlement to resolve the United States overcharging allegations.

Fri, 13 Sep 2019 18:05:12 GMT

UAW leaders implicated in spreading corruption and embezzlement

According to a source with knowledge of the matter, Gary Jones, the President of United Auto Workers and his predecessor, are implicated in spreading corruption and embezzlement investigation.

Fri, 13 Sep 2019 16:48:22 GMT

Germany and France decide to block Facebook's Libra

Germany and France have agreed on Friday to block Facebook's cryptocurrency Libra, claiming the virtual currency must not be allowed to operate in Europe amid persistent financial risk and concerns persist about the sovereignty of nations.

Fri, 13 Sep 2019 16:20:34 GMT

Tencent bids for China's Bitauto with JD support

Tencent Holdings and its PE partner Hammer Capital made a buy-out offer for the Chinese car website Bitauto Holdings worth $16 for a share, valuing the firm at less than $1.2B.

Fri, 13 Sep 2019 15:08:27 GMT

WeWork reduces CEO's voting powers amid IPO

The We Company, the owner of WeWork, has diminished the voting power of its CEO and founder Adam Neumann amid changes in its corporate governance deemed to boost demand for its planned IPO.

Fri, 13 Sep 2019 14:21:19 GMT

PG&E reaches $11B settlement agreement on wildfire claims

On Friday, the PG&E Corp power producer stated it had reached an $11.0B settlement agreement with the units representing around 85% of the insurance subrogation claims related to 2017-2018 wildfires.

Fri, 13 Sep 2019 13:38:12 GMT

LSE drops Hong Kong's $39B takeover offer

On Friday, the London Stock Exchange flatly rejected the $39B takeover offer made by Hong Kong bourse, choosing to stick with the planned purchase of Refinitv, the data and analytics group.

Fri, 13 Sep 2019 11:49:28 GMT

Toyota starts using Tesla-style batteries for China hybrids

Toyota Motor Corp is now using Tesla-style cylindrical batteries, made by Panasonic Corp, for its plug-in China hybrids, such as new Corolla and Corolla sedans, according to Reuters.

Fri, 13 Sep 2019 11:06:58 GMT

IKEA takes 80% stake in Vestas wind farms

The owner of the majority of IKEA stores, Ingka Group, announced on Friday it was set to acquire 80% stake in the Romanian wind farms currently owned by Vestas, the wind turbine maker, in a deal worth $151M.

Fri, 13 Sep 2019 10:12:56 GMT

France calls on EU to create rules on cryptocurrencies

France's Finance Minister stated on Friday that the European Union must create a set of rules on cryptocurrencies, which are currently unregulated in the EU bloc, due to a necessity to counter possible risks posed by the Facebook-made virtual currency Libra.

Fri, 13 Sep 2019 09:33:10 GMT

Nestle institute seeks to create packaging of future

Nestle's research institute ai8ms to develop the packaging of the future for its products, which would be more environmentally friendly, after the environmental group Greenpeace identified the company as one of the largest plastic waste producers.

Fri, 13 Sep 2019 08:05:11 GMT

Philippines' AllHome triggers $348M worth IPO

On Friday, Philippines' AllHome Corp has launched an initial public offering worth up to $348M as the activity of the Southeast Asia market picks up from the prior year's depressed levels.

Fri, 13 Sep 2019 06:46:45 GMT

SSE set for energy services business sale in £500M deal

The US energy provider SSE announced on Friday it agreed for a sale of its SSE Energy Services unit to OVO Energy Limited, with the business value of £500M.

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