News

Note: This section contains information in English only.
Sun, 11 Oct 2020 14:27:14 GMT

Johnson: UK to explore every avenue for EU deal

The UK is set to seek every avenue for the trade agreement with the EU, though but progress to bridge gaps needs to be made in the coming days, Britain's PM Boris Johnson stated.

Sun, 11 Oct 2020 13:28:33 GMT

Audi sees weaker sales despite strong Q3

German carmaker Volkswagen's Audi unit announced expectations for lower sales this year despite strong results in the Q3, Automobilwoche cited the head of the division.

Sun, 11 Oct 2020 12:28:30 GMT

Nissan Chinese sales up 5.1% year-over-year

Japan's automaker Nissan Motor reported that its sales in China grew 5.1% in September from a year earlier, to 141.5K vehicles.

Sun, 11 Oct 2020 11:35:55 GMT

Virgin Orbit seeks $1B valuation

According to the Wall Street Journal, Virgin Orbit, satellite-launch company, is considering raising $200M funding that could result in a $1B ultiimate company valuation.

Sun, 11 Oct 2020 10:20:55 GMT

ECB's Visco calls for more transparency

Ignazio Visco, the ECB board member, stated on Sunday that the Bank must clearly define an inflation target and make opinions on this matter available to public.

Sun, 11 Oct 2020 07:42:25 GMT

Egypt's 3.7% inflation to trigger IMF advice

Egypt's headline inflation of 3.7% potentially triggered consultations with the IMF under the agreement that could lead to lower interest rates.

Sun, 11 Oct 2020 07:25:32 GMT

Oi initiates buyout program for up to 2K workers

Brazilian telecom Oi announced a buyout program that is expected to result in up to 2K workers, or 15% of its workforce, leaving the firm.

Sun, 11 Oct 2020 06:21:26 GMT

Duke Energy increases capital spending

The US utility Duke Energy announced plans of $2B spending increase this decade, as the company ramps up efforts to cut greenhouse gas emissions.

Sun, 11 Oct 2020 04:41:16 GMT

Suzuki Motor to add microplastic collection devices

Suzuki Motor is set to launch the device for outboard engines to collect microplastics next year, with marine plastic pollution getting a growing environmental issue.

Sun, 11 Oct 2020 04:13:00 GMT

Tim Hortons' expansion to create 2K jobs in UK

Tim Hortons announced plans for expansion in Britain, which would create 2K jobs in the country, hoping to capitalise on higher demand for drive-through dining.

Sun, 11 Oct 2020 03:40:34 GMT

AECOM to coordinate nuclear reactor project

The US construction and engineering company AECOM is set to lead an $8B project to add two reactors at Romanian nuclear power plant and refurbish one of the existing units.

Sat, 10 Oct 2020 21:02:49 GMT

Audi's Mexico plant remains open

A Mexican auto plant owned by Audi remained open and did not close after a dispute on unpaid bills that the company denies, an official with the firm told Reuters.

Sat, 10 Oct 2020 19:44:59 GMT

Pelosi slams Trump's stimulus proposal

The House Speaker Nancy Pelosi called on Saturday the $1.8T economic stimulus proposal made by the Trump administration "one step forward, two steps back".

Sat, 10 Oct 2020 19:41:50 GMT

Air Canada drives down Transat buyout price

Calin Rovinescu, the CEO of Air Canada, stated on Saturday that because of the coronavirus pandemic the value of the Transat buyout deal dropped to C$188.7M from of the previously estimated C$720 million.

Sat, 10 Oct 2020 18:37:17 GMT

Operations in Gulf of Mexico stops

According to the US Department of Interior, an absolute majority of the Gulf of Mexico oil producers have stopped all works because of the Delta hurricane.

Sat, 10 Oct 2020 17:29:16 GMT

Fenway Sports to go public with RedBall

Boston Red Sox owner was in talks with RedBall to take his sports holding firm Fenway Sports Group public, sources familiar with the matter said.

Sat, 10 Oct 2020 16:29:34 GMT

Scottish Power to serve Tonik Energy's customers

The UK energy regulator Ofgem appointed gas and electricity firm Scottish Power to take over supplying defunct firm Tonik Energy's 130K domestic customers.

Sat, 10 Oct 2020 15:20:54 GMT

Italy to proceed with Alitalia nationalisation

Italy approved the setting up of a new firm to house the assets of troubled airline Alitalia, as the government moved forward with a plan to nationalise the company.

Sat, 10 Oct 2020 14:11:29 GMT

Argentina's GDP to drop 11.8% this year

Argentina's economy is expected to contract 11.8% this year, compared with a prior estimate of 12.1% fall, the Central Bank survey revealed.

Sat, 10 Oct 2020 13:09:40 GMT

Enel to launch digital banking service

Italy's Enel is set to be the first of Europe's utilities to launch its new digital banking services, which will allow customers to open an account to pay energy bills.

Sat, 10 Oct 2020 12:37:46 GMT

Enel to launch digital banking service

Italy's Enel announced on Saturday the launch of its new digital banking services enabling customers to open accounts for paying utilities bills, the first in Europe to do so.

Sat, 10 Oct 2020 11:18:59 GMT

China to massively invest in power grids

According to the Xinhua News Agency, the Chinese government is planning to invest nearly $900B in next five years to build and upgrade the country's power grids.

Sat, 10 Oct 2020 09:55:30 GMT

Daimler stands for car charging

The head of the Works Council at Daimler, Michael Brecht, stated on Saturday that the EU lawmakers must lobby development of infrastructure for electric car charging as strongly as possible to reduce harmful emissions.

Sat, 10 Oct 2020 08:42:12 GMT

Frederique Constant sess 25% sales drop

Swiss watch brand Frederique Constant, owned by Japan's Citizen Watch, was hoping to limit the decline in sales to 25% in 2020, as September business almost recovered.

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