News

Note: This section contains information in English only.
Mon, 10 Dec 2018 10:45:29 GMT

Austrian retailers file a complaint against Amazon

Various retailer in Austria have filed an official complaint against Amazon. The Austrian Federal Competition Authority only commented that the complaint is being examined.

Mon, 10 Dec 2018 10:44:40 GMT

Huawei CFO hearing continues

On Monday, the hearing of the detained Huawei CFO in Canada resumed. Meanwhile, Chinese officials were increasing pressure on Canada to release the CFO.

Mon, 10 Dec 2018 10:06:50 GMT

Daniel O'Day becomes Gilead Sciences CEO

Daniel O'Day, the head of Roche Holding AG's pharmaceuticals business, became the new CEO of drug manufacturer Gilead Sciences Inc.

Mon, 10 Dec 2018 10:02:29 GMT

Euro Zone investors' confidence drops to four-year minimum

According to survey data published on Monday, the Euro Zone investors' sentiment dropped from 8.8 in November to -0.3 in December, thus reaching a four-year low.

Mon, 10 Dec 2018 09:32:28 GMT

No deal Brexit to cost Netherlands $2.6B

The Dutch Court of Audit stated on Monday that in case Britain withdraws from the European Union without a final deal, it will cost the country at least $2.6B in the following five years.

Mon, 10 Dec 2018 09:22:45 GMT

Israel joins FATF

The Justice Ministry of Israel announced on Monday that the country became a full member of the anti money laundering and anti terrorism funding international body Financial Action Task Force (FATF).

Mon, 10 Dec 2018 05:53:47 GMT

China's Megvii to attract $500M at $3.5B valuation

China's artificial intelligence start-up Megvii is planning to raise $500M in a new round of funding, pegging the company's current valuation at $3.5B, sources close to the matter reported.

Mon, 10 Dec 2018 05:53:34 GMT

China's Tianqi CEO sees stake deal with Chile's SQM right for both firms

China's Tianqi Lithium CEO is believing that investing in the Chilean lithium miner SQM is good for both the companies and could bring some "long-term benefits", despite the local anti-trust regulators set strict conditions for the deal.

Mon, 10 Dec 2018 05:38:21 GMT

Washington sets March 1 as deadline for trade deal with Beijing

On Sunday, Robert Lighthizer, the US Trade Representative, stated that March 1 was set as the "hard deadline" for reaching an agreement in the US-China trade negotiations.

Mon, 10 Dec 2018 05:33:23 GMT

Roche executive O'Day to become new Gilead Sciences CEO

The drugmaker Gilead Sciences is set to appoint Daniel O'Day, the executive of Roche Holding AG, as the company's new CEO with the official announcement expected to be made on Monday.

Mon, 10 Dec 2018 04:27:29 GMT

Egypt approves BP purchase of 25 percent of Nour gas concession

BP and UAE-based Mubadala Investment are set to purchase stakes in the Nour deepwater gas concession of the northern coast of Sinai after approval by the Egyptian Petroleum Ministry.

Mon, 10 Dec 2018 04:23:50 GMT

Interserve negotiates debt conversion to new equity

The UK outsourcing firm Interserve stated that it was in talks with lenders over a plan of debt reduction, which is likely to include converting a significant part of its debt into equity.

Mon, 10 Dec 2018 03:34:24 GMT

Alibaba to control film unit Alibaba Pictures

Alibaba Group Holding stated on Monday that it is set to increase the stake in Hong Kong-listed Alibaba Pictures to 51%, taking control of the film unit's board.

Mon, 10 Dec 2018 03:28:48 GMT

Japanese GDP contracts strongly in Q3

Japan's economy contracted the most in more than four years in the Q3, as capital expenditure fell, raising concerns over domestic and overseas demand amid trade war.

Sun, 09 Dec 2018 21:23:00 GMT

Switzerland postpones signing treaty with EU

The Swiss government stated on Saturday it needed more political consultations in order to sign a treaty concerning relations with the European Union.

Sun, 09 Dec 2018 21:17:51 GMT

Chile refuses to sign UN pact on migration

The Chile's Interior Ministry Subsecretary Rodrigo Ubilla said on Sunday that the government would not sign controversial UN pact, noting "migration is not a human right".

Sun, 09 Dec 2018 20:24:26 GMT

Le Drian asks Trump to stay away from French affairs

The Foreign Minister of France Jean-Yves Le Drian stated on Sunday that the United States must not interfere in the country's internal affairs.

Sun, 09 Dec 2018 20:20:59 GMT

Macron to comment protests in Paris tomorrow

The President of France Emmanuel Macron will address the nation tomorrow regarding anti-government protests, which continues for the fourth consecutive weekend, the Elysee palace stated on Sunday.

Sun, 09 Dec 2018 19:20:30 GMT

Hungary to reject new global compact of UN over refugees

After rejecting the UN's global compact over migration, Hungary is set to reject the global compact of UN over refugees, as it may encourage the emergence of new dangerous migration flows.

Sun, 09 Dec 2018 19:18:42 GMT

Belgian PM forms new government

On Sunday, the Prime Minister of Belgium Charles Michel was forced to relaunch his government, as the Flemish N-VA left coalition amid tensions related to signing the UN document on migration.

Sun, 09 Dec 2018 18:19:09 GMT

Saudi refuse to extradite suspects in Khashoggi murder

The Foreign Minister of Saudi Arabia Adel Al-Jubeir stated on Sunday that his country would not extradite its citizens, including suspects in the Khashoggi case.

Sun, 09 Dec 2018 18:15:44 GMT

World Bank gives Egypt $1B loan

The World Bank has agreed to provide a $1B loan to Egypt in order to support its private sector, the World Bank Vice President Ferid Belhaj said on Sunday.

Sun, 09 Dec 2018 17:04:42 GMT

Jordan to withdraw controversial cybercrimes law

On Sunday, the Jordan governments spokesman Jumana Ghunaimat said that the country would withdraw the controversial cybercrimes bill, submitted to Jordan's Parliament.

Sun, 09 Dec 2018 17:03:18 GMT

Macron plans to meet employers' organisations and trade unions

According to a source in an Elysee Palace, the French President Emmanuel Macron hold a meeting with representatives of employers' organisations and the French trade unions.

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