News

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Wed, 21 Nov 2018 09:04:23 GMT

British Columbia seeks eliminating non-EV sales by 2040

The Premier for British Columbia stated on Tuesday the government was set to introduce a legislation starting next year that would require all new vehicles sold by 2040 to be zero-emission or electric cars.

Wed, 21 Nov 2018 08:51:40 GMT

Instacart picks Instagram manager to bolster growth

On Tuesday, Instacart announced it had hired the Instagram manager, Bangaly Kaba, as the grocery delivery company aims to boost growth.

Wed, 21 Nov 2018 05:50:26 GMT

Kuwait Projects picks Goldman Sachs as adviser on sale

The largest investment firm in the Gulf state, Kuwait Projects, has selected Goldman Sachs as the adviser on its controlling stake sale in the pay-TV operator OSN.

Wed, 21 Nov 2018 05:50:12 GMT

Australia's Coles trading debut valued at $12.5B

On Wednesday, Australia's Coles Group has started trading at A$12.49, bringing the company the market value of A$17.27B and beating analysts' expectations.

Wed, 21 Nov 2018 05:34:05 GMT

Humana, Walgreens consider taking each other's stakes

The health insurer Humana and Walgreens Boots Alliance have entered preliminary talks to acquire each other's equity stakes, according to the Wall Street Journal.

Wed, 21 Nov 2018 05:32:42 GMT

Blackstone, Amazon to bid for Disney's 22 sports networks

The private equity group Blackstone and the US retailer Amazon.com are among bidders for the Walt Disney's 22 sports networks, including Yes Network that focuses on New York.

Wed, 21 Nov 2018 04:26:47 GMT

US banking sector reveals $62B profit in Q3

The US banking sector reported $62B in profits in the Q3, up 29.3% from the same period in 2017, according to the quarterly statament released by the FDIC.

Wed, 21 Nov 2018 04:23:55 GMT

CFPB fines Santander $11.8M over misleading insurance, loans

Santander Consumer USA is likely to pay $11.8M to settle claims that the company misled customers about the terms and cost of auto insurance and loans, the US consumer watchdog stated.

Wed, 21 Nov 2018 03:07:21 GMT

US business borrowing for equipment increases 6% in October

The US companies' borrowing to spend over capital investment grew 6% in October from a year before, as the firms signed up for $8.9B in new loans, the ELFA stated.

Wed, 21 Nov 2018 03:01:46 GMT

Noble Group hit by probe before closing $3.5B restructuring deal

Singapore's authorities were investigating Noble Group for suspected misleading and false statements, days before the Singapore-listed firm was to complete $3.5B worth debt restructuring deal to prevent its collapse.

Tue, 20 Nov 2018 20:57:53 GMT

UN appoints new UNAOC representative

The United Nations Secretary-General Antonio Guterres appointed Miguel Angel Moratinos Cuyaube as his representative for the UN Alliance of Civilizations.

Tue, 20 Nov 2018 20:56:52 GMT

WTO needs to restore ability to settle disputes

The World Trade Organization needs to restore its ability to settle disputes, the Chinese ambassador to the WTO Zhang Xiangchen says.

Tue, 20 Nov 2018 20:38:24 GMT

Russian GDP growth slows to 1.5% in nine months

Russia's GDP expanded 1.5% the first nine months of 2018, compared to the same period the previous year, Russia's Federal Statistics Service reports.

Tue, 20 Nov 2018 20:37:43 GMT

Abu Dhabi Crown Prince to visit France

The Crown Prince of Abu Dhabi and Deputy Supreme Commander of the UAE Armed Forces, Sheikh Mohamed bin Zayed Al Nahyan, will visit France on Wednesday to discuss bilateral cooperation.

Tue, 20 Nov 2018 18:44:53 GMT

Iran to overcome US sanctions

Iran vows to overcome US sanctions imposed after US withdrawal from the nuclear deal in May, the Iranian defence minister Amir Hatami says.

Tue, 20 Nov 2018 18:43:48 GMT

Czech PM meets with Chinese VP in Prague

The Czech Prime Minister Andrej Babis met with the Chinese Vice Premier Sun Chunlan in Prague to discuss bilateral ties.

Tue, 20 Nov 2018 18:08:13 GMT

US housing starts rise in October

US privately-owned housing starts increased 1.5% to 1.228M in October from the previous month, the US Department of Commerce reports.

Tue, 20 Nov 2018 18:07:24 GMT

China, Philippines to improve ties

China and the Philippines on Tuesday agreed to improve their ties in the framework of the Belt and Road Initiative, the Philippine President Rodrigo Duterte says.

Tue, 20 Nov 2018 17:29:10 GMT

US housing starts grow, though underlying trend remains weak

The US homebuilding rose in October due to a rebound in projects of multi-family housing, though single-family homes construction decreased for a second month in succession.

Tue, 20 Nov 2018 17:25:06 GMT

Russia's economy grows in October, consumption weakens

The economic growth of the Russian economy accelerated in October, owing to higher output in the industrial and agriculture sectors, the Economy Ministry stated, but other indicators revealed that growth remained patchy.

Tue, 20 Nov 2018 14:51:12 GMT

FedEx to add 1K electric delivery vans to fleet

FedEx is planning to expand its delivery fleet by adding extra 1K Chanje electric vans, as the company seeks cutting down on pollution and saving on fuel.

Tue, 20 Nov 2018 14:51:03 GMT

EU grants approval to Takeda on Shire acquisition

On Tuesday, the EU Commission has granted its approval to the $62B-worth takeover of the British firm Shire by Takeda Pharmaceutical on the Shire drug divestment conditions.

Tue, 20 Nov 2018 14:03:03 GMT

Poland joins other EU states, rejecting UN migration accord

On Tuesday, the Polish government decided to join the growing number of other European countries to reject the migration pact proposed by the United Nations.

Tue, 20 Nov 2018 13:57:03 GMT

Boeing halts airline call over 737 MAX systems

Boeing has cancelled its planned conference call with carriers over 737 MAX model systems, which crashed in Indonesia the previous month.

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