News

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Wed, 10 Oct 2018 07:34:41 GMT

Npower, SSE get regulatory approval to merge their retail units

On Wednesday, Innogy SE's Npower and the British energy supplier SSE have won a regulatory approval to tie up their retail units, seeking to create Britain's second-biggest retail power provider.

Wed, 10 Oct 2018 05:39:40 GMT

Chinese Airbnb rival Xiaozhu.com raises $300M

On Wednesday, Chinese short-term rental platform Xiaozhu.com has raised nearly $300M in the latest funding round led by Yunfeng Capital, an investment company of Alibaba's founder Jack Ma.

Wed, 10 Oct 2018 05:34:40 GMT

IMF says trade tensions lead to financial stability risks

On Wednesday, the International Monetary Fund claimed that trade tensions have resulted in a growth of financial stability risks and could increase even more sharply if pressure on emerging markets escalates.

Wed, 10 Oct 2018 04:36:58 GMT

Huawei unveils two new AI powered chips to boost cloud computing business

On Wednesday, Chinese Huawei, the largest manufacturer of telecom equipment in the world, unveiled two AI powered chips to boost the company's cloud business.

Wed, 10 Oct 2018 04:35:50 GMT

Oil prices drop as IMF lowers global growth forecast

On Wednesday, the oil prices on the market edged lower because of the economic forecast of the International Monetary Fund, predicting decrease in a global growth in 2018 and 2019.

Wed, 10 Oct 2018 02:51:17 GMT

Japanese SoftBank in talks to buy majority stake in WeWork

On Tuesday, the Wall Street Journal reported that Japanese SoftBank is in talks to buy the major stake in WeWork COS, a company providing office spaces.

Wed, 10 Oct 2018 02:51:03 GMT

IMF: global debt is growing

On Wednesday, the International Monetary Fund claimed that a global debt has reached $182T in 2017, growing by 50% in comparison with a previous decade.

Wed, 10 Oct 2018 02:34:33 GMT

OECD: rising debt of SOEs in Indonesia could result in fiscal risks

On Tuesday, the Organisation for Economic Cooperation and Development claimed that a rising debt of Indonesian companies owned by the state could indirectly result in fiscal risks for the Indonesian government.

Wed, 10 Oct 2018 02:29:07 GMT

EU agrees to cut cars' CO2 by 30% by 2025

On Tuesday, the EU agreed to cut cars' emissions by 30% by 2025, voicing the concerns of the EU regarding global warming, although adding that such emissions cut could result in risks for car manufacturing industry.

Tue, 09 Oct 2018 20:36:59 GMT

Procter & Gamble gets steel tariffs exemption for its products

On Tuesday, FMCG corporation Procter & Gamble Co was informed that it has been exempted from the 25% US tariffs on imported steel which is used for its Venus and Gillette razor blades. 

Tue, 09 Oct 2018 20:33:20 GMT

Trump considers former White House advisor as ambassador to UN

On Tuesday, the US President Donald Trump claimed that he would consider the former White House advisor and Goldman Sachs executive Dina Powell as the US ambassador to the UN.

Tue, 09 Oct 2018 19:37:57 GMT

Dow Jones: EU and UK could agree on Brexit by Monday

On Tuesday, the Dow Jones reported that the UK and the EU could possibly agree on the departure of the UK from the alliance in the next year by Monday next week. 

Tue, 09 Oct 2018 19:34:50 GMT

Trump confirms plans on second US-North Korea summit

On Tuesday, the President of the US Donald Trump claimed that he is planning to hold a second summit between him and the leader of North Korea Kim Jong Un.

Tue, 09 Oct 2018 18:36:10 GMT

Syria and Russia discuss reconstruction of Syrian gas and oil assets

On Monday, the Energy Minister of Russia Alexander Novak claimed that Syria and Russia have discussed a possible reconstruction of oil and gas infrastructure and facilities in Syria.

Tue, 09 Oct 2018 18:32:26 GMT

Macron to campaign for stricter antitrust rules

On Monday, the President of France Emmanuel Macron claimed that he would campaign for making the European anti-monopoly rules stricter in the next year's European Parliament elections.

Tue, 09 Oct 2018 17:21:18 GMT

Volkswagen sales decrease amid new exhaust systems regulations' introduction

Germany's carmaker Volkswagen's sales dropped in September due to the new exhaust systems rules' introduction, the Wolfsburg-based firm announced.

Tue, 09 Oct 2018 17:20:35 GMT

German exports to UK can halve by Brexit

German exports to Britain are likely to fall up to 57%, resulting from the UK withdrawal from the EU, the German Economic Institute's study revealed.

Tue, 09 Oct 2018 15:56:44 GMT

Portugal anticipates 2.2% growth in 2019

Portugal's government anticipated the economy to expand 2.2% in 2019 and the budget to reach the balance, a lawmaker stated after meeting the Finance Minister.

Tue, 09 Oct 2018 15:56:13 GMT

Ireland to raise betting tax to 2%

Paschal Donohoe, the Finance Minister of Ireland, announced plans to double the country's betting tax to 2%, which would take effect from January 2019.

Tue, 09 Oct 2018 15:01:54 GMT

Ford tap into EV in Germany amid diesel bans loom

Ford was building an electric van for delivery in Europe using Deutsche Post's technology start-up StreetScooter, as Germany's cities clamp down on emissions.

Tue, 09 Oct 2018 15:00:01 GMT

Poland to withdraw from UN migration pact

The interior minister of Poland was recommending Warsaw to quit the UN migration pact before the final approval, as it likely to encourage illegal migrants, the Ministry stated.

Tue, 09 Oct 2018 13:57:44 GMT

Microsoft plans investment into Southeast Asia's Grab

Microsoft Corp will invest into the Southeast Asian ride-sharing company Grab on the back of the companies' partnership that allows collaborating on technology projects, such as artificial intelligence and big data.

Tue, 09 Oct 2018 13:52:03 GMT

WhatsApp sets up system to store data in line with India's rules

WhatsApp has set up a system to comply with the Indian payments data storage norms, as the central bank urged to store all the personal data locally.

Tue, 09 Oct 2018 13:08:26 GMT

Qualcomm expands its board with new members

Qualcomm is expanding the company's board with the appointment of two new members, Lam Research Corp's CEO Martin Anstice and Mondelez International's ex-CEO Irene Rosenfeld, bringing the total number of the board to 14 people.

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