News

Note: This section contains information in English only.
Fri, 23 Mar 2018 19:17:20 GMT

EU plans tougher laws for Google and Facebook

EU is planning to introduce harsher customer laws for social networks and email providers like Google in the wake of the recent Facebook data protection scandal.

Fri, 23 Mar 2018 19:00:49 GMT

Car manufacturers launch online car recall tool

The US Alliance of Automobile Manufacturers has launched an online tool that will let car owners, regulators and insurance providers to search for unfixed recalls.

Fri, 23 Mar 2018 18:29:23 GMT

Huawei reshuffles its board of directors

On Friday, Chinese telecommunications giant Huawei Technologies claimed that it has reshuffled its board of directors for the first time since 2012, following rumors about Huawei's founder retirement.

Fri, 23 Mar 2018 18:20:50 GMT

Qualcomm re-elects its board directors

On Friday, shareholders of the US chipmaker giant Qualcomm re-elected ten board directors, with some of them receiving support in more than 50% range, a source familiar with the issue reported.

Fri, 23 Mar 2018 17:03:49 GMT

Canada's January core retail sales hit forecast

Statistics Canada reported on Friday that the country's core retail sales grew 0.9% over the month of January, in line with expectations.

Fri, 23 Mar 2018 17:03:31 GMT

New US residential sales come in lower than expected

Data released by the Census Bureau showed that new US residential sales came in at an annual rate of 618K, missing expectations for a 621K pace.

Fri, 23 Mar 2018 16:23:30 GMT

US durable goods orders soar 3.1% in February

The Census Bureau reported on Friday that the US-made durable goods orders surged 3.1% in February, following a 3.6% drop registered in the preceding month.

Fri, 23 Mar 2018 16:22:16 GMT

Canadian February CPI tops forecasts

According to the data released by Statistics Canada, the state's CPI grew 0.6% over the course of February, topping analysts' expectations for a 0.4% uptick.

Fri, 23 Mar 2018 15:21:37 GMT

Carrefour ties up with Google on voice assistant development

Carrefour stated on Friday it had cooperated with Google to develop an online voice assistant "Lea" to battle its rival US retailer Amazon.

Fri, 23 Mar 2018 15:10:52 GMT

Tencent shares drop after Naspers lowers its stake

Shares in Tencent plunged over 4% on Friday, after its biggest shareholder Naspers had reduced its stake for the first time in almost 20 years; a move that caused a $51B loss in the company's market value in two days.

Fri, 23 Mar 2018 14:35:58 GMT

US House panel calls on Zuckerberg to testify over user data

The US House Energy and Commerce Committee called on Facebook's CEO Mark Zuckerberg to testify on the social media platform's use of personal data.

Fri, 23 Mar 2018 14:28:45 GMT

Parliament of Italy holds initial meeting after election

On Friday, Italy's Parliament gathered for a meeting for the first time since the government had held national election in the beginning of March, which resulted in no clear majority.

Fri, 23 Mar 2018 13:32:40 GMT

Ireland picks investment firms to manage Apple's taxes

On Friday, Ireland has chosen Goldman Sachs Management, VlackRock Investment Management and Amundi to manage around $18.5B in disputed Apple taxes, which Brussels collects from the tech giant.

Fri, 23 Mar 2018 13:22:15 GMT

Kroger, Target in talks on possible merger

The grocery chain Kroger is in talks with the department store operator Target over possible merger, according to the Fast Company magazine's report on Friday.

Fri, 23 Mar 2018 11:51:17 GMT

China criticises US for navy operation in South China Sea

The Chinese Defence Ministry condemned the United States on Friday for carrying out navy operations in the disputed South China Sea, which were not discussed with China.

Fri, 23 Mar 2018 11:51:08 GMT

Ukraine seeks buying helicopters from France

Ukraine is planning to clinch a deal with France to buy helicopters, the Ukrainian and French Foreign Minister Pavlo Klimkin and Jean-Yves Le Drain stated at a joint briefing in Kiev.

Fri, 23 Mar 2018 11:05:16 GMT

South Korea, Vietnam to boost bilateral trade to $100B by 2020

South Korea and Vietnam have agreed to increase their bilateral trade by 50% during the following two years to $100B.

Fri, 23 Mar 2018 10:59:38 GMT

Nissan expects 1M sold EVs annually by 2022

The Japanese car manufacturer Nissan Motor Co plans to sell 1M electric vehicles every year by 2022, thus seeing a six-fold increase from the number of units sold in 2017.

Fri, 23 Mar 2018 10:29:44 GMT

Israel's eToro attracts $100M in private funding

The Israeli social trading firm eToro raised $100M in private funding, bringing the total of funds raised to $162M, while the investment round had been led by China Minsheng Financial.

Fri, 23 Mar 2018 10:22:36 GMT

Congress votes to approve $1.3-trillion spending bill

The President Donald Trump is seen to sign a $1.3-trillion funding bill that implies a surge in non-defence and military spending into a law, after the US Congress has approved it early on Friday.

Fri, 23 Mar 2018 09:35:27 GMT

Toshiba may turn to IPO amid chip unit sale deadline

The Japanese company Toshiba is likely to seek alternatives such as IPO, as there is a high possibility to miss the Friday deadline on winning the China's antitrust approval for selling its $18B chip unit.

Fri, 23 Mar 2018 08:36:52 GMT

EU, Britain making progress in Brexit negotiations

On Friday, the British Prime Minister Theresa May stated that Britain and the EU bloc had made a significant progress in the Brexit talks, seeking for negotiations on future economic partnership.

Fri, 23 Mar 2018 08:33:43 GMT

Steve Wynn disposes his 11.8% stake, leaving Wynn Resorts

The former Wynn Resorts CEO Steve Wynn sold his 11.8% stake in the company for $2.1B in a dramatic casino and hotel enterprise exit.

Fri, 23 Mar 2018 07:36:27 GMT

Top China diplomat Yang travels to South Africa

China's senior diplomat Yang Jiechi is set to arrive in South Africa this week, first trip by a Chinese official after its government's reshuffle, according to the Chinese Foreign Ministry.

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