News

Note: This section contains information in English only.
Tue, 19 Dec 2017 15:22:15 GMT

Air Berlin repays over €40M of bridge loan

The collapsed carrier Air Berlin repaid over €40M out of a €150M bridge loan it had received from Germany's government after the airline filed for insolvency about four months ago.

Tue, 19 Dec 2017 14:34:28 GMT

Steinhoff appoints acting CEO ahead of lender meeting

On Tuesday, the South African company Steinhoff named Danie van der Merwe as its acting CEO ahead of the lender meeting, following the conglomerate's accounting scandal.

Tue, 19 Dec 2017 14:27:34 GMT

UPS makes pre-order of 125 Tesla Semis

United Parcel Service announced on Tuesday it had made a pre-order of 125 Tesla electric semi-trucks, as the package delivery service sought for alternative-fuel vehicles.

Tue, 19 Dec 2017 13:34:12 GMT

Russian, Japanese, US astronauts arrive at ISS

The astronaut crew of the United States, Japan and Russia arrived on Tuesday at the International Space Station, after docking their Soyuz spacecraft around 4000 km above the Earth.

Tue, 19 Dec 2017 13:28:03 GMT

JACK sells Qdoba Restaurant unit for $305M

Jack in the Box stated on Tuesday it was selling its Qdoba Restaurant unit to funds that were affiliated with Apollo Global Management for around $305M cash.

Tue, 19 Dec 2017 12:28:31 GMT

Hyundai Motor's labour union agrees on trial wage deal

South Korea's carmaker Hyundai Motor stated on Tuesday its labour union had agreed on a tentative wage deal that would resolve some lingering disagreements in the firm over wage increases.

Tue, 19 Dec 2017 12:11:24 GMT

WhatsApp to face fine over data sharing issue

The messaging app WhatsApp may face fine, in case it does not fulfil the conditions of an order over bringing its user data sharing with Facebook in line with France's privacy law.

Tue, 19 Dec 2017 11:18:58 GMT

Italy to introduce 3% web tax on digital services

On Tuesday, Italy's budget commission has approved a rule that obliges web companies such as Google, Apple and Amazon, to pay a 3% tax on the Internet transactions, which are made in Italy.

Tue, 19 Dec 2017 11:00:43 GMT

Germany accuses Facebook of dominant position abuse

The German Federal Cartel Office accused Facebook of abusing its dominant position in the market and collecting third-party data on social media's users, the findings of the 20-month probe showed.

Tue, 19 Dec 2017 10:31:32 GMT

Greenyard aims to buy Dole Food

The Belgian grocery company Greenyard NV is in advanced talks to acquire the world's biggest vegetable and fruit producer Dole Food Company that might be valued at over $2.5B, including debt.

Tue, 19 Dec 2017 10:21:12 GMT

Uber's rival Didi seeks to break into Taiwanese market

The Chinese ride-hailing service Didi Chuxing is planning to enter Taiwan market through a domestic franchise partner, amid company's intention to expand across waters.

Tue, 19 Dec 2017 09:33:52 GMT

US: North Korea to blame for 'WannaCry' cyber attack

The United States officially blamed North Korea for releasing ‘WannaCry' cyber attack that hit banks, hospitals and other across the globe.

Tue, 19 Dec 2017 09:29:17 GMT

Ride-hailing firm Grab launches services in Cambodia

On Tuesday, ride-hailing company Grab launched its services in Cambodia on the back of the firm's expansion in the Southeast Asia, as it seeks to outstrip its rival Uber.

Tue, 19 Dec 2017 08:30:30 GMT

South Korea, Japan urge China for more pressure on DPRK

South Korea and Japan called China to express more pressure on North Korea to halt its missile and nuclear programmes, as tensions between DPRK and the United States.

Tue, 19 Dec 2017 07:14:22 GMT

Oil price surges to $63.55

Crude oil prices rose by 0.2% on Tuesday, reaching $63.55 a barrel, as investors focused on the Forties pipeline shutdown in the North Sea.

Tue, 19 Dec 2017 07:09:50 GMT

Cuba deepens trade ties with Russia

300 new Lada automobiles will be delivered to Cuba in January, as a part of a broader Russian strategy to resume political, military and economic ties with the former Cold War ally.

Tue, 19 Dec 2017 06:58:03 GMT

Apple announces new India sales chief

According to source familiar with the matter, the managing director for Apple in South Asia Michel Coulomb has been appointed as a new top sales chief in India, thus replacing Sanjay Kaul.

Tue, 19 Dec 2017 06:14:12 GMT

China calls US to cooperate

On Tuesday, China's Embassy to the US said that cooperation between two countries will lead to a mutually beneficial result, while confrontation will cause unnecessary loses. The announcement came in response to a new American national security strategy, which branded China as competitor.

Tue, 19 Dec 2017 06:07:20 GMT

Argentina ready to pass pension reform

Argentine lawmakers are ready to pass a pension reform despite massive protests outside the Congress and the country's top union call to make a daily strike in opposition to the draft bill.

Tue, 19 Dec 2017 05:26:20 GMT

Japan decides to widen ballistic missile defence system

On Tuesday, Japan formally decided to update its ballistic missile defence system with the American Aegis radar stations and interceptors in order to able to shoot down missiles flying from North Korea.

Tue, 19 Dec 2017 05:20:11 GMT

Cyril Ramaphosa becomes elected as ANC President

On Monday, the South African Deputy President Cyril Ramaphosa won elections and became President of the African National Congress (ANC). This position is likely to allow him to become the country's next leader in 2019 presidential elections.

Tue, 19 Dec 2017 03:53:26 GMT

NY and Massachusetts probe MetLife on unpaid pensions

Regulators of New York and Massachusetts stated that they were probing MetLife, after the insurer showed last week that pensions of potentially thousands of people were unpaid.

Tue, 19 Dec 2017 03:52:17 GMT

Japan updates GDB growth projections

The government of Japan revised its growth projection for the next and current fiscal years, anticipating the economy to grow 1.8% and 1.9% respectively, as domestic demand remained solid.

Tue, 19 Dec 2017 03:29:08 GMT

Campbell, Hershey bet $6B on healthy snacks producers

Hershey and Campbell Soup unveiled deals with the total sum nearing $6B to buy healthy snack makers in a bid to cater to a rising preference for healthy nutrition.

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