News

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Sun, 27 Sep 2020 16:30:34 GMT

US tightens exports to China

The government of the United States announced on Sunday that it would impose restrictions on all exports to Chinese chip maker SMIC.

Sun, 27 Sep 2020 14:43:51 GMT

Tyler Tech reports hack

On Sunday, the software firm Tyler Technologies issued a warning that the company had been blackmailed with ransomware.

Sun, 27 Sep 2020 14:08:08 GMT

Nikola bought designs from third party

On Saturday, Financial Times revealed that the founder of Nikola Corporation acquired the company's original design from a Croatian designer.

Sun, 27 Sep 2020 12:40:58 GMT

Devon negotiates with WPX

Reuters revealed on Sunday that the US oil producer Devon is negotiating an acquisition deal with WPX Energy.

Sun, 27 Sep 2020 11:41:50 GMT

Bank of England evaluates negative rates

Member of the Board of the Bank of England Silvana Tenreyro stated on Saturday that the central bank has been evaluating the implementation of negative interest rates.

Sun, 27 Sep 2020 10:40:44 GMT

Commerzbank assigns new CEO

On Sunday, Commerzbank announced that it had hired Manfred Knof from Deutsche Bank to the position of CEO.

Sun, 27 Sep 2020 09:38:46 GMT

Trump proposes new Supreme Court judge

The US President Donald Trump on Saturday named Amy Coney Barrett as his candidate for the new Supreme Court judge position.

Sun, 27 Sep 2020 08:42:03 GMT

Japan's Kioxia to postpone IPO

One of the world largest chipmakers, Japanese Kioxia Holdings Corp, stated on Sunday that it would abandon its IPO plans amid deterioating tensions between China and the US.

Sun, 27 Sep 2020 08:36:51 GMT

PM Ardern likely to stay in power

According to the Newshub-Reid Research Poll, the Prime Minister of New Zealand Jacinda Ardern most probably would stay in power in October elections as her party's support amounts 50.1%.

Sun, 27 Sep 2020 06:55:07 GMT

Japan's Kioxia to abandon IPO plan

Kioxia Holdings, the world's second-biggest memory chipmaker, is set to abandon plans for an IPO amid higher tensions between the US and China.

Sun, 27 Sep 2020 06:37:24 GMT

Nissan to launch new cars in China

Nissan Motor's CEO announced his plans to launch new cars in the Chinese market over the following five years, including EV.

Sun, 27 Sep 2020 05:28:34 GMT

Siemens Energy set to quit coal activities

Siemens Energy was working on plans to quit technologies linked to coal-fired power plants, Siemens CEO Joe Kaeser told Welt am Sonntag.

Sun, 27 Sep 2020 04:21:12 GMT

Audi considers EV venture with FAW

Audi was in negotiationa with partner FAW Group over creating a second JV to build electric vehicles on the PPE platform in China.

Sun, 27 Sep 2020 03:30:30 GMT

Mitsubishi Motors to slash 500-600 jobs

Mitsubishi Motors is set to seek voluntary resignation from 500 to 600 employees, mainly in management, in Japan from mid-November to diminish costs.

Sat, 26 Sep 2020 23:45:37 GMT

Xpeng invests in air taxi startup

Chinese electric EV maker Xpeng announced that along with the company's CEO it invested in Xpeng Heitech, the air taxi startup.

Sat, 26 Sep 2020 20:01:05 GMT

Vietnamese economy to grow 2.8% in 2020

The Vietnamese economy is expected to grow 2.8% in 2020 and 6.8% in 2021, a forecast published by the World Bank shows.

Sat, 26 Sep 2020 19:00:38 GMT

Turkey forecasts 8.9% inflation in 2020

The Turkish central bank increased its inflation forecast to 8.9% for 2020 from a previous forecast of 7.4%, a statement published by the Turkish central bank shows.

Sat, 26 Sep 2020 18:16:38 GMT

Italian public debt to increase to 155.7% of GDP in 2020

The Italian public debt will increase to 155.7% of GDP in 2020 from 134.8% of GDP in 2019, a report published by the Bank of Italy shows.

Sat, 26 Sep 2020 17:00:23 GMT

Spanish economy to contract 10.9% in 2020

The Spanish economy is expected to contract 10.9% this year, compared to a previous forecast of 9.4%, a statement published by the European Commission shows.

Sat, 26 Sep 2020 16:00:36 GMT

Nepal tourism sector to lose $300M

Nepal's tourism industry is likely to lose around $300M amid the coronavirus pandemic, Nepal's Ministry of Culture, Tourism and Civil Aviation reports.

Sat, 26 Sep 2020 15:00:59 GMT

Brazilian economy to decline 6.5% in 2020

The Brazilian economy is expected to contract 6.5% in 2020, a statement published by the Central Bank of Brazil shows.

Sat, 26 Sep 2020 14:07:30 GMT

Euro area faces historic contraction

The euro area economy faces a historic contraction of 7.75% in 2020 amid the coronavirus pandemic, a statement published by the European Commission shows.

Sat, 26 Sep 2020 13:31:50 GMT

ADB provides Bangladesh $170M for reforms

The Asian Development Bank approved a second loan of $170M to support vital capital market reforms in Bangladesh, a statement published by the bank shows.

Sat, 26 Sep 2020 11:55:33 GMT

ANA considers $1.9B shares issuing

According to the Nikkei, Japanese largest airline ANA is considering shares issuance worth $1.9B to strengthen its finances.

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