News

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Mon, 20 Jul 2020 11:45:23 GMT

Chevron to buy Noble Energy in $5 billion deal

Oil major Chevron announced on Monday that it would acquire Noble Energy in the all-stock deal, bringing the value of the Houston-based gas and oil producer to $5B.

Mon, 20 Jul 2020 11:31:10 GMT

Ford to tie up with Intel's Mobileye

Ford Motor is set to collaborate with Intel Corp's Mobileye, the autonomous driving unit, over the upgrade development of its collision avoidance system, the second-largest US carmaker stated on Monday.

Mon, 20 Jul 2020 10:19:56 GMT

Philips CEO expects economic recovery

On Monday, the CEO of Philips Frans van Houten stated that he expects a recovery of consumer demand in Europe.

Mon, 20 Jul 2020 08:51:20 GMT

Renault's H1 car sales down 34.9%

On Monday, the French carmaker Renault reported a 34.9% slump in its global vehicle sales in the current year's first half, hit by the coronavirus outbreak, but saw some recovery signs in June.

Mon, 20 Jul 2020 07:12:23 GMT

Japan seeks to tie up with TSMC over chip plant building

Japan is planning to invite TSMC or other chipmakers for constructing a joint chip manufacturing plant with the local chip equipment suppliers, according to the Yomiuri daily report.

Mon, 20 Jul 2020 06:38:33 GMT

Ebay close to its classified-ads unit sale

Ebay Inc has entered the advanced talks over its classified-ads unit sale to Norway's Adevinta, as the company seeks to shift focus to its main marketplace business, according to the Wall Street Journal.

Mon, 20 Jul 2020 04:59:04 GMT

Catalonia asks residents to stay home

Catalonia's regional government has urged thousands of people to stay-at-home as the COVID-19 cases continued to grow.

Mon, 20 Jul 2020 03:59:43 GMT

Turkey suspends air travel to Afghanistan and Iran

According to the Turkish Transport Ministry, Turkey has halted flights to Afghanistan and Iran due to the COVID-19 pandemic.

Mon, 20 Jul 2020 03:05:27 GMT

Emirates REIT weighs de-listing

Emirates REIT, the first UAE Real Estate Investment Trust, announced on Sunday that it was weighing de-listing from securities exchange.

Mon, 20 Jul 2020 01:47:56 GMT

Japan aims to invite TSMC to build advanced chip plant

According to the Yomiuri daily report published on Sunday, Japan is planning to invite the Taiwanese Semiconductor Manufacturing Company to build an advanced domestic chip plant.

Sun, 19 Jul 2020 19:43:42 GMT

EU leaders discuss stimulus

Despite a third day of negotiations at a summit, EU leaders could not agree upon the form of new economic stimulus measures.

Sun, 19 Jul 2020 18:41:20 GMT

Dubai real estate fund considers de-listing

The Emirates REIT REIT.DI investment fund announced on Sunday that it could de-list from stock exchanges.

Sun, 19 Jul 2020 17:43:57 GMT

Japan invites TSMC to venture

On Sunday, Yomiuri announced that Japan would invite TSMC to create a new advanced chip production plant.

Sun, 19 Jul 2020 16:40:51 GMT

Kuwait scrambles debt plan

The government of Kuwait announced on Sunday that it would scramble its plan to take up a debt of $16 billion.

Sun, 19 Jul 2020 15:50:31 GMT

Poland comments on EU stimulus

On Sunday, the Prime Minister of Poland Mateusz Morawiecki stated that Poland would not accept new rules for a stop of EU money.

Sun, 19 Jul 2020 14:42:58 GMT

Greek PM calls for stimulus

The Prime Minister of Greece Kiriakos Mitsotakis stated on Sunday that the EU cannot appear week and has to announce additional stimulus.

Sun, 19 Jul 2020 13:44:38 GMT

Nigerian banks limit spending

On Sunday, Nigerian banks announced that they would limit debit card spending abroad to ease Forex risks.

Sun, 19 Jul 2020 12:00:05 GMT

PBOC to connect two markets

The People's Bank of China (PBOC) stated on Sunday that it would connect the country's exchange bond and interbank markets.

Sun, 19 Jul 2020 10:46:18 GMT

Israel resumes Netanyahu's trial

The Jerusalem District Court on Sunday resumed trial over the country's Prime Minister Benjamin Netanyahu being occused of graft.

Sun, 19 Jul 2020 09:59:25 GMT

China to respond to Britain sanctions

Liu Xiaoming, the China's Ambassador in London, stated on Sunday that China would immediately respond to any attempt to sanction its officials.

Sun, 19 Jul 2020 09:12:42 GMT

Merkel warns of possible EU summit failure

The German Chancellor Angela Merkel stated on Sunday that leaders of the European Union might fail to negotiate a deal on the economic recovery measures.

Sun, 19 Jul 2020 08:37:44 GMT

UK seeks Huawei alternatives

According to the Nikkei, the British government asked Japan to help to create 5G networks without technologies offered by Chinese Huawei.

Sun, 19 Jul 2020 07:05:18 GMT

Malpass urges G20 to reduce debts for poor countries

On Saturday, David Malpass, the World Bank President, said that G20 should begin discussions on decreasing the debts of the poorest nations.

Sun, 19 Jul 2020 06:03:48 GMT

Germany promises $3.4B for poor nations

According to the German Finance Ministry, Germany has pledged $3.4 billion to support the world's poorest nations.

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