News

Note: This section contains information in English only.
Fri, 13 Dec 2019 18:18:58 GMT

Klarna to open tech hub in Berlin

One of the leading payment providers Klarna announced its plans to open a technical hub in Berlin at the beginning of 2020.

Fri, 13 Dec 2019 16:40:28 GMT

Norway's Telenor selects Ericsson for 5G

Norway's Telenor has selected Sweden's Ericsson as its major technology provider for the 5G telecoms network, it reported on Friday, abandoning China's Huawei after ten years of collaboration with the firm over 4G.

Fri, 13 Dec 2019 15:55:53 GMT

Cadillac plans cars shifting to electric by 2030

The President of General Motors's Cadillac luxury brand is seeing a majority, and potentially all, of Cadillac's models to become electric, rather than gas, vehicles by 2030.

Fri, 13 Dec 2019 15:39:32 GMT

UK's Corbyn prepared to remain as leader until 2020

On Friday, Britain's Labour Jeremy Corbyn stated he was prepared to stay as a leader until the next year unless the party chooses new successor.

Fri, 13 Dec 2019 13:47:39 GMT

SoftBank-backed OneConnect raises about $312M

On Thursday, Ping An Insurance's OneConnect Financial Technology reported it had raised around $312M in the US initial public offering, bring the company's value to about $3.7B.

Fri, 13 Dec 2019 12:44:50 GMT

PSA plans supervisory board meeting on FCA deal review

The French carmaker PSA was likely called its supervisory board meeting on Tuesday to discuss potential merger deal with its rival Fiat Chrysler, Reuters reported on Thursday.

Fri, 13 Dec 2019 11:44:08 GMT

Japan's Hoya to make $1.4B counter-bid for Toshiba's NuFlare

On Friday, Japan's Hoya Corp announced it would launch a $1.4B counter-bid for Toshiba's unit NuFlare Technology, which the electronics giant seeks to buy out.

Fri, 13 Dec 2019 10:41:49 GMT

Boris Johnson wins elections

On Friday, the Prime Minister of the United Kingdom Boris Johnson's party won the general elections with a large majority. Due to that reason, a Brexit is expected by January 31.

Fri, 13 Dec 2019 09:52:12 GMT

European shares surge amid UK election results

Shares of the majority of companies listed on the London Stock Exchange soared up on Friday morning amid convincing victory of the UK Conservatives in the general elections.

Fri, 13 Dec 2019 09:12:35 GMT

Election outcome removes uncertainty, says de Guindos

The European Central Bank's VP Luis de Guindos stated on Friday that Boris Johnson's victory eliminated the ambiguity about the future of Brexit.

Fri, 13 Dec 2019 04:53:40 GMT

Adobe beats estimates for Q4

Adobe beat Wall Street estimates for revenue and profit in the Q4 amid higher subscriptions in core digital media business, ending shares up 2.7% after the bell.

Fri, 13 Dec 2019 03:52:58 GMT

GIC to buy EU logistics properties

Singapore's GIC signed a deal to buy a portfolio of logistics real estate from funds managed by Apollo Global Management's affiliates for about $1B.

Fri, 13 Dec 2019 03:37:47 GMT

China to buy $50B US farm products

The White House agreed to suspend some of tariffs on China's goods in return for the country's pledge to increase purchases of the US farm products next year.

Thu, 12 Dec 2019 20:41:20 GMT

3M plans drug delivery business sale worth $650M

On Thursday, the industrial conglomerate 3M announced it was planning a sale of the drug delivery business in a deal with Altaris Capital Partners worth about $650M on the back of its plan to cut non-core assets.

Thu, 12 Dec 2019 19:56:53 GMT

Subaru expects US sales to hit record next year

Subaru's Chief Executive Officer Tomomi Nakamura said on Thursday that he expects record sales in the United States in 2020 despite the market slowdown.

Thu, 12 Dec 2019 19:07:04 GMT

EU leaders meet to discuss budget, climate and Brexit

The leaders of the European Union are meeting in Belgium to discuss the EU's budget, climate change, the Eurozone, Brexit and Russia sanctions.

Thu, 12 Dec 2019 16:58:25 GMT

Oil prices edge higher on Thursday

On Thursday, crude oil prices edged higher after the US President Donald Trump said that the United States and China are very close to secure a trade deal.

Thu, 12 Dec 2019 16:09:48 GMT

Credit Suisse says iPhone shipments drop by 35% in China

Shares of Apple Inc fell more than 1% in early trading on Thursday after Credit Suisse analysts report that iPhone shipments in China dropped by 35.4% in November, compared to the same time last year.

Thu, 12 Dec 2019 16:08:05 GMT

Lagarde promises broad and open-ended strategic review

On Thursday, the new President of the European Central Bank Christine Lagarde said that would have her style and promised a broad and open-ended ECB review.

Thu, 12 Dec 2019 15:03:12 GMT

Samsung to make $8.0B investment in China chip plant

Samsung Electronics is planning to raise its investment at the Chinese chip factory by $8.0B to bolster the NAND memory chips production, China's media reported.

Thu, 12 Dec 2019 14:00:30 GMT

EU leaders to discuss Brexit, climate in Brussels

EU leaders are set for a meeting in Brussels during Thursday and Friday to discuss the bloc's long-term budget, Brexit and climate, as they are eager to find "a common goal" on these issues.

Thu, 12 Dec 2019 13:24:57 GMT

Ferrari CEO sees fully-electric vehicle after 2025

Ferrari is set to release its fully electric car after 2025, as the model's battery technology is requiring more development, the luxury car brand's CEO Louis Camilleri said.

Thu, 12 Dec 2019 11:52:55 GMT

Bill.com sets shares price at $22 in US IPO

The back-office automation software maker, Bill.com Holdings, has priced its shares at $22 each in the US initial public offering, seeking to raise up to $216.1M.

Thu, 12 Dec 2019 11:03:21 GMT

UK votes in general elections

On Thursday, the voters of the United Kingdom went to polls to vote in the general elections, which would decide the future of Brexit.

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