News

Note: This section contains information in English only.
Mon, 08 Apr 2019 19:03:45 GMT

Rwanda plans to double tourism income by 2024

Rwanda plans to double income from tourism in the next six years through wildlife conservation, the Rwanda Development Board says.

Mon, 08 Apr 2019 17:51:48 GMT

Zambia records $3.9B investment in 2018

Zambia received investments worth $3.9B in various sectors of the economy in 2018, the Zambia Development Agency reports.

Mon, 08 Apr 2019 17:51:12 GMT

BT: Huawei remains important network equipment supplier

Huawei is an important network equipment supplier for Britain's telecom service provider BT, a spoke person of the British company says.

Mon, 08 Apr 2019 16:51:31 GMT

Huawei ships 200M smartphones in 2018

The company has shipped more than 200M smartphones in 2018, a new record high, the Chinese technology firm Huawei reports.

Mon, 08 Apr 2019 16:50:58 GMT

Cambodia's exports increase 4% in 2018

Cambodia exported products worth $11.2B in 2018, an increase of 4% compared to the previous year, a Commerce Ministry's annual report shows.

Mon, 08 Apr 2019 15:22:33 GMT

Jaguar Land Rover begins Brexit shutdowns

On Monday, Jaguar Land Rover announced that it is shutting down its UK production plants due to Brexit. The shutdowns are a part of the larger Brexit handling strategy.

Mon, 08 Apr 2019 15:21:20 GMT

Boeing stock declines amid output cut

During the pre-market trading on Monday, Boeing stock price has declined, as the company announced its decision to decrease the production of the 737 MAX aircraft.

Mon, 08 Apr 2019 13:55:29 GMT

Theresa May will meet Merkel

The Prime Minister of the United Kingdom Theresa May is set to meet with the Chancellor of Germany Angela Merkel to discuss the current Brexit situation.

Mon, 08 Apr 2019 13:55:22 GMT

EU fines General Electric

European Union regulators have set a 52 million Euro fine on General Electric for giving misleading information during a takeover of a Danish company two years ago.

Mon, 08 Apr 2019 13:48:33 GMT

Saudi Aramco issues bond

On Monday, the Saudi Energy Minister announced that Saudi Aramco will issue an international bond. The demand for the just announced bond immediately topped $30 billion.

Mon, 08 Apr 2019 13:48:20 GMT

Saudi Minister comments on supply cuts

The Saudi Energy Minister Khalid al-Falih announced on Monday that OPEC most likely will cut oil supply further. The announcement caused a surge of oil prices.

Mon, 08 Apr 2019 10:42:59 GMT

No Brexit arrangement is made

The British Labour party announced on Monday that the party has not made a Brexit breakthrough deal with the Prime Minister. The announcement beat down the value of the GBP.

Mon, 08 Apr 2019 10:42:52 GMT

Saudi Aramco will open books

On Monday, it was announced by Saudi Aramco that it will open its books for public. The company intends to do so to issue an international bond. The company's finances have been kept secret until now.

Mon, 08 Apr 2019 10:19:32 GMT

UK plans social media regulation

Officials of the United Kingdom on Monday announced new online social media safety laws. The laws would allow to put penalties on tech and social media firms. The announcement is one of many that indicate that social media will be censored in the future, as Australia already approved such laws.

Mon, 08 Apr 2019 10:19:08 GMT

Credit Suisse CEO bonus is under scrutiny

On Monday, the annual bonus of the CEO Tidjane Thiam of Credit Suisse was being scolded by advisor firms, which advised shareholders to vote against the bonus.

Mon, 08 Apr 2019 09:07:34 GMT

Falih says extending supply cut will be decide in May

Khalid al-Falih, the Saudi Arabian Energy Minister, said on Monday that extending supply cut would be decided by OPEC member in May.

Mon, 08 Apr 2019 09:07:23 GMT

French utility Engie seals $8B Petrobras' TAG pipeline

On Monday, France's utility Engie-led consortium sealed an $8.6 billion deal to purchase Petrobras' TAG pipeline.

Mon, 08 Apr 2019 08:16:37 GMT

Single European currency nears one-month low

On Monday, the Eurozone single currency remained near a one-month low, as investors and traders await the ECB meeting this week.

Mon, 08 Apr 2019 08:15:45 GMT

Demand for Saudi Aramco's bond surges

Khalid al-Falih, the Saudi Arabian Energy Minister, said on Monday that the demand for Aramco's bond is higher than $30B.

Mon, 08 Apr 2019 07:20:35 GMT

UK government to continue talks with Labour

The British Minister of Culture Jeremy Wright stated on Monday that negotiations between the government and the Labour Party would continue today and throughout the week.

Mon, 08 Apr 2019 07:15:44 GMT

Aramco's bond value likely to exceed $30B

The Energy Minister of Saudi Arabia Khalid al-Falih stated on Monday that the value of selling Saudi Aramco's bonds is expected to exceed $30B.

Mon, 08 Apr 2019 06:17:24 GMT

Carlyle prepares to buy stake in Cepsa

The US buyout company Carlyle Group stated on Monday that it has agreed to acquire a 30-40% stake in Spanish Cepsa for $4.8B.

Mon, 08 Apr 2019 06:14:44 GMT

SBI names terms for Jet Airways deal

State Bank of India, the head of Jet Airways lenders, stated on Monday that whoever is considering acquiring a stake in the airline company should take and settle its debt obligations.

Mon, 08 Apr 2019 05:16:58 GMT

China to increase infrastructure spending

The China's National Development and Reform Commission stated on Monday that the country would continue increasing spending on infrastructure projects in order to give an impulse to the slowing economy.

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