News

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Tue, 08 Jan 2019 03:04:37 GMT

SoftBank to invest extra $2B in WeWork

SoftBank Group is set to inject another $2B in WeWork in 2019, bringing Japan's conglomerate's total investment in the provides or the office space to more than $10B according to sources familiar with the matter.

Tue, 08 Jan 2019 03:01:33 GMT

Nvidia: next-level self-driving platform to go into production

Nvidia announced Drive AutoPilot platform, with AI technologies, which is expected to enable new level of self-driving vehicles by 2020, further strengthening the company's position in the industry.

Mon, 07 Jan 2019 21:36:24 GMT

Kenya earns $1.55B from tourism

Tourism contributed $1.55B to the Kenyan economy in 2018, a 31.26% increase from $1.18B in 2017, the Cabinet Secretary in the Ministry of Tourism and Wildlife Najib Balala says.

Mon, 07 Jan 2019 21:34:53 GMT

India economy to expand 7.2% in 2019

The economy of India is expected to expand 7.2% in 2019 after an increase of 6.7% the previous year, India's Central Statistics Office says.

Mon, 07 Jan 2019 19:51:01 GMT

Rwanda spends $227M on disaster relief

The Rwandan government has spent $227M on relief services after natural disasters the previous year, an official report shows.

Mon, 07 Jan 2019 19:50:16 GMT

Taiwan exports to mainland rise 6.3%

Taiwan's exports to Hong Kong and the Chinese mainland increased 6.3% to $138.4B in 2018, a 41.2% of total exports, the island's finance authority reports.

Mon, 07 Jan 2019 19:30:04 GMT

New car sales rise slightly in Japan

New car sales in Japan increased 0.7% in 2018 to 5,272,067 units compared to the same period the previous year, the Japan Light Motor Vehicle and Motorcycle Association reports.

Mon, 07 Jan 2019 19:29:19 GMT

Italy household income grows slightly in Q3

The disposable income of households in Italy increased slightly in the third quarter of 2018 compared to the previous quarter, the National Institute of Statistics reports.

Mon, 07 Jan 2019 18:38:08 GMT

EU states plan to tighten supervision of investment firms

The European Union states agreed on Monday to tighten supervision of large investment firms based on their size, the Council of the EU reports.

Mon, 07 Jan 2019 18:36:06 GMT

Private sector loans reach 35.3% of Albania GDP

Private sector loans reached 35.3% of Albania's GDP in the third quarter of the previous year, the country's central bank reports.

Mon, 07 Jan 2019 17:13:38 GMT

Japanese new car sales up slightly last year

The new cars' sales volume in Japan rose 0.7% in 2018 to 5M units compared to the prior year, mainly amid brisk mini-vehicles sales, which neutralised declines in other categories, industry data showed.

Mon, 07 Jan 2019 17:09:17 GMT

Indian GDP to grow 7.2% in 2018-2019

The Indian economic growth rate is expected to stand at 7.2% in 2018-2019, figures released on Monday by the CSO revealed.

Mon, 07 Jan 2019 16:35:11 GMT

Italian household disposable income increases slightly in Q3

The consumer households' disposable income in Italy rose slightly in the Q3 of 2018 compared to the prior quarter, while their purchasing power declined, the ISTAT stated.

Mon, 07 Jan 2019 16:28:43 GMT

Private sector's credit 35.3% of Albanian GDP in Q3

At the end of the Q3 of 2018, the private sector credit's ratio to Albania's GDP was expected at 35.3%, the country's CB stated.

Mon, 07 Jan 2019 15:25:33 GMT

China's Geely views flat car sales in 2019 as market struggles

The Chinese largest carmaker Geely is expecting its sales growth to be sluggish this year, as China's vehicle market struggles from economic slowdown and cautious consumers.

Mon, 07 Jan 2019 15:14:59 GMT

Nucor to build $1.35B worth plate mill in US Midwest

On Monday, the US steel producer Nucor stated it would set up a plate mill worth around $1.35B in the US Midwest, gaining the federal tax cuts advantage that brought significant incomes to several firms.

Mon, 07 Jan 2019 14:34:17 GMT

China has chances to work with US to resolve trade dispute

On Monday, the US Foreign Ministry stated that China had a "good faith" to cooperate with Washington to resolve their trade issues, as two countries revived talks over the dispute end.

Mon, 07 Jan 2019 14:29:36 GMT

Lilly to acquire Loxo Oncology for $8.0B

Eli Lilly is set to acquire Loxo Oncology for around $8.0B in cash, purchasing into the targeted medicines portfolio to help treating cancers caused by gene mutations.

Mon, 07 Jan 2019 12:34:41 GMT

Dubai residential RE prices likely to drop by 5%-10% in 2019

On Monday, the Middle East CEO of Savills stated that the residential prices on real estate in Dubai are expected to plunge by up to 10% in the current year, weakened by lower oil prices and strong dollar.

Mon, 07 Jan 2019 12:30:10 GMT

Assets worth about £800B to move from Britain to EU

According to the EY consultancy, assets valued at about £800B are moved from the UK to European Union's new financial hubs due to Brexit.

Mon, 07 Jan 2019 11:14:52 GMT

China and US resume trade talks

On Monday, Chinese officials expressed what they called good faith to the US, as the US and Chinese trade talks resumed.

Mon, 07 Jan 2019 11:14:28 GMT

Oil prices increase by two percent

On Monday, Crude Oil price benchmarks surged by two percent. Financial media affiliated the surge to an OPEC production cut. Although, note that tensions were rising in Nigerian oil fields where militant groups had attacked oil production facilities.

Mon, 07 Jan 2019 10:38:23 GMT

Southwest Airlines' co-founder dies at 87

The pioneering Southwest Airlines' co-founder Herb Kelleher passed away last week at the age of 87, the US low-cost carrier announced.

Mon, 07 Jan 2019 10:35:52 GMT

US employment growth seen rising in December

The US employment growth likely increased by 312K jobs in December with the wages seen to have risen solidly by 0.4%, compared to the preceding month's reading of 0.2%.

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