News

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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%.

Mon, 07 Jan 2019 09:22:54 GMT

Apple signs deal with Samsung to distribute iTunes content on TVs

On Sunday, Samsung Electronics announced it would add a new tool to its smart TVs in the near future to allow its owners to watch shows bought on Apple's iTunes service, as two companies had clinched a deal.

Mon, 07 Jan 2019 09:17:51 GMT

Ghosn's lawyers set to give news conference on Tuesday

Lawyers of the former Nissan Motor's Chairman Carlos Ghosn will give news conference this Tuesday in their first public public appearance, the FCCJ announced on Monday.

Mon, 07 Jan 2019 08:39:39 GMT

China's tech investors leave Silicon Valley amid Trump's scrutiny

The new policies at banning China's access to the US innovation imposed by the Trump Administration have halted the investment into American start-ups, facing tightening scrutiny from Washington.

Mon, 07 Jan 2019 08:36:09 GMT

Regeneron, Sanofi reorganise immuno-oncology deal

Healthcare companies Regeneron and Sanofi have reorganised their immuno-oncology deal, making Sanofi to pay about $582M to its US partner.

Mon, 07 Jan 2019 07:28:47 GMT

Australia's Healius rejects Jangho's $1.21B takeover bid

Healius, Australia's medical centre operator, rejected a $1.21B buyout approach on Monday from the Chinese firm Jangho Group, saying the bid undervalued the company.

Mon, 07 Jan 2019 07:24:57 GMT

Tesla set to break ground for Shanghai Gigafactory on Monday

Tesla is set to launch construction of its Gigafactory in Shanghai on Monday, seeking to start making the company's Model 3 electric cars by the end of this year, the CEO Elon Musk announced.

Mon, 07 Jan 2019 06:06:02 GMT

Huawei rolls out new server chipset amid import reliance cut

On Monday, Huawei Technologies has launched a new server chipset, as China pushes to boost the firm's chip-making capabilities and cut its reliance on imports from such countries as the United States.

Mon, 07 Jan 2019 05:58:23 GMT

CBS News President steps down

David Rhodes, the CBS News President, is planning to step down and will be replaced by the senior executive producer Susan Zirinsky, starting March 1, the company reported on Monday, still remaining in the media firm as a senior adviser to the CBS CEO Joe Ianniello.

Mon, 07 Jan 2019 05:38:41 GMT

Takeda has no intention for its OTC drug business sale

Takeda Pharmaceutical is not planning a sale of its over-the-counter drug business, despite a pressure to boost the company's finances, as it is nearing a $59B takeover of Shire, firm's CEO stated on Monday.

Mon, 07 Jan 2019 05:34:10 GMT

Starboard acquires Dollar Tree's stake, looks at Family Dollar business

Starboard Value, the activist investor, has bought a 1.7 stake worth $370M in the discount retailer Dollar Tree, seeking the store operator to sell the Family Dollar business.

Mon, 07 Jan 2019 03:47:32 GMT

Samsung Electronics ready for profit drop amid Chinese slowdown

Samsung Electronics is expected to post the first drop in operating profit for the quarter in two years due to slowing China's economic growth, the key market for the company, eroding demand for its products.

Mon, 07 Jan 2019 03:43:01 GMT

UK factories see border delays as main Brexit risk

More than three-quarters of the UK manufacturers anticipated border delays after Brexit to be the risk for the business, a survey revealed.

Mon, 07 Jan 2019 03:29:21 GMT

Japan's services sector's growth weakest in three months

Growth in the Japanese services sector decreased in December to the weakest in three months amid some reduction of growth momentum in creating new business at the 2018 year, a private

Mon, 07 Jan 2019 03:18:39 GMT

Israel's diamond exports fall 1.3% in 2018

Israeli diamond exports dropped 1.3% in 2018 to $6.73B compared with 2017, according to the state's Ministry of Economy's report.

Sun, 06 Jan 2019 20:43:08 GMT

Trump not backing down on border wall

On Sunday, the President of the United States did not back down in his demand for a new border wall with Mexico in his negotiations about ending the US government shutdown.

Sun, 06 Jan 2019 20:41:46 GMT

Trump offers solution to US government shutdown

The President of the United States on Sunday offered Democrats a compromise, which would end the US government shutdown. Namely, the border wall can be funded by building it of subsidized US steel instead of the previously planned concrete.

Sun, 06 Jan 2019 20:21:12 GMT

Trump comments on Chinese economy

The President of the US Donald Trump on Sunday expressed his opinion that the weakness of the Chinese economy experienced in the last couple of months will motivate China to negotiate a new trade deal.

Sun, 06 Jan 2019 20:20:41 GMT

Hapag Lloyd evacuates burning ship

The shipping line Hapag Lloyd on Sunday evacuated a burning ship near the eastern coast of Canada. The event is bound to cause an investigation and a drop of the company's stock price on Monday.

Sun, 06 Jan 2019 18:53:02 GMT

Southeast Asian countries avoid China's Belt and Road initiative

A recent survey in Southeast Asia revealed that almost seventy percent of respondents are sceptical of the Chinese Belt and Road project, as many of its members have fallen into crippling debt traps.

Sun, 06 Jan 2019 18:52:39 GMT

Trump comments on lack of Cabinet members

The US President Donald Trump announced that he is no hurry to replace the quarter of his Cabinet members, who are in acting capacity, as it gives the President more flexibility.

Sun, 06 Jan 2019 17:49:50 GMT

Guatemala increases palm oil production

Recent research published on Sunday revealed that palm oil cultivation has been taking over subsistence farming in Guatemala. The shift in farming is being blamed for the recent emigration from the country.

Sun, 06 Jan 2019 17:49:23 GMT

Israel meets 2018 GDP target

On Sunday, the Finance Minister of Israel announced that the country has met its 2.9% GDP growth target of 2018.

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