News

Note: This section contains information in English only.
Wed, 07 Oct 2020 03:54:56 GMT

UK's authority to ban crypto-assets products

On Tuesday, the UK Financial Conduct Authority said that it would ban crypto-assets products for retail investors.

Wed, 07 Oct 2020 02:51:46 GMT

Northern Cyprus to reopen Varosha beach

On Tuesday, the Prime Minister of Northern Cyprus Ersin Tatar announced that the Varosha beach resort would be reopened on October 8.

Wed, 07 Oct 2020 01:38:36 GMT

Boeing cuts forecast for airplane demand

Boeing's shares fell as much as 3.3% on Tuesday after the US planemaker cut its airplane demand forecast for the next 20 years.

Tue, 06 Oct 2020 19:41:07 GMT

Sonos, Logitech shares drop

Shares of Logitech and Sonos, the audio device producers, plunged as much as 5.7% and 3.2% respectively on Tuesday after Apple removed their speakers from its online stores.

Tue, 06 Oct 2020 18:46:57 GMT

Apple to hold special event next week

Apple announced on Tuesday it was planning a special event for October 13, during which it most likely unveil the tech giant's new iPhone devices with 5G capabilities.

Tue, 06 Oct 2020 17:43:22 GMT

Boeing trims jet demand outlook

On Tuesday, Boeing has cut its 20-year outlook for plane demand to 43,110 jet deliveries, sending the planemaker's shares down 3.3% following the report.

Tue, 06 Oct 2020 17:09:42 GMT

Philippines inflation slows

The inflation rate in the Philippines declined to 2.3% in September from 2.4% in August, a statement published by the Philippine Statistics Authority shows.

Tue, 06 Oct 2020 15:43:49 GMT

Morocco economy declines 8.7% in Q3

The economy of Morocco contracted 8.7% in the third quarter of 2020, data published by the Moroccan national statistics office show.

Tue, 06 Oct 2020 15:21:26 GMT

WTO: world trade to decline 9.2% in 2020

World trade is expected to decline 9.2% in 2020 amid the coronavirus pandemic and increase 7.2% in 2021, a statement published by the World Trade Organization shows.

Tue, 06 Oct 2020 13:56:23 GMT

UK seeks clarity over trade deal

Boris Johnson stated on Tuesday that the UK would need to know whether or not there would be a trade deal with the EU by October 15.

Tue, 06 Oct 2020 12:49:26 GMT

Daimler to trim fixed costs by 2025

On Tuesday, Daimler announced it would reduce fixed costs, R&D and capex expenditure by over 20% by 2025 from the prior year's levels amid its Mercedes-Benz repositioning as the luxury brand.

Tue, 06 Oct 2020 11:57:21 GMT

Google Workspace becomes official name

On Tuesday, Alphabet announced that "Google Workspace" has become the new official name for the tech giant's business tools package, which includes document and email editing, replacing the old name, G Suite, introduced in 2016.

Tue, 06 Oct 2020 11:16:59 GMT

Cisco to pay $1.9B over patent lawsuit

Cisco Systems was ordered to pay $1.9B to Virginia's IT company Centripetal Networks, which accused Cisco of copying the cybersecurity patents owned by the firm.

Tue, 06 Oct 2020 09:41:31 GMT

Stocks reach high level

During Tuesday's European trading hours, global stock indices surged to a two-week high, as certainty was caused by the US President returning to the White House.

Tue, 06 Oct 2020 08:53:19 GMT

Faraday Future considers going public

Faraday Future, the electric vehicle start-up, is in talks over going public via a reverse merger deal with SPAC, its CEO stated.

Tue, 06 Oct 2020 08:23:31 GMT

Toyota-Panasonic JV to make Li-ion batteries

A joint venture of Toyota Motor and Panasonic are set to build lithium-ion batteries for hybrid vehicles in Western Japan beginning in 2022, according to the company's statement made on Tuesday.

Tue, 06 Oct 2020 07:02:00 GMT

SAP to invest in social, diverse businesses

SAP has pledged to allocate about 5% of its spending to diverse businesses and social enterprises by 2025, aiming to encourage greater environmental and social responsibility.

Tue, 06 Oct 2020 06:06:51 GMT

Southwest plans union pay cuts to prevent layoffs

Southwest Airlines is seeking unions to agree on pay cuts to avoid layoffs and furloughs through 2021 amid struggles in the industry to stem losses caused by the coronavirus pandemic.

Tue, 06 Oct 2020 05:30:29 GMT

Mitch McConnell comments on stimulus

The Head of the US Senate Majority leader Mitch McConnell announced on Monday that he did not see a possible deal on stimulus.

Tue, 06 Oct 2020 04:25:34 GMT

Johnson & Johnson pays fine

On Monday, Bloomberg revealed that Johnson & Johnson would pay a fine of more than $100 million to settle talc lawsuits.

Tue, 06 Oct 2020 03:26:21 GMT

Altmaier comments on shutdown

The Minister of Economy of Germany Peter Altmaier stated on Monday that Germany would avoid another industrial shutdown.

Mon, 05 Oct 2020 20:42:57 GMT

Fed's Evans comments on inflation

On Monday, the President of the Chicago Federal Reserve Charles Evans stated that he expects US inflation to reach 2% by 2023.

Mon, 05 Oct 2020 19:45:46 GMT

China approves two new IPO applications

The China Securities Regulatory Commission approved IPO applications of Xinjiang Hongtong Natural Gas and Zhejiang Dayang Biotech Group.

Mon, 05 Oct 2020 19:06:21 GMT

Singapore retail sales decline

Retail sales in Singapore decreased by 5.7% to $2.49B in August, compared to the same period in 2019, the Department of Statistics of Singapore reports.

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