News

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Mon, 31 Aug 2020 07:50:35 GMT

US halts Philips ventilators order

Philips, the electrical equipment maker, said on Monday that the US Health Department had cancelled its order for 43K hospital ventilators, prompting the company to trim its 2020 earnings forecast.

Mon, 31 Aug 2020 07:35:59 GMT

Nestle to acquire Aimmune for $2.6B

On Monday, Nestle announced it had offered $34.50 per share to acquire the remaining 74.4% of Aimmune Therapeutics, the peanut allergy treatment developer, valuing the company at $2.6B.

Mon, 31 Aug 2020 05:13:27 GMT

Buffett buys 5% stakes in five large Japanese firms

Berkshire Hathaway has acquired 5% stakes in five biggest Japanese trading firms, the company's Chairman Warren Buffett announced on Sunday.

Mon, 31 Aug 2020 04:00:25 GMT

Russian, Belarusian leaders to meet in Moscow

According to the Kremlin statement, the Belarusian President Alexander Lukashenko and Russia's President Vladimir Putin are planning to conduct their meeting in Moscow in the coming weeks.

Mon, 31 Aug 2020 02:59:39 GMT

Qatar raises minimum wage

On Sunday, Qatar announced changes to its labour law and raised the country's minimum wage to $274.6.

Mon, 31 Aug 2020 01:40:48 GMT

Israel, UAE discuss food and water security cooperation

UAE's Minister of State Mariam Al Mheiri and the Israeli Agriculture Minister Alon Schuster discussed cooperation on food and water security in a telephone call on Friday, the UAE announced on Sunday.

Sun, 30 Aug 2020 19:41:42 GMT

Japan's Daiwa receives regulatory approval

China's top securities watchdog has approved the Japanese Daiwa Securities Group to set up the venture that is 51% owned by Japan's brokerage and investment bank.

Sun, 30 Aug 2020 18:42:15 GMT

Wizz Air cuts weekly flights to Hungary

Wizz Air said it would cut weekly flights to Hungary from September 7, after the Hungarian government announced on Friday that it would close its borders to foreigners from September 1.

Sun, 30 Aug 2020 17:41:05 GMT

Qatar sets basic monthly minimum wage

On Sunday, Qatar announced a new minimum wage of $274.6 and lifted the restriction on changing jobs.

Sun, 30 Aug 2020 16:41:14 GMT

Sunak plans sweeping set of tax increases

The Telegraph and the Sunday Times reported on Sunday that Britain's Chancellor of the Exchequer Rishi Sunak is planning a sweeping tax increase.

Sun, 30 Aug 2020 15:41:16 GMT

Suga hopes to be next Japan's PM

According to Kyodo news agency, citing an unnamed source, Japan's top government spokesman Chief Cabinet Secretary Yoshihide Suga would join the race to replace Prime Minister Shinzo Abe.

Sun, 30 Aug 2020 14:41:14 GMT

Yi comments on EU-China investment accord

On Sunday, the Chinese Foreign Minister Wang Yi said that it was possible to finalize an EU-China investment agreement before the end of this year.

Sun, 30 Aug 2020 14:12:51 GMT

UK's universities should not resume in September

The University and College Union general secretary Jo Grady said in a statement that UK's universities should abandon plans to resume in September.

Sun, 30 Aug 2020 13:30:05 GMT

Lukashenko and Putin to meet in Moscow

The Kremlin said in a statement on Sunday that the Belarusian President Alexander Lukashenko and the Russian President Vladimir Putin have agreed to hold a meeting in Moscow in coming weeks.

Sun, 30 Aug 2020 11:49:57 GMT

Koizumi decides not to join race to succeed Abe

According to the NHK report published on Sunday, Shinjiro Koizumi, the Japanese Environment Minister, has decided not to succeed Shinzo Abe as Japan's Prime Minister.

Sun, 30 Aug 2020 11:33:05 GMT

Huawei cloud business still has US chip access

Huawei Technologies, the Chinese telecoms equipment developer, has shifted its focus to the budding cloud business that still has the access to the US chips despite imposed sanctions against the group.

Sun, 30 Aug 2020 08:44:13 GMT

Japan's ruling LDP to pick new PM in two weeks

The Japanese ruling Liberal Democratic Party will pick Prime Minister Shinzo Abe's replacement around September 15, Kyodo news agency reported on Saturday.

Sun, 30 Aug 2020 07:59:52 GMT

Suga likely to replace Japan's Abe

According to sources familiar with the matter, Japan's top government spokesman Chief Cabinet Secretary Yoshihide Suga is likely to become the next Prime Minister of Japan.

Sun, 30 Aug 2020 07:02:00 GMT

WH proposes $1.3 trillion COVID-19 relief bill

The White House Chief of Staff Mark Meadows said on Friday that President Donald Trump is ready to sign a $1.3 trillion COVID-19 aid bill.

Sun, 30 Aug 2020 06:02:47 GMT

UAE scraps economic boycott against Israel

The WAM news agency reported on Saturday that UAE's President Khalifa bin Zayed Al Nahyan has issued a decree abolishing an economic boycott law against Israel.

Sun, 30 Aug 2020 04:48:04 GMT

BlackRock gets approval for mutual fund arm

China's regulatory has granted the green light to BlackRock for setting up the China mutual fund unit, making it the first asset manager that won such an approval.

Sun, 30 Aug 2020 03:41:17 GMT

Reliance to acquire Future Group's unit

On Saturday, Reliance Industries announced it had agreed to buy Future Group's retail business in a deal worth $3.38B, including debt.

Sun, 30 Aug 2020 02:42:29 GMT

US PCE shows strong rise

US consumer spending in July surged by 1.9%, over analysts' expectations, increasing the chances for a strong rebound in the country's Q3 economic growth, according to a Commerce Department's report.

Sat, 29 Aug 2020 20:50:06 GMT

Walmart's TikTok bid likely to boost ad revenue

Walmart's advertising revenue could surge, if its bid to acquire TikTok succeeded, turning the company into the online advertising leader, according to some analysts, Reuters reported.

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