News

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Wed, 04 Dec 2019 09:56:23 GMT

Renault-Nissan alliance names new general secretary

On Wednesday, Renault, Nissan Motor and Mitsubishi Motors appointed Hadi Zablit as the alliance's new general secretary to boost business efficiencies across the carmakers.

Wed, 04 Dec 2019 09:08:28 GMT

Nintendo to roll out Switch in China soon

On Wednesday, Japan's Nintendo Co announced it would officially release its gaming console, called Switch, in China on December 10 priced $298 with Tencent Holdings, its local partner.

Wed, 04 Dec 2019 08:22:22 GMT

Amazon cooperates with Verizon

Amazon.com stated that it was extending cloud to 5G networks in cooperation with Verizon for developers to run latency-sensitive applications on mobile and connected devices.

Wed, 04 Dec 2019 06:42:43 GMT

Xiaomi, Oppo to use Qualcomm's new chips

Two fast-growing China's phone brands, Oppo and Xiaomi, announced that they are set to adopt Qualcomm's newest 5G chips in their devices in yearly 2020.

Wed, 04 Dec 2019 06:17:52 GMT

Shell, Trafigura, Mitsubishi bid for Ecuador's oil contract

Royal Dutch Shell, Trafigura and Mitsubishi presented their bids for the contract to lift 20.2M barrels of Ecuadorean crude oil between 2020 and 2023.

Wed, 04 Dec 2019 03:40:41 GMT

Amazon designs better data centre chip

Amazon.com said that it designed more powerful data centre processor chip, seeking to pose a challenge to market leaders Intel and Advanced Micro Devices.

Tue, 03 Dec 2019 20:40:31 GMT

Tariffs hurt US solar industry

A report released on Tuesday, revealed that the US solar industry could lose the chance to create nearly 62,000 new jobs and $19 billion in investments due to tariffs set on imported solar panels.

Tue, 03 Dec 2019 20:31:16 GMT

Nokia announces new Chairman

On Tuesday, the telecommunications company Nokia announced that it intends to appoint its former Networks Chief Sari Baldauf as Chairman.

Tue, 03 Dec 2019 18:47:09 GMT

Trump comments on EU-US trade dispute

The President of the United States Donald Trump on Tuesday stated that the trade dispute with the EU and France is a minor one and would be worked out.

Tue, 03 Dec 2019 17:41:39 GMT

EU seeks talks with US

European Union officials announced on Tuesday that they would seek an immediate start of trade talks with the United States to solve the recent dispute.

Tue, 03 Dec 2019 16:41:25 GMT

Crude oil falls

On Tuesday, crude oil price benchmarks declined. The fall of prices was attributed to Donald Trump's comments about a delay of a US-China trade deal.

Tue, 03 Dec 2019 15:42:53 GMT

Global stocks sink on Tuesday

During Tuesday's European and US trading sessions, global stock indices sharply declined. The fall was caused by an escalation of trade tensions between the US and the EU.

Tue, 03 Dec 2019 15:11:53 GMT

EU prepares to retaliate over US tariffs

On Tuesday, European Union officials announced that they are ready to retaliate, if the President of the United States Donald Trump enacts tariffs on French goods.

Tue, 03 Dec 2019 14:07:23 GMT

Finnish PM steps down amid lost trust

On Tuesday, Antti Rinne, the Finnish Prime Minister, has stepped down from the post after losing the confidence of his coalition partner du to several disruptive strikes.

Tue, 03 Dec 2019 12:41:11 GMT

Trump sees China trade deal delayed until 2020 election

The US President Donald Trump stated on Tuesday that a trade deal with China could be postponed until the US Presidential election, set for November 2020, giving up hopes for a quick dispute resolution.

Tue, 03 Dec 2019 11:54:58 GMT

US threatens 100% tariffs on French imports

The US government is threatening 100% tariffs on imports from France worth $2.4B, including Champagne, cheese and handbags, as it considers that France's digital services tax might harm US tech firms.

Tue, 03 Dec 2019 11:08:13 GMT

Cyber Monday's US sales to hit record $9.2B

Cyber Monday US sales are set to hit a record $9.2B, evening estimates showed, boosted by the Black Friday weekend with free shipping and early promotions.

Tue, 03 Dec 2019 10:18:52 GMT

Huawei to move US research centre to Canada

Huawei Technologies is planning to move its United States-based research centre to Canada after the US Commerce Department placed the Chinese tech giant on a trade blacklist in May, Globe and Mail reported.

Tue, 03 Dec 2019 08:50:05 GMT

Twitter updates its global privacy policy

Twitter is making global changes to its privacy policy, seeking to comply with the California Consumer Privacy Act, and will provide its users with more information on data collecting.

Tue, 03 Dec 2019 07:45:49 GMT

Sanofi agrees on Seprafilm sale for $350M

Baxter International, the medical supply firm, agreed to acquire Sanofi's Seprafilm arm, which produces specialist surgical products, in a cash deal valued at $350M.

Tue, 03 Dec 2019 06:49:29 GMT

Astellas Pharma to acquire Audentes Therapeutics

Japan's Astellas Pharma agreed to acquire Audentes Therapeutics in a cash deal worth $2.7B, as it seeks to boost its genetic medicines pipeline for rare neuromuscular diseases.

Tue, 03 Dec 2019 05:41:57 GMT

Brazil foreign minister has no worries over US tariffs

Ernesto Araújo, the Brazilian Foreign Minister, stated he had no worries regarding the metals tariffs introduced by the US President Donald Trump on Monday, adding the issue would not stop Brazil from seeking for deeper ties with the US.

Tue, 03 Dec 2019 04:45:43 GMT

Ex-Honeywell CEO in talks over Vertiv

The former Honeywell International CEO David Cote has entered talks to acquire the US backup power equipment company Vertiv for over $5.0B, including debt, Reuters reported.

Tue, 03 Dec 2019 03:48:45 GMT

FCA, UAW agree on tentative labour deal

Fiat Chrysler Automobiles and the United Auto Workers union have recently reached an agreement for the four-year labour contract, ahead of the carmaker's merger deal with France's PSA Group.

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