News

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Fri, 29 Nov 2019 12:15:21 GMT

Daimler to lay off thousands of staff worldwide

On Friday, Daimler announced it would cut at least 10K jobs worldwide by the end of 2022 after the company reached an agreement with labour unions.

Fri, 29 Nov 2019 10:42:22 GMT

Renault and Nissan reboot alliance

On Friday, Mitsubishi, Renault and Nissan announced that the companies would renew their alliance by appointing a new general secretary.

Fri, 29 Nov 2019 10:13:59 GMT

Future Retail shares rise on Amazon investment approval

On Friday, shares in India's Future Retail surged as much as 13%, after the country's antitrust body had granted its approval for a minority stake purchase by Amazon.com.

Fri, 29 Nov 2019 08:41:51 GMT

India's Ola aims to launch IPO process in 2021

The SoftBank-backed Indian ride-hailing company Ola is planning to launch its initial public offering process by the March-end in 2021, while also aims at cutting its workforce by about 5% amid preparations.

Fri, 29 Nov 2019 07:42:25 GMT

Japanese retail sales drop the most since 2015

Retail sales in Japan plunged at the fastest pace since 2015 in October as a hike tax induced consumers to trim their spending, raising concerns over the domestic demand's strength.

Fri, 29 Nov 2019 06:54:43 GMT

Dubai's Damac chairman buys Italy's Cavalli

Roberto Cavalli, the Italian fashion house, has been acquired by Dubai's Damac chairman Hussain Sajwani on Thursday; a deal that rescued the Italian company and ended its long sale process.

Fri, 29 Nov 2019 06:02:04 GMT

PSA prepares for stake sale in Changan tie-up

Peugeot owner PSA Group is preparing for a 50% stake sale in its joint venture with Chongqing Changan Automotive, the carmaker's Chinese partner, a spokesman for PSA stated.

Fri, 29 Nov 2019 04:47:07 GMT

Banco do Brasil expects profit growth in 2020

Banco do Brasil, the Brazilian state-controlled lender, is expecting its profits to grow 10% in 2020, compared to the current year, its CFO Carlos Hamilton Araujo stated during the Thursday's meeting with analysts.

Fri, 29 Nov 2019 03:42:01 GMT

Spain's Socialists, ERC keep discussing new government

Esquerra Republicana de Catalunya, the Catalan separatist party, and Spain's Socialists have set another meeting for December 3 to continue talks over new government formation, seeking to finally break the deadlock.

Fri, 29 Nov 2019 03:17:01 GMT

Facebook aims to restore access after outage

Facebook stated it is trying to restore access after the central software systems' issues caused an outage in some of the company's apps, such as Instagram, during the Thanksgiving Day holiday.

Thu, 28 Nov 2019 21:29:45 GMT

Net migration to Britain lowest since 2013

Net migration to the UK declined to the lowest level since 2013 over the year to June, driven by pre-Brexit decrease in the arrival of EU citizens moving for work.

Thu, 28 Nov 2019 20:26:40 GMT

Japanese retail sales tumble most since 2015

Japan's retail sales dropped 7.1% in October from the prior year, affected by weak demand for items such as household appliances, cars and clothing.

Thu, 28 Nov 2019 17:42:44 GMT

Germany's inflation up 1.2% in November

German yearly inflation grew slightly 1.2% in November, though remained well below the ECB target level for the seventh month in succession.

Thu, 28 Nov 2019 16:41:12 GMT

NBD cuts over 400 jobs

Dubai's biggest bank, Emirates NBD cut more than 400 jobs since October, as banks in the UAE reduce their costs due to slower economic growth.

Thu, 28 Nov 2019 15:52:00 GMT

Indian economy grows 4.7%

India's economy is expected to expand at the weakest pace in six years of 4.7% in the September quarter, as private investment and consumer demand weakened further.

Thu, 28 Nov 2019 15:43:02 GMT

EZ sentiment rebounds in November

Euro zone's economic sentiment rose than expected to 101.3 points in November, owing to more optimism in the main services sector.

Thu, 28 Nov 2019 15:15:57 GMT

Media reports on UK bookies and GBP

On Thursday, media outlets reported that the GBP has been reacting to UK election polls. Meanwhile, Dukascopy Analysts discovered the opposite. A possible Brexit agreement surge on 17.10. has been followed by poll adjustments.

Thu, 28 Nov 2019 14:39:46 GMT

Approval for Gazprom Neft-Shell venture delayed

On Thursday, the Russian anti-monopoly watchdog stated it had postponed the approval of the joint venture between Royal Dutch Shell and Gazprom Neft due to technical reasons.

Thu, 28 Nov 2019 13:24:46 GMT

Russia's Sberbank ties up with driverless tech firm

The Russian largest lender Sberbank is teaming up with Cognitive Technologies, the AI transport developer, in a driverless car technology venture, both firms reported on Thursday.

Thu, 28 Nov 2019 12:39:09 GMT

Denmark's Maersk plans job cuts

On Thursday, Denmark's shipping group Maersk announced it is set to lay off its staff at the Danish main offices, as well as in other countries, amid major cost cuts planned by the company.

Thu, 28 Nov 2019 10:49:20 GMT

ECB's Villeroy addresses governments

On Thursday, the Policymaker of the European Central Bank Francois Villeroy de Galhau stated that countries like Germany should promote growth in the region.

Thu, 28 Nov 2019 10:37:50 GMT

Nissan to launch high-tech production system

Nissan Motor is launching a new high-tech production system all over the world, seeking to boost efficiency as the Japanese carmaker aims at reversing a slide in its profitability.

Thu, 28 Nov 2019 09:16:43 GMT

Nordzucker set to return to profit

Germany's second-biggest sugar refiner Nordzucker announced its plans to return to profit in 2020 and 2021 after a cost overhaul, seeking for further expansion in Europe.

Thu, 28 Nov 2019 07:40:07 GMT

Panasonic plans its semiconductor business sale

On Thursday, Panasonic Corp announced it was exploring a sale of its loss-making semiconductor business to the Taiwanese firm Nuvoton Technology, as Japan-based electronics company struggles to bolster profits due to lack of growth drivers.

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