News

Note: This section contains information in English only.
Mon, 25 Feb 2019 16:50:34 GMT

KKR acquires Universum Film from RTL

On Monday, the German broadcaster RTL announced about a sale of its film rights unit Universum Film to the US private equity firm KKR, not disclosing the financial terms of the deal.

Mon, 25 Feb 2019 16:27:48 GMT

GE head Culp plans biopharma business sale

General Electric announced on Monday it was planning a sale of its biopharma business unit to Danaher Corp in a deal worth $21.4B under the industrial conglomerate's new CEO Larry Culp, sending the company's shares up 15%.

Mon, 25 Feb 2019 16:24:19 GMT

Airobotics moves production to US from Israel

On Monday, the Israeli automated industrial drone maker, Airobotics, announced it was moving the production from Israel to its US headquarters in Arizona, seeking to meet rising demand in America, Australia and some areas of Asia-Pacific.

Mon, 25 Feb 2019 14:56:23 GMT

President Trump raises concerns over high oil prices

The US President Donald Trump has raised his concerns on Monday over oil prices, saying they are too high, calling on the OPEC to "relax" and keep prices steady.

Mon, 25 Feb 2019 14:51:14 GMT

World shares rise on China import tariffs delays

On Monday, world stock markets surged on the news that the US President Donald Trump had decided to delay a tariff climb on China's imports, raising hopes for a peaceful solution for the US-Sino trade war.

Mon, 25 Feb 2019 14:33:51 GMT

SPD aims to expand halt on Saudi arms export

Germany's Social Democrats are seeking to expand its halt on the Saudi Arabia arms export, despite pressure by France and Britain over a risk of possible expensive claims for compensation.

Mon, 25 Feb 2019 14:24:22 GMT

EU Commission to decide on network vendors

The EU Commission is set to make a decision over admission criteria for the telecoms network vendors in the near future, despite concerns over Chinese firms ban that could postpone the 5G services roll-out.

Mon, 25 Feb 2019 13:30:22 GMT

Tusk sees Brexit delay as rational option

Donald Tusk, the EU Council President, stated on Monday he considered the Brexit delay, beyond its scheduled date of March 29, a "rational solution" due to no majority had been gained for Britain's exit approval.

Mon, 25 Feb 2019 13:23:10 GMT

Britain to impose ban on Lebanon's Hezbollah

On Monday, Britain announced it would impose a ban on the Lebanese Islamist group Hezbollah as a terrorist organisation amid destabilising influence in the Middle East.

Mon, 25 Feb 2019 12:09:27 GMT

EBRD bank names Javorcik as Chief Economist

The EU Bank for Reconstruction and Development appointed Beata Javorcik, the Oxford University professor, as the new Chief Economist to succeed the incumbent Sergei Guriev, starting September 2019.

Mon, 25 Feb 2019 12:09:17 GMT

HMD Global unveils Nokia 9 PureView flagman

On Sunday, Finland's HMD Global has launched a new handset Nokia 9 PureView, the world's first five camera array smartphone, based on Google's Android One with a two-year operating system upgrades guarantee.

Mon, 25 Feb 2019 11:15:55 GMT

Vodafone CEO comments on Huawei

On Monday, the head of Vodafone announced that the US authorities have to share information about Huawei with European officials. That way the EU might evaluate the reasons for the US ban on the company's products.

Mon, 25 Feb 2019 11:15:21 GMT

Huawei breaks price ceiling

During the weekend Huawei revealed a new 5G smartphone, which has a record price of $2600. Meanwhile, the US still wants to globally ban Huawei from the 5G network.

Mon, 25 Feb 2019 10:34:26 GMT

Sony revives smartphone franchise with new screens

Japan's Sony has announced its new Xperia 1 smartphone with the 21:9 ratio film-style screen at Barcelona's Mobile World Congress on Monday, seeing to capitalise on its film pedigree.

Mon, 25 Feb 2019 10:28:23 GMT

BMW fined $9.65M over faulty engine software

The German automaker BMW was fined by the Munich prosecutors $9.65M for administrative lapses, as it had installed the faulty engine software into almost 8K vehicles, which led to higher emissions.

Mon, 25 Feb 2019 09:37:57 GMT

HERE ties up with China's Navinfo

The German digital mapping company HERE Technologies has partnered with the Chinese firm Navinfo to expand its location services in China.

Mon, 25 Feb 2019 09:34:25 GMT

Australia's Brambles to sell $2.5B assets

On Monday, Australia's Brambles stated it was planning to sell the plastic containers business and the private equity unit to Abu Dhabi wealth fund for $2.51B, seeking to launch shares buyback.

Mon, 25 Feb 2019 08:35:12 GMT

Ipsen to take over Clementia Pharma for $1.3B

France's Ipsen is set to acquire the US peer Clementia Pharmaceuticals for about $1.31B, the firms announced on Monday, to boost the French healthcare company's portfolio.

Mon, 25 Feb 2019 08:31:03 GMT

Ericsson acquires Kathrein's antenna and filters unit

Ericsson, Sweden's mobile network equipment developer, announced on Monday it would acquire the German firm Kathrein's filters and antenna division, seeking to expand its portfolio of 5G products.

Mon, 25 Feb 2019 07:14:47 GMT

KKR considers bidding for Walmart's Asda

KKR, the US private equity firm, is considering to make a bid for Walmart's Asda, after the merger talks with its UK competitor Sainsbury falter due to competition concerns, according to The Sunday Times.

Mon, 25 Feb 2019 07:14:37 GMT

Intel announces new chips and partnerships

On Monday, Intel Corp announced new partnership deals and chips, seeking to persuade investors that its R&D investment in 5G network technology would pay off.

Mon, 25 Feb 2019 06:25:26 GMT

LG reveals 5G smartphone with dual screen

On Sunday, LG Electronics revealed its new 5G smartphone with dual screen, as the South Koren tech giant seeks to revive its flagging sales with a brand new design feature.

Mon, 25 Feb 2019 06:17:55 GMT

Vivendi to back TIM-Open Fiber merger

On Sunday, Vivendi announced it would back the network merger between Telecom Italia and its competitor Open Fiber under the right conditions, while resuming its attacks on the US activist fund Elliott.

Mon, 25 Feb 2019 05:38:48 GMT

Berkshire explores workers compensation unit sale

Berkshire Hathaway has entered talks over a possible sale of its workers compensation unit, Applied Underwriters, to an insurance firms consortium, according to some sources familiar with the issue.

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