News

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Sun, 09 Aug 2020 12:44:04 GMT

Huawei to halt flagship chipsets production

Huawei Technologies is planning to halt the production of the flagship Kirin chipsets starting from the next month due to the impact of the US pressure on China's tech giant, according to the financial magazine Caixin.

Sun, 09 Aug 2020 12:29:53 GMT

UK watchdog probes Barclays on spying allegations

The UK privacy watchdog ICO has launched an investigation into Barclays Plc over potential spying on staff by the British bank, according to the agency's statement made on Sunday.

Sun, 09 Aug 2020 10:48:48 GMT

Saudi Aramco notes oil demand recovery

Amin Nasser, the CEO of Saudi Aramco, stated on Sunday that demand for gas and oil in Asian countries almost returned to pre-pandemic levels.

Sun, 09 Aug 2020 10:35:39 GMT

Twitter considers TikTok acquisition

According to sources familiar with the matter, Twitter Inc expressed interest in acquisition of TikTok's operations in the US.

Sun, 09 Aug 2020 08:43:19 GMT

Oil giants report losses

The world largest five oil companies reported on Sunday that production decrease reached nearly 1M bpd while the value of assets $50B.

Sun, 09 Aug 2020 08:21:46 GMT

Saudi Aramco's profit down 73.4%

Saudi Aramco reported on Sunday that its Q2 profit fell 73.4% amid the negative impact of the coronavirus pandemic.

Sun, 09 Aug 2020 07:08:01 GMT

Algeria eases COVID-19 lockdown

On Saturday, Algeria announced that it would further relax its COVID-19 restrictions, including travel restraints and curfew.

Sun, 09 Aug 2020 06:00:42 GMT

Berkshire Hathaway announces $9.8B writedown

Berkshire Hathaway second-quarter operating profit declined by 10% to $5.53 billion, the company announced on Saturday.

Sun, 09 Aug 2020 04:48:55 GMT

Eastman Kodak's US loan agreement on hold

Eastman Kodak's $765M loan agreement with the US government to make pharmaceutical ingredients was put on hold amid allegations of wrongdoing.

Sun, 09 Aug 2020 04:27:57 GMT

Twitter interested in buying TikTok'

Twitter approached TikTok's owner ByteDance to express interest in buying the US operations of the app, two sources familiar with the matter stated.

Sun, 09 Aug 2020 03:31:45 GMT

Qualcomm wants to sell its chips to Huawei

Chipmaker Qualcomm lobbied the US government to revoke restrictions over the sale of components to Huawei Technologies after China's company was blacklisted by the US.

Sat, 08 Aug 2020 20:48:29 GMT

Mubadala reveals 7% stake in Virgin Galactic

Mubadala Investment, Abu Dhabi's state fund, reported a stake of more than 7% in Virgin Galactic Holdings, the space tourism firm.

Sat, 08 Aug 2020 19:43:37 GMT

Berkshire Hathaway cuts stuff

Berkshire Hathaway announced on Saturday a $9.8B writedown and 10K job cuts at its aircraft parts unit, Precision Castparts.

Sat, 08 Aug 2020 19:34:41 GMT

IMF to negotiate new deal for Argentina

The International Monetary Fund is expected to start talks with Argentina to negotiate a new lending deal instead of the cancelled one.

Sat, 08 Aug 2020 17:49:57 GMT

UK to urge France to block migrant boats

According to the British Immigration Compliance Minister Chris Philp, the UK government would urge France to stop the English Channel migrant crossings.

Sat, 08 Aug 2020 16:58:25 GMT

UK and Lebanon agree to work on recovery

Lebanon's President Michel Aoun and the UK Prime Minister Boris Johnson have agreed to work on recovery from Beirut's port explosion.

Sat, 08 Aug 2020 16:03:01 GMT

Huawei plans to stop making Kirin chipsets

According to the financial magazine Caixin report published on Saturday, Huawei Technologies would stop manufacturing Kirin chipsets in September.

Sat, 08 Aug 2020 15:05:16 GMT

France sends specialist teams to Mauritius

France will send equipment and specialist teams to Mauritius after the country declared oil spill emergency, the French President Emmanuel Macron announced on Saturday.

Sat, 08 Aug 2020 14:13:30 GMT

Italy extends support for domestic economy

The Italian Prime Minister Giuseppe Conte confirmed that the government will continue hat the government will continue to support small and mid-sized businesses by offering tax-breaks and financial aid until the end of 2020.

Sat, 08 Aug 2020 13:03:32 GMT

Berkshire Hathaway's operating profit takes a hit

On Saturday, the Warren Buffet's holding company announced its operating profit dropped 10% in Q2 2020 as part of the businesses owned by the company struggle from the coronavirus-caused unrest.

Sat, 08 Aug 2020 12:23:56 GMT

US company introduces hologram devices

A Los Angeles-based tech company PORTL INC. is offering devices that record and display real-time holograms, the price for a unit currently starts at $60k, however, is expected to diminish in the future.

Sat, 08 Aug 2020 10:40:03 GMT

Huawei to stop chipsets production

According to the Caixin magazine, Huawei is planning to stop Kirin chipsets production amid the growing pressure from the US.

Sat, 08 Aug 2020 10:11:34 GMT

Turkey exempts companies from FX tax

According to the Official Gazette, financial institutions not residing in Turkey were exempted from paying 1% the Bank Insurance and Transaction Tax.

Sat, 08 Aug 2020 09:04:07 GMT

Hong Kong market watchdog calms investors

The Securities and Futures Commission stated on Friday that none of the sanctions imposed by the United States would not impact operation of companies in Hong Kong.

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