News

Note: This section contains information in English only.
Sun, 15 Nov 2020 16:59:18 GMT

Frost says EU and UK making some progress

UK's Chief Brexit negotiator David Frost said on Sunday that Britain and the EU had made some progress on Brexit trade deal.

Sun, 15 Nov 2020 16:00:16 GMT

Turkish President visits Northern Cyprus

On Sunday, Turkey's President Tayyip Erdogan visited Northern Cyprus to meet with the newly elected President Ersin Tatar.

Sun, 15 Nov 2020 14:58:54 GMT

China to focus on moderate exports expansion

China will no longer try to achieve trade surpluses but will focus on moderate exports expansion, the Vice Chairman of China's Center for International Economic Exchanges Huang Qifan said on Sunday.

Sun, 15 Nov 2020 14:00:16 GMT

Peru's interim President under pressure to resign

Manuel Merino, the Peruvian interim President, came under increasing pressure to quit on Sunday after at least nine cabinet ministers resigned.

Sun, 15 Nov 2020 13:20:17 GMT

Asia creates largest trade bloc

On Sunday, fifteen Asian countries led by China had signed a trade deal, thus forming the world largest trade block, the Regional Comprehensive Economic Partnership.

Sun, 15 Nov 2020 12:30:27 GMT

EU, UK continue discussing trade deal terms

The British Brexit negotiator David Frost confirmed on Sunday that the EU and UK managed to reach some progress on post-Brexit deal in the last round of negotiations.

Sun, 15 Nov 2020 11:34:43 GMT

EU makes a warning to tech companies

The EU Industry Chief Thierry Breton stated on Sunday tech companies could be forbidden providing services in Europe if they breached regulations.

Sun, 15 Nov 2020 10:32:08 GMT

Coronavirus restrictions to 4-5 months in Germany

The German Economy Minister Peter Altmaier warned on Sunday that restrictions related to the coronavirus pandemic would last 4-5 months and Germans should be ready for that.

Sun, 15 Nov 2020 09:01:49 GMT

Germany to pay $26B in COVID-19 relief aid

According to sources with knowledge of the matter, the German government is expected to pay 22B euros ($26B) in coronavirus aid package to self-employed people and companies in the first half of 2021.

Sun, 15 Nov 2020 08:03:29 GMT

Guitar Center enters restructuring pact

Guitar Center has signed a Restructuring Support Agreement with stakeholders that includes up to $165 million in new equity investments and a reduction of debt by almost $800M.

Sun, 15 Nov 2020 07:09:02 GMT

Ford aims to make own EV batteries

Ford Motor is considering to shift its focus to developing its own electric vehicle battery cells due to rising demand around the world, Ford's CEO Jim Farley said.

Sun, 15 Nov 2020 05:51:52 GMT

VW bolsters investment in autonomous, EV tech

Volkswagen boosted its investment on self-driving and electric car technologies to $86B during the following five years as the company seeks to remain the world's biggest automaker in a green era.

Sun, 15 Nov 2020 05:11:54 GMT

Qualcomm gets approval for 4G chips sale to Huawei

Qualcomm received a green light from the US government for the 4G phone chips sale to China's Huawei, in exception to the US trade restrictions implemented amid tensions with China.

Sun, 15 Nov 2020 04:13:49 GMT

GM recalls around 69K Bolt EVs

General Motors is recalling 68,677 Chevrolet Bolt electric vehicles worldwide due to potential fire risk following reports of five fires and two injuries.

Sun, 15 Nov 2020 01:39:24 GMT

Nio stock down on Citron targeting EV maker

Nio's shares were down nearly 1% to $47.79 after Citron Research recommendation of stock sale on the back of pricing pressure caused by its larger rival Tesla in China market.

Sat, 14 Nov 2020 21:02:29 GMT

Qualcomm to sell chips to Huawei

On Friday, the US government issued Qualcomm Inc a license to sell 4G chips to Huawei.

Sat, 14 Nov 2020 20:19:47 GMT

Gulfport Energy files for bankruptcy

On Friday, the US natural gas company Gulfport Energy Corp filed for bankruptcy amid the coronavirus impact on the industry.

Sat, 14 Nov 2020 18:50:28 GMT

UK to ban sale of new diesel and petrol cars

According to the FT report published on Saturday, the UK PM Boris Johnson is expected to give a speech next week to announce a ban on the sale of new diesel and petrol-powered cars from 2030.

Sat, 14 Nov 2020 17:59:18 GMT

Chinese regulatory warns of oligopolies

On Saturday, the Chinese Banking and Insurance Regulatory Commission said that innovation should not undermine healthy competition or create barriers to entry.

Sat, 14 Nov 2020 17:07:43 GMT

WU to suspend US money transfers to Cuba

Western Union announced on Friday that it was suspending money transfers from the United States to Cuba in ten days due to the latest US sanction.

Sat, 14 Nov 2020 15:58:03 GMT

Trump's supporters to protest election results

President Donald Trump's supporters plan to protest the US election results on Saturday in Washington DC and other cities.

Sat, 14 Nov 2020 15:02:21 GMT

President-elect Biden solidifies election win

On Friday, President-elect Joe Biden consolidated his victory over President Donald Trump after winning the state of Georgia.

Sat, 14 Nov 2020 13:59:54 GMT

O'Brien to represent US at Asia summit

Robert O'Brien, the US National Security Adviser, will represent the United States at the Association of Southeast Asian Nations summits, the White House announced on Friday.

Sat, 14 Nov 2020 13:03:17 GMT

GM recalls 69K EVs

General Motors Co decided on Friday to recall 69K Chevrolet Bolt electric vehicles worldwide amid a fire risk.

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