News

Note: This section contains information in English only.
Mon, 13 Jul 2020 01:44:10 GMT

Kuwait's government submits debt law to Parliament

Safaa al-Hashem, the head of Parliament's Financial and Economic Committee, announced on Sunday that Kuwait's government had asked the Parliament to approve the public debt law.

Sun, 12 Jul 2020 19:49:03 GMT

Reliance gets Qualcomm backing

On Sunday, the digital unit of Reliance acquired the needed backing of Qualcomm to improve its 5G plans.

Sun, 12 Jul 2020 18:44:52 GMT

Volkswagen replaces head of software

Volkswagen announced on Sunday to Handelsblatt that the company would replace the company's head of software division.

Sun, 12 Jul 2020 17:44:30 GMT

Bank of Israel expects deficit

On Sunday, the Bank of Israel announced that it expects the Israeli budget to have a 13% of GDP deficit.

Sun, 12 Jul 2020 16:41:39 GMT

UK improves infrastructure

The UK government announced on Sunday that it would develop port infrastructure in London to stop possible future freight blockages.

Sun, 12 Jul 2020 15:41:01 GMT

Nornickel reports leak

On Sunday, the Russian mining company Norilsk Nickel announced another fuel leak in the Arctic.

Sun, 12 Jul 2020 14:45:40 GMT

Tesla reduces prices

Tesla announced on Sunday that the company would cut the price for Model Y vehicles, as the coronavirus has hit the auto sector.

Sun, 12 Jul 2020 13:41:53 GMT

Zozo and Onward announce tie-up

Nikkei announced on Sunday that Onward Holdings and Japanese retailer Zozo are to close a tie-up deal.

Sun, 12 Jul 2020 12:41:16 GMT

Huawei requests 5G delay

On Sunday, The Times reported that Huawei would request the UK government to delay the company's removal form the country's 5G network.

Sun, 12 Jul 2020 11:52:12 GMT

On prepares for IPO

A Swiss newspaper revealed on Sunday that the sports shoe producer On would apply for an initial public offering.

Sun, 12 Jul 2020 10:54:25 GMT

Engie designates new CEO

On Sunday, Reuters revealed that in September Engie would assign a new Chief Executive Officer.

Sun, 12 Jul 2020 10:08:49 GMT

Italy's high-yielding bonds draw investors

Despite the forecasted 11% decline of the country's economy this year, Italy offers the highest-yielding bonds in the euro area.

Sun, 12 Jul 2020 08:51:01 GMT

Engie to appoint new CEO in autumn

As the French multinational electric utility company, Engie seeks to shift in the direction of renewable energy, a new CEO candidate will be chosen in September.

Sun, 12 Jul 2020 08:35:21 GMT

Tesla reduces Model Y price

The leading US electric car manufacturer Tesla lowered the price of their Model Y by $3000, seeking to sustain the sales during the coronavirus-caused turbulences.

Sun, 12 Jul 2020 06:45:28 GMT

Onward, Zozo to tie-up as sales slump

Japan's Zozo and Onward are set to tie up in custom-made clothing to support each other in surviving a sales slump amid the coronavirus pandemic.

Sun, 12 Jul 2020 05:58:41 GMT

Cisco launches financing program for SMEs

Cisco launched the three-year financing program allowing SMEs in the Philippines to buy hardware, software and services at 0% interest and fixed monthly payments.

Sun, 12 Jul 2020 05:33:51 GMT

Huawei to delay its 5G network removal in UK

Huawei Technologies requested to meet with the UK Prime Minister Boris Johnson to cut a deal over the delay of the company's removal from the 5G network.

Sun, 12 Jul 2020 04:36:54 GMT

NordStar to acquire Torstar

Canadian media firm Torstar Corp reached an agreement to be acquired by NordStar at a 17.5% higher price over previous bid or 74 cents per share.

Sun, 12 Jul 2020 02:32:24 GMT

India negotiates trade deal with EU

India started negotiations over trade with the EU and is open to dialogue with the UK for a free trade agreement, the country's Trade Minister stated.

Sat, 11 Jul 2020 21:12:36 GMT

France's Safran to build new factory in Mexico

The world's third-biggest aerospace supplier Safran started to build a new plant in the northern Mexican state of Chihuahua, the Foreign Minister stated.

Sat, 11 Jul 2020 19:55:00 GMT

Tesla's CEO Musk net worth soars by $6.07 billion

According to the Bloomberg News Billionaires Index, the Chief Executive Officer Elon Musk's fortune surged by $6.07 billion, following a 10.8% jump in Tesla's shares.

Sat, 11 Jul 2020 18:55:30 GMT

Dubai announces $408M new economic package

On Saturday, the Crown Prince of the United Arab Emirates federation announced on Twitter a $408 million new economic support package.

Sat, 11 Jul 2020 17:59:07 GMT

CanSino Biologics in talks for coronavirus vaccine

The Co-Founder of CanSino Biologics Qiu Dongxu announced that the company is in talks with Saudi Arabia, Brazil, Russia and Chile to begin a Phase III trial of the coronavirus vaccine.

Sat, 11 Jul 2020 17:01:47 GMT

Congo's Justice Minister Tunda resigns

On Saturday, Celestin Tunda, Congo's Justice Minister, offered his resignation after a judicial reform dispute with the country's president.

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