News

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Thu, 25 Jun 2020 06:41:37 GMT

Tencent acquires Malaysia's Iflix

On Thursday, Tencent announced it had acquired Malaysia's Iflix, the video streaming platform, in a deal that would help to expand its footprint in Southeast Asia.

Thu, 25 Jun 2020 06:15:57 GMT

Tesla to build battery manufacturing facility

Tesla Inc is planning to establish a battery manufacturing facility, based in California, under a project called "Roadrunner", official documents showed.

Thu, 25 Jun 2020 05:03:31 GMT

Mitie in talks to buy part of Interserve

Mitie Group was in advanced discussions to buy facilities management arm of Interserve for more than £250M, Sky News reported.

Thu, 25 Jun 2020 04:11:30 GMT

TIM to cash in €1.6B from INWIT stakes sale

Telecom Italia stated that it was set to cash in €1.6B from selling stakes in mobile tower group INWIT, as the phone group pushes ahead with debt reduction.

Thu, 25 Jun 2020 03:29:18 GMT

Apple buys Fleetsmith

Apple acquired San Francisco-based startup Fleetsmith, whose technology helps businesses to manage Apple's iPad and Mac devices among their employee bases.

Wed, 24 Jun 2020 21:41:16 GMT

GoDaddy: restructuring to impact 12% workforce

Web hosting firm GoDaddy revealed a restructuring plan affecting about 12% of total workforce, or 814 employees, amid the fallout from the coronavirus crisis.

Wed, 24 Jun 2020 19:52:26 GMT

UK's airports suggest 20k jobs at risk

The UK Airport Operators Association suggested on Wednesday that up to 20K jobs were at risk at UK's airports, as travel decline continues.

Wed, 24 Jun 2020 19:02:09 GMT

EA prolongs licensing contract with La Liga

On Wednesday, Electronic Arts extended its partnership with the Spanish La Liga for the exclusive FIFA rights until 2030.

Wed, 24 Jun 2020 18:01:54 GMT

Toyota holds $293M shares in Uber

According to Toyota's governance report published on Wednesday, the Japanese automaker Toyota Motor holds a $293 million shares in Uber.

Wed, 24 Jun 2020 16:59:34 GMT

Singapore selects Ericsson, Nokia to build 5G networks

Singapore's telecoms operators announced on Wednesday that they had selected Ericsson and Nokia to build 5G networks.

Wed, 24 Jun 2020 16:14:24 GMT

Gold prices edge higher

Gold prices edged higher to nearly eight-year highs on Wednesday, as concerns about a second wave of the COVID-19 pandemic kept investors and traders on edge.

Wed, 24 Jun 2020 14:53:52 GMT

Crude oil prices decline

Crude oil prices edged lower on Wednesday, the Brent crude was down by 1.9%, to $41.82 per barrel at 11:48 GMT, while the US West Texas Intermediate crude declined by 2.2%, to $39.46 a barrel.

Wed, 24 Jun 2020 14:19:16 GMT

World Bank approves $55M loan to Somalia

The World Bank approved a $55M loan to Somalia to support fiscal and economic policy reforms, a statement published by the bank shows.

Wed, 24 Jun 2020 13:14:12 GMT

German crude steel production declines

German crude steel production declined 27% to 2.6M tons in May, compared to the same period the previous year, the German Steel Federation reports.

Wed, 24 Jun 2020 12:31:31 GMT

German economic sentiment recovers in June

The German economic sentiment improved further in June, data published by the Ifo Institute for Economic Research show.

Wed, 24 Jun 2020 10:42:14 GMT

Google to invest in data centre in Poland

Google is set to invest $1.5B to $2B in Poland's data centre to deal with cloud computing services, the Puls Biznesu daily stated.

Wed, 24 Jun 2020 09:46:01 GMT

Volkswagen explores Europcar acquisition

Volkswagen AG was in talks to acquire Europcar Mobility Group SA, the car rental firm, in a deal, which would allow the car maker to better capitalize over its fleet.

Wed, 24 Jun 2020 09:24:57 GMT

Grab postpones partnership with Wirecard

Grab postponed partnership with Wirecard, days after the German payments firm revealed a $2.B financial hole threatening its future.

Wed, 24 Jun 2020 08:06:31 GMT

Gojek cuts 9% of headcount

On Tuesday, the Indonesian ride-hailing company Gojek announced that it would cut 9% or 430 of its workers.

Wed, 24 Jun 2020 07:04:58 GMT

Germany's Bayer close to glyphosate settlement

According to sources with knowledge of the matter, Germany's Bayer is close to reaching a $8-10 billion settlement with the US plaintiffs over claims its glyphosate-based Roundup weedkiller causes cancer.

Wed, 24 Jun 2020 06:01:15 GMT

Italian tax police arrests Alstom, Siemens executives

Italy's tax authority arrested the executives of the French Alstom and the German Siemens over the Milan subway deals, the Italian prosecutors announced on Tuesday.

Wed, 24 Jun 2020 04:51:43 GMT

WEG acquires 51% stake in Mvisia

The Brazilian electric motor producer WEG has acquired 51% stake in startup Mvisia, the company announced on Tuesday.

Wed, 24 Jun 2020 03:47:25 GMT

Didi aims for 1M self-driving cars by 2030

On Tuesday, Meng Xing, the Chief Operating Officer of the Chinese ride-hailing firm Didi Chuxing, said that the company plans to deploy over 1 million robotaxis on its platform by 2030.

Wed, 24 Jun 2020 02:53:11 GMT

Tesla, Google, Amazon criticize US H-1B visa ban

Tesla, Google and Amazon have criticized the US President Donald Trump decision to temporarily suspend the entry of certain foreign workers on H-1B visa into the United States.

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