News

Note: This section contains information in English only.
Mon, 02 Mar 2020 17:41:10 GMT

Switzerland files complaint against CIA

The government of Switzerland has lodged a criminal complaint against the US Central Intelligence Agency over its cryptography company's use allegedly as a front with the aim to spy on secret communications of different governments, the Swiss official said.

Mon, 02 Mar 2020 16:59:46 GMT

Nokia names Fortum head Lundmark as new CEO

On Monday, Nokia has appointed Pekka Lundmark, the energy group Fortum's current CEO, as the Finnish company's new Chief Executive to succeed Rajeev Suri, who is set to resign in September.

Mon, 02 Mar 2020 16:23:59 GMT

Trump calls on US Fed to cut rates

On Monday, the US President Donald Trump has put pressure on the US central bank to trim interest rates, claiming the Federal Reserve was "slow to act" and calling on it to be more aggressive.

Mon, 02 Mar 2020 14:42:06 GMT

WillScot, Mobile Mini plan all-share merger deal

The US mobile office trailers biggest supplier, WillScot Corp, is set to combine in about $6.6B worth all-share deal with the largest US portable storage solutions provider, Mobile Mini Inc, both companies stated on Monday.

Mon, 02 Mar 2020 13:40:40 GMT

Toyota to set new $1.2B EV factory in Tianjin

The Japanese carmaker Toyota is planning to construct a new $1.22B electric car plant in China's city of Tianjin, in a joint venture with FAW Group, its local partner, Toyota announced on Monday.

Mon, 02 Mar 2020 13:06:00 GMT

Samsung launches R&D centre building Vietnam

Samsung Electronics has launched building its $220M worth research and development centre in Vietnam, the local unit of South Korea's tech giant announced on Monday.

Mon, 02 Mar 2020 11:10:43 GMT

Hyundai posts weakest monthly sales in ten years

Hyundai Motor reported on Monday its record-low monthly global sales in ten years in February due to the coronavirus outbreak's negative impact on demand.

Mon, 02 Mar 2020 10:22:42 GMT

Lufthansa calls off China and Tehran flights

On Monday, Lufthansa announced it was suspending all flights to China and Tehran until April 24 and April 30 respectively amid the coronavirus outbreak.

Mon, 02 Mar 2020 08:56:39 GMT

Nokia names Fortum head Lundmark as new CEO

Nokia has appointed Pekka Lundmark, the energy group Fortum's current CEO, as the Finnish company's new Chief Executive to succeed Rajeev Suri, who is set to resign in September, Nokia stated on Monday.

Mon, 02 Mar 2020 07:44:41 GMT

NMC Health picks Moelis for debt restructuring

The UAE health company NMC Health has selected Moelis & Co as an adviser for a debt restructuring, on the back of the investigation launched by Britain's FCA into NMC's finances, after the firm's shares were suspended on the LSE last week.

Mon, 02 Mar 2020 07:39:13 GMT

South Korea's Jeju Air takes over Eastar Jet

On Monday, South Korea's budget airline Jeju Air Co stated it was set to buy 51% stake in its rival Eastar Jet for $45.49M, at the lower price than was announced initially due to the coronavirus outbreak.

Mon, 02 Mar 2020 06:02:29 GMT

HNA Group's companies' share up

The value of shares of companies controlled by HNA Group increased on Monday as the conglomerate asked the Chinese government to help to negate liquidity risk related to coronavirus.

Mon, 02 Mar 2020 05:16:47 GMT

BOJ to stabilize markets

Haruhiko Kuroda, the Governor of the Bank of Japan, stated on Monday that the bank would take necessary steps to stabilize marks affected by the outbreak of coronavirus.

Mon, 02 Mar 2020 04:01:46 GMT

Italy to introduce measures to tackle coronavirus

On Sunday, the Italian Finance Minister Roberto Gualtieri said that the government would introduce bills worth of $3.5B to help tackle the impact of the coronavirus outbreak on the economy.

Mon, 02 Mar 2020 03:01:55 GMT

Saudi Arabia's economy grows by 0.3% in 2019

According to data from the General Authority for Statistics on Sunday, the Saudi Arabian economy increased by 0.3% last year, as the oil industry declined.

Sun, 01 Mar 2020 21:15:11 GMT

United Airlines likely to cut some flights

The United Airlines CEO Oscar Munoz stated on Sunday that the company most probably would cut a number of flights amid diminishing demand caused by the outbreak of coronavirus.

Sun, 01 Mar 2020 20:33:34 GMT

UK expects more coronavirus cases

The Prime Minister Boris Johnson stated on Sunday that the number of coronavirus in the country has increased to 36 and the government expected more to come.

Sun, 01 Mar 2020 18:41:40 GMT

Qatar strengthens ties with US

On Sunday, Qatar and the US strengthened their diplomatic ties, as Qatar arranged a deal between the US and Taliban.

Sun, 01 Mar 2020 18:09:29 GMT

Sanders raises funds for election

On Sunday, it was revealed by Reuters that Bernie Sanders had raised more than $45 million for his election campaign.

Sun, 01 Mar 2020 16:41:33 GMT

Italy uses debt for battling coronavirus

The Italian government announced that it would go into debt to finance economic measures that should ease the impact of the coronavirus.

Sun, 01 Mar 2020 16:19:31 GMT

Turkey eases border control

On Sunday, the government of Turkey eased controls on borders allowing illegal immigrants to head out to Greece.

Sun, 01 Mar 2020 14:40:40 GMT

Samsung and LG Innotek close down plant

Samsung and LG Innotek announced on Sunday that they would close down their South Korean plants.

Sun, 01 Mar 2020 13:49:09 GMT

Irish central bank comments on inflation

On Sunday, the head of the Irish central bank Gabriel Makhlouf stated that housing costs should have a larger weight in calculating inflation.

Sun, 01 Mar 2020 13:02:05 GMT

Italy to introduce measures to tackle coronavirus outbreak

On Sunday, the Italian Finance Minister Roberto Gualtieri said that the government would introduce bills worth of $3.5B to help tackle the impact of the coronavirus outbreak on the economy.

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