News

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Mon, 10 Feb 2020 20:44:04 GMT

Google's plans to buy African largest wind farm collapse

Wind turbine manufacturer Vestas announced on Monday that Google's plans to acquire a 12.5% shares in Africa's biggest wind farm have ended due to delay.

Mon, 10 Feb 2020 19:56:06 GMT

US stocks edge higher

On Monday, Wall Street's main indexes continued to rally, as Nasdaq recorded a new high. The Dow Jones Industrial Average rose by 0.14% at 12:49 pm ET, while the benchmark S&P 500 gained 0.26%.

Mon, 10 Feb 2020 18:54:17 GMT

Geely in talks to tie up with Volvo

China's Geely Automobile has entered talks with Volvo over a possible merger of their businesses to establish a stronger global automaker with Hong Kong listings and possibly in Stockholm.

Mon, 10 Feb 2020 17:41:24 GMT

WeWork shuts 100 China buildings due to coronavirus

WeWork, the office-sharing start-up, temporarily closed its 100 Chinese buildings over the coronavirus outbreak, the company's Chairman Marcelo Claure announced on Monday.

Mon, 10 Feb 2020 16:49:59 GMT

Tesla can get subsidies for German plant

Germany's Economy Minister stated on Monday that Tesla could receive state subsidies for its plan to build a gigafactory near Berlin.

Mon, 10 Feb 2020 16:18:25 GMT

Xerox lifts takeover bid for HP

On Monday, Xerox Holdings has increased its bid to acquire HP Inc from $22 for a share to $24, after several rejections of the previous buyout proposals made by the personal computer maker.

Mon, 10 Feb 2020 14:55:05 GMT

Italy's Exor explores $9B sale of PartnerRe

The Exor investment group, which controls the automaker Fiat Chrysler, has entered exclusive talks over the reinsurer PartnerRe sale to France's Covea; a potential deal that could be worth about $9B.

Mon, 10 Feb 2020 13:58:35 GMT

NTT, Sony pull out of Barcelona congress amid coronavirus

On Monday, NTT Docomo, the Japanese largest wireless carrier, and Sony Corp joined the list of companies which pulled out of the international telecoms conference hosted in Barcelona due to the coronavirus outbreak.

Mon, 10 Feb 2020 12:54:41 GMT

Glencore signs deal of cobalt supply to Samsung SDI

Glencore has secured a five-year agreement to supply up to 21K tonnes of cobalt to the battery producer Samsung SDI, on the back of rising demand for electric vehicles.

Mon, 10 Feb 2020 12:34:27 GMT

Automakers seek resuming China production

Carmakers including Tesla, Ford and Daimler are planning to resume their output at the Chinese plants after the coronavirus outbreak forced the companies to shut factories.

Mon, 10 Feb 2020 11:10:38 GMT

Germany says Tesla could get subsidies for its gigafactory

The economy minister of Germany stated that Tesla could get subsidies from the state for its gigafactory which is planned to be build near Berlin.

Mon, 10 Feb 2020 09:53:35 GMT

SoftBank expects sharp quarterly profit fall

Japan's SoftBank Group is likely to report a drop in its Q4 profits, deepening concerns about the bank's ability to secure Vision Fund's funding and facing pressure by the activist fund Elliott Management.

Mon, 10 Feb 2020 09:18:53 GMT

Foxconn allowed to restart Zhengzhou plant

Taiwan's Foxconn has been granted an approval to restart production at its plant in China's Zhengzhou that was suspended amid the coronavirus outbreak, Reuters reported on Monday.

Mon, 10 Feb 2020 08:19:40 GMT

Samsung rolls out new foldable phones

The world's top phonemaker Samsung Electronics unveiled its new square-shaped foldable smartphones in a surprise ad aired during Sunday's Academy Awards.

Mon, 10 Feb 2020 07:39:23 GMT

Washington dismisses idea of US acquiring Nokia, Ericsson

White House has dismissed an idea from William Barr, the US Attorney General, that the US considered taking over of the two major foreign competitors of China's Huawei Technologies.

Mon, 10 Feb 2020 06:23:42 GMT

New Zealand vows to manage coronavirus impact

The Prime Minister of New Zealand Jacinda Ardern stated on Monday that the coronavirus outbreak would definitely affect the economy, though its impact would be managable.

Mon, 10 Feb 2020 05:35:41 GMT

Oil price down to $50.24

Crude oil prices decreased 8 cents on Monday morning, reaching $50.24 a barrel, as traders focused on the upcoming production cuts by the OPEC countries.

Mon, 10 Feb 2020 04:01:22 GMT

Abu Dhabi in negotiations with banks

According to sources with knowledge of the matter, Abu Dhabi government is in talks with banks for possible debt sales to the global markets.

Mon, 10 Feb 2020 02:51:36 GMT

Mattel to close Canada factory

According to the Wall Street Journal report on Sunday, Mattel Inc will shut down the Canadian factory after closing two manufacturing plants in Asia.

Sun, 09 Feb 2020 20:58:23 GMT

Trump to propose budget changes

According to the White House officials, the US President Donald Trump is expected to propose tomorrow 21% decrease of budget of foreign aid and social safety programs.

Sun, 09 Feb 2020 20:02:16 GMT

Sinn Fein wants to enter Irish government

Mary Lou McDonald, the head of the Irish nationalist party Sinn Fein, stated on Sunday it would be undemocratic and unjust to forbid the party from becoming part of the Irish government.

Sun, 09 Feb 2020 18:47:12 GMT

Storm hits Britain

The storm Ciara reached the United Kingdom on Sunday. The storm caused cancellation of train and flight services, which hit the economy.

Sun, 09 Feb 2020 17:43:52 GMT

Kashmir goes on strike

On Sunday, a general strike started in Kashmir, as the Jammu Kashmir Liberation Front marked an anniversary.

Sun, 09 Feb 2020 16:50:17 GMT

Boeing plane makes hard landing

On Monday morning, the stock of Boeing could decline, as on Sunday a Boeing airplane made a hard landing in Russia.

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