News

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Fri, 20 Sep 2019 19:50:38 GMT

Fitbit in talks over potential sale

Fitbit Inc, the wearable device maker, was in discussions with the investment bank Qatalyst Partners over a potential sale due to challenges in successfully switching to smart watches from fitness trackers, according to Reuters.

Fri, 20 Sep 2019 18:51:02 GMT

Ryanair pilots cancel strikes

Ryanair announced on Friday that its UK pilots have called off a five-day of strikes fixed for September 21-29, as the airline called on the pilots to resume talks in Dublin or the Midlands next week.

Fri, 20 Sep 2019 17:50:53 GMT

India's Petronet set to sign deal with US LNG

According to sources familiar with the matter, India's Petronet LNG is expected to sign $2.5b deal with the US LNG developer Tellurian Inc.

Fri, 20 Sep 2019 16:54:21 GMT

Rosengren says monetary stimulus is not needed for US economy

Eric Rosengren, Boston's Federal Reverse Bank President, said in a statement on Friday that lowering interest rates to address uncertainty in the US economy was not needed.

Fri, 20 Sep 2019 16:03:42 GMT

Germany's governing parties agree on new climate protection package

According to a source with knowledge of the discussions, the German coalition government has reached a deal on a new climate package.

Fri, 20 Sep 2019 15:07:42 GMT

Thousands of student protesters demand global climate action

On Friday, thousands of student demonstrators took to the street around the world to demand global leaders to take action to prevent an environmental calamity.

Fri, 20 Sep 2019 14:03:09 GMT

Uber waits for decision renewal on London licenсe

Uber still awaits the renewal of a decision on its vital London licence, as it is set to expire next Wednesday, following the Transport for London rejection to the Silicon Valley company's licence renewal request filed in 2017.

Fri, 20 Sep 2019 13:15:08 GMT

Commerzbank explores Polish unit mBank's sale

Germany's Commerzbank is exploring a potential sale of its Polish division mBank on the back of the lender's new strategy with a decision to come after a meeting planned for the next week, according to Handelsblatt.

Fri, 20 Sep 2019 11:51:18 GMT

Queues for new Apple's iPhone 11 cut in China

On Friday, the latest 11 range of Apple's iPhone hit the Chinese stores with a significant reduction in queues for the legend flagman, amid rising demand for cheaper and feature-packed handsets.

Fri, 20 Sep 2019 11:05:42 GMT

EV start-up Rivian gets boost from Amazon.com order

Rivian Automotive LLC, the electric vehicle start-up, got a big jolt from its investor Amazon.com's order of 100K electric delivery vans with the deliveries starting in 2021, the company reported.

Fri, 20 Sep 2019 09:40:36 GMT

Asset prices rise on Friday

During Friday's Asian and European trading, asset prices surged, as global monetary stimulus reduced the value of currencies.

Fri, 20 Sep 2019 09:28:33 GMT

Microsoft names GSK's Walmsley to board

On Thursday, Microsoft Corp announced it had nominated the Chief Executive Officer of GlaxoSmithKline, Emma Walmsley, to the tech giant's board of directors.

Fri, 20 Sep 2019 08:38:09 GMT

Google plans €3.0B investment in EU data centres

Google is set to make another investment worth €3.0B within the following two years in the company's European data centres expansion, the tech giant's CEO Sundar Pichai stated in Finland.

Fri, 20 Sep 2019 07:38:38 GMT

Ping An's OneConnect set for NY listing in November

Ping An Insurance's financial technology unit OneConnect is set to launch the initial public offering in New York in this year's mid-November, a source familiar with the situation reported on Friday.

Fri, 20 Sep 2019 06:10:23 GMT

France's CNP, Brazil's Caixa sign $1.7B insurance deal

France's CNP Assurances has reached a $1.7B deal with Caixa Economica Federal that allows its insurance sale in over 3K branches of the bank, the Brazilian lender reported.

Fri, 20 Sep 2019 04:50:03 GMT

Ping Identity shares surge 25% in market debut

Ping Identity Holding's shares surged 25% to as much as $19.74 on Thursday in their US market debut, bringing the identity software firm a market value of around $1.46B.

Fri, 20 Sep 2019 04:27:05 GMT

Airbnb plans IPO next year

Airbnb, the home rental giant, is planning its shares listing in 2020, the company's website statement showed on Thursday, not providing any further details on the IPO plan.

Fri, 20 Sep 2019 03:08:12 GMT

SEC's Clayton concerns about growth of private markets

Jay Clayton, the Chairman of the US Securities and Exchange Commission, said on Thursday that he was worried about the negative interest rate and the health of private markets.

Fri, 20 Sep 2019 01:45:36 GMT

France's Finance Minister urges Germany to act on economy

France's Finance Minister Bruno Le Maire urged Germany to act on economy sooner rather than later, as Europe's largest economy is on the brink of recession.

Thu, 19 Sep 2019 19:52:27 GMT

Fiat Chrysler to test V2G technology with 700 EVs

Fiat Chrysler is testing the vehicle-to-grid technology with its experimental fleet of the 700 electric vehicles; a technology that allows power grids to use the stored energy in car batteries and face demand within peak hours.

Thu, 19 Sep 2019 18:51:04 GMT

Shields says he made millions from astronomical trades

Martin Shields, the former British investment banker, told the German judges on Thursday that he has made millions of euros from astronomical trades.

Thu, 19 Sep 2019 17:51:48 GMT

Zarif says military strike against Iran would result in war

The Iranian Foreign Minister Javad Zarif said on Thursday that any military strike from the US or Saudi Arabia against Iran would result in war.

Thu, 19 Sep 2019 17:00:53 GMT

Ryanair's CEO O'Leary wins bonus approval

On Thursday, Michael O'Leary, Ryanair's Chief Executive Officer, obtained approval from shareholders for a bonus plan that might earn him about 100m euros.

Thu, 19 Sep 2019 15:55:32 GMT

BMW wants to cut 5k to 6k jobs by 2022

According to the German magazine, Nicolas Peter, BMW's Chief Financial Officer, wants to cut about 5k to 6k jobs by 2020. The cut would mostly affect the company's Munich headquarters.

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