News

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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.

Thu, 19 Sep 2019 15:11:13 GMT

Indian automaker Tata Motors to lunch new EV in 2020

On Thursday, Tata Motor's Chief Executive Officer Guenter Butschek said that the company would lunch new electric vehicles in 2020.

Thu, 19 Sep 2019 13:36:34 GMT

Huawei launches new phone that lacks Google access

On Thursday, Huawei Technologies has launched its new phone that deemed to be the smartest 5G device in the world, but with no access to software and apps backed by Google due to the US ban imposed on the tech company.

Thu, 19 Sep 2019 12:37:24 GMT

Ryanair sees February realistic for flying Boeing 737 MAX

Ryanair's CEO Michael O'Leary stated on Thursday he thought February-March time period as the more realistic timetable for the carrier to launch flights by the grounded Boeing's 737 MAX planes.

Thu, 19 Sep 2019 10:44:59 GMT

Pennsylvania among other states to oppose T-Mobile, Sprint merger

Pennsylvania has joined over a dozen states, which had filed a lawsuit against the T-Mobile's $26B purchase of Sprint Corp, according to the New York Attorney General's statement on Thursday.

Thu, 19 Sep 2019 09:41:19 GMT

Bank of Japan keeps rates unchanged

On Thursday, the Bank of Japan made a monetary policy statement. The BoJ kept policy unchanged, despite the Fed cutting rates the day before.

Thu, 19 Sep 2019 09:35:54 GMT

Amazon to allow donating to presidential candidates via Alexa

Amazon announced it would make donations to the US Presidential candidates available via its digital assistant Alexa, saying their customers would have to simply say "Alexa, donate to [candidate name]".

Thu, 19 Sep 2019 08:09:19 GMT

UK Supreme Court to hold final hearing against Johnson

On Thursday, Britain's Supreme Court is set to hold final hearing of legal arguments to decide whether Boris Johnson, the UK Prime Minister, acted unlawfully regarding the Parliament suspension in a run-up to Brexit.

Thu, 19 Sep 2019 07:12:47 GMT

Dish, AT&T not in discussions over DirecTV deal

Dish Network Corp and AT&T are not currently in talks over a deal amid regulatory issues, a person close to the situation reported, after the WSJ said the wireless carrier was exploring a sale of its satellite TV unit DirecTV.

Thu, 19 Sep 2019 04:35:05 GMT

Italy cuts GDP growth forecast

New government of Italy announced its expectations for the economy to grow only about 0.4% in 2020, following 0.1% expansion this year, three sources said.

Thu, 19 Sep 2019 02:50:55 GMT

GM to lay off workers in Canadian plant

General Motors announced its plan to temporarily lay off nearly 1.2K workers at the company's Oshawa plant in Canada, which makes pickup trucks.

Thu, 19 Sep 2019 02:34:44 GMT

India bans electronic cigarettes

India banned electronic cigarettes' sales and warned of an epidemic among youth, in the latest move against vaping over increasing health concerns.

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