News

Note: This section contains information in English only.
Sun, 22 Nov 2020 13:53:46 GMT

China approves new IPOs

The China Securities Regulatory Commission approved IPOs of Shuhua Sports, Chengdu Rainbow Appliance and Sijin Intelligent Forming Machinery.

Sun, 22 Nov 2020 13:33:21 GMT

UK consumer spending to decline sharply in 2020

UK consumer spending is expected to decline 14.9% in 2020, compared to the previous year, the market research company Mintel reports.

Sun, 22 Nov 2020 13:24:23 GMT

Europe to lift ban from 737 MAX

The European Union Aviation Safety Agency stated on Sunday that it would lift its ban from the Boeing 737 MAX in January.

Sun, 22 Nov 2020 12:17:03 GMT

Nigeria falls into recession

According to the government data, Nigeria's GDP had decreased by 3.62% in Q3, thus representing a sign of a recession.

Sun, 22 Nov 2020 11:35:54 GMT

Western Union buys stake in STC Group

Saudi Telecom reported on Sunday that Western Union acquired a 15% stake worth $200M in its digital payment subsidiary, STC Group.

Sun, 22 Nov 2020 10:03:27 GMT

Guitar Center files for bankruptcy

On Saturday, the US biggest seller of music instruments, Guitar Center Inc, filed for bankruptcy amid the crisis caused by the coronavirus pandemic.

Sun, 22 Nov 2020 08:41:58 GMT

China to step up global COVID-19 vaccine alliance

On Saturday, the Chinese President Xi Jinping said that China is prepared to strengthen global coronavirus vaccine cooperation.

Sun, 22 Nov 2020 08:00:39 GMT

Canada, UK strike rollover trade deal

The British International Trade Secretary Liz Truss said in a statement on Saturday that the United Kingdom and Canada have signed a post-Brexit trade agreement.

Sun, 22 Nov 2020 07:08:07 GMT

US to add four more China firms to blacklist

The Trump Administration is planning to add four more China's companies, supported by the Asian country's military, to its blacklist, halting their access to US investors.

Sun, 22 Nov 2020 05:46:55 GMT

GE, Vietnamese firm sign power plant MOU

On Saturday, General Electric and a Vietnamese company inked a memorandum of understanding over the liquified natural gas power factory's development, GE and Trump Administration's official reported.

Sun, 22 Nov 2020 04:47:43 GMT

EU to end 737 MAX grounding in 2021

European regulator will end the grounding of Boeing's 737 MAX passenger jets as soon as January after US regulators lifted a 20-month-long ban caused by the plane model's two fatal crashes.

Sun, 22 Nov 2020 04:19:44 GMT

WU takes 15% stake in Saudi Telecom's arm

The biggest money transfer company in the world, Western Union, has bought a 15% worth stake in the Saudi Arabian STC Group's digital payment unit in a deal worth $200M.

Sun, 22 Nov 2020 00:47:20 GMT

WTO unveils its expectations from G20

On Saturday, the World Trade Organisation's official stated that the G20 should spend trillions of dollars to boost developing countries' trade financing to help the global economy to recover from the coronavirus pandemic.

Sat, 21 Nov 2020 21:32:52 GMT

Mexico stands against debt, bailouts in pandemic

The Mexican President Andres Obrador on Saturday called G20 leaders to avoid falling in debt during the ongoing pandemic.

Sat, 21 Nov 2020 20:15:26 GMT

Sunak confirms overall success of Brexit talks

The British Finance Minister Rishi Sunak stated on Saturday that the ongoing talks between the EU and UK over the post-Brexit agreement, in general, can be described as successful.

Sat, 21 Nov 2020 18:47:05 GMT

Italy hires banks for MPS privatisation

Italy's Treasury has hired Orrick and Bank of America as its legal and financial advisers for the Monte dei Paschi merger deal, Reuters reported.

Sat, 21 Nov 2020 17:55:51 GMT

Geely, Daimler see China as output hub

Geely Holdings and Daimler are considering China as their production hub for the hybrid powertrains deemed for Mercedes-Benz and Volvo cars.

Sat, 21 Nov 2020 16:45:15 GMT

Luminar to supply Mobileye with lidar sensors

The autonomous sensor start-up Luminar Technologies is set to supply its lidar sensors to Mobileye's self-driving fleet.

Sat, 21 Nov 2020 15:47:11 GMT

Firms seek Google lawsuit's tough data protection

Apple, the advertising titan GroupM and other companies demanded the Justice Department's judge in a lawsuit against Google to allow them tougher protection on certain data.

Sat, 21 Nov 2020 15:08:34 GMT

Delta, WestJet drop planned JV

Delta Air Lines and Canada's WestJet scrapped their proposed US-Canada joint venture, following the US government's demands for changes, which both airlines considered as "unreasonable and unacceptable".

Sat, 21 Nov 2020 14:23:55 GMT

G20 to debate on post-covid world

G20 leaders are set to discuss this weekend the economic recovery from the COVID-19 pandemic, as well as back the debt relief.

Sat, 21 Nov 2020 13:24:53 GMT

Italy chooses BoA, Orrick as advisors

According to sources familiar with the matter, the Italian government picked Bank of America (BoA) and Orrick as legal and financial advisors on Monte dei Paschi privatization.

Sat, 21 Nov 2020 12:33:51 GMT

South Africa's borrowing costs to increase

The Finance Ministrer of South Africa Tito Mboweni stated on Saturday that credit ratings downgrades by Fitch and Moody's would result in higher borrowing costs for the country.

Sat, 21 Nov 2020 11:12:59 GMT

Kudlow comments on economy slowdown

Larry Kudlow, the US President Economic Adviser, stated on Friday that the country's economy in his opinion was not decelerating.

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