News

Note: This section contains information in English only.
Mon, 24 Aug 2020 12:13:26 GMT

Tesco to add 16K more permanent jobs

On Monday, the British biggest supermarket Tesco announced it would add 16K more permanent jobs in a boost of its online business, adding it could even raise the number of job positions due to rapidly growing sales.

Mon, 24 Aug 2020 11:24:48 GMT

Takeda plans Japan unit sale

On Monday, Takeda Pharmaceutical is planning a sale of its Japan consumer healthcare unit, valued at $2.29B, to Blackstone Group.

Mon, 24 Aug 2020 09:15:31 GMT

Facebook France to pay €104M in taxes

Facebook has agreed on paying €104M in taxes in France, including a penalty, according to Capital, the French financial magazine.

Mon, 24 Aug 2020 08:13:22 GMT

Blackstone to buy Ancestry.com in $4.7B deal

Blackstone Group is set to buy the world's biggest DNA provider Ancestry.com in a deal with private equity rivals worth $4.7B, including debt, according to Reuters.

Mon, 24 Aug 2020 06:44:48 GMT

ByteDance investors consider stake use for TikTok bid

China's tech firm ByteDance investors are considering their stakes usage to finance the short-video app TikTok bid, according to sources with knowledge of the matter.

Mon, 24 Aug 2020 06:38:06 GMT

Pearson names Walt Disney's Bird as new head

Pearson, the global education publisher, has named Walt Disney's executive Andy Bird as the company's new CEO, effective starting October 19.

Mon, 24 Aug 2020 05:03:52 GMT

Effective unemployment in Australia to exceed 13%

The Treasurer of Australia Joshua Frydenberg announced on Sunday that Australia's effective unemployment would exceed 13% at the end of September.

Mon, 24 Aug 2020 04:04:46 GMT

EU's Trade Commission won't resign

The European Commission for Trade Phil Hogan will not resign, an EU official close to the commissioner stated on Sunday.

Mon, 24 Aug 2020 02:58:05 GMT

Mechichi to restructure Tunisia's economic ministries

According to political sources, Tunisia's incoming Prime Minister Hichem Mechichi plans to merge the ministries of investment, state property and finance into one department.

Mon, 24 Aug 2020 01:46:01 GMT

Saudi Energy Ministry to offer assistance to Neom

Saudi Arabia's Minister of Energy Prince Abdulaziz bin Salman Al-Saud announced on Sunday that the Saudi Energy Ministry would offer assistance to Neom.

Sun, 23 Aug 2020 20:38:23 GMT

BHP evacuates oil platforms

BHP stated on Sunday it made a decision to evacuate its Neptune and Shenzi oil platforms amid the upcoming hurricane and tropical storm in the Gulf of Mexico.

Sun, 23 Aug 2020 19:35:27 GMT

Oil firms stop work in Gulf of Mexico

According to the US government, energy companies temporary stopped oil extraction in the Gulf of Mexico amid the approaching hurricane and tropical storm.

Sun, 23 Aug 2020 18:04:11 GMT

Microsoft files claim against Apple

Microsoft Corp filed a claim against Apple Inc claiming that the latter's intention to evict Epic Games from developer tools would negatively affect the company's business.

Sun, 23 Aug 2020 17:21:47 GMT

Maduro expresses gratitude to Iran

The President of Venezuela Nicolas Maduro thanked on Sunday Iran for helping the country to overcome sanctions imposed by the US against its oil industry.

Sun, 23 Aug 2020 16:10:09 GMT

Tunisia to restructure economic ministries

Hichem Mechichi, the incoming Prime Minister of Tunisia, is planning to merge the Ministry of State Property, Investment and Economy and put economist Ali Kooli in charge of it.

Sun, 23 Aug 2020 14:36:41 GMT

Metro AG CEO to quit

The CEO of the German multinational retailer Metro AG - Olaf Koch will leave the company by the end of 2020, the firm will be looking for a successor.

Sun, 23 Aug 2020 13:32:52 GMT

Chinese premier predicts economic growth

The Premier of the State Council of China stated that despite the consequences of the turmoil caused by the COVID-19 pandemic, the economic growth is expected to step up this year.

Sun, 23 Aug 2020 12:17:45 GMT

Saudi Ministry of Energy to support Neom

On Sunday, Saudi Arabia's Minister of Energy affairs stated that the ministry is ready to provide support for the development of the $500B Neom project, a high-tech city near the Red Sea.

Sun, 23 Aug 2020 11:34:59 GMT

COVID-19 death toll passes 800K

Globally, more than 800K people have died due to the coronavirus while the US fatalities passed 170K on Sunday, the fastest surge of deaths is recorded in the US, Brazil and India.

Sun, 23 Aug 2020 10:30:26 GMT

Jackson Hole gathering next week

The annual conference will be held online with the participation of the US central bankers, among the topics discussed will be the monetary policy review on Thursday.

Sun, 23 Aug 2020 09:03:20 GMT

US home sales soar

The sales volume of previously-owned houses surged 24.7% during the first two months of summer in the US, fueled by the government stimulus and the consumer interest of low-density housing.

Sun, 23 Aug 2020 08:20:04 GMT

Coronavirus cases soar in South Korea

On Sunday, the South Korean officials reported a record-high number of new COVID-19 cases, sterner distancing rules might be implemented to prevent further outbreaks.

Sun, 23 Aug 2020 07:03:45 GMT

China to support Hong Kong as financial hub

The China Banking Regulatory Commission assured to continue supporting Hong Kong as a financial hub after the US-China tensions over the autonomy of Hong Kong have sparked.

Sun, 23 Aug 2020 06:34:43 GMT

Indonesia gets Sinovac's COVID-19 vaccine

The Chinese biopharmaceutical company Sinovac Biotech Ltd will deliver 50M doses of the coronavirus vaccine concentrate to Indonesia where the vaccine will be produced further locally.

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