News

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Wed, 08 Jan 2020 12:17:00 GMT

Facebook, eBay vow to deal with fake reviews better

Facebook and eBay pledged to better detect, probe and react to misleading and fake reviews, UK's CMA stated on Wednesday after putting pressure on the online platforms to address the problem.

Wed, 08 Jan 2020 10:54:06 GMT

Norway hopes for free trade with China

On Wednesday, the Norwegian Industry Minister Torbjoern Roe Isaksen stated to Reuters that Norway intends to make a free-trade deal with China.

Wed, 08 Jan 2020 09:41:11 GMT

Malaysia Airlines to avoid Iran airspace

Malaysia Airlines will try to avoid the conflict Iranian airspace, it reported on Wednesday, after military tensions escalated in the region.

Wed, 08 Jan 2020 08:47:04 GMT

BMW hits record 2019 sales, sees 2020 with confidence

Germany's carmaker BMW hit record sales of 2.5M vehicles last year, Pieter Nota, the company's sales chief, reported on Wednesday, adding he was optimistic about the BMW's outlook in 2020.

Wed, 08 Jan 2020 08:36:55 GMT

Luckin Coffee plans expansion into vending machines

Luckin Coffee stated it was seeking expansion into vending machines, shifting more of its focus to the Chinese market after overrunning Starbucks Corp as the country's largest coffee chain by the number of stores.

Wed, 08 Jan 2020 07:34:21 GMT

China's CITIC plans 42.3% stake sale in McDonald's

CITIC Group, China's state-owned conglomerate, is planning its 42.3% stake sale in Fast Food Holdings, the group that holds Chinese operations of McDonald's, seeking to raise at least $312M.

Wed, 08 Jan 2020 06:31:01 GMT

Regulators meet with Boeing

US and EU aviation regulators announced on Tuesday that they would meet with representatives of Boeing to wrap up a 737 MAX audit.

Wed, 08 Jan 2020 04:40:14 GMT

Trump holds discussion with Saudi Minister

On Tuesday, the US President Donald Trump stated that he had spoken about oil and stability in the region with the Vice Defence Minister of Saudi Arabia Khalid bin Salman.

Wed, 08 Jan 2020 04:31:46 GMT

Crude oil declines after tensions

In the aftermath of the start of the US-Iran tensions, crude oil price benchmarks declined. By the end of US trading, oil price benchmarks had fallen by one percent.

Wed, 08 Jan 2020 03:08:01 GMT

Dollar recovers prior losses

During Tuesday's US trading session, the US Dollar recovered losses that were suffered at the start of US-Iranian tensions.

Tue, 07 Jan 2020 21:01:45 GMT

Trump speaks with Merkel, Putin travels to Syria, Turkey

On Tuesday, the US President Donald Trump had a phone conversation with the German Chancellor Angela Merkel is regarding the situation with Iran, while the Russian President Vladimir Putin paid a visit to Damascus and then flew to Turkey to meet with Erdogan.

Tue, 07 Jan 2020 20:32:29 GMT

Oil prices down almost 1%

Crude oil prices plunged 57 cents or 0.9% on Tuesday, reaching $62.70 a barrel, amid a continuing escalation of the situation in the Middle East between the US and Iran.

Tue, 07 Jan 2020 18:57:01 GMT

Realme seeks to double phone shipments this year

China's Realme shipped 25M smartphones last year, seeking to double its reading to 50M in 2020, the phone maker reported on Tuesday during the launch of the company's first 5G device.

Tue, 07 Jan 2020 17:40:39 GMT

Toyota set to build "future city" prototype in Japan

Toyota Motor Corp is planning to construct the "city of the future" prototype, located at the Japanese Mt. Fuji's base and powered by the hydrogen fuel cells, while functioning as the laboratory for self-driving cars, AI and other technologies.

Tue, 07 Jan 2020 16:55:47 GMT

VW seeks damages from ex-supplier Prevent

Volkswagen is seeking over $112M in damages from its former supplier Prevent, filing its first claim for one of Prevent's subsidiaries, the carmaker announced on Tuesday.

Tue, 07 Jan 2020 15:51:24 GMT

Daimler sued over diesel cheating

Investors are suing Germany's Daimler for $1.0B, accusing the automaker of concealing its emissions-cheating software use, the German law company TILP stated on Tuesday.

Tue, 07 Jan 2020 15:38:34 GMT

Sony to launch self-driving cars test

Sony Corp is set to launch testing its self-driving cars this year to boost the tech giant's safety and sensing technologies, as the Japanese company accelerates the automotive push.

Tue, 07 Jan 2020 14:28:44 GMT

American Airlines agree on settlement with Boeing

American Airlines Group reached a settlement with Boeing Co to address damages incurred by the airline last year amid the Boeing 737 MAX planes' ongoing grounding.

Tue, 07 Jan 2020 12:49:32 GMT

Stocks rise on Tuesday

During Tuesday's European trading hours, global stock indices surged, as the anxiety caused by Middle East tensions decreased.

Tue, 07 Jan 2020 12:19:56 GMT

Musk rolls out Tesla SUV programme in China

Elon Musk has presented Tesla's Model Y electric SUV programme at the carmaker's new $2.0B Shanghai plant on Tuesday, according to Reuters.

Tue, 07 Jan 2020 10:41:38 GMT

Eurozone inflation increases

On Tuesday, Eurozone inflation data was published. The data revealed that in December prices rose by 0.3% on a monthly basis.

Tue, 07 Jan 2020 10:38:43 GMT

GM's China sales drop in 2019 amid weak economy

General Motors Co's China vehicle sales in 2019 fell 15% from 3.09M units year earlier due to a decline in overall auto sales caused by a slowing economy, the carmaker reported on Tuesday.

Tue, 07 Jan 2020 09:26:09 GMT

Uber ties up with Hyundai over electric air taxi

Uber Technologies, the US ride-hailing firm, is partnering South Korea's carmaker Hyundai Motor over developing electric air taxis, participating in the global race of making small self-flying vehicles to weaken urban congestion.

Tue, 07 Jan 2020 07:42:48 GMT

Ford's Q4 sales fall amid passenger cars low demand

Ford Motor reported a 1.3% drop in its Q4 cars sales, as lowering demand for passenger vehicles outweighed the pick-up trucks' higher sales.

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