News

Note: This section contains information in English only.
Thu, 20 Sep 2018 14:32:01 GMT

US car safety agency awards five-star rating to Tesla's Model 3

Tesla's Model 3 car has been awarded a 5-star rating from the US car safety agency NHTSA, as the luxury sedan had no complaints, recalls or probes.

Thu, 20 Sep 2018 14:23:10 GMT

US initial jobless claims drop 3K last week

The number of applications for US unemployment benefits dropped to 201K for a third week in a row and in the week ending September 15, while analysts anticipated a surge to 210K.

Thu, 20 Sep 2018 13:38:54 GMT

Boeing and VSMPO-Avisma launch new JV in Russia

The largest titanium producer in the world VSMPO-Avisma and the US planemaker Boeing launched a new titanium joint venture in Russia's Sverdlovsk, according to the local government's report.

Thu, 20 Sep 2018 13:35:03 GMT

Rocket Internet prepares Jumia shopping platform for IPO

Rocket Internet, the German start-up investor, is preparing the African online shopping service Jumia for a potential IPO in New York in the next year's first quarter that could value the company at $1.0B.

Thu, 20 Sep 2018 12:39:11 GMT

Under Armour phases out 400 more jobs

Under Armour, the US sportswear maker, is set to cut 400 more jobs, which is 3% of the company's global workforce, in a turnaround push to reduce costs.

Thu, 20 Sep 2018 12:37:05 GMT

Lloyds Bank to set up third EU unit in Luxembourg

Lloyds Banking Group is planning to locate its third EU subsidiary in Luxembourg, as it aims to serve its customers the longstanding life insurance after the Brexit process will be completed.

Thu, 20 Sep 2018 10:53:45 GMT

Lime launches expansion to dozens of EU and North American cities

The bike and scooter-rental firm Lime to launch its expansion to dozens more European and North American cities this year, planning to start operating in Florida and Austria's Vienna as soon as the next week.

Thu, 20 Sep 2018 10:48:08 GMT

Goldman Sachs in talks over its fintech app sale

Goldman Sachs has launched talks with a few financial firms to spin off its fintech app Simon that is selling financial products to the retail investors.

Thu, 20 Sep 2018 09:51:56 GMT

EU approves McDonald's and Luxembourg tax deal

The authorities of the European Union have announced that the tax optimization deal made between McDonalds and Luxembourg is not illegal.

Thu, 20 Sep 2018 09:51:19 GMT

Shinzo Abe gains party support

The Prime Minister of Japan Shinzo Abe on Thursday won the leadership vote of his party. This event sets him on track to become the most long-lasting PM of the country.

Thu, 20 Sep 2018 09:33:56 GMT

Samsung affiliates plans sale of their entire stakes in tech group

On Thursday, two Samsung Group units stated they would sell their entire stakes in the conglomerate worth $867M, as the tech giant was urged to unwind the company's cross-shareholdings.

Thu, 20 Sep 2018 09:30:03 GMT

Total finalises Direct Energy and EV charging firm takeover deals

France's Total announced it had completed its takeover deals of the e-vehicle charging solutions firm and Direct Energy, the alternative power supplier, as part of the company's expansion in the local electricity market.

Thu, 20 Sep 2018 08:22:52 GMT

Dominion Energy to acquire rest of DEMP

Dominion Energy announced it would acquire the rest of stake in Dominion Energy Midstream Partners in the all-stock deal that would value the company at around $2.2B.

Thu, 20 Sep 2018 08:22:29 GMT

Coca-Cola nears acquisition of Nigeria's Chi juice

Coca-Cola is getting closer its plans to acquire Nigeria's Chi Ltd, the country's leading juice company, seeking to complete the takeover deal in the beginning of the next year.

Thu, 20 Sep 2018 07:00:28 GMT

IPO of Lilly's Elanco priced at $24 per shares

On Wednesday, Lilly's Elanco animal health unit's initial public offering was priced over the anticipated range at $24 a share, bringing the company's total value to $8.55B.

Thu, 20 Sep 2018 06:40:21 GMT

Miner Rio Tinto to return shareholders $3.2B of shares

Rio Tinto, the global miner, has announced on Thursday a $3.2B share buyback programme, after the recent sale of its Australia's assets.

Thu, 20 Sep 2018 06:38:06 GMT

Aston Martin plans £5.0B worth IPO in October

On Thursday, Britain's luxury carmaker Aston Martin stated it expected the valuation of about £5.07B in its October initial public offering, after setting its price range of £17.50-£22.50 per share.

Thu, 20 Sep 2018 05:29:53 GMT

Meituan jumps 5% on debut in positive sign for HK IPOs

Meituan Dianping jumped on debut in Hong Kong, valuing China's online food delivery-to-ticketing services company at about $55B, with a positive sign to firms lining up to list in the financial hub.

Thu, 20 Sep 2018 05:26:46 GMT

Britain's regulator fines Equifax for 2017 security breach

The UK regulator on Thursday fined Britain's arm of credit reference firm Equifax £500K pounds for failing to protect personal data of up to 15M people in Britain during a cyber attack in 2017.

Thu, 20 Sep 2018 04:03:11 GMT

Delta joins JetBlue, United in rising US baggage fees

Delta Airlines, the second-biggest US airline, joined other major companies, including JetBlue and United, in rising the US flight baggage fees to $30.

Thu, 20 Sep 2018 03:57:32 GMT

Amazon thinks to open up to 3K cashierless shops by 2021

Amazon.com was considering the company's plan to open 3K of Amazon Go cashierless stores in the following years, Bloomberg reported, citing sources familiar with the matter.

Thu, 20 Sep 2018 02:35:08 GMT

Merkel calls for respectful Brexit

Angela Merkel, the German Chancellor, called for respect and friendliness in the negotiations between the UK and the EU, seeking closer ties after Brexit.

Thu, 20 Sep 2018 02:32:31 GMT

Canada urges more flexibility by US in NAFTA

Justin Trudeau, the Canadian Prime Minister, stated that he wanted to see some flexibility from the US, if the two sides are set to reach an agreement on renewing NAFTA.

Wed, 19 Sep 2018 19:58:54 GMT

China and Japan representatives meet to discuss political relations

The vice chairman of the Standing Committee of the National People's Congress of China, Ji Bingxuan, meets with Kaieda Banri, a member of Japan's House of Representatives in Beijing to discuss political relations between two countries.

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