News

Note: This section contains information in English only.
Tue, 18 Sep 2018 14:28:39 GMT

Russia to launch construction of two nuclear reactors

On Tuesday, the Russian President Vladimir Putin stated that the country's state atomic energy company Rosatom would start building two new nuclear reactors at the Hungarian power plant Paks in the near future.

Tue, 18 Sep 2018 14:15:17 GMT

Apple's CEO hopes for good turnout on US-China trade dispute

Apple's CEO Tim Cook, whose products bypassed the new US tariffs implemented on China's goods, stated he expected the trade talks between China and the United States to have a positive resolution.

Tue, 18 Sep 2018 13:39:38 GMT

Intel ex-President's start-up launches first chips

The start-up chaired by the former Intel President Renee James, Ampere Computing, has launched its first data centre chips made under the same technology as smartphone chips.

Tue, 18 Sep 2018 13:31:25 GMT

Mastercard, Visa agree to pay $6.2B over card-swipe fees

Mastercard, Visa and several US banks have reached a $6.2B settlement of a lawsuit filed by merchants over fees needed to be paid during the card payments acceptance.

Tue, 18 Sep 2018 12:35:07 GMT

Macron to pledge extra money into France's healthcare system

On Tuesday, the President Emmanuel Macron promised to pledge more money into France's strained healthcare system, as hospitals creak under pressure of clinics closures and budget constraints.

Tue, 18 Sep 2018 12:25:53 GMT

Ferrari to launch 15 new cars to boost earnings by 2022

Ferrari is set to launch 15 new car models, including utility vehicles and hybrid cars, as the luxury brand seeks to double its earnings by 2022.

Tue, 18 Sep 2018 11:26:57 GMT

Germany's Roth sees Brexit deal possible by autumn-end

Germany's EU Affairs Minister Michael Roth stated on Tuesday he saw the Brexit talks were productive and the deal was likely to be reached by November 2018.

Tue, 18 Sep 2018 11:26:24 GMT

Aldi launches Instacart delivery tie-up expansion to 35 US states

Aldi, the discount supermarket chain, has launched an expansion of its grocery delivery tie-up Instacart to 35 US states in time for Thanksgiving.

Tue, 18 Sep 2018 09:50:36 GMT

European stock markets ignore trade wars

Although Donald Trump announced new tariffs on Chinese goods on Tuesday, European stock markets gained more than a third of one percent by the middle of the day's trading.

Tue, 18 Sep 2018 09:44:40 GMT

Asian shares surge after Trump announcement

Asian stock markets surged on Tuesday, ignoring the US President's announcement of additional tariffs on Chinese goods.

Tue, 18 Sep 2018 09:38:10 GMT

South Africa's JUMO plans expansion in Asia

South Africa's fintech company JUMO is planning its expansion in Asia's fast-growing markets after gaining the support from Goldman Sachs in the equity funding round.

Tue, 18 Sep 2018 09:33:46 GMT

France's Interior Minister to step down by 2020

The French Interior Minister Gerard Collomb is planning to quit the government by 2020 with intention to run for Lyon's mayor, leaving Macron's government under pressure during the period of instability.

Tue, 18 Sep 2018 08:39:03 GMT

Audi plans launch of new electric SUVs in US

On Monday, Germany's luxury auto brand Audi announced it would launch new electric SUVs in the United States next year with the help by Amazom.com.

Tue, 18 Sep 2018 08:36:27 GMT

Google's Android to power Renault-Nissan new media system

On Tuesday, the Wall Street Journal said that Google's Android operating system would power Renault-Nissan next-generation media system, after the alliance had picked the tech giant for a partnership.

Tue, 18 Sep 2018 06:50:50 GMT

Haidilao attracts nearly $1.0B in IPO, luring investors

Investors are hungry for Haidilao, China's hotpot chain, after it had raised nearly $1.0B in its latest IPO in Hong Kong by pricing the company's shares at the highest of the indicated range.

Tue, 18 Sep 2018 06:50:34 GMT

Cigna's takeover deal gets US regulator approval

The health insurer Cigna has been granted an approval by the US antitrust regulator for its $52B takeover of Express Scripts Holding, the pharmacy benefits manager, allowing the companies to cut costs and boost medical and pharmacy benefits.

Tue, 18 Sep 2018 06:39:50 GMT

Spain's Cepsa seen to be valued at $11.6B after IPO

Spain's Cepsa is expected to be valued at $11.6B, as the oil firm is planning to sell about 25% in its initial public offering.

Tue, 18 Sep 2018 06:37:27 GMT

Activist fund ValueAct nearly doubles its stake in Horizon Discovery

ValueAct Capital, the activist hedge fund, has raised its stake in Horizon Discovery, building additional 7.5M shares from the investment firm Woodford Investment Management.

Tue, 18 Sep 2018 05:09:32 GMT

Singapore's CapitaLand acquires portfolio of US rental apartments

Singapore's biggest property developer CapitaLand stated on Tuesday it had clinched a deal to purchase the US rental housing assets for $835M to expand the company's global investment portfolio.

Tue, 18 Sep 2018 05:04:53 GMT

Univar to acquire rival Nexeo Solutions in $1.05B deal

The chemical distributor Univar has announced on Monday about its takeover of a rival Nexeo Solutions in the $1.05B worth cash-and-stock deal, amid the company's intention to expand its operations in North America.

Tue, 18 Sep 2018 04:38:30 GMT

Sky shareholders to decide on Fox's bid until Oct. 6

On Monday, Twenty-First Century Fox stated tat Sky shareholders have time to decide on its proposed £14 per share offer until October 6.

Tue, 18 Sep 2018 04:36:02 GMT

Uber considers buying its ride-hailing rival Careem

The ride-hailing giant Uber Technologies is in discussion to acquire its Dubai's ride-hailing rival Careem Networks in a potential deal of up to $2.5B, according to Bloomberg.

Tue, 18 Sep 2018 03:26:43 GMT

PIF to invest more than $1B in Lucid Motors

Saudi Arabian Public Investment Fund agreed to invest more than $1B in Lucid Motors, adding to the growing competition facing the US electric vehicle maker Tesla.

Tue, 18 Sep 2018 03:21:35 GMT

Nestle set to sell Gerber Life Insurance for $1.55B

Nestle stated that it would sell the company's Gerber Life Insurance to Southern and Western Financial Group for $1.55B in cash, helping the firm to focus on core consumer health and food and beverage businesses.

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