News

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Mon, 24 Feb 2020 14:44:37 GMT

Juul suspends e-cigarette sales in Indonesia

Juul Labs is halting Indonesia e-cigarette sales due to concerns that it cannot impair retailers from selling the company's high-nicotine e-cigarettes to young persons in a highly unregulated tobacco market.

Mon, 24 Feb 2020 14:21:03 GMT

Oil drops 4% on demand concerns due to coronavirus

On Monday, oil prices dropped by 4% due to the coronavirus rapid spread outside China, raising investor concerns about the impact on crude demand.

Mon, 24 Feb 2020 12:45:58 GMT

US bill to hurt encryption on Google, Facebook, others

US legislation that is set to be introduced as soon as the coming weeks would likely hurt Google, Facebook and other technology firms' ability to offer the end-to-end encryption to their users, Reuters reported.

Mon, 24 Feb 2020 11:02:56 GMT

Tesla renews tree cutting to build Gigafactory

Tesla has resumed Gruenheide's tree cutting to build its first EU car and battery plant called Gigafactory, despite environmentalists' moves to stop the local deforestation.

Mon, 24 Feb 2020 10:49:53 GMT

US sees no impact from coronavirus on trade deal

The US Treasury Secretary Steve Mnuchin stated on Monday that the does not expect any impact on US-China trade deal from the coronavirus.

Mon, 24 Feb 2020 10:36:45 GMT

Mastercard to add 1,5K tech jobs in Ireland

Mastercard has plans to hire 1,5K more employees to its Dublin global technology hub during the following three-to-five years, the US credit card issuer stated on Monday.

Mon, 24 Feb 2020 09:32:15 GMT

Blackstone to lift bid for Unizo to 6K yen per share

On Monday, Blackstone Group, the US private equity firm, announced it would increase its proposed bid price to acquire Unizo Holdings to 6K yen ($53.78) for a share, topping an offer made by Lone Star.

Mon, 24 Feb 2020 08:19:11 GMT

Mustier to stay as UniCredit's CEO

On Monday, Italy's largest bank UniCredit stated that Jean Pierre Mustier, its Chief Executive Office, was confirmed to stay on in his role, dismissing media reports about Mustier to take over the top job at the rival HSBC.

Mon, 24 Feb 2020 07:34:30 GMT

PepsiCo acquires China's Be & Cheery in $705M deal

PepsiCo Inc has agreed to acquire Be & Cherry, the Chinese snack brand, from the local jujube producer Haoxiangni Health Food in a deal valued at $705M, the companies said.

Mon, 24 Feb 2020 04:00:26 GMT

France backs Greece and Cyprus over tension in Aegean Sea

France's Defense Minister Florence Parly told the Vima newspaper in an interview on Sunday that France would support Greece and Cyprus over tensions in the Aegean Sea.

Mon, 24 Feb 2020 02:51:32 GMT

China to step up policy adjustments

The Chinese President Xi Jinping said on Sunday that the government would step up its policy support to help achieve economic and social development targets for 2020.

Sun, 23 Feb 2020 20:49:29 GMT

Mnuchin comments on coronavirus

On Sunday, the US Treasury Secretary Steven Mnuching stated that central bankers would look at options to respond to the impact of the coronavirus.

Sun, 23 Feb 2020 19:41:22 GMT

Bank of Japan addresses coronavirus

The Bank of Japan Governor Haruhiko Kuroda on Sunday stated that the central bank is ready to address any impact of the coronavirus.

Sun, 23 Feb 2020 19:31:54 GMT

Buffet comments on acquisitions

On Sunday, Warren Buffet commented on Berkshire Hathaway acquisition of Apple stock, as the company has not made any large purchases during the last four years.

Sun, 23 Feb 2020 17:41:07 GMT

Japan criticizes US tax

Finance Minister of Japan Taro Aso stated on Sunday that a proposed US tax could slow down progress on a global solution for taxing digital companies.

Sun, 23 Feb 2020 16:50:49 GMT

Sanders tightens grip on nomination

On Sunday, Bernie Sanders won the Nevada Democratic vote, which tightened his grip on the Democratic Presidential Candidate status.

Sun, 23 Feb 2020 16:28:38 GMT

French Finance Minister comments on coronavirus

The Finance Minister of the French Republic stated on Sunday that the country should make more goods that are needed for handling an epidemic.

Sun, 23 Feb 2020 14:44:25 GMT

Turkey shuts border with Iran

On Sunday, the Turkish government closed down its border with Iran to contain the spread of the coronavirus.

Sun, 23 Feb 2020 13:56:53 GMT

China prepares for economic hit

The President of China Xi Jinping announced on Sunday that China is preparing to cushion an economic decline, which would be caused by the coronavirus.

Sun, 23 Feb 2020 13:18:45 GMT

French PM trial starts

On Sunday, the former Prime Minister of France Francois Fillon stood before trial over the fake jobs scandal of 2017.

Sun, 23 Feb 2020 12:00:52 GMT

Beijing to spend $39B on infrastructure, housing

The Chinese capital plans to spend around $35.9B on infrastructure, household and high-tech industrial projects, a statement from Beijing's development and reform commission shows.

Sun, 23 Feb 2020 11:01:33 GMT

Qatari Emir to visit Jordan

Qatari Emir Sheikh Tamim bin Hamad Al Thani will visit Jordan to meet with the King Abdullah II of Jordan to discuss bilateral ties between the two countries.

Sun, 23 Feb 2020 10:03:17 GMT

IMF: China economy to normalize in Q2

The Chinese economy is widely expected to "return to normal in the second quarter" of the current year, the International Monetary Fund Managing Director Kristalina Georgieva says.

Sun, 23 Feb 2020 09:22:40 GMT

Argentina, IMF discuss debt agreement

The International Monetary Fund and Argentina have made progress in talks about restructuring the country's debt, a statement published by the Ministry of the Treasury of Argentina shows.

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