News

Note: This section contains information in English only.
Tue, 21 Jan 2020 05:31:16 GMT

Microsoft disagrees with Alphabet

In response to Alphabet backing EU's proposed ban on facial-recognition technology, the President of Microsoft Brad Smith stated that there is an alternative to a ban.

Tue, 21 Jan 2020 03:40:12 GMT

Alphabet approves of facial recognition ban

The CEO of Google and Alphabet Sundar Pichai on Monday agreed with EU officials that facial recognition should be regulated.

Tue, 21 Jan 2020 03:35:20 GMT

EU intends to ban facial-recognition

On Monday, Reuters revealed that European Union officials had proposed a ban of facial-recognition technology. The event created responses from Microsoft and Alphabet.

Mon, 20 Jan 2020 21:19:04 GMT

France's billionaire Niel to acquire Nice Matin newspaper

On Monday, the French anti-trust regulator has cleared a plan by France's billionaire Xavier Niel to acquire the Nice Matin newspaper, not disclosing the price of the potential deal.

Mon, 20 Jan 2020 19:04:31 GMT

BBC's Hall to resign in six months

The BBC Director General Tony Hall is set to step down in half-a-year, ahead of the negotiations with the British Prime Minister Boris Johnson and his government about the publicly-funded broadcaster's financing model.

Mon, 20 Jan 2020 17:40:27 GMT

Tencent seeks to accelerate investment overseas

China's Tencent Holdings is seeking to accelerate its investment overseas, as well as in smart retail, by investing in over 800 companies, where 70 of the firms are listed, while more than 160 are valued at least at $1.0B.

Mon, 20 Jan 2020 16:53:14 GMT

Alphabet's CEO backs ban on facial-recognition tool

On Monday, Alphabet's CEO Sundar Pichai has supported a proposal made by the EU to temporarily block the facial-recognition technology due to potential threat of the tool's misuse.

Mon, 20 Jan 2020 15:40:02 GMT

Samsung Display plans to set up plant in India

Samsung Display is planning to invest about $500M investment to construct a new display factory in India, due to its parent Samsung Electronics' intention to expand smartphone production in the South Asian country.

Mon, 20 Jan 2020 15:14:47 GMT

Belgium's labour authority files court case against Deliveroo

On Monday, the Belgian labour authority has launched a court case against Deliveroo, the British food delivery company, severing working conditions for its 3,5K riders in Brussels.

Mon, 20 Jan 2020 14:32:44 GMT

Sinopec to review terms of potential $16B US gas deal

China's Sinopec, which is expected to become the following major buyer of the US liquefied natural gas, is set to review the potential $16B supply deal with Cheniere Energy amid a sharp plunge in LNG prices.

Mon, 20 Jan 2020 12:42:17 GMT

Czech investor Kretinsky raises stake in Casino

Daniel Kretinsky, the Czech businessman, and Patrik Tkac, his junior partner, announced on Monday they had boosted up their stake in the supermarket group Casino from 4.63% to 5.64%, supporting the struggling French retailer.

Mon, 20 Jan 2020 11:52:37 GMT

BAE pledges $2.2B to expand US electronic systems business

BAE Systems, the British defence company, is spending $2.2B to boost its US-based electronic systems operations, acquiring two businesses that had been offloaded due to the merger of the US competitors United Technologies and Raytheon.

Mon, 20 Jan 2020 10:41:04 GMT

Crude oil prices rise

During Monday's European trading hours, crude oil price benchmarks surged, as oil production in Lybia was shut down.

Mon, 20 Jan 2020 10:22:48 GMT

Guoxuan keeps negotiating with Volkswagen

Guoxuan High-Tech is continuing negotiations with Volkswagen over possible strategic cooperation in product, technology and capital, China's battery maker reported in its filing on Monday.

Mon, 20 Jan 2020 08:58:04 GMT

Samsung Display plans factory construction in India

Samsung Display is potentially planning to make about $500M investment into building a new plant in India, Reuters reported on Monday.

Mon, 20 Jan 2020 07:41:55 GMT

Samsung names its new mobile chief

On Monday, Samsung Electronics has appointed the youngest president as the company's new smartphone head, seeking to defend the handset market lead from increasing challenges from such rivals as Huawei Technologies.

Mon, 20 Jan 2020 06:21:07 GMT

Experts criticize BoJ policy

According to experts, the negative interest rate policy conducted by the Bank of Japan had minimum effect of the growth of the economy.

Mon, 20 Jan 2020 04:48:07 GMT

Subaru to electrify cars from next decade

The Japanese car maker Subaru Corp announced on Monday its plan to electrify each its car produced starting from 2030.

Mon, 20 Jan 2020 04:11:56 GMT

Macron and Johnson reiterate commitment to JCPOA

According to a statement from Downing Street, UK's Prime Minister Boris Johnson and the French President Emmanuel Macron restated their commitment to the Joint Comprehensive Plan of Action.

Mon, 20 Jan 2020 02:52:21 GMT

Breton to dismiss fears of 5G delay

Thierry Breton, the European Union Chief of Industrial Policy, is set to dismiss claims that strict security conditions might delay the rollout of 5G network in Europe.

Sun, 19 Jan 2020 20:40:26 GMT

EU dismisses fears of 5G delay

On Sunday, the EU Chief of Industrial Policy Thierry Breton stated that there are no security reasons to delay the implementation of a 5G network.

Sun, 19 Jan 2020 19:41:50 GMT

Pompeo expresses outrage to Sisi

The US Secretary of State Mike Pompeo on Sunday expressed outrage to the President of Egypt Abdel Fattah al-Sisi about the death of a detained US citizen.

Sun, 19 Jan 2020 19:24:08 GMT

Turkey addresses EU over drilling

On Sunday, Turkish officials called for the EU to stop prejudice against Turks in Cyprus and launched a new round of drilling for carbon resources near the Island.

Sun, 19 Jan 2020 17:54:40 GMT

Iran could review cooperation with IAEA

On Sunday, the Speaker of Iranian Parliament Ali Larijani stated that the country would re-evaluate its cooperation with the International Atomic Energy Agency of the UN.

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