News

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Tue, 19 Nov 2019 19:20:44 GMT

Coca-Cola to make PET bottles from recycled plastic

Coca-Cola announced on Tuesday that it would start making PET bottles only from recycled plastic in Sweden, aiming to expand the use of recycled materials in western Europe.

Tue, 19 Nov 2019 17:48:17 GMT

EU car sales rise 8.6% in October

Passenger vehicle registrations in Europe increased 8.6% in October to the highest level in 10 years, supported by strong demand in France and Germany and a 29% gain in demand for Volkswagen.

Tue, 19 Nov 2019 16:47:48 GMT

Salesforce to use AI technology in call centre services

Salesforce.com, the business software provider, announced it would use AI technology from Amazon.com's cloud computing unit to enhance customer service apps.

Tue, 19 Nov 2019 15:44:48 GMT

German manufacturing production to fall 4%

Germany's manufacturing output is expected to decline 4% in 2019, with exports rising just 0.5% due to weaker foreign demand, the BDI industry association stated on Tuesday.

Tue, 19 Nov 2019 15:01:22 GMT

Didi Chuxing to trial ride-hailing service with Mercedes, Tesla cars

China's Didi Chuxing is set to trial its Japan premium ride-hailing service DiDi Premium, offering such vehicles as Mercedes Benz, Lexus and Tesla, the company announced on Tuesday.

Tue, 19 Nov 2019 13:51:07 GMT

France to delay its 5G spectrum auction

France is seen to postpone its planned 5G spectrum auction until March 2020 due to disagreements between the telecoms authority Arcep and French finance ministry about the spectrum's exact size to be auctioned.

Tue, 19 Nov 2019 13:00:14 GMT

Nintendo opens first official store in Japan

On Tuesday, Nintendo Co Ltd has launched its first-ever official store in the Japanese capital of Tokyo, in the city's trendy shopping district Shibuya, paving its way to the greater commercialisation of its popular characters cast.

Tue, 19 Nov 2019 12:37:57 GMT

Kohl's trims annual profit estimates on sluggish results

On Tuesday, Kohl's Corp reported it had trimmed its annual profit estimates right ahead of the holiday season, as the department store operator missed analysts' forecasts for the quarterly comparable earnings and sales, sending shares down 12%.

Tue, 19 Nov 2019 10:46:22 GMT

Crude oil declines on Tuesday

During the Asian and European trading sessions, crude oil price indices declined to $62 per barrel. The move was attributed to a forecast rise in US crude oil inventories.

Tue, 19 Nov 2019 10:12:06 GMT

SoftBank to build $30B tech giant through Yahoo Japan, Line deal

SoftBank Corp is planning to create a $30B tech giant via merging the internet division Yahoo Japan with Line Corp, the messaging app operator, amid its competition with the US tech powerhouses and its local rival Rakuten.

Tue, 19 Nov 2019 08:52:14 GMT

Russia's Sberbank, Mail.Ru to team up over taxi and food JV

Mail.Ru, the Russian internet company, and the state lender Sberbank have agreed to build taxi and food joint venture potentially worth $1.0B, Mail.Ru reported on Tuesday.

Tue, 19 Nov 2019 07:44:06 GMT

Italy antitrust launches inquiry into Auchan Italian assets sale

The Italian competition watchdog has launched an inquiry into the Auchan Retail's assets sale to its local co-operative retailer Conad, according to Reuters.

Tue, 19 Nov 2019 05:40:08 GMT

Reserve Bank of New Zealand increases monitoring

On Monday, representatives of the Reserve Bank of New Zealand announced that they would increase monitoring of Bank of New Zealand and its capital calculation process.

Tue, 19 Nov 2019 05:35:53 GMT

Kuroda denies previous statements

On Monday, as the Governor of Bank of Japan addressed the Parliament of Japan, the Governor denied ever stating that negative interest rates could deepened unlimitedly.

Tue, 19 Nov 2019 03:40:08 GMT

State Attorney General of New York investigates WeWork

On Monday, Reuters revealed that the State Attorney General of New York office is investigating WeWork.

Tue, 19 Nov 2019 03:33:45 GMT

US Congress questions Google and Ascension

The Energy and Commerce Committee of the US House of Representatives on Monday sent letters to Google and Ascension demanding briefings on patient data storage.

Mon, 18 Nov 2019 20:52:55 GMT

Warburg Pincus to sell Accelya to Vista

Warburg Pincus, the US buyout fund, is planning a sale of the EU airline services company Accelya to its rival private equity group Vista Equity Partners in a deal, which amount is not disclosed yet.

Mon, 18 Nov 2019 20:01:21 GMT

Alibaba to stop taking orders in HK listing

Alibaba is planning to close books from institutional investors for the Hong Kong $13.4B secondary listing earlier than expected as the Chinese group has attracted strong demand, Reuters reported.

Mon, 18 Nov 2019 18:50:38 GMT

Yandex offers revamp to allay Kremlin concerns

Russia's largest technology company Yandex made a proposal on Monday to set up a "public interest foundation", seeking to help oversee its business and allay Kremlin's fears over potential foreign influence.

Mon, 18 Nov 2019 18:10:30 GMT

HP shares fall amid Xerox bid rejection

On Monday, HP Inc shares dropped 5% after the PC maker rejected Xerox Holdings Corp's buyout offer, indicating it could make its own counter offer to acquire the US printer maker.

Mon, 18 Nov 2019 16:55:26 GMT

Scholz and Merkel reject demands for higher public spending

On Monday, Angela Merkel, the German Chancellor, and Finance Minister Olaf Scholz rejected demands made by the DGB labor union and the BDI industry to increase public spending.

Mon, 18 Nov 2019 16:03:15 GMT

US stocks ease from record levels

Wall Street's main indexes eased from its record levels on Monday. The DJI fell by 11.67 basis points at the opening bell, while the S&P 500 opened lower by 0.08%.

Mon, 18 Nov 2019 14:40:20 GMT

Air Arabia orders Airbus A320 jets

On Monday, Air Arabia stated that the firm would order 120 Airbus A320neo planes in a deal valued around $14 billion.

Mon, 18 Nov 2019 13:45:46 GMT

Johnson cancels tax cuts

On Monday, the Prime Minister of the United Kingdom Boris Johnson dropped corporate tax cuts. The decision was made to fund government spending prior to the upcoming election.

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