News

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Sat, 30 Mar 2019 06:09:47 GMT

Apple cancels new product

On Friday, representatives of Apple announced that the company will not put on the market its wireless charging mat AirPower. The mat had been in development since 2017. The event signals that there might be development issues at Apple.

Sat, 30 Mar 2019 05:35:42 GMT

China comments on Silk Road

On Saturday, Chinese officials announced that there exists strong prejudice against the Silk Road project. The announcement comes amidst various countries announcing that the Chinese initiative is a debt trap.

Sat, 30 Mar 2019 05:35:13 GMT

Trump sets rules for North Korea

Information published by Reuters on Saturday has revealed that Trump has given his demands to the leader of North Korea. The event indicates that a solution to the negotiations is upcoming.

Sat, 30 Mar 2019 03:44:36 GMT

US farmland suffer losses

It was announced on Friday that more than one million acres of US farmland has been hit by a storm that has flooded the fields. The news are set to increase global grain prices.

Sat, 30 Mar 2019 03:44:02 GMT

Australia increases security funding

On Saturday, the Australian government announced that it will increase its national security spending next year by $400 million. The spending is bound to boost the companies that supply the country's security forces.

Sat, 30 Mar 2019 03:32:19 GMT

Daimler requests Nokia probe

The German carmaker Daimler revealed on Friday that it has complained to the EU antitrust regulators about Nokia patents. The regulators are bound to check the claims against Nokia.

Sat, 30 Mar 2019 03:31:52 GMT

Honda confirms airbag deaths

On Friday, Honda announced that it has confirmed that sixteen people have died due to faulty air bags in Honda cars in the United States. The news are set to beat down the car producer's stock price.

Sat, 30 Mar 2019 01:40:56 GMT

Wall Street edges higher on US-China trade talks

On Friday, US shares extended its gains, as investors were hopeful of a deal during the ongoing trade talks between the United States and China.

Sat, 30 Mar 2019 01:40:34 GMT

Lyft stocks edge higher by 21.2% on Friday

On Friday, Lyft Inc stocks edged higher by 21.2% on Nasdaq debut IPO, as the company was valued about $24.3B.

Fri, 29 Mar 2019 19:51:16 GMT

Wells Fargo plans to appoint outsider CEO

According to analysts, the next Wells Fargo's CEO would likely be an outsider, with a finance executive experience, consumer banking and digital strategy.

Fri, 29 Mar 2019 19:51:07 GMT

Germany's unemployment rate hits new record low

On Friday, data showed that the German retail sales edged higher in February, as the country's unemployment rate reached a new historic low.

Fri, 29 Mar 2019 18:55:35 GMT

France says no Brexit deal is very likely

On Friday, the office of the French President Emmanuel Macron said that the United Kingdom leaving the EU without a deal is very likely, after the UK Parliament rejected Theresa May's Brexit deal.

Fri, 29 Mar 2019 18:55:17 GMT

Oil prices edge higher on Friday

Crude oil prices edged higher on Friday, as US sanctions against Venezuela and Iran helped to ease concerns over a global economic slowdown.

Fri, 29 Mar 2019 18:10:09 GMT

Sales of new US homes hit eleven-month high

The US Commerce Department said on Friday that sales of US new homes rose to an eleven-month high in February.

Fri, 29 Mar 2019 18:09:07 GMT

UK Parliament rejects PM May's Brexit deal

On Friday, Theresa May's Brexit withdrawal agreement was rejected for the third time by the UK Parliament, setting up a further clash between the government and MPs next week.

Fri, 29 Mar 2019 16:58:33 GMT

Indian current account deficit at 2.5% of GDP in Q3

The Indian current account deficit expanded to 2.5% of GDP in the period of October-December, or the Q3 of the current FY, from 2.1% in the same quarter year ago, the Central Bank stated.

Fri, 29 Mar 2019 16:54:57 GMT

US personal income falls 0.1% in January

The US personal income declined 0.1% in January, while consumer price growth remained stable, the US Commerce Department stated on Friday.

Fri, 29 Mar 2019 16:25:36 GMT

Spanish economic production eases last year

The Spanish economy grew at the weakest pace in four years in 2018, while the budget deficit dropped below the Brussels-set 3% of GDP target for the first time since the financial crisis, data revealed.

Fri, 29 Mar 2019 16:22:57 GMT

US consumer spending slows, price growth tame

The US consumer spending barely increased in January and income rose modestly in February, suggesting the country's economy was fast losing growth momentum after expansion slowed in the Q4.

Fri, 29 Mar 2019 14:56:41 GMT

Four parties raise interest over EWE stake

Four consortia have expressed their interest in the German utility EWE's 26% minority stake, with the first bids expected to be made in May or at the beginning of summer and would value the deal at about $1.7-1.8B.

Fri, 29 Mar 2019 14:50:31 GMT

VW, Siemens to team up over cloud technology

Volkswagen is set to cooperate with its integration partner Siemens over connecting its 122 factories to Amazon's cloud service, seeking to boost its efficiency in production, both firms announced on Friday.

Fri, 29 Mar 2019 14:37:16 GMT

Mondelez in talks for Campbell's international unit

Mondelez International, the Oreo cookies maker, has entered advanced talks to acquire the US food group Campbell Soup's international brands, according to a Bloomberg report.

Fri, 29 Mar 2019 14:27:48 GMT

China's NIO blocks IPO banks from from tie-ups with rivals

China's electric vehicle maker NIO has restricted the investment banks involved in its initial public offering from cooperating with rivals, marking the severe competition among the Chinese electric carmakers.

Fri, 29 Mar 2019 13:39:41 GMT

Daimler takes stake in Torc Robotics

Daimler Trucks agreed to acquire a controlling stake in the truck software developer Torc Robotics in the autonomous vehicle push, Daimler Trucks CEO Martin Daum stated on Friday.

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