News

Note: This section contains information in English only.
Wed, 11 Jul 2018 15:51:04 GMT

Trump remains optimistic after meeting Macron

After the leaders of the United States and the French Republic met both sides announced that issues regarding defence and trade will be solved.

Wed, 11 Jul 2018 15:50:57 GMT

Trump bashes Germany at NATO summit

On Wednesday, as leaders gathered for the NATO summit, Donald Trump announced that due to its energy policy Germany is now a captive of Russia.

Wed, 11 Jul 2018 15:00:53 GMT

Emergency bank funding drops in Greece

The central bank emergency funding to lenders in Greece decrease in June by almost 24%, compared to previous months.

Wed, 11 Jul 2018 15:00:10 GMT

CEO of Pfizer met with Trump

The Chief Executive Office of Pfizer on Tuesday had met with the US President Donald Trump to discuss the pricing of Pfizer drugs.

Wed, 11 Jul 2018 13:52:21 GMT

Israeli software provider Monday.com attracts $50M

Monday.com, Israel's management software provider, announced on Wednesday it had raised $50M in a funding round, taking the total attracted so far to $84M.

Wed, 11 Jul 2018 13:52:09 GMT

Apple could breach Japan's antitrust measures with iPhone

On Wednesday, Japan's watchdog stated that Apple might have breached the country's antitrust requirements by making the providers of mobile services to sell iPhones cheaply, charging higher monthly fees.

Wed, 11 Jul 2018 13:19:15 GMT

Australia aims to bar Huawei from 5G network project

Australia is getting ready to bar Huawei technologies from supplying its equipment for the 5G network project, citing securities concerns alleging Beijing to hand over the sensitive data.

Wed, 11 Jul 2018 13:13:17 GMT

Uber's CPO Hornsey quits after discrimination probe

Liane Hornsey, the Chief People Officer of Uber Technologies, has stepped down from her position on Tuesday in an email addressed to staff, after being involved in the racial discrimination probe.

Wed, 11 Jul 2018 12:37:44 GMT

Juneyao Airlines makes $1.9B investment for stake in China Eastern

Juneyao Airlines has invested $1.9B together with its parent for a nearly 5% stake in the state-controlled China Eastern Airlines, adding it is in line with China's policy.

Wed, 11 Jul 2018 12:34:56 GMT

GEMS postpones London IPO worth multibillion dollars

The Blackstone-backed education firm GEMS has postponed its initial public offering in London, following Dubai authorities' decision to freeze its tuition fees, sources reported.

Wed, 11 Jul 2018 11:38:09 GMT

Sainsbury's appoints Scicluna as its new Chairman

The British second biggest supermarket chain, Sainsbury's has appointed Martin Scicluna as the group's next chairman ahead of its $9.69B acquisition deal with rival Asda.

Wed, 11 Jul 2018 11:34:51 GMT

Israel seeks divesting rest of stake in Bank Leumi in 12 months

On Wednesday, the Israeli government stated it was considering a sale of the remaining 5.8% of stake in Bank Leumi, it's second-biggest lender, within a year of the lawmakers' approval.

Wed, 11 Jul 2018 10:16:14 GMT

China threatens the US with retribution

Chinese officials on Wednesday announced that the country will retaliate to the US bullying done through trade tariffs.

Wed, 11 Jul 2018 10:13:57 GMT

Chinese sovereign fund to be hit by trade wars

On Wednesday, the president of the Chinese sovereign fund announced that the investments are set to be influenced by trade wars.

Wed, 11 Jul 2018 09:25:06 GMT

Thomas Bravo to acquire controlling stake in Centrify

Thomas Bravo has agreed to buy a controlling stake in the cyber-security firm Centrify, with the deal expected to be announced as early as next Tuesday, sources reported on Wednesay.

Wed, 11 Jul 2018 09:21:26 GMT

France's Total, Brazil's Petrobras consider establishing joint venture

Petroleo Brasileiro's executive stated on Wednesday the state-led oil firm could possibly form a joint venture with France's Total, as the companies seek exploring more business options for renewable energy.

Wed, 11 Jul 2018 07:53:00 GMT

Canopy Growth to acquire Hiku Brands for nearly C$270M

The Canadian firm Canopy Growth is set to acquire Hiku Brands, the Tokyo Smoke cannabis owner, in a deal worth C$269.2M, beating its rival bidder WeedMD.

Wed, 11 Jul 2018 07:52:50 GMT

Univision considers The Onion, Gizmodo sale

Spain's Univision Communications stated it is exploring the possible sale of The Onion and Gizmodo Media Group and has hired Morgan Stanley as its Financial Adviser to help in the process of a sale.

Wed, 11 Jul 2018 07:34:53 GMT

AT&T to acquire cyber-security company AlienVault

On Tuesday, AT&T agreed to acquire the privately-owned Silicon Valley's start-up AlienVault that would allow the telecommunications company to expand its cyber-securities product line.

Wed, 11 Jul 2018 07:13:44 GMT

China's Luckin Coffee attracts $200M to boost expansion

On Wednesday, Luckin Coffee announced it raised $200M in a new fundraising round, bringing its value to $1.0B, as the Chinese start-up had been expanding aggressively to outrace its rival Starbucks.

Wed, 11 Jul 2018 06:39:59 GMT

JD.com's finance arm attracts $2.0B, doubles valuation

JD.com's finance unit raised around $1.96B in the fresh equity with China investors, doubling the valuation of the company ahead of the scheduled IPO.

Wed, 11 Jul 2018 06:36:34 GMT

21st Century Fox agrees $32.5B deal to buy Sky

On Wednesday, Rupert Murdoch's Twenty-First Century Fox agreed to acquire Britain's Sky in a deal that would value the pay-TV company at $32.5B, topping its rival Comcast's bid.

Wed, 11 Jul 2018 02:36:41 GMT

Japan machinery orders fall less than anticipated in May

Japan's core machinery orders dropped in May, pulling back from the prior month's big gain, though the decrease was softer than anticipated, easing concerns about slowing capital expenditure due to US-China trade war.

Wed, 11 Jul 2018 02:32:35 GMT

US to impose tariffs on extra $200B of China's imports

The Trump administration raised stakes in the trade war with China, saying that it is set to slap 10% tariffs on extra $200B worth of China's imports.

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