News

Note: This section contains information in English only.
Thu, 05 Jul 2018 15:29:40 GMT

Jaguar to leave the UK in case of bad Brexit

On Wednesday, British carmaker Jaguar said that a trade deal between the UK and the EU is necessary for a company to continue its operations in the UK, otherwise British manufacturer could not stay in the UK.

Thu, 05 Jul 2018 15:22:12 GMT

Ford plans to preserve China prices despite new tariffs

On Thursday, Ford Motor Co claimed that it has no plans to hike suggested retail price of imported Lincoln and Ford models in China despite the new additional tariffs on US vehicles.

Thu, 05 Jul 2018 14:01:08 GMT

Micron expects only 1% hit on Q4 revenue from Chinese ban

On Thursday, Micron Technology stated that China's temporary ban on the patent infringement lawsuit filed against the US chipmaker would hit its Q4 revenue only by 1%.

Thu, 05 Jul 2018 13:57:33 GMT

Hudson's Bay agrees on 50% EU business sale to form JV with Signa

Hudson Bay's agreed to sell around 50% of its EU business to the Austrian group Signa Holding in the deal that tie up two German department store chains together, the media reported on Wednesday.

Thu, 05 Jul 2018 13:30:30 GMT

Fosun acquires nearly 70% of match-making assets from chairman

Fosun International stated it would acquire 69.18% match-making assets from Baihe Jiayuan Network Group's Chairman Guo Guangchang in a cash deal valued at $603.4M.

Thu, 05 Jul 2018 13:21:54 GMT

Huawei, Altice team up to make Portugal EU leader in 5G

Portugal's telecoms company Altice and China's electronics giant Huawei are working closely to help Portugal become the European leader in the 5G networks' development.

Thu, 05 Jul 2018 12:37:46 GMT

Petra Diamonds sells its Kimberley JV's stake for $22M

On Thursday, the British miner Petra Diamonds announced it had sold a stake in the joint venture of Kimberley Ekapa Mining for around $22M.

Thu, 05 Jul 2018 11:15:43 GMT

Pompeo flies to North Korea

The US Secretary of State Mike Pompeo went on Thursday to North Korea to have another round of negotiations with Kim Jong-un and discuss liquidation of its nuclear plants and arsenal.

Thu, 05 Jul 2018 11:15:36 GMT

WTO warns of risks to economic growth

The World Trade Organization (WTO) stated on Thursday that chain of trade barriers initiated by the United States has already shown negative effects on global economic growth.

Thu, 05 Jul 2018 10:06:32 GMT

Donald Trump will visit the United Kingdom

As Donald Trump prepared to visit the United Kingdom next week, various political analysts noticed that Britain is set to be more dependent on its alliance with the USA.

Thu, 05 Jul 2018 10:05:39 GMT

European markets shrug off Asian pessimism

European stock markets continued to gain on Thursday in contrast to the session of decline experienced during the Asian session.

Thu, 05 Jul 2018 09:20:35 GMT

Oil down amid OPEC-Trump clash

Crude oil prices dropped by 11 cents on Thursday, reaching $74.03 a barrel, as the US President Donald Trump urged OPEC members to cut their prices.

Thu, 05 Jul 2018 09:16:42 GMT

Kenya to participate in Project Loon

The Information, Communication and Technology Minister of Kenya Joe Mucheru stated on Thursday the government will use special balloons developed by Alphabet X to provide Internet in hard-to-reach rural places.

Thu, 05 Jul 2018 08:13:51 GMT

Grab-Uber deal undermines competition

The Competition and Consumer Commission of Singapore stated on Thursday that sale of Uber's Southeast Asian business to Grab resulted in lower competition on the Singapore market and proposed to fine both companies.

Thu, 05 Jul 2018 08:07:52 GMT

ZTE announces name of new CEO

According to the Wall Street Journal, Xu Ziyang was nominated as the new Chief Executive Officer of Chinese networking gear and smartphone maker ZTE Corp.

Thu, 05 Jul 2018 07:39:22 GMT

Taiyo Nippon Sanso to acquire Praxair EU assets for $5.9B

On Thursday, Japan's industrial gas firm Taiyo Nippon Sanso announced it had agreed to acquire a part of the EU assets of Praxair in a possible deal worth $5.9B.

Thu, 05 Jul 2018 07:36:25 GMT

Embraer-Boeing negotiations come to final stage

Embraer's CEO Paulo Souza e Silva stated that the company's talks with Boeing over a merger of operations are in its final stage, Valor Economico reported late on Wednesday.

Thu, 05 Jul 2018 05:29:09 GMT

China's Xi Jinping warns graft fight not over

China's fight against deeply ingrained corruption was not over, and the Communist Party was facing enormous challenges while going forward, the country's President Xi Jinping warned.

Thu, 05 Jul 2018 05:21:33 GMT

IMF cuts economic growth forecast for Germany to 2.2% in 2018

The International Monetary Fund cut the forecast for Germany's GDP growth to 2.2% in 2018, saying that the threat of hard Brexit and rising protectionism exposed the economy to significant short-term risks.

Thu, 05 Jul 2018 03:06:10 GMT

Netflix premiers series in Bollywood

Netflix premiered the first series in India's Bollywood, raising the stakes in the battle with streaming competitor Amazon Prime for the country's more than 1B potential viewers.

Thu, 05 Jul 2018 02:58:00 GMT

Mexico authorities mull $10M fine for election victors

The party of the Mexican President-elect Andres Manuel Lopez Obrador could face a $10M fine for campaign finance rules' violations, the national electoral institute stated after the group's wide-reaching election victory.

Thu, 05 Jul 2018 02:39:28 GMT

Jaguar to leave UK in case of bad Brexit

Britain's largest carmaker Jaguar Land Rover stated that a so-called hard Brexit would cost it £1.2B a year, curtailing the company's future operations in the United Kingdom.

Thu, 05 Jul 2018 02:36:22 GMT

Airbus: US trade dispute to impact air traffic

Airbus Chief Executive Tom Enders stated that he was worried that an escalation in the US trade dispute with other countries is likely to trigger retaliation, which could impact air traffic.

Wed, 04 Jul 2018 20:30:13 GMT

Brazil police arrest head of GE Latin America

On Wednesday, Brazilian police arrested a top executive of General Electric Co in Latin America, Daurio Speranzini Jr, as a part of investigation of medical equipment fraud scheme. 

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