News

Note: This section contains information in English only.
Thu, 31 May 2018 18:30:53 GMT

EU Juncker: US steel tariffs unjustified

The EU strongly believes the US unilateral steel and aluminium tariffs are unreasonable and in confrontation with World Trade Organisation rules, the European Commission President Jean-Claude Juncker says.

Thu, 31 May 2018 18:30:10 GMT

EIB finances Ericsson for 5G research

The European Investment Bank finances Ericsson to fasten 5G mobile network research and implementation in Europe, the European Commission announces in a press release.

Thu, 31 May 2018 16:52:07 GMT

Ukraine plans $1.68B port infrastructure modernization

Ukraine plans a modernization of 46 projects in its ports by 2030 with a total cost of $1.68B, the Deputy Prime Minister Volodymyr Kistion says.

Thu, 31 May 2018 16:51:14 GMT

German President meets with Chinese FM

The German President Frank-Walter Steinmeier met with the Chinese State Councilor and Foreign Minister Wang Yi on Thursday to discuss broad common interests.

Thu, 31 May 2018 16:40:52 GMT

DPRK, Russian FMs meet to discuss bilateral ties

The foreign ministers of Russia and the Democratic People's Republic of Korea met on Thursday to discuss bilateral ties and the situation on the Korean Peninsula.

Thu, 31 May 2018 16:40:15 GMT

EU to dispute US tariffs at WTO

The EU plans to trigger a dispute at the WTO as US tariffs on steel and aluminium are against agreed international rules, EU officials say.

Thu, 31 May 2018 14:15:42 GMT

US initial jobless claims drop 13K last week

The number of applications for US unemployment benefits dropped to 221K in the week ending May 26, while analysts anticipated a surge to 228K, following the prior month's 234K reading.

Thu, 31 May 2018 14:15:28 GMT

Uber asks lenders to lower pricing on $1.13B term loan

Uber Technologies, the US ride-hailing company, is seeking lenders to cut the pricing on its $1.13B term loan set for 2023, sources familiar with the matter said.

Thu, 31 May 2018 12:24:27 GMT

Uber, Waymo consider automotive partnership

Alphabet's Waymo and Uber Technologies are in talks over establishing a partnership to use Waymo's self-driving technology on the Uber ride-hailing app.

Thu, 31 May 2018 12:19:18 GMT

Nokia sells its digital health unit, executive to quit

On Thursday, Nokia announced it sold its digital health venture, including smartwatches and activity trackers, while the company's executive who wiped out the consumer businesses was set to leave Nokia after nearly a year in his position.

Thu, 31 May 2018 11:26:20 GMT

Malaysian firm Petronas acquires 25% stake in LNG project

On Thursday, Petroliam Nasional Bhd, Malaysia's local gas and oil firm, stated it would buy a 25% stake in Canada's liquefied natural gas export project, a year after it had cancelled its own terminal.

Thu, 31 May 2018 11:18:31 GMT

Ryanair likely to take full ownership of Laudamotion

On Wednesday, Ireland's airline Ryanair is likely to take a full ownership of Laudamotion's leisure airline over the next four years, the company stated on Wednesday.

Thu, 31 May 2018 10:01:07 GMT

Shoigu and Lieberman discuss Syrian de-escalation

The Defence Ministers of Russia and Israel met on Thursday and discussed the de-escalation zone of the southern region of Syria.

Thu, 31 May 2018 10:00:25 GMT

Apple blocks Telegram updates

Representatives of Telegram messaging service have revealed that Apple has forbidden the app to update globally since Russian authorities ordered Apple to remove it from the app store in Russia.

Thu, 31 May 2018 09:36:34 GMT

Sino Gas & Energy agrees to $401M takeover bid from Lone star

On Wednesday, Australian company Sino Gas & Energy agreed to a $401M takeover bid from the US private equity group Lone Star.

Thu, 31 May 2018 09:32:17 GMT

FX provider CLS makes investment into NYC-based start-up R3

CLS, the FX settlement provider, stated it had invested $5M in the New York-based blockchain consortium R3, taking a seat in the start-up's board of directors.

Thu, 31 May 2018 08:38:34 GMT

Canadian miner Bear Creek to make IPO in Peru

On Wednesday, Bear Creek Mining's CFO stated that Canada's miner would launch an IPO for the Peruvian unit in Lima to aid finance its $550M Corani silver project.

Thu, 31 May 2018 08:34:21 GMT

China's Suning.com cuts its stake in Aibaba to 0.51%

Suning.com, China's e-commerce company, has decided to sell its shares in Alibaba Group Holding worth $1.5B, reducing its stake to 0.51%, the company stated on Wednesday.

Thu, 31 May 2018 07:39:08 GMT

Tencent ties up with Wanda Group and Groupon over "smart retail"

The technology titan Tencent is eager to tie up with China's real estate firm Dalian Wanda Group and ex-local unit Groupon amid the companies' intention to develop "smart retail".

Thu, 31 May 2018 07:33:36 GMT

Greece's Hellenic Petroleum sale raises more interest

On Wednesday, the Greek privatisations agency stated that Glencore Energy, Vitol Holding B.V. and three others have submitted an initial interest for a 50.1% majority stake in the Greek oil refiner Hellenic Petroleum.

Thu, 31 May 2018 06:36:40 GMT

Allergan set to sell two of its smaller business units

Allergan is planning to sell its infectious disease and women's health businesses, as its CEO Brent Saunders seeks to halt a steep slide in the drugmaker's share price over the past year.

Thu, 31 May 2018 06:32:16 GMT

Fox to hold special Disney vote on July 10

On Wednesday, 21st Century Fox announced it picked up July 10 to hold a special gathering for the stockholders to vote on the merger with Walt Disney.

Thu, 31 May 2018 04:59:18 GMT

Samsung Life sells shares in Samsung Electronics

Samsung Life Insurance stated that the company sold $1B worth of Samsung Electronics' shares, aiming to remove regulatory risks.

Thu, 31 May 2018 04:59:02 GMT

SenseTime raises $620M in latest round of funding

China's developer of facial recognition technologies SenseTime raised $620M in the latest funding round, valuing the business at above $4.5B.

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