News

Note: This section contains information in English only.
Thu, 19 Apr 2018 08:30:30 GMT

Facebook to remove 1.5B users from EU GDPR list

Facebook is eager to put about 1.5B users from Asia, Africa, Latin America and Australia out of reach of the new EU General Data Protection Regulation that is set to take effect on May 25.

Thu, 19 Apr 2018 08:19:33 GMT

Uber picks VMware's Zane Rowe as CFO: Bloomberg

Uber Technologies picked VMware's Zane Rowe as the main candidate for the Chief Financial Officer, who will be set to lead the preparations for the company's IPO in 2019.

Thu, 19 Apr 2018 07:39:18 GMT

SunPower to buy US rival SolarWorld to stem Trump's tariffs

On Wednesday, SunPower stated it was set to acquire the US solar panel producer SolarWorld Americas, seeking to head off the Trump Administration's tariffs on panel imports.

Thu, 19 Apr 2018 07:30:54 GMT

Britain's Weir to acquire US mining tools producer ESCO

UK's Weir Group is planning to buy the US-based mining tools maker ESCO in a deal worth $1.05B, the mining pumps and valves producer stated on Thursday.

Thu, 19 Apr 2018 06:36:17 GMT

Qualcomm launches layoffs amid annual cost cuts

Qualcomm has started cutting job positions, following a promise to investors that the company will cut its annual cost by $1B, it stated on Wednesday.

Thu, 19 Apr 2018 06:33:12 GMT

P&G agrees to acquire Merck's consumer health unit

Procter&Gamble agreed to buy the German Merck KGaA's consumer healthcare business division for around $4.21B in cash; a deal that would help P&G to expand its portfolio of consumer health brands and capabilities.

Thu, 19 Apr 2018 03:35:21 GMT

America Movil fined $5.4M in antitrust case

IFT, Mexico's telecom regulator, stated that it fined America Movil and the company's mobile service part Telcel $5.4M in the antitrust case.

Thu, 19 Apr 2018 03:32:54 GMT

AmEx tops quarterly profit targets

American Express, the credit card issuer, easily topped estimates of the Wall Street for the company's quarterly profit as strong investments in rewards and straightening economy encouraged consumer spending.

Thu, 19 Apr 2018 02:13:15 GMT

Qualcomm starts layoffs to cut costs

Qualcomm begun to cut jobs within the company's promise to investors to diminish annual costs by $1B, the chipmaker stated.

Thu, 19 Apr 2018 02:12:03 GMT

Japan's Abe, US Trump agree to intensify talks on trade

The US President Donald Trump and Japan's Prime Minister Shinzo Abe stated that they agreed to intensify trade negotiations, aiming to expand trade and investment.

Wed, 18 Apr 2018 19:51:06 GMT

Netflix plans $1B investment drive in Europe

Netflix is likely to raise the company's investment in content in Europe, planning to spend nearly $1B on original production in 2018.

Wed, 18 Apr 2018 19:34:11 GMT

Canada to pursue trade deal with UK after Brexit

Canada and the UK would be able to pursue new trade agreement after Brexit, Canada's PM Justin Trudeau told the UK counterpart Theresa May at a meeting.

Wed, 18 Apr 2018 19:25:35 GMT

US set to get NAFTA deal in following three weeks

The United States hoped to reach an agreement on the revamped NAFTA with Canada and Mexico over the following three weeks.

Wed, 18 Apr 2018 19:24:55 GMT

BoC keeps interest rate at 1.25%, as expected

The Bank of Canada announced its decision to keep the key police rate unchanged at 1.25%, in line with expectations.

Wed, 18 Apr 2018 18:27:09 GMT

Iran bars government bodies from using Telegram

On Wednesday, Iran has banned the state officials from using the Telegram messaging app, following a statement from the Supreme Leader's office that cited national security protection as the main reason.

Wed, 18 Apr 2018 18:20:07 GMT

Diaz-Canel likely to replace Castro as Cuba's President

The Cuban Parliament officially proposed Miguel Diaz-Canel on Wednesday to replace Raul Castro as the island's leader; a move that would make him Cuba's first non-Castro President since the 1959 revolution.

Wed, 18 Apr 2018 17:31:04 GMT

JD.com, Tencent to invest $48M each in Leshi's TV unit

The technology companies JD.com, Tencent and TLC are planning to invest $48M each into China's smart-TV unit New Leshi Zhixin to boost the company's operations.

Wed, 18 Apr 2018 17:24:53 GMT

Merkel expects PSA Group to adhere to Opel takeover commitments

The Chancellor Angela Merkel stated that she expected PSA Group to adhere to its commitments made during the Opel takeover last year, adding that Germany's government must help the French carmaker.

Wed, 18 Apr 2018 15:53:21 GMT

Turkey extends state of emergency for three months

Turkey's Parliament approved the extension of state of emergency for another three months on Wednesday; the move that means the country will hold its Presidential and Parliamentary elections set for June 24 under the state of siege.

Wed, 18 Apr 2018 15:52:46 GMT

Electrify America to set new EV charging stations at Walmart stores

The Volkswagen unit Electrify America plans installing the charging stations for electric vehicles at over 100 Walmart stores in 34 US states by the middle of 2019, the companies announced on Wednesday.

Wed, 18 Apr 2018 15:15:41 GMT

US Senator Menendez to oppose Pompeo as State Secretary

The US Senator Robert Menendez stated on Wednesday that he would vote against the nomination of the CIA Director Mike Pompeo as the US Secretary of State set by the President Donald Trump.

Wed, 18 Apr 2018 14:58:36 GMT

Abbot's Q1 profit and sales top Wall Street estimates

On Wednesday, Abbott Laboratories posted the results for its Q1 profit and sales, beating analysts' expectations, but still disappointing some investors by maintaining its annual profit forecast.

Wed, 18 Apr 2018 14:26:53 GMT

Starwood launches bid for Immofinanz, CA Immo's minority stakes

The US property investment company Starwood Capital has launched an offer for the Austrian property firms' minority stakes, CA Immo and Immofinanz, seeking for exposure to the EU markets.

Wed, 18 Apr 2018 13:35:04 GMT

Oil firm Total to buy majority stake in France's Direct Energie

The oil company Total is planning to acquire a majority stake in Direct Energie, French electricity retailer, for $1.73B, the company announced on Wednesday.

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