News

Note: This section contains information in English only.
Wed, 13 Feb 2019 20:06:04 GMT

US data shows Apple increases testing of self-driving cars in 2018

On Wednesday, the Californian Department of Motor Vehicles released data that shows that Apple Inc ramped up testing of its self-driving vehicles in 2018.

Wed, 13 Feb 2019 19:10:56 GMT

King Salman announces $22B development projects in Riyadh

On Wednesday, Saudi Arabia's state TV said that the Saudi Arabian King Salman Abdulaziz launched $22 billion development projects in the capital city Riyadh.

Wed, 13 Feb 2019 19:09:34 GMT

Alphabet Inc's Google plans to spend $13B on US data centres

On Wednesday, Google Inc announced that it would spend about $13 billion on data centres in the United States.

Wed, 13 Feb 2019 18:39:56 GMT

Thoma Bravo to buy Ellie Mae for $3.7B

Thoma Bravo, the private equity firm, stated on Tuesday it would acquire Ellie Mae in a deal worth $3.7B, sending its shares up 21%

Wed, 13 Feb 2019 16:58:35 GMT

EU grants approval for Virgin Atlantic deal

The European antitrust regulators have cleared a joint bid launched by Delta Air Lines, Virgin Group and Air France-KLM to acquire Virgin Atlantic, claiming that no competition concerns were raised over the deal.

Wed, 13 Feb 2019 16:50:18 GMT

Symantec takes over Israeli firm Luminate

On Tuesday, Symantec Corp, the cyber security company, announced it had acquired the Israeli firm Luminate Security, seeking to bolster group's security system for a cloud computing.

Wed, 13 Feb 2019 16:32:36 GMT

Virgin Trains USA postpones IPO

Virgin Trains USA announced it had delayed its planned initial public offering, where the company sought to attract over $500M by selling 28.3M shares, due to too high price range for the firm's share.

Wed, 13 Feb 2019 16:27:53 GMT

Vitruvian launches sale of German fintech Smava

The buyout firm Vitruvian put Smava, Germany's consumer credit platform, up for a sale or launch an IPO, seeking to raise about $500M, sources reported.

Wed, 13 Feb 2019 15:25:29 GMT

T-Mobile head set to defend $26B deal with Sprint

John Legere, the CEO of T-Mobile US, stated it would defend the company's $26.0B deal to acquire the wireless carrier Sprint in the US Congress this Wednesday.

Wed, 13 Feb 2019 15:09:43 GMT

Lampert unveils plans for bankrupt Sears

On Wednesday, Sears Chairman Edward Lampert has unveiled plans for the company after the bankruptcy filing, saying it would sublease or sell several of 425 stores and open the smaller ones more focused on tools and appliances.

Wed, 13 Feb 2019 14:39:36 GMT

Huawei expects no sales drop in Poland

China's telecoms company Huawei stated it was not expecting any slowdown in its Poland sales on the company's equipment, adding the situation might potentially have an impact in the future.

Wed, 13 Feb 2019 14:36:58 GMT

Carlyle and Bain consider joint bid for Osram

The PE firms Carlyle Group and Bain Capital are considering to make a joint offer for the German company Osram Licht, Bloomberg sated this Wednesday.

Wed, 13 Feb 2019 12:24:25 GMT

Petrobras sees new offers for TAG soon

The Brazilian state-controlled oil firm Petrobras is likely to seek new offers for its gas pipeline network TAG's acquisition in March, sources reported on Tuesday.

Wed, 13 Feb 2019 12:15:24 GMT

JAB proposes raising stake in Coty to 60%

JAB Holding has proposed to boost the German conglomerate's stake in Coty to 60%, after a 50% drop in the company's market value last year.

Wed, 13 Feb 2019 10:39:59 GMT

Dynamic Map Platform to acquire rival Ushr for $200M

Dynamic Map Platform, Japan's self-drive cars map developer, stated on Wednesday it would acquire its rival Ushr in a deal worth $200M.

Wed, 13 Feb 2019 08:51:12 GMT

Democratic senators seeks Sprint-T-Mobile merger rejection

On Tuesday, the US Democratic senators called on the Federal Communications Commission and Justice Department to reject the proposed $26B merger between Sprint and T-Mobile US.

Wed, 13 Feb 2019 08:51:01 GMT

IHG acquires Six Senses Hotels operations and brands

InterContinental Hotels Group agreed to acquire the Six Senses Hotels Resorts' operating companies and brands in a cash-deal worth $300M, seeking to boost its luxury portfolio.

Wed, 13 Feb 2019 08:37:59 GMT

GM, Amazon plan investment in Rivian

General Motors and Amazon.com are planning to make an investment into the electric pickup truck maker Rivian, bringing the US company's value to $1.0-2.0B.

Wed, 13 Feb 2019 06:16:48 GMT

US Treasury Secretary hopeful for productive trade talks in China

On Wednesday, the US Treasury Secretary Steven Mnuchin said that he is hopeful for productive trade negotiations in Chine this week.

Wed, 13 Feb 2019 06:16:19 GMT

US sanctions hit Venezuela's oil exports

The Venezuelan oil exports have shifted focus toward India since the new US sanctions started on January 28, as Venezuela's PDVSA seeks to replace deliveries to Europe and the United States.

Wed, 13 Feb 2019 05:05:40 GMT

Oil prices edge higher on Wednesday

Crude oil prices edged higher by 1% on Wednesday, as OPEC said it had reduced supply in January and US sanctions against Venezuela.

Wed, 13 Feb 2019 05:04:43 GMT

Asian shares reach four-month high on China-US trade talks

On Wednesday, Asian shares reached a four-month high. The surge was attributed to the US-China trade negotiations.

Tue, 12 Feb 2019 21:00:32 GMT

Conte calls for less austere Europe

On Tuesday, Italy's Prime Minister Giuseppe Conte called for a fairer European Union with well-known demands of economic growth.

Tue, 12 Feb 2019 21:00:20 GMT

Fico won't bid for Slovakia's top court post

On Tuesday, the former Slovakian Prime Minister Robert Fico gave up plans to lead Slovakia's Constitutional Court.

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