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World News

Home sales will drop in 2020

Sales of existing U.S. homes will fall 1.8% from 2019, according to the forecast. Home prices will flatten nationally, increasing just 0.8% annually. However,...

Nintendo Partners With Tencent 

Tencent Holdings Ltd. and Nintendo Co. announced the launch of Nintendo’s signature Switch game console in China. The Nintendo Switch was on the market...

Norwegian Air cuts long-haul routes

Oslo-based Norwegian Air announced that it’s dropping its long-distance routes from Stockholm and Copenhagen to the U.S. and Thailand. The move is part of...

Over 90% of Foreign Companies Expect to Increase Their Investments 

Foreign companies’ assessment of the business climate in Spain has remained unchanged since 2018. Specifically, the business climate in Spain scored an average of...

Delivery platforms boost restaurant profits

Food delivery platforms are helping independent, and chain restaurants in London, Paris, Madrid and Warsaw serve more meals every week, boosting the sector’s revenue...

Fiat underestimated the value of Chrysler 

Italian tax authorities believe that Fiat Chrysler Automobiles underestimated the value of its U.S. business by €5.1 billion following Fiat’s phased acquisition of Chrysler,...

Deutsche Telekom freezes 5G deals with Huawei

Deutsche Telekom has put all deals to buy 5G network equipment on hold, as it awaits the resolution of a debate in Germany over...

Port of Piraeus – strategic pillar of cooperation with China

Greece will enhance bilateral cooperation with China in many sectors, including shipping, with Piraeus Port a pillar and example under the framework of the...

Saudi SABIC urges more partnerships 

The petrochemical industry in the Middle East must invest collaboratively in winning-partnerships to sustain its future growth, said Yousef Al-Benyan, Saudi Arabia’s CEO of...

The stimulus package of $120bn to bolster the economy

Japan is preparing an economic stimulus package worth $120 billion to support growth. The spending would be earmarked in a supplementary budget for this...

 Nokia Loses Market Value of €6.6bn

Nokia shocked investors by saying that it has reduced its outlook for 2019–2020 and will forgo dividend payouts for the third and fourth quarters...

Tightening Foreign Investment Rules

Foreign investors hoping to buy New Zealand’s strategic assets will now have to convince the government that such sales are in the national interest. New...

Easyjet Eyes New Package Deal Space

British company EasyJet has announced that it will launch a sector for organised package holiday deals by Christmas 2020. The objective is to recoup...

Peugeot to Merge With Fiat Chrysler

The majority of unions representing workers at Peugeot maker PSA are in favour of a planned $50 billion merger with Fiat Chrysler. However, the...

Essent Takes Over Vandebron

Dutch energy sector market leader Essent is taking over green energy provider Vandebron, the two companies confirmed. Financial details have yet to be disclosed. Vandebron,...

EU Releases Growth Forecast

Commissioner for Economic and Financial affairs Pierre Moscovici has admitted that the block is now in a rather moderate growth phase: “This is perhaps...

China to Invest $100bln in Brazil

China has announced that it has secured around $100 billion from at least five state funds for a new investment programme in Brazil, mainly...

Air Astana Plans to Buy 30 Boeing 737 Max Aircraft

Kazakh flag carrier Air Astana has said that it planned to buy 30 of the 737 MAX aircraft, which was grounded in March following...
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