• EBRD boost for decarbonisation in Macedonia

      EBRD boost for decarbonisation in Macedonia

      Macedonian plans to move decisively forward with decarbonisation have received a boost in the form of a 5.9 million-euro loan from the European Bank for Reconstruction and Development (EBRD) to ELEM, the state-owned electricity company. The loan is intended to fund the country’s first large-scale solar power plant built on the site of an exhausted lignite coal mine in the town of Kicevo, 112 kilometres from the capital Skopje and is part of FYROM's goal to generate 23 percent of its electricity from renewable sources by 2020.

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    • Amazon became world's most valuable company

      Amazon became world's most valuable company

      Amazon has eclipsed Microsoft as the most valuable publicly traded company in the US as a see-sawing stock market continues to reshuffle Corporate America's pecking order. The latest shift occurred Monday after Amazon's shares rose 3 percent to close at $1,629.51 and lifted the e-commerce leader's market value to $797bn, edging past Microsoft's roughly $788bn valuation. 

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    • UK assets worth 800bn pounds to move to EU

      UK assets worth 800bn pounds to move to EU

      Assets worth nearly £800bn are in the process of shifting from Britain to new financial hubs in the European Union due to upcoming Brexit, consultancy EY announced on Monday. EY has been tracking the Brexit plans of 222 financial firms since the UK voted in June 2016 to leave the bloc. In its latest update to the end of November 2018, it said that 80 firms are considering or have confirmed relocating assets and staff. This means that more than £800bn in assets would move, a fraction of Britain’s 8 trillion pound banking sector.

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    • Oil kicks off 2019 with losses

      Oil kicks off 2019 with losses

      Oil markets dropped by around 1 percent in 2019’s first trading on Wednesday, pulled down by surging US output and concerns about an economic slowdown in 2019 as factory activity in China, the world’s biggest oil importer, contracted. International Brent crude futures LCOc1 were at $53.19 per barrel at 0544 GMT, down 61 cents, or 1.1 percent, from their final close of 2018.

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    • White House to bar Huawei, ZTE purchases

      White House to bar Huawei, ZTE purchases

      US pressure on Chinese telecommunications equipment providers was increased once again yesterday after Reuters reported that President Donald Trump is considering an executive order to declare a national emergency, which would bar US companies from using network gear made by two of the world’s biggest telecoms equipment suppliers - Huawei Technologies and ZTE Corp. The planned order follows a passage of a defence policy bill in August that was never issued, but reportedly barred the US government itself from using Huawei and ZTE equipment.

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    • SpaceX launches first GPS3 satellite

      SpaceX launches first GPS3 satellite

      A SpaceX Falcon 9 rocket roared to life and streaked away from Cape Canaveral early Sunday carrying the first in a powerful new generation of GPS navigation satellites into orbit. It was the company's 21st launch this year and its first Pentagon-sanctioned national security mission, marking a significant achievement for Elon Musk's privately-held company, which has been trying to break into the military space launch market for years.

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    • GSK inks $12.7bn consumer healthcare deal with Pfizer

      GSK inks $12.7bn consumer healthcare deal with Pfizer

      Pfizer Inc. and GlaxoSmithKline plc announced they have entered into an agreement to create a premier global consumer healthcare company with robust iconic brands. The Boards of Directors of both companies have unanimously approved the transaction under which Pfizer will contribute its consumer healthcare business to GSK’s existing consumer healthcare business.

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    • DHL to focus more on e-commerce in Turkey

      DHL to focus more on e-commerce in Turkey

      DHL has announced plans to concentrate more on e-commerce in Turkey starting next year, since it considers Turkey as an important regional hub which could fuel growth in the Middle Eastern and European markets. As first step of this plan the German logistics player will be setting up an operations center at Istanbul Airport.

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    • Guess fined for blocking cross-border sales in Europe

      Guess fined for blocking cross-border sales in Europe

      European Union antitrust regulators fined US clothing brand Guess almost €40m (€39 821 000, to be exact) on Monday for using restrictions that prevented retailers from selling and advertising its products across borders, blocking this way e-commerce in the EU. The penalty comes after in June 2017 the European Commission opened a formal inquiry into the cross-border online sales practices of 1,900 companies as part of a crackdown against geo-blocking in the EU.

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    • China-US trade talks progress, markets rally

      China-US trade talks progress, markets rally

      Just over a week after President Donald Trump and Chinese President Xi Jinping reached a temporary truce at the G20 summit, the world's two largest economies finally began showing signs of progress in talks to end their trade war after months of stonewalling.

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