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Highlights: September 8, 2020 - September 12, 2020

Christian Fernsby ▼ | September 14, 2020
Stories that marked last week.
Business people
Japan record GDP contraction revised down to annualized 28.1 pct in quarter

Japan streetJapan's economy in the April-June period shrank an annualized real 28.1 percent from the previous quarter, downwardly revised from the 27.8 percent contraction initially reported, the government said in a report on Tuesday....

Deluxe selects Metro Atlanta for new innovation center and offices, will create over 700 jobs

DeluxeDeluxe will establish a new office complex along with a FinTech and Customer Innovation Center in the City of Sandy Springs in Fulton County. ...

South Africa's economy cut in half in Q2

South AfricaSouth Africa's economy contracted by 51 percent in the second quarter of 2020 due to the impact of coronavirus, said Statistics South Africa on Tuesday....

Cost of replacing Huawei and ZTE in U.S. will be $1.837 billion

FCCThe FCC has released the results of a supply chain data request which lists all U.S. CSPs that have any Chinese gear....

Amazon to create more than 2,500 full-time jobs in the Greater Toronto and Hamilton area

AmazonAmazon.com, Inc. announced plans to open two new fulfillment centres in Hamilton, Ontario and Ajax, Ontario. ...

Equinor sells U.S. wind power stakes to BP for $1.1 billion

EquinorBP has a $1.1 billion deal to buy 50% stakes in two U.S. developments from Equinor....

Russian trade surplus down 43.5 percent in January-July period

Russia airportRussia's trade surplus decreased by 43.5 percent year on year in the first seven months of this year to 59.4 billion U.S. dollars, the Federal Customs Service said Wednesday....

German car parts maker Schaeffler cuts 4,400 jobs

SchaefflerGerman car and industrial supplier Schaeffler said that it will cut 4,400 jobs due to the impact of the coronavirus on the automotive sector....

Singapore Airlines to cut around 4,300 positions across its airlines

Singapore AirlinesThe Singapore Airlines (SIA) Group announced the decision to cut around 4,300 positions across its airlines....

Baring Private Equity Asia to acquire Virtusa for $2.0 billion

VirtusaBaring Private Equity Asia ("BPEA") and Virtusa Corporation announced the companies have entered into a definitive merger agreement under which funds affiliated with BPEA will acquire Virtusa for Virtusa for $2.0 billion....

EIB lends 500m euros to Lazio Region for SMEs, mid-caps, infrastructure, environmen

EIB ItalyLoans totalling 200m euros will also be made available to around 400 SMEs and mid-caps in partnership with UniCredit, BCC Roma and Banca Popolare di Sondrio....

Iran exports $2.5bn products to Arab countries in 5 months

Iran portirector general of Trade Promotion Organization (TPO)'s Office of Arabian and African Countries revealed that $2.5 billion worth of non-oil goods was exported to Arab states in West Asia in first five months of current year....

Aviva to sell majority shareholding in Aviva Singapore for 1.9 billion

Aviva SingaporeAviva has agreed to sell a majority shareholding in Aviva Singapore to a consortium led by Singapore Life (Singlife) to support the creation of one of the country's leading insurance companies....


 

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