Home / Tag Archives: Reuters

Tag Archives: Reuters

Apple Invested $1 Billion In Uber’s Chinese Rival

Apple Invested $1 Billion In Uber's Chinese Rival

Apple has invested $1 billion in Didi Chuxing, Uber’s biggest car-hailing competition in China, the companies announced on Thursday evening. Didi Chuxing is said to control most of the Chinese market for car-hailing services. In an interview with Reuters, Apple CEO Tim Cook positioned this investment as a way to grow its presence …

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Georgian State Energy Company Plans to Issue Eurobonds

EuroBonds

Georgia’s state Oil and Gas Corporation (GOGC) plans to issue Eurobonds, a banking source and a source in Georgia’s government said on Monday, Reuters Africa reports. The company plans to issue Eurobonds in U.S. dollars and has mandated Barlays and J.P.Morgan to organise the deal, the banking source said. Investor …

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Novartis investigating $85 mln bribery allegations in Turkey

Novartis investigating $85 mln bribery allegations in Turkey

An anonymous whistleblower has accused Swiss drug maker Novartis of paying bribes in Turkey through a consulting firm to secure business advantages worth an estimated $85 million, according to a Feb. 17 e-mail seen by Reuters. The alleged benefits, which Novartis confirmed it was investigating, included getting medicines added to …

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The World Market Price of Oil Slightly Dropped

The World Market Price of Oil Slightly Dropped

Oil fell around 3 percent Today after Iran dashed hopes of a coordinated production freeze any time soon, returning bearish sentiment to the market over a supply glut that has sent prices crashing. Global benchmark Brent crude futures LCOc1 fell back below $40 a barrel, trading at $39.20 at 1157 GMT, …

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REUTERS: Oil Exports via Baku-Tbilisi-Ceyhan Pipeline Drop 2.2 pc

Baku-Tbilisi-Ceyhan

Oil exports through the Baku-Tbilisi-Ceyhan (BTC) pipeline via Georgia and Turkey totalled 4.6 million tonnes in January-February, down 2.2 percent from the same period last year, Azerbaijan state energy company SOCAR said on Thursday. Oil exports through the BTC rose 1.15 percent in 2015 to 28.836 million tonnes. Azerbaijan exports …

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REUTERS: Georgia, with Eye on 2016 Election, Switches Prime Minister

Giorgi Kvirikashvili

London based international news agency Reuters publishes an article stating Georgia’s new prime Minister Giorgi Kvirikashvili’s appointment by parliament yesterday. “An appointment widely seen as an attempt to boost the ruling coalition’s flagging popularity amid an economic slump,” says Reuter. Kvirikashvili, 48, who was also first deputy prime minister before …

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REUTERS: Georgia Targets 3 pct Economic Growth in 2016-Budget Draft

The Georgian government targets 3 percent economic growth in 2016, up from 2 percent expected this year, the country’s prime minister said on Wednesday. Irakly Garibashvili said at a government meeting that the draft budget for next year projected annual inflation at 4.5 percent, down from 5-6 percent expected this …

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Reuters: Georgia’s Economy Slows in H1 From Last Year

Despite the Stabilization of the Lari, Businessmen are not Going to Continue the Suspended Projects

International news agency Reuters publishes article, on behalf of Geostat‘s report and says Georgia’s economy slowed due to plunge in the Russian Ruble. Reuters also mentions declined exports, remittances and lowered country’s growth. Georgia’s economic growth slowed to 2.6 percent in the first half of this year compared with 6 …

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Georgia as a Testbed for Hepatitis C Elimination — Reuters

Gilead Sciences, a US-based biopharmaceutical company that specializes in developing innovative medicines, uses Georgia as a global example to back up its belief that the hepatitis C can be eliminated with proper government funding. The healthcare program initiated by David Sergeenko, country’s minister of health, by which the minister proposed to eliminated …

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