News

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Mon, 26 Feb 2018 20:01:23 GMT

Bank of America to open 500 new branches

On Monday, Bank of America Corp stated that it is planning to open 500 new branches across the US in the nearest four years, as BofA continues investing in digital and physical enhancements.

Mon, 26 Feb 2018 19:02:35 GMT

Botswana blames Kabila for Congo crisis

In a statement released today, Botswana's Ministry of International Affairs blamed Congo's humanitarian and security crisis on the country's President Joseph Kabila.

Mon, 26 Feb 2018 19:01:52 GMT

Spanish Economy Minister: EZ banks should curb bad loans

On Monday, the Economy Minister of Spain Luis De Guindos said Euro zone banks should speed up the cutback of bad loans on their balance sheets.

Mon, 26 Feb 2018 18:02:41 GMT

OECD: Chile's economy to expand 2.9% in 2018 and 2019

In a report released on Monday, the Organisation for Economic Co-operation and Development said Chile's economy was expected to grow 2.9% in both 2018 and 2019.

Mon, 26 Feb 2018 18:02:10 GMT

Russia implements five-hour daily truce in Ghouta

Russia said on Monday it would set up a humanitarian corridor and introduce a five-hour daily ceasefire in Ghouta, Syria.

Mon, 26 Feb 2018 17:20:30 GMT

Brazil's Jungmann to become Ministry of Public Security head

The government of Brazil said on Monday that the country's Defence Minister Raul Jungmann was set to take over the post of the new Ministry of Public Security chief.

Mon, 26 Feb 2018 17:19:20 GMT

US Supreme Court rejects Trump's "Dreamers" plan

On Monday, the Supreme Court of the United States rejected the country's President Donald Trump over his stance on immigrant benefits programme known as "Dreamers".

Mon, 26 Feb 2018 16:25:52 GMT

Draghi: slack in EZ economy may be bigger than estimated

On Monday, the ECB President Mario Draghi said that a slack in the Euro area economy might be bigger than initially thought.

Mon, 26 Feb 2018 16:25:00 GMT

US new home sales disappoint in January

According to the data released by the US Census Bureau, the country's new residential sales fell to a seasonally adjusted yearly rate of 593K in January, down 7.8% from December's reading.

Mon, 26 Feb 2018 15:29:49 GMT

Qualcomm urges Broadcom for price talks

On Monday, Qualcomm called on Broadcom to enter into the price talks on its $117B bid in a potential step towards an agreement between the chipmakers, following four months of a dispute.

Mon, 26 Feb 2018 14:35:08 GMT

South Korea calls on North to halt nuclear weapons

On Monday, South Korea urged North Korea to abandon its ballistic and nuclear weapon programme, calling for a peace on the divided peninsula.

Mon, 26 Feb 2018 14:30:13 GMT

Egypt, Russia may revive talks on checking Red Sea airports

Egypt and Russia are likely to revive talks on the Red Sea airport checks near the Hurghada and Sharm el-Sheikh resorts this spring, following the resumption of Russia's flights to Cairo.

Mon, 26 Feb 2018 13:33:01 GMT

Toyota AI Ventures bolsters investment in automotive start-ups

Toyota AI Ventures is boosting investment in the self-driving start-ups, as the company seeks a better handle on the emerging technologies, saying it is co-leading the $11.5M seed investment in May Mobility.

Mon, 26 Feb 2018 13:32:23 GMT

GE names three new candidates to smaller board of directors

On Monday, the US conglomerate General Electric has nominated three new directors to the streamlined board right ahead of the shareholders' meeting in April.

Mon, 26 Feb 2018 12:00:29 GMT

Vodafone mobile data to help fight Ghana's epidemics

Vodafone Foundation has announced a pioneering programme on Monday, saying its mobile data would be deployed to prevent the outbreak of the 2014 West Africa Ebola.

Mon, 26 Feb 2018 11:59:38 GMT

Putin approves new defence-spending programme

On Monday, the spokesman for Kremlin Dmitry Peskov stated that Russia's President Vladimir Putin had accepted a defence-spending programme that took effect starting from this year.

Mon, 26 Feb 2018 11:16:39 GMT

Russia's VTB Bank posts $801.5M profit in Q4 2017

On Monday, Russia's VTB Bank stated it had more than doubled its Q4 2017 net profit, which stood at $801.5M in the reported period.

Mon, 26 Feb 2018 11:14:59 GMT

UK January card spending up 5.8%

Data released by UK Finance on Monday revealed that card spending in the country surged 5.8% over the course of January.

Mon, 26 Feb 2018 10:29:11 GMT

Ryanair's pilot group urges CEO O'Leary to resign

Ryanair's pilot group called for the EU largest low-cost airline CEO Michael O'Leary's resignation amid the latest strains in its staff relations.

Mon, 26 Feb 2018 10:20:22 GMT

Boeing to gain 51% stake in JV with Embraer

Boeing agreed to have 51% stake in a joint venture, which is currently discussed with the Brazilian plane maker Embraer, according to the O Globo newspaper.

Mon, 26 Feb 2018 09:34:43 GMT

Xi Jinping's senior economic adviser to visit US

The top economic advisor to China's President Xi Jinping Liu He is set to visit Washington this week.

Mon, 26 Feb 2018 09:32:08 GMT

Fiat to get rid of diesel from its vehicles by 2022

Fiat Chrysler was planning to eliminate diesel from its passenger cars by 2022 due to a collapse in spiralling costs and demand, the Financial Times stated on Monday.

Mon, 26 Feb 2018 08:34:11 GMT

Sony relies on 4K video to revitalise smartphone sales

Japan's Sony is pinning its hopes on the 4K HD video recording in a new Xperia XZ2 smartphone, as it seeks to revive its declining sales of the device.

Mon, 26 Feb 2018 08:28:48 GMT

The Weinestein Company set to file for Chapter 11

On Sunday evening, the director board of The Weinstein Company stated it would file for bankruptcy, following negotiations to sell the New York TV studio collapsed.

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