News

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Fri, 08 Dec 2017 19:16:50 GMT

Dina Powell to step down in early 2018

The White House reported on Friday that the US President Donald Trump's Deputy National Security Adviser Dina Powell is planning to step down early next year.

Fri, 08 Dec 2017 18:25:15 GMT

UoM consumer sentiment worsens in December

The University of Michigan December Consumer Sentiment Index worsened for the second consecutive month, dipping to 96.8 points from the upwardly-revised 98.5-point reading recorded in November.

Fri, 08 Dec 2017 18:23:24 GMT

US unemployment rate holds steady

The US Bureau of Labour Statistics revealed on Friday the country's unemployment rate held steady at 4.1% over the course of November.

Fri, 08 Dec 2017 16:53:33 GMT

Muslims hold protest rallies against Trump's Jerusalem decision

Thousands of Muslims all around the world rally against the US President Donald Trump's decision to recognize Jerusalem al-Quds as the capital of the Israeli regime.

Fri, 08 Dec 2017 16:53:24 GMT

Russia ready to influence on North Korea

The Russian Deputy Foreign Minister reported on Tuesday that Russia was ready to influence on North Korea through its' opened communication channels.

Fri, 08 Dec 2017 15:55:31 GMT

Spotify and Tencent Music agree to exchange shares

Music streamer Spotify announced on Friday that had agreed to buy a stake in China's Tencent Music Entertainment, which in turn would purchase an equity stake in Spotify.

Fri, 08 Dec 2017 15:55:22 GMT

Wells Fargo sanctions on ice under US consumer watchdog

The head of the US consumer finance watchdog reviews Wells Fargo & Co case whether the company should pay tens of millions of dollars on alleged mortgage lending abuse.

Fri, 08 Dec 2017 15:33:10 GMT

Putin, Erdogan to meet on Monday for talks over Syria

The leaders of Russia and Turkey Vladimir Putin and Tayyip Erdogan are set to meet on December 11 to hold talks over Syria and Jerusalem.

Fri, 08 Dec 2017 15:23:58 GMT

Iranian Defence Minister to visit Moscow soon

Iran's Defence Minister Amir Hatami is set to visit Russia in the nearest future to hold talks with his Russian counterpart, according to the RIA news outlet's report on Friday.

Fri, 08 Dec 2017 14:34:01 GMT

Zimbabwe Electoral Commission head resigns

The chairwoman of Zimbabwe Electoral Commission Rita Makarau stepped down, a few months before a vote, giving no reason for her leave, the government's official source reported on Friday.

Fri, 08 Dec 2017 14:03:54 GMT

VW stops T6 multivan deliveries over emissions issue

On Friday, Volkswagen announced it had halted deliveries of its T6 multivan, after finding the vehicle emitted excessive levels of toxic nitrogen oxide.

Fri, 08 Dec 2017 13:29:30 GMT

China set to conduct economic census next year

China is scheduled to hold a new census in 2018 to clarify the economic picture, seeking to cover all companies in the secondary and services sector.

Fri, 08 Dec 2017 13:21:00 GMT

Steinhoff shares drop 50% on Friday

Shares in Steinhoff plunged 50% to its 14-year low on Friday, after Moody's had cut its credit rating, causing misgivings about its governance.

Fri, 08 Dec 2017 12:00:30 GMT

JPMorgan Chase to offer price cuts to banking customers

The JPMorgan Chase CEO Jamie Dimon has taken customer pricing hints from Amazon.com that gives extras to the Prime subscribers, seeking to offer its banking customers more price discounts.

Fri, 08 Dec 2017 12:00:17 GMT

China's ride-hailing giant Didi to expand in Mexico

Uber's Chinese rival Didi Chuxing is planning to enter the Mexican market next year, following talks over the company's global ambitions, the sources familiar with the matter reported.

Fri, 08 Dec 2017 11:11:25 GMT

EU's Barnier says only option for Brexit deal is EU-Canada model

The EU's chief negotiator Michel Barnier noted on Friday that the only trade model that corresponds with Britain's terms is an agreement similar to the one the EU has with Canada.

Fri, 08 Dec 2017 10:54:53 GMT

RBS says settlement with US might not be reached this year

The CEO of the Royal Bank of Scotland Ross McEwan told media on Friday that a settlement with the US Department of Justice over mortgage-backed securities might not occur this year.

Fri, 08 Dec 2017 10:30:19 GMT

US excludes itself as mediator from Middle East peace process

The United States excluded itself as the Middle East peace process' mediator, the French Foreign Minister stated on Friday, saying that the US remained isolated on the issue.

Fri, 08 Dec 2017 09:54:21 GMT

SoftBank plans to invest $300M into DoorDash

SoftBank plans a $300M investment into the food delivery company DoorDash via its Vision Fund that raised around $100B to invest in tech firms, Recode reported.

Fri, 08 Dec 2017 09:19:46 GMT

Japan to buy powerful air-launched missiles

Japan is planning to acquire air-launched cruise missiles that are able to strike North Korea; however, its Defence Minister did not refer to the provocative country, announcing the acquisition.

Fri, 08 Dec 2017 08:51:36 GMT

German SPD to hold talks with Merkel Conservatives

According to the German Social Democrats Party's senior member, the SPD is set to launch exploratory talks with Chancellor Angela Merkel's Conservatives over forming a coalition on December 13 .

Fri, 08 Dec 2017 08:33:21 GMT

EU, Britain agree to begin Brexit talks' second phase

On Friday, the European Commission reported that it had clinched a deal to move the Brexit talks forward to a second phase, ending a deadlock over the Irish border status.

Fri, 08 Dec 2017 08:16:36 GMT

French industrial output rise to 1.9% in October

According to statistics published by the INSEE on Friday, French industrial production surged by 1.9% in October, compared to the projected 0.1% fall. The result is classified as the largest increase in six months.

Fri, 08 Dec 2017 08:07:24 GMT

Hammond believes Brexit deal will boost economy

The Britain's Finance Minister Philip Hammond said on Friday that the deal negotiated between the UK and EU is a boost for the economy and urged to start discussing a trade deal that maintains employment and prosperity.

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