News

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Fri, 04 Aug 2017 16:57:12 GMT

Wells Fargo to pay $108M to US government over loans to veterans

Wells Fargo & Co. announced on Friday that it would pay the US government $108M in order to settle down arising claims over loan issuance to military veterans.

Fri, 04 Aug 2017 16:02:43 GMT

Russia's Alrosa says nine people missing after mine flooded

At least nine people are still missing after water leaked into an underground station of the Mir diamond mine with more than 100 workers inside.

Fri, 04 Aug 2017 16:02:32 GMT

US employers add 209K jobs in July

The US economy added 290K net new jobs in July, according to data that was released on Friday by the Labor Department.

Fri, 04 Aug 2017 15:12:51 GMT

Volkswagen executive pleads guilty over emissions scandal

Volkswagen executive pleaded guilty on Friday in US District Court in Detroit in a diesel emissions cheating scandal with nearly 600,000 diesel vehicles.

Fri, 04 Aug 2017 15:12:40 GMT

Singapore to expel China-born professor and his wife from country

Singapore reported on Friday it would expel a China-born professor and his family from the city-state for collaborating with foreign secret agents.

Fri, 04 Aug 2017 14:03:56 GMT

Canada's jobless rate drops to 6.3% in July

Statistics Canada reported on Friday that the unemployment rate in Canada fell to 6.3% in July, missing expectations for an unchanged reading of 6.5%.

Fri, 04 Aug 2017 13:54:25 GMT

Facebook rolls out tool to fight fake news ahead of polls in Kenya

Facebook launched a new tool in Kenya that would help its users spot and limit the spread of fake news stories on its platform a few days before a hotly-contested general election.

Fri, 04 Aug 2017 13:07:45 GMT

Ethiopia seeks to restore stability, votes to repeal emergency rule

On Friday, the Parliament of Ethiopia voted to lift the imposed last October emergency rule as the country seeks to restore stability after months of protests that left hundreds of people dead.

Fri, 04 Aug 2017 12:59:22 GMT

Germany's Gabriel finds US sanctions unacceptable

Germany's Foreign Minister Sigmar Gabriel called the US sanctions against Russia more than problematic as the aggressive move was clearly pursuing economic interests of the United States that the EU found unacceptable.

Fri, 04 Aug 2017 11:55:06 GMT

VW to offer bonus for diesel car owners to switch to cleaner models

Volkswagen is intending to offer its five major brands' owners of older diesel cars some incentives to adopt the cleaner cars models, following a deal to tackle pollution.

Fri, 04 Aug 2017 11:53:06 GMT

Ex-China top official sentenced for life over corruption

The former head of the Chinese Communist Party Wang Min was jailed for life on Friday after he was found guilty of accepting more than $22M in bribes.

Fri, 04 Aug 2017 11:13:50 GMT

Netanyahu's former aid will testify

An ex-aid of the Israeli Prime Minister is set to testify in a case, in which the prime minister will be questioned as a suspect.

Fri, 04 Aug 2017 11:13:17 GMT

Additional EU sanctions on Russia

The European Union has announced that on Friday it will decide on adding more companies and names to the Russian sanction blacklist.

Fri, 04 Aug 2017 10:09:03 GMT

About 150 miners evacuated from Siberia's Alrosa mine

On Friday, the Emergencies Ministry reported that about 150 miners had been evacuated from the Siberian underground diamond mine Alrosa in Russia as water broke into.

Fri, 04 Aug 2017 09:32:07 GMT

Blaze hits Dubai 79-storey tower block for second time

A 79-storey residential high-rise in Qatar's Dubai was urgently evacuated on Friday as the skyscraper got engulfed with a huge fire due to some unknown reason.

Fri, 04 Aug 2017 08:57:18 GMT

RBS seeks to pick Amsterdam as its EU base after Brexit

On Friday, the Royal Bank of Scotland stated it was seeking to set up its European Union trading base in the Netherlands' capital of Amsterdam after Britain's withdrawal from the bloc.

Fri, 04 Aug 2017 08:34:10 GMT

Uber consciously leases out defective cars to drivers

According to the Wall Street Journal, Uber Technologies consciously bought over 1K of the recalled Honda's Vezel sport-utility cars that were at risk of catching fire and rented out the faulty vehicles to its drivers.

Fri, 04 Aug 2017 08:12:33 GMT

North Korea calls US travel ban "sordid"

North Korea condemned White House's decision to bar the US passport holders from travelling to the North, while the state media called it a "sordid" try to limit tourist movement.

Fri, 04 Aug 2017 07:25:05 GMT

Copenhagen hospital suffer major IT breakdown

On Friday, the Danish Ritzau news outlet reported that the Denmark's Capital of Region responsible for Copenhagen hospitals was hit by a major IT breakdown, but gave no reason for the issue.

Fri, 04 Aug 2017 06:52:56 GMT

Toyota to take 5% stake in Mazda

Toyota is eager take a 5% stake in Mazda Motor to establish a US auto plant and develop key electric vehicle technologies as part of a collaboration deal that should be announced on Friday, Nikkei reported.

Fri, 04 Aug 2017 06:32:12 GMT

Volvo to share engine tech with Geely-branded vehicles

Swedish Volvo Cars agreed to provide the engine technology for its parent Geely Holding Group's vehicles, deepening relations between the automakers as they had already shared technology through Lynk & Co brand.

Fri, 04 Aug 2017 04:53:23 GMT

New Pakistan's PM forms his government

According to the sources familiar with the matter, the newly-appointed Pakistani Prime Minister Shahid Khaqan Abbasi has finished to form the government.

Fri, 04 Aug 2017 04:53:04 GMT

US NFP likely to rise 183K in July

A Reuters poll of economists showed that US non-farm payrolls would presumably surge 183K for the month of July after rising 222K in the preceding month.

Fri, 04 Aug 2017 04:19:25 GMT

China: India is building up troops along its border

In a statement released on Thursday evening, the Chinese Foreign Ministry said India was building up its armed personnel along the border between the two countries.

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