News

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Fri, 04 Aug 2017 04:18:48 GMT

Australian retail sales up 0.3% in June

Data released by the Australian Bureau of Statistics on Friday revealed that the country's retail sales jumped 0.3% over the month of June.

Fri, 04 Aug 2017 02:52:20 GMT

Swiss railways set to build new fast line between Milan, Zurich

Swiss Federal Railways intended to build a new high-speed rail line between Milan and Zurich in 2020, which would reduce the travel time by up to one hour.

Fri, 04 Aug 2017 02:51:55 GMT

Toyota to build $1.6B US plant with Mazda

Toyota Motor and its rival Mazda Motor are expected to announce intention to build $1.6B worth plant in the US within a part of a joint venture.

Fri, 04 Aug 2017 02:03:32 GMT

China, Bulgaria discuss expanding economic, technology cooperation

Chinese and Bulgarian officials met to discuss a possible increase in cooperation between both countries on economy, technology and trade.

Fri, 04 Aug 2017 02:02:16 GMT

Boeing wins $409M contract to develop technologies

Boeing won a $409M worth Air Force contact for power, thermal and controls, as a part of an industry and government effort to develop innovative technologies.

Thu, 03 Aug 2017 20:03:20 GMT

BoE remains gloomy about UK's economic outlook amid Brexit

The Bank of England Governor Mark Carney said on Thursday that the country's withdrawal from the European Union continued to cast the largest shadow on Britain's economic outlook.

Thu, 03 Aug 2017 20:03:03 GMT

FedEx to skip holiday surcharges for most deliveries

FedEx reported on Thursday that it would not charge extra fees for most packages shipped during the peak holiday season this year.

Thu, 03 Aug 2017 19:08:31 GMT

Trump blames Congress for poor relations with Russia

On Thursday, the US President Donald Trump blamed the Congress for the country's poor relationship with Russia.

Thu, 03 Aug 2017 19:05:54 GMT

Russia's Lavrov to meet US Tillerson next week

Russia's Foreign Ministry reported on Thursday that the Russian Foreign Minister Sergei Lavrov would meet the US Secretary of State Rex Tillerson in Manila next week to discuss the current state of US-Russian relations.

Thu, 03 Aug 2017 18:22:34 GMT

Toyota to take 5% stake in Mazda to establish US auto plant

Japan's Nikkei reported on Thursday that Toyota would take a stake of almost 5% in Mazda to establish a joint-venture auto plant in the United States.

Thu, 03 Aug 2017 18:15:54 GMT

Air France expands no-fly zone over North Korea

Air France expanded its no-fly zone over North Korea after an intercontinental ballistic missile launched by the country fell into the sea just 100 kilometres away from one of its flight paths.

Thu, 03 Aug 2017 17:01:33 GMT

Russia announcesnew de-escalation zone north of Homs area

Syrian regime forces and Russia's defense ministry agreed to set up a ceasefire in northern parts of Homs province on Thursday, after Russia closed a deal on implementing a third safe zone.

Thu, 03 Aug 2017 17:01:17 GMT

Health insurer Aetna's quarterly profit above expectations

America's third largest health insurer Aetna's quarterly report was above the expectations on Thursday due to the strong cost controls improved performance in company's core businesses.

Thu, 03 Aug 2017 15:57:20 GMT

Tesla shares rise on Model 3 demand

More than 1800 daily reservations for the Model 3 surged Tesla's shares up 6.5% on Thursday, right after the company posted a narrower-than-expected Q2 loss on Wednesday.

Thu, 03 Aug 2017 15:57:05 GMT

Dish Network drops and revenue misses expectations

America's second satellite operator Dish Network reported about the quarterly results that missed analysts' expectations, and drop of 196,000 pay-television subscribers in the Q2 of 2017.

Thu, 03 Aug 2017 15:19:12 GMT

Trump urges Mexican President drop border wall protest

The President Donald Trump tried to pressure the Mexican President to stop his public defiance on the subject that Mexico would never pay for a border wall.

Thu, 03 Aug 2017 15:19:00 GMT

US factory orders rise 3% in June

New orders for the US-made goods jumped 3% in June, registering the biggest gain in eight months, the Commerce Department reported on Thursday.

Thu, 03 Aug 2017 14:28:52 GMT

UNESCO to rebuild original Aleppo's Old City

The UNESCO official stated that Aleppo's Old City could be reconstructed after years of civil war in Syria, adding that the organisation sought to rebuild the city's original appearance.

Thu, 03 Aug 2017 14:13:31 GMT

Initial jobless claims drops 5K last week

The number of applications for US unemployment benefits fell 5K to 240K in the week ending July 30, the US Department of Labour reported.

Thu, 03 Aug 2017 13:34:06 GMT

Trump blames Congress for poor relations with Russia

The President Donald Trump blamed the US Congress for "all-time-low" ties between Washington and Moscow the next day after he reluctantly signed the proposed sanctions against Russia into law.

Thu, 03 Aug 2017 13:23:51 GMT

Germany's automakers make attempts to prevent diesel bans

On Wednesday, Germany's ministers and carmakers agreed to reconstruct engine software of the 5.3M diesel vehicles to tackle pollution and try to restore German car industry's tarnished reputation.

Thu, 03 Aug 2017 12:33:33 GMT

Japan PM vows to maintain economic recovery his top priority

On Thursday, the Prime Minister of Japan Shinzo Abe vowed he would keep the economic revival his top priority, promising to continue the attempts to end deflation.

Thu, 03 Aug 2017 12:24:33 GMT

Avon head McCoy to resign following activist pressure

The Avon Products CEO Sheri McCoy is eager to resign from her post in March 2018, following the activist investor Barington Capital's pressure on the company over management changes.

Thu, 03 Aug 2017 11:02:56 GMT

China's Xiamen to severe shipping controls ahead of BRICS summit

The Chinese city of Xiamen is eager to increase shipping controls at its port due to the upcoming multilateral BRICS summit in early September.

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