News

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Wed, 02 Aug 2017 06:24:07 GMT

UAE claims sanctions against Doha comply with WTO agreements

The United Arab Emirates stated that the imposed economic sanctions against Doha by its neighbouring Gulf states did not violate the World Trade Organisation agreements after Qatar filed a wide-ranging legal complaint.

Wed, 02 Aug 2017 05:32:23 GMT

Spicer likely to leave White House in August

White House's Communications Director Sean Spicer is eager to resign from his post in late August, despite speculations that he might remain at this position after Anthony Scaramucci firing.

Wed, 02 Aug 2017 05:23:19 GMT

US Court grants permission to defend Obamacare payments

The US Court of Appeals granted the Democratic states Attorneys General a permission to defend payments to insurance firms under the Obamacare law, despite the President Donald Trump sought to cut it off.

Wed, 02 Aug 2017 04:30:25 GMT

Japan Foreign Minister to take key policy post in LDP

Japan's Foreign Minister Fumio Kishida will take a key ruling position in the PM Shinzo Abe's Liberal Democratic Party, following the Cabinet reshuffle this Thursday.

Wed, 02 Aug 2017 04:25:08 GMT

China removes anti-graft watchdog from party for bribery

On Wednesday, China expelled its anti-graft inspector Zhang Huawei from the Communist Party as an investigation showed he had abused his power to receive bribes.

Wed, 02 Aug 2017 02:55:25 GMT

Ukrainian President hails trade deal with Canada

Petro Poroshenko, the Ukrainian President, welcomed the Canada-Ukraine free trade deal that came into power recently, which is expected to strengthen bilateral relations.

Wed, 02 Aug 2017 02:54:08 GMT

EU to include more fruit, vegetables and milk in school diets

The European Commission stated that new schemes for schools are set to lead to healthier eating habits, as more vegetables, fruit and milk would be included in children diets.

Wed, 02 Aug 2017 02:12:20 GMT

Italian oil major firm to invest $3.5B in Egypt next year

Italian oil giant Eni revealed that the company intends to invest $3.5B in development of the largest gas field in Egypt in the next year, referring to the country as a key partner.

Wed, 02 Aug 2017 02:10:21 GMT

Ukraine raises defence spending in this year's budget

Ukrainian President signed the law, which amends the country's 2017 state budget and envisaged the boost of defence spending by around $100M.

Tue, 01 Aug 2017 20:08:08 GMT

US Tillerson says US-Russia relations are under substantial stress

The US Secretary of State Rex Tillerson said on Tuesday that relations between Russia and the US were under substantial stress but both countries were still trying to work together.

Tue, 01 Aug 2017 20:07:20 GMT

GM annual car sales rate falls to 16.9M in July

General Motors reported on Tuesday that its seasonally adjusted annual car sales rate dropped to 16.9M vehicles last month.

Tue, 01 Aug 2017 19:11:03 GMT

Dow Jones approaches 22,000 mark

On Tuesday, the Dow Jones Industrial Average Index hit its record high and inched closer to the 22,000-point mark, supported by JPMorgan Chase, Goldman Sachs and other banks.

Tue, 01 Aug 2017 19:05:38 GMT

GDT Price Index falls 1.6%

Dairy product prices dropped 1.6% at the latest Global Dairy Trade auction, following an increase of 0.2%.

Tue, 01 Aug 2017 17:58:08 GMT

GM reports 22% higher sales in Canada last month

General Motors revealed that the company's sales in Canada increased 22% year-over-year in July, while the amount of cars sold in the US dropped 15% in the same period.

Tue, 01 Aug 2017 17:55:08 GMT

Sony profit increase amid strong image sensors sales

Sony reported that its operating profit surged to $1.43B in the fiscal June quarter due to higher sales of sensors used for cameras in smartphones.

Tue, 01 Aug 2017 16:54:26 GMT

Germany to test facial recognition technology at railway station

Germany's authorities launched a six-month long test of facial recognition technology placed at a rail station in Berlin, before it could be used to enhance security in the future.

Tue, 01 Aug 2017 16:53:40 GMT

Sri Lanka invites more investors from China

Sri Lanka called on more China's investors to put money into the country, pointing out that China alone invested more than $52M in the year of 2016.

Tue, 01 Aug 2017 16:19:35 GMT

23 EU cities compete to host UK-based agencies

The European Union revealed that 23 cities compete to host the bloc's banking and medicine agencies, which are currently based in the UK, but must be relocated before Brexit.

Tue, 01 Aug 2017 16:18:38 GMT

US manufacturing expands at slower pace in July

Manufacturing sector in the United States expanded at a slower-than-expected pace in July, as the factory activity index dropped to 56.3, missing forecasts for a 56.5 reading.

Tue, 01 Aug 2017 15:20:06 GMT

US consumer spending rises 0.1% in June

The US consumer spending, which represents two-thirds of the country's economic activity, increased 0.1% in June, following an upwardly revised gain of 0.2% in May.

Tue, 01 Aug 2017 15:17:57 GMT

Economic growth in Euro zone picks up speed in Q2

The economy in the 19-country bloc expanded 0.6% in the second quarter, compared with the 0.5% growth pace in Q1, the official report showed.

Tue, 01 Aug 2017 14:32:38 GMT

Bulgaria, Macedonia sign pact to mend relations

On Tuesday, the Prime Ministers of Bulgaria and Macedonia Boyko Borissov and Zoran Zoev signed a treaty of friendship that symbolises the end of diplomatic wrangling between the two countries.

Tue, 01 Aug 2017 14:22:52 GMT

Germany's Infineon to supply parts to Tesla Model 3

Germany's chipmaker Infineon announced on Tuesday it would supply parts to Tesla new mass-market Model 3 electric vehicle after being recaptured from its initial customer STMicroelectronics.

Tue, 01 Aug 2017 13:14:07 GMT

Trump fires White House communications chief

President of the United States Donald Trump on Tuesday fired the recently hired new White House chief of communications Anthony Scaramucci.

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