News

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Thu, 13 Jul 2017 16:21:05 GMT

Bank of France recommends keeping regulated savings rate steady

The Bank of France advised on Thursday the Finance Ministry to keep the rate on popular tax-free savings accounts unchanged at 0.75%.

Thu, 13 Jul 2017 15:23:03 GMT

Nobel laureate Liu Xiaobo dies at age 61

China's most famous political prisoner, the Nobel laureate and democracy icon Liu Xiaobo, has died at the age of 61.

Thu, 13 Jul 2017 15:22:50 GMT

Foreign car-makers call China to soften electric car quotas

Global automotive manufacturers decided to appeal to the Chinese government to delay and soften proposals for electric and hybrid car quotas.

Thu, 13 Jul 2017 14:26:52 GMT

BBC signs editorial partnership with CBS News

CBS News announced on Thursday it formed a newsgathering and editorial partnership with the BBC news agency, following organisations' intention to share editorial content, videos and other resources across the world.

Thu, 13 Jul 2017 14:08:36 GMT

Daimler to manufacture batteries at German Mercedes-Benz plant

On Thursday, Daimler reported it had clinched a deal with workers on electric vehicle batteries and components production at its Mercedes-Benz factory in Germany. 

Thu, 13 Jul 2017 13:30:13 GMT

Yandex, Uber to combine ride-hailing businesses in Russia

Yandex and Uber came to an agreement to combine their ride-hailing businesses in Russia with Yandex taking the leadership in a deal that expanded to five neighbouring markets.

Thu, 13 Jul 2017 13:29:59 GMT

UK moves towards Brexit with EU repeal bill

On Thursday, Britain has published its repeal bill that is leading the country towards the exit from the EU in 2019 and ensures the same rules to apply in the UK after the Brexit process would be over.

Thu, 13 Jul 2017 12:30:53 GMT

Britain's May evades question on her stay in power

On Thursday, the UK Prime Minister Theresa May refused to answer the question on how long she would run her office after losing the Parliamentary majority in the June 8 election.

Thu, 13 Jul 2017 11:09:58 GMT

Altice to introduce online bank in EU by 2019

The telecoms group Altice is aimed to launch its online bank across the Eurozone by spring 2019 amid a high demand for online services by the mobile operators' customers.

Thu, 13 Jul 2017 11:09:49 GMT

Dozen dead, 40 hurt amid Cameroon suicide bomb blast

No less than 12 people died, while more than 40 were wounded in an explosion of a suicide bomb in Cameroon close to the Nigerian border.

Thu, 13 Jul 2017 10:10:26 GMT

South Africa's Gigaba says tough budget decisions ahead

The South African Finance Minister Malusi Gigaba said on Thursday that the country faced difficult budgetary decisions due to weak economic growth that have resulted in a recession.

Thu, 13 Jul 2017 10:10:13 GMT

Russia hands 20 years in jail to oppositionist Nemtsov's killer

On Thursday, the Moscow military district court handed Zaur Dadayev, a former Chechen soldier convicted of murdering the Kremlin oppositionist Boris Nemtsov, a 20-year sentence.

Thu, 13 Jul 2017 09:34:34 GMT

Eurozone seeks joint budget to back members in crisis

The leader of the EU rescue fund stated on Thursday that the Eurozone needed a joint budget to support its members in case of crisis.

Thu, 13 Jul 2017 09:26:01 GMT

Brazil's leader conviction opens door for 2018 Presidential race

According to political experts, a graft conviction of the ex-Brazilian President Luiz Inacio Lula da Silva opened a field for launching the 2018 Presidential race.

Thu, 13 Jul 2017 08:34:36 GMT

Sweden's escalates crackdown on illegal immigrants

Sweden government made a decision to intensify the crackdown on illegal immigrants after an asylum-seeker claimed lives of five people in the country's capital.

Thu, 13 Jul 2017 08:18:25 GMT

Daimler shares drop 2.5% amid excess emissions report

The Mercedes manufacturer Daimler's shares plunged 2.5% on Thursday amid a report alleging the automaker had sold over 1M of vehicles with excess emissions in the US and Europe.

Thu, 13 Jul 2017 07:32:08 GMT

Trump visits France for Bastille Day celebrations

On Thursday, the US President Donald Trump arrived in Paris for a two-day visit with intention to take part in the Bastille Day celebrations.

Thu, 13 Jul 2017 07:26:21 GMT

Britain rejects to overpay Brexit bill to EU

The Brexit Junior Minister Steve Baker stated on Thursday that the United Kingdom would not pay extra money to the European Union, insisting on the price that was previously settled for the EU exit bill.

Thu, 13 Jul 2017 07:01:18 GMT

Micro-investing start-up Stash secures $40M

The New-York-based micro-investing mobile start-up Stash raised $40M in a round that was led by the Coatue Management's fund manager.

Thu, 13 Jul 2017 06:51:43 GMT

Former Brazil leader Lula jailed up to 10 years for corruption

On Wednesday, the ex-Brazil President Luiz Inacio Lula da Silva was sentenced to nearly 10 years of imprisonment on corruption charges.

Thu, 13 Jul 2017 04:19:45 GMT

Chinese trade better than expected

Chinese officials have published better than forecasted June trade data. This suggests that the economy is doing better than it has been thought previously.

Thu, 13 Jul 2017 04:19:20 GMT

Stash raises 40 million

Micro-investing start-up Stash has gathered $40 million in a round of investment done by Coatue Management.

Thu, 13 Jul 2017 02:55:08 GMT

BoE's McCafferty wants unwinding QE earlier

The Bank of England have to consider unwinding its quantitative easing programme totalling £345B earlier than planned, the Bank's policymaker Ian McCafferty revealed.

Thu, 13 Jul 2017 02:54:53 GMT

Bank of Canada rises interest rates for first time in seven years

The Bank of Canada raised the key interest rate for the first time since 2010, pushing it to a still-low 0.75%, as the economy was not in need for as much monetary stimulus.

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