News

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Wed, 05 Jul 2017 14:54:45 GMT

Euro zone retail sales rise in line with forecasts in May

Eurostat reported on Wednesday that retail sales in the 19-country climbed 0.4% in May, following the preceding month's increase of just 0.1% and meeting analysts' forecasts.

Wed, 05 Jul 2017 14:51:46 GMT

US factory orders drop 0.8% in May

The Census Bureau reported that US factory orders dropped 0.8% in May, following the prior month's fall of 0.3% and topping expectations for a 0.5% decline.

Wed, 05 Jul 2017 14:13:13 GMT

Vantiv to clinch $10B acquisition deal with Wordplay

On Wednesday, Wordplay Group agreed to be taken over by the US credit card tech company Vantiv in a deal worth up to $10B.

Wed, 05 Jul 2017 14:07:49 GMT

Germany's Gabriel calls for pact to end terrorism financing

The Foreign Minister of Germany Sigmar Gabriel urged all the Arab Gulf states to sign a deal to prevent financing of terrorism.

Wed, 05 Jul 2017 13:20:32 GMT

China seeks additional foreign investment

The State Council of China stated on Wednesday that the government was aimed to bring in more foreign investments as it sought to treat Chinese and foreign firms on an equal basis.

Wed, 05 Jul 2017 12:05:16 GMT

Airbus signs $23B deal to sell 140 aircraft to China

Europe's Airbus inked a $23B agreement to sell 140 of its jetliners to China on Tuesday during the Chinese leader Xi Jinping visit to Germany.

Wed, 05 Jul 2017 11:54:29 GMT

Manchester Airport evacuates Terminal 3 amid suspect bag

On Wednesday, Manchester Airport's Terminal 3 was evacuated following the suspected issue with a bag found in the building.

Wed, 05 Jul 2017 11:22:29 GMT

Alibaba introduces its first cut-price voice assistant

The Chinese sales giant Alibaba Group launched its first low-cost voice assistant speaker "Tmall Genie" for the price of $73.42; a cheap alternative to its Amazon and Google counterparts' speakers.

Wed, 05 Jul 2017 11:21:50 GMT

Vehicle-sharing service Zipcar to leave Austria

Auto group Avis's vehicle-sharing service Zipcar announced about its exit from the Austrian market by August 6 amid its inability to compete with Daimler's Car2Go and BMW's DriveNow services.

Wed, 05 Jul 2017 10:12:50 GMT

Arabs meet to discuss Qatar

Arab states were set to meet on Wednesday in Cairo to discuss the response of Qatar to the ultimatum, which was sent to the country by the Arab states.

Wed, 05 Jul 2017 10:12:01 GMT

Russia sets high hopes for Trump-Putin meeting

On Wednesday the Kremlin announced that they have high hopes that the meeting of Vladimir Putin and Donald Trump will establish a dialogue between Russia and the US.

Wed, 05 Jul 2017 09:30:17 GMT

Trials on downing of MH17 jet to take place in Netherlands

According to the Dutch Foreign Minister, the trials over downing of the MH17 passenger plane in Ukraine in 2014 will be held in the Netherlands under the country's law.

Wed, 05 Jul 2017 09:11:32 GMT

Thai assembly members quit to prepare to contest elections

Over a dozen of Thailand assembly's members resigned ahead of a constitutional deadline on July 4 amid lawmakers' intention to run in the next Parliamentary election.

Wed, 05 Jul 2017 08:30:55 GMT

China calls North Korea to comply with UN resolutions

The Foreign Ministry of China urged North Korea to stop violating the UN Security Council resolutions after North Korea's statement that its ICBM could have a large nuclear warhead.

Wed, 05 Jul 2017 08:16:19 GMT

Baidu to tie-up with TomTom on maps for computer-aided driving

On Wednesday, the Dutch navigation leader TomTom clinched a deal with China's Internet firm Baidu with intention to cooperate on digital maps that are used for computer-aided driving.

Wed, 05 Jul 2017 07:34:13 GMT

Ukrainian police blocks second cyber attack

Ukraine's Interior Minister Arsen Avakov stated on Wednesday that the cyber police managed to prevent another cyber attack against the country.

Wed, 05 Jul 2017 07:23:04 GMT

Ericsson CEO not to run for re-election

On Wednesday, Chief Executive of the Sweden mobile equipment company Ericsson Leif Johansson declared he was not willing to stand for re-election at the firm's AGM next year.

Wed, 05 Jul 2017 06:32:14 GMT

Nokia, Chinese Xiaomi clinches patent deal

On Wednesday, telecoms network equipment manufacturer Nokia and China's handset maker Xiaomi Tech stated that they had closed a patent license agreement following the firms' intention to cooperate.

Wed, 05 Jul 2017 06:22:21 GMT

Turkey lifts electronics ban on US flights

According to the Dogan news outlet, Turkey lifted an electronics ban on flights to the United States as scheduled on Wednesday.

Wed, 05 Jul 2017 04:51:54 GMT

Governor of Tokyo wants to ban smoking before 2020 Olympics

The governor of Tokyo Yuriko Koike has announced plans to propose a law that will ban smoking publicly before the 2020 Summer Olympics. A similar law was not passed by national politician in spring.

Wed, 05 Jul 2017 04:51:02 GMT

People's Insurance chief will be prosecuted

The former head of the People's Insurance Co of China will be prosecuted, as an investigation discovered his engagement in various corrupt practices.

Wed, 05 Jul 2017 04:24:43 GMT

Volvo set to go all electric from 2019

Volvo Car Group announced on Wednesday that all models, beginning with 2019, will be electric or hybrids. However, previously launched models are set to remain in production.

Wed, 05 Jul 2017 04:23:48 GMT

Haiti plans new army

The Haitian defence minister has announced that a new and reformed small sized army will be created in the country. The size of it is expected to be less than 500 personnel.

Wed, 05 Jul 2017 03:02:15 GMT

China's services PMI drops to 51.5 in June

Markit reported its PMI for Japan services sector fell to 51.5 in June with due to slump in new orders, signalling that pressure on businesses renewed and the economic outlook softened.

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