News

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Tue, 02 May 2017 16:16:41 GMT

Schaeuble says loose monetary policy is "unhelpful"

The Finance Minister of Germany urged the ECB to go back to a more neutral monetary policy strategy, saying the current policy may raise the possibility of another global financial crisis.

Tue, 02 May 2017 15:10:50 GMT

T-Mobile to launch 5G in US in two years

A major US wireless network operator T-Mobile announced its intentions to launch the fifth-generation network in the country as soon as 2019.

Tue, 02 May 2017 15:09:59 GMT

Swedish radio: country to give up interim border controls

A Swedish radio reported the country's authorities had decided to give up interim border controls brought in back in 2015 to halt refugee inflow.

Tue, 02 May 2017 14:10:55 GMT

Czech PM to quit along with Cabinet this week

On Tuesday, the Czech Republic PM Bohuslav Sobotka announced about his resignation along with the government later this week over a dispute in the cabinet between him and the rival Finance Minister Andrej Babis.

Tue, 02 May 2017 13:56:39 GMT

German Manufacturing PMI little changed in April

Markit reported its PMI for the German manufacturing sector was little changed at 58.2 in April compared to the prior month's 58.3.

Tue, 02 May 2017 13:30:02 GMT

Germany's top minister calls off US trip amid officer arrest

The Defence Minister of Germany Ursula von der Leyen had to call off her scheduled trip to the United States following the necessity to focus on the military officer's arrest suspected of an attack planning.

Tue, 02 May 2017 13:11:07 GMT

United Airlines to face inquiry over passenger removal

On Tuesday, the US lawmakers will examine the United Airlines officials over passenger forcible removal from the aircraft last month as the incident sparked worldwide outrage.

Tue, 02 May 2017 12:31:28 GMT

May to find constructive way to approach Brexit talks

The UK PM Theresa May‘s spokesman stated that she would conduct the Brexit negotiations and was confident she would find a constructive way to approach the talks.

Tue, 02 May 2017 12:01:59 GMT

Euro zone jobless rate remains on hold at 9.5%

According to Eurostat, the Unemployment Rate in the Euro zone remained unchanged at 9.5% in March, missing expectations for a decline to 9.4%.

Tue, 02 May 2017 11:31:29 GMT

Samsung wins South Korean approval to probe driverless vehicle

South Korea granted Samsung Electronics a permission to test a driverless car carrying the company's software and electronic parts at the domestic level, following Samsung intention to prove itself in the automotive industry.

Tue, 02 May 2017 11:05:47 GMT

Euro zone manufacturing activity hits 56.7 in April

On Tuesday, Markit reported that the Euro zone Manufacturing PMI rose to 56.7 last month from March's 56.2.

Tue, 02 May 2017 10:01:41 GMT

UNICEF claims unexpected numbers of Somali children to suffer malnutrition in 2017

UNICEF reported on Tuesday that the number of children estimated to suffer malnutrition in Somalia in 2017 is projected to exceed the initial expectation by 50 percent, totalling in an anticipated 1.4 million children.

Tue, 02 May 2017 09:55:51 GMT

Chinese banks up home loan rates

As of May 1, lending rates for both first and second home buyers have been raised by six major Chinese banks or more, Reuters reported on Tuesday.

Tue, 02 May 2017 09:34:00 GMT

Police injured during May Day Demonstration in Paris

On Monday, one of the French policemen was seriously burnt, while two others got injured in clashes during the Paris May Day demonstration.

Tue, 02 May 2017 09:16:34 GMT

UK Manufacturing PMI exceeds expectations

Markit reported on Tuesday that UK Manufacturing activity rose to 57.3% in April from the proceeding month's 54.2%, surprising markets.

Tue, 02 May 2017 08:33:47 GMT

ECB to discuss 2018 strategy and eventual QE exit in June

The European Central Bank Governing Council official Ewald Nowotny stated that the ECB would have to negotiate on its 2018 strategy and the QE eventual exit next month.

Tue, 02 May 2017 08:15:47 GMT

Gunmen shoot dead Iraqi NGC top official in Kirkuk

On Tuesday, unknown gunmen killed the Iraqi government-run North Gas Company Deputy Manager Mohammed Younis in the Kirkuk oil city, shooting him and the driver to death in their car.

Tue, 02 May 2017 07:27:00 GMT

Lupton to become Lloyds' non-ring-fenced bank chairman

Lloyds Banking Group announced on Tuesday that James Lupton was named as a non-ring-fenced bank's chairman and would hold his new position from the first day of June.

Tue, 02 May 2017 07:14:45 GMT

Irish manufacturing grows amid new export orders

On Tuesday, the survey showed that Ireland's manufacturing activity grew at the fastest pace this April in nearly two years following new export orders introduced by the country.

Tue, 02 May 2017 06:33:44 GMT

Infosys to employ 10K US workers after Trump targets foreign firms

The IT services company Infosys stated it was eager to hire 10K American workers in the following two years after Donald Trump urged to give the priority to the US nationals rather than foreigners.

Tue, 02 May 2017 06:16:36 GMT

Japanese FM warns North Korean yen unstable

Japan's Finance Minister Taro Aso stated that North Korean yen was fluctuating amid climbing political tensions over the country's missile programme and nuclear weapons development.

Tue, 02 May 2017 04:51:43 GMT

Venezuelan National Assembly chief urges citizens to rebel

Julio Borges, the chief of Venezuela's National Assembly claimed on Tuesday that people should continue to protest and not put up with the actions of President Nicolas Maduro.

Tue, 02 May 2017 04:51:31 GMT

UK lawmakers suggest Middle East interests aligned with Europe

A British lawmaker committee claimed on Tuesday that the UK should strengthen ties with Europe when it comes to its Middle-East policy, as it would ensure the nuclear agreement with Iran stays in place

Tue, 02 May 2017 04:27:32 GMT

North Korea threatens nuclear war

Following a flight over the North Korean territory by US strategic bombers, the country responded by claiming that the US is pushing it to the verge of starting a nuclear war.

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