News

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Sat, 03 Apr 2021 17:00:07 GMT

South Korea invites Xi Jinping

On Saturday, Yonhap revealed that the South Korean authorities had invited the Chinese President Xi Jinping for a state visit.

Sat, 03 Apr 2021 16:00:06 GMT

India initiates lockdown

The Indian authorities announced on Saturday that due to a record of coronavirus infections a strict lockdown would soon be enacted.

Sat, 03 Apr 2021 15:22:19 GMT

Backlog ends at Suez Canal

On Saturday, Egyptian authorities announced that the backlog of ships at the Suez Canal had ended.

Sat, 03 Apr 2021 14:00:08 GMT

China's banks report profits in 2020

China's main state-owned banks reported an increase of their net profits in previous year despite the pandemic up to 1.93% year on year.

Sat, 03 Apr 2021 13:00:07 GMT

Postal Savings Bank of China reports profit

The Postal Savings Bank of China reported on Friday that its net profit in 2020 increased 5.38% to $9.8B.

Sat, 03 Apr 2021 12:00:07 GMT

FAW-Volkswagen sales on rise

According to a report published by FAW-Volkswagen Automobile Co., Ltd., the number of cars sold in Q1 increased 72% year on year.

Sat, 03 Apr 2021 11:00:06 GMT

US Treasuries gain value

The US Treasuries edged higher on Friday amid publication of the report showing a spike in employment in March.

Sat, 03 Apr 2021 10:00:10 GMT

Waymo's CEO resigns

John Krafcik, the Chief Executive Officer of Alphabet Inc's Waymo, announced his resignation on Friday but would remain in the company as an advisor.

Sat, 03 Apr 2021 09:00:06 GMT

US adds 916,000 jobs in March

The US economy added 916,000 jobs in March and the unemployment rate declined to 6.0%, data published by the Bureau of Labor Statistics show.

Sat, 03 Apr 2021 08:29:11 GMT

IMF approves $2.34B in financing for Kenya

The International Monetary Fund approved a new three-year $2.34B loan to Kenya to help the country respond to the COVID-19 pandemic and to refinance its existing debt.

Sat, 03 Apr 2021 07:31:04 GMT

Majority of UK companies experience post-Brexit disruptions

The majority of UK companies face trade disruptions with the EU since Brexit and many expect the problem to last for a long period of time, a survey shows.

Fri, 02 Apr 2021 21:10:05 GMT

Israel plans to use more solar energy

Israeli authorities plan to increase the use of the solar energy to 20% by 2025 and to 30% by 2030, the chairman of Israel's Electricity Regulatory Authority Yoav Katsavoy says.

Fri, 02 Apr 2021 21:05:05 GMT

Suez Canal to seek $1B compensation

Egypt's Suez Canal Authority plans to seek over $1B in compensation for losses related to the blockage of the canal by the container ship Ever Given.

Fri, 02 Apr 2021 21:00:06 GMT

S. Korea inflation reaches 14-month high

South Korea's inflation reached a 14-month high in March, due to higher prices for oil products and farm goods, a report published by the Statistics Korea shows.

Fri, 02 Apr 2021 20:55:05 GMT

S. African central bank fines Deutsche Bank

The South African Reserve Bank fined Deutsche Bank for weaknesses in its anti-money laundering policies, a report published by the central bank shows.

Fri, 02 Apr 2021 20:50:06 GMT

US economy to expand over 6% in 2021

The US economy will expand by more than 6% this year, in part due to the nation's aggressive fiscal policy stance, a report published by the Peterson Institute for International Economics shows.

Fri, 02 Apr 2021 20:00:06 GMT

Dutch parliament disapproves Rutte's behaviour

The Dutch Prime Minister Mark Rutte on Friday sustained a no-confidence vote and promised lawmakers' to restore confidence.

Fri, 02 Apr 2021 19:00:05 GMT

Iran, US to hold talks in Vienna

According to sources familiar with the matter, the US and Iranian diplomats will have unofficial talks in Vienna over the nuclear deal.

Fri, 02 Apr 2021 18:00:07 GMT

Japan, US to work together on chip supply

According to the Nikkei newspaper, the US and Japan agreed to cooperate on ensuring stable supply of chips' critical parts.

Fri, 02 Apr 2021 16:45:05 GMT

Turkey considers corporate tax hike

The Turkish ruling AK Party presented a proposal on Friday that presupposes corporate tax increase to 25% from 20%.

Fri, 02 Apr 2021 16:24:26 GMT

Tesla's deliveries beat expectations

The number of produced vehicles in Q4 2020 by Tesla Inc beated the Wall Street expectations because of high demand on less expensive models.

Fri, 02 Apr 2021 15:00:05 GMT

Airbus and Dassault reach deal on FCAS fighter

Partners including Dassault Aviation and Airbus reached a tentative agreement on the European FCAS fighter project, people close to the matter say.

Fri, 02 Apr 2021 14:00:06 GMT

Turkey auto sales rise

Sales of light commercial vehicles and passenger cars in Turkey rose 92.8% in March, compared to the same period in 2020, to 96,428 units, the Automotive Distributors Association reports.

Fri, 02 Apr 2021 13:00:07 GMT

Russian court fines Twitter

A Russian court fined Twitter over its failure to remove banned content and Russia slowed the speed of the service in the country.

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