News

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Thu, 05 Jul 2018 19:35:24 GMT

Trump names new communications deputy chief

On Thursday, the President of the US Donald Trump named Bill Shine, the former executive of Fox News, to the deputy chief of staff for communications after resignation of Hope Hicks' in February.

Thu, 05 Jul 2018 19:31:17 GMT

UN urges to open border after Syrian army comes closer to Jordan

Syrian army came closer to the border of Jordan as Russian military and Syrian opposition agreed on resuming previously suspended talks on ending fighting in the region, resulting in UN's request to Jordan to open its borders for refugees.

Thu, 05 Jul 2018 18:36:09 GMT

Thyssenkrupp Chief Executive asks to resign

On Thursday, Chief Executive Officer of Thyssenkrupp Heinrich Hiesinger asked to step down after signing a joint venture agreement between Thyssenkrupp and Indian manufacturing giant Tata Steel. 

Thu, 05 Jul 2018 18:30:24 GMT

Boeing to buy controlling stake in Embraer

On Thursday, Boeing Co and Brazilian Embraer SA made a statement that American planemaker will buy controlling stake in Embraer's commercial aircraft arm. 

Thu, 05 Jul 2018 17:34:20 GMT

Lavron: Russia tries to save Iran nuclear deal

On Thursday, Russian Minister of Foreign Affairs Sergey Lavrov claimed that Russia is trying to do everything possible to maintain 2015 Iran nuclear deal after the withdrawal of the US from the agreement.

Thu, 05 Jul 2018 17:27:39 GMT

UK Business Minister: cabinet to agree customs plan on Friday

On Thursday, the Business Minister of the UK Greg Clark expressed his confidence that Minister's cabinet would agree a common opinion on future customs agreement between the UK and the EU.

Thu, 05 Jul 2018 15:37:57 GMT

May's spokeswoman: UK can sign trade deal with US despite Brexit proposals

On Thursday, a spokeswoman for the Prime Minister of the UK Theresa May said that new Brexit customs proposals would not prevent the UK from signing a trade agreement with the US.

Thu, 05 Jul 2018 15:29:40 GMT

Jaguar to leave the UK in case of bad Brexit

On Wednesday, British carmaker Jaguar said that a trade deal between the UK and the EU is necessary for a company to continue its operations in the UK, otherwise British manufacturer could not stay in the UK.

Thu, 05 Jul 2018 15:22:12 GMT

Ford plans to preserve China prices despite new tariffs

On Thursday, Ford Motor Co claimed that it has no plans to hike suggested retail price of imported Lincoln and Ford models in China despite the new additional tariffs on US vehicles.

Thu, 05 Jul 2018 14:01:08 GMT

Micron expects only 1% hit on Q4 revenue from Chinese ban

On Thursday, Micron Technology stated that China's temporary ban on the patent infringement lawsuit filed against the US chipmaker would hit its Q4 revenue only by 1%.

Thu, 05 Jul 2018 13:57:33 GMT

Hudson's Bay agrees on 50% EU business sale to form JV with Signa

Hudson Bay's agreed to sell around 50% of its EU business to the Austrian group Signa Holding in the deal that tie up two German department store chains together, the media reported on Wednesday.

Thu, 05 Jul 2018 13:30:30 GMT

Fosun acquires nearly 70% of match-making assets from chairman

Fosun International stated it would acquire 69.18% match-making assets from Baihe Jiayuan Network Group's Chairman Guo Guangchang in a cash deal valued at $603.4M.

Thu, 05 Jul 2018 13:21:54 GMT

Huawei, Altice team up to make Portugal EU leader in 5G

Portugal's telecoms company Altice and China's electronics giant Huawei are working closely to help Portugal become the European leader in the 5G networks' development.

Thu, 05 Jul 2018 12:37:46 GMT

Petra Diamonds sells its Kimberley JV's stake for $22M

On Thursday, the British miner Petra Diamonds announced it had sold a stake in the joint venture of Kimberley Ekapa Mining for around $22M.

Thu, 05 Jul 2018 11:15:43 GMT

Pompeo flies to North Korea

The US Secretary of State Mike Pompeo went on Thursday to North Korea to have another round of negotiations with Kim Jong-un and discuss liquidation of its nuclear plants and arsenal.

Thu, 05 Jul 2018 11:15:36 GMT

WTO warns of risks to economic growth

The World Trade Organization (WTO) stated on Thursday that chain of trade barriers initiated by the United States has already shown negative effects on global economic growth.

Thu, 05 Jul 2018 10:06:32 GMT

Donald Trump will visit the United Kingdom

As Donald Trump prepared to visit the United Kingdom next week, various political analysts noticed that Britain is set to be more dependent on its alliance with the USA.

Thu, 05 Jul 2018 10:05:39 GMT

European markets shrug off Asian pessimism

European stock markets continued to gain on Thursday in contrast to the session of decline experienced during the Asian session.

Thu, 05 Jul 2018 09:20:35 GMT

Oil down amid OPEC-Trump clash

Crude oil prices dropped by 11 cents on Thursday, reaching $74.03 a barrel, as the US President Donald Trump urged OPEC members to cut their prices.

Thu, 05 Jul 2018 09:16:42 GMT

Kenya to participate in Project Loon

The Information, Communication and Technology Minister of Kenya Joe Mucheru stated on Thursday the government will use special balloons developed by Alphabet X to provide Internet in hard-to-reach rural places.

Thu, 05 Jul 2018 08:13:51 GMT

Grab-Uber deal undermines competition

The Competition and Consumer Commission of Singapore stated on Thursday that sale of Uber's Southeast Asian business to Grab resulted in lower competition on the Singapore market and proposed to fine both companies.

Thu, 05 Jul 2018 08:07:52 GMT

ZTE announces name of new CEO

According to the Wall Street Journal, Xu Ziyang was nominated as the new Chief Executive Officer of Chinese networking gear and smartphone maker ZTE Corp.

Thu, 05 Jul 2018 07:39:22 GMT

Taiyo Nippon Sanso to acquire Praxair EU assets for $5.9B

On Thursday, Japan's industrial gas firm Taiyo Nippon Sanso announced it had agreed to acquire a part of the EU assets of Praxair in a possible deal worth $5.9B.

Thu, 05 Jul 2018 07:36:25 GMT

Embraer-Boeing negotiations come to final stage

Embraer's CEO Paulo Souza e Silva stated that the company's talks with Boeing over a merger of operations are in its final stage, Valor Economico reported late on Wednesday.

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