News

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Fri, 20 Apr 2018 02:29:47 GMT

Germany's expansion to slow in Q1

Germany's economic growth is expected to slow in the March quarter, though the upswing in the economy is likely to remain robust, the Finance Ministry stated.

Thu, 19 Apr 2018 20:03:14 GMT

Canada's airline profits to fall this year

Canadian airline profitability, which managed to reach the 20-year high in 2017, is likely to soften this year amid higher labour and fuel costs.

Thu, 19 Apr 2018 20:02:20 GMT

Austria to function as bridge between China-EU Silk Road

Austria announced the intention to act just as a bridge linking Europe and China, attracting investments and laying the ground for trade on the Silk Road.

Thu, 19 Apr 2018 19:30:16 GMT

BoE Carney weakens expectations for rate hike in May

Mark Carney, the Governor of the Bank of England, dampened expectations for an increase of interest rates in May, adding that there were other meetings this year.

Thu, 19 Apr 2018 19:29:32 GMT

Gabon to make $277M investment in fibre optic network

Gabon is set to invest $277M in the following three years to expand the company's fibre optic network to enhance digital connections.

Thu, 19 Apr 2018 18:23:01 GMT

Trudeau: Kinder Morgan pipeline to be build

On Thursday, Canadian Prime Minister Justin Trudeau claimed that a Kinder Morgan pipeline, which is opposed by British Columbia, would be built, adding that it will serve the interests of Canadians.

Thu, 19 Apr 2018 18:14:15 GMT

Merkel urges compromise on Euro zone reforms

On Thursday, German Chancellor Angela Merkel during her meeting with French President Emmanuel Macron urged to compromise regarding upcoming Euro zone reforms.

Thu, 19 Apr 2018 17:23:58 GMT

BlackRock urges regulators to consider unequal voting rights

On Thursday, one of the largest asset management firms BlackRock Inc claimed that security regulators need to reconsider international standards for voting rights of shareholders.

Thu, 19 Apr 2018 17:14:01 GMT

Pentagon: Syria retains the ability to launch chemical weapon attacks

On Thursday, Pentagon claimed that while there are no signs that Syrian government is preparing a new chemical weapon attack, it still has capabilities to launch such type of attacks in future.

Thu, 19 Apr 2018 16:22:58 GMT

Theresa May and Xi Jinping say chemical weapons are "unacceptable"

On Thursday, the Prime Minister of the UK Theresa May and Chinese President Xi Jinping agreed that the usage of chemical weapons is unacceptable under any circumstances. 

Thu, 19 Apr 2018 16:10:26 GMT

Lagarde: US-China trade war threatens global financial order

On Thursday, the Managing Director of the International Monetary Fund Christine Lagarde said that a trade war between the US and china threatens the global financial order and investments. 

Thu, 19 Apr 2018 15:26:17 GMT

Time Warner CEO: merger with AT&T in necessary to compete with Google

Time Warner CEO Jeff Bewkes stated that his company plans to merge with telecom giant AT&T because it is a necessary step to compete with Facebook and Google for online advertising market. 

Thu, 19 Apr 2018 15:17:37 GMT

Alibaba Group to invest $320M in Thailand

On Thursday, the government officials of Thailand stated that Chinese ecommerce giant Alibaba Group is planning to invest $320M in various industries in Thailand, including agriculture and tourism market.

Thu, 19 Apr 2018 14:35:39 GMT

South Korean Moon: North Korea aims to complete denuclearisation

According to the South Korean leader Moon Jae-in's statement on Thursday, North Korea is seeking a "complete denuclearisation" on the Korean peninsula.

Thu, 19 Apr 2018 13:48:00 GMT

Fort Ross seeks to bring more US start-ups to Russia

Fort Ross, the venture capital company, has raised about $200M in funding, seeking to bring more Silicon Valley's start-ups to Russia, allowing them to deliver services to the country's largest corporations.

Thu, 19 Apr 2018 13:09:31 GMT

Ethiopian PM reshuffles Cabinet amid reform bid

On Thursday, Ethiopia's newly-elected Prime Minister Abiy Ahmed appointed a new Defence Minister as part of the Cabinet reshuffle, as he seeks to introduce reforms that have been demanded by public.

Thu, 19 Apr 2018 12:57:04 GMT

US initial jobless claims slide 1K last week

The number of applications for US unemployment benefits fell to 232K in the week ending April 14, following the prior month's 233K reading, while analysts anticipated a drop to 230K.

Thu, 19 Apr 2018 12:37:16 GMT

Takeda launches $61B offer for drugmaker Shire

Takeda Pharmaceuticals made a bid on Thursday for the London-based drugmaker Shire, valuing the company at about $61B, sources familiar with the issue reported.

Thu, 19 Apr 2018 12:35:05 GMT

Codorniu rejects Carlyle takeover bid on Thursday

The Spanish cava sparkling wine maker Codorniu rejected a takeover offer by The Carlyle Group, the company stated on Thursday.

Thu, 19 Apr 2018 11:10:36 GMT

Vivendi considers possible Universal Music listing

On Thursday, the CEO of France's media group Vivendi Arnaud de Puyfontaine stated the company was reviewing the possibility of the initial public offering of its Universal Music division.

Thu, 19 Apr 2018 10:58:44 GMT

Britain's BenevolentAI attracts $115M in funding

The UK artificial intelligence pharmaceutical firm BenevolentAI raised $115M in funding round worth $2B, the company announced on Thursday.

Thu, 19 Apr 2018 10:13:12 GMT

EU 2017 asylum giving stats are published

The European Union has announced that it has granted official asylum in 2017 to more than 500,000 migrants. However, only one third of them are from Syria.

Thu, 19 Apr 2018 10:12:21 GMT

German Opel plant costs are revealed

The CEO of Opel on Thursday revealed that the company's German based plan has two times bigger cost base than a French based plant.

Thu, 19 Apr 2018 09:38:36 GMT

Murray Goulburn CEO to resign after Saputo takeover

On Thursday, the daily processor Murray Goulburn stated its Chief Executive Officer Ari Mervis was set to quit his position after the company's $1B takeover by the Canadian firm Saputo.

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