News

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Sat, 07 Apr 2018 03:59:24 GMT

EC says 2.7M European users affected by Facebook data breach

According to the European Commission, around 2.7M Facebook users within the European Union were affected by the data privacy breach.

Fri, 06 Apr 2018 20:26:06 GMT

SoftBank borrows $8B backed by Alibaba Group

Japan's technology giant SoftBank used the stake in Alibaba Group, the online retailer, as collateral for its $8B loan provided by a group of at least ten banks, according to sources familiar with the matter.

Fri, 06 Apr 2018 20:20:27 GMT

Nine West Holdings files for bankuptcy

Nine West Holdings filed for bankruptcy, planning to reorganise some assets and sell others, as too much of debt felled the clothing and shoe business controlled by Sycamore Partners.

Fri, 06 Apr 2018 19:30:00 GMT

Russia's sanctions not to affect plans for Trump-Putin meeting

Preparations for the meeting between the US President Donald Trump and his counterpart Russia's Vladimir Putin would not be affected by the US sanctions imposed on Russia's businessmen and government officials.

Fri, 06 Apr 2018 19:26:51 GMT

Georgia to increase GDP forecast for 2018

Georgia is likely to increase its GDP growth expectations for the current year, as higher exports and foreign investment inflows would help to support the economy.

Fri, 06 Apr 2018 18:11:17 GMT

Canada creates 32.3K jobs in March

Statistics Canada stated that the country's economy created 32.3K positions over the course of March, while economists expected an increase of 18.8K.

Fri, 06 Apr 2018 18:08:31 GMT

Fed's Powell expects gradual rate hikes

The Federal Reserve is expected to stick to gradual rate increases to keep the control over inflation, the Bank's Chair Jerome Powell stated.

Fri, 06 Apr 2018 17:31:57 GMT

Gazprom CEO proud of being included on US sanctions list

Alexei Miller, the CEO of Russian company Gazprom, stated that he was honoured to be included on the US new sanctions list, adding that the firm's policies were right.

Fri, 06 Apr 2018 17:26:41 GMT

France, Germany to create new maritime patrol jet

France and Germany are expected to launch a program to develop a new maritime patrol aircraft due to concerns over increases in Russia's submarine patrols.

Fri, 06 Apr 2018 16:34:37 GMT

EU: Facebook confirms data of 2.7M users 'improperly shared'

Facebook confirmed that the data of the social network's 2.7M users within the EU was improperly used by Cambridge Analytica, the EU executive stated.

Fri, 06 Apr 2018 16:31:35 GMT

US job gains weakest in six months

The US economy created the smallest amount of jobs in the six-month period ending in March, the Labour Department stated on Friday.

Fri, 06 Apr 2018 15:35:28 GMT

Netflix offers $300M for billboard firm

Netflix was attempting the company's biggest acquisition, suggesting more than $300M to acquire a business, which owns billboards in Los Angeles, according to sources familiar with the matter.

Fri, 06 Apr 2018 15:33:36 GMT

NAFTA's ministers meet to negotiate possible deal

Top Mexican, Canadian and the US officials are expected to meet to talk about possible prospects for an agreement to upgrade NAFTA due to pressure from Washington to get a deal quicker, despite unresolved issues.

Fri, 06 Apr 2018 14:36:22 GMT

Activist fund values Toshiba's chip unit at $40B

Hong Kong's activist investment fund valued Toshiba's chip unit at as much as $40B, double its sale price agreed with the Bain-led consortium.

Fri, 06 Apr 2018 14:22:31 GMT

Retailers Coop and Edeka expand boycott of Nestle

Two supermarkets Coop and Edeka expanded their Nestle products boycott, putting more pressure on the Swiss company in the pricing stand-off with some other EU retailers.

Fri, 06 Apr 2018 13:16:10 GMT

Czech SDP votes to finish govt negotiations with PM Babis

Leadership of the Czech Social Democratic party voted to terminate the government talks with the ANO party led by the Prime Minister Andrej Babis, sources stated on Friday.

Fri, 06 Apr 2018 13:08:09 GMT

World Bank provides Lebanon with $4B in loans

On Friday, the World Bank provided Lebanon with $4B in loans over five years at the Paris donor conference, the country's Economy Minister stated.

Fri, 06 Apr 2018 12:31:31 GMT

Uber to postpone app's shutdown in Singapore

According to the Singapore competition watchdog, Uber is set to postpone the shutdown of its ride-hailing app in Singapore until April 15 due to competition review.

Fri, 06 Apr 2018 11:32:21 GMT

Ford gets ECB's permit for German banking licence

The European Central Bank granted an approval to Ford for its app to set up a German bank amid carmaker's strategy to soften possible risks from Britain's withdrawal from the EU.

Fri, 06 Apr 2018 11:26:48 GMT

France pledges $672M to support Lebanon economy

On Friday, France stated it would pledge $672M in aid to Lebanon to support its economic reforms amid the country's struggles from the Syrian war impact.

Fri, 06 Apr 2018 09:52:17 GMT

FTSE 100 falls amid Trump's trade talk

The UK's benchmark index FTSE 100 fell 0.2% to 7 181.42 on Friday in response to comments by the US President Donald Trump about additional trade tariffs on China.

Fri, 06 Apr 2018 09:52:08 GMT

Russia files lawsuit to limit access to Telegram

The Russian FSB Federal Security service has filed a lawsuit in order to restrict access to the messaging app Telegram after its refusal to provide clients' secret messages.

Fri, 06 Apr 2018 08:55:18 GMT

India urges for jeweller Nirav Modi arrest in bank fraud

India urged Hong Kong authorities on Friday to arrest the jeweller Nirav Modi, a suspect in a $2B fraud at Punjab National Bank, as the fugitive might be on the territory of China.

Fri, 06 Apr 2018 08:55:08 GMT

China's Didi ride-hailing service officially launched in Mexico

Uber's rival Didi Chuxing Technology made a public launch in Mexico by recruiting drivers and advertising its ride-hailing services, saying the firm would start operations in the nearest future.

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