News

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Tue, 20 Mar 2018 15:11:36 GMT

Egypt Court to suspend Careem, Uber licenses

On Tuesday, Egypt's Court urged the ride-hailing firms Careem and Uber to halt their services in Egypt amid the licences suspicion order as both companies are pending a lawsuit filed by the country's taxi drivers.

Tue, 20 Mar 2018 14:27:41 GMT

Musk in talks over collaboration with Israel's AI firm Cortica

Elon Musk travelled to Israel for discussions over the cooperation between his e-vehicle company Tesla and the Israeli AI firm Cortica, according to the Globes financial news outlet.

Tue, 20 Mar 2018 14:18:03 GMT

BlackBerry's shares surge amid security deal with Microsoft

On Tuesday, shares of BlackBerry were up 4%, following the announcement that the company would provide software security for Microsoft's Office apps.

Tue, 20 Mar 2018 13:34:19 GMT

Pratt & Whitney to launch spare engine deliveries to IndiGo

Pratt & Whitney is set to launch deliveries of the spare engines to India's airline IndiGo, after it had been forced to ground its eight Airbus A320neo jets amid engine issues.

Tue, 20 Mar 2018 13:29:08 GMT

FedEx to expand retail business by adding new outlets

FedEx Office is planning to add 500 new outlets in Walmart amid company's planned expansion in the United States within the next two years.

Tue, 20 Mar 2018 11:56:48 GMT

EU to hold 2019 Parliament election on May 26

On Tuesday, the European Union governments agreed the next Parliament election is set to be held in the most countries on May 26 next year.

Tue, 20 Mar 2018 11:56:35 GMT

Serbia's PM threatens to quit amid colleagues' personal vanities

Serbia's Prime Minister Ana Brnabic stated she would step down from the country's coalition government, in case "personal vanities" of her colleagues were not set aside.

Tue, 20 Mar 2018 11:19:32 GMT

German ZEW economic sentiment slumps in March

ZEW reported that its economic sentiment for Germany slid to 5.1 points in March, a significant drop from 17.8-point reading registered in the preceding month.

Tue, 20 Mar 2018 11:18:17 GMT

UK February CPI disappoints

The Office for National Statistics reported on Tuesday that the UK CPI came in at 2.7% growth rate for the month of February, missing analysts' expectations for a 2.8% reading.

Tue, 20 Mar 2018 11:11:48 GMT

Shares of Hasbro, Mattel fall due to possible Toys ‘R' Us liquidation

The shares the two largest US toymakers Hasbro Inc and Mattel Inc fell on Friday, following a report that their major customer Toys ‘R' Us Inc was preparing for liquidation.

Tue, 20 Mar 2018 11:11:35 GMT

US stocks gain on employment data

US stocks strengthened on Friday, as payroll data showed a solid increase in job additions during February, while moderate wage growth pointed to stronger inflationary pressures.

Tue, 20 Mar 2018 10:35:55 GMT

UN urges Turkey to stop violations, end state of emergency

On Tuesday, the United Nations urged Turkey to end its state of emergency that has been launched since July 2016 and triggered human rights violations that led to arrests of 160K people and civil servants dismissal.

Tue, 20 Mar 2018 10:26:49 GMT

Trudeau to discuss US tariffs at G7 meeting in June

The Canadian Prime Minister Justin Trudeau is planning to discuss the US steel and aluminium tariffs at the upcoming G7 meeting in June, following his phone call with South Korea's President Moon Jae-in.

Tue, 20 Mar 2018 09:01:54 GMT

US, South Korea to resume joint military drills

According to Washington and Seoul, the US-South Korea joint military exercises are set to be resumed next month, despite the President Donald Trump's meeting with North Korea's Kim Jong Un.

Tue, 20 Mar 2018 08:59:22 GMT

German prosecutors search VW's HQ in emission probe

On Tuesday, Volkswagen confirmed that the German prosecutors had searched its main headquarters again in early March amid an inquiry into the diesel emission row.

Tue, 20 Mar 2018 08:10:02 GMT

BlackBerry to face renewed lawsuit over data falsification

BlackBerry must face the revived US lawsuit over the alleged data falsification, as the company provided its shareholders with the misleadingly positive sales prospects of its BlackBerry 10 smartphones'

Tue, 20 Mar 2018 08:07:50 GMT

Facebook security head Stamos to resign in August

Facebook's Security Chief Alex Stamos was eager to step down from his post in August amid internal disagreements over social media's ways to deal with disinformation dissemination.

Tue, 20 Mar 2018 07:35:02 GMT

Uber's autonomous car kills woman in Arizona

According to the police reports on Monday, Uber's autonomous car killed an Arizona woman crossing the street, the first fatality that involves a self-driving vehicle.

Tue, 20 Mar 2018 05:55:03 GMT

Shares of India's Canara Bank plunge amid defraud scandal

Shares of the Indian state-owned Canara Bank plunged more than 5% on Tuesday amid a $10.5M defraud scandal involving its former CEO.

Tue, 20 Mar 2018 05:54:46 GMT

Kingdom Holding to spin off its $13B assets

The Saudi Arabian investment company Kingdom Holding plans to split its $13B assets through domestic property and other holdings, as explained by its CEO Prince Alwaleed bin Talal.

Tue, 20 Mar 2018 05:25:26 GMT

Kingdom Holding to spin off its $13B assets

The Saudi Arabian investment company Kingdom Holding plans to split its $13B assets through domestic property and other holdings, as explained by its CEO Prince Alwaleed bin Talal.

Tue, 20 Mar 2018 05:15:41 GMT

Whole Foods to hold summit for suppliers

The US-based supermarket chain Whole Foods is set to host a summit of 200 suppliers on Tuesday in order to discuss its business model under the ownership of Amazon.com.

Tue, 20 Mar 2018 05:14:54 GMT

China's Premier confident of achieving economic targets in 2018

The Chinese Premier Li Keqiang said China was confident of reaching the expected GDP growth of 6.5% in 2018 due to sound economic fundamentals.

Tue, 20 Mar 2018 04:28:32 GMT

Fed likely to hike rate three times this year

The Fed Chair Jerome Powell with colleagues are expected to raise rates four times in 2018, but unlikely to indicate that intention this week, a Bloomberg survey showed.

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