News

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Wed, 28 Feb 2018 11:02:11 GMT

Indonesian authorities seize luxury yacht

Indonesia has seized on Wednesday a luxury yacht, which is associated with the multi-billion scandal that surrounds the state 1Malaysia Development Berhad fund.

Wed, 28 Feb 2018 11:01:24 GMT

Nigeria's Buhari gets endorsed for second term

The Nigeria's ruling party has decided upon endorsing Muhammadu Buhari for a second presidential term. The election is set to take place next year.

Wed, 28 Feb 2018 10:34:37 GMT

Iraqi minister says Baghdad open to business

Iraq's Foreign Minister Ibrahim al-Jafari stated on Wednesday that Baghdad was open to business with firms interested in backing the country, mentioning Russia's Rosneft.

Wed, 28 Feb 2018 10:27:38 GMT

China plans building nuclear-powered jet carrier

According to the Chinese state media, China is preparing for building a nuclear-powered aircraft carrier by developing specific technologies amid Beijing's military modernisation programme.

Wed, 28 Feb 2018 09:34:06 GMT

Lebanon's Hariri visits Riyadh for first time since resignation

The Lebanese PM Saad al-Hariri arrived in Riyadh for the first visit to Saudi Arabia since his resignation in November, which led to a political turmoil in the region.

Wed, 28 Feb 2018 09:31:40 GMT

US-Russian crew comes back from Space Station

On Wednesday, two US astronauts Joe Acaba and Mark Vande Hei and the Russian cosmonaut Alexander Misurkin returned from the International Space Station, following an almost six month mission.

Wed, 28 Feb 2018 08:32:22 GMT

T-Mobile ties up with Ericsson, Nokia over 5G networks

T-Mobile is planning to start constructing the next-generation 5G networks in at least 30 cities of the United States this year with the help of Nokia and Ericsson.

Wed, 28 Feb 2018 08:28:50 GMT

Waymo launches self-driving video to reassure potential riders

On Wednesday, Waymo presented a 360-degree video for its potential riders, showing how the ride in a self-driving car looks like, and making a step closer to launching journeys with the real passengers.

Wed, 28 Feb 2018 07:01:57 GMT

Japanese stocks reach for historical high level

A Reuters poll suggests that Japanese stocks are about to reach the 26-year historical high level by the end of December.

Wed, 28 Feb 2018 07:01:27 GMT

Dollar reaches three week high

The US Dollar was at a three week high level against most of other currencies. The cause of the surge was the Tuesday's testimony of the Chairman of the Fed Jerome Powell.

Wed, 28 Feb 2018 05:51:16 GMT

Chinese start up plans massive IPO

The Chinese start up Niro, which produces electric vehicles, has hired eight major banks to create an Initial Public Offering for the company. The IPO is expected to gather as much as $2B.

Wed, 28 Feb 2018 05:51:06 GMT

Kuroda comments on monetary policy

The head of the Bank of Japan Haruhiko Kuroda on Wednesday announced that the normalization of the country's monetary policy will be very gradual.

Wed, 28 Feb 2018 05:27:28 GMT

There is no damage to Papua New Guinea gas pipeline

ExxonMobil on Wednesday announced that so far there are no indications that this week's Papua New Guinea earthquake has damaged the country's major gas pipeline.

Wed, 28 Feb 2018 05:26:45 GMT

Chinese funds change their exposure

A recent Reuters poll has revealed that Chinese funds have been decreasing their equity exposure. In the meantime, the funds have been buying bonds.

Wed, 28 Feb 2018 03:57:56 GMT

Japanese industrial output falls in January as inventories pile up

Slowing production of electronics and cars put Japan's industrial production in the biggest decline in January, highlighting a pile up of inventory and weakening demand.

Wed, 28 Feb 2018 03:57:48 GMT

GM South Korea to diminish number of executives

The South Korean unit of General Motors announced plans to cut the number of the company's executives in the latest effort to restructure and slash costs.

Wed, 28 Feb 2018 02:57:03 GMT

Australian business sentiment remains negative in February

ANZ reported that its Business Confidence Index came in at -19.0 in February, following the preceding month's -37.8.

Wed, 28 Feb 2018 02:56:11 GMT

Chinese manufacturing activity deteriorates in February

The CFLP reported on Wednesday that its PMI for the Chinese manufacturing sector dropped to 50.3 in February from the prior month's 51.3, while analysts anticipated a slight decrease to 51.2.

Tue, 27 Feb 2018 20:55:12 GMT

Republicans to reject Trump's proposed gun limits

Republican leaders in the US Congress are to oppose the President Donald Trump's proposal to increase the minimum age for buying guns from 18 to 21.

Tue, 27 Feb 2018 20:52:58 GMT

German inflation rises 1.2% in February

The Federal Statistics Office reported on Tuesday that German inflation rose by 1.2% year-on-year in February, as price pressures remained muted despite a solid economic upswing.

Tue, 27 Feb 2018 19:57:37 GMT

Macedonia considers four options to resolve name dispute with Greece

The Macedonian Prime Minister Zoran Zaev told media on Tuesday that four options were possible to settle the long-lasting dispute with Greece over its name.

Tue, 27 Feb 2018 19:51:20 GMT

Venezuela's Arreaza says debt renegotiation harder due to US sanctions

The Venezuelan Foreign Minister Jorge Arreaza said on Tuesday that US sanctions made the renegotiation of foreign debt more difficult for global banks.

Tue, 27 Feb 2018 18:54:11 GMT

German cities could ban diesel cars

On Tuesday, a top administrative court of Germany stated that German cities have the right to ban old diesel engines from their streets to reduce air pollution.

Tue, 27 Feb 2018 18:53:45 GMT

UK Minister Fox: staying in customs union would betray Brexit voters

The UK Minister of State for Trade Liam Fox criticised plans of the opposition Labour party to stay in the customs union with the EU, claiming that this decision will betray Brexit voters.

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