News

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Mon, 23 Oct 2017 14:07:24 GMT

Iraqi PM to arrive in Turkey on Wednesday

Iraqi PM Haider al-Abadi is set to arrive to Turkey on Wednesday, as he seeks negotiations over potential joint measures against the Kurdish Government after last month's referendum on independence.

Mon, 23 Oct 2017 13:31:46 GMT

EU antitrust staff probes VW, Daimler in cartel searches

The European Union antitrust officials raided the German carmakers Daimler and Volkswagen on Monday in a widening cartel searches, examining the documents at their headquarters and offices.

Mon, 23 Oct 2017 13:14:07 GMT

Abolishing German air passenger tax to boost economy

According to a PwC study, the abolishing German air travel tax could improve the country's economy by $79B over the following 12 years.

Mon, 23 Oct 2017 12:25:47 GMT

Germany approves Thyssenkrupp submarine sale

The government of Germany granted a permission to sell three Thyssenkrupp submarines to Israel in a deal worth around $2B, saying it would also provide a financial support for that purchase.

Mon, 23 Oct 2017 12:04:52 GMT

Amazon to open AI research centre in Germany

Amazon.com is planning to open an artificial intelligence research centre in Germany's city of Tuebingen, saying this will provide 100 additional jobs in the following five years.

Mon, 23 Oct 2017 11:07:44 GMT

Italy to set up new Central Bank governor

The Italian government is set to put forward its candidate for a new governor of the Bank of Italy at the Cabinet meeting on October 27.

Mon, 23 Oct 2017 11:06:59 GMT

Kaspersky calls for software independent review

Kaspersky is willing to submit its anti-virus software for an independent security review as it seeks to dispel the allegations that the Kremlin is using its product to conduct espionage.

Mon, 23 Oct 2017 09:59:13 GMT

Kyodo: Kobe Steel considers withdrawing earnings forecast amid scandal

Kobe Steel Ltd could withdraw its earnings estimate for the given fiscal year due to unknown monetary impact of data falsification, Kyodo said on Monday.

Mon, 23 Oct 2017 09:58:19 GMT

Spain's benchmark weakens amid tensions in Catalonia

Spain's benchmark index IBEX lost 0.5% on Monday amid increased tensions in Catalonia; the worst performers were BBVA and Banco Santander with a fall of 1.4% and 1.3%, respectively.

Mon, 23 Oct 2017 09:24:35 GMT

Iraq condemns Tillerson comments on Iran-backed militia

The media office of the Iraqi PM Haider al-Abadi criticised Rex Tillerson's comments over the Iranian-backed paramilitary units, as the US State Secretary called them to "go home".

Mon, 23 Oct 2017 09:02:19 GMT

UK to speed up on Brexit transition deal, risks job losing

UK businesses are urging the British government to reach the Brexit transition deal in the nearest future, as the country risks losing job positions and investment.

Mon, 23 Oct 2017 08:21:24 GMT

German FDP leader urges to put up taxes on big firms

The leader of Germany's Free Democrats Party Christian Lindner called on Monday to raise taxes for the international corporate giants, such as Apple, seeking to enhance cooperation within the EU.

Mon, 23 Oct 2017 08:03:30 GMT

Toshiba views to slide to $1B net loss

Toshiba is expecting an annual loss of about $1B after it had calculated taxes related to its chip unit sale, the Japanese conglomerate stated on Monday.

Mon, 23 Oct 2017 07:34:30 GMT

UK insurers likely to raise premiums for high-rises

British insurers think over raising premiums on high-rises in the country with flammable cladding panels after the Grenfell fire left at least 80 people dead.

Mon, 23 Oct 2017 07:24:32 GMT

Target to launch free shipping, gifts under $15 amid holidays

Target stated on Monday that it would launch free shipping in November and had already priced the majority of its assortment at under $15, gearing up for the upcoming holidays.

Mon, 23 Oct 2017 06:30:58 GMT

Mitsubishi Heavy, Boeing to cut 787 wing production costs

On Monday, Boeing and Mitsubishi Heavy announced they had reached the deal to lower the costs of the wings production for 787 Dreamliner, and would focus on efficiency in its manufacturing system.

Mon, 23 Oct 2017 06:24:39 GMT

US Defence chief arrives to Asia to discuss North Korea issue

The US Defence Secretary Jim Mattis is set to discuss with Asia's allies the North Korean crisis during his week-long visit to the region.

Mon, 23 Oct 2017 05:11:21 GMT

ANZ settles rate-rigging case with regulator

Australia's third-biggest lender ANZ has managed to reach an agreement to settle a rate-rigging suit filed by the Australian Securities and Investments Commission.

Mon, 23 Oct 2017 05:10:36 GMT

Australia to house about 800 refugees on PNG detention centre closure

Australia is set to spend around $195M to house nearly 800 asylum seekers following the closure of a detention centre in Papua New Guinea.

Mon, 23 Oct 2017 04:24:56 GMT

China Literature launches up to $1.1B IPO

On Monday, China's leading online publishing firm China Literature announced a launch of an up to $1.1B initial public offering in an attempt to expand its business.

Mon, 23 Oct 2017 04:24:06 GMT

Abe and Trump agree on more pressure on North Korea

The Japanese Deputy Chief Cabinet Secretary Yasutoshi Nishimura revealed on Monday that the US and Japan leaders had agreed to put more pressure on North Korea.

Mon, 23 Oct 2017 02:56:17 GMT

Tillerson says Saudis not ready for Gulf-related talks with Qatar

Saudi Arabia was not ready to start direct negotiations with Doha to resolve five-month trade and diplomatic cutoff, the US State Secretary Rex Tillerson said.

Mon, 23 Oct 2017 02:55:37 GMT

Cisco nears acquisition deal with BroadSoft

The world's largest networking gear producer Cisco was nearing a deal to buy BroadSoft, the US telecommunications software business, for $2B.

Mon, 23 Oct 2017 02:06:11 GMT

Noble Group to sell its oil liquids business for $580M to Vitol

Struggling Noble Group decided to sell the US-based oil liquids business to Vitol for nearly $580M, as part of plan to shrink business to diminish debt.

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