News

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Sat, 21 Oct 2017 04:21:29 GMT

Merck to fire around 7% of its US staff

The US-based pharmaceutical firm Merck announced its plans to lay off around 1.8K sales representatives in the country as a part of a major company shake-up.

Sat, 21 Oct 2017 02:55:27 GMT

Tesla increases credibility for car leases to $1.1B

Tesla announced that it has raised creditworthiness for the company's car lease program to $1.1B from $600M, just after the necessity to spend heavily on new Model 3 fixing.

Sat, 21 Oct 2017 02:54:30 GMT

California judge throws out $417M verdict against Johnson & Johnson

A California judge tossed a $417M verdict in a lawsuit against Johnson & Johnson, where a woman claimed that she developed cancer after using the company's products.

Sat, 21 Oct 2017 02:34:13 GMT

US 2017 deficit increases to 3.5% of GDP

The US Treasury Department said that the country's budget deficit widened to 3.5% of GDP or $666B, for the fiscal year 2017, as the record amount of spending offset record receipts.

Sat, 21 Oct 2017 02:30:00 GMT

Snap lays off 18 people in its recruiting division

Social media firm Snap announced that it laid off 18 employees in the company's recruiting division, making a reflection of hard competition from Facebook.

Fri, 20 Oct 2017 19:56:18 GMT

UK May wins Brexit postponement, faces difficult weeks ahead

Theresa May, the British Prime Minister, won a reprieve in stalled Brexit negotiations, while the EU leaders showed willingness to move the talks forward in the forthcoming moths.

Fri, 20 Oct 2017 19:55:42 GMT

Spain to hold elections in Catalonia to halt independence bid

The government of Spain ensured opposition support to dissolve Catalonia's parliament and hold new elections in January in a bid to defuse regional government pushing for independence.

Fri, 20 Oct 2017 18:54:01 GMT

New York Fed diminishes US GDP estimates for Q3, Q4

The New York Fed lowered its forecasts for the US economic growth for the Q3 and the Q4, as Hurricanes Irma and Harvey hurt industrial output and home construction in September.

Fri, 20 Oct 2017 18:53:36 GMT

US existing home sales increase unexpectedly in September

US home resales rebounded 0.9% to a seasonally adjusted yearly rate of 5.39M units in September, despite expectations for a 1.0% decline in the reported period.

Fri, 20 Oct 2017 17:55:02 GMT

Paris to regulate Asia bike-sharing operators

Paris announced plans to prevent Asian bike-share operators bursting into the town the way Uber and Airbnb did by introducing new rules.

Fri, 20 Oct 2017 17:54:28 GMT

BMW inspected by EU antitrust staff

German car manufacturer BMW confirmed that the EU antitrust officials were in the company's offices in Munich to make its inspection due to alleged violation of antitrust regulations.

Fri, 20 Oct 2017 17:02:00 GMT

US not to interfere EU-Iran trade

Rex Tillerson, the US Secretary of State, said that the US is unlikely to impede the EU business transactions and trade with Iran despite Donald Trump's decision to decertify the 2015 nuclear deal.

Fri, 20 Oct 2017 17:01:46 GMT

GE stock falls on weak profit, CEO diminishes forecasts

General Electric's stock fell nearly 6%, as the company announced that its Q3 profit missed projections, while CEO slashed earnings estimates due to lower power operations' volume.

Fri, 20 Oct 2017 16:15:58 GMT

French businesses want clarity over Iran nuclear deal

The French Foreign and Finance Ministry's officials and French businesses decided to meet to discuss the consequences of the US President decision to refuse the certification of the 2015 Iran nuclear deal.

Fri, 20 Oct 2017 16:14:59 GMT

Suicide bomber kills 30 in Afghan capital mosque

At least 30 people died after a suicide bomber had targeted a Shiite mosque in the Afghan capital Kabul on Friday night, the police reported.

Fri, 20 Oct 2017 14:55:32 GMT

Wall Street gains on bank and tech stocks data

US stocks rose on Friday on bank stocks increase and tech stocks recovery, after investors' optimism returned as the administration of Donald Trump signaled on lower taxes.

Fri, 20 Oct 2017 14:55:18 GMT

Kobe Steel stops shipping 43 pct of copper products from Hatano plant

Kobe Steel decided to stop shipping around 43% of copper products from Hatano plant, since it appeared to violate the country's industrial standards.

Fri, 20 Oct 2017 14:33:39 GMT

EU to cut money for Turkey amid sour ties

The European Union is willing to reduce some money earmarked for Turkey's join to the bloc amid increasingly strained relations with Ankara.

Fri, 20 Oct 2017 14:24:37 GMT

XPO Logistics to add 6K seasonal workers

XPO Logistics is hiring over 6K holiday workers for the festive season, which is 20% more than the previous year, as the US company seeks a surge in the e-commerce delivery.

Fri, 20 Oct 2017 13:34:21 GMT

Czechs trigger Parliamentary vote on Friday

Citizens of the Czech Republic started voting this Friday in the country's Parliamentary election seen to grant power to a wealthy businessman and politician Andrej Babis.

Fri, 20 Oct 2017 13:31:26 GMT

Austria's Kurz gets permission to form government

The Austrian President granted the Conservative leader Sebastian Kurz a permission to form the government, after he secured 31.5% vote in the Parliamentary election on Sunday.

Fri, 20 Oct 2017 12:29:07 GMT

Namibia's Airbnb hosts risk imprisonment if fail to register

Namibia warned the Airbnb local home owners that they risked imprisonment, in case the hosts failed to register with tourism regulatory body by the end of the year.

Fri, 20 Oct 2017 12:18:25 GMT

Spain to introduce measures on October 21 direct rule

Spain's Prime Minister Mariano Rajoy is willing to announce on Saturday the measures to impose a direct rule on Catalonia over the wealthy region's bid to separate from the country.

Fri, 20 Oct 2017 11:10:43 GMT

Japan regional banks to face questions on business models

The Japanese financial regulator is willing to question the country's regional banks over poor business models amid FSA's concerns of neglecting core lending operations to domestic businesses.

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