News

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Mon, 21 Aug 2017 09:22:16 GMT

Formula One to start eSports world championship

On Monday, Formula One announced its plans to start the first international virtual championship that will take place from September to November.

Mon, 21 Aug 2017 08:04:48 GMT

Thailand's GDP rises surprisingly 3.7% in Q2

The economy of Thailand maintained its recovery in the June quarter, showing a 3.7% gain year-over-year, which was driven by higher exports and private investment, official data showed.

Mon, 21 Aug 2017 08:03:23 GMT

Sweden to provide record funding for police

The Swedish government is set to allocate an extra $900M for the police during the next three years, aiming to boost stability in country.

Mon, 21 Aug 2017 06:55:52 GMT

Russian Rosneft closes deal with Indian Essar Oil on buying 49% stake

Rosneft, the Russia's largest oil refinery, stated on Monday that it succeeded to close the deal to buy a stake of 49% in Essar Oil, the Indian private oil producer.

Mon, 21 Aug 2017 06:55:19 GMT

Uber raises fees in Hong Kong

Uber raised fees in Hong Kong by 80%, following a review of the company's business in the city, though higher prices are expected to benefit drivers as they pocket the most part of it.

Mon, 21 Aug 2017 06:06:20 GMT

Russia claims invention of alternative to fracking

Russian local oil companies and scientists claimed that the thermochemical gas fracturing technology was created, which is likely to increase oil production up to 6 times.

Mon, 21 Aug 2017 06:04:43 GMT

China faces mounting debt issue

China's corporate debt soared to 169% of GDP with the total amount of $18T, which was the record-high corporate debt in the world, the Bank for International Settlements stated.

Mon, 21 Aug 2017 05:18:18 GMT

Infosys shares continue to plunge amid CEO resignation

On Monday, shares of the second-biggest India's IT services company Infosys lost another 4.6% after the firm's CEO Vishal Sikka unexpectedly resigned from his post on Friday.

Mon, 21 Aug 2017 05:18:07 GMT

CSRC confirms Unicom reform plan does not violate law

In a statement released on Monday, the China Securities and Reform Commission (CSRC) said that Unicom's $11.7B reform plan does not breach any laws and will be treated as an "exceptional case".

Mon, 21 Aug 2017 04:21:42 GMT

US and South Korea start joint military drills

On Monday, the United States and South Korea started computer-simulated military drills amid rising tensions over possible missile launch by North Korea.

Mon, 21 Aug 2017 04:21:32 GMT

Hyundai Merchant Marine discusses potential investment with BlackRock

According to the Hyundai Merchant Marine spokesman, company is in talks with the US BlackRock about a possible investment, which might amount up to $880M.

Mon, 21 Aug 2017 02:58:35 GMT

Japan's manufacturers more confident amid economic growth

Japanese manufacturers revealed the highest in a decade confidence in the outlook, which was a good sign to expect the further broadening of the economic recovery.

Mon, 21 Aug 2017 02:58:28 GMT

Singapore to double pre-school education spending

Lee Hsien Loong, the Singapore's PM, announced that the government is set to increase annual spending on preschool education activities to $1.24B in the next five years.

Mon, 21 Aug 2017 02:04:25 GMT

Trump to outline US strategy for Afghanistan

US President Donald Trump is expected to outline the US strategy for military operations in Afghanistan on Monday, the White House officials stated.

Mon, 21 Aug 2017 02:03:28 GMT

Norway sees higher expansion as parliamentary election looms

The Norwegian economy is likely to accelerate its growth more rapidly than expected this year, the country's government stated, just three weeks before elections.

Sun, 20 Aug 2017 19:49:53 GMT

NAFTA negotiators wrap up first round of talks

Trade negotiators from the US, Canada and Mexico wrapped up the first round of talks to revise NAFTA trade pact.

Sun, 20 Aug 2017 19:43:02 GMT

Russian court rejects Siemens request

A Russian court rejected a request by Siemens to seize its gas turbines in Crimea and to ban their installation prior to preliminary hearings next month. 

Sun, 20 Aug 2017 18:58:06 GMT

Merkel warns against swift abandonment of diesel cars

Germany's Chancellor Angela Merkel warned against a swift abandonment of diesel cars following a series of emissions scandals, adding the fuel was still needed to meet climate change goals.  

Sun, 20 Aug 2017 18:51:44 GMT

Merkel critices Turkey's misuse of Interpol arrest warrant

The German Chancellor Angela Merkel criticised Turkey's use of an Interpol arrest warrant to detain a German writer in Spain.

Sun, 20 Aug 2017 17:54:57 GMT

Russia, Turkey, Iran cooperate to establish lasting ceasefire in Syria

Russia, Turkey and Iran is cooperation of lasting armistice out of a temporary ceasefire in Syria, the Turkish Prime Minister said.

Sun, 20 Aug 2017 17:52:19 GMT

Sebastian Kurz to become Austria's youngest Chancellor

At only 30 years old, Sebastian Kurz is seeking not only to become Austria's youngest Chancellor, but also to give the country a more powerful stance on the wold stage.

Sun, 20 Aug 2017 16:50:31 GMT

Britain exploring ways to stop malicious use of hired vehicles

The UK is studying ways of stopping malicious use of rented vehicles, the Transport Ministry said following two attacks in Spain that killed 14 people. 

Sun, 20 Aug 2017 16:50:16 GMT

Brexit to generate £135B uplift to Britain's economy

Removing all trade tariffs and obstacles would allow to generate an annual £135B boost to the British economy, according to pro-Brexit economists.  

Sun, 20 Aug 2017 15:55:56 GMT

Goldman Sachs receives approval to trade equities in Saudi Arabia

Goldman Sachs received approval to trade equities in Saudi Arabia, joining the growing number of western investment banks and fund managers expanding in the kingdom. 

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