News

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Fri, 21 Apr 2017 06:14:45 GMT

Shares of Asian steelmakers rise despite Trump salvo on trade

Stocks of Asian steelmakers jumped on Friday despite the US President Donald Trump's probe against Asian cheap steel exporters into the US market.

Fri, 21 Apr 2017 05:08:19 GMT

Elon Musk's Neuralink works on linking human brain to computer

Elon Musk, the CEO and founder of Tesla, reported that his company Neuralink was working on connecting the human brain with artificial intelligence with the help of micron-sized devices.

Fri, 21 Apr 2017 04:57:17 GMT

Taiwan says trade surplus with US is smaller than reported

The Taiwan Economics Minister said that the trade surplus with the US was smaller than reported by Washington, expressing hopes that the country will be excluded from the currency manipulator list.

Fri, 21 Apr 2017 04:16:00 GMT

US to continue fighting terrorism

On Friday, the US Vice President said that the latest attack in Paris served as a reminder that terrorism can strike anywhere and anytime, adding the US would continue fighting terrorism.

Fri, 21 Apr 2017 04:07:22 GMT

One dead, two injured in Paris attack

A police officer was killed and two more injured on the Champs Elysees in Paris on Thursday night in an attack claimed by the Islamic State.

Fri, 21 Apr 2017 03:28:20 GMT

Trump targets cheap steel exports in probe

Donald Trump signed a memorandum to launch a trade probe targeting China and other cheap steel exporters into the US, that raised the possibility of new trade tariffs.

Fri, 21 Apr 2017 03:19:37 GMT

BOJ governor warns against regulations undoing free trade

Haruhiko Kuroda, the Bank of Japan Governor, warned policymakers against unwinding the globalization and free trade, that supported prosperity in many countries' economies.

Fri, 21 Apr 2017 02:20:21 GMT

Japan manufacturing activity expands in April

Preliminary survey revealed on Friday that manufacturing activity in Japan increased at a faster pace this month as export orders jumped, in a sign of strong global demand.

Fri, 21 Apr 2017 02:08:15 GMT

US president to sign executive order on reducing tax burdens

White House official said that Donald Trump is expected to sign a memorandum requesting reviews of financial corporate rules and an executive order on reducing tax burdens on Friday.

Thu, 20 Apr 2017 20:03:33 GMT

Bavarian Lilium successfully tests flying taxi in Germany

A Munich-based start-up Lilium developed a five seat flying taxi prototype and have successfully performed a test flight over Germany.

Thu, 20 Apr 2017 20:02:38 GMT

Venezuela says inflation hits 274%, economists doubt it

According to Venezuela's Central Bank, the annual inflation reached 274% last year, while economists believed that the true figure was much more alarming.

Thu, 20 Apr 2017 19:02:38 GMT

Verizon reports loss of subscribers

Verizon reported the first-ever quarterly loss of the subscribers, questioning whether the major US wireless carrier may need a large acquisition to diversify the business.

Thu, 20 Apr 2017 19:01:42 GMT

AeroMobil presents $1M worth flying car in Monaco

A Slovakian company AeroMobil Flying Car presented a $1M worth commercial design of the flying auto in Monaco. First flying car deliveries are expected by 2020.

Thu, 20 Apr 2017 18:15:39 GMT

Trump administration to unveil tax reform legislation this year

According to the US Treasury Secretary Mnuchin, the Trump administration would unveil a tax reform plan in the nearest future, most probably till the end of this year.

Thu, 20 Apr 2017 18:05:14 GMT

Erdogan to meet Trump on May 16-17

Turkey's President Erdogan would meet the US President Trump on May 16-17 in Washington to strengthen ties, the first meeting since Donald Trump took an office.

Thu, 20 Apr 2017 16:54:06 GMT

ESM to become European monetary fund

The German Finance Minister said on Thursday that the European Stability Mechanism could transform in a European monetary fund soon.

Thu, 20 Apr 2017 16:53:20 GMT

Trudeau responds to Trump's attack on Canada's dairy farmers

On Thursday, the Canadian PM Justin Trudeau criticized the US President Donald Trump for his attack on Canada's protected dairy sector, stating that every country defended its agricultural industry.

Thu, 20 Apr 2017 16:19:46 GMT

European stocks rebound on Thursday ahead of French election

Major European stock markets rebounded on Thursday after opinion polls showed Emmanuel Macron winning the first round of the French presidential election.

Thu, 20 Apr 2017 16:17:17 GMT

Russia says metro bomber was funded by Turkish terrorist organisation

Russia reported on Thursday that the man suspected of carrying out the metro bomb attack received money from a terrorist organisation in Turkey.

Thu, 20 Apr 2017 15:27:11 GMT

IMF to cooperate with Trump if US agrees on open trade

The IMF Managing Director Christine Lagarde said that the IMF would work with Trump's administration but only if the US promotes open trade.

Thu, 20 Apr 2017 15:10:41 GMT

Harley-Davidson to eliminate 118 jobs at York plant

Harley-Davidson reported on Thursday that it would cut 118 positions at the York plant and move its operations to Kansas City.

Thu, 20 Apr 2017 14:33:25 GMT

UK to face 22% EU food tariff if May fails reacihing trade deal

Britain risks facing an approximate tariff of 22% on the EU food import if the PM Theresa May fails to reach a compromise deal on trade with Brussels before Brexit process is over.

Thu, 20 Apr 2017 13:32:29 GMT

Initial jobless claims rise 10K last week

The number of applications for US unemployment benefits rose 10K to 244K in the week ending April 15, the US Department of Labour reported.

Thu, 20 Apr 2017 13:30:19 GMT

Philly Fed Manufacturing Index falls for second straight month

The Philadelphia Federal Reserve reported on Thursday its Manufacturing Index dropped to 22.0 points in April, following March's 32.8 and falling behind analysts' expectations for a decrease to 25.6.

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