News

Note: This section contains information in English only.
Wed, 18 Jul 2018 17:14:32 GMT

Heathrow Airport resumes operations after fire alert

On Wednesday, London's Heathrow Airport spokeswoman said that full operations have resumed following a brief evacuation of the control tower due to a fire alarm that was activated.

Wed, 18 Jul 2018 16:09:41 GMT

EZ inflation at 2.0% in June

Eurostat reported that annual inflation in the Euro zone increased to 2.0% in the month of June, confirming its flash estimate, while core inflation growth came in at 1.2% in the same period.

Wed, 18 Jul 2018 16:04:52 GMT

US housing starts at nine-month low in June

The Commerce Department stated that the US housing starts fell to the lowest level in nine months in June, while permits decreased for a third month in succession, lagging the country's economic growth.

Wed, 18 Jul 2018 15:30:04 GMT

EU investment plan exceeded target €315B

A plan to help finance projects across Europe and revive economic expansion exceeded its original funding target of €315B, countering a decline in spending since the financial crisis, the European Commission stated.

Wed, 18 Jul 2018 15:20:17 GMT

Britain's inflation grows 2.4% in June

Inflation in the United Kingdom grew at a weaker than expected pace of 2.4% in June, missing expectations for a rise of 2.6%, the Office for National Statistics stated.

Wed, 18 Jul 2018 13:51:47 GMT

Japan, Russia to meet on July 31 in Moscow

Russian and Japanese Defence and Foreign Ministers are set to hold a two-plus-two negotiations scheduled for July 31 in Moscow, according to the RIA news outlet's report on Wednesday.

Wed, 18 Jul 2018 13:51:22 GMT

Google plans to appeal EU penalty

Alphabet's Google stated on Wednesday it would appeal against the $5.04B fine imposed by the European antitrust regulators for illegal restrictions on the Android smartphone producers and network operators.

Wed, 18 Jul 2018 13:37:45 GMT

Hungary set to quit UN migration accord before final approval

On Wednesday, Hungary stated it was set to quit the UN migration accord before the final approval, calling the pact a "great threat to the world".

Wed, 18 Jul 2018 12:27:43 GMT

California's Stellar receives Islamic finance certification

California's cryptocurrency company Stellar received a finance certification from the Islamic scholars for the related cryptocurrency and blockchain platform, as it seeks to integrate the tech into the sharia-compliant finance products field.

Wed, 18 Jul 2018 12:23:22 GMT

MLB, Amazon add new machine-learned stats to their cloud deal

Amazon.com is set to provide new real-time graphics and statistics on the live baseball games this season, expanding their cloud computing accord with the US Major League Baseball.

Wed, 18 Jul 2018 11:37:50 GMT

Grab to establish AI lab in tie-up with Singapore university

Grab has tied up with the Singapore National University to make a $4.4M worth investment to set up an artificial intelligence laboratory to improve efficiency and vehicle utilisation on the platform.

Wed, 18 Jul 2018 09:56:11 GMT

Google unveils game on Tencent social media app WeChat

On Wednesday, Alphabet's Google triggered an artificial intelligence game on Tencent's social media platform WeChat, as it seeks entering the Chinese consumer market.

Wed, 18 Jul 2018 09:48:28 GMT

India's BookMyShow attracts $100M funding

India's online ticketing portal BookMyShow announced on Wednesday it had raised $100M in the latest funding round from an investor group.

Wed, 18 Jul 2018 09:39:16 GMT

Google to face $5.0B fine from EU over Android

The European Union is expected to fine Alphabet's Google $5.0B over the Android system, according to the Bloomberg's report on Wednesday.

Wed, 18 Jul 2018 09:37:17 GMT

Uber investing $500M in Mexico for five years

On Tuesday, Uber Technologies stated it had invested over $500M in Mexico since 2013, when it launched the ride-hailing service there.

Wed, 18 Jul 2018 07:57:59 GMT

Munro: Tesla's Model 3 appears to be most profitable e-vehicle

Munro & Associates head Sandy Munro on Tuesday has called Tesla's Model 3 the most profitable electric vehicle, which generates the net profit margins of over 30%.

Wed, 18 Jul 2018 07:57:02 GMT

Chinese firm Didi gets $500M funding from Booking Holdings

Didi Chuxing, China's ide-hailing service, has received a $500M investment from the US travel company Booking Holdings, amid firm's aggressive intention to expand globally.

Wed, 18 Jul 2018 06:51:06 GMT

MERMEC, Fincantieri present joint offer for tech group Vitrociset

Engineering group MERMEC and Italy's shipbuilding company Fincantieri said they had made a joint proposal for the technology firm Vitrociset, adding a deal could be signed in the near future.

Wed, 18 Jul 2018 06:50:20 GMT

Dyal in discussion to acquire in Golub Capital

Neuberger Berman Holdings subsidiary Dyal Capital Partners is in the advanced talks to acquire a minority stake in the credit investment group Golub Capital, sources familiar with the issue stated.

Wed, 18 Jul 2018 04:50:53 GMT

Poll: economists revise Australia's GDP forecast

A recent Reuters poll showed that the Australian economy is expected to grow by 2.9% in 2018 in response to solid fundamentals, compared to a 2.7% rise forecasted in April.

Wed, 18 Jul 2018 04:49:55 GMT

Malaysia's inflation slower than expected in June

The Malaysian Consumer Price Index rose 0.8% year-on-year in June, compared to the estimate of 1.4%, driven lower primarily by a removed goods-and-services tax.

Wed, 18 Jul 2018 04:15:03 GMT

Oil trades lower amid higher US inventories

The price of oil futures weakened on Wednesday following a report that US crude inventories increased last week instead of falling considerably, as previously expected.

Wed, 18 Jul 2018 04:07:15 GMT

Asian shares gain on solid US economic outlook

Asian shares opened higher early on Wednesday in response to the US Dollar strengthening after the bullish assessment of the US economy by the Fed Chair Jerome Powell.

Wed, 18 Jul 2018 03:15:18 GMT

America Movil's net profit plummets in Q2 amid currency losses

Mexico's America Movil, the biggest telecommunications company in Latin America by number of subscribers, revealed that its net profit fell 94% in the second quarter, affected by currency-related swings.

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