News

Note: This section contains information in English only.
Wed, 21 Nov 2018 20:36:59 GMT

Putin to meet Saudi Crown Prince

The Russian President Vladimir Putin will meet the Saudi Crown Prince Mohammed bin Salman Al Saud at the G20 summit in Argentina, the Kremlin says.

Wed, 21 Nov 2018 20:36:17 GMT

Kenya secures $268M USD for Thwake dam

The African Development Bank approved two loans worth $268M for the construction works of the Thwake dam on the Thwake River in the southern region of Kenya.

Wed, 21 Nov 2018 18:45:01 GMT

OECD: global economy at risk

The Organization for Economic Cooperation and Development projects lower global economic growth in 2019 due to political uncertainty in many countries and increased risks of trade conflicts.

Wed, 21 Nov 2018 18:43:30 GMT

US mortgage applications decline

US mortgage applications declined 0.1% last week compared to a week earlier, a survey released by the Mortgage Bankers Association shows.

Wed, 21 Nov 2018 18:24:49 GMT

IKEA to cut 7,500 jobs

The Swedish home furnishings giant IKEA wants to cut 7,500 administrative jobs over the next few years, the Swedish Television SVT reports.

Wed, 21 Nov 2018 18:24:06 GMT

S. Africa inflation increases to 5.1% in October

South Africa's inflation increased to 5.1% in October from 4.9% the previous month, the Statistics South Africa reports.

Wed, 21 Nov 2018 16:03:11 GMT

EZ Finance Ministers support EU move against Italy

Finance Ministers of the Euro zone supported European Commission moves towards increasing discipline in Italy over the country's draft budget for 2019, the President of their group, Mario Centeno, stated on Wednesday.

Wed, 21 Nov 2018 15:58:35 GMT

US existing home sales increase in October

The US home sales grew slightly in the month of October, though ongoing weakness in the property market led a national realtors association to ask the Fed to suspend interest rates hikes.

Wed, 21 Nov 2018 13:20:07 GMT

WTO to start hearings on Trump tariffs

On Wednesday, both defenders and opponents of tariffs on steel and aluminum imposed by the US President Donald Trump gathered in the World Trade Organization (WTO) to start litigation on legitimacy of these actions.

Wed, 21 Nov 2018 13:16:06 GMT

France wants evidence of Ghosn misconduct

French authorities stated on Wednesday that Nissan must provide some evidence of Renault CEO Carlos Ghosn's alleged financial misconduct.

Wed, 21 Nov 2018 12:31:03 GMT

Bombardier to fire people in Belfast

According to sources familiar with the matter, Canadian aircraft manufacturer Bombardier has decided to fire nearly 500 workers in Belfast as a part of a general plan to decrease workforce.

Wed, 21 Nov 2018 12:26:51 GMT

Foxconn to cut expenses by $2.9B

According to report published by Bloomberg, Taiwan's Foxconn intends to lower expenses next year by $2.88B amid an uneasy and highly competitive year.

Wed, 21 Nov 2018 11:21:17 GMT

Wells Fargo wants to avoid compensating their clients

It was revealed on Wednesday that Wells Fargo is fighting to cut off some customers of the plan to compensate nearly 600,000 car insurance purchasers, which were falsely pushed into buying the insurance.

Wed, 21 Nov 2018 11:20:41 GMT

Nissan reveals issues with Renault

On Wednesday, it was announced that the Nissan-Renault alliance is under threat due to the arrest of the common chairman of the companies Carlos Ghosn.

Wed, 21 Nov 2018 10:22:54 GMT

Merkel expresses support to Brexit deal

The German Chancellor Angela Merkel said on Wednesday that her government would back agreement negotiated with Theresa May and expressed hope that clash with Spain over Gibraltar could be resolved by Sunday.

Wed, 21 Nov 2018 10:18:21 GMT

Freenet confirms appetite for Ceconomy

The CEO of German Freenet Christoph Vilanek stated on Wednesday that the company maintained intention to make investment into biggest consumer electronics retailer in Europe Ceconomy.

Wed, 21 Nov 2018 09:04:23 GMT

British Columbia seeks eliminating non-EV sales by 2040

The Premier for British Columbia stated on Tuesday the government was set to introduce a legislation starting next year that would require all new vehicles sold by 2040 to be zero-emission or electric cars.

Wed, 21 Nov 2018 08:51:40 GMT

Instacart picks Instagram manager to bolster growth

On Tuesday, Instacart announced it had hired the Instagram manager, Bangaly Kaba, as the grocery delivery company aims to boost growth.

Wed, 21 Nov 2018 05:50:26 GMT

Kuwait Projects picks Goldman Sachs as adviser on sale

The largest investment firm in the Gulf state, Kuwait Projects, has selected Goldman Sachs as the adviser on its controlling stake sale in the pay-TV operator OSN.

Wed, 21 Nov 2018 05:50:12 GMT

Australia's Coles trading debut valued at $12.5B

On Wednesday, Australia's Coles Group has started trading at A$12.49, bringing the company the market value of A$17.27B and beating analysts' expectations.

Wed, 21 Nov 2018 05:34:05 GMT

Humana, Walgreens consider taking each other's stakes

The health insurer Humana and Walgreens Boots Alliance have entered preliminary talks to acquire each other's equity stakes, according to the Wall Street Journal.

Wed, 21 Nov 2018 05:32:42 GMT

Blackstone, Amazon to bid for Disney's 22 sports networks

The private equity group Blackstone and the US retailer Amazon.com are among bidders for the Walt Disney's 22 sports networks, including Yes Network that focuses on New York.

Wed, 21 Nov 2018 04:26:47 GMT

US banking sector reveals $62B profit in Q3

The US banking sector reported $62B in profits in the Q3, up 29.3% from the same period in 2017, according to the quarterly statament released by the FDIC.

Wed, 21 Nov 2018 04:23:55 GMT

CFPB fines Santander $11.8M over misleading insurance, loans

Santander Consumer USA is likely to pay $11.8M to settle claims that the company misled customers about the terms and cost of auto insurance and loans, the US consumer watchdog stated.

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