News

Note: This section contains information in English only.
Sun, 04 Nov 2018 03:42:59 GMT

Theresa May comments on UK customs deal

On Sunday, the Prime Minister of the United Kingdom announced that talks about an all UK customs deal are just speculation.

Sun, 04 Nov 2018 03:31:14 GMT

Buffet has bought additional stock

As in the past weeks stock markets have tumbled, Warren Buffet's Berkshire Hathaway has bought stocks worth $900 million.

Sun, 04 Nov 2018 03:30:42 GMT

Apple's iPhone sales decline in India

On Sunday, it was announced that iPhone sales in the last quarter have declined in India for the first time in four years.

Sat, 03 Nov 2018 21:33:05 GMT

Malta takes steps to reach renewable energy goal by 2020

Malta is set to reach pledged EU 2020 renewable energy goals, the country's Energy Minister told the Maltese Parliament, as it was interested in investing in a gas pipeline from Italy and cleaner energy amongst related measures taken.

Sat, 03 Nov 2018 21:26:29 GMT

US allows eight importers to continue to buy Iran oil

The United States stated that it will allow temporarily eight importers to continue to buy Iran's oil, when it re-imposed sanctions on Monday in a bid to force Iran to curb missile, nuclear and regional activities.

Sat, 03 Nov 2018 20:33:54 GMT

Encana to buy Newfield Exploration for $5.5B

Canada's oil and gas producer Encana signed an agreement to acquire all of the outstanding shares of Newfield Exploration in a $5.5B deal, which would provide the former with substantial positions in North Americas biggest oilfields.

Sat, 03 Nov 2018 20:23:22 GMT

Chinese steel firms' profits jump 86% in three quarters

The steel industry of China saw 86% yearly increase in profits to nearly $33B over the nine-month period, along with progress in deleveraging and environmental protection, data from the CISA revealed.

Sat, 03 Nov 2018 19:30:14 GMT

World Bank anticipates slower economic expansion in Belarus

The World Bank announced expectations for a slowdown in the growth of Belarus' economy to 2.5% in 2019-2020, the economist of the World Bank Marina Sidorenko stated.

Sat, 03 Nov 2018 19:28:51 GMT

Chinese internet service sector keeps growing steady

China's internet and related sectors revealed strong expansion in the first nine months of 2018, with business revenue keeping to show double-digit increase, according to the MIIT's report.

Sat, 03 Nov 2018 17:52:34 GMT

Tesla to achieve 3K weekly Model 3 production in China

The US top electric vehicle maker Tesla announced plans to produce 3K of Model 3 vehicles per week in China in the future, as it iset to invest up to $6B on equipment and factories over the next years.

Sat, 03 Nov 2018 17:51:54 GMT

PBoC: country's financial system stable

The Chinese financial system revealed resilience and stability due to growing external uncertainties, as the country moved towards the resolve of systemic risks, the country's Central Bank stated.

Sat, 03 Nov 2018 16:54:47 GMT

Spain visited by 66.2M tourists in 2018 first nine months

A total of 66.2M foreign tourists visited Spain in the nine-month period of 2018, unchanged from 2017, while tourist spending rose 2.5% in the same period, the country's government confirmed.

Sat, 03 Nov 2018 16:53:55 GMT

Italy to invest $188M in Tunisia's development projects

Visiting Italy's Prime Minister Giuseppe Conte stated that Italy is set to invest €165M or $188M in the development project in Tunisia for the three-year period to 2020.

Sat, 03 Nov 2018 15:53:30 GMT

German GDP to fall 0.3% in Q3

The German Kiel Institute for the World Economy's think tank predicted that the country's economic output would decline approximately 0.3% in the third quarter of 2018.

Sat, 03 Nov 2018 15:51:16 GMT

Switzerland to diminish drug prices nearly 20%

Switzerland is likely to diminish prices of 288 medicines about 20% starting from Decemeber, saving patients 100M Swiss francs, the FOPH stated.

Sat, 03 Nov 2018 14:52:26 GMT

Opel to appeal Germany's KBA diesel recall

Opel is set to appeal a recall ordered by Germany's Federal Motor Transport Authority for particular types of diesel cars allegedly fitted with illegitimate defeat devices, the carmaker confirmed.

Sat, 03 Nov 2018 14:48:03 GMT

Ukrainian GDP estimated to reveal 3.1% growth in Q3

Ukraine's gross domestic product is expected to grow 3.1% year-over-year in the third quarter, largely due to solid domestic consumption, the country's Central Bank stated.

Sat, 03 Nov 2018 14:31:38 GMT

Lloyds, Barclays surprise in bank stress test

Britain's Barclays, Lloyds were the unexpected laggards in the EU bank health check, though none of the 48 lenders failed the main capital threshold.

Sat, 03 Nov 2018 14:27:49 GMT

iPhone sales in India to decline for first time since 2014

Apple's iPhone sales areexpected to dip by around a 25% in India's holiday season Q4, putting sales on course for the first fall in four years, research company Counterpoint stated.

Sat, 03 Nov 2018 12:47:19 GMT

Berkshire Hathaway doubles profits

On Saturday, Berkshire Hathaway announced that the company has nearly doubled its operating profit in the third quarter of 2018.

Sat, 03 Nov 2018 12:47:10 GMT

Irish Prime Minister comments on Brexit

The Prime Minister of Ireland announced on Saturday that Brexit has undermined the Good Friday Agreement.

Sat, 03 Nov 2018 11:42:28 GMT

Iran starts local jet fighter production

On Saturday, Iranian officials announced that the country has begun to produce locally designed Kowsar jet planes.

Sat, 03 Nov 2018 11:41:53 GMT

Tesla receives another subpoena

The US Securities and Exchange Commission has sent Tesla a subpoena about the Model 3 2017 production forecasts.

Sat, 03 Nov 2018 11:27:15 GMT

Google's top lobbyist steps down

The head of Google's lobbyism unit in Washington Susan Molinari is stepping down, as she has failed to stop the criticism of the government of Google malpractices.

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