News

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Sun, 30 Sep 2018 19:00:22 GMT

Patel says PM's Brexit plans cannot be accepted

On Sunday, Eurosceptic UK lawmaker Priti Patel said that the United Kingdom should not accept Prime Minister Theresa May's Brexit plan if she is ready to leave the EU without a deal.

Sun, 30 Sep 2018 18:08:29 GMT

Germany's financial regulator is worried about aggressive lending

On Sunday, Handelsblatt reported that the German financial regulator is concerned about aggressive lending standards by Germany's banks.

Sun, 30 Sep 2018 18:06:35 GMT

ThyssenKrupp approve plans to split German conglomerate

On Sunday, Germany's ThyssenKrupp acted to end its leadership vacuum, as its supervisory body filled top two management posts and paved way to split the German conglomerate.

Sun, 30 Sep 2018 17:15:24 GMT

Brith FM Hunt warns Russia

The UK Foreign Minister Jeremy Hunt stated on Sunday that Russia would bear serious consequences if it denied observing international rules.

Sun, 30 Sep 2018 17:12:30 GMT

ECB's Coeure projects rates stability next year

According to the Taggespiegel newspaper, the European Central Bank's board member Benoit Coeure said that interest rates most probably would remain unchanged next year, at least through the summer.

Sun, 30 Sep 2018 16:19:41 GMT

China to lower import tariffs

The Finance Ministry of China announced on Sunday its plans to decrease import tariffs on metals and textile from 11.5% to 8.4% starting from November.

Sun, 30 Sep 2018 16:16:48 GMT

UK Fox criticizes EU leaders

The British Trade Minister Liam Fox stated on Sunday that Theresa May's mocking by leaders of the European Union leaders at summit in Salzburg was "beyond the pale".

Sun, 30 Sep 2018 15:21:19 GMT

Thyssenkrupp board appoints Kerkhoff as CEO

On Sunday, the board of Thyssenkrupp confirmed plans to divide the company into two parts and appointed Guido Kerkhoff as CEO for the upcoming five years.

Sun, 30 Sep 2018 15:15:07 GMT

UK declares ban on combustible cladding

In response to the deadly fire in the Grenfell Tower, the British government decided on Sunday to prohibit the use of flammable materials on the outside of skyscrapers.

Sun, 30 Sep 2018 14:12:51 GMT

Saudi Arabi fails to join FATF

On Sunday, Saudi Arabia failed to acquire a full membership in the Financial Action Task Force (FATF), which is an international body created to combat money laundering and other illegal transfer of funds.

Sun, 30 Sep 2018 14:09:28 GMT

Tria says investments will drive Italy's economy

The Economy Minister of Italy Giovanni Tria stated on Sunday that investments are expected to drive the country's economy for the following two years and added that despite the budget deficit increase debt will put on backtrack.

Sun, 30 Sep 2018 13:14:50 GMT

UK Clark says deal on Brexit is almost reached

The UK Secretary of State for Business Greg Clark stated on Sunday that deal on Brexit between Britain and the European Union has been practically reached.

Sun, 30 Sep 2018 13:10:53 GMT

US accuses China of propaganda

The US Ambassador to China Terry Branstad accused Chinese media of propaganda for an article published in Iowa's local newspaper describing the benefits of bilateral trade.

Sun, 30 Sep 2018 12:39:29 GMT

Saudi Arabia plans to increase state spendings by 7%

On Sunday, Saudi Arabia claimed that it is planning to increase its state spendings by 7% in 2019 in comparison with a previous year to boost the economic growth.

Sun, 30 Sep 2018 12:37:37 GMT

UK's Clark: Canada-style Brexit would be difficult for business

On Sunday, the Business Minister of the UK Greg Clark claimed that a Canada-style deal with the European Union after the departure of the UK from the EU will make things more problematic for British business.

Sun, 30 Sep 2018 11:37:48 GMT

China widens tax exemption for foreign firms

On Sunday, the Finance Ministry of China claimed that China has widened the exemption from income tax for foreign companies to boost foreign investments despite the trade tensions with the US.

Sun, 30 Sep 2018 11:34:38 GMT

Chinese regulator approves Linde-Praxair deal

On Sunday, Linde AG claimed that it has received the approval of the $83B merger with the US-based Praxair from the antitrust authorities of China and keeps waiting for approval from regulators in the EU, South Korea and the US.

Sun, 30 Sep 2018 10:36:05 GMT

Tencent Holdings announces restructurisation

On Sunday, Chinese internet giant Tencent Holdings announced the first company's restructuring for the last six years due to the challenges which the company faces because of the stricter government regulations. 

Sun, 30 Sep 2018 10:31:32 GMT

British PM May calls on Conservatives to unite over Brexit

On Sunday, the Prime Minister of the UK and the leader of Conservative Party Theresa May called for the Conservative party to unite over the plans of the UK to leave the European Union in 2019.

Sun, 30 Sep 2018 09:36:49 GMT

Saudi Crown Prince to discuss oil outputs from the Neutral Zone

The Crown Prince of Saudi Arabia Mohammad bin Salman is planning to discuss the resumption of oil outputs from a Neutral Zone which is currently shared with Kuwait during his trip to the Gulf state on Sunday.

Sun, 30 Sep 2018 09:28:36 GMT

Australian Morrison calls on regulator to prosecute unfair bankers

On Sunday, the Prime Minister of Australia Scott Morrison claimed that the country's financial regulator needs to prosecute country's bankers who pursue profits using illegal methods. 

Sun, 30 Sep 2018 08:39:17 GMT

British Conservative party investigates data breach

On Sunday, the chairman of the British Conservative party Brandon Lewis claimed that the party investigates a data hack which would allow members of the public to login into the smartphone app as the senior government ministers and to view their personal details.

Sun, 30 Sep 2018 07:24:13 GMT

North Korea condemns American sanctions

The Foregin Minister of North Korea Ri Yong Ho stated on Saturday that his country's disarmament should happen only in parallel with abolishement of international sanctions lobbied by the US.

Sun, 30 Sep 2018 07:19:54 GMT

Tencent announces restructuring

On Sunday, one of the largest Internet companies in the world Tencent Holdings announced restructurization amid increased challenges caused by harder state regulations.

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