News

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Tue, 04 Sep 2018 18:32:54 GMT

Rwanda plans to double tourism income by 2024

Rwanda plans to double tourism revenues in the next six years through sustainable wildlife conservation, a top official in the Rwanda Development Board says.

Tue, 04 Sep 2018 18:32:02 GMT

South Africa enters into recession

The South African economy slipped into a technical recession after the GDP contracted by 0.7% in the second quarter of the year, the Statistics South Africa reports.

Tue, 04 Sep 2018 17:24:04 GMT

Armenian PM meets OSCE Secretary General

The Armenian Prime Minister Nikol Pashinyan meets with the Secretary General of the Organization for Security and Co-operation in Europe, Thomas Greminger, to discuss ties and further cooperation.

Tue, 04 Sep 2018 17:23:28 GMT

Xi meets Rwandan president

The Chinese President Xi Jinping meets with the Rwandan President Paul Kagame, who attends the 2018 Beijing Summit of the Forum on China-Africa Cooperation.

Tue, 04 Sep 2018 15:55:55 GMT

VW floods Germany's market before new emissions rules

Volkswagen increased the number of passenger vehicles for road use 46.2% in Germany last month, causing a 24.7% rise in Germany's passenger car registrations in August.

Tue, 04 Sep 2018 15:51:22 GMT

Carney ready to stay longer at BoE

Mark Carney, the Governor of the Bank of England, stated that he was ready to prolong his term in charge of the Bank to help the UK economy, as the country leaves the EU.

Tue, 04 Sep 2018 15:27:54 GMT

US factory activity strongest in 14 years last month

The US manufacturing accelerated expansion pace to the strongest level in 14 years in August, boosted by new orders' surge, though higher raw material costs could restrain further growth.

Tue, 04 Sep 2018 15:18:55 GMT

Trump, Moon to discuss North Korea at UN

The President of South Korea Moon Jae-in and the US President Donald Trump are set to discuss North Korea on the UN General Assembly's sidelines in New York in September, Moon's office stated.

Tue, 04 Sep 2018 12:50:46 GMT

Head of Chinese parliament will visit North Korea

The head of the Chinese parliament is set to visit North Korea this weekend, as a special representative of the President.

Tue, 04 Sep 2018 12:50:27 GMT

China's Didi will stop some mainland services

The Chinese ride-hailing company Didi Chuxing announced on Tuesday that the company will stop some late night services in the mainland part of China.

Tue, 04 Sep 2018 11:45:45 GMT

ECB policymaker calls for tighter regulation

Vitas Vasiliauskas, who is one of the ECB policymakers, on Tuesday called for the creation of a EU-wide big bank supervision system.

Tue, 04 Sep 2018 11:45:33 GMT

Chinese firms lure talented chip makers

By offering large salaries Chinese firms have managed to lure to their country large numbers of Taiwanese electronic chip engineers.

Tue, 04 Sep 2018 10:59:14 GMT

Finnair appoints former Nordea banker as new CEO

On Tuesday, Finnish state-controlled airlines Finnair claimed that it has appointed the former head of personal banking at Nordea as the company's new Chief Executive.

Tue, 04 Sep 2018 10:54:05 GMT

Senior UK Brexit official: there are plans for no-deal Brexit

On Tuesday, Philip Rycroft, the Permanent Secretary at the Department for Exiting the European Union, claimed that there are plans in place for the UK to leave the EU without Brexit deal.

Tue, 04 Sep 2018 10:13:41 GMT

India and US to discuss drone sales and satellite data exchange

India and the US are planning to finalise defence agreements which would let the US to exchange satellite information and sell defence equipment to India, including armed drones.

Tue, 04 Sep 2018 10:07:08 GMT

China considers merger of China Telecom and China Unicom

Bloomberg reported that Chinese government is considering a merger of two largest China's wireless carriers, China Telecom and China Unicom, to speed up the development of 5G network services.

Tue, 04 Sep 2018 09:31:38 GMT

Deutsche Bank to leave Eurostoxx 50

According to people familiar with the matter, Deutsche Bank will be ousted from the Eurostoxx 50 index amid problems with delivery of stable long-term profits.

Tue, 04 Sep 2018 09:27:28 GMT

France's Flessel resigns

The Minister of Sports of France Laura Flessel on Tuesday decided to resign from Emmanuel Macron's government in light of the upcoming cabinet reshuffle.

Tue, 04 Sep 2018 04:50:51 GMT

Reserve Bank of Australia keeps interest rate unchanged

As it was expected by the markets, the Reserve Bank of Australia on Tuesday kept the bank's Cash Rate unchanged at 1.50%.

Tue, 04 Sep 2018 04:50:42 GMT

Oil prices surge due to rig evacuations

On Tuesday, crude oil prices fluctuated above the $70 mark, as Gulf of Mexico oil platforms were being evacuated in expectations of a hurricane.

Tue, 04 Sep 2018 04:11:39 GMT

Japan seeks record budget financing

The Finance Minister of Japan Taro Aso on Tuesday announced that the Japanese fiscal budget requests for the year of 2019 will reach a record high of $918B.

Tue, 04 Sep 2018 04:10:27 GMT

Asian markets decline on Tuesday

On Tuesday, during the Asian session stock indices declined, as the US Dollar appreciated in value. Financial media once more blamed US and China's trade disputes.

Tue, 04 Sep 2018 03:32:59 GMT

Australian trade, government spending add to economic expansion in Q2

Australia's government spending made another contribution to the economic expansion the Q2, as exports of liquefied gas and farm goods did, indicating that the economy spent 27th year with no recession.

Tue, 04 Sep 2018 03:25:05 GMT

South Korean GDP growth at 0.6% in Q2

South Korea's GDP growth in the second quarter was revised down by 0.1% to show 0.6% expansion in the June quarter, the country's Central Bank's data revealed.

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