News

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Sat, 04 Aug 2018 11:34:51 GMT

Israel intercepts ship to Gaza

The Israeli army on Friday intercepted a ship that planned to break the naval blockade of the Gaza Strip.

Sat, 04 Aug 2018 11:34:08 GMT

China Exim Bank B&R loans up 37%

Loans for the Belt and Road Initiative increased 37% this year compared to the same period the previous year, the Export-Import Bank of China says.

Sat, 04 Aug 2018 10:15:55 GMT

US exports of crude to China decline

The US crude exporters were losing their foothold in China due to an escalating trade war, which could hand energy rivals' Russia and Saudi Arabia a larger share of demand by the second-biggest oil consumer.

Sat, 04 Aug 2018 10:11:23 GMT

Opel production slowdown raises questions on carmaker's future

Germany's carmaker Opel was forced to throttle the production pace on assembly lines amid weaker-than-expected sales, raising renewed question concerning the company's future.

Sat, 04 Aug 2018 09:23:39 GMT

Portugal beer production grows 11% in 2017

Beer production in Portugal increased 11% in 2017, compared to the prior year, making the country one of the three European states, where beer production grew by most over the year, Eurostat stated.

Sat, 04 Aug 2018 09:20:42 GMT

China to add more cancer drugs to medical insurance list

More cancer drugs are set to be affordable in China, as the next round of talks between pharmaceutical firms and state medical insurance administration to add such drugs to the insurance list is expected to finish by September.

Sat, 04 Aug 2018 07:07:56 GMT

China says its response is legitimate

The State Councillor of China Wang Yi stated on Saturday that reciprocal trade measures adopted by his country were legitimate and necessary.

Sat, 04 Aug 2018 07:02:32 GMT

Syria expects massive refugee return

The head of Russian National Defense Control Centre Colonel-General Mikhail Mizintsev announced on Friday that nearly 900K refugees could return to Syria in the upcoming months.

Sat, 04 Aug 2018 06:11:32 GMT

Greek Public Order Minister resigns

The Prime Minister of Greece Alexis Tsipras on Friday accepted resignation of his Public Order Minister Nikos Toskas over fires in Attica, which killed 88 people last week.

Sat, 04 Aug 2018 06:04:25 GMT

Democrats call not to use Huawei, ZTE

According to a source familiar with the matter, The Democratic National Committee (DNC) urged its candidates running in autumn elections not to use phones made by Chinese companies, such as Huawei and ZTE.

Sat, 04 Aug 2018 05:05:12 GMT

North Korea continues missile program

According to a confidential UN report, North Korea has not dismantled its missile and nuclear programs, which goes against sanctions of the United Nations.

Sat, 04 Aug 2018 04:59:30 GMT

US to invest $300M in Southeast Asia

The US Secretary of State Mike Pompeo promised on Saturday that his government will provide almost $300M in the form of security funding for the ASEAN member states.

Sat, 04 Aug 2018 04:10:03 GMT

India to impose tariffs on American goods in autumn

The Indian government announced on Saturday that new tariffs on American apples, walnuts and almonds will come into force on September 18.

Sat, 04 Aug 2018 04:05:24 GMT

Pompeo keeps optimism about North Korea

The US Secretary of State Mike Pompeo stated on Saturday that despite all difficulties he is optimistic that North Korea will manage to close its nuclear program on time.

Sat, 04 Aug 2018 03:04:43 GMT

Audi's revenue, sales grow in 2018 first half

Germany's carmaker Audi reported that revenue and sales rose in the H1 of 2018, despite the company's jailed CEO and the ongoing dieselgate.

Sat, 04 Aug 2018 03:00:23 GMT

Putin signs law on visa-free entry for fans og World Cup

The President of Russia Vladimir Putin signed a law allowing people, who are holding the "Fan ID" left from the 2018 FIFA World Cup to visit the country visa-free until the 2018 end.

Sat, 04 Aug 2018 02:36:55 GMT

Canada Minister: government to communicate better on refugees

Canada must do better work of communicating that refugees were not a threat to the country, the country's parliamentarian dealing with the asylum seekers influx said.

Sat, 04 Aug 2018 02:33:22 GMT

Google in talks for cloud services in China

Alphabet's Google was in negotiations withInspur Group, Tencent Holdings and other Chinese firms to offer cloud services in the country, Bloomberg reported, citing sources familiar with the matter.

Fri, 03 Aug 2018 20:15:29 GMT

Societe Generale close to Bulgarian unit's sale OTP

France's bank Societe Generale was in final negotiations to sell its Bulgaria's unit to Hungarian OTP Bank and is set to announce the deal in August, sources familiar with the matter stated.

Fri, 03 Aug 2018 20:09:09 GMT

Fund consortium to acquire JLIF for $1.8B

One of the UK largest listed investors John Laing Infrastructure Fund stated that it is set to be acquired by a funds' consortium for nearly $1.8B.

Fri, 03 Aug 2018 19:04:18 GMT

Open Fiber gets €3.5B project funds for Italy's fibre optic network

Open Fiber stated that the European Investment Bank, state lender CDP and banks signed a €3.5B project finance package to support financing the ultra-fast broadband network to be rolled out across the country.

Fri, 03 Aug 2018 18:58:12 GMT

US job growth weakens, unemployment rate falls in July

The US job growth weakened more than anticipated in July due to a fall of employment in the utilities and transportation sectors, though a slump in the jobless rate suggested that conditions of the labour market kept tightening.

Fri, 03 Aug 2018 18:20:12 GMT

Italy's ministers to meet over budget

Senior ministers in the Italian government were anticipated to meet to discuss 2019 budget, two sources indicated, as investors concerned over the government's spending plans sold Italy's bonds.

Fri, 03 Aug 2018 18:16:41 GMT

ISM Non-Manufacturing Index at 55.7 in July

The Institute of Supply Management stated that the US non-manufacturing Purchasing Managers' Index fell to 55.7 last month from 59.1 in June, while economists forecast a figure of 58.6

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