News

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Wed, 28 Mar 2018 19:54:02 GMT

BlackBerry reports stronger-than-anticipated profit

BlackBerry stated that the company's profit in the Q4 was stronger than analysts anticipated and announced expectations for stronger billings at services business and high-margin software.

Wed, 28 Mar 2018 19:11:43 GMT

US upbeat on quick NAFTA agreement, Canada more pessimistic

Robert Lightizer, the US Trade Representative, expressed optimism that negotiations to modify NAFTA would be wrapped up faster than expected, while Canada's top official was more pessimistic.

Wed, 28 Mar 2018 19:11:09 GMT

Amazon shares slide on Trump's aim to rein its power

Shares of Amazon.com fell 7.4%, wiping nearly $53.6B from the company's market value, after Axios stated that the US President is obsessed with the world's biggest retailer and aims to curb its growing power.

Wed, 28 Mar 2018 18:10:41 GMT

Russia to respond in kind to mass diplomat expulsions

On Wednesday, Russian authorities revealed that Moscow would respond in kind to West's mass expulsions of Russia's diplomats.

Wed, 28 Mar 2018 18:10:28 GMT

Peru's President to appoint opposition lawmaker as PM

According to sources familiar with the matter, the Peruvian President Martin Vizcarra is set to name an opposition lawmaker as the country's new PM.

Wed, 28 Mar 2018 17:03:26 GMT

VW uncovers prototype pickup truck

On Wednesday, Volkswagen uncovered a concept pickup truck at the NY auto show, filling a gap in the carmaker's US product line-up.

Wed, 28 Mar 2018 17:02:36 GMT

US crude oil supplies up 1.6M barrels last week

For the week ended 23 March, US crude oil inventories were up 1.6M barrels according to the data released by the Energy Information Administration.

Wed, 28 Mar 2018 16:09:15 GMT

US February pending home sales rise sharply

According to the data released by the National Association of Realtors, US pending home sales reversed their course in February, posting a 3.1% surge in the reported month.

Wed, 28 Mar 2018 16:08:56 GMT

American advance wholesale inventories up 1.1% in February

The US Census Bureau reported on Wednesday that advance February wholesale inventories were up 1.1% from January 2018.

Wed, 28 Mar 2018 15:12:49 GMT

US goods trade balance worsens in February

Data released by the US Bureau of Economic Analysis on Wednesday showed that the country's goods trade balance worsened in February, posting a deficit of $75.4B.

Wed, 28 Mar 2018 15:11:33 GMT

US final Q4 2017 GDP comes in at 2.9%

According to the US Bureau of Economic Analysis, the state's Q4 2017 final GDP expanded at a pace of 2.9%, surpassing analysts' expectations for a 2.7% growth rate.

Wed, 28 Mar 2018 14:34:42 GMT

Ousted Cambridge Analytica CEO to face UK parliamentary committee

Cambridge Analytica's suspended CEO Alexander Nix is set to appear before the British parliamentary committee on April 17 for questioning over the Facebook data scandal.

Wed, 28 Mar 2018 14:30:15 GMT

Poland agrees to buy US Patriot missile defence system

Poland agreed to sign a deal with United States to acquire Raytheon's Patriot missile defence system for $4.75B in the country's efforts to modernise the forces against Russia.

Wed, 28 Mar 2018 13:36:24 GMT

Facebook to launch new privacy changes amid data row

Facebook is set to introduce a series of new privacy controls for its users in a wake of the data scandal that had wiped off more than $100B in the company's market value.

Wed, 28 Mar 2018 13:30:47 GMT

Equifax appoints Warburg Pincus' head Begor as CEO

On Wednesday, Equifax appointed the Warburg Pincus executive Mark Begor as the credit monitoring firm's Chief Executive Officer to replace Richard Smith who had stepped down in September.

Wed, 28 Mar 2018 12:03:48 GMT

Tencent head sells one million of company's shares

Tencent Holding's President Martin Lau sold one million of the company's shares at a price $55.35 apiece, lowering his stake to 0.48% from 0.49%, according to the stock exchange statement.

Wed, 28 Mar 2018 12:03:26 GMT

Airbnb to disclose host information to China's government

The US home-rental service Airbnb is set to share host information to the China government agencies starting from the end of this week, as it has to comply with the Asian country's regulations.

Wed, 28 Mar 2018 11:35:56 GMT

Japanese Takeda considers bod for London-listed Shire

The Japanese biggest drugmaker Takeda Pharmaceutical is weighting a bid for the London-listed drugmaker Shire to expand in hyperactivity drugs, rare diseases and the United States, bringing its shares up 25%.

Wed, 28 Mar 2018 10:36:10 GMT

Internet platforms to try harder to cut out illegal content

The British Interior Minister Amber Rudd stated on Wednesday that the Internet firms such as Facebook and Twitter must put more efforts to remove malicious and illegal content online.

Wed, 28 Mar 2018 10:34:07 GMT

Saudi Arabia, Russia plan up to 20 years oil alliance

The key OPEC producer Saudi Arabia and Russia are considering a 10- to 20-year oil alliance in a deal that could extend control over the world crude supplies by the top exporters.

Wed, 28 Mar 2018 09:20:39 GMT

UK's new immigration law gets delayed

The new post-Brexit immigration law has been once more delayed. The news were announced by the Interior Minister of the country on Wednesday.

Wed, 28 Mar 2018 09:20:05 GMT

Uber's failed test creates more questions

Various interested parties have increasingly become interested in the question, why did Uber decreased the amount of safety sensors in its newest self-driving car.

Wed, 28 Mar 2018 08:35:15 GMT

SoftBank Vision Fund to invest in Saudi Arabia's solar power project

SoftBank's Vision Fund is set to invest in establishing the world's largest solar power firm in Saudi Arabia, the company stated on Tuesday, as it seeks expansion in the kingdom.

Wed, 28 Mar 2018 08:33:27 GMT

Amazon, Casino discuss Brazil electronics chain

Amazon.com and Casino Guichard Perrachon are in talks over selling or partnering with the French retailer's electronics and appliance chain in Brazil, sources reported on Tuesday.

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