News

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Fri, 16 Mar 2018 15:25:06 GMT

North Korea's official travels to Sweden due to summit speculation

On Thursday, the North Korean Foreign Minister arrived to Sweden for talks that prompted speculations over the possible meeting between the US and North Korea's leaders Donald Trump and Kim Jong Un.

Fri, 16 Mar 2018 14:35:19 GMT

France's Leclerc seeks wider expansion in Paris

The French food retailer Leclerc is set to open click, aiming to collect hypermarkets and stores in Paris, following its home delivery service launch in the capital, as the company wants to outrace the rivals.

Fri, 16 Mar 2018 14:27:33 GMT

Platinum Equity offers $2.1B for JNJ's diabetes unit

Johnson & Johnson stated on Friday that the private investment company Platinum Equity had offered around $2.1B for its diabetes unit LifeScan, known for producing blood glucose monitoring products.

Fri, 16 Mar 2018 12:58:33 GMT

Germany seeks using all options to discuss US tariffs

Germany is eager to use all the opportunities to negotiate the planned aluminium and steel tariffs proposed by the US President Donald Trump, as the Chancellor Angela Merkel seeks to exclude the European Union from the list.

Fri, 16 Mar 2018 12:58:24 GMT

Germany calls on Russia for clarity over chemical toxin attack

On Thursday, the German government's spokesman urged Russia for transparency over the nerve agent attack on the former Russian spy, supporting the Britain's point of view regarding the responsibility for the incident.

Fri, 16 Mar 2018 12:17:55 GMT

JD.com's finance arm seeks to attract $1.9B to double valuation

The finance unit of JD.om is willing to raise around $1.9B in fresh equity that is likely to double the company's value to more than $20B from the last year.

Fri, 16 Mar 2018 12:12:43 GMT

Birmingham seeks clarity from Uber to renew licence

The UK city Birmingham is calling on Uber for further details on the ride-hailing business model before it makes a decision whether to resume its licence.

Fri, 16 Mar 2018 11:11:14 GMT

IMF: Angola's growth prospects boosted by oil prices, policy changes

According to the International Monetary Fund, the Angolan economy was expected to grow by 2.25% year-on-year, being boosted by higher oil prices and more robust policies.

Fri, 16 Mar 2018 11:02:18 GMT

Tiffany beats revenue, earnings forecasts in Q4

The luxury jewellery retailer Tiffany & Co. reported on Friday better-than-expected earnings and revenue of $61.9M and $1.33B, respectively, during the fiscal fourth quarter.

Fri, 16 Mar 2018 10:34:19 GMT

CK Hutchison's Li Ka-shing retires as chairman

The richest man of Hong Kong Li Ka-shing is eager to retire as CK Hutchison's chairman, following the annual general meeting planned to be held on May 10.

Fri, 16 Mar 2018 10:33:03 GMT

Russia to extend its black list of Americans amid sanctions

According to Russia's Deputy Minister Sergei Ryabkov, Moscow is planning to expand its black list of the US officials in retaliation against the newly imposed sanctions.

Fri, 16 Mar 2018 09:34:58 GMT

Australia, ASEAN reject protectionism due to US trade war fears

According to the PM Malcolm Turnbull, Australia and the ASEAN has rejected protectionism amid their fears about a presumable trade war sparked by the US plans to lift aluminium and steel tariffs.

Fri, 16 Mar 2018 09:31:00 GMT

Russia to expel UK diplomats in tit-for-tat move

On Friday, Russia's Foreign Minister Sergei Lavrov stated that Moscow was planning to expel British diplomats in retaliation against London's decision to remove 23 staff at Russia's embassy in the UK.

Fri, 16 Mar 2018 08:31:47 GMT

Steve Wynn considers selling his stake in Wynn Resorts

Steve Wynn, the casino mogul and the ex-CEO of Wynn Resorts, is likely to sell his 11.8% stake he holds in the company, following his resignation amid sexual harassment scandal last month.

Fri, 16 Mar 2018 08:27:50 GMT

Trump to fire his Security Adviser McMaster

According to the Washington Post, the US President Donald Trump is eager to replace the National Security Adviser H.R. McMaster; however, the replacement will not be made immediately.

Fri, 16 Mar 2018 07:18:55 GMT

Adobe shares surge on higher software subscriptions

Shares in Adobe Systems rose 3.5% to $226.5 on Thursday, after the company reported better-than-expected revenue and profit, driven by the stronger subscriptions for the Creative Cloud software suit.

Fri, 16 Mar 2018 07:18:02 GMT

China likely to adopt German rules on automotive cars

China's government is considering adoption of Germany's laws and guidelines on the issue regarding the self-driving vehicles use, saying that German automakers could also benefit from such a move.

Fri, 16 Mar 2018 06:08:51 GMT

Sri Lanka lifts Facebook ban

Sri Lanka's officials revealed they had lifted the Facebook ban, which was imposed on the social network on allegations of it being used to spur violence.

Fri, 16 Mar 2018 06:07:52 GMT

India's regional party withdraws from Modi's coalition

India's regional political party decided to withdraw from the country's PM Narendra Modi's coalition on the back of a row over the provision of financial aid to a state the regional party is governing.

Fri, 16 Mar 2018 05:03:17 GMT

New BoJ leadership approved

On Friday, the Japanese government's Lower House Speaker Tadamori Oshima said the state's parliament had approved new BoJ's leadership.

Fri, 16 Mar 2018 05:02:26 GMT

Mattis says Tillerson's firing is "Washington, D.C., story"

The US Defence Secretary Jim Mattis called the firing of the country's Secretary of State Rex Tillerson a "Washington, D.C., story".

Fri, 16 Mar 2018 04:34:47 GMT

Nike's brand president to retire in August

The President of Nike Trevor Edwards has resigned and is likely to retire in August, while the company is set to probe workplace complaints, a spokesman stated.

Fri, 16 Mar 2018 04:31:42 GMT

Uber, Toyota in talks over self-driving technology

Yber Technology was negotiating the possibility of installing the company's self-driving system in Toyota vehicles, seeking to sell the technology to other companies.

Fri, 16 Mar 2018 03:20:26 GMT

Leshi shares plunge 10% amid chairman resignation

On Friday, shares of Leshi Internet Information & Technology dropped 10% after its chairman Sun Hongbin announced his resignation.

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