News

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Tue, 06 Mar 2018 09:27:30 GMT

Japan's navy names first woman to lead warship squadron

On Tuesday, the Japanese navy appointed Ryoko Azuma as the first woman who would command four warships, including the Izumo helicopter carrier, with a crew of 1,000.

Tue, 06 Mar 2018 07:59:33 GMT

America Movil gets approval to separate fixed-line units

On Monday, the Mexico telecommunications regulator stated it had approved America Movil's plan to divide part of its fixed-line units into several entities.

Tue, 06 Mar 2018 07:55:59 GMT

Facebook hires ex-Pinterest, BuzzFeed executives

Facebook has hired the former BuzzFeed Studios head Matthew Henick to conduct the global video content and the ex-Pinterest executive Mike Bidgoli to lead Facebook Watch's product team.

Tue, 06 Mar 2018 07:34:49 GMT

US Republic Senator Cochran to quit on April 1

On Tuesday, the US Republican Senator and the Appropriations Committee chairman Thad Cochran stated he would resign from his post on April 1.

Tue, 06 Mar 2018 07:30:31 GMT

Citigroup, DTCC consortium to develop cyber security standards

According to the Financial Times, a consortium formed by Citigroup, Zurich Insurance and Depository Trust & Clearing Corp is set to develop cyber security norms within the following year.

Tue, 06 Mar 2018 06:14:37 GMT

Central bank: inflation in Philippines likely to ease to target in 2019

The Governor of the Central Bank of the Philippines Nestor Espenilla said annual inflation is expected to ease to its target in 2019, thus reducing the possibility of a rate hike.

Tue, 06 Mar 2018 06:09:19 GMT

China to ensure greater market access to foreign investors

China will widen market availability to foreign investors and ease ownership limits in several sectors in 2018, as reported by the National Development and Reform Commission.

Tue, 06 Mar 2018 05:20:49 GMT

Kuroda says downside risks could prevent Japan from reaching inflation target

According to the Governor of the Bank of Japan Haruhiko Kuroda, Japan still experienced some downside risks that could prevent it from reaching the 2% inflation target by March 2020.

Tue, 06 Mar 2018 05:15:36 GMT

China says increase in military spending is proportionate

China's 8.1% rise in military spending in 2018 was proportionate, low and in line with the growth rate of other countries, the China Daily reported on Tuesday.

Tue, 06 Mar 2018 04:29:23 GMT

Trudeau calls Donald Trump about tariffs

Canada's Prime Minister Justin Trudeau called the US President Donald Trump about proposed aluminium and steel tariffs and defended the country's industry and workers.

Tue, 06 Mar 2018 04:28:33 GMT

Ford awaits Brexit clarity to make investment decision for UK

Ford was requiring clarity over trading conditions after Brexit, as the company wanted to decide on future investment in the UK.

Tue, 06 Mar 2018 03:31:31 GMT

RBA holds key interest rate at record low 1.50%

On Tuesday, the Reserve Bank of Australia kept its key interest rate unchanged at a record low of 1.50%, in line with analysts' forecasts.

Tue, 06 Mar 2018 03:28:49 GMT

Australian retail sales rise less than expected in February

The ABS reported that retail sales rose 0.1% in January, after falling 0.5% in the preceding month, while analysts anticipated an increase of 0.4%.

Mon, 05 Mar 2018 21:14:46 GMT

United Airlines stops changes to bonus program after employee discontent

United Airlines would not implement changes to its performance program, as employees were not satisfied with the reduction of regular bonuses, the company said on Monday.

Mon, 05 Mar 2018 21:07:37 GMT

Ireland's PM says US, Canada border not an example

The Irish Prime Minister Leo Varadkar explained that the border between Canada and the United States was not a model for how to resolve the border issue with Northern Ireland.

Mon, 05 Mar 2018 20:18:10 GMT

Manhattan apartment sales fall to 2012 low in January

Apartment sales in Manhattan plunged to the lowest rate of growth in six years in January due to a trend of declining sales in cities, CityRealty reported on Monday.

Mon, 05 Mar 2018 20:05:26 GMT

Kobe Steel CEO announces resignation

Hiroya Kawasaki is to resign as the Chief Executive Officer of Kobe Steel Ltd due to a quality scandal that could cause a $94.14M fall in profit for the company.

Mon, 05 Mar 2018 19:04:38 GMT

Italy's former PM resigns as leader of Democratic Party

The former Prime Minister of Italy Matteo Renzi resigned as the leader of Democratic Party after its defeat in the national election on Sunday.

Mon, 05 Mar 2018 18:59:50 GMT

Emirates Steel likely to be affected by US tariffs, says CEO

Saeed al Remeithi, the CEO of Emirates Steel, explained that US tariffs on aluminium and steel would have an effect on the company, as it exports 5% of its production to the US.

Mon, 05 Mar 2018 17:54:46 GMT

IEA: US shale supply set to surge in next five years

The International Energy Agency said on Monday that US shale output was set to surge during the following years, thus stealing a market share from OPEC producers.

Mon, 05 Mar 2018 17:52:55 GMT

Trump implies Mexico, Canada could win tariff exemption

The US President Donald Trump suggested on Monday that Mexico and Canada could win exemptions to the planned tariffs on aluminium and steel if the new NAFTA deal is signed.

Mon, 05 Mar 2018 17:05:57 GMT

HCR ManorCare files for bankruptcy

The US-based provider of nursing home services HCR ManorCare filed for bankruptcy on Sunday with $7.1B of debt in a deal to transfer ownership to Quality Care Properties Inc.

Mon, 05 Mar 2018 17:04:49 GMT

IAEA Chief: collapse of Iranian nuclear deal would be ‘great loss'

The Director General of the International Atomic Energy Agency said the collapse of Iran's nuclear accord would be a significant loss for ‘nuclear verification and multilateralism'.

Mon, 05 Mar 2018 16:05:59 GMT

Ethiopia's coalition to choose new PM this week

The Ethiopian ruling coalition is set to meet this week in order to nominate a new Prime Minister, following the unexpected resignation of Hailemariam Desalegn last month.

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