News

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Mon, 05 Mar 2018 15:25:07 GMT

Ford to lay off 2K hourly workers at Michigan assembly

Ford Motor will temporarily lay off around 2K hourly employees at the Michigan assembly and its stamping factories in Wayne as part of the carmaker's plan to build Bronco SUVs and the Ranger pickup trucks.

Mon, 05 Mar 2018 14:34:19 GMT

Airbnb to make concessions on short-term rentals

On Monday, Airbnb's top executive Chris Lehane stated that the home-booking firm was about to make concessions in Singapore over the short-term rentals, seeking to appease government's concerns.

Mon, 05 Mar 2018 14:31:46 GMT

South Korea's Kakao considers blockchain unit

The South Korean biggest messaging app company Kakao stated on Monday it was planning to create a blockchain technology unit, where the FuturePlay's co-founder Han Jaesun was seen to lead the firm.

Mon, 05 Mar 2018 13:35:29 GMT

Canadian National Railway CEO abruptly resigns

On Monday, Canadian National Railway announced its CEO Luc Jobin would quit his post immediately amid the railroad difficulties in coping with harsh winter and surge in demand.

Mon, 05 Mar 2018 13:33:10 GMT

AXA shares fall amid $15B takeover of XL Group

Shares in France's insurer AXA plunged about 5% on Monday after the company had announced a $15B takeover of the Bermuda-based XL Group that analysts found pricey.

Mon, 05 Mar 2018 12:06:55 GMT

France's AXA acquires XL Group for $15B

On Monday, the French company AXA agreed to acquire the Bermuda-based XL Group in a deal worth $15B, as it seeks to create the world's leader in casualty and property insurance.

Mon, 05 Mar 2018 12:05:17 GMT

VW considers changing trucks unit structure amid IPO

Volkswagen's managers put under consideration changing its trucks business's corporate structure ahead of the possible initial public offering.

Mon, 05 Mar 2018 11:02:49 GMT

EZ retail sales fall 0.1% in January

Eurostat reported on Monday that the volume of retail trade in the Euro area dropped by 0.1% over the course of January, missing analysts' expectations for a 0.3% surge.

Mon, 05 Mar 2018 11:02:27 GMT

British February services PMI beats expectations

According to the data released by Markit on Monday, the UK's services PMI came in better than expected, hitting the 54.5-point mark in February.

Mon, 05 Mar 2018 10:35:26 GMT

Dialog expects Apple to use its chips through 2020

Dialog Semiconductor was expecting to supply its key customer Apple with its chips in 2019 and 2020, its CEO Jalal Bagherli stated on Monday.

Mon, 05 Mar 2018 10:32:13 GMT

Mediaset shares drop as Berlusconi party does worse in vote

On Monday, shares in Mediaset plunged more than 5% as the party of Silvio Berlusconi, whose family operates the private broadcaster, did not meet the expectations in the general elections.

Mon, 05 Mar 2018 09:35:02 GMT

Amazon plans to launch grocery market in France

Amazon is planning to launch the French grocery delivery service amid the US e-commerce giant's ambitions to expand in the food retail sector.

Mon, 05 Mar 2018 09:32:11 GMT

EU seeks to tax tech giants' revenue at 2%-6% rate

The European Union is set to reveal this month its plans to tax tech giants' revenue at rate in the 2%-6% range, according to France's Finance Minister Bruno La Maire.

Mon, 05 Mar 2018 08:34:31 GMT

Saudi Arabia, Egypt sign $10B deal to develop mega-city

On Sunday, Egypt and Saudi Arabia signed a $10B joint fund over a planned development of the mega-city during the countries' president meeting in Cairo.

Mon, 05 Mar 2018 08:31:31 GMT

Syrian rebels promise to allow civilians leave Ghouta

According to the Russian military, Syria's rebels promised to allow civilians leave their enclave in the eastern Ghouta in exchange for the humanitarian aid.

Mon, 05 Mar 2018 07:34:13 GMT

South Korea aims to bring US, North to nuclear talks

On Monday, the South Korean delegation headed to North Korea as it seeks to bring together its neighbour and the United States for talks in its efforts to rein the missile and nuclear programme.

Mon, 05 Mar 2018 07:30:51 GMT

GM South Korea's 15% workers apply for redundancy package

About 2,500 workers or 15% stuff at the General Motors unit in South Korea applied for a voluntary redundancy package offered by the US carmaker as part of its drastic restructuring.

Mon, 05 Mar 2018 05:56:00 GMT

Turnbull's popularity drops over recent sex scandal

A closely-watched poll revealed on Monday that Australia's PM Malcolm Turnbull's popularity had dropped significantly over his handling of a recent sex scandal between his ex-deputy and a staffer.

Mon, 05 Mar 2018 05:55:45 GMT

US accuses Russia of civilian deaths in Syria

The White House has directly accused Russia of killing civilians in Syria, saying Russian military jets carried out daily bombing missions over Damascus and eastern Ghouta.

Mon, 05 Mar 2018 05:21:10 GMT

China not to tolerate separatist activities for Taiwan

On Monday, China said it would not tolerate separatist activities for Taiwan, adding it is ready to ensure China's territorial integrity aiming at "reunification" with the self-ruled island.

Mon, 05 Mar 2018 05:20:17 GMT

US embassy in Ankara to be closed on Monday

A statement released on Sunday revealed that the US embassy in Ankara, Turkey, will be shut on Monday on the back of security concerns.

Mon, 05 Mar 2018 04:26:35 GMT

China increases defence spending due to military modernisation

China revealed its biggest increase in defence spending in three years, setting an 8.1% growth target in comparison to 2017, due to military modernisation.

Mon, 05 Mar 2018 04:26:05 GMT

Australia new car sales enjoy strong run last month

Australia's new vehicle sales extended strong run in the month of February, with solid demand in the commercial sector contributing to business investment.

Mon, 05 Mar 2018 02:55:41 GMT

Australian inflation gauge turns negative in February

The Melbourne Institute reported on Monday that its Inflation Gauge Index fell -0.1% last month, after increasing 0.3% in January.

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