News

Note: This section contains information in English only.
Tue, 20 Feb 2018 11:22:14 GMT

German SPD launches vote on Merkel's deal

The German Social Democrat Party are set to begin the vote on whether the SPD should join Angela Merkel's Conservatives in a new coalition in the Tuesday's postal ballot.

Tue, 20 Feb 2018 10:30:06 GMT

Adecco acquires US online recruitment firm Vettery

The staffing firm Adecco acquired the US-based digital recruitment company Vettery, not disclosing the price of a deal, as it seeks to expand its footprint in the market.

Tue, 20 Feb 2018 10:26:56 GMT

Israel's OrCam valued at $1B, ready for IPO

The Israeli visual aid company OrCam had been valued at $1B after completing a funding round, paving its way for the planned IPO, the firm's CEO stated on Tuesday.

Tue, 20 Feb 2018 09:33:20 GMT

Uber CEO views flying taxis commercialisation in 10 years

On Tuesday, Uber Technologies' CEO Dara Khosrowshahi stated he could see commercialisation of the company's Air flying taxi service within the next five to ten years.

Tue, 20 Feb 2018 08:34:14 GMT

Australian state branch pulls support for Deputy PM amid sex row

The Australian Deputy Prime Minister Barnaby Joyce has lost his support of the Australian National Party's state branch amid his connection to a sex scandal.

Tue, 20 Feb 2018 08:30:00 GMT

South Korea, US to announce polans for joint drill soon

According to the South Korean Defence Minister, the plans on a delayed joint military drill with the United States will be announced before April, after the end of the Winter Olympics and Paralympics.

Tue, 20 Feb 2018 07:31:47 GMT

LVMH names new CEO for Fendi fashion house

The luxury goods conglomerate LVMH has appointed Serge Brunschwig as the new Chief Executive Officer of the Fendi fashion house.

Tue, 20 Feb 2018 07:27:59 GMT

Investors speculate over South Africa's new cabinet composition

Investors expect that the new South African President Cyril Ramaphosa could introduce changes to his cabinet, thus speculating about the future of the country's Finance Minister.

Tue, 20 Feb 2018 06:05:27 GMT

Minnesota, 3M head to $5B trial on Tuesday

The US state of Minnesota will be heading to trial on Tuesday in an attempt to force 3M Co. to pay a $5B fine for the environmental damage caused by the company.

Tue, 20 Feb 2018 05:55:04 GMT

South Korea to hold talks with GM over four plants

The South Korean Finance Minister Kim Dong-yeon said the government would meet with the US-based General Motors to negotiate the future of its four plants in the country.

Tue, 20 Feb 2018 05:23:48 GMT

Sony will form joint venture to develop taxi-hailing system in Japan

Sony Corp is to join forces with six domestic firms in order to develop an artificial intelligence-based taxi-hailing system for the Japanese market.

Tue, 20 Feb 2018 05:18:12 GMT

HSBC's pre-tax profit climbs 142% in 2017

The pre-tax profit of HSBC Holdings rose by 142% to $17.2B in 2017, compared to $7.1B year-on-year, while revenues increased from $48B to $51.4B during the same period.

Tue, 20 Feb 2018 04:32:35 GMT

GM offers debt of $2.2B for equity swap in exchange for Seoul's support

General Motors suggested to convert $2.2B debt owed by ailing South Korea's operation in return for tax benefits and financial support from Seoul.

Tue, 20 Feb 2018 04:31:39 GMT

Samsung to cut OLED panel production amid weak iPhone X demand

Samsung Electronics stated that it would cut output of OLED panels in respond to the company's client Apple decision to slash iPhone X production due to weak demand.

Tue, 20 Feb 2018 02:58:39 GMT

BoE Governor Mark Carney says Bitcoin failed as currency

The Bank of England Governor Mark Carney stated on Monday that the Bitcoin failed as a currency measured by traditional benchmarks.

Tue, 20 Feb 2018 02:56:50 GMT

RBA sees only gradual inflation increase

Official data released on Tuesday showed that the Reserve Bank of Australia expected inflation to accelerate "only gradually", pointing to continued economic strength.

Mon, 19 Feb 2018 21:14:39 GMT

Venezuela's opposition to boycott presidential vote

On Monday, the opposition coalition of Venezuela's leaders appeared likely to boycott the upcoming presidential election, claiming its result will be manipulated by the ruling authorities.

Mon, 19 Feb 2018 20:49:34 GMT

Erdogan and Rouhani discussed developments in Syria

On Monday, the President of Turkey Tayyip Erdogan and the President of Iran Hassan Rouhani exchanged views on developments in Syrian Idlib province and the situation in Afrin region over the phone.

Mon, 19 Feb 2018 19:58:58 GMT

Turkey urges Syrian army to abstain from helping Kurdish YPG

Turkish officials stated that invasion of Syrian government forces into Afrin region to protect Kurdish People's Protection Unit militia will result in confrontation with Turkish military.

Mon, 19 Feb 2018 19:58:23 GMT

EU appoints de Guindos as ECB Vice President

On Monday, the finance ministers of Eurozone chose Spanish Minister of Economics Luis de Guindos as a successor to the Vice President of European Central Bank Vitor Constancio.

Mon, 19 Feb 2018 18:57:34 GMT

UN Secretary General calls for global cyber warfare rules

UN Secretary General Antonio Guterres called for a set of rules to minimise the influence of cyber warfare on the civilian population due to the growing scale of cyber crimes around the world.

Mon, 19 Feb 2018 18:55:57 GMT

Deripaska to step down from EN+ and Rusal

Russian industrial tycoon Oleg Deripaska plans to quit the president roles at energy-related company EN+ Group and Russian aluminium giant Rusal which he currently controls. 

Mon, 19 Feb 2018 17:56:30 GMT

LSE and ICE compete over Libor replacement

On Monday, the British Bourse said that the London Stock Exchange is ready to set up a contract to compete with InterContinental Exchange to replace Libor by 2021.

Mon, 19 Feb 2018 17:54:50 GMT

Powell appoints two senior advisers

The Wall Street Journal reported the newly-appointed Fed Chair Jerome Powell had named Jon Faust and Antulio Bomfim as senior advisers to the Federal Reserve.

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