News

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Sat, 03 Feb 2018 07:01:34 GMT

Bitcoin heads for biggest weekly loss since December 2013

On Friday, the cryptocurrency market significantly plunged with Bitcoin sliding below $7900, which is the biggest weekly loss for Bitcoin since the first week of December 2013.

Sat, 03 Feb 2018 06:04:38 GMT

British Business Bank to lend £100M to firms hit by collapse of Carilion

The British Business Bank is likely to provide nearly £100M worth lending to small companies and workers hit by liquidation of Carilion.

Sat, 03 Feb 2018 06:02:24 GMT

Fed's Yellen sees solid growth encouraging more rate increases

The outgoing Fed Chair Janet Yellen stated that strong economic expansion, tightening job market and pay growth mean that the Fed would need to keep raising rates gradually.

Sat, 03 Feb 2018 04:18:00 GMT

Canada's PM repeats tough stance on NAFTA

The Prime Minister of Canada Justin Trudeau revealed a tough line over NAFTA, repeating that the country could quit, if it is not satisfied with talks on changes.

Sat, 03 Feb 2018 04:17:11 GMT

German parties closer to form coalition

Angela Merkel's conservative party and the Social Democrats made the main progress in negotiations over forming a coalition, but were still at odds concerning labour rules.

Fri, 02 Feb 2018 21:01:55 GMT

McFarland refuses to become an envoy to Singapore

K.T. McFarland asked the US President Donald Trump on Friday to withdraw her nomination as the US ambassador to Singapore amid the uncertainly expressed by the Congress after her testimony over communications with Russia's representatives.

Fri, 02 Feb 2018 21:01:48 GMT

US advises Mexico to watch Russian election meddling

The US Secretary of State Rex Tillerson warned its southern neighbour on Friday that Russia might try to interfere into its presidential election that will take place in July.

Fri, 02 Feb 2018 20:07:03 GMT

Stocks show worst result in two years

The S&P500 and Dow Jones indices ended lower on Friday amid a series of week earning reports as well as the robust US employment data, thus approaching to their largest one-week plunge in two years.

Fri, 02 Feb 2018 20:06:56 GMT

White House ready to negotiate with Congress Democrats' memo release

The Trump administration said on Friday it is ready to work with congressmen in order to decide whether Democrats' memo written for the House Intelligence Committee could be disclosed.

Fri, 02 Feb 2018 19:01:09 GMT

Italy's ruling party promises to introduce minimum wage

In the process of electoral race, the Italian ruling centre-left Democratic Party (PD) promised to raise pensions, help families and introduce a minimum wage.

Fri, 02 Feb 2018 19:01:03 GMT

Booz Allen wins $621M federal contract

In a statement made on Friday, Booz Allen Hamilton said it won a $621M contract that presupposes development and implementation of cybersecurity tools across the US government.

Fri, 02 Feb 2018 18:06:19 GMT

Trump orders to release secret memo

In a decision made on Friday, the US President Donald Trump ordered to publish a classified memo prepared by Republicans that claims biased attitude against him at the Justice Department and FBI.

Fri, 02 Feb 2018 18:06:11 GMT

North Korea calls US not to conduct joint drills with South Korea

In a letter to the United Nations, the Foreign Minister of North Korea Ri Yong Ho warned that if the US decides to conduct delayed drills with South Korea after the Olympic Games it will not "sit idle".

Fri, 02 Feb 2018 17:07:16 GMT

US factory orders increase for fifth month in succession

The Commerce Department stated that new orders for goods made in the US grew 1.7% in December, posting a fifth straight monthly rise.

Fri, 02 Feb 2018 16:57:24 GMT

Trump discusses with Japan's Abe extended missile defence system

The US President Donald Trump and the Prime Minister of Japan Shinzo Abe discussed an extended missile defence system and other efforts to strengthen Japan's defences.

Fri, 02 Feb 2018 16:16:35 GMT

British construction sector stagnates on political uncertainties

The Markit/CIPS stated that the UK construction PMI decreased to 50.2 in January, as Brexit uncertainties caused a dry up in new orders.

Fri, 02 Feb 2018 16:15:44 GMT

US hiring expands, wages grow further in January

The US job growth accelerated in January, while wages revealed the strongest annual gain since 2009, fuelling expectations that inflation would rise to the Fed's target this year.

Fri, 02 Feb 2018 15:29:06 GMT

Guess shares plunge after Kate Upton's allegations

On Thursday, shares in Guess plummeted more than 17%, after a model Kate Upton had tweeted about company's executive accusing him of sexual harassment toward women.

Fri, 02 Feb 2018 15:08:17 GMT

Embraer agrees to form commercial jet JV with Boeing

Brazil's planemaker Embraer had accepted Boeing's offer to form a commercial jet joint venture, not involving Embraer's military division, Globo TV reported on Friday.

Fri, 02 Feb 2018 14:27:05 GMT

German vehicle production halted due to 24-hour strikes

On Friday, German car plants were stalled amid the third day of the 24-hour strikes that focused on factories owned by Porsche, BMW, Audi and Mercedes-Benz.

Fri, 02 Feb 2018 12:59:28 GMT

Uzbek ambassador Karimova-Tillyaeva resigns

On Friday, the former Uzbekistan leader Islam Karimov's daughter Lola Karimova-Tillyaeva resigned as the Uzbek UNESCO representative, seeking to focus on her personal projects in education and charity.

Fri, 02 Feb 2018 12:43:56 GMT

Hon Hai seeks investing $342M in industrial Internet, AI

One of the Apple main suppliers Hon Hai that is also known as Foxconn is planning to invest $342M in artificial intelligence and industrial Internet's related spheres.

Fri, 02 Feb 2018 12:17:27 GMT

Slovakia considers buying Gripen or F-16s fighter jets

The Defence Ministry of Slovakia is in talks to purchase either Swedish Gripen or American F-16s fighter jets as it seeks replacing its Russian-made aging MiG-29s.

Fri, 02 Feb 2018 12:07:08 GMT

Daimler ready for alliances, mobility service partial listing

On Friday, the German carmaker Daimler stated that it was open to broader alliances or partial listings of the company's mobility services operations that also include car sharing.

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