News

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Fri, 19 Jan 2018 09:34:37 GMT

11 Mugabe's allies removed from Zimbabwe Parliament

The Zimbabwe ruling party ZANU-PF fired 11 Mugabe allies from the Parliament on Thursday, following the President Emmerson Mnangagwa's intention to purge officials who backed the former leader.

Fri, 19 Jan 2018 09:30:29 GMT

Emirates A380 jet orders let Airbus to maintain production

On Friday, Airbus COO Fabrice Bregier stated that the latest A380 jet order by Emirates worth $16B would let the EU planemaker to preserve the superjumbo's minimum production level.

Fri, 19 Jan 2018 08:34:19 GMT

Germany, France seek joint position on EU reform

France's Finance Minister Bruno Le Maire stated on Thursday that his country and Germany sought reaching the joint Euro zone reform position by June this year.

Fri, 19 Jan 2018 08:31:28 GMT

Nokia ties up with NTT DoCoMo on 5G equipment

On Friday, Nokia signed its first official deal on supplying Japan's telecom firm NTT DoCoMo with its new 5G wireless radio base stations that boasts about half of Finland's mobile subscribers.

Fri, 19 Jan 2018 07:34:36 GMT

US not to pay $45M in food aid for Palestinians

The US State Department stated on Thursday the United States would not pay $45M in food aid for Palestinians, the country had pledged a part of the Gaza Emergency Appeal.

Fri, 19 Jan 2018 07:28:55 GMT

South Korea sues Apple's CEO over iPhone slowdown

South Korea's consumer group filed a complaint against Apple's CEO Tim Cook over iPhone devices' slowdown, following allegations the company had deliberately shortened the handset life.

Fri, 19 Jan 2018 06:26:12 GMT

Fed's Williams considered for Fed Board vice chair post

The Wall Street Journal reported that San Francisco Fed President John Williams is being considered for the post of the vice chairman of the Federal Reserve Board in Washington.

Fri, 19 Jan 2018 06:25:12 GMT

SEC: bitcoin-themed funds raise issues with investor protection

The US Securities and Exchange Commission expressed concerns over bitcoin-themed funds raising issues with investor protection.

Fri, 19 Jan 2018 05:32:24 GMT

Google strikes patent deal with Tencent

Google has struck a patent licensing agreement with the Chinese investment holding conglomerate Tencent in an attempt to expand its business in China.

Fri, 19 Jan 2018 05:31:47 GMT

Tokyo criticises US for military flights over Okinawa school

On Friday, Japan criticised the military of the US for breaking a pledge not to fly helicopters over a school that is located next to the US base in Okinawa.

Fri, 19 Jan 2018 04:30:37 GMT

SoftBank becomes largest shareholders of Uber as deal closes

The group of investors ran by SoftBank completed a deal with Uber, making the SoftBank the biggest stakeholder in the ride-hailing company and providing a boost to Uber.

Fri, 19 Jan 2018 04:28:24 GMT

AmEx reports first loss in decades amid US tax overhaul

American Express, the credit card issuer, posted the first quarterly decline in 26 years due to the US tax reform,which led to shares buyback suspension for the next six months.

Thu, 18 Jan 2018 21:13:22 GMT

Tillerson to travel to Europe next week for discussions on Iran, Syria

The US Secretary of State Rex Tillerson will visit Europe next week for talks on Iran and Syria before heading to the World Economic Forum in Davos.

Thu, 18 Jan 2018 21:12:16 GMT

Mexico rejects claim to be world's most dangerous country

Mexico's foreign ministry on Thursday dismissed a claim by the US President Donald Trump that Mexico was the most dangerous nation in the world.

Thu, 18 Jan 2018 20:10:59 GMT

May offers France funds to bolster border security

The British Prime Minister Theresa May on Thursday offered the French President Emmanuel Macron $62M to improve security at French border controls.

Thu, 18 Jan 2018 20:08:59 GMT

CIBC values FirstCaribbean at $1.4B

The Canadian Imperial Bank of Commerce considers listing its FirstCaribbean business in the US for $1.4B, a 30% discount to its current market capitalization.

Thu, 18 Jan 2018 19:12:05 GMT

Deutsche Bank CEO: overhaul takes time

The Deutsche Bank reorganization will take more time, but the process is on the right track, the CEO of Deutsche Bank John Cryan says.

Thu, 18 Jan 2018 19:11:07 GMT

Nigeria files $875M lawsuit against JP Morgan over Malabu oilfield deal

Nigeria filed a $875M lawsuit against JP Morgan Chase, accusing the company of inattention in transferring money from a 2011 oilfield deal to former oil minister.

Thu, 18 Jan 2018 18:34:04 GMT

EU wants to avoid fight with Poland, asks real concessions

The EU wants to avoid direct confrontation with Poland, but the country has to make real policy changes to avoid losing funds from the bloc.

Thu, 18 Jan 2018 18:33:09 GMT

Nestle proposes new directors to improve strategy

Nestle, the world's largest food company, nominated three new independent directors on Thursday to fasten transformation into a health-conscious company.

Thu, 18 Jan 2018 15:33:29 GMT

Amazon picks up 20 cities for second HQ construction

Amazon.com shortlisted 20 cities for the second headquarters' construction that deemed to generate around 50K new high-paying job positions.

Thu, 18 Jan 2018 15:28:37 GMT

Carl Icahn: Xerox-Fujifilm JV to be revised or terminated

On Thursday, Xerox's investor Carl Icahn stated that the Xerox-Fujifilm's joint venture should be reviewed or terminated, agreeing with his fellow stakeholder Darwin Deason.

Thu, 18 Jan 2018 14:25:39 GMT

Emirates signs deal for 36 Airbus A380 superjumbo jets

On Thursday, Emirates announced it had signed a $16B deal for 36 Airbus A380 aircraft, securing the future of the world's largest passenger jets for another decade.

Thu, 18 Jan 2018 14:17:07 GMT

Infiniti, Lexus test new ways to rival Tesla, German carmakers

Japan's luxury car brands Infiniti and Lexus are testing new ways to fight Silicon Valley's Tesla and German prestige carmakers by launching its new concept SUV model at the Detroit auto show.

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