News

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Fri, 21 Jul 2017 02:58:00 GMT

UK to launch consultation on post-Brexit aviation strategy

UK is expected to provide consultation over the country's long-term aviation strategy, aiming to maintain and strengthen ties with European partners.

Fri, 21 Jul 2017 02:57:15 GMT

Russia and US discuss cyber security group creation

Moscow and Washington agreed to debate on cyber security questions, suggesting the creation of a cyber security group, Russia's special envoy said.

Fri, 21 Jul 2017 02:06:41 GMT

Microsoft profits increase strongly amid high cloud demand

Microsoft reported that its fiscal year's fourth quarter revenue rose about 11% to $7.43B, driven by higher demand for cloud services.

Fri, 21 Jul 2017 02:05:32 GMT

South Korean exports jump 22.4% in July 1-20 period

South Korea's exports surged 22.4% year-over-year, while imports jumped 13.3% during 1-20 days period of this month, the customs agency showed.

Thu, 20 Jul 2017 20:13:40 GMT

King Salman to reform security agencies

On Thursday, the Saudi Arabian King Salman has signed a decree that is to merge local intelligence office with counter-terrorism unit into a new state security agency.

Thu, 20 Jul 2017 20:13:01 GMT

Sources: Brazil to raise taxes

According to the Reuters sources, the federal government of Brazil is ready to raise taxes and reduce spending in order to minimize a budget gap.

Thu, 20 Jul 2017 19:14:52 GMT

Kuwait expels Iranian ambassador

According to the ISNA news agency, the government of Kuwait decided to expel Iranian ambassador and 14 other diplomats on suspicion of having links to terrorist cell.

Thu, 20 Jul 2017 19:14:27 GMT

US fines Exxon over Russia sanctions

On Thursday, the US Treasury Department ordered a $2M fine to Exxon Mobil for signing eight documents with the President of Russia's Rosneft Igor Sechin. 

Thu, 20 Jul 2017 18:14:00 GMT

Germany freezes military projects with Turkey

According to the Bild newspaper, Germany decided to pause both intended and ongoing military projects with Turkey, as tensions between the two countries continue to grow.

Thu, 20 Jul 2017 18:13:29 GMT

Haftar and Seraj to meet in Paris

Accoring to the al-Hayat newspaper, Gaddafi's military chief Khalifa Haftar and Fayez Seraj, leader of the Libya's UN-backed government, will gather for talks with Emmanuel Macron in Paris on July 25.

Thu, 20 Jul 2017 17:15:54 GMT

NAFTA renegotiation to end early next year

Mexican and Canadian diplomats reported on Thursday that the NAFTA deal renegotiation process would likely end early next year.

Thu, 20 Jul 2017 17:01:59 GMT

New version of healthcare reform to leave 22M without health insurance

The US Congressional Budget Office reported on Thursday that the latest version of Trump's promised health-care reform would leave 22M of American citizens without health insurance.

Thu, 20 Jul 2017 15:54:51 GMT

CB Leading Economic Index for US rises 0.6% in June

The Conference Board reported on Thursday that its Leading Economic Index for the United States rose 0.6% in June, following the preceding month's gain of 0.2% and surpassing expectations for a 0.4% increase.

Thu, 20 Jul 2017 15:54:16 GMT

Euro hits 14-month high on Draghi's comments

The ECB President Mario Draghi reported on Thursday that policymakers would discuss the future of the QE programme at one of the Bank's upcoming meetings, pushing the Euro to its 14-month high.

Thu, 20 Jul 2017 14:52:12 GMT

Manufacturing activity in US mid-Atlantic region drops in July

The Federal Reserve Bank of Philadelphia reported on Thursday that its PMI for the US manufacturing sector fell to 19.5 in July from the prior month's 27.6 points, while analysts anticipated a slighter decrease to 23.4.

Thu, 20 Jul 2017 14:51:33 GMT

Initial jobless claims fall more than expected last week

The number of Americans filing for unemployment aid dropped 15K to 233K in the week ended July 14, whereas analysts anticipated a decrease of 3K to 245K.

Thu, 20 Jul 2017 14:25:42 GMT

Tusk seeks to discuss political crisis with Polish President

On Thursday, the EU Council President Donald Tusk stated that he sought to discuss Poland's political crisis with the country's President Andrzej Duda on the back of Warsaw's decision to go against Europe's values.

Thu, 20 Jul 2017 13:15:29 GMT

Citigroup needs to create 150 jobs in EU because of Brexit

Jim Cowles, the chief of the Citigroup's European division, said that the bank might need to open a subsidiary in Germany's Frankfurt because of the UK's decision to leave the European Union. 

Thu, 20 Jul 2017 13:15:01 GMT

Corker supports gradual repeal of the Obamacare

Bob Corker, the Republican US Senator from Tennessee, said on Thursday he supported replacement of the Affordable Care Act, provided that it has "a reasonable transition period".

Thu, 20 Jul 2017 12:11:27 GMT

US and Russia discuss cyber security issues

The US and Russia carry on negotiations to create a joint cyber security unit, the RIA news agency announced on Thursday, quoting Russia's special emissary Andrey Krutskikh.

Thu, 20 Jul 2017 12:10:55 GMT

Turkey refuses to listen to German threats

Ibrahim Kalin, the spokesman of the Turkish President Tayyip Erdogan, said on Thursday that Turkey cannot accept German position, as it escalates tensions between two NATO members.

Thu, 20 Jul 2017 11:11:34 GMT

Carmakers to face more liabilities amid new Takata airbag recall

Automakers could face new liabilities as Takata expanded the recall of its defective airbags after the company had failed a safety test given by the US regulators in 2015.

Thu, 20 Jul 2017 11:11:22 GMT

Germany cautions its citizens against travelling to Turkey

On Thursday, Germany's Foreign Minister called its citizens to exercise extreme caution in travelling to Turkey for business or private reasons amid German people detentions and Ankara's violation of international laws.

Thu, 20 Jul 2017 10:03:17 GMT

Lenovo PC business to resume to positive growth in current year

The Lenovo CEO Yang Yuanqing stated on Thursday that the company's PC business was set to return to a positive growth in the 2017/18 fiscal year.

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