News

Note: This section contains information in English only.
Sun, 14 Apr 2019 17:15:16 GMT

Trump: Fed should start crisis-era stimulus

The US President Donald Trump stated that actions by the Fed have nicked the country's economic growth and stock market gains 30%, and that it should start to pump money into the economy as it was done during the crisis.

Sun, 14 Apr 2019 17:12:30 GMT

Italy's growth to strengthen in H2

Giovanni Tria, the Economy Minister of Italy, announced expectations for the country's growth to pick up in the H2 of 2019, as measures to revive a stagnant economic expansion take effect.

Sun, 14 Apr 2019 16:34:00 GMT

VW to contend Tesla in China

Volkswagen announced plans to build an electric SUV for China in the period from 2021, competing with the local market leader Tesla's Model X, as Germany's carmaker ramps up zero emissions vehicles' production.

Sun, 14 Apr 2019 16:24:57 GMT

Moscovici: EZ budget to have stabilising role

Pierre Moscovici, the EC for Economic and Financial Affairs, stated that the future EZ budget is likely to have to take over the task of softening economic shocks in spite of current resistance from Northern European countries.

Sun, 14 Apr 2019 15:14:04 GMT

Uber rises spending on autonomous vehicle technology

Uber Technologies spent more than $1B autonomous car technology to compete with majors such as Apple, Alphabet and General Motors, with the company's filing for IPO showing $475M in R&D expenses for self-driving unit.

Sun, 14 Apr 2019 14:57:48 GMT

Etisalat to spend $1B on digital transformation

UAE-based telecoms major Etisalat announced plans to invest $1.09B in digital transformation, fibre and mobile networks in 2019, the company's CTO stated.

Sun, 14 Apr 2019 14:33:31 GMT

Japan: sales tax to be increased as scheduled

Taro Aso, the Japanese Finance Minister, promised to global finance leaders that the country will move ahead with sales tax hike as scheduled in October, even as weakening global expansion darkened the outlook for the economy.

Sun, 14 Apr 2019 14:30:43 GMT

Subaru to recall 5K cars in China

Japan's automaker Subaru is expected to recall more than 5K vehicles sold in China due to possible safety hazards.

Sun, 14 Apr 2019 13:02:18 GMT

CEEC to deepen ties with China

After a meeting held in the city of Dubrovnik, the leaders of Central and Eastern European Countries (CEECs) expressed the hope that their bilateral relations with China would enhance and reach new level.

Sun, 14 Apr 2019 13:02:12 GMT

China to continue financial sector opening

The Deputy Governor of China's Central Bank Chen Yulu stated on Sunday that the country would continue to systemically open up its financial sector.

Sun, 14 Apr 2019 12:23:25 GMT

Iran evaluates damage from floods

The Interior Minister of Iran Abdolreza Rahmani Fazli stated on Sunday that the deadly March floods have caused nearly $2.5B in damage to infrastructure.

Sun, 14 Apr 2019 12:20:18 GMT

Publicis to acquire Alliance Data's Epsilon unit

The French advertising group Publicis stated on Sunday that it would $4.4B for acquisition of Alliance Data's Epsilon marketing division, thus broadening its activity in North America.

Sun, 14 Apr 2019 11:22:58 GMT

Thousand Jet Airways pilots to stop working

Starting from Monday nearly 1K Indian Jet Airways pilots would not go to work because of non-receipt of salaries over the past quarter.

Sun, 14 Apr 2019 11:18:44 GMT

Lidington says negotiations with Labour will continue

The UK Cabinet Office Minister David Lidington stated on Sunday that negotiations between the government and the opposition Labour party over Brexit deal would continue, though they should not last for months.

Sun, 14 Apr 2019 10:24:39 GMT

Pete Buttigieg to join presidential race

On Sunday, the mayor of South Bend in Indiana Pete Buttigieg is expected to formally announce his participation in the 2020 presidential campaign, as one of the Democratic party's representatives.

Sun, 14 Apr 2019 10:21:48 GMT

KBA investigates Daimler's emissions software

According to the Bild am Sonntag, the German motor vehicle regulator KBA has started investigating Daimler's software used in Mercedes cars for emissions control.

Sun, 14 Apr 2019 09:26:01 GMT

Draghi doubts Fed's independence

On Saturday, the European Central Bank President Mario Draghi addressed the US Federal Reserve and said that the more independence it losses the less would be credibility of its policy.

Sun, 14 Apr 2019 09:16:09 GMT

Indonesia holds nationwide elections

On Sunday, tens of millions of Indonesians went to the polling stations to elect a new legislative body and new head of the country.

Sun, 14 Apr 2019 07:51:25 GMT

Trade disputes cloud global economy

Global Finance leaders said on Saturday that tighter financial conditions and trade disputes are among the biggest threats facing the world economy.

Sun, 14 Apr 2019 07:51:16 GMT

IMF will not be able to help Venezuela deal with economic crisis

Christine Lagarde, the International Monetary Fund Managing Director, said that the IMF would not be able to help Venezuela solve all its economic crisis.

Sun, 14 Apr 2019 06:56:55 GMT

Diaz-Canel calls for strengthened economy and defences

The President of Cuba Miguel Diaz-Canel has called on Cubans to strengthen the country's economy and defences in response to the US President Donald Trump threats.

Sun, 14 Apr 2019 06:56:47 GMT

Mnuchin hopeful US-China trade talks are close to final round

Steven Mnuchin, the US Treasury Secretary, said on Saturday that he was hopeful that the US-China trade talks go way beyond the previous negotiations.

Sun, 14 Apr 2019 06:11:27 GMT

Finland's voters set to pave way for leftist Prime Minister

According to a survey commissioned by public broadcaster Yle, showed that Finnish leftist party could win Finland's Parliamentary election.

Sun, 14 Apr 2019 06:10:34 GMT

Three dozen Australian journalists to face court

Prosecutors in the state of Victoria has accused about three dozens of Australian publishers and journalists over Cardinal George Pell's trial coverage.

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