News

Note: This section contains information in English only.
Tue, 19 Feb 2019 18:06:04 GMT

JD Sports to increase stake in Footasylum by over 18%

On Tuesday, youth footwear and clothes seller Footasylum Plc announced that JD Sports Plc has increased its shares in the company by over 18%.

Tue, 19 Feb 2019 18:04:05 GMT

Netflix plans to create production hub in Toronto

Netflix Inc announced on Tuesday that it would build two production studios in Toronto, that is expected to create about 1850 jobs annually.

Tue, 19 Feb 2019 16:42:52 GMT

Huawei founder comments on data sharing

Huawei's Ren Zhengfei, who is one of the co-founders of the company, on Tuesday revealed to CBS News that he will not share any client information with the Chinese government.

Tue, 19 Feb 2019 16:42:45 GMT

Bank of England could increase money supply

A junior business minister of the United Kingdom on Tuesday revealed that the Bank of England would have to increase the supply of the British Pound in case of a hard Brexit.

Tue, 19 Feb 2019 15:58:38 GMT

Oil trades below 2019 high levels

Crude oil price benchmarks traded near the $67 level on Tuesday. On Monday, the commodity price booked the steepest quarterly surge since 2011.

Tue, 19 Feb 2019 15:58:17 GMT

May will once more negotiation with EU

It was announced on Tuesday that the Prime Minister of the United Kingdom will travel to Brussels and meet with EU officials for another round of Brexit negotiations.

Tue, 19 Feb 2019 14:55:14 GMT

Swedish Crown plummets on data release

On Tuesday, the Swedish Crown lost value suddenly, as the Swedish statisticians published a lot lower inflation data than it was expected by the financial markets.

Tue, 19 Feb 2019 14:54:58 GMT

Qualcomm launches new 5G chip

Qualcomm representatives on Tuesday announced that the company is introducing a second generation of modem chips that are designed to connect mobile devices to the 5G network.

Tue, 19 Feb 2019 13:45:03 GMT

Honda will close down plant in UK

On Tuesday, Honda announced that it will close its car plant in the United Kingdom in 2021. The event will cause a loss of up to 3,500 jobs.

Tue, 19 Feb 2019 13:44:56 GMT

Germany books largest current account surplus

German officials on Tuesday revealed that the German economy has moved to the first spot of the list of the countries with the largest current accounts. The achievement is attributed to strong exports.

Tue, 19 Feb 2019 13:07:37 GMT

EU Commission rebukes Hungarian media campaign

Officials of the European Commission on Tuesday rebuked a recent Hungarian media campaign, which is aimed at the President of the Commission and George Soros.

Tue, 19 Feb 2019 13:07:08 GMT

Bernie Sanders will run in 2020 election

On Tuesday, US Senator Bernie Sanders announced that he will run against Donald Trump in the 2020 US Presidential Election. He will seek the Democratic Party's nomination.

Tue, 19 Feb 2019 11:53:22 GMT

Global equity markets retrace from four-month high

On Tuesday, Asian and European shares slid from four-month highs, as investors and traders cash in on earlier gains.

Tue, 19 Feb 2019 11:53:14 GMT

UK supermarkets likely to face shortages of fresh food, as chaotic Brexit nears

According to food industry officials, British supermarkets might face shortages of food products, less variety and price rises if the UK leaves the European Union without a deal.

Tue, 19 Feb 2019 11:00:47 GMT

Dubai residential property prices to decline in 2019

According to S&P Global Ratings, Dubai home property prices would decline by 5 to 10% in 2019 due to oversupply.

Tue, 19 Feb 2019 11:00:37 GMT

EU lawmakers vote narrowly to begin trade tariff negotiations with US

On Tuesday, the European Union Parliament committees voted narrowly in favour of the EU to starts trade tariff talks with the United States.

Tue, 19 Feb 2019 10:07:38 GMT

British workers' pay growth matches 10 years high

On Tuesday, official numbers showed that the UK wage growth matched a ten-year high in late 2018, suggesting that the UK labour market was strong, as Brexit nears.

Tue, 19 Feb 2019 10:06:25 GMT

Ireland's Deputy PM calls on people not to stockpile medicine ahead of Brexit

On Tuesday, the Irish Deputy Prime Minister Simon Coveney called on its citizens not to stockpile medicine ahead of Brexit.

Tue, 19 Feb 2019 09:10:55 GMT

Honda to end production in UK

Honda Motors announced on Tuesday that the company planned to close its only factory in the United Kingdom by 2021 amid changes in the global market.

Tue, 19 Feb 2019 09:07:13 GMT

UK to miss EU elections

The Junior Brexit Minister Martin Callanan stated on Tuesday that the United Kingdom would not participate in the EU Parliament elections in May because it would leave the bloc by April.

Tue, 19 Feb 2019 08:26:26 GMT

Oil price fluctuates near 2019 highs

Crude oil prices remained relatively unchanged on Tuesday morning, fluctuating near $56.03 per barrel, as traders anticipate the outcome of the US-China trade talks.

Tue, 19 Feb 2019 08:22:53 GMT

China wants better relations with Iran

On Tuesday, the Foreign Minister of China Wang Yi told his Iranian colleague Mohammad Javad Zarif that both countries must deepen "strategic trust".

Tue, 19 Feb 2019 07:12:13 GMT

US states stand against national emergency

On Monday, 16 American states filed a collective claim against the country's President Donald Trump and members of his administration because of declaration of national emergency aimed at finding funds for construction of the border wall.

Tue, 19 Feb 2019 07:08:14 GMT

S&P says UAE home prices to continue falling

The prices on real estate in Dubai are expected to continue falling this year amid excessive supply, the credit rating agency Standard & Poor stated on Thursday.

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