News

Note: This section contains information in English only.
Sun, 17 Feb 2019 07:28:17 GMT

Starbucks to set up Italian-food cafe in China

Starbucks is expected to launch the first featured Italian-food cafe in China, highlighting Italian drinks and dishes, the company stated.

Sun, 17 Feb 2019 07:25:37 GMT

Czech economy expands 3% in 2018

Gross domestic product of the Czech Republic rose 3.0% year-over-year in 2018, according to latest statistics from the CZSO.

Sun, 17 Feb 2019 06:20:16 GMT

Shell to spend $54.6B on gas, oil projects by 2025

Royal Dutch Shell is expected to spend $54.6B on announced and planned upstream projects starting from 2019 to 2025, according to the report by Global Data.

Sun, 17 Feb 2019 06:06:52 GMT

Infosys launches learning platform for engineering students

India's second-largest IT services company Infosys announced the launch of InfyTQ, a digital platform to provide learning and engagement experiences to the country's engineering students.

Sun, 17 Feb 2019 05:37:20 GMT

Uruguay, Ukraine launch visa-free regime

The visa-free regime between Uruguay and Ukraine started to work on Friday, Ukrinform reported, suggesting that the eased visa policy is likely to boost business contacts and tourism between the states.

Sun, 17 Feb 2019 05:33:22 GMT

Portugal's economic growth weakens in 2018

The Portuguese economy expanded 2.1% in 2018, down 0.7% from the 2017 growth and slightly missing government expectations, local media stated.

Sun, 17 Feb 2019 04:31:00 GMT

Cisco sets up first co-innovation centre in Singapore

Tech giant Cisco announced the launch of the company's first SE Asian hub in Singapore to work over regional issues in the Internet of Things and cybersecurity.

Sun, 17 Feb 2019 04:25:04 GMT

Aegon profit falls 83% to 253M in H2 last year

Dutch life insurance firm Aegon reported that the company's net profit for the 2018 second half decreased 83% to 253M, compared to 1.45B registered for the same period in the preceding year.

Sat, 16 Feb 2019 21:27:46 GMT

India raises duties for Pakistani goods

On Saturday, India abolished the most-favoured-nation status for Pakistan and immediately increased customs duties on its goods by 200%.

Sat, 16 Feb 2019 21:16:57 GMT

Biden soon decides to run or not

The US ex-Vice President Joe Biden stated on Saturday that would announce his decision whether to run for president or not "in the near term".

Sat, 16 Feb 2019 20:29:33 GMT

US delivers aid to Venezuelans

The US military plane with food, water and medication for Venezuelan refugees landed on Saturday in the city of Cucuta, Colombia.

Sat, 16 Feb 2019 20:26:09 GMT

Canada wants US to recall tariffs on steel

On Saturday, the Foreign Minister of Canada Chrystia Freeland met with the US House of Representatives Speaker Nancy Pelosi and highlighted the importance of revocation of tariffs on aluminium and steel in Canada.

Sat, 16 Feb 2019 19:25:11 GMT

Spain's Socialist Party set to win Parliamentary election

According to GESOP poll released on Saturday, the Spanish Socialist Party would win 115-117 seats in Spain's Parliamentary election.

Sat, 16 Feb 2019 19:24:56 GMT

IMF's Lagarde presses Ukraine on deeper structural reforms

Christine Lagarde, the International Monetary Fund Managing Director, urged Ukraine to make swift progress with comprehensive structural reforms needed to achieve better economic growth.

Sat, 16 Feb 2019 16:53:31 GMT

Payless ShoeSource to begin liquidation sales

The US discount retailer Payless ShoeSource stated it would start going-out-of-business sales at Puerto Rico and the US stores on February 17 and wind down the company's e-commerce operations.

Sat, 16 Feb 2019 16:53:26 GMT

Bank lending to small firms key to boost Chinese growth

The PBoC official stated that China should encourage the country's banks to support small, private companies in the real economy, rather than policies or forced lending.

Sat, 16 Feb 2019 16:01:22 GMT

Car sales of Volkswagen decline 1.8 pct in Jan.

Total Volkswagen's car sales decreased 1.8% an annual basis in January, the EU largest vehicle maker stated, as the company delivered a total of 882K cars in the first month of this year.

Sat, 16 Feb 2019 15:57:18 GMT

Amazon cancels plans for HQ2 in NY

The US e-commerce major Amazon cancelled plans to build the company's new headquarters in New York amid opposition from some local and state politicians.

Sat, 16 Feb 2019 15:30:32 GMT

Singapore's GDP growth likely below 1.5%-3.5% range midpoint

Singapore's GDP is expected to rise 1.5% to 3.5% in 2019, with increase expected to come in below the middle point of the forecast range, the MTI stated.

Sat, 16 Feb 2019 15:27:40 GMT

Philippine remittances at new high in December 2018

Personal remittances from OFs registered a record-high $3.2B in December last year, up 3.6% year-over-year, the Central Bank of Philippines stated.

Sat, 16 Feb 2019 14:38:13 GMT

Vapiano underperforms 2018 forecast

On the basis of unaudited data, Vapiano anticipated sales for the financial year of 2018 to range around €370M, organic growth of negative 1% and around €29M to €31M adjusted EBITDA.

Sat, 16 Feb 2019 14:28:55 GMT

Uber posts $50B in yearly bookings

Uber Technologies had $50B in total bookings for the company's food-delivery and ride-service businesses in 2018, a testament to the global reach of the firm, as it prepares for IPO.

Sat, 16 Feb 2019 13:20:00 GMT

Michael Calvey ready to cooperate with investigators

The detained head of one of the Russia's largest private equity companies Michael Calvey stated on Saturday that he was ready to help the investigation into supposed financial misconduct.

Sat, 16 Feb 2019 13:14:38 GMT

US disagrees with Germany's stance on Russia

The Vice President of the United States Mike Pence stated on Saturday that the White House did not share Germany's call to make Russia part of international cooperation efforts.

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