News

Note: This section contains information in English only.
Wed, 20 Jun 2018 11:14:52 GMT

EU to increase import duties on US goods

The European Commission decided to charge import duties on $3.2B worth of American goods in response to the US President Donald Trump's decision to impose tariffs on European aluminium and steel.

Wed, 20 Jun 2018 11:10:10 GMT

Vodafone to test 5G in British cities

Management of Vodafone announced on Wednesday that it will start testing 5G mobile networks in seven largest British cities, such as Birmingham, Glasgow, London and others in second half of 2018.

Wed, 20 Jun 2018 09:03:05 GMT

Xi pledges to support North Korea

The Chinese leader Xi Jinping praised on Wednesday his North Korean colleague Kim Jong Un for successful meeting with the US President Donald Trump in Singapore and promised to continue providing support to its neighbours.

Wed, 20 Jun 2018 07:56:47 GMT

Banco BPM prepared to sell off debt collection unit

Italy's Banco BPM is going to offer for sale their debt collection unit in case suitors bid for a majority of all the bad loans that it has offered for sale, its CEO said on Wednesday.

Wed, 20 Jun 2018 07:54:05 GMT

Hyundai to collaborate with Audi to enhance hydrogen cars

Hyundai settled a deal with carmaker Audi on Wednesday to team up on developing a hydrogen car technology, aiming to lift up an energy field which has lagged behind electric vehicles.

Wed, 20 Jun 2018 04:57:47 GMT

India drops plan to sell Air India

According to India's Minister of Civil Aviation Suresh Prabhu, India has abandoned its plan to privatise Air India due to lack of potential buyers and high oil prices.

Wed, 20 Jun 2018 04:55:40 GMT

Malaysia's inflation gains 1.8% in May

The Malaysian Consumer Price Index rose by 1.8% year-on-year in May, driven by an increase in transportation and food costs, the Department of Statistics reported on Wednesday.

Wed, 20 Jun 2018 04:21:14 GMT

Chinese stocks remain pressured by possible trade war

The Chinese stock market fell considerably on Wednesday morning, as increasing US-China tensions weighted heavily on Asian equities for the second consecutive session.

Wed, 20 Jun 2018 04:19:52 GMT

Asian business sentiment falls amid trade concerns

The Thomson Reuters/INSEAD Asian Business Sentiment Index, which represents an outlook from 61 Asian firms, dropped to 74 during Q2Y2018 due to concerns of a China-US trade war.

Wed, 20 Jun 2018 02:37:46 GMT

Goldman to invest $500M in women-run business

Goldman Sachs Group is expected to pump $500M into businesses founded, led or owned by women, aiming to close the gender investing gap, the Wall Street bank stated.

Wed, 20 Jun 2018 02:34:57 GMT

Germany's arms export approvals fall in 2017

German arms exports approved by the government worth nearly 9% less last year, falling to $7.23B in 2017, government sources stated, citing the report to be approved by the Cabinet.

Tue, 19 Jun 2018 20:11:09 GMT

French growth to weaken as Euro, trade and oil cloud outlook

The economic growth of France is expected to slow in 2018 due to stronger Euro, higher prices of oil and unclarities about trade protectionism, the INSEE stated.

Tue, 19 Jun 2018 20:10:14 GMT

Verizon to stop selling information about phone location

Verizon is set to stop selling customer's phone location information to third parties, as an investigation found that the data was used by law enforcement agencies to track people without the consent.

Tue, 19 Jun 2018 19:32:23 GMT

Ford to redevelop portray of Detroit downturn to house tech employees

Ford Motor company's executives on Tuesday stated that the automaker is going to renovate and revamp completely Michigan Central Station, which is infamous Detroit's blighted landmark.

Tue, 19 Jun 2018 19:25:30 GMT

ZTE backers from Senate ready to fight Trump over Chinese company

The US senators who support China's ZTE Corporation stated on Tuesday that they are willing to battle for the measure, giving notice to lawmakers not to pressure the White House.

Tue, 19 Jun 2018 18:36:38 GMT

FedEx shares struck by US-China trade concerns ahead of earnings

FedEx Corp shares experienced their toughest sell-off during a two months period ahead of the delivery company's quarterly outputs, as the latest US-China trade tensions warm up.

Tue, 19 Jun 2018 18:24:09 GMT

Senate Democrats wonder if Trump nominee took part in child separation

Two US Senate Democrats wrote to President Donald Trump's nominee to watch out of the US consumer watchdog agency, which seeks proof whether she was involved in immigrants separation.

Tue, 19 Jun 2018 16:51:12 GMT

Haley and Pompeo to speak on UN rights body among US withdrawal threat

Nikki Haley, the US Ambassador to the United Nations and the US Secretary of State Mike Pompeo is going to speak later on today on the United Nations Human Rights Council.

Tue, 19 Jun 2018 16:50:58 GMT

CrowdStrike raises $200M and continues to examine IPO

CrowdStrike stated on Tuesday, that it has raised $200M in its most recent round of funding, leaving the cloud-based cybersecurity firm's valuation above the $3B.

Tue, 19 Jun 2018 16:06:47 GMT

UK satisfied with Sky News commitments regarding Sky bid

Britain said that Twenty-First Century Fox clarified its remaining concerns about the autonomy of Sky News whether it acquires all parts from its parent Sky.

Tue, 19 Jun 2018 16:06:32 GMT

Apple CEO to support end to immigrant children separation

Apple CEO Tim Cook has defined the splitting immigrant parents of children at the US-Mexico border as inhumane, promising to support the end of this issue.

Tue, 19 Jun 2018 15:14:27 GMT

US building permits drop 4.6% in May

The number of new residential buildings in the United States fell by 4.6% to 1.301M units in May which is the lowest reading since September, 2017.

Tue, 19 Jun 2018 14:35:09 GMT

EU regulators to rule on Thales's purchase of Gemalto by July 23

The European antitrust regulators are set to rule on the French aerospace and defence firm Thales's deal worth $5.5B to acquire the Franco-Dutch chipmaker Gemalto by July 23.

Tue, 19 Jun 2018 14:31:32 GMT

PBoC: China should cut RRR for banks

The People's Bank of China said on Tuesday that the country should reduce the reserve requirement ratios (RRR) for banks to ease their financial burden.

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