News

Note: This section contains information in English only.
Tue, 15 May 2018 08:35:05 GMT

Vodafone CEO Colao to resign in October

Vodafone's CEO Vittorio Colao is set to step down from his position in October, following 10 years of leading the world's second biggest mobile operator, and will be replaced by the current Financial Director Nick Read.

Tue, 15 May 2018 07:34:19 GMT

Malaysian aviation regulator denies order to halt AirAsia flights

On Tuesday, a Malaysian aviation regulator has denied its pressure on the budget carrier AirAsia to halt its extra fights that were aimed to aid voters return home for the recent election of Malaysia.

Tue, 15 May 2018 07:29:21 GMT

South and North Koreas to hold inter-Korea talks this week

On Tuesday, South Korea and North Korea agreed to hold the high-level inter-Korea negotiations on May 16, as the countries seek to discuss the necessary steps to uphold their pledge to denuclearise the Korean peninsula.

Tue, 15 May 2018 06:36:04 GMT

Amazon introduces new policy for board diversity promotion

On Monday, Amazon.com stated it would adopt a new policy in its director board, seeking to promote diversity in it, and adding that women and minorities should be among the nominees to the board.

Tue, 15 May 2018 06:32:02 GMT

Toshiba views annual profit boost on its chip unit sale

The Japanese firm Toshiba is expecting its annual net income to surge 33%, boosted on its planned $18B memory chip unit sale, the company stated on Tuesday.

Tue, 15 May 2018 05:01:58 GMT

Australian authorities probe Google

Google has been placed under investigation by Australian authorities after claims were made that the company harvests data from Android users, who even unwittingly pay for the data being transferred during the harvesting.

Tue, 15 May 2018 05:01:22 GMT

India's ruling party leads state election

The ruling party in India on Monday was leading the state election. As the votes were being counted on Tuesday morning, the party lacked only a little bit to have outright majority.

Tue, 15 May 2018 04:26:55 GMT

US Dollar gains against other currencies

On Tuesday morning, media quoted US bond yields as the cause for the US Dollar's sudden rise against the rest of the global currencies.

Tue, 15 May 2018 04:26:13 GMT

US pressures China about trade

The Ambassador of the US to the Chinese People's republic on Tuesday announced that the US wants to give China a timetable for opening up its markets to US exports.

Tue, 15 May 2018 02:54:09 GMT

China's fixed-asset investment growth slows to 7.0% in Jan-April

Official data showed that Chinese fixed-asset investment expansion slowed to 7.0% in the period from January to April 2018, missing expectations for easing slightly to 7.4%.

Tue, 15 May 2018 02:47:11 GMT

Chinese retail sales rise 9.4% in April

Chinese retail sales increased 9.4% year-over-year in April, missing forecasts for a 10% rise, after a 10.1% growth pace seen in the previous month, the official report indicated.

Tue, 15 May 2018 02:33:17 GMT

Chinese industrial production up 7% in April

Chinese industrial output increased 7.0% in April, compared to the prior year, much more than analysts anticipated, the official report revealed on Tuesday.

Tue, 15 May 2018 02:29:54 GMT

China's property investment grows 10.3% in Jan-April

China's real estate investment rose 10.3% in the four-month period from January to April of this year from a year before, while property sales weakened, facing government cooling measures.

Mon, 14 May 2018 19:52:32 GMT

Tencent to test self-driving cars in Shenzhen

On Monday, Chinese state news agency Xinhua informed that Chinese tech giant Tencent obtained a license from the Shenzhen Transport Bureau to test self-driving vehicles in the city of Shenzhen.

Mon, 14 May 2018 19:51:48 GMT

Netherlands bans government agencies from using Kaspersky software

On Monday, Dutch government declared that it had decided to terminate usage of Russian Kaspersky anti-virus software because of the Russian government's cyber program, targeting Dutch interests.

Mon, 14 May 2018 19:16:06 GMT

Le Figaro: Couderc to become temporary CEO of Air France-KLM

On Monday, French newspaper Le Figaro reported that a board member of Air France-KLM Anne-Marie Couderc is going to be appointed as a temporary CEO of the alliance after the resignation of Jean-Marc Janaillac.

Mon, 14 May 2018 19:07:49 GMT

Poland and Hungary unify against EU budget cuts

On Monday, the Prime Minister of Hungary Viktor Orban and Polish Prime Minister Mateusz Morawiecki declared that both countries will unite against EU budget cuts imposed by Brussels.

Mon, 14 May 2018 18:25:06 GMT

Musk: Tesla to be reorganised

Tesla Inc CEO Elon Musk informed employees that a company will go through a reorganisation because of the manufacturing problems, senior employees departures and two recent crashes of self-driving cars.

Mon, 14 May 2018 18:16:22 GMT

Pompeo discusses Iran nuclear deal with EU allies

US State Department spokeswoman Heather Nauert claimed that in recent days the US Secretary of State Mike Pompeo have had a discussion with British, French and German counterparts about cooperation over Iran.

Mon, 14 May 2018 17:16:40 GMT

Vekselberg's Renova group gets credit line from Promsvyazbank

On Monday, the finance ministry of Russia claimed that Viktor Vekgelberg's Renova Group will get a credit line from Promsvyazbank to support business after the company was hit by the US sanctions.

Mon, 14 May 2018 17:11:57 GMT

Germany to spend 1.5% of GDP on defence by 2025

On Monday, the Defence Minister of Germany Ursula von der Leyen claimed that Germany is planning to increase spending on military and defence from 1.2% to 1.5% by 2025.

Mon, 14 May 2018 16:10:35 GMT

Securities chiefs of Goldman Sachs to leave company

Pablo Salame and Isabelle Ealet, two co-heads of securities division of Goldman Sachs, are set to retire in June after 20-year-long stints at the Bank, the internal memo showed.

Mon, 14 May 2018 16:07:11 GMT

Russia's Central Bank anticipates lower GDP growth

Russia's GDP is anticipated to expand 1%-1.4% in the June quarter in yearly terms due to the high base effect seen in 2017, the country's Central Bank stated.

Mon, 14 May 2018 14:33:54 GMT

Uber appoints new British head amid London licence battle

Uber has named a new UK head Jamie Heywood on Monday, as the ride-hailing service battles to keep its London licence, saying that a new member is set to join the team next month.

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