News

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Mon, 09 Oct 2017 20:01:50 GMT

Euro zone ministers discuss future of ESM on Monday

Euro zone finance ministers discussed on Monday the future role of the European Stability Mechanism which was created as a lender of last resort to the union's governments.

Mon, 09 Oct 2017 20:01:08 GMT

Lavrov says escalation of tensions on Korean peninsula is unacceptable

The Russian Foreign Minister Sergei Lavrov said on Monday that it was unacceptable to allow any intensification of tensions on the Korean peninsula.

Mon, 09 Oct 2017 19:03:13 GMT

IKEA introduces new strategy to adapt to changing consumer behaviour

IKEA is to test its "open-source" design and full-scale showrooms in an attempt to make their shops more accessible and thus adapt to dynamic changes in consumer habits.

Mon, 09 Oct 2017 18:59:29 GMT

EPA Chief is to sign an exit rule from Clean Power Plan on Tuesday

The Administrator of the US Environmental Protection Agency Scott Pruitt is to sign a rule on Tuesday to initiate the country's withdrawal from the Clean Power Plan.

Mon, 09 Oct 2017 18:11:52 GMT

Jeroen Dijsselbloem to serve on post until January

On Monday, Jeroen Dijsselbloem, the Euro group President, said he would continue to serve on the post until his term ends in the beginning of 2018.

Mon, 09 Oct 2017 18:10:31 GMT

PM May: UK not to revoke Article 50

The British Prime Minister Theresa May said on Monday the United Kingdom had no intention to revoke the Article 50 EU divorce process.

Mon, 09 Oct 2017 17:18:48 GMT

Euro group sees off Germany's Schaeuble

Finance ministers of the Euro zone countries saw off Germany's most prominent Finance Minister Wolfgang Schaeuble, who had stepped down to become the country's Parliament President.

Mon, 09 Oct 2017 17:17:30 GMT

Euro hits $1.1751 on Lautenschlaeger's comments

By 16:30 GMT, the Euro managed to reach the session's high of 1.1751 against the US Dollar, as the ECB board member Sabine Lautenschlaeger said the bank was ready to start tapering next year.

Mon, 09 Oct 2017 16:23:09 GMT

Georgia's Margvelashvili vetoes fresh constitution draft

On Monday, the President of Georgia Giorgi Margvelashvili vetoed the new constitution draft, sending it back to the government with his remarks and objections.

Mon, 09 Oct 2017 16:21:58 GMT

UK's May: Brexit talks must focus on future cooperation

The UK's Prime Minister Theresa May said on Monday that Brexit negotiations should focus on "what really matters": long-run relationship between the two sides.

Mon, 09 Oct 2017 14:55:50 GMT

Sentix investor confidence tops expectations

The overall Sentix investor confidence for the Euro area advanced by 1.5 points to reach a fresh 10-year high of 29.7 points in October.

Mon, 09 Oct 2017 14:55:38 GMT

German industrial production up 2.6% in August

According to the data released by Destatis on Monday, Germany's industrial production was up 2.6% over the course of August, beating estimates for a 0.9% gain.

Mon, 09 Oct 2017 14:34:32 GMT

Moldova PM sure to get EU funding next year

The Moldova Prime Minister Pavel Filip stated that he was assured of meeting all the requirements and securing funding in 2018 under a $117M accord with the European Union.

Mon, 09 Oct 2017 14:27:31 GMT

GM to buy Strobe in driverless car push

General Motors will acquire Strobe that helps driverless cars to identify objects at distance, using LIDAR technology, as the company seeks to boost its push for self-driving vehicles into the market.

Mon, 09 Oct 2017 13:25:15 GMT

Hamas, Fatah to discuss Gaza security under unity deal

On Tuesday, the negotiators from the Islamist group Hamas and the rival Palestinian factions Fatah are planning to discuss Gaza Strip's security at the Cairo unity talks.

Mon, 09 Oct 2017 12:57:42 GMT

Air Berlin flights to be ceased by October's end

Air Berlin announced on Monday it would completely cease its flights by October 28, calling staff of the insolvent German carrier to seek new jobs.

Mon, 09 Oct 2017 11:55:37 GMT

Indonesia probes StanChart $1.4B transfer to Singapore

Indonesia has launched an investigation into reports on Standard Chartered clients' $1.4B transfer to Singapore, which took place right before Singapore moved to the new tax transparency measures.

Mon, 09 Oct 2017 11:55:27 GMT

Weinstein's co-Chairman ousted over harassment allegations

The Weinstein board fired its co-Chairman Harvey Weinstein amid the alleged sexual harassment against the executive, the company stated on Sunday.

Mon, 09 Oct 2017 10:52:12 GMT

NATO launches new military force in Romania to monitor Black Sea

NATO established a small military force in Romania this Monday with an aim to support the Eastern European border and monitor Russia's growing presence in the Black Sea.

Mon, 09 Oct 2017 10:51:56 GMT

ONS re-adjusts British unit labour costs to 2.4% in Q2

The British Office for National Statistics reported on Monday that unit labour costs in Q2 2017 stood at 2.4%, thus re-adjusting its original calculations of 1.6% released on Friday.

Mon, 09 Oct 2017 10:08:25 GMT

Investor confidence in Euro zone reaches 10-year high in October

Investor confidence in the Euro zone beat expectations in October after reaching a 10-year high of 29.7 points, the latest Sentix survey reported on Monday.

Mon, 09 Oct 2017 09:59:21 GMT

German factory output surges 2.6% in August

The German industrial production increased by 2.6% in August, as this fastest monthly rise in six years might point to a solid GDP growth in the third quarter of 2017.

Mon, 09 Oct 2017 09:34:39 GMT

Rajoy confident Spain to be undivided

The Spanish PM Mariano Rajoy stated that the country would not be divided, despite the Catalan authorities overwhelmingly supported the independence referendum.

Mon, 09 Oct 2017 09:07:46 GMT

China expects Iran nuclear accord to stay intact

On Monday, China stated that it was hoping that the Iran nuclear deal would stay intact, following the US President Donald Trump's intention to decertify the accord.

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