News

Note: This section contains information in English only.
Fri, 25 Aug 2017 09:02:18 GMT

Samsung chief sentenced to five years for bribery

On Friday, the former chief executive of Samsung Wang Min was jailed to five years after he was found guilty of paying bribes to former South Korean leader Park Geun-hye.

Fri, 25 Aug 2017 09:01:44 GMT

Thai Teriyapirom sentenced to 42 years for fraud

The former Thai commerce minister Boonsong Teriyapirom was jailed to 42 years after he was found guilty of falsifying intra-state rice agreements with China.

Fri, 25 Aug 2017 07:55:08 GMT

Computacenter announces 15% higher revenue

Computacenter, the IT services provider, stated that its mid-year adjusted revenue rose 15% to $2.18M, helped by strong expansion in Germany and supportive currency impact.

Fri, 25 Aug 2017 07:54:16 GMT

Frankfurt to become miniature of London after Brexit

A study revealed that Frankfurt would have a good potential to become a ‘little London' after Brexit, as tens of thousands new positions are set be created, boosting German banking capital.

Fri, 25 Aug 2017 07:11:34 GMT

Subaru to book special loss of $741.5M over Takata recall

Japan's automaker Subaru is set to book a $741.5M as a special loss in the H1, as it anticipates higher expenses due to the recall of the Takata-made airbag inflator.

Fri, 25 Aug 2017 07:08:21 GMT

Saudis, China agree to set up energy cooperation mechanisms

Saudi Arabia and China announced that both countries reached a consensus on enhancing bilateral cooperation in the fields of finance, energy and industrial capacity.

Fri, 25 Aug 2017 06:15:10 GMT

UAW, Unifor to discuss NAFTA with Canadian Foreign Minister

Labour unions the United Auto Workers and Unifor would meet Chrystia Freeland, the Canada's Foreign Minister, to discuss plans for the next round of NAFTA talks in Mexico.

Fri, 25 Aug 2017 06:14:37 GMT

China to strengthen controls on intellectual property theft

China is set to tighten controls on intellectual property in attempt to ensure to foreign firms better opportunities, the country's Commerce Ministry stated.

Fri, 25 Aug 2017 05:06:37 GMT

Japan to impose new sanctions against North Korea

On Friday, the Chief Cabinet Secretary Yoshihide Suga said that Japan will impose new sanctions North Korea, as the latter continues to conduct ballistic missile launches.

Fri, 25 Aug 2017 05:02:12 GMT

Oil prices rise to $52.39

On Friday morning, crude oil prices rose to $52.39 a barrel, as companies prepared for possible production disruptions caused by the approaching Harvey Hurricane.

Fri, 25 Aug 2017 04:26:00 GMT

Infosys names Nilekani as new CEO

On Thursday, the second-biggest India's IT services company Infosys appointed Nandan Nilekani, one of its founding members, as its new chairman.

Fri, 25 Aug 2017 04:18:35 GMT

12 killed in insurgent attack in Myanmar

No less than 12 people were reported to be killed in the Rohingya Muslim insurgent attack in Myanmar's Rakhine state, the government reported on Friday.

Fri, 25 Aug 2017 02:55:57 GMT

Canada to ramp up deportations as migrant influx grows

Canada is likely to ramp up deportations of asylum seekers within the country, as an inflow of migrants crossing the border from the US grows rapidly.

Fri, 25 Aug 2017 02:55:18 GMT

Whole Foods to diminish prices after acquisition

Amazon stated that, as the acquisition with Whole Foods finished, it would lower prices, aiming to make organic and natural food more affordable for everyone.

Fri, 25 Aug 2017 02:10:00 GMT

Japan's core CPI grows 0.5% in July

Core consumer inflation in Japan rose 0.5% year-over-year in July, the seventh straight month of increase, suggesting slow but steady growth towards 2% inflation target.

Fri, 25 Aug 2017 02:09:16 GMT

Apple to build data centre in Iowa, get incentives of $207.8M

Apple announced that it would build a $1.37B worth data centre in Iowa, with a total amount of $207.8M incentives approved by the state's Economic Development Authority.

Thu, 24 Aug 2017 20:06:56 GMT

White House confirms commitment to raise debt ceiling

On Thursday, the White House spokeswoman Sarah Sanders confirmed that it is the job of the Administration to make sure that the Congress will raise the federal debt ceiling.

Thu, 24 Aug 2017 20:06:48 GMT

Qatar closes Chadian embassy

On Thursday, the Qatari Foreign Ministry announced its decision to close the embassy of Chad, blaming the African state of joining a "campaign of blackmail".

Thu, 24 Aug 2017 19:14:20 GMT

Congress to increase debt ceiling

On Thursday, the US House of Representatives Speaker Paul Ryan said that the Congress will introduce a new legal act to increase the federal debt ceiling that might be necessary for new veteran's support programs.

Thu, 24 Aug 2017 19:14:06 GMT

Canada stands for crypto currency regulation

On Thursday, the Canadian Securities Administers said that crypto currencies require tougher regulation, as many of them constitute securities from the point of view of local laws.

Thu, 24 Aug 2017 18:28:47 GMT

22 dead in Brazil ferry accident

Not less than 22 people had died after a ferry with 130 passengers on board capsized near Brazil's state of Bahia.

Thu, 24 Aug 2017 18:25:08 GMT

Amazon to complete deal with Whole Foods on Monday

On Thursday, Amazon.com revealed its intention to complete its $13.7B acquisition of Whole Foods Market on Monday.

Thu, 24 Aug 2017 16:53:49 GMT

Existing home sales in US fall unexpectedly in July

The National Association of Realtors reported that home resales in the US dropped 1.3% to a seasonally adjusted yearly rate of 5.44M units, missing expectations for a 5.55M reading.

Thu, 24 Aug 2017 16:52:32 GMT

Russian franchisee of Papa John's to expand in Poland, Central Asia

Russian franchisee of the US pizza giant Papa John's announced that it would open new restaurants in Kyrgyzstan, Kazakhstan and Poland in the next three to five years.

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