News

Mon, 22 Feb 2021 04:04:17 GMT

Canada's banks set for profits decline

According to Refinitiv data, Canada's six biggest banks will post an average decline of 4.3% in Q1 profit from the previous three months this week.

Mon, 22 Feb 2021 02:28:51 GMT

Sudan's Central Bank devalues currency

On Sunday, the Central Bank of Sudan devalued the Sudanese currency, as part of a broader effort to meet a key condition for debt relief and revive the struggling economy.

Sun, 21 Feb 2021 21:02:37 GMT

Experts expect banks to recover

Despite a fourth consecutive quarterly profit decrease, many investors believe that Canadian banks would start recovering in nearest future.

Sun, 21 Feb 2021 19:11:59 GMT

Northern Ireland to challenge Brexit deal

The two largest Northern Ireland's parties, the DUP and UUP, stated on Sunday that they would legally challenge the Northern Ireland Protocol.

Sun, 21 Feb 2021 18:07:38 GMT

Iran's FM says US must lift sanctions before talks

On Sunday, Iran's Foreign Minister Mohammad Javad Zarif said that the US must first lift sanctions before negotiations to revive the 2015 nuclear agreement.

Sun, 21 Feb 2021 17:07:38 GMT

Hancock comments on UK national lockdown

On Sunday, UK's Health Secretary Matt Hancock told Sky News that COVID-19 data would determine how fast the United Kingdom will emerge from the national lockdown.

Sun, 21 Feb 2021 16:05:05 GMT

UK's Sunak to increase business tax

As reported by the Sunday Times on Sunday, Rishi Sunak, UK's Chancellor of the Exchequer, is set to raise a business tax to pay for coronavirus support schemes.

Sun, 21 Feb 2021 14:41:03 GMT

Saudi Arabia to make investment in military industry

Saudi Arabia is planning to make an over $20B investment into its military industry during the next decade, seeking to bolster the local military spending.

Sun, 21 Feb 2021 14:20:30 GMT

VW to decide on Bugatti in 2021 H1

Volkswagen is set to make a decision on potential sale of its supercar brand Bugatti to Rimac Automobili, the electric hypercar maker, in the first half of the current year.

Sun, 21 Feb 2021 13:35:58 GMT

SF Holding reports notable revenue growth

Chinese express delivery company SF Holding reported a 39.8% or $2.41B year-on-year revenue growth in January.

Sun, 21 Feb 2021 12:32:56 GMT

China reports FX surplus in January

According to the SAFE report, China's banks had $40.8B net FX settlement surplus in January.

Sun, 21 Feb 2021 11:33:32 GMT

Yuan popularity grows

According to the SWIFT report, Chinese yuan became the fifth popular currency in the world with a 2.42% share.

Sun, 21 Feb 2021 10:36:28 GMT

Mark Carney joins Stripe

The former head of the Bank of England, Mark Carney, stated on Sunday that the had joined the board of Stripe Inc.

Sun, 21 Feb 2021 08:42:13 GMT

UK to offer vaccine to all adults by July-end

Britain is set to offer the COVID-19 vaccine to all adults by July's end, according to the Prime Minister Boris Johnson's statement made on Saturday.

Sun, 21 Feb 2021 07:51:12 GMT

Citigroup seeks divesting foreign consumer units

Citigroup is exploring divestiture of some of its international consumer divisions, Bloomberg Law report showed.

Sun, 21 Feb 2021 06:43:39 GMT

Google fires another staff scientist

Google has fired Margaret Mitchell, the company's staff scientist, amid growing dispute over research and diversity caused by Timnit Gebru's, the AI ethics researcher, dismissal in December.

Sun, 21 Feb 2021 05:47:31 GMT

EU to rank jets by eco friendliness

The EU bloc will develop a new ranking system aimed at aircraft and flights to evaluate their eco friendliness, according to Welt am Sonntag's report.

Sun, 21 Feb 2021 04:47:44 GMT

Foxconn says chip shortage to have limited impact

On Saturday, Foxconn's chairman said that Apple's supplier and its clients would face "limited impact" from the chip shortage, which had affected the semiconductor and automotive industries globally.

Sun, 21 Feb 2021 04:31:23 GMT

Biden to meet Canada's Trudeau next week

The US President Joe Biden and Canada's Prime Minister Justin Trudeau are set to hold their virtual meeting on Tuesday to highlight strong ties between the two neighbouring countries.

Sun, 21 Feb 2021 00:39:47 GMT

Bitcoin hits new record high

On Saturday, Bitcoin hit a new record-high level of $57,553, taking the world's most popular cryptocurrency's weekly gain to about 20%.

Sat, 20 Feb 2021 21:26:09 GMT

Texas storm to affect insurers dramatically

A.M. Best, the US credit rating agency, stated on Friday that Texas winter storm is likely to create record quarter losses for insuring companies.

Sat, 20 Feb 2021 20:04:39 GMT

Biden, Trudeau to meet next week

The US President Joe Biden and Canadian Prime Minister Justin Trudeau would hold a first official virtual meeting next Tuesday.

Sat, 20 Feb 2021 19:15:45 GMT

VW Mexico suspends Jetta output

Volkswagen Mexico is planning to suspend the Jetta model production until Tuesday amid the ongoing natural gas shortage.

Sat, 20 Feb 2021 17:50:28 GMT

Valentino faces $207M sue for shutting store

Valentino faced $207.1M sue by its ex-American flagship's landlord located on Manhattan for illegally breaking its lease, leaving the boutique in disrepair.

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