News

Sat, 22 Dec 2018 04:44:26 GMT

Salary of incoming Campbell Soup CEO is revealed

Representatives of Campbell Soup Company on Friday revealed that the incoming CEO Mark Clouse will be paid $7.4 million annually.

Sat, 22 Dec 2018 04:43:54 GMT

US government enters shutdown state

On Saturday, as Friday ended, the US government entered a shutdown state due to not agreeing on issuing additional financing for border control.

Sat, 22 Dec 2018 03:53:27 GMT

Stocks continue to decline on Friday

The week's trading was ended with various stock indices plummeting by as much as two percent. During the decline several of the benchmarks confirmed the notion that equity markets have entered a bear phase.

Sat, 22 Dec 2018 03:52:54 GMT

Nasdaq confirms bear market

By the end of Friday's trading session Nasdaq officials announced that their stock exchange has officially entered a bear market.

Sat, 22 Dec 2018 03:37:11 GMT

Gatwick airport reopens on Friday

London's Gatwick airport reopened late on Friday, as a saboteur, which caused a 36 hour traffic stop by flying a drone over the airport territory, was caught.

Sat, 22 Dec 2018 03:36:41 GMT

JD.com CEO will not face charges in Minnesota

It was revealed on Friday by US authorities that the CEO of JD.com will not face charges in the Minnesota after a student of University of Minnesota had falsely accused the billionaire of rape.

Fri, 21 Dec 2018 21:02:34 GMT

Williamson says Black Sea does not belong to Russia

On Friday, UK's Defense Minister Gavin Williamson said that the Black Sea does not belong to Russia and that the United Kingdom has sent the Royal Navy ship to the region.

Fri, 21 Dec 2018 21:02:25 GMT

UN Security Council approves Yemen peace monitors

On Friday, the UN Security Council unanimously voted to authorise the deployment of advance UN team to monitors a ceasefire, agreed by the warring parties in Yemen's Hodeidah region.

Fri, 21 Dec 2018 20:07:14 GMT

UN to vote on deployment of peace monitors to Yemen

On Friday, the UN Security Council is set to vote to authorise an advance United Nations team to monitor a ceasefire, agreed by all parties in Yemen's Hodeidah region.

Fri, 21 Dec 2018 20:06:26 GMT

German court fines Deutsche Boerse 10.5M euros in insider trading case

On Friday, a German court issued fines of 10.5 million euros to Deutsche Boerse, over allegations of an insider trading case against the company's former CEO Carsten Kengeter.

Fri, 21 Dec 2018 19:16:35 GMT

Global stock markets decline on Friday

On Friday, world stock indexes continued its sell-off, as concerns over rising US borrowing costs and a US government shutdown weighed heavily on the market.

Fri, 21 Dec 2018 19:14:28 GMT

Wall Street declines, as S&P 500 reaches sixteen-month low

Wall Street edged lower on Friday, led by a decline in technology stocks and other high growth sectors, as S&P 500 hit a sixteen-month low level.

Fri, 21 Dec 2018 18:17:27 GMT

Republican senators meet with Trump to thrash out border wall funding

On Friday, the US President Donald Trump met with Republican senators to discuss plans on how to fund his border wall.

Fri, 21 Dec 2018 18:16:41 GMT

European shares close flat on Friday

European shares managed to regain some of its lost points after comments from a Senior US policymaker eased concerns about rising borrowing costs.

Fri, 21 Dec 2018 17:24:33 GMT

Canadian economy reveals momentum in October

The Canadian economy expanded at a stronger-than-expected pace in October, though evidence of expansion heading into the 2018 end is unlikely to be enough to shift the BoC from the sidelines amid the recent drop in oil prices.

Fri, 21 Dec 2018 17:21:57 GMT

Nike shares grow on solid quarterly results

Nike shares rose 9% after the company's strong quarterly report eased worries over escalating trade tensions, which would weigh on China's demand.

Fri, 21 Dec 2018 16:31:50 GMT

US growth trimmed in Q3

The US economy slowed more than anticipated in the Q3, while momentum appeared to have moderated further in the Q4, with shipments of capital goods and new orders declining in November.

Fri, 21 Dec 2018 16:29:25 GMT

EU prolongs sanctions against Russia

The EU formally agreed to prolong economic sanctions against Russia until July 2019, the European Council said.

Fri, 21 Dec 2018 14:47:54 GMT

Kaufland drops Unilever products

The German food retailer Kaufland has stopped selling Unilever products due to a price increase made by the producer.

Fri, 21 Dec 2018 14:47:45 GMT

Amazon's Alexa AI experiment failure is revealed

It was revealed on Friday that the Amazon's Echo speaker's experiment with an AI has failed, as the AI discussed defecation, sex and suggested murder. In addition, a data leak traced to China may have exposed private data.

Fri, 21 Dec 2018 13:45:24 GMT

China will increase economic stimulus

Chinese officials on Friday revealed that China will increase support for the local economy by decreasing taxes and participating in the financial markets.

Fri, 21 Dec 2018 13:17:02 GMT

Stock markets continue to decline

On Friday, stock market indices globally continued to decline. Various financial media blamed various reasons for the decline of stock prices. The reasons ranged from rate hike worries to a US government shutdown.

Fri, 21 Dec 2018 13:12:47 GMT

Online clothing retailers search for size solutions

It has been revealed by various online clothing retailers that at least a third of bought clothing do not fit the consumer. Due to that reason a group of retailers has combined resources to create a new size system.

Fri, 21 Dec 2018 13:12:25 GMT

China National Petroleum Company might drop ties with Iran

Due to concerns over US sanctions on Iran the Chinese National Petroleum Corporation might cease its banking unit's operations with Iran.

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