News

Sun, 09 Dec 2018 12:22:16 GMT

Johnson says Brexit deal should be renegotiated

The former British Foreign Minister Boris Johnson stated on Sunday that even if Theresa May lost vote on Brexit she could keep the post of Prime Minister and renegotiate the deal in Brussels.

Sun, 09 Dec 2018 12:17:35 GMT

China, Hong Kong bourses reach consensus on dual-class shares

The Hong Kong Stock Exchange stated on Sunday that it managed to reach a deal with Shenzhen and Shanghai stock exchanges on mainland investors' trading with Hong Kong-listed enterprises with double voting rights.

Sun, 09 Dec 2018 11:16:16 GMT

Bahrain criticizes Qatar at GCC summit

The Foreign Minister of Bahrain Sheih Khalid bin Ahmed Al Khalifa on Saturday criticised Qatari emir for not attending the Gulf Cooperation Council's (GCC) summit personally.

Sun, 09 Dec 2018 11:13:11 GMT

GCC summit opens in Riyadh

On Sunday, the Gulf Cooperation Council's (GCC) summit started its work in Saudi Arabia's capital Riyadh despite diplomatic crisis with Qatar and political crisis caused by Khashoggi assasination.

Sun, 09 Dec 2018 10:13:23 GMT

Odebrecht signs plea deal with Peru over bribery row

Peruvian unit of the Brazilian builder Odebrecht agreed on a deal with the Peru authorities to pay a fine worth multimillion dollars and provide evidence about bribed officials to continue its operations in the country.

Sun, 09 Dec 2018 10:12:06 GMT

Rheinmetall seeks taking controlling stake in KNDS

Rheinmetall, Germany's tank maker and car supplier, is seeking to acquire a majority stake up to 75% in the Franco-German firm KNDS, according to a Welt am Sonntag article.

Sun, 09 Dec 2018 04:51:11 GMT

China's police to shut down more than 1K social media profiles

China's police stated that it has closed 1.1K social media accounts and 31 websites in 2018 for unlawful activities, including blackmailing or trolling.

Sun, 09 Dec 2018 04:50:37 GMT

UK May expected to delay vote on Brexit, demand better terms

Theresa May, the UK Prime Minister, is expected to delay the parliamentary vote on Tuesday over her Brexit deal and head to Brussels later to demand better terms from the EU.

Sun, 09 Dec 2018 04:06:20 GMT

China-US trade surplus widens in November

The Chinese trade surplus with the US widened to $35.55B in the month of November, compared with $31.78B in October, China's customs data revealed.

Sun, 09 Dec 2018 04:05:27 GMT

Continental considers software takeovers after IPO of Powertrain

Germany's car parts maker Continental was considering an acquisition of software makers after its Powertrain unit's floatation expected in the H2 of 2019.

Sun, 09 Dec 2018 01:47:31 GMT

BMW names new autonomous driving development head

BMW stated that Alejandro Vukotich is set to be the head of the company's autonomous driving development and driver assistance department from the beginning of 2019.

Sun, 09 Dec 2018 01:46:12 GMT

IMF approves credit facility for Angola

The International Monetary Fund stated that the board approved a credit facility of $3.7B for Angola to support its economic reforms.

Sat, 08 Dec 2018 21:36:33 GMT

Russia's Sistema might consider cutting dividends at MTS unit

According to Interfax, the Russian conglomerate Sistema could think over cutting dividends at the MTS unit, in case it needs funds for covering a potential fallout from the US inquiry into the mobile phone operator's Uzbek business.

Sat, 08 Dec 2018 21:31:14 GMT

Britain's O2 to pay out compensation to customers after software glitch

Britain's mobile operator O2 is planning to compensate its clients with phone credit, after software outage led to the loss of internet connection on its users' phones on Thursday.

Sat, 08 Dec 2018 20:37:14 GMT

Nissan to pass information on Ghosn's investigation to Renault

The senior Vice-President of Nissan Motor claimed that his company is considering the request of its French partner Renault and is planning to share the details of investigation regarding the arrest of Nissan Motor's manager Carlos Ghosn.

Sat, 08 Dec 2018 20:32:30 GMT

Canadian prosecutors: Huawei CFO Meng avoided US travel

On Saturday, the prosecutors of Canada claimed that the Chief Financial Officer of Huawei Meng Wanzhou has been avoiding traveling to the US since the spring 2017 after detecting an investigation on her. 

Sat, 08 Dec 2018 19:34:28 GMT

US Staff Chief to leave his post at 2018-end

On Saturday, the US President Donald Trump announced that John Kelly, White House's Chief of Staff, would leave his position at this year's end.

Sat, 08 Dec 2018 19:30:54 GMT

Julius Baer, Santander hold talks over Venezuela business

Julius Baer, the Swiss private bank, has entered talks with Banco Santander over transferring its Venezuela business book to the Spanish bank amid reorganisation of Baer's operations in Latin America.

Sat, 08 Dec 2018 18:28:36 GMT

Continental plans software takeovers after 2019 Powertrain IPO

Germany's car parts producer Continental is thinking over acquisitions of software makers after its Powertrain unit initial public offering, scheduled for the next year's second half, the company's CEO Wolfgang Schaefer announced on Saturday.

Sat, 08 Dec 2018 18:23:16 GMT

EU's JSW to increase output via acquisitions

JSW, the European biggest coking coal producer, is seeking to raise its output by 2.5M-3M tonnes a year by acquisitions, which is far more than its current strategy to increase production growth to 18M tonnes by 2030.

Sat, 08 Dec 2018 17:01:42 GMT

Merkel's protege fights to unite CDU

The new leader of the German Christian Democrat party Annegret Kramp-Karrenbauer on Saturday attempted to bind the party together by promoting a rival.

Sat, 08 Dec 2018 17:01:33 GMT

Iran's Rouhani comments on sanctions

During the weekend the President of Iran made another statement in regards to the US sanctions on Iran. Namely, the President announced that a deluge of refugees, attacks and drugs is bound for the West unless the sanctions are cancelled.

Sat, 08 Dec 2018 16:19:18 GMT

Houthis call for a neutral port in Yemen

A top negotiator of the Iran aligned Houthi group in Yemen announced that the main port of the country should be made into a neutral zone under the supervision of the UN.

Sat, 08 Dec 2018 16:19:09 GMT

Theresa May's ally floats Brexit Plan B

On Saturday, the Work and Pensions Secretary of the United Kingdom Amber Rudd floated the Brexit Plan B, which has been developed by Theresa May's cabinet.

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