News

Sun, 06 May 2018 09:00:37 GMT

Lebanon holds first general election in almost decade

The citizens of Lebanon went to polling stations on Sunday to participate in first general election in nine years that might trigger positive changes for the country's economy that has one of the highest debt-to-GDP ratios in the world.

Sun, 06 May 2018 08:16:00 GMT

Alejandro Agag makes €600M offer for Formula E

Alejandro Agag, the founder and the CEO of Formula E, made a €600M proposal to take full control of the company by buying all its shares, the all-electric series reported.

Sun, 06 May 2018 07:58:37 GMT

Qatar takes nearly 19% stake in Russia's Rosneft

Qatar has stepped in to rescue Rosneft's stalled sale of its major stake to the Chinese conglomerate CEFC by taking a nearly 19% stake in Russia's oil giant.

Sun, 06 May 2018 07:35:38 GMT

Restaurant operator AmRest seeks listing in Spain

The food chain operator AmRest is planning to sell its shares on Spain's stock market, after the company moved its HQs to Madrid in March.

Sun, 06 May 2018 07:31:54 GMT

Sports Direct sues House of Fraser over business plan

The British House of Fraser's minority shareholder Sports Direct filed a suit against the department store chain, as it seeks to access its business plan, following an announcement of House of Fraser's major restructuring.

Sun, 06 May 2018 06:29:10 GMT

Saudi Aramco awards $7B worth deals to 16 local companies

Saudi Aramco stated that the company awarded 16 local firms deals worth more that $6.93B within a plan to expand industrial base and produce a larger share of products locally.

Sun, 06 May 2018 06:27:02 GMT

UK Johnson to meet US VP Pence to discuss North Korea, Iran

Britain's Foreign Minister Boris Johnson is expected to visit the US for two days and meet the country's Vice President Mike Pence to discuss North Korea, Iran and other issues.

Sun, 06 May 2018 05:25:52 GMT

PBoC launches settlement, cleaning mechanism of CNY in Pakistan

The People's Bank of China launched its settlement and clearing mechanism of the Chinese Yuan in Pakistan for investment activities, bilateral trade, imports and exports.

Sun, 06 May 2018 05:25:07 GMT

Morocco's forex reserves at $24.5B in April

The Central Bank of Morocco stated that is foreign exchange reserves stood at $24.5B by April end, falling 5% year-over-year.

Sun, 06 May 2018 04:33:28 GMT

France's credit outlook changed to positive by Moody's

The credit outlook of France was lifted from stable to positive by Moody's Investors Service, citing government's concentration on fiscal consolidation and economic reform plans.

Sun, 06 May 2018 04:31:02 GMT

Australia to focus on lower taxes for companies, workers

Australia's government is set to put full attention on plans to diminish taxes and provide relief for below-middle income earners, when it outlines yearly budget next week.

Sat, 05 May 2018 20:16:50 GMT

Merkel gives pro-women speech to CDU

The German Chancellor Angela Merkel said on Saturday that Christian Democrats (CDU) must attract more women to the party if it wants to survive.

Sat, 05 May 2018 20:11:03 GMT

IMF notes that Egypt must deepen reforms

The International Monetary Fund (IMF) stated on Saturday that Egypt needs to conduct more reforms and facilitate private sector growth in order to be part of global expansion that in nearest future might end.

Sat, 05 May 2018 19:07:35 GMT

Air France-KLM to hold meeting on May 15

The board of Air France-KLM will gather on May 15 to discuss management transition plan that needs to be adopted because of resignation of the company's CEO Jean-Marc Janaillac.

Sat, 05 May 2018 19:07:28 GMT

Buffet says US and China will act reasonably

The CEO of Berkshire Hathaway Warren Buffet said on Saturday that the United States and China will not act extremely foolishly in defence of their trade interests.

Sat, 05 May 2018 17:52:10 GMT

Gun start ups rise around the US

Due to large corporations shunning firearms inventors and firearm upgrade creators, most of them have created their own start-ups.

Sat, 05 May 2018 17:50:57 GMT

Netanyahu will meet Putin on Wednesday

It was announced on Saturday that the Prime Minister of Israel will meet with the President of Russian Federation on Wednesday.

Sat, 05 May 2018 16:51:45 GMT

Berkshire regrets GE investment

The heads of the Berkshire Hathaway fund on Saturday revealed that the fund should have pushed for better terms when buying General Electric in 2008.

Sat, 05 May 2018 16:50:47 GMT

Buffet approves of Wells Fargo

The Oracle of Omaha on Saturday stated that he sees no problems with the Wells Fargo business and that the CEO will fix previous mistakes.

Sat, 05 May 2018 15:55:24 GMT

Germans unveil controversial statue

On Saturday, the global media was shocked that a new monument of Karl Marx was revealed in the city of Trier in Germany.

Sat, 05 May 2018 15:53:18 GMT

Buffet and Munger host QA session

The heads of the Berkshire Hathaway Warren Buffet and Charlie Munger on Saturday were hosting a five hour question and answer session.

Sat, 05 May 2018 15:00:21 GMT

Iranian tanker disaster ends in a split

The committee, which investigated the collision between Chinese and Iranian freighters, has concluded that both ships are to blame for the disaster.

Sat, 05 May 2018 14:59:03 GMT

US re-establishes the Second Fleet

The Navy of the United States is re-establishing its Second Fleet, which will be once more responsible for the north of the Atlantic.

Sat, 05 May 2018 13:58:38 GMT

Russian police detain opposition leader

The leader of the Russian opposition Alexei Navalny and other members of the anti-Kremlin movement were detained on Saturday.

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