News

Mon, 15 Jan 2018 15:16:48 GMT

BMW optimistic about NAFTA talks outcome

BMW stated on Monday it was optimistic that Washington's renegotiation on NAFTA would result in the most favourable outcome for the German automaker.

Mon, 15 Jan 2018 14:31:25 GMT

German automakers view further US market share rise

According to VDA industry lobby, German carmakers forecast further US market share gains in 2018 driven by new models, despite a slightly falling demand in the car market.

Mon, 15 Jan 2018 14:06:25 GMT

Madrid to rule Catalonia despite ex-leader's re-election

The Spanish PM Mariano Rajoy stated that Madrid would keep ruling Catalonia's regional administration, even if the self-exiled former head Carles Puigdemont was chosen as its President.

Mon, 15 Jan 2018 13:33:53 GMT

Britain aims to cut damage after Carillion's collapse

The UK government is seeking to limit the damage caused by Carillion's collapse on Monday and ensure public services have not been disrupted.

Mon, 15 Jan 2018 13:23:06 GMT

Samsung seeks to double Africa's revenue shares

Samsung Electronics is planning to double its Africa's annual revenue contribution to 20% of the company's global total in the following five years, its business head stated on Monday.

Mon, 15 Jan 2018 11:59:53 GMT

Koreas to hold talks over Olympics on Wednesday

South and North Korea agreed to discuss February's Winter Olympics on Wednesday, January 17, as North seeks its athletes to participate in the games.

Mon, 15 Jan 2018 11:59:40 GMT

Airbus to speed up jet production by 2020

Airbus is planning to beat its rival Boeing by accelerating its jet production in 2020, yet forecasting about 800 aircraft deliveries in 2018.

Mon, 15 Jan 2018 11:20:27 GMT

Auto1: no need for IPO after SoftBank's investment

A German car dealer platform Auto1 said on Monday that there was no need for an IPO after Japan's SoftBank provided it with a $561M financial infusion.

Mon, 15 Jan 2018 11:18:56 GMT

EA19 trade surplus widens to €26.3B in November

According to the data released by Eurostat on Monday, the Euro area trade surplus widened to €26.3B in November compared with the surplus of €23.8 registered a year ago.

Mon, 15 Jan 2018 10:28:46 GMT

UAE claims Qatari fighters intercepted civilian jet

Qatari fighter jets had intercepted a civilian aircraft of the United Arab Emirates during its civilian flight to Bahrain, the state news outlet WAM stated on Monday.

Mon, 15 Jan 2018 10:16:49 GMT

Moscow not to back US bid to modify Iran's nuclear deal

On Monday, Russia's Foreign Minister Sergei Lavrov stated that Moscow would not support Washington's attempts to change the Iran nuclear accord.

Mon, 15 Jan 2018 09:34:04 GMT

Singapore wants to extradite Canada's suspect

Singapore seeks to extradite Canada's suspect David James Roach, who had allegedly stole around $23K from a bank in July 2016, following his detention in Britain last week.

Mon, 15 Jan 2018 09:28:32 GMT

Lego, China's Tencent join hands over online games

Toymaker Lego and China's Internet giant Tencent tied up with intention to jointly develop various online games and a new social network designed for Chinese children.

Mon, 15 Jan 2018 08:30:38 GMT

New Indonesia's Parliament speaker to be sworn in on Monday

On Monday, Bambang Soesatyo will be sworn in as a new speaker of the Indonesian Parliament to replace the previous official, who was involved in a huge graft scandal.

Mon, 15 Jan 2018 08:21:16 GMT

Russia ready to back direct talks on KP crisis

On Monday, Russia's Foreign Minister Sergei Lavrov stated that Moscow was ready to back direct talks between sides involved in the North Korean missile crisis.

Mon, 15 Jan 2018 07:32:10 GMT

Indonesia's Stock Exchange reopens for afternoon session

On Monday, Indonesia's Stock Exchange building was reopened for the afternoon session, following the first floor collapse that injured dozens of people and caused the building evacuation.

Mon, 15 Jan 2018 07:29:05 GMT

North Korea seeks to discuss Olympics with South

North Korea requested talks over the next month's Winter Olympics in South Korea to be held on January 2017, offering the demilitarised zone on the South's side as a meeting point.

Mon, 15 Jan 2018 06:19:21 GMT

Volkswagen car sales hit 6.23M last year

Volkswagen brand car sales jumped to a record high of 6.23M in 2017 on the back of a strong demand in Americas and China, which managed to offset a drop in Western Europe.

Mon, 15 Jan 2018 06:19:15 GMT

Singapore CB's head hopes crypto technologies can survive crash

Ravi Menon, the Managing Director of the Monetary Authority of Singapore, said he hoped that technologies supporting cryptocurrencies would survive an eventual digital money crash.

Mon, 15 Jan 2018 05:21:43 GMT

Trump denies saying he presumably had strong ties with Kim

The US President Donald Trump has denied remarks in a newspaper in which he was quoted as saying he presumably had a "very good relationship" with Kim Jong Un.

Mon, 15 Jan 2018 05:20:47 GMT

Ford to increase investments in EVs

The chairman of Ford said the company was planning to increase its investments in EVs to $11B and have 40 electrified vehicles by 2022.

Mon, 15 Jan 2018 04:29:51 GMT

VW to spend $3.3B on US model expansion by 2020

Volkswagen is likely to spend more than $3.3B on production and development of its new models in the United States from 2018 to 2020 years.

Mon, 15 Jan 2018 04:29:07 GMT

SiftBank plans $18B mobile phone unit IPO

SoftBank Group is set to list the company's mobile phone business to raise $18B, completing transformation into world's technology investor, the Nikkei said.

Mon, 15 Jan 2018 02:50:43 GMT

Japan's M2 money stock rises less-than-expected

Official data released on Monday showed that Japan's M2 money stock rose 3.5% year-over-year last month, missing analysts' expectations for a gain of 4.0%.

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