News

Sat, 13 Jan 2018 12:18:11 GMT

South Africa seeks foreign investments

The new head of the African National Congress (ANC) Cyril Ramaphosa said on Saturday that South Africa needs open foreign investments and, for this reason, the government is ready to ensure policy certainty.

Sat, 13 Jan 2018 12:12:10 GMT

Iraq confirms commitment to OPEC cuts

The Iraqi Oil Minister Jabar al-Luaibi reported on Saturday that oil production power is near reaching 5M bdp. However, Iraq promises not to exceed the output target under the OPEC agreement to cut supplies.

Sat, 13 Jan 2018 11:14:43 GMT

Egyptian navy opens fire at Palestinian vessel

One person was reported to be killed on late Friday after Egyptian naval vessel opened fire at Palestinian fishing boat near the southern border-town Rafah.

Sat, 13 Jan 2018 11:14:35 GMT

Russia deploys new S-400 division in Crimea

According to local news agencies, the Russian Defence Ministry deployed a division of an anti-aircraft weapon system S-400 on the Crimean Peninsula on Saturday.

Sat, 13 Jan 2018 10:16:47 GMT

Chinese tech giant Tencent issues $5B in bonds

This week Chinese tech heavyweight Tencent Holdings Ltd. sold $5B 5-, 10- and 20-year bonds, its first bond sale since 2015.

Sat, 13 Jan 2018 09:54:02 GMT

Toyota and Mazda receive $700M in incentives for new US plant

The state of Alabama and the city of Huntsville offered Toyota Motor Corp. and Mazda Motor Corp. $700M in incentives to build a $1.6B factory in Northern Alabama.

Sat, 13 Jan 2018 09:15:31 GMT

S&P 500 and Dow Jones show the best start to a year since 2003

On Friday, the S&P 500 and the Dow Jones indexes showed the best start to a year since 2003 as investor optimism on the US economy remained high.

Sat, 13 Jan 2018 08:54:00 GMT

Police arrest British woman on suspicion of terrorism at airport

A female British national was arrested at Heathrow Airport after arriving from the Ethiopia's capital Addis Ababa on suspicion of terrorist act preparation.

Sat, 13 Jan 2018 08:10:56 GMT

Japan shows openness to Belt and Road initiative

The Prime Minister of Japan Shinzo Abe said that Japanese government will respond properly to cooperation programs relevant to China-proposed One Belt and One Road initiative. 

Sat, 13 Jan 2018 07:52:09 GMT

Ride-sharing companies in Saudi Arabia to recruit female drivers

A Dubai-based ride-sharing app Careem and Uber prepare to employ female drivers in Saudi Arabia after King Salman's order to overturn the ban on female driving.

Sat, 13 Jan 2018 07:02:03 GMT

GM seeks US approval to launch fully automated car

According to GM executives, the company was seeking the US approval to launch fully automated self-driving Cruise AV vehicle, without accelerator and brake pedals, next year.

Sat, 13 Jan 2018 07:00:53 GMT

Shares of MoneyGram jump amid partnership with Ripple

Shares of MoneyGram International inched 10.5% higher after the company announced the partnership with Ripple, the blockchain bitcoin rival company.

Sat, 13 Jan 2018 06:06:04 GMT

Raytheon wins $641.8M defence contract: Pentagon

The Raytheon Integrated Defence System has won a contract worth $641.8M to perform Ballistic Missile Defence Systems' tests for the multiple radar platforms, the Pentagon said.

Sat, 13 Jan 2018 06:04:56 GMT

Wells Fargo struggles to recover after sales scandal

Wells Fargo CEO Sloan stated that the company has not fully recovered after a long-running sales scandal, which affected the bank's reputation and prevented efforts to reduce costs.

Sat, 13 Jan 2018 05:02:41 GMT

Costa Rica suspends local airline amid plane crash

The Civil Aviation Agency of Costa Rica has suspended Nature Air, the local airline, only two weeks after one of their planes crashed near a tourist beach, killing 12 people.

Sat, 13 Jan 2018 05:01:53 GMT

Singapore court charges three suspects in oil theft at Shell's refinery

A Singaporean court has charged three more suspects who were involved in large-scale oil heist at the biggest refinery of Shell, a few days after bringing charges against 11 men.

Sat, 13 Jan 2018 04:35:07 GMT

CBS, Viacom not in active talks on merger

CBS and Viacom were not in active negotiations over merger, though Viacom's controlling shareholder had exploratory talks with directors of CBS about the companies' recombining.

Sat, 13 Jan 2018 04:30:36 GMT

US holiday spending at strongest level in 12 years

The US holiday spending surged 5.5%, the strongest gain since 2005, spurred by solid consumer confidence, stronger employment and expectations of higher bonuses and wages after the tax bill.

Sat, 13 Jan 2018 03:33:11 GMT

Fiat recalls 162K minivans due to glitch

Fiat Chrysler stated on Friday that it was recalling 162K 2017 Chrysler Pacifica minivans due to a software glitch that may cause the cars to stall.

Sat, 13 Jan 2018 03:29:47 GMT

Volkswagen agrees to $232M Canada's emission settlement

Volkswagen agreed to a nearly $232M worth settlement with vehicle owners in Canada affected by the company's diesel emissions-cheating scandal.

Fri, 12 Jan 2018 21:24:25 GMT

US Airlines highest on-time rates in 8 years

On Friday the US Department of Transportation claimed that in November US Airlines had the highest rate of on-time arrival since 2009.

Fri, 12 Jan 2018 21:05:11 GMT

Iran says nuclear agreement is not renegotiable

A foreign minister of Iran claimed that the nuclear deal between Iran and major powers is not negotiable and the US had to bring itself into compliance. 

Fri, 12 Jan 2018 20:15:21 GMT

Rolls-Royce seeks $700M from its arm sale

The British jet-engine maker is seeking to raise $700M from selling L'orange, an arm of Rolls-Royce Holdings producing fuel injectors for ships and industrial applications.

Fri, 12 Jan 2018 19:53:15 GMT

Dutch and Spanish deny working on soft Brexit plan

A Dutch Ministry of Finance claimed that Netherlands and Spain have not reached a consensus regarding how Britain should withdraw from the European Union.

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