News

Tue, 02 Jan 2018 03:03:20 GMT

Hyundai, Kia flag modest rise of sales in 2018

South Korean auto manufacturers Kia Motors and Hyundai Motor set a 7.55M total sales goal for 2018, a likely modest enhancement on the prior year.

Tue, 02 Jan 2018 03:02:34 GMT

China's factory growth at four-month high in December

Chinese manufacturing sector's growth reached a four-month high in the month of December, as factories increased production to meet a rise in new orders.

Mon, 01 Jan 2018 21:04:09 GMT

Republicans vote for national debt expansion, 2018 budget restraint

The head of the conservative Republican faction in the US Congress has urged the budget restraint in 2018, after voting for the major expansion of the national debt to pay for tax cuts.

Mon, 01 Jan 2018 21:03:24 GMT

Croatia to post first general budget surplus for last year

According to Croatian Finance Minister Maric, the country will likely post the first general budget surplus in 2017, while the government had predicted a deficit of 0.6% of GDP.

Mon, 01 Jan 2018 20:03:43 GMT

Aviation Safety Group, To70 call 2017 "safest year"

Airlines have recorded zero accident deaths in the commercial passenger jets in 2017, making it the safest year, the Aviation Safety Network and Dutch consulting company To70 said.

Mon, 01 Jan 2018 20:02:16 GMT

Huge blaze destroys up to 1,400 vehicles in Liverpool car park

According to the emergency service, approximately 1,400 vehicles were damaged by fire in the multi-story blaze in a car park on the Liverpool's waterfront.

Mon, 01 Jan 2018 19:06:28 GMT

Syrian President appoints three new ministers

According to the state television, Syria's President al-Assad has issued a decree, where he named new Information, Defence and Industry Ministers.

Mon, 01 Jan 2018 19:05:37 GMT

All US states to use new public network: AT&T

All the US states have agreed to participate in the nationwide network the company is building for the first responders, as a part of the $6.5B worth government contract, AT&T said.

Mon, 01 Jan 2018 18:22:51 GMT

Russian bank to finance development projects in Iran

Iran is set to use funds from Russia's Eximbank to implement infrastructure projects, as a part of an agreement to pave the way for Russian banks to finance projects in the country.

Mon, 01 Jan 2018 18:22:13 GMT

Strom Carmen cuts power in western France

Power grid firm Enedis stated that winter storm Carmen cut power to nearly 65K houses in the west of France, continuing to move south, while 1,5K of staff were mobilised to restore power lines.

Mon, 01 Jan 2018 17:20:43 GMT

South Korea's export hit yearly high in 2017

South Korean export reached its historical high of $573.9B over the course of 2017, owing to solid demand for the main export items, a government data showed.

Mon, 01 Jan 2018 17:19:27 GMT

Saudis raise power, gasoline tariffs, impose new tax

Saudi Arabia raised electricity tariff, gasoline prices and activated the VAT, as a part of a revamp of the country's economy structure to become less dependent on its oil revenues.

Mon, 01 Jan 2018 16:29:47 GMT

US Pence trip to Israel delayed again

The Foreign Ministry of Israel stated that an anticipated visit by Mike Pence, the US Vice President, was postponed again, with the official reason of the tax vote.

Mon, 01 Jan 2018 16:29:10 GMT

Venezuela increases minimum wage 40%

Nicolas Maduro, the President of Venezuela, announced a 40% raise to the minimum wage, which would foment hyperinflation in the rich of oil, but crisis-stricken country.

Mon, 01 Jan 2018 15:07:29 GMT

Israel's minister supports Iranian protestors

The Israeli Intelligence Minister expressed encouragement for Iranian anti-government protesters, adding that Israel's policy was not supposed to get involved in the internal affairs of Tehran.

Mon, 01 Jan 2018 15:06:41 GMT

Merkel's allies seek to cut corporate tax

German Bavarian conservatives were pressing for the corporate tax cuts after reunification to assist poorer Eastern states that could complicate talks on forming the new government.

Mon, 01 Jan 2018 14:24:50 GMT

Gambling revenues in Macau jump first time since 2014

Gambling revenues in Macau rose for the first time since 2014, as the high-end appetite for gambling of punters recovered after the protracted government campaign against shows of wealth.

Mon, 01 Jan 2018 14:23:37 GMT

Compass new CEO begins tenure on January 1

According to Compass Group, the company's incoming CEO Blakemore will begin the tenure three months earlier than expected amid the death of the outgoing CEO Cousins.

Sun, 31 Dec 2017 14:21:16 GMT

French President to meet Turkey's counterpart in Paris

The President of France Emmanuel Macron is likely to meet Turkey's Recep Tayyip Erdogan in Paris next week to discuss the Mideast issues and bilateral relations.

Sun, 31 Dec 2017 14:20:25 GMT

Britain's May plans reorganisation of Cabinet next year

The UK Prime Minister Theresa May was planning to implement major changes to Cabinet in 2018, with likely sacking up to a quarter of ministers, the Sunday Times reported.

Sun, 31 Dec 2017 13:33:19 GMT

Bombardier to secure $1.1B order from EgyptAir

Canada-based plane producer Bombardier announced that it sold 12 CS300 jets to EgyptAir in a $1.1B worth deal.

Sun, 31 Dec 2017 13:32:22 GMT

Arabtec awarded $279 project deal from Dubai Properties

Arabtec Construction announced that it won a $279M contract from Dubai Properties, which involves construction works including villas and townhouses.

Sun, 31 Dec 2017 12:16:31 GMT

Subaru, Suzuki to join EV development activity

Subaru and Suzuki Motor decided to join an EV development activity launched earlier by Toyota and Mazda Motor, according to sources familiar with the matter.

Sun, 31 Dec 2017 12:15:43 GMT

Middle East funds to strengthen equities positions

Mideast fund managers planned to spur equity holdings, following a weak year, when the area underperformed emerging markets due to modest economic growth, a Reuters poll revealed.

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