News

Wed, 22 Nov 2017 12:02:19 GMT

EU Commission: six members may fail to comply with budgeting rules in 2018

Six of EU member countries, including Italy, France and Belgium, might fail to comply with the region's budget deficit rules in 2018, the European Commission said on Wednesday.

Wed, 22 Nov 2017 11:54:06 GMT

EBRD report: new growth models needed to ensure economic growth

The Transition Report 2017-18 released by the EBRD shows that new growth models are needed for its member countries to ensure sustainable economic growth in the future.

Wed, 22 Nov 2017 11:08:45 GMT

India approves membership for EBRD

India has approved the membership for the European Bank for Reconstruction and Development, thus aiming to enhance credibility and advance its economic interests.

Wed, 22 Nov 2017 11:05:43 GMT

EIOPA chief says harmonised insurance guarantees are needed in EU

The chief of the European Insurance and Occupational Authority explained that the EU needed harmonised insurance guarantees that would protect beneficiaries and policyholders.

Wed, 22 Nov 2017 10:20:16 GMT

Mnangagwa set to be sworn in as Zimbabwe's President

The former Vice President of Zimbabwe Emmerson Mnangagwa is set to be sworn in as the country's President on November 24, following Robert Mugabe's resignation after about four decades in power.

Wed, 22 Nov 2017 10:11:41 GMT

CRC offers to buy Banca Carige's consumer credit unit

The US hedge fund CRC offered to acquire Banca Carige's consumer credit unit Creditis, while the bank must accept the bid by Wednesday, closing the sale by December 6.

Wed, 22 Nov 2017 09:04:47 GMT

US imposes sanctions against 13 Asian organisations

The United Stated sanctioned 13 North Korean and Chinese organisations that Washington had accused of evading nuclear restrictions imposed against Pyongyang and supporting it through trade.

Wed, 22 Nov 2017 08:54:51 GMT

Uniper to phase out 2K jobs amid cost-cutting plan

Germany's energy company Uniper is set to cut about 2K jobs, which is 14% of the group's workforce, by the next year's end on the back of its planned cost-cutting programme.

Wed, 22 Nov 2017 08:32:37 GMT

China respects Mugabe's decision to quit

China stated on Wednesday it respected the decision of Robert Mugabe to step down as Zimbabwe's President, after clinging on a week, despite army's takeover.

Wed, 22 Nov 2017 08:22:12 GMT

Hariri attends Independence Day parade in Beirut

On Wednesday, Saad al-Hariri attended the national Independence Day's celebrations in Beirut, following his return to Lebanon, first time since stepping down as Prime Minister.

Wed, 22 Nov 2017 07:32:23 GMT

Ex-China Internet regulator head under inquiry for suspected graft

China launched an investigation to probe the former chief of the country's powerful regulator Lu Wei for suspected graft, after he was caught up in sweeping campaign against corruption.

Wed, 22 Nov 2017 07:21:14 GMT

Uber pays hackers $100K to cover up data breach

Uber Technologies stated on Tuesday that it had paid hackers $100K to cover up a massive breach in 2016 that exposed personal data of around 57M Uber's accounts.

Wed, 22 Nov 2017 06:30:03 GMT

US ITC offers tariffs to curb LG, Samsung washer imports

The US International Trade Commission offered tariffs on Tuesday to keep LG and Samsung from filling the US market with their inexpensive washers.

Wed, 22 Nov 2017 06:22:29 GMT

Singapore expects running autonomous buses from 2022

Singapore forecasts to deploy self-driving buses on the capital city's public roads from 2022, seeking to provide better connectivity, Singapore's Transport Minister stated on Wednesday.

Wed, 22 Nov 2017 05:33:04 GMT

South Dakota's Keystone pipeline to be revoked after spill

On Tuesday, South Dakota's regulators stated that they could renew TransCanada's permit to operate its Keystone crude oil pipeline, if a probe into recent spill found the company had violated the license.

Wed, 22 Nov 2017 05:27:02 GMT

Air China groundlessly ceases Beijing-Pyongyang flights

Air China groundlessly suspended all Beijing-Pyongyang flights due to alleged poor demand on the back of growing sanctions on North Korea amid its nuclear weapon programme.

Wed, 22 Nov 2017 03:52:33 GMT

Salesforce expects weaker-than-anticipated profit in Q4

Salesforce.com projected that the company's profit would miss market expectations in the Q4, hurting shares, even as revenue and profits rose on strong demand for its products.

Wed, 22 Nov 2017 03:52:06 GMT

Uber fails to disclose data breach in 2016

Uber Technologies failed to solve a deal on a massive breach in 2016 that uncovered the data of nearly 57M users of the company's services, CEO Dara Khosrowshahi said.

Wed, 22 Nov 2017 03:20:50 GMT

NAFTA talks stalled as Canada, Mexico fight back on US demands

The US, Canada and Mexico failed to resolve the main differences in the fifth round of negotiations to rebuild the NAFTA trade agreement, where the lack of progress dooms the process.

Wed, 22 Nov 2017 03:18:31 GMT

Apple discloses self-driving vehicles research

Research by Apple scientists on how self-driving vehicles could better spot pedestrians and cyclists with the use of fewer sensors was posted online.

Tue, 21 Nov 2017 19:05:04 GMT

UK FRC wants tougher penalties on "Big Four"

In a report released today, the UK Financial Reporting Council urged to impose tougher penalties on world's leading accounting companies i.e. PwC, KPMG, EY and Deloitte.

Tue, 21 Nov 2017 19:03:54 GMT

Apple removes certain apps in China

On Tuesday, Apple said it had removed several applications from the company's app store in China after the state's government said some of the applications did not comply with the local law.

Tue, 21 Nov 2017 18:02:14 GMT

Mugabe leaves his post

On Tuesday, the 93-year-old Robert Mugabe resigned from his post of the President of Zimbabwe, ending his four-decade rule.

Tue, 21 Nov 2017 18:01:53 GMT

Dollar Tree Q3 net income up $171.6M

The American discount store chain Dollar Tree reported the Q3 net income of $239.9M, or $1.01 a share, which is up $171.6M, or $0.73 per share, from a year ago.

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