News

Sat, 18 Nov 2017 05:21:07 GMT

Verizon, NFL close to announcing streaming deal

Media sources reported that Verizon Communications, the largest US wireless telecommunications provider, was close to agreeing a deal with the National Football League on streaming rights.

Sat, 18 Nov 2017 05:16:59 GMT

EU's Tusk mocks UK Brexit Minister

The EU President Donald Tusk mocked the UK Brexit Minister David Davis after he said that it was the European Union's turn to compromise.

Fri, 17 Nov 2017 20:58:16 GMT

Lebanon's Rifi: country to face Arab sanctions over Hezbollah

A senior Lebanese Sunni politician Ashraf Rifi said on Friday the country might face economic repercussions if Hezbollah continues meddling in regional conflicts.

Fri, 17 Nov 2017 20:57:25 GMT

Apple postpones HomePad launch

Apple has postponed the launch of HomePad smart speaker from December this year to early 2018, the company's spokesperson revealed in an e-mail.

Fri, 17 Nov 2017 20:01:57 GMT

Venezuela's Ledezma escapes to Colombia

On Friday, Antonio Ledezma, a veteran Venezuelan opposition leader placed under a house arrest over the alleged 2015 coup plotting, fled to Colombia.

Fri, 17 Nov 2017 20:00:11 GMT

Thousands Siemens employees rally against job cuts

Nearly 2,000 employees of Siemens took to the streets in Germany to protest against the firm's proposal to cut 6.9K jobs, or almost 2% of its workforce. 

Fri, 17 Nov 2017 18:55:26 GMT

White House asks Congress for additional hurricane aid

On Friday, the White House said it had asked the Congress to provide another $44B to address ongoing hurricane recovery efforts.

Fri, 17 Nov 2017 18:53:57 GMT

Mexico and Canada appear more flexible as key NAFTA round starts

Mexico and Canada appeared to be more flexible about addressing US demands previously rejected as unworkable as the key round of NAFTA negotiations kicked off on Friday.

Fri, 17 Nov 2017 18:20:30 GMT

UK to repay $527M debt to Iran

According to the Iranian Ambassador to Britain Hamid Baeedinejad, the UK is set to repay the debt of around $527M it owes to Tehran in the coming days.

Fri, 17 Nov 2017 18:19:11 GMT

Ifo raises forecast for Germany's GDP in 2017

On Friday, the Ifo Institute for Economic Research revised upwards its 2017 growth forecast for Europe's largest economy, expecting Germany's GDP to rise 2.3% over the course of the year.

Fri, 17 Nov 2017 17:05:59 GMT

Fox's shares jump 3% on Friday

Twenty-First Century Fox's shares surged 3% on Friday after some sources reported that Verizon Communications and Comcast showed interest in buying stake in the company.

Fri, 17 Nov 2017 17:03:25 GMT

US housing starts jump in October

US housing starts jumped to a 1.29M annualised rate in October, following the preceding month's 1.14M rate and exceeding expectations for a rise to a 1.25M rate.

Fri, 17 Nov 2017 16:24:37 GMT

US building permits surge last month

The Census Bureau reported that building permits rose to a 1.30M annualised rate in October, up from September's rate of 1.23M, whereas analysts anticipated an increase to a 1.25M rate.

Fri, 17 Nov 2017 16:22:24 GMT

Canadian consumer prices increase in line with forecasts

Statistics Canada reported on Friday that its CPI rose 0.1% in October, following the prior month's increase of 0.2% and meeting analysts' expectations.

Fri, 17 Nov 2017 15:34:28 GMT

Lebanese MEA annuls electronics ban on London's flights

The Lebanon carrier Middle East Airlines lifted a ban on carry-on electronic laptops and other devices on the Beirut-London flights, the airline reported on Friday.

Fri, 17 Nov 2017 15:26:07 GMT

Broadcom completes $5.5B Brocade acquisition

On Friday, Broadcom reported it had completed its $5.5B acquisition of the network gear manufacturer Brocade Communications Systems.

Fri, 17 Nov 2017 14:32:27 GMT

Spotify acquires online recording studio Soundtrap

The music streaming firm Spotify announced on Friday that it had acquired an online audio and music recording studio Soundtrap with providing no details on the price of a deal.

Fri, 17 Nov 2017 14:23:35 GMT

US probes 415K VW cars for airbag issues

The US NHTSA is willing to launch an inquiry into a potential failure of the 415K Volkswagen vehicles' airbags, following the its recall on the same problem in 2015.

Fri, 17 Nov 2017 13:30:10 GMT

J.B. Hunt seeks to buy Tesla's Semi trucks

The trucking firm J.B. Hunt Transport Services placed a reservation for Tesla's Semi trucks purchase, as the truck production is set to begin in 2019.

Fri, 17 Nov 2017 12:46:41 GMT

Hariri's visit to France seen to boost Lebanon stability

According to a top aide of Saad al-Hariri, the ex-Lebanon Prime Minister's visit to Paris for a meeting could boost the country's stability and resolve the crisis.

Fri, 17 Nov 2017 12:01:47 GMT

Japan urges Kobe Steel to improve factory management

The Japanese Transport Ministry ordered Kobe Steel on Friday to improve one of its plants' management, amid the steelmaker struggles to resume confidence in its production.

Fri, 17 Nov 2017 12:01:02 GMT

VW board in talks over $82.5B spending plan

Volkswagen supervisory board is in talks over an $82.5B five-year spending plan, amid intentions to transform the company into the e-vehicle leader.

Fri, 17 Nov 2017 10:48:22 GMT

European shares suffer amid disappointing earnings, downgrades on Friday

European shares are set towards their two-week low on Friday, as sluggish earnings updates and several broker downgrades weighted heavily on regional indexes.

Fri, 17 Nov 2017 10:46:51 GMT

Toyota, Suzuki to offer EVs in India by 2020

Toyota Motor Corporation and Suzuki Motor Corporation planned to jointly introduce electric vehicles to the Indian market around 2020, both companies announced on Friday.

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