News

Tue, 07 Nov 2017 17:15:40 GMT

Over 1.2K accounts frozen in Saudi banks' anti-corruption purge

According to Saudi bankers and lawyers, the kingdom's banks have frozen over 1.2K accounts of individuals and firms in an anti-corruption purge initiated by the government.

Tue, 07 Nov 2017 16:26:57 GMT

Daimler to launch new voice-activated app

Daimler's Chief Digital Officer Sabine Scheunert revealed on Tuesday that the company was planning to introduce a new voice-activated digital assistant "Ask Mercedes".

Tue, 07 Nov 2017 16:26:09 GMT

Global diary prices register third straight fall

The latest GDT auction in New Zealand saw the overall price index falling 3.5%, the third time in a row, following a drop of 1% registered on October 17 and a 2.4% decline on October 3.

Tue, 07 Nov 2017 15:14:25 GMT

State Street CEO to retire by next year's end

The US regional lender State Street announced on Tuesday that the Vice Chairman Ron O'Hanley was set to succeed its CEO Jay Hooley amid his retirement scheduled for the 2018-end.

Tue, 07 Nov 2017 14:51:50 GMT

Most EU citizens seen to remain in UK after Brexit

On Tuesday, the British government stated that the majority of the EU citizens currently living in the country would be allowed to stay in Britain after its withdrawal from the bloc in 2019.

Tue, 07 Nov 2017 14:23:58 GMT

France probes SocGen over anti-corruption law violation

French financial prosecution launched an investigation into the Societe Generale possible breach of anti-corruption laws, requesting the documents on the bank's ties with Libya's Investment Authority.

Tue, 07 Nov 2017 14:14:40 GMT

Tesla acquires automation equipment supplier Perbix

The e-vehicle maker Tesla announced on Tuesday that it would buy its supplier of automated manufacturing equipment Perbix Machine, not disclosing the price of a deal.

Tue, 07 Nov 2017 13:28:53 GMT

France calls EU to curb tax shelter states' international funding

On Tuesday, France called the European Union to cut international funding of countries providing tax shelters, after a huge document leak that showed tax affairs of some famous people.

Tue, 07 Nov 2017 13:16:21 GMT

Ride-hailing apps team up to ban regulation in Brazil

Uber Technologies and other ride-hailing services joined their forces to form an alliance in Brazil to stem a tide of regulation that threatens their way to do business in the rapidly-growing market.

Tue, 07 Nov 2017 12:25:16 GMT

Nokia to trial 5G tech in collaboration with Vodacom

Finland's network equipment producer Nokia has joined Vodacom to trial the 5G technology in South Africa, seeking to provide better data delivery, both firms announced on Tuesday.

Tue, 07 Nov 2017 12:20:23 GMT

Toyota posts outlook for full-year operating profit

Toyota reported on Tuesday it was expecting a jump in its full-year operating profit to $17.4B, driven by a positive currency impact.

Tue, 07 Nov 2017 11:34:55 GMT

Iran urges Europeans to strengthen business ties

On Tuesday, a senior Iranian official urged Europeans to determine how they will react if the United States decides to quite from the Joint Comprehensive Plan of Action and asked them to do more to attract international banks back to the country.

Tue, 07 Nov 2017 11:30:52 GMT

China to buy more US soybeans

According to a US official, Beijing will pledge to purchase more American soybeans during the US President Donald Trump's visit to China this week.

Tue, 07 Nov 2017 10:31:43 GMT

Aeroflot consider ordering Boeing, Airbus jets

Russia's airline carrier Aeroflot is thinking over a "sizeable" order of the Airbus A320neo family and the Boeing 737 MAX narrow-body jets to replace about 200 older aircraft.

Tue, 07 Nov 2017 10:06:09 GMT

Microsoft, India's Ola tie-up over connected car platform

Microsoft has inked collaboration with the Indian ride-hailing firm Ola over intention to build a connected vehicle platform, and aiming to take it to car producers globally.

Tue, 07 Nov 2017 09:19:49 GMT

Broadcom, Qualcomm deal likely to face scrutiny in China

According to an antitrust lawyer, China is seen to closely scrutinise Broadcom merger deal with Qualcomm, on the back of Beijing's strategic push into semiconductors.

Tue, 07 Nov 2017 09:08:15 GMT

Japan to introduce extra sanctions on North Korea

Japan is eager to punish North Korea with additional sanctions, amid continuing threats posed by its nuclear and missile programmes.

Tue, 07 Nov 2017 08:26:39 GMT

Lebanese Hariri arrives in UAE after resignation

On Tuesday, the Lebanon Prime Minister Saad al-Hariri visited the United Arab Emirates for a meeting with the Abu Dhabi Crown Prince, following his resignation in Saudi Arabia.

Tue, 07 Nov 2017 08:16:29 GMT

Lyft's COO to step down by year end

Lyft's Chief Operating Officer Rex Tibbens is eager to quit by this year's end, as the US ride-hailing firm aims to hire an advisory company for its proposed IPO.

Tue, 07 Nov 2017 07:31:45 GMT

Saudi Arabia accuses Lebanon of declaring war

On Monday, Saudi Arabia accused Lebanon of declaring war on it amid aggression by the Iranian-backed Lebanon Shi'ite group Hezbollah.

Tue, 07 Nov 2017 07:27:24 GMT

Egypt's Sisi not to seek third term

The President of Egypt Abdel Fattah al-Sisi stated that he was not eager to stay at his position for a third term, as he did not seek to change constitutional provision of the two-term Presidential limit.

Tue, 07 Nov 2017 06:12:52 GMT

US Navy to start show of force as Trump visits Asia

According to US official, three American aircraft carrier strike groups will hold joint drills with the Japanese destroyer Inazuma in the Western Pacific, as Donald Trump conducts his Asian tour and tries to resolve the North Korean problem.

Tue, 07 Nov 2017 06:12:27 GMT

Indonesia to summon messaging companies

Indonesian authorities said on Tuesday they would summon counsellors of search engines and messaging services to demand to delete indecent content, such as GIF images in the WhatsApp Messenger.

Tue, 07 Nov 2017 05:30:02 GMT

Trump arrives in South Korea

On early Tuesday, the US President Donald Trump arrived in South Korea to discuss with President Moon Jae-in possible resolution of the North Korean crisis.

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