News

Tue, 12 Sep 2017 06:25:22 GMT

China's Premier says structural reforms still needed to support global growth

The Chinese Premier Li Keqiang noted on Tuesday that the global economy was showing some signs of improvement; however, structural reforms were still needed to support sustainable growth.

Tue, 12 Sep 2017 06:19:54 GMT

Galaxy Note 8 pre-orders hit record high among Note series

Samsung Electronics Co Ltd said on Tuesday that pre-orders of its latest model Galaxy Note 8 had reached around 650 000 - the highest number for the whole Note series.

Tue, 12 Sep 2017 05:16:36 GMT

Human Rights Watch condemns Saudis actions in Yemen

On Tuesday, the Human Rights Watch Middle East director Sarah Leah Whitson said that air strikes conducted by the Saudi-led coalition should be classified as war crimes.

Tue, 12 Sep 2017 05:16:29 GMT

SoFi's CEO to resign

On Tuesday, the US financial services provider Social Finance Inc. (SoFi) announced that its co-founder and CEO Mike Cagney would resign from his post amid an ongoing investigation of sexual harassment within the company.

Tue, 12 Sep 2017 04:11:33 GMT

Oil price plunges to $53.79

Oil prices decreased by 5 cents on Tuesday, reaching $53.79 a barrel, as the US refineries started to gradually recover after two deadly hurricanes.

Tue, 12 Sep 2017 04:11:27 GMT

Shinzo Abe's approval reaches 50%

According to a poll result announced on Tuesday, the Japanese Prime Minister Shinzo Abe's approval rating again became 50% amid growing tensions with North Korea.

Tue, 12 Sep 2017 03:16:18 GMT

Macron to visit territories struck by Irma

The French President Emmanuel Macron is expected to visit French Caribbean islands, which were hardly hit by hurricane Irma, his office announced.

Tue, 12 Sep 2017 03:16:03 GMT

Britain, Sweden seeks UN meeting on Myanmar

The UK and Sweden required a closed-door UN Security Council meeting on the situation in Rakhine state of Myanmar, diplomats stated.

Tue, 12 Sep 2017 02:07:13 GMT

Germany bolsters EU reform on digital business taxes

Germany supported a radical EU reform on taxation in the digital economy, which targets corporate revenues instead of profit as a basis.

Tue, 12 Sep 2017 02:04:51 GMT

UK looks for security cooperation with EU after Brexit

The UK aims to have closer defence partnership with the EU after Brexit than other nations outside the bloc, according to a document.

Mon, 11 Sep 2017 20:08:29 GMT

Apple to launch iPhone 8 on Tuesday

Apple Inc will launch iPhone 8 on Tuesday with the price tag reaching $1,000, expecting China to become the leader consumer, overpassing the estimated sales in the US.

Mon, 11 Sep 2017 20:03:36 GMT

Vodafone to invest $2.4B in fibre connections

Vodafone would invest $2.4B in ultra fast fibre broadband connections to German businesses and homes, challenging the main rival Deutsche Telekom.

Mon, 11 Sep 2017 19:51:25 GMT

S&P 500 trades near record high on Monday

The S&P 500 was trading near its record high on Monday, as fears of Hurricane Irma and North Korea's missile tests had receded.

Mon, 11 Sep 2017 19:50:55 GMT

Number of lawsuits against Equifax increases

More than 24 lawsuits had been filed against the American credit reporting agency Equifax Inc by Monday, following their claims that a large amount of personal data was stolen.

Mon, 11 Sep 2017 19:12:36 GMT

JBS to sell UK poultry unit for $1B to Piligrim's

Brazilian JBS SA agreed to sell Britain's poultry unit to Pilgrim's Pride Corp for $1B, to overcome the corruption scandal and to protect revenues in more lucrative activities overseas.

Mon, 11 Sep 2017 19:10:33 GMT

EU to compete with global fintech rivals

EU Finance Ministers would discuss the plan on how to engage more fintech companies to compete with global rivals and to balance the loss of main fintech market after Brexit.

Mon, 11 Sep 2017 18:04:04 GMT

6.5 million US homes and businesses lose electricity

According to the US officials, at least 6.5 million homes, businesses and other premises had lost electricity in South Carolina, Florida, Alabama and Georgia amid Hurricane Irma.

Mon, 11 Sep 2017 18:03:14 GMT

VW to invest $24B in electric vehicles

Volkswagen would double its investments to more than $24B into electric vehicle manufacturing, zero-emission cars, and could challenge Tesla by 2030.

Mon, 11 Sep 2017 17:12:01 GMT

Goldman's Cooper plans to retire

According to an internal memo, the Goldman Sachs Group Inc's HR chief Edith Cooper plans to retire from the company by the end of this year.

Mon, 11 Sep 2017 17:05:06 GMT

Finland welcomes Nordea's relocation

On Monday, the Finnish government welcomed Nordea's decision to relocate its headquarters from Sweden, but warned about systemic risks for the state's economy.

Mon, 11 Sep 2017 16:13:32 GMT

18 killed in gun attack in Egypt

On Monday, the Islamic State assumed responsibility for a deadly attack on security convoy near Sinai's Arish, killing not less than 18 policemen.

Mon, 11 Sep 2017 16:05:33 GMT

Mexico earthquake death toll rises to 96

The death toll from the 8.2-magnitude earthquake that hit Mexico on Thursday rose to at least 96, local television reported.

Mon, 11 Sep 2017 15:20:17 GMT

Pope Francis warns on climate change

On Monday, Pope Francis warned that world would "go down" if people will not take action on climate change in due time.

Mon, 11 Sep 2017 15:20:06 GMT

Pakistani PM criticizes US sanctions

On Monday, the Pakistan's Prime Minister Shahid Khaqan Abbasi warned the United States that imposition of sanctions against Pakistani officials or reduction of military assistance would be counter-productive and affect security in the region.

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