News

Fri, 11 Aug 2017 16:53:53 GMT

US-North Korea tensions take $1T from world stocks

Growing tensions between the US and North Korea have caused $1T damage to world stocks, as investors transfer funds to safe-haven currencies, gold and government bonds.

Fri, 11 Aug 2017 16:53:35 GMT

Dutch students introduce prototype of biodegradable car

Students at the Eindhoven University of Technology in the Netherlands have invented a prototype of a biodegradable car made of sugar beets that can travel up to 80km per hour.

Fri, 11 Aug 2017 16:14:14 GMT

Canada has advantage over US in terms of infrastructure funding, says Larsen

Bjarne Graven Larsen, CIO at Ontario Teachers' Pension Plan, said that Canada had an advantage over the US in terms of attracting infrastructure funding.

Fri, 11 Aug 2017 16:06:59 GMT

Kaplan says Fed should wait for rise in inflation to tighten policy

The President of the Federal Reserve Bank of Dallas Robert Kaplan said that the Fed's interest rate was close to "neutral"; however, evidence of rising inflation was still needed.

Fri, 11 Aug 2017 14:56:23 GMT

Brazilian economy to recover gradually

The economy of Brazil is set to recover in a gradual pace during the next months, as key interest rates would keep falling, the country's Central Bank President stated.

Fri, 11 Aug 2017 14:54:34 GMT

US consumer prices increase less than anticipated in July

The Labour Department reported that the US Consumer Price Index rose modestly 0.1% in July, after being unchanged in the previous month and missing expectations for a 0.2% gain.

Fri, 11 Aug 2017 14:17:02 GMT

Merkel views no military solution to North Korea-US conflict

On Friday, the German Chancellor Angela Merkel stated that she considered military approach as a wrong way to solve the conflict between the United States and North Korea.

Fri, 11 Aug 2017 14:00:13 GMT

Blast hits house in Northern England, injuring one

At least one person was injured in a house blast in the Northern England's city of Sunderland, which was not caused by any militant activity, the police confirmed on Friday.

Fri, 11 Aug 2017 13:34:57 GMT

Snap shares drop as user growth misses expectations

Snap's shares plunged over 11% on Friday after its messaging app Snapchat posted a report on its Q2 daily active user's growth with a drop of 2.2M users, missing analysts' expectations.

Fri, 11 Aug 2017 13:26:39 GMT

Slovenia's Presidential election to take place on October 22

The Slovenian Parliament speaker Milan Brglez announced on Friday that the country's Presidential election will take place on October 22.

Fri, 11 Aug 2017 12:32:55 GMT

Nigerians protest against Shell over benefits' lack in Niger Delta

On Friday, over hundreds of Nigerian people staged out a protest, storming Shell's crude oil station in Niger Delta, demanding infrastructure development, jobs and benefits from oil production.

Fri, 11 Aug 2017 12:21:48 GMT

Ousted Pakistani PM's wife to contest for his seat

The ousted Pakistani PM Nawaz Sharif's wife is willing to contest a special Parliamentary election for her husband's seat that he had to vacate in July, following a disqualification by the Supreme Court.

Fri, 11 Aug 2017 11:06:30 GMT

Brexit opponent finds two top UK ministers sharing his ideas

The senior ex-British minister James Chapman who called for a movement to block Brexit stated on Friday that two top members of the PM Theresa May's government were sympathetic to his plans.

Fri, 11 Aug 2017 11:05:34 GMT

India seeks 40K Rohingya Muslims deportation

India is discussing its plan with Myanmar and Bangladesh to deport about 40K of Rohingya Muslims amid refugees' illegal living in the country.

Fri, 11 Aug 2017 10:15:00 GMT

Demand for Yen increases amid North Korean tensions

Tensions in the Korean Peninsula have increased demand for the Japanese Yen as a safe-haven currency which was trading at an eight-week high against the US Dollar on Friday.

Fri, 11 Aug 2017 09:55:17 GMT

Survey: India's GDP forecast of 6.75-7.5% difficult to reach in 2017

An economic survey by the Indian government showed that the previously-set GDP growth forecast of 6.75-7.5% would be difficult to attain this year due to deflationary pressures.

Fri, 11 Aug 2017 09:14:23 GMT

Turkish police detain 42 suspected insurgents in raids

On Friday, Turkey's police detained 42 suspected militants related to operations across the Elazig and Adana provinces, the media and security forces reported.

Fri, 11 Aug 2017 09:05:43 GMT

Fire at London's Oxford Circus not treated as suspicious

According to the British police, a fire that took place at the underground station of London's Oxford Circus on Friday has not being considered as suspicious.

Fri, 11 Aug 2017 08:26:55 GMT

Google secures approval for new London HQ construction

Google won an approval to build a campus alongside the tech giant's offices in the King Cross district in London late on Thursday.

Fri, 11 Aug 2017 08:16:25 GMT

Malaysian 1MDB pays $350M debt deal to Abu Dhabi

On Friday, the state fund 1MDB stated it had paid $350M to Abu Dhabi's International Petroleum Investment for the debt deal after Abu Dhabi extended its deadline earlier this week.

Fri, 11 Aug 2017 07:02:14 GMT

US economic expansion to continue at least two years more

According to polls, the US may mark its longest economic expansion in over 150 years, if the recovery from 2007-2009 financial crisis takes another two years or more.

Fri, 11 Aug 2017 06:51:45 GMT

Benchmark sues ex-Uber CEO Kalanick to force him off board

The venture capital company Benchmark has filed a suit against the former CEO of Uber Travis Kalanick as it seeks to force him off the ride-services firm's board.

Fri, 11 Aug 2017 06:29:07 GMT

6.6-magnitude shakes Philippines' Luzon island

On Friday, a 6.6-magnitude earthquake hit the Philippine's island of Luzon with jolts felt in the capital of Manila that forced the evacuation of schools and offices; however, no casualties were reported yet.

Fri, 11 Aug 2017 05:13:52 GMT

Google cancels company meeting on fears of online harassment

Google's meeting to elaborate on the fallout of the company's decision to dismiss the employee that posted an anti-diversity memo last week was cancelled due to fears over online harassment.

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