News

Tue, 25 Jul 2017 17:09:34 GMT

GM reports higher profits, pledges to cut inventory

General Motors reported stronger-than-expected net profit in the Q2 and promised to diminish production in the second half of 2017, aiming to curtail its inventory of unsold cars.

Tue, 25 Jul 2017 17:08:39 GMT

US consumer morale improves surprisingly in July

The Conference Board reported that its Consumer Confidence Index surged to 121.1 in July, hitting the highest level in 16 years, despite forecasts for a decline to 116.5 points.

Tue, 25 Jul 2017 15:53:27 GMT

IMF wants ECB to maintain stimulus

The International Monetary Fund called the European Central Bank to keep its accommodative monetary policy for a longer period, as inflation is set to remain below its target.

Tue, 25 Jul 2017 15:53:18 GMT

Trump praises progress on trade deal with UK, criticises EU

Donald Trump praised ongoing efforts on a post-Brexit trade agreement with Britain, while sharply criticised the EU trade relationship with the US.

Tue, 25 Jul 2017 15:13:58 GMT

German business confidence rises unexpectedly in July

The Ifo Institute for Economic Research showed that its Business Climate Index climbed to 116.0 points in July, beating analysts' expectations for a decline to 114.9.

Tue, 25 Jul 2017 15:13:08 GMT

World Bank urges Indonesia to rise investment in infrastructure

The government of Indonesia would need to double its spending on infrastructure to $500B in the next five years, the World Bank's top official said.

Tue, 25 Jul 2017 14:14:26 GMT

Daimler to hold supervisory board meeting over cartel issue

Daimler is eager to hold a supervisory board meeting on Wednesday over allegations regarding a cartel in the German car industry.

Tue, 25 Jul 2017 14:09:07 GMT

Ex-Trump campaign head to speak with Senate investigators

According to the NBC News, the former chief of the Donald Trump campaign Paul Manafort will talk to the Senate investigators in two days regarding the June 2016 meeting at the Trump Tower in New York.

Tue, 25 Jul 2017 13:31:27 GMT

BMW to produce Mini electric version at Oxford plant

BMW announced on Tuesday it had selected its Oxford factory as the location to construct an electric version of Mini, starting from 2019.

Tue, 25 Jul 2017 13:14:11 GMT

Davis calls UK courts to protect EU citizens' rights after Brexit

On Tuesday, the Brexit Minister David Davis urged British courts to protect the rights of the Europeans living in the UK after the country leaves the bloc.

Tue, 25 Jul 2017 12:31:54 GMT

UK jails man for life over beating child to death

On Tuesday, a London citizen Marvyn Iheanacho got a life imprisonment for beating his girlfriend's five-year-old child to death after a little boy had lost his shoe in a British park.

Tue, 25 Jul 2017 12:25:34 GMT

Uber, AXA join hands in over drivers' accident cover

Uber tied up with an insurance company AXA over an accident cover for the ride-hailing service drivers in France after facing a criticism on their treatment.

Tue, 25 Jul 2017 10:54:13 GMT

DuPont reports 15.5% drop in Q2 profit

Chemicals and seeds firm DuPont that is merging with Dow Chemical posted a 15.5% fall in its Q2 profit on higher costs.

Tue, 25 Jul 2017 10:54:02 GMT

Australian minister resigns amid dual citizenship

Australia's minister Matthew Canavan was forced to resign on Tuesday as he turned out to have a dual Australian-Italian citizenship, which made him ineligible for the Parliament.

Tue, 25 Jul 2017 10:13:20 GMT

Turkey is about to close defense contract with Russia

The Turkish President Recep Tayyip Erdogan stated on Tuesday that his country has signed a contract with Russia to purchase the S-400 missile system.

Tue, 25 Jul 2017 10:12:46 GMT

Polish President signs controversial law

On Tuesday, the Polish President Andrzej Duda signed a law giving the minister of justice the right to appoint or dismiss judges of the lower courts.

Tue, 25 Jul 2017 09:34:32 GMT

Seven die in car blast in Egypt's Sinai on Tuesday

At least seven civilians died after a car bomb blasted at the Egypt's North Sinai security checkpoint, the country's military reported.

Tue, 25 Jul 2017 09:09:08 GMT

MK to clinch $1.2B acquisition deal with Jimmy Choo

The US retailer Michael Kors agreed to acquire the luxury shoemaker Jimmy Choo in a deal worth $1.2B after the company listed itself for sale, while Michael Kors had been struggling with plunging same-store sales.

Tue, 25 Jul 2017 08:28:15 GMT

Turkey's Erdogan unable to resolve Gulf crisis

The President of Turkey Tayyip Erdogan did not managed to make any progress in his attempts to resolve the Gulf crisis after two days visit to the Arab states for talks.

Tue, 25 Jul 2017 08:13:21 GMT

Israel to replace mosque metal detectors with smart surveillance

On Tuesday, Israel decided to replace metal detectors at the Jerusalem holy site with a smart surveillance facility after gate installations triggered the bloodiest clashes between Palestinians and Israelis in years.

Tue, 25 Jul 2017 07:34:10 GMT

US House likely to approve Russia sanctions legislature

On Tuesday, the US House of Representatives is scheduled to vote overwhelmingly for a proposed bill to impose new sanctions on Russia, North Korea and Iran.

Tue, 25 Jul 2017 07:21:54 GMT

Molina Healthcare to phase out around 1.4K jobs

A health insurer Molina Healthcare is planning to cut back about 1.4K job positions in the following months amid its Q4 loss report related to the ex-leader Barack Obama's healthcare law.

Tue, 25 Jul 2017 06:21:54 GMT

VW diesel vehicles lacking refit to lose registration

Germany is seeking to revoke registration of any diesel vehicle that was affected by the emissions scandal and refused to update its engine software.

Tue, 25 Jul 2017 06:11:53 GMT

US judge halts deportation of over 1.4K Iraqi nationals

On Monday, a deportation of over 1.4K of the Iraqi nationals from the United States was halted by the Michigan Federal Judge, providing detainees with time to challenge their removal in the country's federal courts.

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