News

Mon, 03 Jul 2017 19:07:02 GMT

Danone plans to sell Stonyfield for $875M

In a statement released on Monday, the Danone revealed its decision to sell the American organic yogurt maker Stonyfield to the French dairy group Lactalis for $875M. 

Mon, 03 Jul 2017 18:11:12 GMT

Four Barclays ex-executives face fraud allegations

On Monday, four former senior Barclays executives appeared in London's court, facing fraud allegations commited during company's £12B fundraising in the midst of the financial crisis in 2008.

Mon, 03 Jul 2017 18:10:00 GMT

Turkey criticizes Greek coastguard's actions

In a statement released on Monday, the Turkey Ministry of Foreign Affairs described actions of the Greek coastguard as "disproportionate" and violating fundamental human rights.

Mon, 03 Jul 2017 16:57:44 GMT

Trump to speak with EU officials

US President Donald Trump is expected to speak with Italian, German and French officials ahead of the G20 summit, showing different view on trade, climate change and immigration.

Mon, 03 Jul 2017 16:56:42 GMT

BoE to correct weaknesses in banks' credit deals

The Bank of England is set to announce measures to correct weaknesses found in how banks doled out credits to customers in a quickly expanding pace.

Mon, 03 Jul 2017 16:07:21 GMT

US construction spending flat in May

The Commerce Department reported that US construction spending was unchanged in May, following an upwardly revised drop of 0.7% in April.

Mon, 03 Jul 2017 16:05:27 GMT

Merkel's conservatives pledge to reach full employment

Angela Merkel's conservative party promised Germany an increase in police, homes and to achieve full employment by 2025, presenting their campaign for September's elections.

Mon, 03 Jul 2017 15:25:16 GMT

Putin to talk about Ukraine with Macron and Merkel

Vladimir Putin, the Russian President, is set to discuss the crisis in Ukraine with Germany's Angela Merkel and France's Emmanuel Macron during this week's G20 summit.

Mon, 03 Jul 2017 15:24:21 GMT

Germany and France promise to help Italy on migrants

Germany and France pledged to help Italy in reducing the flow of migrants arriving from Africa by providing funding for coastguard in Libya and relocating refugees more swiftly.

Mon, 03 Jul 2017 14:11:47 GMT

US manufacturing activity rebounds markedly last month

The ISM reported on Monday that its PMI for the US manufacturing sector came in at 54.3 in June, up from the preceding month's 54.9, while analysts anticipated a slight increase to 55.0.

Mon, 03 Jul 2017 13:59:12 GMT

Markit Euro zone Manufacturing PMI comes in at 57.4

Markit reported that manufacturing activity in the 19-country bloc rose to 57.4 in June, following the prior month's 57.0 and surpassing the flash estimate of 57.3.

Mon, 03 Jul 2017 13:21:39 GMT

Euro zone unemployment rate holds steady in May

Eurostat reported that the jobless rate in the 19-country bloc remained unchanged at 9.3% in May, meeting analysts' expectations.

Mon, 03 Jul 2017 13:19:20 GMT

British manufacturing activity falls to 54.3 in June

Markit reported on Monday that its PMI for the UK manufacturing sector came in at 54.3 last month, down from May's donwardly revised 56.3 and falling behind expectations for 56.4 points.

Mon, 03 Jul 2017 11:52:22 GMT

Saudi King Salman not to attend G20 summit

According to Germany's government spokesman, the King of Saudi Arabia Salman bin Abdulaziz is not eager to attend the G20 summit in Hamburg on July 7-8.

Mon, 03 Jul 2017 11:51:45 GMT

PM Abe aims to regain public trust after poll failure

Japan's PM Shinzo Abe stated on Monday that he would try to regain public's trust after his Liberal Democratic Party suffered a devastating defeat in the election.

Mon, 03 Jul 2017 11:01:06 GMT

Maersk recovers its major IT systems after cyber attack

The Danish shopping giant Maersk managed to restore its major applications and bring the IT systems back online after a cyber attack hit the company last week.

Mon, 03 Jul 2017 11:00:30 GMT

Gulf states extend deadline for Doha to accept demands

The four Arab Gulf states decided to extend a deadline for Qatar to comply with the demands until Tuesday's night, which Doha previously rejected amid high severity.

Mon, 03 Jul 2017 09:58:45 GMT

UK manufacturing activity dissapoints in June

The Markit/CIPS UK Manufacturing Purchasing Managers' Index decreased to a three-month low of 54.3 in June, resulting from weak exports and increased business uncertainty.

Mon, 03 Jul 2017 09:57:42 GMT

Manufacturing PMI in Euro zone rises to 57.4 in June

IHS Markit's Manufacturing Purchasing Managers' Index for the Euro zone increased to 57.4 in June, thus showing the fastest growth rate in six years in the first half of 2017.

Mon, 03 Jul 2017 09:25:31 GMT

Tencent to limit gaming time for children amid addiction worries

The Chinese largest gaming company Tencent is eager to limit "Honour of Kings" play time for young users starting from Tuesday amid the game addiction worries.

Mon, 03 Jul 2017 09:17:01 GMT

Airbus reveals leaner structure, confirms sales reorganisation

On Monday, Airbus formally unveiled its leaner corporate structure on the back of firm's recent merger with its parent company, and confirmed a shake-up of the commercial sales.

Mon, 03 Jul 2017 08:33:32 GMT

Polish Play seeks to raise $1.4B in Warsaw IPO

One of the Poland's largest mobile phone operators Play Communication aims to raise up to $1.4B in a Warsaw initial public offering.

Mon, 03 Jul 2017 08:27:54 GMT

31 injured as bus collides with lorry, bursting into flames

On Monday, a bus with 48 aboard collided with a lorry and burst into flames on the Bavarian motorway in Germany, injuring at least 31 people, while several passengers are feared to be dead.

Mon, 03 Jul 2017 07:15:51 GMT

Several injured as Amtrak train derails in Washington state

Several people out of 250 aboard were reported to be injured as the Amtrak Cascades line train derailed in Washington state on Sunday.

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