News

Wed, 28 Jun 2017 09:09:05 GMT

Iran intends to react on US travel ban

Bahram Qassemi, the Iran's Foreign Ministry Spokesman, said on Wednesday that Iran considers Trump's travel ban to be discriminative against the Muslims and promises to take "reciprocal action". 

Wed, 28 Jun 2017 09:08:47 GMT

Philippines finds decapitated bodies in Marawi

Emmanuel Garcia, the Lieutenant Colonel of the Philippine army, said on Wednesday that bodies of five beheaded and 17 other murdered civilians have been discovered in the Marawi city. 

Wed, 28 Jun 2017 08:11:09 GMT

BoE's Cunliffe wants to see more improvements before raising rates

The BoE Deputy Governor Jon Cunliffe said on Wednesday he needed to see more improvements in the economy before deciding to hike interest rates.

Wed, 28 Jun 2017 08:10:50 GMT

Dixons Carphone posts 47% surge in full-year profit

On Wednesday, Dixons Carphone said it had posted a 47% surge in the full-year pretax profit on the back of faster revenue growth.

Wed, 28 Jun 2017 07:27:35 GMT

Philips strikes €1.9B acquisition deal with Spectranetics

In an attempt to accelerate expansion of  the image-guided therapy business, Philips has struck a €1.9B acquisition deal with the US-based medical device maker Spectranetics.

Wed, 28 Jun 2017 07:26:07 GMT

China introduces new type of naval destroyer

According to Xinhua news agency, the Chinese military launched a brand new class of naval destroyer – a 100,000-tonne warship equipped with new defensive weapons.

Wed, 28 Jun 2017 06:14:44 GMT

Nepal begins second round of local election

On Wednesday, Nepal citizens started turning to polling stations to vote in the second round of the crucial local election ahead of the general election later in the year.

Wed, 28 Jun 2017 06:13:58 GMT

Toshiba to file $1B suit against Western Digital

On Wednesday, Toshiba said it was going to sue its US-based joint venture ally Western Digital for $1.07B over its memory chip unit closure.

Wed, 28 Jun 2017 05:05:26 GMT

Chinese economy improves in Q2, but deleveraging creates risks

China's economic growth continued to improve in the Q2 with an increase in corporate profits and hiring, but deleveraging is likely to poses financial risks, a private survey revealed.

Wed, 28 Jun 2017 05:02:45 GMT

JPMorgan to centralize energy management

JPMorgan is shifting management of air-conditioning, lighting and heating in 4,500 of company's branches to General Electric, aiming to reduce energy consumption.

Wed, 28 Jun 2017 04:00:52 GMT

Apollo raises $23.5B for largest buyout fund

Apollo Global Management, the buyout firm co-founded by billionaire Leon Black, set a new fundraising record by collecting $23.5B as investors' appetite surged.

Wed, 28 Jun 2017 04:00:04 GMT

American Airlines test new 3D screener to improve security

American Airlines is testing new screening devices that map contents of luggage and provide more details than present equipment, aiming to detect explosives or detonators.

Wed, 28 Jun 2017 02:54:16 GMT

Belarus aims to increase trade with Vietnam

Alexander Lukashenko, the Belarussian President, revealed that he set goal to increase trade with Vietnam to $500M in the next couple of years.

Wed, 28 Jun 2017 02:54:06 GMT

US to cooperate with China on trade, North Korea

Terry Branstad, the newly appointed US Ambassador to China, revealed that his top priority is cooperation with China on North Korea issue and expanding trade.

Wed, 28 Jun 2017 02:21:29 GMT

Nestle to buy out $20.8B of shares

Nestle targets to buy back $20.8B worth of shares in the next three years, after the Third Point started to push the company for more aggressive boost of performance.

Wed, 28 Jun 2017 02:20:27 GMT

Facebook reaches mark of 2 billion users

Facebook reported that about 2 billion people are using its service on a regular basis, showing the number doubled since October 2012, when it reached 1 billion-user mark.

Tue, 27 Jun 2017 20:07:58 GMT

Nestle rolls out share buyback program

In a move to create shareholder value, Nestle on Tuesday announced that its board of directors had approved a share buyback program of up to $20.8B, to be finalized by the end of June 2020.

Tue, 27 Jun 2017 20:07:41 GMT

US lists China among worst human trafficking offenders

US declared China among the world's worst offenders on human trafficking, putting the world's most populous country in the same category as North Korea, Zimbabwe and Syria.

Tue, 27 Jun 2017 19:05:32 GMT

95 tower blocks fail cladding fire safety checks

Latest figures showed that cladding on 95 buildings from 32 areas had so far been checked in the wake of the Grenfell disaster, and all had failed to meet safety standards.

Tue, 27 Jun 2017 19:05:20 GMT

IMF cuts forecasts for US economic growth

The International Monetary Fund has cut its growth forecasts to 2.1% in 2017 and 2018 for the US economy due to uncertainty about White House policies.

Tue, 27 Jun 2017 17:57:29 GMT

BlackRock to acquire Cachematrix

BlackRock has entered into a definitive agreement to acquire Cachematrix, a leading provider of financial technology, marking its second investment in a technology firm this month.

Tue, 27 Jun 2017 17:57:16 GMT

Iraqi forces battle IS militants in Mosul

Counterattacks by Islamic State militants on the western edge of Mosul have stalled Iraqi forces' push in the Old City, the last IS stronghold in the battle, an Iraqi officer said on Tuesday. 

Tue, 27 Jun 2017 16:50:46 GMT

Massive cyber-attack spreading across Europe

Ransomware known as Petya seemed to have re-emerged to affect computer systems across Europe, causing issues primarily in Ukraine, Russia, England and India.

Tue, 27 Jun 2017 16:50:36 GMT

Syrian President visits Russian airbase after US regime threats

Syria's President Bashar Al-Assad made his first visit to the Russian modified Hmaymim Airbase in the Latakia Governorate's Jableh District this afternoon, a local military source reported.

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