News

Sat, 24 Jun 2017 06:53:13 GMT

Facebook to lease extra office space in Dublin

Facebook, the world's largest social network, plans to lease additional office space in Dublin and weighs renting even more property in Ireland's capital. 

Sat, 24 Jun 2017 05:52:20 GMT

Australia welcomes charges against Guantanamo prisoner

On Saturday Australia welcomed charges against the alleged mastermind, Riduan Isamuddin, of the 2002 Bali bombings. During those events 202 souls perished, of which 88 were Australians.

Sat, 24 Jun 2017 05:49:39 GMT

Walmart is not buying Whole Foods

Reuters reported that an anonymous source has confirmed that Walmart Stores will not make a bid for Whole Foods Markets. Last week Whole Foods accepted a 13.7 billion US Dollar offer from Amazon.

Sat, 24 Jun 2017 05:04:20 GMT

Australia spooks global investors

The decision to introduce a 6.2 billion Australian Dollar tax on the major banks of Australia has created an atmosphere of uncertainty in the global investor community in regards to the future of investing in the country.

Sat, 24 Jun 2017 05:03:41 GMT

China pushes forward banking reform

Guo Shuqing, chairman of the banking regulators of China, has met with the representatives of the country's largest commercial banks. During the meeting the chairman told the banks to reform for various purposes.

Sat, 24 Jun 2017 03:58:38 GMT

Eletrobras CES set to stay

Wilson Ferreira Jr, the chief executive officer of Eletrobras, is set to stay in his position. He will retain his position despite his controversial remarks about some of the company employees.

Sat, 24 Jun 2017 03:57:11 GMT

Two countries removed from child soldier list

The US Secretary of State Rex Tillerson has announced plans to remove Iraq and Myanmar from the US list of countries, which use child soldiers. The decision was made, ignoring the State Department's recommendations.

Sat, 24 Jun 2017 03:07:24 GMT

ECB gathers in Portugal

The European Central Bank is once more hosting a forum on central banking in Sintra, Portugal. The forum is set to gather European, British, Japanese and Canadian central bankers in a common panel discussion.

Sat, 24 Jun 2017 03:06:15 GMT

Trump reaches out to lawmakers on healthcare

After another lawmaker declined to provide support for the President of the US Donald Trump, the President reached out to his fellow Republicans of the US Senate in an effort to mobilize support for the party's efforts in the healtcare legislation overhaul.

Sat, 24 Jun 2017 02:17:52 GMT

Brazilian President will faces charges in waves

The corruption charges against the President of Brazil Michel Temer are set to come one after another, as the country's top prosecutor has picked out such strategy for the purpose of weakening the President's defence.

Sat, 24 Jun 2017 02:17:18 GMT

Tesla seeks way to ensure safety

Tesla is searching for ways to ensure that drivers, who use the company's autopilot, still pay attention to the road and keep their hands on the wheel. The efforts come after a Model S river was killed while using Autopilot.

Fri, 23 Jun 2017 20:11:38 GMT

Trump has no intention to fire special counsel Mueller

The US President Donald has no intention to fire Robert Mueller, the special counsel that has been studying allegations of Russia's meddling in the 2016 US election and possible collusion with the Trump campaign. 

Fri, 23 Jun 2017 20:11:10 GMT

Britain's May defends her offer to allow EU citizens stay in Britain after Brexit

Britain's Prime Minister Theresa May defended her proposal to allow millions of EU citizens stay in Britain after Brexit as EU leaders replied coolly to her move in talks on the country's withdrawal.

Fri, 23 Jun 2017 18:55:50 GMT

Tesco to raise store employees wages by 10.5%

Tesco, the UK's biggest private sector employer, plans to raise pay for hourly paid employees by 10.5% over the next two years.

Fri, 23 Jun 2017 18:55:38 GMT

Weak inflation should not delay interest rate hike

Recent inflation weakness is likely to be temporary and it should not postpone another interest rate increase this year, the Cleveland Fed President said.

Fri, 23 Jun 2017 18:17:28 GMT

Fed should delay rate hikes until inflation heads to 2% target

The Fed should delay any further interest rate hikes until there are signs that inflation confidently moves to the central bank's 2% target, the St. Louise President said.  

Fri, 23 Jun 2017 18:11:31 GMT

Fed must hike rates further, Cleveland Fed President says

The Fed should continue hiking interest rates in order to avoid inflation or employment to get out of hand and cause a recession, the Cleveland Fed President said.

Fri, 23 Jun 2017 17:01:27 GMT

EU leaders promise to increase support for Libya

On Friday, EU leaders agreed to enhance support for Libya amid the rising number of illegal immigrants trying to cross the Mediterranean and get into the Europe.

Fri, 23 Jun 2017 17:01:11 GMT

Trump is ready to appoint new US ambassador to India

According sources in the White House, the US President Donald Trump plans to nominate Kenneth Juster as the new US ambassador to India.

Fri, 23 Jun 2017 16:11:17 GMT

Pakistan attack death toll rises to 30

Pakistani police said on Friday that at least 30 people had died in a series of bomb explosions in Quetta and Parachinar.

Fri, 23 Jun 2017 16:10:45 GMT

Stocks rise as Dollar falls

The majority of world stocks rose on Friday amid depreciation of the US Dollar against major currencies, which pushed the oil price upwards. 

Fri, 23 Jun 2017 15:03:32 GMT

BoA lowers US GDP projection to 2.1%

On Friday, the Bank of America decided to change its prognoses and lowered forecast for the US GDP from 2.5% to 2.1%, citing political turmoil and weaker automobile manufacturing. 

Fri, 23 Jun 2017 15:02:47 GMT

Mexican retail sales continue to rise

According to the official data released on Friday, domestic retail sales surged 1.2% in April amid the robust consumer spending. 

Fri, 23 Jun 2017 13:57:19 GMT

Macron tries to mend ties with Eastern Europe

The President of France Emmanuel Macron is meeting four leaders of eastern European Union countries in an effort to fix the ruined relationships after quarreling on various issues in the past.

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