News

Sun, 09 Jun 2019 06:33:35 GMT

South Korea will stimulate economy

On Sunday, the top Economic Aid to the President of South Korea revealed that the government is preparing to issue policies that would stimulate growth.

Sun, 09 Jun 2019 04:41:24 GMT

Lagarde warns about Fintech

On Saturday, the head of the International Monetary Fund announced at the G20 summit that the world's tech giants could cause a disruption in the global financial world by dominating the Fintech sector.

Sun, 09 Jun 2019 02:43:13 GMT

Boris Johnson threatens EU

Boris Johnson on Sunday announced that he could stop a previously agreed upon 39 billion Pound payment to the EU in an effort to demand better Brexit terms.

Sun, 09 Jun 2019 02:38:58 GMT

Trump comments on Mexico deal

On Saturday, the US President Donald Trump announced that he is confident that Mexico would secure its southern border and deal with migrants from Central America.

Sun, 09 Jun 2019 02:31:24 GMT

Mexican President phone calls Trump

On Sunday, it was announced by the President of Mexico Andreas Obrador that he has spoken with the US President Donald Trump and has offered him friendly relations.

Sat, 08 Jun 2019 20:05:40 GMT

Chile central bank cuts rate

Chile's central bank cut the benchmark interest rate to 2.5% from 3% amid an impact from global trade tensions, a report published by the bank shows.

Sat, 08 Jun 2019 19:26:53 GMT

Siemens receives €1B order from Russian Railways

RZD Russian Railways have made an order for 13 Velaro trains and 30 years maintenance with a total value of around €1B, the Siemens Mobility reports.

Sat, 08 Jun 2019 18:00:31 GMT

Lockheed Martin secures $1.8B defence contract

Lockheed Martin Corp has secured a $1.8B US defence contract for development of the F-35 Lightning II fighter, the Pentagon reports.

Sat, 08 Jun 2019 16:57:47 GMT

Google to expand cloud computing business

Google plans to acquire analytics startup Looker for $2.6B to expand its cloud computing business capabilities, the CEO of Google Cloud Thomas Kurian says.

Sat, 08 Jun 2019 15:58:44 GMT

BMW opens plant in Mexico

German car maker BMW Group has opened a new plant in the Mexican state of San Luis Potosi to increase production capacity in North America.

Sat, 08 Jun 2019 15:01:57 GMT

Latvian economic growth slows

The central bank of Latvia has revised its Latvian economic growth forecast to 2.9% from a previous projection of 3.5%, the central bank's governor Ilmars Rimsvics says.

Sat, 08 Jun 2019 14:00:14 GMT

Belgium economy to expand

The economy of Belgium is expected to expand at an annual pace of 1.2% over the next several years, a report published by the National Bank of Belgium shows.

Sat, 08 Jun 2019 13:06:21 GMT

Norway exports $667M defence products, services

Norwegian companies exported $667M of defence products and services in 2018, a 8% decline from the prior year, the Norwegian government reports.

Sat, 08 Jun 2019 12:15:48 GMT

Cyprus economy expands 3.2%

The economy of Cyprus expanded 3.2% in the first three months of 2019, while the banking sector contracted, the Statistical Service reports.

Sat, 08 Jun 2019 11:16:33 GMT

FDI in Tunisia reaches $280M

Foreign direct investment in Tunisia reached $280M in the first four months of this year, a decline from $302M the previous year, local authorities report.

Sat, 08 Jun 2019 09:43:50 GMT

Kraft Heinz completes investigation

On Friday, Kraft Heinz announced that it has finished an internal investigation and is confirming that the financial numbers published last month were accurate.

Sat, 08 Jun 2019 08:43:32 GMT

France prepares to cut Renault stake

The Finance Minister of France Bruno Le Maire announced on Saturday that the French government might decrease its ownership stake in Renault to facilitate a partnership with Nissan.

Sat, 08 Jun 2019 07:49:41 GMT

Bank of Japan expects global recovery

The Governor of Bank of Japan Haruhiko Kuroda announced on Saturday that he still expects the global economy to recover in the second half of 2019.

Sat, 08 Jun 2019 07:05:24 GMT

BOJ Kuroda warns of uncertainties

On Saturday, the Governor of Bank of Japan Haruhiko Kuroda announced that there are many uncertainties in the global markets that could hurt economic growth.

Sat, 08 Jun 2019 05:50:51 GMT

Google, Amazon and Facebook face profit decline

On Saturday, it was revealed that US tech giants could see profits decline, as the G20 countries agreed upon updating regulation to eradicate the booking of profits in low-tax countries.

Sat, 08 Jun 2019 04:59:00 GMT

G20 agrees upon tech giant regulation

The Finance Minister group of G20 agreed on Saturday to move ahead with the creation of common rules for taxing tech giants.

Sat, 08 Jun 2019 04:30:53 GMT

Mexico fights immigration

On Friday, Mexican officials announced that Mexico will deploy National Guard to the country's southern border. In exchange the US has cancelled setting tariffs on Mexican goods.

Sat, 08 Jun 2019 02:40:58 GMT

Trump calls off tariffs on Mexico

After successful negotiations between the US and Mexico on Friday, the US President Donald Trump has called off tariffs on Mexican goods.

Sat, 08 Jun 2019 02:30:30 GMT

Fed Ex ends Amazon contract

On Friday, FedEx announced the decision to not renew its agreement with Amazon, in the frames of which FedEx delivered Amazon goods through its plane service.

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