News

Mon, 18 Feb 2019 05:42:06 GMT

US Dollar gains value on Monday

During the Asian session on Monday the US Dollar gained value. The surge was attributed to US-China trade talks.

Mon, 18 Feb 2019 05:41:23 GMT

New Zealand will tax online giants

On Monday, the government of New Zealand announced that it intends to set a new tax on revenue earned by online giants in an effort to stop them from tax evasion.

Mon, 18 Feb 2019 05:25:43 GMT

SoftBank invests in Mubadala

It was announced on Monday by SoftBank Group representatives that the Japanese bank has invested almost $400 million in Mubadala Investment, which backs European start-ups.

Mon, 18 Feb 2019 05:25:14 GMT

Asian stocks surge on Monday

On Monday, during the Asian session stock indices surged higher. The surge was attributed to US-China trade talks and global monetary policy.

Mon, 18 Feb 2019 03:53:35 GMT

Israeli GDP marks 2.2% increase in H2 2018

Israel's GDP grew slightly at a 2.2% annual rate in the second half of last year, compared with a 3.4% rise in the 2018 first half, the CSB stated.

Mon, 18 Feb 2019 03:52:57 GMT

Japanese machinery orders drop as trade frictions weigh on


Overseas orders for Japan's machinery posted their strongest decline in more than ten years in December and manufacturers anticipated orders to decrease further in the Q1, as trade frictions affect global demand.

Mon, 18 Feb 2019 03:33:13 GMT

UK businesses set to increase pay by most in seven years

British businesses announced plan to increase basic wages by the most in since 2012 amid recruitment difficulties and a necessity to keep pay in line with rivals, a survey revealed, highlighting lingering strength in the UK jobs market.

Mon, 18 Feb 2019 03:32:10 GMT

Singapore's non-oil exports to China decline 25.4%

Singapore's NODX to China decreased 25.4% year-over-year in January, compared to the prior month's 15.4% expansion, according to the release by Enterprise Singapore.

Sun, 17 Feb 2019 21:21:02 GMT

Bulgaria's Socialists to leave parliament

On Sunday, the largest Bulgarian opposition Socialist Party decided to quit from the Parliament for an undefined period, arguing that the latest amendments to the Election Code would make fair elections impossible.

Sun, 17 Feb 2019 21:18:08 GMT

Bill Weld criticizes Trump

The ex-Governor of Massachusetts Bill Weld stated on Sunday that extension of the presidential term of Donald trump for another six years would be harmful for the US.

Sun, 17 Feb 2019 20:23:02 GMT

Saudi to invest $20B in Pakistan

On Sunday, the Saudi Crown Prince Mohammed bin Salman paid an official visit to Pakistan and signed multiple investment agreements worth $20B.

Sun, 17 Feb 2019 20:19:08 GMT

Germany to end extradition agreement with UK

According to a report published by the Financial Times, the German government would end extradition of its citizens to the United Kingdom in case of exit from the European Union with a deal.

Sun, 17 Feb 2019 19:03:39 GMT

Saudi Arabia's Crown bin Salman begins South Asia tour

On Sunday, the Saudi Arabian Crown Prime Mohammed Bin-Salman began his South Asia and China tour, with a high-level visit to Pakistan.

Sun, 17 Feb 2019 19:03:33 GMT

Italy's ruling 5-Star Party calls for online vote

The Italian 5-Star movement said on its blog on Sunday that it has called for an online vote to decide if to block a potential kidnapping case against Matteo Salvini.

Sun, 17 Feb 2019 18:03:32 GMT

France denies British media reports on concessions of Irish backstop

On Sunday, France denied the British media reports that Emmanuel Macron, the President of France, has softened stance on Brexit.

Sun, 17 Feb 2019 18:03:20 GMT

Paramount Group to sign agreement with Africa's defense industry

On Sunday, the chairman of Paramount Group said that the company is in talks with four African governments to develop Africa's defence industry.

Sun, 17 Feb 2019 17:10:42 GMT

Nigerian authorities postpone Saturday's national election

The Nigerian Independent National Electoral Commission postponed Saturday's general election by a week, few hours before polls were due to open, as opposition slams the decision.

Sun, 17 Feb 2019 17:05:38 GMT

UK's PM plans to speak to all EU leaders in bid for Brexit deal changes

The UK Prime Minister Theresa May plans to speak to all European Union heads and the EU Commission Chief in a bid for Brexit agreement changes.

Sun, 17 Feb 2019 15:51:47 GMT

Qatar to build $20B sports sector before World Cup

Qatar intends to attract more sports firms to the Gulf state in a bid to develop a $20B sports sector before the World Cup in 2022, a senior official stated.

Sun, 17 Feb 2019 15:51:40 GMT

Germany to expand electric company vehicles tax incentives

Olaf Scholz, the Finance Minister of Germany, announced plans to expand tax incentives for companies' electric vehicles, within the government's latest bid to strengthen demand for clean vehicles.

Sun, 17 Feb 2019 14:52:53 GMT

US toy industry to consider expansion in China, Brazil

The US toy industry is set to discuss strategies for growth in China and Brazil, two of the most populous countries, the press release showed.

Sun, 17 Feb 2019 14:52:43 GMT

CNPC to build 23 new facilities

China National Petroleum Corporation, the world's third-largest oil company, announced plans to build 23 new facilities for gas storage and expand ten existing by 2030, the company stated.

Sun, 17 Feb 2019 14:24:07 GMT

Gazprombank freezes accounts of Venezuelan PDVSA

Russian lender Gazprombank announced its decision to freeze the accounts of Venezuela's oil firm PDVSA and halted transactions with the company to diminish the risk of the bank falling under the US sanctions.

Sun, 17 Feb 2019 14:18:31 GMT

PepsiCo expects drop in profit

PepsiCo anticipated a surprise decline in full-year profit, as the firm spent heavily on developing new products and marketing, aiming to claw back market share from Coca-Cola.

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