News

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.

Sun, 17 Feb 2019 13:11:10 GMT

UAE concludes multiple military deals

On Sunday, the United Arab Emirates (UAE) announced that it had concluded arms deals worth $1.1B with various international companies.

Sun, 17 Feb 2019 13:08:41 GMT

Iran wants better relations with neighbours

The President of Iran, Hassan Rouhani stated on Sunday that his government was ready for normalization of relations with the Gulf states in light of increasing pressure from the US and Israel.

Sun, 17 Feb 2019 12:18:43 GMT

Germany experiences growth of hacker attacks

According to a report published by the Welt am Sonntag, over the last six months Germany experienced 157 hacker assaults on critical infrastructure.

Sun, 17 Feb 2019 12:15:54 GMT

Gazprombank freezes PDVSA's accounts

According to sources familiar with the matter, Russia's Gazprombank, has frozen accounts of Venezuelan PDVSA in order to avoid being included in the US sanction list.

Sun, 17 Feb 2019 11:23:32 GMT

Airbus prepares for no-deal Brexit

The Senior Vice President of Airbus Katherine Bennett stated on Sunday that the company would be forced to make unpleasant decisions about future investments if Britain withdrew from the EU without a deal.

Sun, 17 Feb 2019 11:18:32 GMT

Saudi and French to build naval systems

On Sunday, the French Naval Group and Saudi Arabian Military Industries have agreed to create a joint venture in order to develop naval systems.

Sun, 17 Feb 2019 10:04:49 GMT

Businesses prepare themselves for Brexit

One of the world leading audit firms KPMG stated on Sunday that businesses were actively testing their readiness for Brexit to make sure that they have enough resources in case no deal would be signed in the upcoming 40 days.

Sun, 17 Feb 2019 09:59:35 GMT

Saudi bin Salman to visit Pakistan

The Saudi Arabia's Crown Prince Mohammed bin Salman is expected to land in Pakistan on Sunday and sign investment deals worth $10B.

Sun, 17 Feb 2019 09:05:08 GMT

China's gold reserves increase in January

China increased the country's gold reserves for the second month in succession to 59.94M ounces in January, the latest report from the People's Bank of China revealed.

Sun, 17 Feb 2019 08:58:25 GMT

Chrysler to recall more than 26K imported cars

Chrysler is expected to recall more than 26K imported vehicles from China's market due to faulty gas generators, the Chinese top quality supervisor stated.

Sun, 17 Feb 2019 08:32:43 GMT

Amazon leads $700M investment in Rivian Automotive

The US online retailing major Amazon led a $700M funding round for Rivian Automotive the electric truck startup, the company stated.

Sun, 17 Feb 2019 08:26:12 GMT

Apple buys AI startup behind Google Assistant, Alexa-based apps

Apple acquired Pullstring, the AI startup based in San Francisco, which helps companies design voice-based applications leveraging voice assistants, including Google Assistant and Alexa.

Sun, 17 Feb 2019 07:28:17 GMT

Starbucks to set up Italian-food cafe in China

Starbucks is expected to launch the first featured Italian-food cafe in China, highlighting Italian drinks and dishes, the company stated.

Sun, 17 Feb 2019 07:25:37 GMT

Czech economy expands 3% in 2018

Gross domestic product of the Czech Republic rose 3.0% year-over-year in 2018, according to latest statistics from the CZSO.

Sun, 17 Feb 2019 06:20:16 GMT

Shell to spend $54.6B on gas, oil projects by 2025

Royal Dutch Shell is expected to spend $54.6B on announced and planned upstream projects starting from 2019 to 2025, according to the report by Global Data.

Sun, 17 Feb 2019 06:06:52 GMT

Infosys launches learning platform for engineering students

India's second-largest IT services company Infosys announced the launch of InfyTQ, a digital platform to provide learning and engagement experiences to the country's engineering students.

Sun, 17 Feb 2019 05:37:20 GMT

Uruguay, Ukraine launch visa-free regime

The visa-free regime between Uruguay and Ukraine started to work on Friday, Ukrinform reported, suggesting that the eased visa policy is likely to boost business contacts and tourism between the states.

Sun, 17 Feb 2019 05:33:22 GMT

Portugal's economic growth weakens in 2018

The Portuguese economy expanded 2.1% in 2018, down 0.7% from the 2017 growth and slightly missing government expectations, local media stated.

Sun, 17 Feb 2019 04:31:00 GMT

Cisco sets up first co-innovation centre in Singapore

Tech giant Cisco announced the launch of the company's first SE Asian hub in Singapore to work over regional issues in the Internet of Things and cybersecurity.

Sun, 17 Feb 2019 04:25:04 GMT

Aegon profit falls 83% to 253M in H2 last year

Dutch life insurance firm Aegon reported that the company's net profit for the 2018 second half decreased 83% to 253M, compared to 1.45B registered for the same period in the preceding year.

Sat, 16 Feb 2019 21:27:46 GMT

India raises duties for Pakistani goods

On Saturday, India abolished the most-favoured-nation status for Pakistan and immediately increased customs duties on its goods by 200%.

Sat, 16 Feb 2019 21:16:57 GMT

Biden soon decides to run or not

The US ex-Vice President Joe Biden stated on Saturday that would announce his decision whether to run for president or not "in the near term".

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