News

Fri, 08 Feb 2019 08:16:12 GMT

Facebook tightens political ad in India ahead of election

Facebook Inc is tightening political advertisement policies in India to create transparency ahead of India's general elections.

Fri, 08 Feb 2019 08:15:56 GMT

FT: Scholz says slower growth will lead to lower tax receipts

Financial Times reported on Friday that Olaf Scholz, the German Finance Minister, said that slower growth of Europe's biggest economy could put pressure on the budget and lead to lower tax receipts.

Fri, 08 Feb 2019 07:11:07 GMT

Asian stocks lose ground on Friday

Asian shares declined on Friday, as investors and traders worried about global economic slowdown and trade war between the United States and China.

Fri, 08 Feb 2019 07:10:32 GMT

Foreign businesses in Cuba wary of Impact from US threats

According to experts, businessmen and diplomats, investors in Cuba are fighting to defend their interests, while others are wary of impact from the US threats to Venezuela.

Fri, 08 Feb 2019 06:26:16 GMT

US Senate unveils resolution against Nord Stream 2

On Thursday, the US Senate Foreign Relations Committee presented a resolution urging the cancellation of construction of the Nord Stream 2 gas pipeline.

Fri, 08 Feb 2019 06:19:57 GMT

EU plans to add Saudi to AML blacklist

According to the Financial Times, the European Union plans to add Panama and Saudi Arabia to the list of countries showing weak results in the fight against money laundering.

Fri, 08 Feb 2019 05:32:40 GMT

Oil prices fall amid US-China confrontation

Crude oil prices dropped by 44 cents or 0.8% on Friday morning, reaching $52.20 per barrel, as investors focused on deceleration of economic growth amid confrontation between the US and China.

Fri, 08 Feb 2019 05:25:59 GMT

Bezos accuses National Enquirer's owner of blackmail

The CEO of Amazon.com Inc Jeff Bezos on Thursday stated that American Media Inc, the owner of the tabloid National Enquirer, threatened to publish his intimate photos if he refused to publicly admit that publications against him were not politically motivated.

Thu, 07 Feb 2019 20:49:35 GMT

China telecom sector expands

The Chinese telecom sector expanded 3% to $190B in 2018, compared to the year 2018, the Ministry of Industry and Information Technology reports.

Thu, 07 Feb 2019 20:48:36 GMT

Philippines plans to attract 8.2M tourists

The Philippines plans to attract 8.2M tourists this year, an increase from 7.1M tourists in 2018, the Department of Tourism Secretary Bernadette Puyat says.

Thu, 07 Feb 2019 20:34:07 GMT

Chinese firms create 8,000 jobs in Zambia

Chinese companies have created more than 8,000 jobs at the Chambishi and Lusaka economic zones, the ZCCZ Corporate Affairs Manager Steven Lindunda says.

Thu, 07 Feb 2019 20:33:20 GMT

Russia warns US against use of force in Venezuela

The US should avoid using force to topple the legitimate government of Venezuela, the Russian Deputy Foreign Minister Sergei Ryabkov says.

Thu, 07 Feb 2019 19:27:55 GMT

EС lowers GDP forecast for Poland

The European Commission downgraded GDP growth forecast for Poland to 3.5% from 3.7% in 2019 and to 3.2% from 3.3% in 2020.

Thu, 07 Feb 2019 19:27:04 GMT

Tanzania pledges to enhance business environment

Tanzania pledges to improve the business environment and facilitate foreign and local investments, the Tanzanian Prime Minister Kassim Majaliwa says.

Thu, 07 Feb 2019 18:29:17 GMT

Juncker: EU won't reopen negotiations on Brexit deal

The EU will not reopen negotiations on the Brexit agreement with the UK, the European Commission President Jean-Claude Juncker says.

Thu, 07 Feb 2019 18:28:38 GMT

French trade deficit widens

The French trade deficit widened by €2.1B to €59.9B in 2018, compared to the prior year, as oil prices soared, the French Customs Office reports.

Thu, 07 Feb 2019 17:26:52 GMT

Federal Reserve's Kaplan comments on fiscal stimulus

The head of the Dallas Federal Reserve Robert Kaplan on Thursday announced that the stimulus form government spending and tax cuts is decreasing and causing the slowdown of the economy not the Federal Reserve's rate hikes.

Thu, 07 Feb 2019 17:26:19 GMT

Danish pension fund buys Danske Bank's stock

It was announced on Thursday that the Danish pension giant ATP has been buying Danske Bank's stock despite a money laundering scandal. The pension fund might increase its stake to be large enough to have the rights to actively manage the bank.

Thu, 07 Feb 2019 15:59:28 GMT

Fiat Chrysler shares plummet

On Thursday, the share prices of Fiat Chrysler dropped eleven percent due to low quarterly profits. The company has also caused doubts about its long term targets.

Thu, 07 Feb 2019 15:58:52 GMT

Heads of large Australian bank quit

The CEO and Chairman of the fourth biggest Australian bank NAB are quitting due to a scandal that was caused by an inquiry into the bank by the Royal Commission.

Thu, 07 Feb 2019 15:12:45 GMT

Wall Street declines at open

Stock prices on Wall Street's exchanges declined on Thursday open. Financial media blamed global growth worries instead of the constantly surging US Dollar.

Thu, 07 Feb 2019 15:10:48 GMT

Germany will restrict Facebook activities

On Thursday, German officials announced that they are planning to decrease Facebook data gathering activities. Germany is one of the top countries, which are limiting Facebook activities in data gathering.

Thu, 07 Feb 2019 14:02:52 GMT

Twitter's shares drop on poor revenue estimates

Shares of Twitter plunged as much as 6% in the pre-market trading on Thursday, after the company had forecast its Q4 revenue below analysts' expectations, adding that the user number dropped in the same quarter.

Thu, 07 Feb 2019 14:02:45 GMT

Reliance Industries to make $1.4B investment in Indian state

India's Reliance Industries is set to make an investment worth $1.4B in the West Bengal's eastern state with the intention to help the e-commerce expansion in the country, the firm's chairman Mukesh Ambani announced on Thursday.

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