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Google, Twitter, Facebook asked to testify on Russia's meddling
Thu, 28 Sep 2017 01:54:12 GMT
 
Executives from Google, Twitter and Facebook were asked to testify to the US Congress as lawmakers probe Russian alleged interference in the last year's US election. >>
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Fed's Rosengren sees raising rates needed to avoid risks
Thu, 28 Sep 2017 01:53:32 GMT
 
Boston Fed's President Eric Rosengren stated that regular rate hikes are necessary to avoid the US economy's overheating, where inflation is weak only temporary. >>
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Facebook removes thousands of fake accounts for German election
Wed, 27 Sep 2017 20:19:43 GMT
 
Facebook announced on Wednesday that the company made its first real election security test, removing tens of thousands of fake accounts in Germany to protect the 2017 German federal elections. >>
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Turkey reports 13 die in north Iraq air strike
Wed, 27 Sep 2017 20:05:11 GMT
 
Turkish authorities reported in a statement that 13 Kurdish PKK fighters had died on Wednesday after Turkish jets struck a target in northern Iraq. >>
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Bank of Canada signals interest-rate pause
Wed, 27 Sep 2017 19:24:14 GMT
 
The Bank of Canada announced on Wednesday that after two consecutive interest-rate rises, it would now work from a clean slate when making future decisions on interest rate. >>
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Trump not to negotiate on 20% corporate tax rate
Wed, 27 Sep 2017 19:15:22 GMT
 
Donald Trump, the US President, announced on Wednesday that he would not continue negotiations on new tax framework proposal from the Republicans to lower the corporate tax rate to 20%. >>
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Audi to build electric vehicles across the world
Wed, 27 Sep 2017 18:16:17 GMT
 
Audi is set to build electric cars at the company's plants around the world, including the ones placed in Hungary and Mexico, the carmaker said. >>
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Valuation of Spotify reaches $16B in private trades
Wed, 27 Sep 2017 18:15:56 GMT
 
Private traders in shares of Spotify valued the business at nearly $16B, while rising subscription numbers and demand for the shares could lift the worth to $20B after public listing. >>
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US pending home sales decrease 2.6% in August
Wed, 27 Sep 2017 16:40:37 GMT
 
The US pending home sales fell 2.6% over the course of August, as the country's property market remained undermined by inventory shortage, which kept pushing up prices. >>
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Boeing to lose business in UK over Bombardier row
Wed, 27 Sep 2017 16:40:04 GMT
 
Britain told Boeing that the company could lose out on the UK defence contracts due to its dispute with Canada's rival Bombardier, which put 4.2K jobs at risk in Ireland. >>
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French government to reach EU credibility with 2018 budget
Wed, 27 Sep 2017 15:57:16 GMT
 
The French government presented the first budget under Emmanuel Macron with tax and spending cuts, expecting it to restore the country's credibility in Europe. >>
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EU border controls to be extended in crisis
Wed, 27 Sep 2017 15:55:36 GMT
 
The European Commission suggested extending transitory border controls inside the EU free-travel zone for nearly three years in an attempt to stem migration. >>
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US durable goods data reaffirms economic strength
Wed, 27 Sep 2017 15:22:22 GMT
 
The US durable goods orders marked stronger-than-anticipated increase in August, as shipments continued to grow, pointing to the strength of the country's economy. >>
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Dubai begins tests aiming to introduce first flying taxi service
Wed, 27 Sep 2017 15:19:27 GMT
 
Dubai launched the world's first test flight of drone taxi within ambitious plans by the United Arab Emirates to take a lead in innovation between Arabian countries. >>
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VW's truckmaker Scania to pay $1B fine for price fixing
Wed, 27 Sep 2017 14:24:32 GMT
 
The European Union hit the Volkswagen-owned Scania with a $1B fine on Wednesday as the Swedish truckmaker was involved in a 14-year price-fixing cartel. >>
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