News

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Sun, 30 Sep 2018 15:15:07 GMT

UK declares ban on combustible cladding

In response to the deadly fire in the Grenfell Tower, the British government decided on Sunday to prohibit the use of flammable materials on the outside of skyscrapers.

Sun, 30 Sep 2018 14:12:51 GMT

Saudi Arabi fails to join FATF

On Sunday, Saudi Arabia failed to acquire a full membership in the Financial Action Task Force (FATF), which is an international body created to combat money laundering and other illegal transfer of funds.

Sun, 30 Sep 2018 14:09:28 GMT

Tria says investments will drive Italy's economy

The Economy Minister of Italy Giovanni Tria stated on Sunday that investments are expected to drive the country's economy for the following two years and added that despite the budget deficit increase debt will put on backtrack.

Sun, 30 Sep 2018 13:14:50 GMT

UK Clark says deal on Brexit is almost reached

The UK Secretary of State for Business Greg Clark stated on Sunday that deal on Brexit between Britain and the European Union has been practically reached.

Sun, 30 Sep 2018 13:10:53 GMT

US accuses China of propaganda

The US Ambassador to China Terry Branstad accused Chinese media of propaganda for an article published in Iowa's local newspaper describing the benefits of bilateral trade.

Sun, 30 Sep 2018 12:39:29 GMT

Saudi Arabia plans to increase state spendings by 7%

On Sunday, Saudi Arabia claimed that it is planning to increase its state spendings by 7% in 2019 in comparison with a previous year to boost the economic growth.

Sun, 30 Sep 2018 12:37:37 GMT

UK's Clark: Canada-style Brexit would be difficult for business

On Sunday, the Business Minister of the UK Greg Clark claimed that a Canada-style deal with the European Union after the departure of the UK from the EU will make things more problematic for British business.

Sun, 30 Sep 2018 11:37:48 GMT

China widens tax exemption for foreign firms

On Sunday, the Finance Ministry of China claimed that China has widened the exemption from income tax for foreign companies to boost foreign investments despite the trade tensions with the US.

Sun, 30 Sep 2018 11:34:38 GMT

Chinese regulator approves Linde-Praxair deal

On Sunday, Linde AG claimed that it has received the approval of the $83B merger with the US-based Praxair from the antitrust authorities of China and keeps waiting for approval from regulators in the EU, South Korea and the US.

Sun, 30 Sep 2018 10:36:05 GMT

Tencent Holdings announces restructurisation

On Sunday, Chinese internet giant Tencent Holdings announced the first company's restructuring for the last six years due to the challenges which the company faces because of the stricter government regulations. 

Sun, 30 Sep 2018 10:31:32 GMT

British PM May calls on Conservatives to unite over Brexit

On Sunday, the Prime Minister of the UK and the leader of Conservative Party Theresa May called for the Conservative party to unite over the plans of the UK to leave the European Union in 2019.

Sun, 30 Sep 2018 09:36:49 GMT

Saudi Crown Prince to discuss oil outputs from the Neutral Zone

The Crown Prince of Saudi Arabia Mohammad bin Salman is planning to discuss the resumption of oil outputs from a Neutral Zone which is currently shared with Kuwait during his trip to the Gulf state on Sunday.

Sun, 30 Sep 2018 09:28:36 GMT

Australian Morrison calls on regulator to prosecute unfair bankers

On Sunday, the Prime Minister of Australia Scott Morrison claimed that the country's financial regulator needs to prosecute country's bankers who pursue profits using illegal methods. 

Sun, 30 Sep 2018 08:39:17 GMT

British Conservative party investigates data breach

On Sunday, the chairman of the British Conservative party Brandon Lewis claimed that the party investigates a data hack which would allow members of the public to login into the smartphone app as the senior government ministers and to view their personal details.

Sun, 30 Sep 2018 07:24:13 GMT

North Korea condemns American sanctions

The Foregin Minister of North Korea Ri Yong Ho stated on Saturday that his country's disarmament should happen only in parallel with abolishement of international sanctions lobbied by the US.

Sun, 30 Sep 2018 07:19:54 GMT

Tencent announces restructuring

On Sunday, one of the largest Internet companies in the world Tencent Holdings announced restructurization amid increased challenges caused by harder state regulations.

Sun, 30 Sep 2018 06:09:15 GMT

China's Li calls for opening up

The Premier of the State Council of China Li Keqiang called on Saturday to unleash market viability and put more efforts in deepening reform in order to ensure high-quality development of the country.

Sun, 30 Sep 2018 06:01:14 GMT

Philippines to boost defence ties with US

The Defence Ministry of Philippines announced on Friday to increase the number of trainings and joint military exercises with the United States from 261 to 281.

Sun, 30 Sep 2018 05:08:56 GMT

China's PMI plunges in September

The Caixin/Markit Manufacturing Purchasing Managers' Index (PMI) for this month fell below expected 50.5 to 50.0, thus marking a decrease in local and export demand as well as negative effect from American tariffs.

Sun, 30 Sep 2018 05:04:07 GMT

Pakistan to reconsider participation in "Silk road"

The Federal Minister for Planning of Pakistan Khusro Bakhtyar said on Sunday that Pakistan is forced to reconsider its participation in $8.2B rail project, which is supposed to become a part of China's "Silk road", because of debt concerns.

Sun, 30 Sep 2018 04:07:28 GMT

US and Canada achieve progress on NAFTA

According to sources familiar with the matter, the United States and Canada managed to get rid of some of the differences on NAFTA, yet no deal has been concluded yet.

Sun, 30 Sep 2018 04:01:51 GMT

Theresa May criticizes party members

The British Prime Minister Theresa May said on Saturday that those members of her Conservative Party who are trying to neglect her Brexit plan are "playing politics".

Sun, 30 Sep 2018 02:54:05 GMT

Musk to resign as Tesla's chairman

The U.S. Securities and Exchange Commission said the Chief Executive of carmaker Tesla Elon Musk will need to step down as the company's chairman, but to remain the CEO of the brand to settle tweet charges.

Sun, 30 Sep 2018 02:53:23 GMT

Saudi King and Trump discuss oil supplies

On Saturday, the US President Donald Trump and Saudi Arabia's King Salman have discussed the opportunity to maintain the oil supplies for the stability of the oil market.

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