News

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Wed, 14 Mar 2018 16:53:37 GMT

Russia's GDP grows 2% in January

Russia's gross domestic product gained 2% year-over-year in January, following a gain of 1.4% in the prior month, the country's Economy Ministry stated.

Wed, 14 Mar 2018 16:53:31 GMT

World Bank to boost lending to India in next five years

The World Bank announced plans to raise India lending by $1B every year in the following five years to $3.5B, the bank's country director for India stated.

Wed, 14 Mar 2018 16:02:54 GMT

US retail sales fall 0.1% in February

The US retail sales growth weakened for the third month in succession in February, as households reduced purchases of big-ticket items, indicating economic slowdown in the Q1.

Wed, 14 Mar 2018 16:02:24 GMT

US producer inflation rises 0.2% in February

The Labour Department reported that the US producer prices increased 0.2% in February, while economists anticipated a 0.1% rise in the reported period.

Wed, 14 Mar 2018 15:35:12 GMT

US seeks China to reduce trade surplus by $100B

The White House pressed China over cutting its trade surplus with the US by $100B, the Trump Administration's spokesman stated on Wednesday.

Wed, 14 Mar 2018 15:30:36 GMT

Ford phases out $1.38M cars in North America

On Wednesday, Ford Motor stated it was recalling 1.38M cars in North America over alleged loose steering wheel bolts, which were potentially detached.

Wed, 14 Mar 2018 14:33:14 GMT

Britain removes 23 Russia's diplomats over nerve toxin attack

Britain would expel 23 Russia's diplomats, following a chemical attack on the Russian former spy in the Southern England, the Prime Minister Theresa May stated on Wednesday.

Wed, 14 Mar 2018 14:20:02 GMT

Walmart seeks its home delivery expansion to fight Amazon

On Wednesday, Walmart announced it was planning to expand its grocery home delivery and pickup services to over 100 metro areas in 2018, as it sought to fight its rival Amazon.com.

Wed, 14 Mar 2018 13:07:25 GMT

Merkel elected to fourth term as German Chancellor

On Wednesday, Angela Merkel was re-elected to her fourth term as the German Chancellor, after lawmakers voted 364-315 in favour of Merkel, with nine abstentions.

Wed, 14 Mar 2018 13:06:49 GMT

Unilever plans to close London headquarters

The board of Unilver is set to finalise their decision on Wednesday to shut down the consumer giant's headquarters in London, according to Sky News report on Wednesday.

Wed, 14 Mar 2018 12:32:09 GMT

Italy's Leonardo to act as prime contractor in €3B deal

The Italian defence group Leonardo agreed to act as a prime contractor in the €3B Qatari helicopter deal, which the Gulf state's Defence Ministry had signed with the NHI Consortium.

Wed, 14 Mar 2018 12:15:57 GMT

Nissan appoints ex-US Chief as China operations head

On Wednesday Nissan Motor named the company's Chief Performance Officer Jose Munoz as its China operations head to lead the carmaker's expansion into the world's biggest auto market.

Wed, 14 Mar 2018 11:32:06 GMT

Broadcom officially withdraws bid for Qualcomm

On Wednesday, Broadcom has ended its $117B bid to acquire the US chipmaker Qualcomm, following the US President Donald Trump's order to halt the deal over national security concerns.

Wed, 14 Mar 2018 11:26:43 GMT

France files suit against tech giants over developer contracts

The French Finance Minister Bruno Le Maire stated France would sue Apple and Google over the contractual terms that the tech giants had imposed on start-ups and developers.

Wed, 14 Mar 2018 10:01:00 GMT

Shinzo Abe denies accusations

The Prime Minister of Japan Shinzo Abe on Wednesday denied the accusations that he is involved in a controversial real estate sales arrangement.

Wed, 14 Mar 2018 10:00:22 GMT

Stocks and US Dollar continue to fall

Global stocks continued to decline, as the European markets opened for Wednesday's trading. Meanwhile, the US Dollar also continued to decline. The fluctuations were caused by increased trade war fears.

Wed, 14 Mar 2018 09:34:35 GMT

ExxonMobil to resume paying corporate tax in Australia

On Wednesday, ExxonMonil stated it was expecting to renew paying the Australian corporate tax as soon as 2021.

Wed, 14 Mar 2018 09:32:14 GMT

US airlines sees boost in passengers during spring

The US airline industry is expecting the passenger number to hit all-time high this spring amid competition growth among carriers ahnd lower fares that make flights available to general public.

Wed, 14 Mar 2018 07:54:31 GMT

Japan firms unlikely to meet PM Abe's 3% wage growth goal

On Wednesday, Japan's big companies agreed to lift wages for the fifth consecutive year; however, the majority of firms will not manage to achieve the Prime Minister Shinzo Abe's 3% goal.

Wed, 14 Mar 2018 07:54:19 GMT

Google to launch free WiFi hotspots across Mexico

Google is set to bring free WiFi hotspots or a network to Mexico in its efforts to enhance connectivity in the emerging markets and expand in Latin America.

Wed, 14 Mar 2018 07:35:53 GMT

South Korean Foreign Minister still expected to visit US

The Foreign Minister of South Korea is set to visit the United States as scheduled on Thursday, despite the State Secretary Rex Tillerson's dismissal.

Wed, 14 Mar 2018 07:33:22 GMT

Stephen Hawking dies at 76 on Wednesday

The British theoretical physicist Stephen Hawking, who had been publishing the popular books about the mysteries in the Universe, died at 76 on Wednesday's morning.

Wed, 14 Mar 2018 05:59:47 GMT

Asian markets decline

On Wednesday morning Asian share prices declined. Meanwhile, the US Dollar also lost value. The reason for the decline were the newly proposed US tariffs on China.

Wed, 14 Mar 2018 05:59:09 GMT

Trump's tariffs overshadow Chinese growth

The newly proposed tariffs on China have eliminated any possible correction in Asian asset pricing that should have been caused by the better than expected Chinese industrial growth data.

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