News

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Thu, 25 Jan 2018 09:34:52 GMT

US applies more sanctions on KP, urges for expulsions

On Wednesday, the United States imposed more sanctions on North Korea and urged Russia and China to expel its raising funds for the nuclear weapon programme.

Thu, 25 Jan 2018 09:27:41 GMT

PM May to travel to China next week

According to the Chinese Foreign Ministry, the British Prime Minister Theresa May is set to visit China regarding a free trade deal on January 31 and will stay in the country until February 2.

Thu, 25 Jan 2018 08:34:32 GMT

Five dead as train derails close to Milan

At least five people are reported to be dead on Thursday as a train Ferrovie dello Stato derails near Milan.

Thu, 25 Jan 2018 08:31:19 GMT

LG Elec gets back to Q4 operating profit

On Thursday, South Korean LG Electronics stated it had swung back to its Q4 operating profit of 366.9B won, following the last year's loss report.

Thu, 25 Jan 2018 07:31:32 GMT

Meg Whitman to become Katzenberg's NewTV CEO

The Chief Executive of Hewlett Packard Enterprise Meg Whitman is set to become new CEO of Jeffrey Katzenberg's mobile media start-up NewTV on March 1 this year.

Thu, 25 Jan 2018 07:28:13 GMT

US grocer Kroger, Alibaba in taolks on cooperation

China's e-commerce and tech company Alibaba is in early business talks on a possible cooperation with the US grocer Kroger, following Amazon.com's aggressive expansion into groceries.

Thu, 25 Jan 2018 06:02:52 GMT

South Korea's economy shrinks in Q4 on weak exports, autumn holiday

The economy of South Korea contracted in the Q4, as industrial production and car exporters failed to sustain the prior quarter's pace, posting the weakest performance in nine years.

Thu, 25 Jan 2018 06:02:08 GMT

Qualcomm signs sales MOUs with Xiaomi, Lenevo, OPPO and vivo

Qualcomm has signed sales memorandums of understanding with China's smartphone makers Xiaomi, Lenovo, vivo and OPPO to supply RFFE solutions worth $2B during the next three years.

Thu, 25 Jan 2018 05:10:45 GMT

Ford hit by higher commodity prices

Ford Motor reported a weaker-than-anticipated net profit for the quarter, affected by higher costs of commodities and unfavourable FX rates, expecting stronger hit in 2018.

Thu, 25 Jan 2018 05:10:12 GMT

LG to raise prices of washers in US due to tariffs

LG Electronics announced that it would hike prices of the majority of the company's washing machines in the US, just after tariffs on imported washers were imposed.

Thu, 25 Jan 2018 04:33:12 GMT

Uber CEO to visit Asia in February

Dara Khosrowshahi, the CEO of Uber, is expected to visit India, Japan next month, aiming to enhance the image of ride-hailing firm in the region.

Thu, 25 Jan 2018 04:32:31 GMT

SK Hynix profit at record high in Q4

The South Korean firm SK Hynix reported the record-high profit in the Q4 of 2017, predicting demand for memory chips to surge further this year.

Thu, 25 Jan 2018 02:55:58 GMT

Seoul voices concerns over US strike on North Korea

A former-CIA official reported Seoul was worried that the United States might launch an attack on North Korea.

Thu, 25 Jan 2018 02:53:23 GMT

North Korea calls for ‘all Koreans' to unify Korean Peninsula

On Thursday, North Korea called for "all Koreans" on both sides of the border to "smash all challenges" and unify the Korean Peninsula.

Wed, 24 Jan 2018 20:58:43 GMT

Report: Wireless POS terminal market could reach $13bn by 2023

The wireless POS terminal market was worth around $6.73bn in 2017, while its growth potential is $13bn by 2023, a report by ResearchAndMarkets.com showed on Wednesday.

Wed, 24 Jan 2018 20:58:18 GMT

White House to publish immigration framework on Monday

The White House is set to publish a legislative framework for the immigration bill on Monday.

Wed, 24 Jan 2018 20:14:11 GMT

NHTSA to probe Tesla's autopilot crash

The US National Highway Traffic Safety Administration is set to investigate the crash of a semi-autonomous Tesla vehicle which occurred on Monday.

Wed, 24 Jan 2018 20:07:05 GMT

EU leaders warn about return of nationalism

While attending the World Economic Forum in Davos, several EU leaders warned about the increasing popularity of nationalism, thus calling for greater cooperation.

Wed, 24 Jan 2018 18:53:36 GMT

Merkel says isolation not to resolve ongoing challenges

Speaking at the World Economic Forum in Davos, the German Chancellor Angela Merkel said that isolation and protectionism would not resolve the challenges the world is facing.

Wed, 24 Jan 2018 18:52:47 GMT

Abe to attend Olympics in South Korea

On Wednesday, the Prime Minister of Japan Shinzo Abe revealed that he was going to attend the next month's Winter Olympics in Pyeongchang, South Korea.

Wed, 24 Jan 2018 18:28:34 GMT

US crude oil inventories drop 1.1M barrels last week

According to the data released by the US Energy Information Administration, crude oil inventories dropped 1.1M barrels in the week ended January 19.

Wed, 24 Jan 2018 18:27:26 GMT

US December home resales drop to 5.57M

Data released by the US National Association of Realtors showed that existing home sales slumped 3.6% to a seasonally-adjusted yearly pace of 5.57M units over the course of December.

Wed, 24 Jan 2018 17:02:48 GMT

UK unemployment rate holds steady in November

The Office for National Statistics reported on Wednesday that the unemployment rate in the United Kingdom held steady at 4.3% in November.

Wed, 24 Jan 2018 17:02:25 GMT

Markit flash services PMI for Euro zone jumps in January

Markit reported on Wednesday that its flash services PMI for the Euro zone topped economists' expectations, surging to 57.6 points in January.

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