News

Note: This section contains information in English only.
Tue, 12 Dec 2017 16:13:49 GMT

German ZEW economic sentiment worsens in December

The German ZEW Indicator of Economic Sentiment declined 1.3 points to 17.4 over the course of December, remaining below the long-term average of 23.7 points.

Tue, 12 Dec 2017 16:13:09 GMT

UK CPI jumps to annual rate of 3.1% in November

The UK Office for National Statistics reported that the state's consumer price inflation rose to its highest level in almost six years, hitting the annual rate of 3.1% in November.

Tue, 12 Dec 2017 15:33:59 GMT

Facebook to start booking advertising revenue locally

On Tuesday, Facebook announced it would book advertising revenue locally amid political pressure, instead of rerouting it through its international HQs in Dublin.

Tue, 12 Dec 2017 15:10:35 GMT

EU plans to prolong economic sanctions against Russia

The European Union is about to agree on Thursday to extend the economic sanctions imposed on Russia until mid-2018, following the annexation of the Crimea region.

Tue, 12 Dec 2017 14:34:32 GMT

Macron's labour reforms seen to be slow, but massive

The French President Emmanuel Macron's labour reforms are expected to be slow, but would have massive impact on the country's stubbornly high unemployment.

Tue, 12 Dec 2017 14:25:15 GMT

Russia plans to keep air bases in Syria

The Kremlin stated on Tuesday that Russia would keep Syria's air bases capable to strike at terrorists, if required, following a partial pull-out of its military.

Tue, 12 Dec 2017 13:34:50 GMT

German KBA watchdog recalls VW SUVs over defeat devices

The Germen KBA watchdog called off on Tuesday Volkswagen's EU sport-utility car, after it had detected illicit emissions control devices.

Tue, 12 Dec 2017 13:31:27 GMT

Comcast abandons Fox assets bid, Disney picks up slack

On Monday, Comcast announced it had abandoned the bid for the Twenty-First Century Fox assets, leaving Walt Disney in the pole position of the $40B-plus deal.

Tue, 12 Dec 2017 12:33:57 GMT

PepsiCo makes largest public pre-order of 100 Tesla Semis

PepsiCo made the biggest pre-order of the 100 Tesla electric Semi trucks, as it seeks to lower fuel costs and fleet emissions, company's CEO stated on Tuesday.

Tue, 12 Dec 2017 12:22:09 GMT

Russia, Turkey to finalise S-400 defence deal next week

The officials of Russia and Turkey were set to meet to finalise the Turkish S-400 surface-to-air missile systems issue in the upcoming week, the President Tayyip Erdogan stated on Monday.

Tue, 12 Dec 2017 11:19:29 GMT

Airbnb revokes payment card in France

In result of a meeting with the Finance Minister of France Bruno Le Maire, Airbnb decided to revoke a payment system that allowed its users to receive funds without money transiting through bank accounts.

Tue, 12 Dec 2017 11:14:16 GMT

German business sentiment decrease in November

According to survey conducted by the ZEW research institute, the mood of German investors decreased to 17.4 from 18.7 due to uncertainty related to formation of the German government as well as divorce bill on Brexit.

Tue, 12 Dec 2017 10:31:21 GMT

Thailand says no trade with N. Korea before US envoy's visit

On Tuesday, Thailand stated there would be no trade between it and North Korea ahead of the US envoy's visit that sought to increase pressure on Pyongyang over its missile programmes.

Tue, 12 Dec 2017 10:19:51 GMT

Audi CEO abandons Ducati acquisition plan

The German carmaker Audi had dropped a plan to sell its motorcycle brand Ducati, the company's CEO Rupert Stadler said, as it expected to be capable to carry Ducati's transformation costs.

Tue, 12 Dec 2017 09:27:52 GMT

EU ceases funding for Cambodia's 2018 election

The European Union suspended funding for the Cambodian 2018 general election due to the main opposition party dissolution that makes a vote inaccurate.

Tue, 12 Dec 2017 09:18:25 GMT

French AXA to increase green project investments fourfold by 2020

France's insurance company AXA was planning to step up its investments in the environmentally-friendly projects to around $11B by 2020, the insurer announced on Tuesday.

Tue, 12 Dec 2017 08:25:56 GMT

Unibail-Rodamco to buy Westfield for $24.7B

France's Unibail-Rodamco is planning to buy Australia's shopping mall owner Westfield for $24.7B, which is seen as the biggest takeover of the Australian firm on record.

Tue, 12 Dec 2017 08:25:47 GMT

Singapore launches its first car-sharing programme

On Tuesday, Singapore launched its first large-scale e-vehicle sharing programme, as the country seeks providing commuters with various transport options and preventing them from buying their own cars.

Tue, 12 Dec 2017 06:07:00 GMT

Cuba says US suspension of visas complicates people exchanges

In a meeting on migration in the city of Havana, Cuban officials told their American colleagues that suspension of visa processing at the US embassy was "seriously hampering" regular people exchanges and family relations.

Tue, 12 Dec 2017 05:59:53 GMT

Crude oil price climbs above $65

Crude oil prices surged by $1.35 on Monday, reaching $65.42 a barrel, as investors focused on unplanned Forties deposit closure in North Sea.

Tue, 12 Dec 2017 05:17:46 GMT

Adrian Orr becomes new RBNZ governor

On late Monday, the government of New Zealand appointed Adrian Orr, the chief of a pension fund, as a new governor of the country's central bank.

Tue, 12 Dec 2017 05:14:05 GMT

Amazon's branch finds new local partner in China

On Tuesday, Amazon Web Services (AWS) announced that it will start offering computer cloud services in the Chinese region of Ningxia together with new local partner Ningxia Western Cloud Data Technology Co Ltd (NWCD).

Tue, 12 Dec 2017 03:52:38 GMT

China's Xi, South Korea's Moon to discuss trade, NK in Beijing summit

China's Xi Jinping and South Korea's Moon Jae-in are set to reaffirm the South Korean deal with China and move past on THAAD, which froze business and trade between the two.

Tue, 12 Dec 2017 03:52:05 GMT

Exxon to show details on climate-change effects on its business

Exxon Mobil stated that it would provide some details over how climate change may affect the company's long-term outlook, in a bid to appease critics.

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