News

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Thu, 28 Sep 2017 06:34:08 GMT

US seeks inquiry into Allergan deal with Native Americans

The US senators called the Senate Judiciary Committee to start an inquiry into an Allergan's transfer deal with the Native American tribe, deemed to protect its parents from a generic challenge.

Thu, 28 Sep 2017 06:21:54 GMT

Japan PM Abe calls for snap election as Parliament dissolved

On Thursday, the Japanese Prime Minister Shinzo Abe called for snap election on October 22, after he had dissolved the Parliament's lower house earlier this week.

Thu, 28 Sep 2017 04:56:09 GMT

Malaysia bans visiting North Korea due to rising tension

Malaysia announced that it banned its citizens from travelling to North Korea amid escalating tensions over the development of Pyongyang's nuclear and missile programs.

Thu, 28 Sep 2017 04:55:36 GMT

Rents in London skyscrapers remain highest in Europe despite Brexit

Rents for offices in London skyscrapers were still the highest in Europe, as the UK capital remained the most popular for business hubs despite Brexit.

Thu, 28 Sep 2017 04:03:34 GMT

South Korea anticipates more provocations from NK in October

South Korea expected North Korea to take more provocative steps in mid-October, where actions could coincide with the anniversary of its communist party founding.

Thu, 28 Sep 2017 04:02:54 GMT

Trump suggests US tax overhaul, raises concerns over deficit

The US President Donald Trump proposed the largest US tax overhaul in the last three decades, calling for lower taxes for most Americans, while prompting doubts on diminished deficit.

Thu, 28 Sep 2017 03:11:58 GMT

China to spur imports to balance trade structure

China is likely to extend imports aiming to make the country's trade structure well balanced, the Commerce Ministry spokesman said on Thursday.

Thu, 28 Sep 2017 03:08:34 GMT

Mazda, Toyota, Denso to set up electric vehicle JV

Mazda Motor, Toyota and its affiliated parts producer Denso are expected to form a joint venture to start developing electric vehicles, Japan's public broadcaster NHK sad.

Thu, 28 Sep 2017 01:54:12 GMT

Google, Twitter, Facebook asked to testify on Russia's meddling

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.

Thu, 28 Sep 2017 01:53:32 GMT

Fed's Rosengren sees raising rates needed to avoid risks

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.

Wed, 27 Sep 2017 20:19:43 GMT

Facebook removes thousands of fake accounts for German election

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.

Wed, 27 Sep 2017 20:05:11 GMT

Turkey reports 13 die in north Iraq air strike

Turkish authorities reported in a statement that 13 Kurdish PKK fighters had died on Wednesday after Turkish jets struck a target in northern Iraq.

Wed, 27 Sep 2017 19:24:14 GMT

Bank of Canada signals interest-rate pause

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.

Wed, 27 Sep 2017 19:15:22 GMT

Trump not to negotiate on 20% corporate tax rate

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%.

Wed, 27 Sep 2017 18:16:17 GMT

Audi to build electric vehicles across the world

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.

Wed, 27 Sep 2017 18:15:56 GMT

Valuation of Spotify reaches $16B in private trades

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.

Wed, 27 Sep 2017 16:40:37 GMT

US pending home sales decrease 2.6% in August

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.

Wed, 27 Sep 2017 16:40:04 GMT

Boeing to lose business in UK over Bombardier row

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.

Wed, 27 Sep 2017 15:57:16 GMT

French government to reach EU credibility with 2018 budget

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.

Wed, 27 Sep 2017 15:55:36 GMT

EU border controls to be extended in crisis

The European Commission suggested extending transitory border controls inside the EU free-travel zone for nearly three years in an attempt to stem migration.

Wed, 27 Sep 2017 15:22:22 GMT

US durable goods data reaffirms economic strength

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.

Wed, 27 Sep 2017 15:19:27 GMT

Dubai begins tests aiming to introduce first flying taxi service

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.

Wed, 27 Sep 2017 14:24:32 GMT

VW's truckmaker Scania to pay $1B fine for price fixing

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.

Wed, 27 Sep 2017 14:10:14 GMT

Bombardier dispute may put UK-Boeing ties at risk

On Wednesday, the UK Defence Secretary stated that Boeing's trade challenge taken against its Canadian rival Bombardier could jeopardise the US company's relationship with Britain.

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