News

Note: This section contains information in English only.
Fri, 11 Aug 2017 07:02:14 GMT

US economic expansion to continue at least two years more

According to polls, the US may mark its longest economic expansion in over 150 years, if the recovery from 2007-2009 financial crisis takes another two years or more.

Fri, 11 Aug 2017 06:51:45 GMT

Benchmark sues ex-Uber CEO Kalanick to force him off board

The venture capital company Benchmark has filed a suit against the former CEO of Uber Travis Kalanick as it seeks to force him off the ride-services firm's board.

Fri, 11 Aug 2017 06:29:07 GMT

6.6-magnitude shakes Philippines' Luzon island

On Friday, a 6.6-magnitude earthquake hit the Philippine's island of Luzon with jolts felt in the capital of Manila that forced the evacuation of schools and offices; however, no casualties were reported yet.

Fri, 11 Aug 2017 05:13:52 GMT

Google cancels company meeting on fears of online harassment

Google's meeting to elaborate on the fallout of the company's decision to dismiss the employee that posted an anti-diversity memo last week was cancelled due to fears over online harassment.

Fri, 11 Aug 2017 05:12:32 GMT

China: Sea of Japan does not belong to Tokyo

Responding to the warning issued to China over its increased military activity in the Sea of Japan, the chief of the Chinese air forces said Tokyo did not own the sea.

Fri, 11 Aug 2017 04:20:37 GMT

Global Times: China should remain neutral if NK fires on US

Global Times, the Chinese government-run newspaper, said the state should keep neutrality in case North Korea launches a missile attack on the United States.

Fri, 11 Aug 2017 04:19:58 GMT

Cambodia's PM accuses Laos of border breaching

On Friday, the Prime Minister of Cambodia Hun Sen accused Laos of breaching the border between the two countries back in April and said their troops had to leave before 17 August.

Fri, 11 Aug 2017 02:53:09 GMT

White House to release tax reform plan in September

The White House is expected to issue a document in September, showing a framework on overhauling the US tax bill, sources said.

Fri, 11 Aug 2017 02:52:45 GMT

PayPal announces acquisition with Swift Financial

PayPal is set to acquire Swift Financial, the US online lender, aiming to enhance services for small businesses to support their growth.

Fri, 11 Aug 2017 02:08:18 GMT

Most economist anticipate Fed to raise rates in December

Most US economist expected the Federal Reserve to make next rate hike in December and start unwinding $4.5T balance sheet in September, survey showed.

Fri, 11 Aug 2017 02:07:06 GMT

Mexico expects NAFTA to offer great growth potential if updated

NAFTA was expected to offer a great potential to expand benefits for productive changes of its members, if Mexico could avoid trade tariffs, Mexican officials stated.

Thu, 10 Aug 2017 20:07:38 GMT

Oil prices slip to $51.90

On Thursday, crude oil prices lost 1.52% and settled down at $51.90 a barrel amid rising worries over a global oversupply and insufficient demand.

Thu, 10 Aug 2017 20:07:29 GMT

Benchmark Capital files a suit against Kalanick

According to the Axios news website, Benchmark Capital filed a law suit against the Uber's former CEO Travis Kalanick for breach of contract and fraud.

Thu, 10 Aug 2017 19:09:28 GMT

US deficit amounts to $43B in July

On Thursday, the US Department of the Treasury posted a $43B deficit for July on a year-over-year basis amid higher tax revenues and lower medical care spending.

Thu, 10 Aug 2017 19:09:17 GMT

AGOA talks end with no progress

On Thursday, the US and African officials finished their negotiations over review of the African Growth and Opportunity Act with no notable result.

Thu, 10 Aug 2017 18:09:41 GMT

Trump appoints Chatterjee to lead FERC

On Thursday, the US President Donald Trump had appointed Neil Chatterjee, as a president of the Federal Energy Regulatory Commission.

Thu, 10 Aug 2017 18:09:12 GMT

Trump blames McConnell for healthcare fiasco

The US President Donald Trump criticised the US Senate Majority Leader Mitch McConnell for inability to finally repeal and replace the 2010 Affordable Care Act.

Thu, 10 Aug 2017 16:54:58 GMT

OPEC expects higher oil demand in 2018

OPEC announced that it expects an increase in demand for crude oil in the next year, as the global consumption continued to grow.

Thu, 10 Aug 2017 16:54:26 GMT

US producer prices fall surprisingly in July

The Commerce Department reported that the US Producer Prices Index dropped 0.1% in July, while analysts anticipated a 0.1% rise.

Thu, 10 Aug 2017 16:35:56 GMT

GE to partially close NY facility, move manufacturing to China

General Electric announced that it would close the part of the company's manufacturing facility in the city of New York, planning to relocate it to China.

Thu, 10 Aug 2017 16:35:19 GMT

Tunisian airline transfers 22.7% more passengers in July

Tunisair reported a yearly increase of 22.7% in the amount of passengers in July, with the total number of 384K clients travelled by the Tunisian airline in the reported period.

Thu, 10 Aug 2017 14:54:21 GMT

New Zealand faces decrease in fuel spending in July

Statistics New Zealand reported that domestic drivers spent 4.9% less money on fuel over the course of July, the weakest monthly spending since February 2015.

Thu, 10 Aug 2017 14:54:11 GMT

ECB expected to change QE in September

The European Central Bank is more likely to change its QE programme in September, rather than in October, an analysts' poll showed.

Thu, 10 Aug 2017 14:21:16 GMT

Former City banker Rodriguez named as Barclaycard head

Barclays appointed the ex-Citigroup banker Barry Rodriguez as its Barclaycard International's director, the British bank reported on Thursday.

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