News

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Sun, 07 Apr 2019 09:35:50 GMT

EU: Italy's weakening growth to trigger freeze in spending

Valdis Dombrovskis , the Vice President of the European Commission, stated that Italy might be forced to freeze some of planned public expenditures in 2019, as the country's growth is weaker than expected.

Sun, 07 Apr 2019 09:32:16 GMT

Non-oil private sector of UAE regains pace last month

The United Arab Emirates' non-oil private sector ended the Q1 on a positive note, with rates of growth in new orders and output quickening and employment stabilising, Emirates NBD's survey showed.

Sun, 07 Apr 2019 08:28:13 GMT

Tata Steel's production, sales grow markedly last quarter

Tata Steel reported that the company's Indian operations posted largest crude steel production at 4.47M tonnes in the Q4 of the 2019 financial year, growing 46% year-over-year.

Sun, 07 Apr 2019 08:24:40 GMT

Chinese P2P lending to shrink amid t tighter regulatons

China's peer-to-peer lending industry is expected to keep shrinking and consolidate amid tighter regulations and weak investors' sentiment, Fitch Ratings stated.

Sun, 07 Apr 2019 07:23:03 GMT

China's IT sector shows stable growth

According to the China's Ministry of Industry and Information Technology, the country's IT industry showed a 13.6% growth rate year-on-year in January and February.

Sun, 07 Apr 2019 07:20:02 GMT

California to obstruct Trump's wall construction

The California Governor Gavin Newsom has formed a coalition of 20 states and filed a claim to forbid the White House to use $1.6B from taxpayer funds for construction of the border wall.

Sun, 07 Apr 2019 06:19:05 GMT

Ghosn's wife to seek France's help

According to the Financial Times publication, the former Nissan CEO Carlos Ghosn's wife has left Japan and went to France to ask the government do make more effort to save him.

Sun, 07 Apr 2019 06:15:27 GMT

Chrysler wants to see Tesla cars in its fleet

According to a report published by the Financial Times, Fiat Chrysler Automobiles NV is prepared to pay Tesla Inc millions of euros to make its vehicles as part of its own fleet, thus avoiding paying fines for violation of the EU emission rules.

Sun, 07 Apr 2019 04:26:46 GMT

US to blacklist Revolutionary Guards

According to sources familiar with the matter, the United States is expected to designate Iranian Revolutionary Guards Corps as a terrorist organization.

Sun, 07 Apr 2019 04:24:29 GMT

May repeatedly warns of no-deal Brexit

The UK Prime Minister Theresa May stated on Saturday the longer the government was trying to reach an agreement with the Labour party, the higher is the chance of no-deal exit from the European Union.

Sun, 07 Apr 2019 02:51:21 GMT

Netanyahu to annex settlements in occupied West Bank

On Saturday, Israel's Prime Minister Benjamin Netanyahu said that he planned to annex settlements in the occupied West Bank if re-elected.

Sun, 07 Apr 2019 02:51:12 GMT

Khamenei advises Iraq to force US troop to leave

On Saturday, the Iranian Supreme Leader Ayatollah Ali Khamenei advised Iraq to force the US military to leave the country as quickly as possible.

Sun, 07 Apr 2019 02:23:22 GMT

Corbyn says he is waiting for PM May to move Brexit red lines

Jeremy Corbyn, the UK Labour Party leader, said that he was waiting for the British Prime Minister Theresa May to move the Brexit red lines.

Sun, 07 Apr 2019 02:22:11 GMT

US and China negotiators end trade talks

China and US negotiators have finished their trade discussions, as the Chinese state media said on Saturday that both sides have made new progress in the talks.

Sat, 06 Apr 2019 19:57:09 GMT

Hungary to spend nearly $3.5B on road program

The Hungarian government is set to spend some $3.43B by 2024 on the road network development, official sources showed.

Sat, 06 Apr 2019 19:56:57 GMT

British CMA probes Earthport's acquisition by Visa

The UK Competition and Markets Authority stated that it invested Visa's planned acquisition of Earthport to gauge whether the deal is likely to reduce competition in the country.

Sat, 06 Apr 2019 19:22:19 GMT

UK labour productivity declines in Q4 2018

The UK labour productivity, measured by production per hour, fell by 0.1% year-over-year in the fourth quarter of 2018, the second quarterly decrease in succession, the ONS said.

Sat, 06 Apr 2019 19:21:37 GMT

Indian EV initiative to save $217B of oil equivalents by 2030

India could spare nearly $217B via saving 474M tons of oil equivalent by opting for electric cars till 2030, the government's planning body stated.

Sat, 06 Apr 2019 18:02:17 GMT

Amazon to launch more than 3K satellites

Amazon announced plans to launch a more than 3K low orbit satellites to provide high-speed broadband internet service globally.

Sat, 06 Apr 2019 17:58:58 GMT

Ryanair's traffic up 9% in March

Europe's biggest budget airline Ryanair handled a total of 10.9M million passengers in March, up 9% compared with the same period last year, the company stated.

Sat, 06 Apr 2019 17:24:08 GMT

China, CEEC report trade growth

According to the China's Ministry of Commerce, the bilateral trade with Central and Eastern European Countries (CEEC) showed stable growth last year, reaching $82.23B turnover.

Sat, 06 Apr 2019 17:21:11 GMT

Norway to increase renewable energy spending

According to the NTB news agency, the Norwegian government has decided to double investments of the Government Pension Fund Global into renewable energy.

Sat, 06 Apr 2019 16:27:43 GMT

Laos welcomes China's railway project

The President of Laos Bounnhang Vorachith on Saturday welcomed the construction of a railway between China and Laos as a part of the Belt and Road Initiative, saying it would benefit the country and its people.

Sat, 06 Apr 2019 16:19:13 GMT

Boeing to lower 737 model production

The Boeing CEO Dennis Muilenburg stated on Friday that the company would decrease the production of 737 model in order to devote more resources to the improvement of the 737 Max model.

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