News

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Sat, 03 Nov 2018 17:52:34 GMT

Tesla to achieve 3K weekly Model 3 production in China

The US top electric vehicle maker Tesla announced plans to produce 3K of Model 3 vehicles per week in China in the future, as it iset to invest up to $6B on equipment and factories over the next years.

Sat, 03 Nov 2018 17:51:54 GMT

PBoC: country's financial system stable

The Chinese financial system revealed resilience and stability due to growing external uncertainties, as the country moved towards the resolve of systemic risks, the country's Central Bank stated.

Sat, 03 Nov 2018 16:54:47 GMT

Spain visited by 66.2M tourists in 2018 first nine months

A total of 66.2M foreign tourists visited Spain in the nine-month period of 2018, unchanged from 2017, while tourist spending rose 2.5% in the same period, the country's government confirmed.

Sat, 03 Nov 2018 16:53:55 GMT

Italy to invest $188M in Tunisia's development projects

Visiting Italy's Prime Minister Giuseppe Conte stated that Italy is set to invest €165M or $188M in the development project in Tunisia for the three-year period to 2020.

Sat, 03 Nov 2018 15:53:30 GMT

German GDP to fall 0.3% in Q3

The German Kiel Institute for the World Economy's think tank predicted that the country's economic output would decline approximately 0.3% in the third quarter of 2018.

Sat, 03 Nov 2018 15:51:16 GMT

Switzerland to diminish drug prices nearly 20%

Switzerland is likely to diminish prices of 288 medicines about 20% starting from Decemeber, saving patients 100M Swiss francs, the FOPH stated.

Sat, 03 Nov 2018 14:52:26 GMT

Opel to appeal Germany's KBA diesel recall

Opel is set to appeal a recall ordered by Germany's Federal Motor Transport Authority for particular types of diesel cars allegedly fitted with illegitimate defeat devices, the carmaker confirmed.

Sat, 03 Nov 2018 14:48:03 GMT

Ukrainian GDP estimated to reveal 3.1% growth in Q3

Ukraine's gross domestic product is expected to grow 3.1% year-over-year in the third quarter, largely due to solid domestic consumption, the country's Central Bank stated.

Sat, 03 Nov 2018 14:31:38 GMT

Lloyds, Barclays surprise in bank stress test

Britain's Barclays, Lloyds were the unexpected laggards in the EU bank health check, though none of the 48 lenders failed the main capital threshold.

Sat, 03 Nov 2018 14:27:49 GMT

iPhone sales in India to decline for first time since 2014

Apple's iPhone sales areexpected to dip by around a 25% in India's holiday season Q4, putting sales on course for the first fall in four years, research company Counterpoint stated.

Sat, 03 Nov 2018 12:47:19 GMT

Berkshire Hathaway doubles profits

On Saturday, Berkshire Hathaway announced that the company has nearly doubled its operating profit in the third quarter of 2018.

Sat, 03 Nov 2018 12:47:10 GMT

Irish Prime Minister comments on Brexit

The Prime Minister of Ireland announced on Saturday that Brexit has undermined the Good Friday Agreement.

Sat, 03 Nov 2018 11:42:28 GMT

Iran starts local jet fighter production

On Saturday, Iranian officials announced that the country has begun to produce locally designed Kowsar jet planes.

Sat, 03 Nov 2018 11:41:53 GMT

Tesla receives another subpoena

The US Securities and Exchange Commission has sent Tesla a subpoena about the Model 3 2017 production forecasts.

Sat, 03 Nov 2018 11:27:15 GMT

Google's top lobbyist steps down

The head of Google's lobbyism unit in Washington Susan Molinari is stepping down, as she has failed to stop the criticism of the government of Google malpractices.

Sat, 03 Nov 2018 11:26:30 GMT

Khamenei comments on US sanctions

On Saturday, the Supreme Leader of Iran on state TV announced that the United States have lost the 40 year long standoff against Iran.

Sat, 03 Nov 2018 09:49:11 GMT

Turkey expects to know about Iranian sanctions on Monday

The Turkish Trade Minister has announced that he will know on Monday whether Turkey will be allowed by the US to import Iranian oil.

Sat, 03 Nov 2018 09:48:26 GMT

Iran seeks EU assurances

On Saturday, Iranian representatives were looking for reassurance of support from the European Union prior to the US imposing additional sanctions.

Sat, 03 Nov 2018 09:27:55 GMT

Russia will host talks in Afghanistan

On Saturday, Russian officials announced that the country will host talks between the Afghani government and Taliban.

Sat, 03 Nov 2018 09:27:12 GMT

Financial lobby prepares for election results

On Saturday, the financial lobbyism industry revealed that they will concentrate on moderate democrats and regulatory agencies, if Democrats manage to win the upcoming elections.

Sat, 03 Nov 2018 07:53:21 GMT

Trump comments on trade with China

The US President revealed on Friday that most likely a trade deal with China will eventually be made.

Sat, 03 Nov 2018 07:52:53 GMT

Pakistan's currency reserves continue to decline

The foreign reserves of Pakistan have plunged 42% since 2017 to almost $8 billion, which can cover two months of import.

Sat, 03 Nov 2018 07:28:45 GMT

China discusses aid with Pakistan

On Saturday, Chinese representatives revealed that China will provide economic aid to Pakistan.

Sat, 03 Nov 2018 07:28:02 GMT

China requests talks with US

On Saturday, Chinese officials announced that they are willing to resolve trade deal issues with the United States.

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