News

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Sat, 26 May 2018 07:11:52 GMT

Kenya moves to set regulations for fintech-fuelled lending craze

Kenya created a reputation by being a front runner of financial inclusion due to its quick legitimation of a mobile payment system, allowing individuals to make payments on their cellphones.

Sat, 26 May 2018 07:11:43 GMT

Miner Grupo Mexico points out sabotage for cargo train derailments

On Friday, Mexican infrastructure and miner company Grupo Mexico stated that seven cargo train derailments were caused as a result of sabotage and would leave a $16M loss.

Sat, 26 May 2018 06:02:41 GMT

New privacy law makes some US media offline in European countries

Major US-media outlets including the Chicago Tribune and LA Times were forced to close their websites down in some parts of Europe, following the new privacy regulations.

Sat, 26 May 2018 06:02:28 GMT

Former Panama president in his jail letter blames US for extradition

Ex-Panama president Ricardo Martinelli, still in Miami jail on spying charges awaits for extradition to his country of origin, stated in a letter unveiled on Friday.

Sat, 26 May 2018 05:33:52 GMT

Customers angry after technology outage in National Australia Bank

On Saturday, The National Australia Bank experienced a nationwide technological system crash, leaving its customers unable to withdraw money or access banking services.

Sat, 26 May 2018 05:22:21 GMT

Chinese J-15 jets finish night landings in the push for modernization

Night time landings on the China's first aircraft carrier have been carried out by Chinese fighter pilots, the most recent demonstration of Beijing to upgrade its military forces.

Sat, 26 May 2018 04:28:53 GMT

China probes previous Bright Food board member for suspected graft

China is in the process of investigating previous chairman of a state-owned company Bright Food Group for a possible graft, the anti-corruption watchdog said.

Sat, 26 May 2018 04:19:35 GMT

Audi CEO claims diesel troubles not over and continue to stay on

Audi Chief Executive Officer Rupert Stadler claimed that affair of diesel emissions was not over, thus promised to remain at the wheel of the German based luxury car maker.

Fri, 25 May 2018 20:32:19 GMT

PM: Poland wants Romania in Schengen Area

Poland wants Romania to be part of the Schengen border control-free travel area, the Polish Prime Minister Mateusz Morawiecki says.

Fri, 25 May 2018 20:31:39 GMT

China, Oman announce strategic partnership

China and Oman on Friday announced the establishment of strategic cooperation between the two nations.

Fri, 25 May 2018 19:34:55 GMT

Britain, Spain to hold joint naval exercise with Israel

British and Spanish warships arrived in Israel to hold a joint naval exercise with Israel, the Israeli military says.

Fri, 25 May 2018 19:34:16 GMT

Iran more confident to save nuclear agreement

The Iranian Deputy Foreign Minister Abbas Araghchi is more confident about saving the nuclear agreement after talks with the other parties on Friday.

Fri, 25 May 2018 18:01:27 GMT

Putin and Macron bond over common concern of actions of Trump

On Friday, Russian President Vladimir Putin and French President Emmanuel Macron found a common reason in their mutual unease at the US President Donald Trump's actions on Iran.

Fri, 25 May 2018 18:01:17 GMT

US made a deal to maintain Chinese telecom company ZTE in business

The US government has made an agreement to set Chinese telecommunications company ZTE Corp back to the business, which was told to lawmakers by the Trump administration on Friday.

Fri, 25 May 2018 17:02:28 GMT

DC airport bonds to steer holiday week in US muni market

Washington, DC's airport authority is going to lead a holiday-shortened workweek in the US municipal bond market by issuing $578M in refunding bonds, heading towards the capital projects.

Fri, 25 May 2018 17:01:35 GMT

Trump lawyer shortly before inauguration met Russian oligarch

Donald Trump's lawyer Michael Cohen met a Russian oligarch with connections to the Kremlin not more than 14 days before Trump's inauguration for a president, a source said on Friday.

Fri, 25 May 2018 16:30:48 GMT

US business expenditure on equipment improving

New purchases for key US-made capital goods accelerated more than expected and shipments rebounded in the month of April, indicating an average pick-up in business spending.

Fri, 25 May 2018 16:23:45 GMT

US allies worse off situation while fronting steel import quotas

US federal government moves to discuss steel import quotas together with their allies in return for tariff exemptions, which might leave them in a worse off situation.

Fri, 25 May 2018 15:34:45 GMT

Billionaire Icahn sells a number of his shares in a Herbalife company

Carl Icahn, who is billionaire investor and has devoted years protecting Herbalife Nutrition Ltd against well-known short-seller William Ackman, has sold a little part of his shares.

Fri, 25 May 2018 15:25:20 GMT

People from Australia to Britain feel Deutsche Bank employment cuts

The consequences of Deutsche Bank's job cuts are being felt already from Sydney to London, in total to cut a minimum of 7000 jobs, said in the anonymity lasting person.

Fri, 25 May 2018 14:37:14 GMT

China to use cornerstone investors to aid Xiaomi, Alibaba list at hone

China is planning to use cornerstones to aid its tech majors such as Xiaomi and Alibaba to launch listing in the mainland, three sources familiar with the matter said.

Fri, 25 May 2018 14:34:40 GMT

Braskem valued at $11.4B in bid to Brazil's Odebrecht

LyondellBasell Industries valued Brazil's petrochemical firm Braskem at $11.4B in a bid to Odebrecht Sa last month, according to the Valor Economico newspaper.

Fri, 25 May 2018 13:31:11 GMT

Italy's Eni working on joint bid for solar assets of Terra Firma

The CEO of Italy's oil giant Eni, Claudio Descalzi, stated on Friday the company was working on a bid for the solar assets of Terra Firma with Qatar Petroleum in Italy.

Fri, 25 May 2018 13:24:30 GMT

Mexico's Guajardo sees 40% chance of NAFTA accord

On Friday, Ildefonso Guajardo, the Mexican Economy Minister stated he had seen a 40% chance of finalising the renegotiation of the NAFTA deal ahead of the country's Presidential election set for July 1.

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