News

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Mon, 09 Apr 2018 10:37:41 GMT

Iran: Trump to regret pulling out of nuclear deal

On Monday, the Iranian President Hassan Rouhani stated that the US leader Donald Trump would regret dropping out of Iran's nuclear accord and vowing that Tehran would respond tougher than he might think.

Mon, 09 Apr 2018 10:33:36 GMT

Tesla to call off around 9K cars in China this summer

According to the Chinese quality watchdog, Tesla is planning to recall 8,898 Model S cars in China from June 28 to replace bolts in the vehicles' power steering component.

Mon, 09 Apr 2018 09:38:12 GMT

Alibaba's funding brings SenseTime's value to $4.5B

China's facial recognition tech developer SenseTime signed a $600M funding round with Alibaba Group, bringing the company's value to about $4.5B.

Mon, 09 Apr 2018 09:34:37 GMT

Viacom calls on CBS to lift bid by $2.8B

According to sources familiar with the issue, Viacom asked CBS to raise its merger bid by nearly $2.8B or more, indicating the sufficient gap in the price expectations of the US media company.

Mon, 09 Apr 2018 08:39:13 GMT

Xiaomi seeks suppliers to set up base in India

The Chinese tech company Xiaomi is seeking its smartphone component suppliers to invest in India by setting up a base that could potentially bring about $2.5B of investment to the country and create 50K jobs.

Mon, 09 Apr 2018 08:35:31 GMT

German exports drop to its lowest since 2015

Germany's seasonally adjusted exports posted their biggest drop of 3.2% in February since August 2015, according to the Federal Statistic Office data revealed on Monday.

Mon, 09 Apr 2018 07:35:28 GMT

Hungarian PM Orban wins another term in power

On Sunday, Hungary's Prime Minister Viktor Orban won his third term in power on the back of a strong majority for Orban's party in the Parliament, following his anti-immigration campaign message.

Mon, 09 Apr 2018 07:29:44 GMT

BoJ's Governor Kuroda to hold meeting with PM Abe

The Japanese Prime Minister Shinzo Abe and the Governor for the Bank of Japan Haruhiko Kuroda are set to meet on Monday, following the BoJ head's official reappointment for his next five-year term.

Mon, 09 Apr 2018 06:32:18 GMT

Dubai cryptocurrency firm rebuffs Alibaba's trademark infringement

The cryptocurency company based in Dubai Alibabacoin Foundation has denied the trademark infringement allegations filed against it in the US lawsuit by China's retailer Alibaba Group Holding.

Mon, 09 Apr 2018 06:27:08 GMT

US confirms Russia not involved in Arizona 2016 election database hack

The Trump Administration confirmed on Sunday that Russia's government had not been behind the Arizona database hacks during the 2016 Presidential election in the United States.

Mon, 09 Apr 2018 05:34:36 GMT

Adidas to shut down stores amid online push

According to the CEO Kasper Rorsted, Adidas is planning to close a number of its physical stores in the nearest future, as the company seeks to develop its e-commerce sales.

Mon, 09 Apr 2018 05:29:53 GMT

California to introduce new automotive car rules to pick up passengers

California's public utility regulator is planning to allow self-driving car firms to make passenger transportation without a back-up driver, despite the automotive industry faces scrutiny on safety concerns.

Mon, 09 Apr 2018 04:39:57 GMT

North Korea ready to discuss denuclearisation with US

According to a US official, North Korea is eager to discuss the Korean peninsula's denuclearisation with the United States at the official meeting between Kim Jong Un and Donald Trump.

Mon, 09 Apr 2018 04:34:36 GMT

Zuckerberg to hold meeting with US lawmakers on Monday

Facebook's CEO Mark Zuckerberg is set to meet some US lawmakers this Monday, right ahead of the Congressional hearings over the private user data scandal.

Mon, 09 Apr 2018 03:31:55 GMT

UK businesses more upbeat on Brexit transition deal

Accountancy company Deloitte stated that 27% of the UK leading companies' CFO interviewed just after the last month's Brexit transition deal were more upbeat than three months earlier.

Mon, 09 Apr 2018 03:28:42 GMT

Rusal shares drop 31% on US sanctions

United Company Rusal's shares plummeted 31% on Monday after Russia's aluminium major was included in the United States' new sanctions list.

Mon, 09 Apr 2018 01:55:01 GMT

Japan trade surplus narrows in February

Japan's Ministry of Finance reported that the country's trade surplus narrowed to 1.02 trillion yen in February from the preceding month's surplus of 2.02 trillion yen.

Mon, 09 Apr 2018 01:54:09 GMT

AIG Construction Index comes in at 57.2 last month

The Australian Industry Group reported that its Construction Index rose to 57.2 in March from the prior month's 56.0.

Sun, 08 Apr 2018 20:23:31 GMT

Tehran says reports of Syria gas attack ‘excuse' for military action

The Iranian Foreign Ministry stated on Sunday that reports of a chemical attack in Syria were an "excuse" by the US to take military action against the Syrian government.

Sun, 08 Apr 2018 20:20:05 GMT

Ex-Treasury Secretary compares Trump to Mussolini

The ex-Treasury Secretary Lawrence Summers called the US President Donald Trump's recent attacks on Amazon a "jihad" and compared him to Benito Mussolini.

Sun, 08 Apr 2018 18:55:23 GMT

New French Socialist leader says he will revive party

Olivier Faure, a newly-elected leader of the French Socialist Party, stated on Sunday that he would revive the party following its crushing defeat in the latest elections.

Sun, 08 Apr 2018 18:54:31 GMT

UN Security Council to hold meeting over Syria chemical attack

Official sources reported on Sunday that the UN Security Council would likely hold a meeting on Monday to discuss the latest chemical attack in Syria.

Sun, 08 Apr 2018 18:10:38 GMT

US Treasury Secretary does not expect trade war

The US Treasury Secretary Steven Mnuchin stated on Sunday that he did not expect the United States and China to start a trade war.

Sun, 08 Apr 2018 18:07:58 GMT

Trump says China will loosen trade restrictions

The US President Donald Trump tweeted on Sunday that China would likely loosen trade restrictions in response to pressure from Washington.

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