News

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Fri, 06 Apr 2018 16:34:37 GMT

EU: Facebook confirms data of 2.7M users 'improperly shared'

Facebook confirmed that the data of the social network's 2.7M users within the EU was improperly used by Cambridge Analytica, the EU executive stated.

Fri, 06 Apr 2018 16:31:35 GMT

US job gains weakest in six months

The US economy created the smallest amount of jobs in the six-month period ending in March, the Labour Department stated on Friday.

Fri, 06 Apr 2018 15:35:28 GMT

Netflix offers $300M for billboard firm

Netflix was attempting the company's biggest acquisition, suggesting more than $300M to acquire a business, which owns billboards in Los Angeles, according to sources familiar with the matter.

Fri, 06 Apr 2018 15:33:36 GMT

NAFTA's ministers meet to negotiate possible deal

Top Mexican, Canadian and the US officials are expected to meet to talk about possible prospects for an agreement to upgrade NAFTA due to pressure from Washington to get a deal quicker, despite unresolved issues.

Fri, 06 Apr 2018 14:36:22 GMT

Activist fund values Toshiba's chip unit at $40B

Hong Kong's activist investment fund valued Toshiba's chip unit at as much as $40B, double its sale price agreed with the Bain-led consortium.

Fri, 06 Apr 2018 14:22:31 GMT

Retailers Coop and Edeka expand boycott of Nestle

Two supermarkets Coop and Edeka expanded their Nestle products boycott, putting more pressure on the Swiss company in the pricing stand-off with some other EU retailers.

Fri, 06 Apr 2018 13:16:10 GMT

Czech SDP votes to finish govt negotiations with PM Babis

Leadership of the Czech Social Democratic party voted to terminate the government talks with the ANO party led by the Prime Minister Andrej Babis, sources stated on Friday.

Fri, 06 Apr 2018 13:08:09 GMT

World Bank provides Lebanon with $4B in loans

On Friday, the World Bank provided Lebanon with $4B in loans over five years at the Paris donor conference, the country's Economy Minister stated.

Fri, 06 Apr 2018 12:31:31 GMT

Uber to postpone app's shutdown in Singapore

According to the Singapore competition watchdog, Uber is set to postpone the shutdown of its ride-hailing app in Singapore until April 15 due to competition review.

Fri, 06 Apr 2018 11:32:21 GMT

Ford gets ECB's permit for German banking licence

The European Central Bank granted an approval to Ford for its app to set up a German bank amid carmaker's strategy to soften possible risks from Britain's withdrawal from the EU.

Fri, 06 Apr 2018 11:26:48 GMT

France pledges $672M to support Lebanon economy

On Friday, France stated it would pledge $672M in aid to Lebanon to support its economic reforms amid the country's struggles from the Syrian war impact.

Fri, 06 Apr 2018 09:52:17 GMT

FTSE 100 falls amid Trump's trade talk

The UK's benchmark index FTSE 100 fell 0.2% to 7 181.42 on Friday in response to comments by the US President Donald Trump about additional trade tariffs on China.

Fri, 06 Apr 2018 09:52:08 GMT

Russia files lawsuit to limit access to Telegram

The Russian FSB Federal Security service has filed a lawsuit in order to restrict access to the messaging app Telegram after its refusal to provide clients' secret messages.

Fri, 06 Apr 2018 08:55:18 GMT

India urges for jeweller Nirav Modi arrest in bank fraud

India urged Hong Kong authorities on Friday to arrest the jeweller Nirav Modi, a suspect in a $2B fraud at Punjab National Bank, as the fugitive might be on the territory of China.

Fri, 06 Apr 2018 08:55:08 GMT

China's Didi ride-hailing service officially launched in Mexico

Uber's rival Didi Chuxing Technology made a public launch in Mexico by recruiting drivers and advertising its ride-hailing services, saying the firm would start operations in the nearest future.

Fri, 06 Apr 2018 07:53:55 GMT

LG Electronics eyes highest Q1 profit in nine years

LG Electronics stated on Friday it was expecting its Q1 operating profit to surge 20% from the prior year to the company's highest since 2009, topping market forecasts.

Fri, 06 Apr 2018 07:53:45 GMT

South Korea calls on GM, union to agree on wage deal swiftly

On Friday, South Korea called on General Motors and the local labour union to reach a deal on wages swiftly to let the government discuss support for the carmaker on agreement condition.

Fri, 06 Apr 2018 07:15:08 GMT

South Korea's court to pass verdict on ex-leader Park

South Korea's court will deliver the verdict on Friday on the ousted President Park Geun-hye with prosecution seeking a 30-year prison term over corruption scandal that involved conglomerates and political leaders.

Fri, 06 Apr 2018 07:11:15 GMT

South Africa's Zuma to face charges of corruption on Friday

On Friday, the former South African President Jacob Zuma is set to appear in the High Court to face charges of fraud, corruption and money laundering that caused his loss from power.

Fri, 06 Apr 2018 06:37:19 GMT

China expects Kim-Trump-Moon summits to defuse tension

China hopes that the North Korea leader Kim Jong Un's planned summits with the Presidents of the United States and South Korea will defuse tensions on the Korean peninsula.

Fri, 06 Apr 2018 06:34:06 GMT

Mitsubishi plans recall of 87K Outlander vehicles in Russia

Mitsubishi Motors is planning to recall 86,620 Outlander cars that have been sold in Russia in the 2007-2012 time period, Russia's Rosstandart reported on Friday.

Fri, 06 Apr 2018 05:38:00 GMT

Facebook to pay $33M fine for failing to help Brazil graft probe

Facebook has been fined $33M by Brazil's judge for failing to collaborate with a corruption inquiry, the federal prosecution stated on Thursday.

Fri, 06 Apr 2018 05:36:01 GMT

Facebook shares surge as Zuckerberg calms down investors

On Thursday, shares of Facebook surged 4.2% after its CEO Mark Zuckerberg smoothed investors by saying that the social network had not noticed any strong impact on ad sales linked to data privacy row.

Fri, 06 Apr 2018 04:38:08 GMT

South Korea searches Samsung unit's offices amid sabotage probe

South Korea's prosecution raided offices at Samsung Elec.'s unit on Friday on the back of a probe into the alleged union sabotage, Yonhap News Agency reported.

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