News

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Fri, 16 Mar 2018 09:34:58 GMT

Australia, ASEAN reject protectionism due to US trade war fears

According to the PM Malcolm Turnbull, Australia and the ASEAN has rejected protectionism amid their fears about a presumable trade war sparked by the US plans to lift aluminium and steel tariffs.

Fri, 16 Mar 2018 09:31:00 GMT

Russia to expel UK diplomats in tit-for-tat move

On Friday, Russia's Foreign Minister Sergei Lavrov stated that Moscow was planning to expel British diplomats in retaliation against London's decision to remove 23 staff at Russia's embassy in the UK.

Fri, 16 Mar 2018 08:31:47 GMT

Steve Wynn considers selling his stake in Wynn Resorts

Steve Wynn, the casino mogul and the ex-CEO of Wynn Resorts, is likely to sell his 11.8% stake he holds in the company, following his resignation amid sexual harassment scandal last month.

Fri, 16 Mar 2018 08:27:50 GMT

Trump to fire his Security Adviser McMaster

According to the Washington Post, the US President Donald Trump is eager to replace the National Security Adviser H.R. McMaster; however, the replacement will not be made immediately.

Fri, 16 Mar 2018 07:18:55 GMT

Adobe shares surge on higher software subscriptions

Shares in Adobe Systems rose 3.5% to $226.5 on Thursday, after the company reported better-than-expected revenue and profit, driven by the stronger subscriptions for the Creative Cloud software suit.

Fri, 16 Mar 2018 07:18:02 GMT

China likely to adopt German rules on automotive cars

China's government is considering adoption of Germany's laws and guidelines on the issue regarding the self-driving vehicles use, saying that German automakers could also benefit from such a move.

Fri, 16 Mar 2018 06:08:51 GMT

Sri Lanka lifts Facebook ban

Sri Lanka's officials revealed they had lifted the Facebook ban, which was imposed on the social network on allegations of it being used to spur violence.

Fri, 16 Mar 2018 06:07:52 GMT

India's regional party withdraws from Modi's coalition

India's regional political party decided to withdraw from the country's PM Narendra Modi's coalition on the back of a row over the provision of financial aid to a state the regional party is governing.

Fri, 16 Mar 2018 05:03:17 GMT

New BoJ leadership approved

On Friday, the Japanese government's Lower House Speaker Tadamori Oshima said the state's parliament had approved new BoJ's leadership.

Fri, 16 Mar 2018 05:02:26 GMT

Mattis says Tillerson's firing is "Washington, D.C., story"

The US Defence Secretary Jim Mattis called the firing of the country's Secretary of State Rex Tillerson a "Washington, D.C., story".

Fri, 16 Mar 2018 04:34:47 GMT

Nike's brand president to retire in August

The President of Nike Trevor Edwards has resigned and is likely to retire in August, while the company is set to probe workplace complaints, a spokesman stated.

Fri, 16 Mar 2018 04:31:42 GMT

Uber, Toyota in talks over self-driving technology

Yber Technology was negotiating the possibility of installing the company's self-driving system in Toyota vehicles, seeking to sell the technology to other companies.

Fri, 16 Mar 2018 03:20:26 GMT

Leshi shares plunge 10% amid chairman resignation

On Friday, shares of Leshi Internet Information & Technology dropped 10% after its chairman Sun Hongbin announced his resignation.

Fri, 16 Mar 2018 03:18:47 GMT

Leshi shares plunge 10% amid chairman resignation

On Friday, shares of Leshi Internet Information & Technology dropped 10% following its chairman Sun Hongbi announced his resignation.

Fri, 16 Mar 2018 03:15:52 GMT

New Zealand manufacturing activity slows last month

Business NZ reported that its PMI for the manufacturing sector dropped to 53.4 in February from the prior month's 54.4.

Thu, 15 Mar 2018 21:03:55 GMT

Ford to shift to SUV production to improve its profits

Ford Motor Co executives stated that the company is planning to shift its market portfolio from passenger vehicles to SUVs, including hybrid and EV cars, aiming to improve its profit.

Thu, 15 Mar 2018 21:03:00 GMT

UK tells NATO that nerve gas attack concerns whole organisation

Mark Sedwill, the National Security Adviser of the UK, said during his statement at NATO headquarters that the attack on a former Russian double agent is an issue for the whole alliance. 

Thu, 15 Mar 2018 20:04:19 GMT

Facebook Lite to launch on developed markets

On Thursday, Facebook Inc claimed that it will release Facebook Lite, the company's data-conserving Android application for emerging markets, in developed states as well. 

Thu, 15 Mar 2018 19:56:52 GMT

Spotify claims path to profits clear ahead of IPO

On Thursday, Swedish streaming music service Spotify stated that it has a clear way to profits since it is prepared to define the company's market growth and strategy plans ahead of upcoming IPO. 

Thu, 15 Mar 2018 19:11:59 GMT

Largest US radio corporation iHeartMedia files for bankruptcy

On Thursday, one of the largest US radio companies iHeartMedia, which operates 850 radio stations across the US, filed for bankruptcy, achieving the agreement with the creditors to restructure its $20B debt.

Thu, 15 Mar 2018 19:02:39 GMT

Western states call on Russia to explain nerve toxin attack in UK

On Thursday, France, Germany, the UK and the US called on Russian authorities to explain the nerve toxin attack in the UK against the former Russian spy and GRU colonel Sergei Skripal.

Thu, 15 Mar 2018 18:15:19 GMT

White House blames Russia for energy grid cyber attacks

On Thursday, the US administration blamed the Russian authorities for a series of cyber attacks, aiming the energy grid of the US, primary small commercial facilities' networks.

Thu, 15 Mar 2018 18:01:30 GMT

Saudi Arabia will develop nuclear weapon if Iran does

On Thursday, Saudi Crown Prince Mohammed bin Salman claimed that Saudi Arabia is not planning to develop nuclear weapons, however, it will start working on a nuclear bomb if Iran does. 

Thu, 15 Mar 2018 17:05:42 GMT

GM announces upgrade of facilities to start self-driving car development

On Thursday, General Motors announced a $100M upgrade to two of its facilities to start development of self-driving cars.

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