News

Note: This section contains information in English only.
Sat, 13 Jan 2018 17:59:34 GMT

Airbus will pay Taiwanese fine

It has been announced that Airbus is set to pay 104 million Euro fine due to the 1992 missile sale to Taiwan.

Sat, 13 Jan 2018 17:01:58 GMT

Airbus in talks to end investigation

Airbus officials announced on Saturday that the company is in talks with German prosecutors to end the investigation into the Eurofighter jet plane sale to Austria.

Sat, 13 Jan 2018 17:01:26 GMT

New record set for Tuna prices

As the results of the last auction of the Tokyo's famous Tsukiji fish market have been accounted for, a new record has been set. A restaurant has paid for prime bluefin tuna the price of $323,000 .

Sat, 13 Jan 2018 16:01:27 GMT

South Africans loot H&M stores

A mob in South Africa has ransacked H&M stores. The mob used the recent ads, branded by some as racist, of the Swedish group as an excuse for violence and breaking the law.

Sat, 13 Jan 2018 15:59:59 GMT

General Motors bet on pickups

General Motors Company on Saturday announced that the company will reveal a brand new generation of Silverado pickup trucks at the Detroit auto show.

Sat, 13 Jan 2018 14:55:04 GMT

Philippines officials bust international fraud scheme

Dozens of nationals of China and Taiwan have been arrested by Philippines officials on suspicion of running a large scale international telecom scam.

Sat, 13 Jan 2018 14:54:21 GMT

South and North Korean talks will resume

South and North Korean officials have decided upon holding working level talks on January 15. The talks are set to occur on the North Korean side of the village of Panmunjom.

Sat, 13 Jan 2018 14:04:24 GMT

Social Democrats lobby against alliance with CDU

A number of German Social Democrats (SPD) called their party members to vote against formation of alliance with Angela Merkel's Christian Democrats (CDU). The push-back came shortly after the party leaders asked to support a grand coalition for another four years.

Sat, 13 Jan 2018 14:04:17 GMT

Adidas plans to control 20% of American market

According to the Adidas Chief Financial Officer Hans Ohlmeyer, in medium term company plans to increase its market share in the United States to 15-20%.

Sat, 13 Jan 2018 13:09:44 GMT

Air France denies attempt to buy Alitalia

In a statement released on Saturday, Air France denied it had made a joint offer with EasyJey to acquire the problematic airline Alitalia.

Sat, 13 Jan 2018 13:02:10 GMT

Ergodan promises to beat Kurds in Afrin

The President of Turkey Tayyip Erdogan stated on Saturday that Turkish forces stationed in Syria's Idlib province would defeat Kurdish militia in the adjoining region of Afrin.

Sat, 13 Jan 2018 12:18:11 GMT

South Africa seeks foreign investments

The new head of the African National Congress (ANC) Cyril Ramaphosa said on Saturday that South Africa needs open foreign investments and, for this reason, the government is ready to ensure policy certainty.

Sat, 13 Jan 2018 12:12:10 GMT

Iraq confirms commitment to OPEC cuts

The Iraqi Oil Minister Jabar al-Luaibi reported on Saturday that oil production power is near reaching 5M bdp. However, Iraq promises not to exceed the output target under the OPEC agreement to cut supplies.

Sat, 13 Jan 2018 11:14:43 GMT

Egyptian navy opens fire at Palestinian vessel

One person was reported to be killed on late Friday after Egyptian naval vessel opened fire at Palestinian fishing boat near the southern border-town Rafah.

Sat, 13 Jan 2018 11:14:35 GMT

Russia deploys new S-400 division in Crimea

According to local news agencies, the Russian Defence Ministry deployed a division of an anti-aircraft weapon system S-400 on the Crimean Peninsula on Saturday.

Sat, 13 Jan 2018 10:16:47 GMT

Chinese tech giant Tencent issues $5B in bonds

This week Chinese tech heavyweight Tencent Holdings Ltd. sold $5B 5-, 10- and 20-year bonds, its first bond sale since 2015.

Sat, 13 Jan 2018 09:54:02 GMT

Toyota and Mazda receive $700M in incentives for new US plant

The state of Alabama and the city of Huntsville offered Toyota Motor Corp. and Mazda Motor Corp. $700M in incentives to build a $1.6B factory in Northern Alabama.

Sat, 13 Jan 2018 09:15:31 GMT

S&P 500 and Dow Jones show the best start to a year since 2003

On Friday, the S&P 500 and the Dow Jones indexes showed the best start to a year since 2003 as investor optimism on the US economy remained high.

Sat, 13 Jan 2018 08:54:00 GMT

Police arrest British woman on suspicion of terrorism at airport

A female British national was arrested at Heathrow Airport after arriving from the Ethiopia's capital Addis Ababa on suspicion of terrorist act preparation.

Sat, 13 Jan 2018 08:10:56 GMT

Japan shows openness to Belt and Road initiative

The Prime Minister of Japan Shinzo Abe said that Japanese government will respond properly to cooperation programs relevant to China-proposed One Belt and One Road initiative. 

Sat, 13 Jan 2018 07:52:09 GMT

Ride-sharing companies in Saudi Arabia to recruit female drivers

A Dubai-based ride-sharing app Careem and Uber prepare to employ female drivers in Saudi Arabia after King Salman's order to overturn the ban on female driving.

Sat, 13 Jan 2018 07:02:03 GMT

GM seeks US approval to launch fully automated car

According to GM executives, the company was seeking the US approval to launch fully automated self-driving Cruise AV vehicle, without accelerator and brake pedals, next year.

Sat, 13 Jan 2018 07:00:53 GMT

Shares of MoneyGram jump amid partnership with Ripple

Shares of MoneyGram International inched 10.5% higher after the company announced the partnership with Ripple, the blockchain bitcoin rival company.

Sat, 13 Jan 2018 06:06:04 GMT

Raytheon wins $641.8M defence contract: Pentagon

The Raytheon Integrated Defence System has won a contract worth $641.8M to perform Ballistic Missile Defence Systems' tests for the multiple radar platforms, the Pentagon said.

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