News

Note: This section contains information in English only.
Thu, 21 Dec 2017 10:28:38 GMT

BNY Mellon freezes $22B in assets held by Kazakhstan

The Bank of New York Mellon froze $22B in Kazakhstan's assets amid a lawsuit filed by a Moldovan businessman Anatolie Stati against the country's government.

Thu, 21 Dec 2017 09:30:55 GMT

Philippines beefs up cybersecurity ahead of China firms entry

The Philippines decided to boost its cybersecurity measures ahead of the planned entry of China Telecom and other related firms' entry into the country's telecom industry.

Thu, 21 Dec 2017 09:27:46 GMT

PM May forces her deputy to step down amid scandal

The British Senior Minister Damian Green was forced to step down by the Prime Minister Theresa May, following an inquiry over the pornography scandal he had been involved in.

Thu, 21 Dec 2017 08:33:32 GMT

UN's de Mistura to arrive in Kazakhstan for talks

The UN mediator Staffan de Mistura is set to attend the Syria peace talks in Kazakhstan's capital of Astana on Friday, the Kazakh Foreign Ministry reported.

Thu, 21 Dec 2017 08:28:39 GMT

EU launches inquiry into China e-bikes subsidies

The EU Commission started an investigation into whether China's electronic bicycles exporters benefited from the excessive state subsidies, raising trade tensions between Beijing and Brussels.

Thu, 21 Dec 2017 07:32:58 GMT

At least 12 injured as car rams into pedestrians in Melbourne

At least 12 people were injured on Thursday after a car rammed into the crowd of pedestrians in Australia's city of Melbourne. A car driver was arrested by the police later.

Thu, 21 Dec 2017 07:30:18 GMT

Nissan, Honda develop solid-state batteries for EVs

The Japanese carmakers Nissan and Honda are building up solid-state batteries designed for electric vehicles; however, cooperation between the two companies is still unclear.

Thu, 21 Dec 2017 06:11:42 GMT

Singapore industrial output at six-month low in November

Singapore's industrial production marked the weakest yearly growth pace of 9.0% in six months in November, compared with 14.6% in the prior month, signalling a tempering in economic expansion in the Q4.

Thu, 21 Dec 2017 06:11:00 GMT

Disney supports Fox's request for data protection in trial

Walt Disney joined 21st Century Fox in requesting the judge hearing the antitrust case of AT&T to enhance an order directed at data privacy in case of use in trail next year.

Thu, 21 Dec 2017 05:27:46 GMT

Uber struck by EU court when classified as transport service

The EU court stated that Uber should be ranked as transport service provider and regulated similarly to other taxi operators, the decision that could impact other online firms in Europe.

Thu, 21 Dec 2017 05:26:44 GMT

China's Didi raises $4B for expansion overseas

China's ride-sharing company Didi stated that it raised $4B in funds for expansion abroad and into spheres such as artificial intelligence, aiming to challenge Uber.

Thu, 21 Dec 2017 04:33:36 GMT

France to raise food prices, diminish bargain sales

France is expected to announce a plan to increase minimum food prices and reduce bargain sales as a part of the field-to-fork plan focused on increasing income of farmers.

Thu, 21 Dec 2017 04:29:42 GMT

BoJ keeps monetary policy on hold, remains upbeat on capex, consumption

The Bank of Japan announced its decision to keep monetary policy unchanged with a more upbeat assessment of capital expenditure and consumption, as recovery gained momentum.

Thu, 21 Dec 2017 03:01:34 GMT

Apple to win with US tax overhaul

The US Republican tax bill overhaul passed by Congress is likely to allow Apple to bring back $252.3B, while the company could pay more on profits from its patients held abroad.

Thu, 21 Dec 2017 03:00:42 GMT

EU sets Brexit transition period deadline in January 2021

The European Union wans a post-Brexit transition period to end by 31st December of 2020, the European Commission's directives revealed.

Wed, 20 Dec 2017 20:53:06 GMT

Brazil allocates additional $1.5B in public spending

The Brazilian government said on Wednesday that it had allocated additional $1.5B for public spending in order to continue the country's recovery from a recession.

Wed, 20 Dec 2017 20:52:32 GMT

Power outage costs up to $50M for Delta Air Lines

Delta Air Lines suffered up to $50M in losses due to an 11-hour power outage at Hartsfield-Jackson Atlanta International Airport on Sunday, as reported by the company.

Wed, 20 Dec 2017 20:10:24 GMT

IMF's Lagarde says UK economy shows negative effects of Brexit

The Managing Director of the International Monetary Fund Christine Lagarde noted on Wednesday that the British economy was currently showing negative effects of the Brexit vote.

Wed, 20 Dec 2017 20:08:47 GMT

House passes Trump's tax bill

The US House of Representatives passed on Wednesday a $1.5T tax bill which is regarded as a major victory for the Trump administration.

Wed, 20 Dec 2017 19:11:05 GMT

JPMorgan to launch new computerised investment tool this week

JPMorgan Chase & Co is set to launch JPMorgan Digital Investing, a computerised tool for managing investments, this week in order to widen its client base.

Wed, 20 Dec 2017 19:09:01 GMT

Germany's CDU, SPD to start forming government on January 7

The German Christian Democratic Union and the Social Democrats agreed to begin forming the new government on January 7, 2018, both parties explained on Wednesday.

Wed, 20 Dec 2017 17:53:57 GMT

Uber appoints Barney Harford as COO

The ride-sharing company Uber Technologies Inc. has named Barney Harford, the former CEO of Orbitz Worldwide Inc, as its chief operating officer to be appointed on January 2, 2018.

Wed, 20 Dec 2017 17:52:07 GMT

Otting: Bitcoin does not currently pose threat to US banking system

Joseph Otting, the Comptroller of the Currency at Department of the Treasury, said that bitcoin was not a threat to the US banking system due to banks avoiding positions in it.

Wed, 20 Dec 2017 17:16:56 GMT

Polish president signs judicial overhaul bills into law

The President of Poland reported he had decided to sign two laws that would put courts under more political control even though they were part of a review that the European Union was conducting.

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