News

Note: This section contains information in English only.
Sat, 16 Dec 2017 10:05:52 GMT

Alaska to receive millions of Dollars from oil companies

Oil companies will pay hundreds of millions of Dollars to Alaska in an official settlement over the North Slope crude oil's value that was shipped through the Trans-Alaska Pipeline.

Sat, 16 Dec 2017 10:00:45 GMT

Earthquake kills three people in Indonesia

A powerful earthquake, magnitude 6.5, struck Java island in Indonesia, killing at least three people, while hundreds of buildings were damaged.

Sat, 16 Dec 2017 09:12:01 GMT

South Africa to raise subsidies to universities

South Africa is looking forward to increase spendings on local universities to 1% of GDP over the next few years, as the higher education funding commission has recommended.

Sat, 16 Dec 2017 09:10:38 GMT

UK and China vow to strengthen financial, trade cooperation

According to the UK government, Britain and China have vowed to strengthen and continue cooperation on a wide range of trade, financial and economic issues.

Sat, 16 Dec 2017 08:08:01 GMT

South Africa to continue fiscal stabilisation

According to South African Finance Minister Gigaba, the government would take the necessary tough decisions in order to stabilise economy growth and public debt.

Sat, 16 Dec 2017 08:04:26 GMT

Britain to negotiate bespoke trade deal with EU

According to British Finance Minister Hammond, the country was looking forward to negotiate a bespoke trade agreement with the EU that would differ from a Canada model deal.

Sat, 16 Dec 2017 06:51:24 GMT

NAFTA Washington negotiations leave main differences untouched

NAFTA talks made some progress over less controversial issues, but left the subject of autos, an expiry clause and dispute settlement to be discussed in January in Montreal.

Sat, 16 Dec 2017 06:51:15 GMT

Unilever to sell spreads, margarine business for $8B to KKR

Unilever announced its decision to sell spreads and margarine business to the US private equity company KKR for $8.04B to focus on rapidly growing products.

Sat, 16 Dec 2017 06:23:42 GMT

AT&T, US Justice Department settlement negotiations failed

The US Justice Department and AT&T held unsuccessful settlement negotiations over the pay-TV and wireless company's bid to purchase TV show and movie maker Time Warner.

Sat, 16 Dec 2017 06:22:48 GMT

BoC sticks to rate increase bias, despite uncertainties over NAFTA

The Bank of Canada retained the option of further interest rate increases in early 2018, despite unclarities, such as NAFTA talks, which could derail the country's economy.

Fri, 15 Dec 2017 20:00:18 GMT

Many Canadian firms could move to US amid NAFTA talks

According to survey prepared by the Export Development Canada, nearly six percent of Canadian companies could relocate part of their operations to the US because of ambiguity over the future of the NAFTA trade deal.

Fri, 15 Dec 2017 19:58:55 GMT

CSX shares drop amid CEO's medical leave

On Friday, CSX Corp's stock plunged 10.3% to $51.42 in premarket trade, as the company's CEO Hunter Harrison took medical leave for sudden complications from an unknown illness.

Fri, 15 Dec 2017 19:11:13 GMT

Schulz to discuss with Merkel formation of government

On Friday, the leader of Social Democrats (SPD) Martin Schulz agreed to start negotiations with Angela Merkel's Christian Democrats (CDU) on formation of a new German government.

Fri, 15 Dec 2017 19:05:53 GMT

Amazon becomes top online retailer in Mexico

According to report published by the Euromonitor International, Amazon.com is likely to become the biggest online retailer in Mexico by generating $502.2M sales this year.

Fri, 15 Dec 2017 18:14:47 GMT

Guterres asks to strengthen communication with North Korea

On Friday, the UN Secretary-General Antonio Guterres urged members of the Security Council to reinforce communication channels with North Korean officials in order to avoid further escalation of conflict.

Fri, 15 Dec 2017 18:06:34 GMT

Marco Rubio to support tax bill

According to the CNBC source, the US Republican Senator Marco Rubio will back a compromise variant of tax reform that was negotiated yesterday by the House and Senate.

Fri, 15 Dec 2017 16:52:03 GMT

Amazon to pay 100M euros to settle Italian tax dispute

Italy's inland revenue service reported on Friday that it had reached an agreement with Amazon to settle outstanding tax claims spanning 2011 to 2015. 

Fri, 15 Dec 2017 16:51:54 GMT

Turkey wants to annul Trump decision on Jerusalem at UN

The Turkish President Tayyip Erdogan reported on Friday, that Turkey was taking an initiative at the UN in order to annul a decision by the US to recognize Jerusalem as the capital of  Israel.

Fri, 15 Dec 2017 16:23:34 GMT

Ryanair wants to recognize unions to avert strikes

Ryanair reported on Friday that it had offered to recognize pilot unions in order to avert its first ever pilot strike.

Fri, 15 Dec 2017 16:04:43 GMT

Harvard outsources real estate investment to Bain Capital

Harvard University reported that its endowment would shift the real estate investment staff on February 1 into the private equity firm Bain Capital, with the idea to found a new property business.

Fri, 15 Dec 2017 15:31:56 GMT

US seeks Russia's help to halt North Korean missile programme

On Friday, the US leader Donald Trump stated that Washington sought to receive Russia's help to convince Pyongyang to abandon its nuclear and missile programme.

Fri, 15 Dec 2017 15:27:27 GMT

Odebrecht's board chairman to step down in 2018

According to Brazilian local newspaper, the scandalous conglomerate Odebrecht SA's board chairman Emilio Odebrecht is eager to step down in the next year's first half.

Fri, 15 Dec 2017 14:27:15 GMT

Lebanon's Mashnouk signs decree for May election

The Lebanese Interior Minister Nohad Mashnouk signed a law to hold the long-awaited 2018 Parliamentary election on Sunday, May 6, his office stated on Friday.

Fri, 15 Dec 2017 14:20:25 GMT

British Prince Harry and his fiancée set wedding date

Britain's Prince Harry and Meghan Markle, his American fiancée, are planning to marry on May 19, according to Kensington Palace statement on Friday.

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