News

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Sat, 14 Oct 2017 05:51:22 GMT

Myanmar army investigates soldier misconduct during counteroffensive

Myanmar's military began an internal investigation into misconduct of the military personnel against Rohingya Muslims during a counteroffensive.

Sat, 14 Oct 2017 05:50:45 GMT

PBOC Governor says China shows strong stability, growth in 2017

The Governor of the People's Bank of China Zhou Xiaochuan said the Chinese economy showed strong signs of stability and growth that could continue during the second half of 2017.

Sat, 14 Oct 2017 05:13:50 GMT

Magnitude 5.4 earthquake hits Southern Mexico

A magnitude 5.4 earthquake hit the southern state of Oaxaca, Mexico, on Friday; however, no immediate information on damage was received.

Sat, 14 Oct 2017 05:08:23 GMT

Etihad Airways flight EY450 makes emergency landing

An Etihad Airways flight EY450 Abu Dhabi-Sydney was forced to make an emergency landing at Adelaine Airport, Australia, early on Saturday due to an activated warning signal.

Sat, 14 Oct 2017 03:59:02 GMT

Tesla fires about 400 of employees this week

Luxury electric car maker Tesla fired nearly 400 employees in the past week, including team leaders, supervisors and associates, a former employee stated.

Sat, 14 Oct 2017 03:58:43 GMT

GM reaches tentative agreement with striking workers in Canada

General Motors stated that the company reached a tentative labour deal with workers striking at its Canadian CAMI plant, ending a nearly month-old dispute.

Sat, 14 Oct 2017 03:08:44 GMT

Uber starts legal battle to keep London license

Uber lodged a court appeal to overturn the London transport regulator's decision that stripped the taxi application of operating license in the most important EU market.

Sat, 14 Oct 2017 03:06:38 GMT

Bank of America profit grows on lower costs, higher rates

Bank of America surpassed expectations with a 15% increase in Q3 profit, as the US lender benefited from higher key interest rates and maintained tight leash on its costs.

Sat, 14 Oct 2017 02:30:23 GMT

US demands regional aluminium, steel in NAFTA auto rules

The Trump administration is demanding the usage of North American-made aluminium, steel, plastic resins and copper in trucks and cars sold under NAFTA rules, aiming to boost the US industry.

Sat, 14 Oct 2017 02:27:41 GMT

PSA to cut nearly 400 positions at Vauxhall's Ellesmere Port

France's carmaker PSA stated that the company is set to cut nearly 400 positions at Vauxhall's Ellesmere Port in the UK by the end of 2017 to enhance the facility's competitiveness.

Fri, 13 Oct 2017 20:34:17 GMT

UK Johnson: Iran nuclear deal is a good thing

The Iran nuclear deal is a good thing for the world, the UK Foreign Secretary Boris Johnson says.

Fri, 13 Oct 2017 20:32:37 GMT

Iran to double efforts to expand missile programme

Iran plans to double efforts to expand its missile programme and build weapons for deterrence, the Iranian President Hassan Rouhani says.

Fri, 13 Oct 2017 19:27:05 GMT

EU Mogherini: no single country can terminate Iran nuclear deal

No single country has powers to terminate the 2015 Iran nuclear deal, the EU Foreign Policy Chief Federica Mogherini says.

Fri, 13 Oct 2017 19:24:49 GMT

European leaders committed to Iran nuclear deal

The British Prime Minister Theresa May, the German Chancellor Angela Merkel and the French President Emmanuel Macron "stand committed" to the 2015 nuclear deal with Iran, a joint statement states.

Fri, 13 Oct 2017 18:33:34 GMT

EU Juncker: UK to pay for Brexit trade talks

The EU President Jean-Claude Juncker said that the UK would "have to pay" before negotiations could progress to the next phase.

Fri, 13 Oct 2017 18:32:27 GMT

Trump chooses not to certify Tehran compliance with 2015 nuclear deal

The US President Donald Trump decided not to certify Tehran's compliance with the 2015 nuclear deal, a major shift in the US foreign policy.

Fri, 13 Oct 2017 17:01:56 GMT

Norway to send army to Russian border

The Norwegian Defence Minister Ine Eriksen Soereide reported on Friday that the government planned to send its armed forces to the Russian border.

Fri, 13 Oct 2017 17:01:03 GMT

Treasury Secretary says it is difficult not to cut taxes for rich

On Friday, the US Treasury Secretary Steven Mnuchin stated it was very difficult for Trump's tax reform not to cut taxes for the rich.

Fri, 13 Oct 2017 15:58:21 GMT

US consumer confidence rebounds sharply

The University of Michigan reported that its flash Consumer Sentiment Index came in at 101.1 in October, up from the preceding month's 95.1.

Fri, 13 Oct 2017 15:57:27 GMT

US retail sales rebound in September

According to official data released on Friday, US retail sales surged 1.6% last month, after dropping 0.1% in August, while analysts expected to see a 1.7% jump.

Fri, 13 Oct 2017 14:55:44 GMT

US consumer prices rise 0.5% last month

The US Department of Labour reported on Friday that its CPI jumped 0.5% in September, following the prior month's increase of 0.4%, whereas analysts anticipated a 0.6% surge.

Fri, 13 Oct 2017 14:54:53 GMT

Swiss producer prices jump 0.5% in September

The Swiss Federal Statistical Office reported on Friday that its PPI surged 0.5% last month, surpassing analysts' expectations for a 0.3% gain.

Fri, 13 Oct 2017 14:03:19 GMT

Amazon to open new distribution centre in UK

Amazon announced on Friday that it would open its new distribution centre in the UK city of Bolton in 2018 amid the company's global expansion outside North America.

Fri, 13 Oct 2017 13:57:55 GMT

EU to cut business ties with North Korea

On Monday, the European Union will ban business ties with Pyongyang on the back of new sanction package to isolate North Korea over its missile and nuclear programmes.

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