News

Note: This section contains information in English only.
Tue, 10 Oct 2017 15:15:01 GMT

British trade deficit widens in August

Data released by the ONS on Tuesday revealed that the UK's goods trade deficit widened to 14.2B over the month of August from 12.8B deficit registered in the preceding month.

Tue, 10 Oct 2017 15:14:51 GMT

UK manufacturing production soars 0.4% in August

According to the data released by the Office for National Statistics on Tuesday, the UK's manufacturing production was up 0.4% in August, topping analysts' estimates for a 0.2% rise.

Tue, 10 Oct 2017 14:12:26 GMT

Pope to visit Myanmar and Bangladesh in November

Pope Francis is set to meet Myanmar's military generals, senior Buddhist monks and the civilian leader Aung San Suu Kyi during his visit to that country and Bangladesh in November over Rohingya crisis.

Tue, 10 Oct 2017 14:02:58 GMT

Erdogan sure US envoy to blame for diplomatic crisis

Turkish President Tayyip Erdogan blamed the US ambassador to Turkey for the diplomatic crisis between the countries, adding that Ankara would no longer consider him as Washington envoy.

Tue, 10 Oct 2017 13:30:43 GMT

Trump prepares measure to punish outsourcing firms

The US President Donald Trump stated that he was eager to set an "economic-development" measure to punish those companies, which globally outsource jobs.

Tue, 10 Oct 2017 13:24:00 GMT

Wal-Mart introduces $20B buyback plan

On Tuesday, Wal-Mart Stores launched a $20B share buyback plan, forecasting the US online sales to rise by around 40% in the next fiscal year.

Tue, 10 Oct 2017 12:04:17 GMT

Worker rights for Uber UK drivers to cost millions of pounds

On Tuesday, Uber stated that giving worker rights to its British drivers would cost the company tens of millions of pounds, as it currently classified its 50K drivers in the UK as self-employed.

Tue, 10 Oct 2017 12:04:05 GMT

Catalonia may declare independence against Madrid will

Catalonia is nearing possible independence proclamation on Tuesday, as its leader Carles Puigdemont has prepared to address the session, despite Madrid warned of taking counter-measures.

Tue, 10 Oct 2017 10:58:25 GMT

VW to shrink dealer network, introduce online sales

Germany's carmaker Volkswagen is planning to launch online sales and shrink its EU dealer network, hoping to boost its efficiency and profitability by an average 10%.

Tue, 10 Oct 2017 10:58:15 GMT

Japan launched new high-precision GPS satellite

On Tuesday, Japan launched its fourth satellite for a high-precision GPS, expecting to encourage new businesses and boost the country's economic growth.

Tue, 10 Oct 2017 10:07:23 GMT

Yildirim urges US to resolve visa problem

On Tuesday, the Prime Minister of Turkey Binali Yildirim asked the United States to act reasonably and resolve the visa dispute as soon as possible.

Tue, 10 Oct 2017 10:02:18 GMT

Gunman kills two at university in Kenya

Non less than two people were reported to be dead after an unknown gunman opened fire near the Technical University of Mombasa (TUM), Kenya.

Tue, 10 Oct 2017 09:34:23 GMT

Kazakh PM fires two top officials over gasoline shortages

On Tuesday, Kazakhstan's Prime Minister fired his two top energy officials after the biggest oil exporter of the Central Asia reported fuel shortages on its domestic market.

Tue, 10 Oct 2017 09:31:28 GMT

EU FinMins support Spain in Catalonia's crisis

The European centre-right Finance Ministers backed the Spanish government in the contested Catalan independence referendum.

Tue, 10 Oct 2017 08:27:17 GMT

Thailand to hold general election in November 2018

Thai Prime Minister Prayuth Chan-ocha announced on Tuesday that Thailand was set to hold its general election in November next year, following a few failed attempts since the 2014 military coup.

Tue, 10 Oct 2017 08:18:33 GMT

China to have no problem complying 2017 growth target

The Statistics Bureau reported on Tuesday that China would not have any problem meeting the economic growth target of about 6.5% in 2017 and was expected to even beat it.

Tue, 10 Oct 2017 07:33:43 GMT

Microsoft probes into US ads bought by Russia

On Monday, Microsoft stated that it was investigating into whether Russia had bought the US election ads on the Bing search engine or any other Microsoft-owned platform.

Tue, 10 Oct 2017 06:30:58 GMT

OPEC to reconvene US meeting over oil output cut deal

The OPEC is eager to reconvene the meeting with the US over their accord to cut oil output, the cartel's Secretary General stated on Tuesday.

Tue, 10 Oct 2017 06:27:30 GMT

Takeaway.com to put up commission rates starting 2018

The Dutch meal delivery company Takeaway.com is planning to raise its commission rates, starting from January 1, as the firm seeks to have a 5% positive impact on the revenue growth.

Tue, 10 Oct 2017 05:05:28 GMT

President Tsai promises to defend Taiwan's freedoms

In a speech delivered on Tuesday, the President of Taiwan Tsai Ing-wen pledged to defend democracy and freedom and warned that her homeland would not bow to pressure.

Tue, 10 Oct 2017 05:05:01 GMT

Qantas to raise $272M from loans

Qantas Airways is trying to raise $272M from loan in order to switch the types of air vessels used as a collateral, the company's spokesman revealed on Tuesday.

Tue, 10 Oct 2017 04:24:32 GMT

Oil prices stabilize amid OPEC statement

On Tuesday, crude oil prices rose only by 6 cents and settled down at $55.85 a barrel, as OPEC signalled that "market is rebalancing" and the US refineries were temporary neutralized by Hurricane Nate.

Tue, 10 Oct 2017 04:24:12 GMT

Kobe Steel admits data falsification

Kobe Steel Ltd., the third-biggest Japanese steelmaker, confessed that it had falsified data to show that shipped copper and aluminium met customer specifications.

Tue, 10 Oct 2017 02:52:36 GMT

AIG sees $3B of catastrophe losses in third quarter

American International Group stated that the company anticipated to book pre-tax looses of about $3B in the September quarter mainly related to Hurricanes Irma, Harvey and Maria.

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