News

Note: This section contains information in English only.
Wed, 27 Sep 2017 15:22:22 GMT

US durable goods data reaffirms economic strength

The US durable goods orders marked stronger-than-anticipated increase in August, as shipments continued to grow, pointing to the strength of the country's economy.

Wed, 27 Sep 2017 15:19:27 GMT

Dubai begins tests aiming to introduce first flying taxi service

Dubai launched the world's first test flight of drone taxi within ambitious plans by the United Arab Emirates to take a lead in innovation between Arabian countries.

Wed, 27 Sep 2017 14:24:32 GMT

VW's truckmaker Scania to pay $1B fine for price fixing

The European Union hit the Volkswagen-owned Scania with a $1B fine on Wednesday as the Swedish truckmaker was involved in a 14-year price-fixing cartel.

Wed, 27 Sep 2017 14:10:14 GMT

Bombardier dispute may put UK-Boeing ties at risk

On Wednesday, the UK Defence Secretary stated that Boeing's trade challenge taken against its Canadian rival Bombardier could jeopardise the US company's relationship with Britain.

Wed, 27 Sep 2017 13:34:24 GMT

BAC seeks for extra office space in Paris

Bank of America is looking for additional office space to lease in Paris amid its intention to expand the operations in France's capital to cope with the Brexit impact.

Wed, 27 Sep 2017 13:24:01 GMT

Germany launches tax inquiry against UBS clients

On Wednesday, German prosecutors launched a probe against the UBS Swiss bank's clients on the back of suspected evasion of taxes.

Wed, 27 Sep 2017 12:34:18 GMT

France supports Siemens rail deal with Alstom despite job fears

France's government had backed the Siemens-Alstom rail joint venture, despite fears over job cuts, saying it would preserve the "strategic interests".

Wed, 27 Sep 2017 11:33:57 GMT

Woman arrested under OSA by British counter-terrorism police

On Wednesday, the UK counter-terrorism police arrested a woman under the Official Secrets Act in London, without elaborating on further details.

Wed, 27 Sep 2017 11:21:54 GMT

Seven dead in Islamic State attack on Baghdad

The Islamic State insurgents attacked the Iraqi troops in the west of Baghdad, killing no less than seven soldiers on Wednesday before they were forced to retreat.

Wed, 27 Sep 2017 10:22:49 GMT

President Trump to call for slashing tax rates on businesses

The President Donald Trump is set to call for deep US rate cuts on businesses on Wednesday in his new tax plan, which is likely to propose few details on how to make cuts pay without expanding federal deficit.

Wed, 27 Sep 2017 10:12:42 GMT

PM May disappointed by US duties on Bombardier

The UK Prime Minister Theresa May was bitterly disappointed by the US decision to impose severe duties on Bombardier jets, saying Britain will continue cooperation to protect jobs in Northern Ireland.

Wed, 27 Sep 2017 09:33:41 GMT

Siemens picks France's Alstom for rail JV

Siemens CEO Joe Kaeser stated on Wednesday that he had chosen French company Alstom over Canadian Bombardier for the rail joint venture due to its management team and sound finances.

Wed, 27 Sep 2017 09:27:58 GMT

Samsung's scion Jay Y. Lee to appeal his jail term

The former Vice Chairman of Samsung Electronics Jay Y. Lee is set to appeal his five-year prison term for corruption and bribery on Thursday.

Wed, 27 Sep 2017 08:34:08 GMT

US slaps duties on Bombardier aircraft amid Boeing complaint

On Tuesday, the US Commerce Department imposed anti-subsidy duties on Bombardier jets, following the Boeing accusations that Canada had unfairly subsidised the aircraft.

Wed, 27 Sep 2017 08:28:04 GMT

SEB, Nasdaq to test blockchain-based mutual funds platform

Nordic financial company SEB and exchange group Nasdaq joined hands to test a blockchain-based trading platform for mutual funds aimed at Swedish market with intention to simplify and speed up the process.

Wed, 27 Sep 2017 07:34:00 GMT

Pakistani FinMin pleads not guilty of corruption charges

The Finance Minister of Pakistan Ishaq Dar denied any corruption charges against him and pleaded not guilty of owning assets beyond his means amid a corruption probe into ex-PM Nawaz Sharif.

Wed, 27 Sep 2017 07:28:05 GMT

Ukraine evacuates 24K people amid ammunition depot blast

The Ukrainian authorities evacuated about 24K people as a military ammunition depot, located in the central Ukraine 270 km west of Kiev, exploded due to some unclarified "external factors".

Wed, 27 Sep 2017 06:11:00 GMT

Qatar imports rebound in August

According to the official data released on Wednesday, Qatar's imports steeply rebounded over the course of August compared to the prior month.

Wed, 27 Sep 2017 06:10:52 GMT

Bombardier aims to strike deals with Chinese airlines

According to a senior executive of Bombardier, the planemaker is aiming to strike deals with Chinese carriers in the nearest future.

Wed, 27 Sep 2017 05:00:45 GMT

Uzbek police arrest dissident writer

The Uzbek police arrested Nurulloh Muhammad Raufkhon, a dissident writer, as he returned home from Istanbul, the man's wife revealed in a telephone conversation.

Wed, 27 Sep 2017 04:59:48 GMT

Ford to partner up with Lyft to deploy self-driving cars

On Wednesday, the Dearborn-based automaker Ford said it would partner up with Lyft, a transportation network firm, to deploy self-driving vehicles by 2021.

Wed, 27 Sep 2017 04:25:07 GMT

Saudi King grants women right to drive cars

The King of Saudi Arabia ended the long-lasting repression of women in the Islamic kingdom and granted them a right to drive cars.

Wed, 27 Sep 2017 04:24:18 GMT

Twitter to begin testing 280-character tweets

The San Francisco-based social network said it would start testing its new system, allowing certain users to post 280-character tweets.

Wed, 27 Sep 2017 03:28:16 GMT

Boeing to invest $33M in joint venture with COMAC

Boeing is expected to invest $33M for a main stake in the joint venture with COMAC, which is likely to oversee the company's new 737 completion factory in China.

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