News

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Tue, 05 Sep 2017 02:53:38 GMT

Austrian FACC receives €500M order from Airbus

Austrian aircraft parts produced FACC received a new order from Airbus with a total value of €500M to produce ceiling panels and overhead luggage compartments.

Tue, 05 Sep 2017 02:53:04 GMT

Japan services sector expands at a slowest pace in six months

Services sector in Japan marked the weakest performance in six months, as the Markit PMI dropped to seasonally adjusted rate of 51.6 in July, when new orders growth pace eased.

Tue, 05 Sep 2017 02:04:01 GMT

Argentina looks for $9.5B private funds for water infrastructure

Argentina suggested private companies to submit proposals for financing and building $9.5B worth water infrastructure projects in attempt to cut the government's wide fiscal deficit.

Tue, 05 Sep 2017 02:03:10 GMT

Taxify to compete with Uber in London

Estonian start-up Taxify is set to take on Uber in London's taxi-hailing market, as 3,000 private taxi drivers signed a contracts after proving they met licensing requirements.

Mon, 04 Sep 2017 19:57:25 GMT

IEA chief says oil stock release not yet needed after Harvey

The Director of the International Energy Agency Fatih Birol noted on Monday that stock release was not yet needed, as no oil shortage due to Hurricane Harvey was recorded.

Mon, 04 Sep 2017 19:56:46 GMT

US House to discuss relief package for Harvey victims

The US House of Representatives is to consider on Wednesday the provision of a relief package for victims of Hurricane Harvey.

Mon, 04 Sep 2017 18:53:28 GMT

Spain advises Catalonia not to empower its tax agency

The Spanish central government advised Catalonia on Monday not to empower its new tax agency that might result in criminal proceedings and sanctions for local companies.

Mon, 04 Sep 2017 18:52:02 GMT

New York Governor considers suing Trump over immigrant program

The Governor of New York Andrew Cuomo said on Monday that he would sue the US President Donald Trump if he removed a program that protects illegal immigrants from deportation.

Mon, 04 Sep 2017 18:03:05 GMT

Turkey condemns Germany over populism

On Monday, a Turkish spokesperson heavily criticised Germany over "indulging in populism" following Angela Merkel's shift on Ankara's EU membership.

Mon, 04 Sep 2017 18:01:59 GMT

President critic arrested in Rwanda

On Monday, the Rwandan police detained Diane Shima Rwigara, the President Paul Kagame's critic, and her relatives over alleged tax evasion and forgery.

Mon, 04 Sep 2017 16:53:06 GMT

Japan urge for tougher sanctions on North Korea

On Monday, Japan's Ambassador to the United Nations urged the UN Security Council to impose tougher sanctions on North Korea.

Mon, 04 Sep 2017 16:52:37 GMT

Switzerland ready to mediate North Korean crisis

The Swiss President Doris Leuthard reported on Monday that Switzerland could help mediate the growing North Korean crisis.

Mon, 04 Sep 2017 16:20:08 GMT

South Korea says North Korea may fire ICBM

South Korea's Deputy Minister of National Defence reported on Monday that North Korea might launch an intercontinental ballistic missile.

Mon, 04 Sep 2017 16:19:21 GMT

Euro zone producer prices hold steady in July

Eurostat reported on Monday that its PPI came in at 0.0% in July, following the preceding month's decline of 0.2% but falling behind analysts' expectations for a 0.1% rise.

Mon, 04 Sep 2017 15:27:39 GMT

UK construction activity drops unexpectedly in August

Markit reported that its PMI for the UK construction sector fell to 51.1 last month from July's 51.9, while analysts expected a slight increase to 52.1 points.

Mon, 04 Sep 2017 15:26:53 GMT

Euro zone investor morale brightens in September

Sentix reported on Monday that its Investor Confidence Index for the Euro zone rose to 28.2 points in September, up from the prior month's 27.7, whereas analysts anticipated a slight fall to 27.4.

Mon, 04 Sep 2017 14:32:21 GMT

Serbian PM expects economy growth this year

The Prime Minister of Serbia Ana Brnabic stated on Monday that the country's economy might expand 2.5% in 2017 and 3% next year.

Mon, 04 Sep 2017 14:25:03 GMT

G7 ready to stop North Korean nuclear programme

The G7 countries have pledged to severe measures to ensure that North Korea completely stops its nuclear programme, following its latest missile test-launch on Monday.

Mon, 04 Sep 2017 13:32:52 GMT

UK prepared to intensify Brexit negotiations

According to the British PM Theresa May's spokesman, the UK is ready to intensify the Brexit negotiations with the EU, despite the move had not been agreed yet.

Mon, 04 Sep 2017 13:25:12 GMT

Swiss seeks to act as mediator in North Korea crisis

Switzerland's President Doris Leuthard stated on Monday that her country was ready to play a mediator role to help find a solution to the North Korea conflict, including by holding ministerial talks.

Mon, 04 Sep 2017 12:30:45 GMT

Daimler to trigger Via ride-hailing service in EU

Mercedes-Benz maker Daimler formed a joint venture with the US-based ride-hailing start-up Via as it sought to launch a new on-demand shared shuttle service in Europe, starting from London in 2017.

Mon, 04 Sep 2017 12:21:55 GMT

WWII massive bomb defused in Frankfurt

Germany's explosive experts had successfully defused a huge World War II bomb in the German financial capital Frankfurt after 60K people were evacuated on Sunday.

Mon, 04 Sep 2017 11:09:39 GMT

Novartis's Jimenez to retire in 2018, replaced by new CEO

Novartis announced on Monday that its current Chief Executive Joseph Jimenez was eager to step down in 2018 and would be replaced by the new CEO Vasant Narasimhan starting from February.

Mon, 04 Sep 2017 11:09:24 GMT

Spanish unemployment jumps markedly in August

According to the Spanish Employment Ministry, the number of unemployed Spaniards surged 46.4K in August, missing analysts' expectations for a 16.3K drop.

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