News

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Wed, 30 Aug 2017 17:08:58 GMT

Samsung to invest $7B in chip plant in China

Samsung signed an agreement allowing to expand the company's chip production in China, with a preliminary investment of $7B.

Wed, 30 Aug 2017 17:07:51 GMT

Ukraine to keep defence spending at 5% of GDP next year

Ukraine is set to sustain its defence spending at nearly 5% of GDP in 2018, which would finance priority tasks of enhancing the country's security and defence, the head of security agency stated.

Wed, 30 Aug 2017 16:04:47 GMT

AT&T to its expand 5G trials in US

AT&T stated that the company is set to include three more US cities while expanding its 5G trials, aiming to push development of a next-generation network.

Wed, 30 Aug 2017 16:04:36 GMT

US GDP growth revised up to 3.0% in Q2

The US economy marked a faster-than-expected growth pace of 3.0% in the June quarter, providing more signs that momentum would be sustained in the Q3, the second preliminary report showed.

Wed, 30 Aug 2017 15:29:35 GMT

Britain to replicate EU external trade agreements after Brexit

The UK is seeking for ways to replicate the trade agreements that the EU has with other countries outside the bloc after Brexit in March 2019, British PM Theresa May stated.

Wed, 30 Aug 2017 15:28:03 GMT

Blockchain techology moves towards mobility services, car sharing

EY, the part of Ernst&Young, said that it launched a system based on a blockhain technology, which would allow companies or group of individuals to share ownership of their cars.

Wed, 30 Aug 2017 14:29:38 GMT

Ryanair not to make offer for assets of Air Berlin

The Ryanair CEO Michael O'Leary stated on Wednesday that his Irish low-cost airline would not make an offer for the struggling German carrier Air Berlin's assets.

Wed, 30 Aug 2017 13:34:11 GMT

UN official calls to end Palestinian feud amid energy crisis

The UN Secretary-General Antonio Guterres urged to terminate the Palestinian political divisions as they caused energy crisis deepening in the two million people isolated enclave.

Wed, 30 Aug 2017 13:20:35 GMT

US conducts missile defence test off Hawaii coast

On Wednesday, the MDA reported that the US Navy and Missile Defence Agency successfully conducted an ICBM defence test off the Hawaii coast.

Wed, 30 Aug 2017 12:33:12 GMT

Siemens acquires automotive software specialist Tass

Germany's industrial company Siemens announced on Wednesday about an acquisition of the self-driving software specialist Tass International as it seeks to strengthen its autonomous business.

Wed, 30 Aug 2017 12:25:12 GMT

China expected to reveal NEV sales quotas soon

China is expected to introduce its severe sales quotas for new electric plug-in vehicles, but is more likely to postpone implementation, giving carmakers additional time to prepare.

Wed, 30 Aug 2017 10:59:04 GMT

ISIS to blame for suicide attack on Afghan lawmaker house

On Wednesday, the Islamic State militant group assumed responsibility for an attack on the senior Parliament member's house in Afghanistan's Jalalabad that left two security guards dead.

Wed, 30 Aug 2017 10:58:38 GMT

Liverpool airport resumes work after suspect package found

British Liverpool airport resumed its normal operations after a package with a suspected bomb inside had been found on Tuesday, an airport spokesman reported.

Wed, 30 Aug 2017 10:00:03 GMT

Theresa May makes another announcement

Prime Minister of the United Kingdom Theresa May has made another announcement on Wednesday. She has stated that the UK will be able to change various trade deal terms after Brexit.

Wed, 30 Aug 2017 09:45:58 GMT

General Electric changes strategy

The General Electric Co is making changes. The company is cutting costs of the industrial software division and evaluating partnerships and equity sales.

Wed, 30 Aug 2017 09:34:10 GMT

Catalonia's independence vote unlikely to hurt Spain's rating

According to the DBRS rating agency's statement on Wednesday, Catalonia's independence vote will not immediately damage rating for Spain.

Wed, 30 Aug 2017 09:20:50 GMT

Evolva phases out 43% of workforce to cut losses

The US Cargill's partner Evolva is cutting out 43% of its workers amid company's intention to stem losses, which widened to ₣20.3M, the sugar substitute maker reported on Wednesday.

Wed, 30 Aug 2017 08:24:57 GMT

Huyndai renews production in China after disruption

On Wednesday, Hyundai Motor resumed its production in China, following a supply disruption that forced the company to suspend all of the operations last week.

Wed, 30 Aug 2017 08:05:43 GMT

China seeks cooperation with India ahead of meeting

China said it had huge potential for cooperation with India and sought to cast its neighbour's difficult relationship in a positive light ahead of a meeting between India's PM and Chinese Foreign Minister.

Wed, 30 Aug 2017 07:33:53 GMT

Khosrowshahi officially becomes new Uber's CEO

On Tuesday, the ride-hailing company Uber officially welcomed Expedia's Dara Khosrowshahi as its new Chief Executive Officer.

Wed, 30 Aug 2017 07:29:54 GMT

Fujifilm to spend $4.5B on M&A over three years

Fujifilm is eager to spend $4.54B on mergers and acquisitions over the next three years amid company's intention to grow outside its standard photographic film business.

Wed, 30 Aug 2017 06:34:12 GMT

US starts inquiry into Uber possible violations of bribery law

On Tuesday, Uber Tech stated that it was cooperating with the US preliminary investigation into the company's presumable bribery law violations.

Wed, 30 Aug 2017 06:23:44 GMT

Venezuela to prosecute US sanction supporters

Venezuela's Constituent Assembly agreed on Tuesday to prosecute those who had supported the latest US sanctions imposed against Caracas last week.

Wed, 30 Aug 2017 05:27:50 GMT

RBNZ wants the Kiwi to be lower

The head of the Reserve Bank of New Zealand wants to see the New Zealand Dollar lower against the US Dollar.

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