News

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Sat, 22 Jul 2017 03:01:43 GMT

US fines Delta, Frontier and American for violating consumer rules

The US Transportation Department fined Delta Airlines $200K, Frontier Airlines $400k and American Airlines $250K for department's consumer protection rules violations.

Sat, 22 Jul 2017 02:11:49 GMT

EU, Algeria to implement $233M worth economic projects

The European Union and Algeria are set to implement partnership projects totalling $233M in attempt to diversify the country's economy and enhance business climate.

Sat, 22 Jul 2017 02:10:49 GMT

Bank of America sees Dublin as place for post-Brexit EU entity

Bank of America confirmed Dublin as a location for it EU legal entities after Brexit, aiming to move market operations and investment banking to the Irish capital.

Fri, 21 Jul 2017 20:10:44 GMT

Palestina terminates all official contacts with Israel

On Friday, the Palestinian President Mahmoud Abbas ordered to end all official contacts with Israel in protest against the latest security measures in Jerusalem.

Fri, 21 Jul 2017 20:10:27 GMT

Oil prices settle down at $48.06

On Friday, crude oil prices lost 2.5% and settled down at $48.06 a barrel amid rising OPEC supply.

Fri, 21 Jul 2017 19:05:03 GMT

USDOL fines Wells Fargo with $575K

The US Department of Labor requested Wells Fargo to pay $575K of fine and rehire an unknown whistleblower, who raised awareness over the opening of 2.1M customer bank accounts without their knowledge.

Fri, 21 Jul 2017 19:04:13 GMT

Kurt Volker to visit Ukraine

Kurt Volker, the US special envoy for Ukraine negotiations, will visit country's eastern regions to meet with senior officials and discuss security issues, the US State Department announced on Friday.

Fri, 21 Jul 2017 18:04:50 GMT

Flynt receives Swiss banking license

On Friday, the Zurich-based digital wealth management company Flynt has got a banking license from Swiss financial regulator FINMA. The start-up aims to provide asset management services for wealthy clients. 

Fri, 21 Jul 2017 18:03:54 GMT

US to forbid to travel to North Korea

On Friday, the US State Department said that the US government wants to forbid all Americans from visitng and traveling to North Korea because of "the serious risk of arrest".

Fri, 21 Jul 2017 16:50:21 GMT

Britain's Hammond to push for longer transition period after Brexit

Philip Hammond, the British Finance Minister, told the Board of Goldman Sachs that he would push for a longer transition period after the UK leaves the EU, sources close to the matter reported.

Fri, 21 Jul 2017 16:49:55 GMT

Scaramucci's appointment leads to White House spokesman's resignation

Sean Spicer, the White House spokesman, resigned after Donald Trump appointed Anthony Scaramucci, a prominent American financier, as the new White House communications director.

Fri, 21 Jul 2017 16:15:45 GMT

UAWU in talks with GM about impact of weak car sales

The United Auto Workers Union President Dennis Williams reported that the Union was in talks with General Motors about the potential threat posed by weak car sales.

Fri, 21 Jul 2017 16:04:02 GMT

Trump to review defence industrial base

The White House reported on Friday that the US President Donald Trump indented to review the defence industrial base.

Fri, 21 Jul 2017 15:13:52 GMT

Canadian consumer prices decline in line with forecasts

Canadian headline inflation fell 0.1% month-over-month in June after rising 0.1% in the prior month, but meeting analysts' expectations.

Fri, 21 Jul 2017 15:13:14 GMT

Canadian core retail sales fall 0.1% in May

Statistics Canada reported on Friday that core retail sales dropped 0.1% in May, following the preceding month's downwardly revised rise of 1.3%.

Fri, 21 Jul 2017 14:16:31 GMT

Telecom Italia head to quit on July 27

The telecom Italia CEO Flavio Cattaneo is eager to step down from his post next week on July 27 after dispute with the company's top shareholder Vivendi.

Fri, 21 Jul 2017 14:03:31 GMT

Turkey unveils terrorism black list of 680 German firms

On Friday, Turkey provided the German government with a black list of more than 680 Germany's companies that Turkey suspected of supporting terrorism.

Fri, 21 Jul 2017 13:34:45 GMT

UAE accepts Doha's decision to amend its anti-terrorism laws

The United Arab Emirates welcomed the Qatari decision on Friday to amend the anti-terrorism laws following the escalated tensions among the Arab Gulf states and Doha.

Fri, 21 Jul 2017 13:30:04 GMT

Turkey's Erdogan seeks to solve Gulf states crisis

Turkey's President Tayyip Erdogan stated on Friday that his country will attempt to solve the Gulf crisis among Qatar and its neighbouring Arab states during his visits to the countries on July 23-24.

Fri, 21 Jul 2017 12:31:34 GMT

Trump's legal team spokesman quits amid shake-up

The US leader Donald Trump's outside legal team spokesman Marc Corallo stepped down from his post due to the team reorganisation, following the investigation into the alleged Russian involvement in the US 2016 election.

Fri, 21 Jul 2017 12:16:20 GMT

General Electric revenue falls 12% in Q2

General Electric missed analysts' expectations by posting a 12% drop in its second quarter revenue to $29.56B, compared to the last year's reading of $33.49B.

Fri, 21 Jul 2017 11:21:39 GMT

US to impose ban on travelling to North Korea

According to the two tour agencies that arrange US-North Korea trips, the US authorities are eager to bar its citizens from travelling to North Korea, following the American student's death on such a tour.

Fri, 21 Jul 2017 11:01:33 GMT

China seeks to take away leadership from US in AI

China stated it was planning to outrun the United States and become a world-champion in an artificial intelligence by 2025 amid escalated tensions over the tech military applications.

Fri, 21 Jul 2017 10:22:04 GMT

Germans are reviewing Turkish armament projects

The government of Germany is reviewing all of the Turkish applications for armament projects. However, the reason for the checking has not been revealed.

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