News

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Wed, 17 May 2017 10:01:27 GMT

UBS survey reveals confidence

Although the global financial and political turmoil has increased in the past year, the richest people of the world are not concerned. UBS Wealth Management surveyed 2,800 millionaires and found that three quarters are confident in their assessment of their risk.

Wed, 17 May 2017 09:24:07 GMT

EU Tusk calls for fairness towards UK in Brexit talks

The President of the European Council Donald Tusk called the 27 member states of the bloc to show their fairness and political solidarity towards the United Kingdom in the Brexit negotiations.

Wed, 17 May 2017 09:02:37 GMT

Germany launches formal inquiry on Porsche executives

The prosecution of Germany started an investigation of Porsche SE as the company's executives Hans Dieter Poetsch and Matthias Mueller are suspected of market manipulation.

Wed, 17 May 2017 08:31:01 GMT

Volvo to shut down diesel engine production

On Wednesday, the Volvo CEO Hakan Samuelsson announced that the automaker was not eager to develop new diesel engines as meeting the emissions standards became too expansive following the rising costs.

Wed, 17 May 2017 08:17:14 GMT

Japan key spokesman denies PM's involvement in school scandal

According to the Japanese top spokesman, the Prime Minister Shinzo Abe was not involved into a public scandal as he did not help an educational institution to get permission for setting up a veterinary school.

Wed, 17 May 2017 07:34:09 GMT

China builds up rocket launchers on Spratly Islands' disputed reef

According to a local newspaper, China constructed rocket launchers on the one of the reefs in the disputed South China Sea, tending to ward off the military combat drivers of Vietnam.

Wed, 17 May 2017 07:20:07 GMT

Greeks stage nationwide protest over bailout reforms

Greece's private and public sector unions have called the nationwide protest strikes on Wednesday as the lawmakers are eager to trigger a new round of the €86B bailout reforms.

Wed, 17 May 2017 06:34:32 GMT

China considers US to take blame for cyber attack

On Wednesday, China condemned the United States for inhibiting the attempts to stop the WannaCry ransomware attack spread across the world and said the US should take some blame for this threat.

Wed, 17 May 2017 06:26:28 GMT

773 Honduras gang members moved to high-security prison

Honduras authorities moved 773 gang members to a high-security prison, completing to relocate about 2K highly dangerous criminals amid an attempt to prevent jails to serve as criminal activity centres.

Wed, 17 May 2017 05:34:25 GMT

VW's JV to call off about 600K vehicles amid fuse issue

Chinese FAW-Volkswagen Automobile is eager to recall nearly 600K of the Golf and Sagitar vehicles amid safety risks caused by a fuse defect.

Wed, 17 May 2017 05:26:20 GMT

Trump calls Comey to end Flynn investigation

According to a source familiar with the issue, the US President Trump urged the ex-FBI Director James Comey to shut down the agency's inquiry into links between the former National Security Adviser Michael Flynn and Russia.

Wed, 17 May 2017 04:34:35 GMT

Brazil case reopening may annul 2014 election

The top Brazilian electoral court is eager to conduct a new trial next month that may result in 2014 election abolition on charges of financing an illegal campaign and the President Michel Temer's unseat.

Wed, 17 May 2017 04:23:56 GMT

South Korea seeks to renew communications with North Korean

The South Korean President Moon Jae-in wants to reopen communications and impose sanctions on North Korea, tending to rein in the missile programme as its neighbour continues to ignore calls from its major allies.

Wed, 17 May 2017 03:04:09 GMT

Australia wages grow at slowest pace

Australian wages held the slowest annual growth pace of 1.9% in the three-month period to March 2017, while household debt climbed to a record high.

Wed, 17 May 2017 02:51:29 GMT

Australian consumer sentiment declines in May, Westpac survey

Data released by the Westpac-Melbourne Institute revealed that the Consumer Confidence Index in Australia fell 1.1% in May, posting the second straight month of decrease.

Wed, 17 May 2017 02:05:01 GMT

Office space increases in London despite Brexit uncertaity

Deloitte survey showed that the amount of available office space in London climbed 19% in Q1, even with expectations for lower rental values in a post-Brexit period.

Wed, 17 May 2017 02:01:59 GMT

Atlanta Fed raises GDP forecast for Q2 above 4%

The Atlanta Fed updated its forecast for the US economy to post a 4.1% yearly increase in the second quarter, following April figures on industrial output and housing starts.

Tue, 16 May 2017 20:14:32 GMT

US concludes new defence accord with UAE

The US signed on Tuesday an updated defence accord with UAE, thus allowing Washington to relocate more troops and equipment in the given Gulf region's country.

Tue, 16 May 2017 20:08:41 GMT

Oil prices relatively unchanged on Tuesday

Oil prices remained flat in Tuesday's trading session in response to OPEC members giving support for the possible extension of supply cuts until March 2018.

Tue, 16 May 2017 18:59:34 GMT

US security adviser dismisses allegations that Trump disclosed sensitive information

The US national security adviser McMaster reassured that Trump did not disclose any information that may cause a breach of national security in the meeting with Russian officials.

Tue, 16 May 2017 18:55:18 GMT

Trump may notify Congress about NAFTA next week, says Mexico

The Mexican Economy Minister Ildefonso Guajardo expects the Trump administration to inform Congress in the upcoming week of the need to renegotiate NAFTA.

Tue, 16 May 2017 17:55:55 GMT

Businesses suffering from latest cyber-attack may face lawsuits

Legal experts claim that businesses that suffered from the tremendous cyber-attack over the weekend may face lawsuits for the negligence to ensure proper cyber security.

Tue, 16 May 2017 17:53:24 GMT

Dollar index trades lower due to external pressures

The US dollar index edged lower on Tuesday in response to weaker-than-expected housing data and political uncertainty in Washington.

Tue, 16 May 2017 17:05:33 GMT

Lenovo to restructure its business in China

Lenovo Group Ltd announced on Tuesday a plan to restructure its business in order to adapt more easily to the fast-moving Chinese consumer market.

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