News

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Tue, 16 May 2017 11:06:13 GMT

North Korea claims its missile probe is legit

The North Korean official stated to the UN Conference on Disarmament that its missile test launched recently was a completely legitimate self-defence act under the law of nations.

Tue, 16 May 2017 09:58:48 GMT

Official data: Canadian small business lending unchanged

According to the official data released on Tuesday, the Canadian small business lending remained relatively unchanged in March, in comparison to February's figures.

Tue, 16 May 2017 09:58:31 GMT

Inflation in UK reaches highest level since 2013

On Tuesday, inflation in the UK in April rose to the highest level since nearly four years, edging 2.7% up, beating expectations of 2.6%, with the main reason being the weaker Pound, as a result of the last years' Brexit vote.

Tue, 16 May 2017 09:30:05 GMT

EU automobile sales plunge 6.8% in April

According to ACEA, the Europe car sales dropped 6.8% in the prior month amid a sharp decrease in Volkswagen vehicles demand and double-digit sales fall in the UK.

Tue, 16 May 2017 09:20:58 GMT

UK sadistic "Moors Murderer" Ian Brady dies in secure hospital

An infamous child serial killer and one of the two "Moors Murderers" jailed for life Ian Brady died this Monday in the Liverpool secure hospital where he was placed in 1966 after being diagnosed with schizophrenia.

Tue, 16 May 2017 08:34:17 GMT

Thai Court expects Facebook to comply with orders on violent content

Thailand's authorities have no immediate plan to suspend Facebook as it expects the social media to obey the orders and remove the content considered to threaten the national security.

Tue, 16 May 2017 08:22:16 GMT

Rue21 files for bankruptcy protection under the Chapter 11

The US fashion retailer Rue21 appealed for the Chapter 11 bankruptcy protection, expecting to proceed with normal operations throughout the process.

Tue, 16 May 2017 07:33:58 GMT

Turkey to arrest 85 ministry staff under post-coup investigation

The Prosecution of Turkey ordered the arrest of 85 education and energy ministries' staff in a post-coup probe linked to the US-based cleric's network.

Tue, 16 May 2017 07:08:34 GMT

IranAir to receive four ATR 72-600 turboprop aircraft

IranAir will take delivery of its first four ATR 72-600 turbo-propeller aircraft on Tuesday amid the company's fleet rebuild following the nuclear-related sanctions imposed on Iran last year.

Tue, 16 May 2017 06:32:01 GMT

Facebook still available in Thailand despite threats to shut it down

On Tuesday, Facebook was still accessible in Thailand despite the government's intention to shut down the social media giant amid concerns that the platform threatened to the national security.

Tue, 16 May 2017 06:22:06 GMT

Indian CBI search ex-Finance Minister's homes

On Tuesday, the Indian Central Bureau of Investigation sought through the former Finance Minister P. Chidambaram's homes in the criminal investigation on suspected misconduct linked to investment deal approvals.

Tue, 16 May 2017 05:26:48 GMT

Australia discusses free trade agreement with China

On Tuesday, the Australian Trade Minister Steven Ciobo stated that Australia began discussing free trade agreement details with China, aimed to improve access for service providers to both countries.

Tue, 16 May 2017 04:57:19 GMT

North Korea believed to be involved in recent hacker attack

Cyber security researchers believe that the recent global hacking by the WannaCry malware could be linked to North Korea, as the preliminary code examination showed traces of a virus originated from a North Korean hacker group.

Tue, 16 May 2017 04:28:00 GMT

South Korea fines two major banks

According to the South Korean anti-trust regulator, two major banks, BNP Paribas and Deutsche Bank AG were fined $94,000 and $63,000, respectively, over rigging in currency forwards auctions.

Tue, 16 May 2017 02:55:11 GMT

Hackers threaten to publish unreleased film, Disney says

Hackers claimed that they have access to an unreleased Walt Disney movie and threaten to release it unless the ransom is paid, the company's CEO Robert Iger said.

Tue, 16 May 2017 02:52:22 GMT

Ford Motor to reduce workforce by about 10%

Ford Motor is expected to cut about 10% of its total employee headcount, targeting to reduce costs by $3B in 2017 in order to increase profitability in the following year.

Tue, 16 May 2017 02:07:10 GMT

Top Mexican and US trade officials discuss NAFTA talks schedule

Wilbur Ross, the US Treasury Secretary, and Ildefonso Guajardo, Mexican Economy Minister, met in Washington to discuss the schedule for renegotiating the NAFTA agreement.

Tue, 16 May 2017 02:00:06 GMT

US disclose intelligence secrets to Russia

Donald Trump revealed highly classified information to Sergei Lavrov, the Russian Foreign Minister, on a planned operation in Islamic State, two US officials said.

Mon, 15 May 2017 20:05:12 GMT

Greece to loosen capital restrictions

Greece unveiled a draft plan for the gradual loosening of capital restrictions it introduced back in 2015 to protect the country's banks.

Mon, 15 May 2017 20:04:35 GMT

Trump: new FBI head search "moving rapidly"

On Monday, the US President Donald Trump told reporters the process of finding a new FBI head to replace James Comey was "moving rapidly".

Mon, 15 May 2017 19:10:25 GMT

PIMCO downgrades US core inflation forecast for 2017

The global investment management company PIMCO has revised downwards its year-end forecast for the US core inflation on the back of the soft April CPI print.

Mon, 15 May 2017 19:10:00 GMT

Philadelphia accuses Wells Fargo of violating Fair Housing Act

On Monday, the City of Philadelphia filed a lawsuit against Wells Fargo, accusing the major US lender of breaching the federal Fair Housing Act.

Mon, 15 May 2017 18:16:31 GMT

Austria's Kern calls for talks on timing of snap election

On Monday, Christian Kern, the Austrian Chancellor, urged the country's parties to hold negotiations on the potential timing of a quick election.

Mon, 15 May 2017 18:12:55 GMT

Renault-Nissan production back to normal after cyber attack

Following the recent cyber attack that caused a massive disruption in Renault-Nissan operations, the Franco-Japanese carmakers' alliance said it had resumed nearly all production.

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