News

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Sat, 13 May 2017 04:51:16 GMT

Boeing resumes test flights of 737 MAX

Boeing resumed test flights of its $110M 737 MAX planes after suspending all flights on Wednesday to look into possible engine issues.

Sat, 13 May 2017 03:52:30 GMT

US, Saudi Arabia close to $100B arms sales contract

The US is close to complete a range of arms sales deals with Saudi Arabia totaling $100B, a senior White House official revealed.

Sat, 13 May 2017 03:47:57 GMT

India, China plans for electric cars expected to change gasoline demand

Asia is likely to face peak in demand for gasoline earlier than expected with millions of people in India and China buy electric cars, causing changes in the oil industry.

Sat, 13 May 2017 03:00:24 GMT

Massive cyber attack raises concerns about disclosure of US vulnerability

A global cyber attack fueled concerns that the US intelligence services often hoarder software vulnerabilities due to offensive goals, rather than notifying firms to such flaws.

Sat, 13 May 2017 02:11:36 GMT

British PM promises new powers to punish social media firms

Theresa May, the UK Prime Minister, pledged to make new powers that allows her to punish communication and social media companies, which failed to protect users' data.

Sat, 13 May 2017 02:09:00 GMT

Rosenstein says special prosecutor for Russia probe not needed

Rod Rosenstein, the Deputy US Attorney General, revealed that there is no need for special prosecutor to probe allegations that Russia meddled in the US elections.

Fri, 12 May 2017 20:26:46 GMT

Friday cyber attack infects 70 computers of Swedish authorities

Today's massive cyber attack infected about 70 computers of Swedish local authorities, sources close to the matter reported.

Fri, 12 May 2017 20:25:14 GMT

German Defence Ministry suspends officer for far-right comments

A German officer has been suspended on Friday for making far-right statements, according to Germany's Defence Ministry.

Fri, 12 May 2017 18:56:57 GMT

US Department of Justice begins search for new FBI Director

The White House reported that the US Department of Justice has started looking for a new permanent FBI Director.

Fri, 12 May 2017 18:54:30 GMT

US business inventories climb 0.2% in March

The US Census Bureau reported that business inventories in the United States rose 0.2% in March, surpassing expectations for a 0.1% increase.

Fri, 12 May 2017 17:53:19 GMT

China, US agree to make first steps over trade by mid-July

China and the United States agreed to take first action by mid-July to raise access for US financial companies and expand trade in chicken and beef, aiming to cut trade deficit.

Fri, 12 May 2017 17:47:47 GMT

G7 leaders warn US not to disturb global growth

G7 financial leaders pressed the US not to destroy global consensus over financial regulation and trade, which was criticized by Donald Trump.

Fri, 12 May 2017 16:56:15 GMT

UK Conservatives to publish its election manifesto

The Conservative Party is set to publish election manifesto next week, which provides details on dealing with great challenges for the next five years, British PM Theresa May said.

Fri, 12 May 2017 16:53:33 GMT

NY Fed raises GDP forecast to 1.9%

The New York Fed said that it raised the US economic growth forecast for the second quarter to 1.9%, following the latest reports on retail sales, producer and consumer prices.

Fri, 12 May 2017 16:05:48 GMT

US consumer sentiment rises surprisingly in May

The preliminary data from the University of Michigan showed that the US consumer sentiment climbed to 97.7 in May as Americans became more optimistic on income expectations.

Fri, 12 May 2017 16:03:38 GMT

Fed's Evans expects Fed to make just one rate hike

Charles Evans, the chief of the Fed of Chicago, expects the US central bank to raise interest rates just one more time in 2017 if the inflation rises at a weaker pace.

Fri, 12 May 2017 15:14:26 GMT

US retail sales rise below expectations in April

The Census Bureau reported that the US retail sales rose 0.4% in April, following an upwardly revised 0.1% in March and falling behind expectations of a 0.6% increase.

Fri, 12 May 2017 15:12:30 GMT

US consumer prices at 0.2% in April

The US Consumer Price Index posted a 0.2% monthly increase in April, up from a 0.3% decline registered in the preceding month, the Bureau of Labor Statistics revealed.

Fri, 12 May 2017 14:25:56 GMT

Death toll rises in Pakistani bomb blast

The Pakistani official reported that Baluchistan blast's death toll reached 25 people as a bomb attack hit a convoy of the Pakistan Senate deputy.

Fri, 12 May 2017 14:09:49 GMT

Ransomware cyber attack hits Spanish companies

On Friday, the Spanish largest companies like Telefonica were affected by a ransomware cyber attack that hit their computers' Windows systems asking for ransom to fix the bugs caused.

Fri, 12 May 2017 13:34:31 GMT

Putin and South Korea's Moon to find solution on North Korea

The South Korean President Moon Jae-in and the Russian President Vladimir Putin had a discussion on a phone call over the possible political solution to North Korea's crisis.

Fri, 12 May 2017 13:26:59 GMT

Fiat Chrysler calls off 1.25M trucks amid software issue

On Friday, Fiat Chrysler announced about the recall of over 1.25M pick-up trucks across the world as the company needs to fix a software error.

Fri, 12 May 2017 12:31:47 GMT

Double car blast hits central Rome, no injuries reported

Italy's police is investigating the explosions that hit the Central Rome, damaged a nearby car and sparked panic among workers at the Italian post office; however, no injuries were immediately reported.

Fri, 12 May 2017 12:16:18 GMT

Germany approves automotive cars law

On Friday, the Upper House of the German Parliament has adopted the self-driving vehicles law, which allows the autonomous industry to test, develop and put driverless cars on the road.

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