News

Note: This section contains information in English only.
Sun, 07 Jul 2019 03:50:11 GMT

Maire says EU needs to find candidate to head IMF

On Saturday, France's Finance Minister Bruno Le Maire said that the EU finance ministers need to look for a compromise candidate to replace the head of the International Monetary Fund Christine Lagarde.

Sun, 07 Jul 2019 02:50:36 GMT

Britain should be worried of Iran's retaliatory measures

According to the Fars news agency report, Mohammad Ali Mousavi Jazayeri, an Iranian cleric, said on Saturday that the UK should be worried of Tehran's response for the seizure of Iran's supertanker.

Sun, 07 Jul 2019 02:23:25 GMT

Second Turkish drillship to begin drilling off Cyprus

The Turkish Energy Minister Fatih Donmez said on Saturday that a second Turkey's ship would commence drilling for oil and gas in the Eastern Mediterranean Sea.

Sat, 06 Jul 2019 20:15:35 GMT

Italy urges tlantia to repay tolls

The Deputy Prime Minister of Italy Luigi Di Maio stated on Saturday that Atlantia must repay tolls earned from motorway concession in order to maintain the state contract.

Sat, 06 Jul 2019 19:18:50 GMT

India's PNB reports half-billion fraud

India's Punjab National Bank stated on Saturday that it has detected an alleged $556M lending fraud in Bhushan Power & Steel Ltd's corporate account reported it to the country's central bank.

Sat, 06 Jul 2019 17:28:45 GMT

China's logistics sector grows in June

According to the China Federation of Logistics and Purchasing, the country's logistics sector has increased by 0.9% in June, reaching 51.9 points by the scale of Logistics Performance Index.

Sat, 06 Jul 2019 16:37:18 GMT

Xi emphasizes governance modernization

The Chinese leader Xi Jinping stated on Saturday that the latest reform of the Communist Party of China resulted in the notable improvement of the country's overall governance.

Sat, 06 Jul 2019 15:01:19 GMT

Canadian unemployment rises slightly

The Canadian unemployment rate has increased slightly to 5.5% in June from 5.4% the previous month, the Statistics Canada reports.

Sat, 06 Jul 2019 14:04:54 GMT

Samsung Electronics operating profit shrinks

Samsung Electronics, a multinational electronics company, has reported a sharp decline in operating profit in the second quarter of 2019 due to a global slowdown in the semiconductor industry.

Sat, 06 Jul 2019 13:38:19 GMT

TIM to prolong 5G services to six more cities

Telecom Italia, the Italian largest phone group, is planning to prolong 5G services to six new Italian cities and dozens of tourist business hubs and spots by this year's end.

Sat, 06 Jul 2019 12:12:33 GMT

Jaguar Land Rover to make EVs at UK plant

Jaguar Land Rover has invested multi-million pounds to build electric cars at its British plant, in its major boost for Britain's government and a sector that was hit by the diesel sales drop and Brexit uncertainty.

Sat, 06 Jul 2019 11:37:32 GMT

EU FinMins need to find compromise IMF candidate

On Saturday, Bruno Le Maire, France's Finance Minister, stated that the EU Finance Ministers needed to find a compromise nominee to replace the International Monetary Fund's head Christine Lagarde, after she had been nominated as the ECB President to succeed Mario Draghi.

Sat, 06 Jul 2019 10:15:48 GMT

Turkey fires its central bank governor

On Saturday, Turkey has fired its central bank chief Murat Cetinkaya due to deepen differences between the bank and the government on the back of an economic malaise, high inflation and the lira currency volatility.

Sat, 06 Jul 2019 09:33:48 GMT

US approves SoftBank's $2.25B investment in Cruise

A US national security panels granted its approval to the $2.25B investment by the Japanese group SoftBank in Cruise, the US autonomous vehicle company backed by General Motors.

Sat, 06 Jul 2019 08:36:47 GMT

Qatar's ruling emir, Trump to meet next week

Sheikh Tamim bin Hamad al-Thani, Qatar's ruling emir, is set to hold a meeting with the US President Donald Trump on July 9 in Washington to discuss the latest international and regional developments, the Qatari state news outlet reported on Saturday.

Sat, 06 Jul 2019 07:01:03 GMT

Moody's keeps stable outlook on China

The credit rating agency Moody's has kept China's credit rating unchanged at A1 with a stable outlook, a report published by the agency shows.

Sat, 06 Jul 2019 06:19:14 GMT

German industrial orders decline

New orders in the German industrial sector decreased by 2.2% in May compared to the same period the prior month, the German Federal Statistical Office reports.

Sat, 06 Jul 2019 05:27:01 GMT

ADB approves $235M to develop bus transit system in Pakistan

The Asian Development Bank has approved a $235M loan to develop a bus transit system in Karachi, Pakistan's most populated city.

Sat, 06 Jul 2019 04:43:42 GMT

Russian deputy FM plans visit to Venezuela

The Russian Deputy Foreign Minister Sergei Ryabkov plans to visit Venezuela in the second half of June to attend a meeting of the Coordinating Bureau of the Non-Aligned Movement and hold a series of meetings.

Sat, 06 Jul 2019 02:55:56 GMT

Carney says no Brexit deal is hefty risk to UK's economy

Mark Carney, the Governor of the Bank of England, said on Friday that a no deal Brexit was a great risk to UK's economy.

Sat, 06 Jul 2019 02:08:50 GMT

India propose tax waivers on purchase of electric vehicles

The Indian government proposed tax benefits over the purchase of electric vehicles and removed import tax on some auto components to encourage sales and reduce India's dependence over fossil fuels.

Fri, 05 Jul 2019 19:36:22 GMT

BMW's Krueger not to stay for second term

The CEO of German car producer BMW Harald Krueger stated on Friday that he would not stay for a second term and would leave his post in 2020.

Fri, 05 Jul 2019 18:50:51 GMT

Moody's keeps positive projection for China

One of the top credit rating agencies Moody's has decided to keep the A1 rating for China, saying that its positive outlook has not changed.

Fri, 05 Jul 2019 18:17:05 GMT

Businesses welcome Australia's tax reforms

The Business Council of Australia stated on Thursday that approved by the Senate $111B worth tax reforms would help boosting the country's economy.

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