News

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Tue, 13 Mar 2018 21:04:29 GMT

Sri Lanka to lift ban imposed on Facebook, WhatsApp

The Sri Lankan Telecommunication Minister Harin Fernando reported on Tuesday that the government was likely to lift the ban imposed on Facebook and WhatsApp.

Tue, 13 Mar 2018 21:03:42 GMT

Adidas to buy back up to €3B of its shares

Adidas, a German sportswear company, reported on Tuesday that it would buy back up to €3B of its shares by May 11, 2021.

Tue, 13 Mar 2018 19:56:04 GMT

Kudlow emerges as front-runner to become Trump's top economic adviser

The US President Donald Trump said on Tuesday that Lawrence Kudlow, an American conservative commentator, was the front-runner to become his next top economic adviser.

Tue, 13 Mar 2018 19:55:07 GMT

British economy to grow 1.5% in 2018

On Tuesday, the OBR revised up its 2018 growth forecast for the UK economy to 1.5% from November's 1.4% but left its growth projection for both 2019 and 2020 unchanged at 1.3%.

Tue, 13 Mar 2018 18:55:52 GMT

UK media regulators says RT could lose license

The UK media regulator reported on Tuesday that Russia Today could lose its license in Britain if the UK PM Theresa May's ex-spy poisoning allegations proved to be true.

Tue, 13 Mar 2018 18:54:14 GMT

European stocks end day in red after Rex Tillerson's firing

Major European stock markets closed firmly in the red on Tuesday as the Euro climbed against the US Dollar after the US President Donald Trump fired the Secretary of State Rex Tillerson.

Tue, 13 Mar 2018 18:01:25 GMT

Moldova's ex-MP imprisoned over spying for Russia

Moldova's former Member of Parliament Yuri Bolboceanu has been sentenced to 14 years in jail on charges of spying for Russia's military intelligence.

Tue, 13 Mar 2018 18:00:47 GMT

VW's record profit drives up CEO's salary package

On Tuesday, Volkswagen said that the group's record profit drove up its CEO Matthias Mueller's salary package by around 40% to $12.47M last year.

Tue, 13 Mar 2018 17:22:26 GMT

EC slashes red tape for debt funds

On Tuesday, the European Commission moved on with a proposal to boost cross-border investing in AIFs in order to improve funding for SMEs across the continent.

Tue, 13 Mar 2018 17:21:43 GMT

US NFIB small business index jumps in February

Data released by the US National Federation of Independent Business showed that its small business index jumped to 107.6 points in February.

Tue, 13 Mar 2018 16:28:46 GMT

US CPI hits forecast in February

The US Bureau of Labour Statistics revealed on Tuesday that the CPI came in at 0.2% growth pace over the month of February, matching economists' expectations.

Tue, 13 Mar 2018 16:28:00 GMT

Australian home loans fall 1.1% in January

According to the data released by the Australian Bureau of Statistics, home loans in the country fell 1.1% over the course of January.

Tue, 13 Mar 2018 15:34:15 GMT

Israeli Electra files suit against Huawei over import contract

Israeli Electra CP announced about filing a $23M lawsuit against the Chinese telecom giant Huawei Technologies over the alleged violation of contract to import electronic devices to Israel's customers.

Tue, 13 Mar 2018 15:23:44 GMT

Spanish ACS to lead plan with Atlantia over Abertis acquisition

Spain's ACS was willing to take the leading role in a deal with the Italian firm Atlantia to jointly acquire the toll road operator Abertis, sources familiar with the issue reported.

Tue, 13 Mar 2018 13:53:42 GMT

Iraq's PM to lift ban on flights to Kurdistan Region

The Iraqi Prime Minister Haider al-Abadi agreed to repeal a ban on Tuesday that was imposed on the international flights to Kurdistan Region, saying the operations might be resumed within a week.

Tue, 13 Mar 2018 13:52:54 GMT

UnitedHealth appoints ex-GSK CEO as Optum head

On Tuesday, UnitedHealth named the former GlaxoSmithKline Chief Executive Andrew Witty as its pharmacy benefit unit Optum's head, starting July 1.

Tue, 13 Mar 2018 13:17:52 GMT

President Trump ousts US Secretary of State Rex Tillerson

On Tuesday, the US President Donald Trump fired the US State Secretary Rex Tillerson and replaced him with the head of the Central Intelligence Agency Mike Pompeo.

Tue, 13 Mar 2018 13:08:54 GMT

Piquadro in negotiations over buying Lancel

Italy's high-end briefcase producer Piquadro is in talks with Richemont to acquire the France's leather goods maker Lancel, seeking to complete the potential deal in this year's first half.

Tue, 13 Mar 2018 12:33:16 GMT

Salesforce introduces new software for small businesses

On Tuesday, Salesforce.com launched a new customer service and sales software called "Essentials" for small businesses, which are the simplified versions of its Service and Sales Cloud products.

Tue, 13 Mar 2018 12:16:38 GMT

Spain's Amazon workers declare strike over rights, wages

According to the Comisiones Obreras union, more than thousand Amazon workers in Spain are planning to call a two-day strike on March 21-22 to protest over employees' rights and wages reduction.

Tue, 13 Mar 2018 11:03:43 GMT

Barnier: UK cannot retain EU benefits and have third country status

The European Union's key Brexit negotiator Michel Barnier stated on Tuesday that the UK could not have the status of a third country and retain benefits of the EU at the same time.

Tue, 13 Mar 2018 11:03:29 GMT

Israel to restrict cash deals to combat fraud

On Tuesday, the Israeli parliament approved a law intended to restrict cash deals in order to combat money laundering and other economic crimes.

Tue, 13 Mar 2018 10:25:22 GMT

Wistron wins approval to build new site in India

Karnataka has granted Apple's supplier Wistron a permission to establish a new assembly facility in the Southern India, as part of the iPhone assembly work presumable expansion in India.

Tue, 13 Mar 2018 10:15:29 GMT

Finnish Solidium buys 3.3% stake in Nokia

The investment arm of the Finnish government Solidium acquired a 3.3% stake in Nokia worth about $1.04B, in its efforts to boost Finland's influence over the company.

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