News

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Tue, 30 Jan 2018 21:17:40 GMT

Wal-Mart in talks to buy minority stake in Flipkart

Sources close to the matter reported on Tuesday that Wal-Mart Stores, an American multinational retail corporation, was in advanced negotiations to acquire a minority stake in India's e-commerce company Flipkart.

Tue, 30 Jan 2018 21:14:11 GMT

Facebook to ban cryptocurrency-related ads

On Tuesday, Facebook stated that it would ban all ads promoting cryptocurrency-related services and products, as well as ICOs.

Tue, 30 Jan 2018 20:29:30 GMT

Russia to deport North Korean migrant workers

Interfax reported on Tuesday that Russia would send all migrant workers from North Korea back to their home country by the end of 2019 to comply with the UN Security Council resolution on North Korea.

Tue, 30 Jan 2018 20:17:54 GMT

Trump's cancellation of new Russian sanctions cause wave of criticism

US official criticised the US President Donald Trump's Tuesday decision not to impose additional sanctions against Russia for its interference in the 2016 US Presidential Election.

Tue, 30 Jan 2018 19:09:40 GMT

Carney: US economy still looks strong

On Tuesday, Mark Carney, the BoE Governor, said he appreciated Donald Trump's rhetoric in favour of a strong Greenback, adding the US economy remains on a solid footing.

Tue, 30 Jan 2018 19:09:17 GMT

Austria's government to cooperate with Hungary's Orban

The Austrian Chancellor Sebastian Kurz and the Hungarian Prime Minister Viktor Orban, both being hardliners on refugees, pledged to work closely on immigration.

Tue, 30 Jan 2018 18:03:19 GMT

US officials call on Arab states to ease tensions in GCC dispute

On Tuesday, the US Secretary of State Rex Tillerson and the Defence Secretary Jim Mattis called on all parties involved in the GCC row to "minimise rhetoric" and "work towards a resolution".

Tue, 30 Jan 2018 18:02:26 GMT

UN envoy urges Greece and Macedonia to put end to name row

The UN Special Envoy Matthew Nimetz has called on Greece and Macedonia to put an end to a long-lasting dispute over Skopje's use of "Macedonia" as its name.

Tue, 30 Jan 2018 17:14:18 GMT

Spanish flash Q4 2017 GDP in line with expectations

The Spanish National Statistics Institute revealed that the country's flash Q4 2017 GDP expanded at a seasonally-adjusted pace of 0.7%, matching forecasts.

Tue, 30 Jan 2018 17:13:35 GMT

US CB consumer confidence betters in January

The Conference Board Consumer Confidence Index for the United States improved over the month of January, jumping to 125.4 points and, thus, surpassing analysts' expectations.

Tue, 30 Jan 2018 16:01:52 GMT

Swiss KOF economic barometer worsens in January

KOF Economic Research Agency reported that its leading economic indicator dropped to 106.9 points in January from the 111.4-point reading registered in the preceding month.

Tue, 30 Jan 2018 16:00:24 GMT

EA19 posts 0.6% GDP growth in Q4 2017

According to the preliminary data released by Eurostat on Tuesday, the seasonally-adjusted GDP was up 0.6% in the Euro zone over the course of the final quarter of 2017.

Tue, 30 Jan 2018 15:32:17 GMT

260 German firms seen to be affected by industrial strikes

About 260 companies in Germany, including Porsche, Daimler and Bosch, are expected to be affected by a 24-hour strike scheduled on late Tuesday as employees raise outrage over wages and working hours.

Tue, 30 Jan 2018 15:19:05 GMT

Bell Helicopter sells three helicopters to Montenegro

On Tuesday, Montenegro has inked a deal to buy three helicopters from Bell Helicopter for $37M, seeking to bolster the country's defences as NATO's new member.

Tue, 30 Jan 2018 14:23:15 GMT

Amazon, JPM, Berkshire tie up over cheaper healthcare costs

JPMorgan Chase, Amazon.com and Berkshire Hathaway teamed up to form a venture with intention to lower their employees' healthcare costs in the United States.

Tue, 30 Jan 2018 14:04:37 GMT

Saudi Arabia to seize over $100B in corruption crackdown

The Saudi Arabian government is set to seize more than $100B in financial settlements amid corruption crackdown, the country's attorney general stated on Tuesday.

Tue, 30 Jan 2018 13:17:23 GMT

Microsoft launches update to disable Intel chip bug patch

On Monday, Microsoft issued an urgent security update to disable Intel's buggy Spectre patch after it had caused PCs to reboot more frequently than normal.

Tue, 30 Jan 2018 13:16:55 GMT

Saudi Aramco seeks to expand in India

The Saudi Arabian oil company Aramco is considering expansion into India's market, Nikkei reported on Tuesday, while Aramco's CEO stated plans for a refinery were crystallising.

Tue, 30 Jan 2018 11:55:43 GMT

Uber to sell Xchange's car lease portfolio to Fair

Uber is planning to sell a vehicle lease portfolio of the company's auto-leasing unit Xchange to a start-up digital vehicle marketplace Fair, not disclosing financial terms.

Tue, 30 Jan 2018 11:52:27 GMT

Varian Medical signs acquisition deal with Sirtex

On Tuesday, Varian Medical signed a deal to buy Australia's Sirtex Medical for around $1.3B, as the company intends to expand its cancer care product portfolio.

Tue, 30 Jan 2018 10:58:18 GMT

Oil prices fall amid stronger US dollar and increased supply

Oil prices fell to their weekly low on Tuesday, as stronger Greenback and increased US supply put downward pressure on the commodity.

Tue, 30 Jan 2018 10:56:55 GMT

Eurozone's economy expands 2.5% in 2017

The gross domestic product of the 19 Eurozone countries grew by 2.5% in 2017, thus recording the highest pace of expansion since 2007.

Tue, 30 Jan 2018 10:30:22 GMT

BP invests in FreeWire in EV move

BP has invested $5M in the US mobile electric vehicle firm FreeWire to help the company provide rapid charging at the retail sales in the EU and Britain amid rising demand for cleaner cars.

Tue, 30 Jan 2018 10:23:14 GMT

Turkey to represent Syrian opposition at talks in Russia

On Tuesday, Turkish Foreign Ministry stated it would represent the Syrian opposition at Russia's peace conference, following opposition's decline to attend the Syria talks.

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