News

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Fri, 01 Sep 2017 04:26:57 GMT

Mitsui Fudosan to invest $3.6B in NY office tower

On Friday, the Japanese real estate developer Mitsui Fudosan revealed it would make a $3.6B, or ¥400B, investment in a 58-storey office tower in New York.

Fri, 01 Sep 2017 04:26:10 GMT

Tajikistan to establish more intelligence exchanges with China

The Chinese Foreign Ministry announced it had agreed to establish more security intelligence exchanges with Tajikistan as a part of diplomatic relations upgrade between the two countries.

Fri, 01 Sep 2017 02:55:07 GMT

Japan's manufacturing activity expands in August

The Japan final Manufacturing PMI reached a 52.2 mark in August, up from July's final reading of 52.1, suggesting that the economy kept growing at a healthy, but more modest pace.

Fri, 01 Sep 2017 02:05:51 GMT

FedEx, UPS resume service in some areas of storm-battered Texas

FedEx Corp and United Parcel Service stated that both companies resumed its flights at main airport of Huston and restarted operations in Texas parts disabled by Hurricane Harvey.

Fri, 01 Sep 2017 02:04:55 GMT

Canada, Mexico to stay within NAFTA, even if US quits

Trade relationships between Canada and Mexico would remain under NAFTA regulation, even if US decides to leave, Mexican Economy Minister said.

Fri, 01 Sep 2017 02:04:09 GMT

Samsung allowed to test self-driving vehicles in California

Samsung stated that the company received a permit for testing its self-driving cars in California, though without future plans to enter car-manufacturing sector.

Thu, 31 Aug 2017 20:10:58 GMT

US, Mexico, Canada plan to review NAFTA by year-end

According to the White House, the US President Donald Trump expressed hope that all three North American countries could renegotiate the NAFTA trade deal by the end of this year.

Thu, 31 Aug 2017 20:10:29 GMT

Iraqi PM declares victory in Tal Afar

On Thursday, the Iraqi Prime Minister Hayder al-Abadi declared victory over the Islamic State fighters in Tal Afar and the northern province of Nineveh.

Thu, 31 Aug 2017 19:05:29 GMT

Oil price rises to $52.33

On Thursday, crude oil price rose 2.89% to $52.33 a barrel, as the Hurricane Harvey reduced refining capacity by 4.4M barrels per day.

Thu, 31 Aug 2017 19:05:21 GMT

GE's CEO plans job cuts

According to a source familiar with the matter, the GE's new CEO John Flannery plans to substantially reduce labour force in an attempt to save $2B in costs by the end of 2018.

Thu, 31 Aug 2017 18:09:56 GMT

US Perry expects gas prices increase

On Thursday, the US Energy Secretary Rick Perry said that gasoline prices are expected to increase as a result of the Tropical Storm Harvey.

Thu, 31 Aug 2017 18:09:48 GMT

UN urges Iran to terminate prisoner hunger strike

On Thursday, the UN Special Rapporteur Asma Jahangir asked Iranian authorities to resolve a hunger strike initiated by 53 prisoners that protested against their conditions of detention.

Thu, 31 Aug 2017 17:02:43 GMT

Spain asks for fewer North Korean diplomats

The Spain's Foreign Ministry announced to ambassador of North Korea the condemnation of missile launches and requested a reduction in North Korea's diplomats in Madrid.

Thu, 31 Aug 2017 17:01:47 GMT

UK online betting firm 888 fined for failure to protect customers

The UK online betting business 888 was fined nearly $10M for failing to protect the company's vulnerable customers from addiction to gambling.

Thu, 31 Aug 2017 16:00:02 GMT

Big banks join project on digital cash settlement via blockchain

Six more big banks joined a UBS-led attemt to build digital cash system, which would let financial markets to settle transactions and make payments using blockchain technology.

Thu, 31 Aug 2017 15:58:08 GMT

Lyft extends ride-sharing service to additional 32 states

Ride services firm Lift announced that the company unveiled availability to 32 more states, aiming to get market share from its major rival Uber.

Thu, 31 Aug 2017 15:24:19 GMT

US pending home sales drop in July

The NAR reported that its Pending Home Sales Index for US edged 0.8% lower to a 109.1 figure, as property market remained in struggle with a lack of available properties.

Thu, 31 Aug 2017 15:23:37 GMT

Breit negotiations fail to shift to future ties

The UK exit talks with the European Union failed to make progress this week, which was needed to open negotiations on their further relationships in October.

Thu, 31 Aug 2017 14:18:12 GMT

Britain's May vows to contest next election

The UK PM Theresa May vowed that she sought to fight the next Parliamentary election presumed in 2022, dispelling expectations for her resignation straight after the Brexit in 2019.

Thu, 31 Aug 2017 14:00:15 GMT

Nestle closes skin health product plant in Switzerland

Nestle announced on Thursday it had shut down its Swiss factory of the skin health products amid a sharp slowdown in the business, phasing out about 190 jobs.

Thu, 31 Aug 2017 13:30:53 GMT

German aviation regulation to blame for Air Berlin fiasco

On Thursday, a German tourism trade body blamed the country's aviation regulation and taxes for the Air Berlin carrier failure, which had filed for bankruptcy protection earlier that month.

Thu, 31 Aug 2017 13:20:40 GMT

Japan and UK seek for trade deal shortly after Brexit

The British PM Theresa May confirmed that Japan had agreed on their trade deal to come into force straight after the UK's withdrawal from the European Union.

Thu, 31 Aug 2017 12:32:08 GMT

GE new CEO plans job cuts to lower costs

General Electric's new CEO John Flannery is preparing for a major downsizing amid the intention to reduce around $2B in spending and boost the company's profit.

Thu, 31 Aug 2017 12:17:56 GMT

Ryanair seeks to operate 90 Alitalia aircraft

The Ryanair CEO Michael O'Leary stated on Thursday that his Irish low-cost airline would bid to operate 90 Alitalia air planes together with the airline's existing staff amid the Italian company's restructuring.

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