News

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Thu, 17 Aug 2017 14:01:59 GMT

Cisco Systems shares fall about 2.5% on revenue results

Shares of Cisco Systems dropped around 2.5% on Wednesday after the company posted its security business' quarterly revenue that missed analysts' estimates.

Thu, 17 Aug 2017 13:23:09 GMT

Suspected Paris insurgent to face charges in Belgium

Belgium's prosecution stated on Thursday that a suspect in the 2015 ISIS attacks on Paris Salah Abdeslam would face trial in Brussels.

Thu, 17 Aug 2017 13:13:40 GMT

US initial jobless claims drop 12K last week

The number of applications for US unemployment benefits plunged 12K to 232K in the week ending August 12, surpassing forecasts for a 240K reading.

Thu, 17 Aug 2017 11:54:43 GMT

Ericsson files suit against Wiko over patent infringement

Sweden's mobile firm Ericsson filed a suit against the smartphone maker Wiko, alleging that the French-Chinese company had been infringing Ericcson's rights for years without any compensation or licence.

Thu, 17 Aug 2017 11:54:28 GMT

Sixt CEO gives tip-off over BMW-Daimler car-sharing merger talks

On Thursday, the Sixt CEO Erich Sixt hinted at possible merger talks between BMW and Daimler over their vehicle-sharing services DriveNow and Car2Go, adding that Sixt was not involved in negotiations.

Thu, 17 Aug 2017 10:59:27 GMT

Turkey issues detention warrants for 70 ex-Ministry employees

On Thursday, the Turkish officials ordered detention for 70 former Finance Ministry personnel in suspicion of links to the 2016 failed coup attempt.

Thu, 17 Aug 2017 10:59:11 GMT

Ericsson may lay off 25K jobs amid cost-cutting programme

The mobile telecom gear producer Ericsson may phase out about 25K job positions outside Sweden on the back of its cost reduction programme, a local newspaper reported on Thursday.

Thu, 17 Aug 2017 09:51:36 GMT

British retail sales grow 0.3% in July

British retail sales expanded by 0.3% on a monthly basis in July, remaining above the estimate of 0.2%, but nevertheless adding to concerns about a decline in consumer spending.

Thu, 17 Aug 2017 09:51:27 GMT

Poll: Thailand's GDP expected to cool down in Q2

Thailand's economic expansion is expected to cool down in the second quarter of 2017, resulting from a fall in public and private investment, a poll by Reuters showed on Thursday.

Thu, 17 Aug 2017 09:29:09 GMT

58 dead in three days as Philippines drug war intensifies

The Philippines authorities reported on Thursday that no less than 58 people died in three days in the country's capital Manila as the President Rodrigo Duterte's war on crimes and drugs intensified.

Thu, 17 Aug 2017 09:22:24 GMT

Euro zone CPI Flash comes in at 1.3% in July

According to Eurostat, the Euro zone flash estimate of annual inflation held steady at 1.3% in July, meeting analysts' expectations.

Thu, 17 Aug 2017 08:30:30 GMT

UK assured of moving to next phase in Brexit negotiations

The Brexit Department stated on Thursday that Britain was confident in its ability to move to the second phase of the Brexit negotiations with the EU by October.

Thu, 17 Aug 2017 08:23:14 GMT

Trump's adviser Bannon confirms US-China economic war

According to the White House Chief Strategist Steven Bannon, Washington is in the economic war with Beijing and the United States is currently losing the fight.

Thu, 17 Aug 2017 07:34:07 GMT

Sonova launches new hearing-aid tech, seeks to beat Danish rivals

On Thursday, Sonova launched its new technology of a hearing-aid that could stream audio directly from WL mobile devices amid the company's intention to beat its Danish competitors who provide similar technology.

Thu, 17 Aug 2017 07:24:41 GMT

Australian unemployment rate slips to 5.6% in July

The ABS reported on Thursday that the jobless rate in Australia fell to 5.6% in July, meeting analysts' expectations, following the prior month's upwardly revised 5.7% reading.

Thu, 17 Aug 2017 06:09:50 GMT

Asian stocks recover as North Korean crisis eases

The majority of Asian stocks rose on Thursday, as the leaders of both the United States and North Korea cooled down their rhetoric.

Thu, 17 Aug 2017 06:09:38 GMT

Chinese military condemns Trump's moves in Asia

On Thursday, a senior Chinese officer criticized "wrong" actions of the United States in the Asian region, such as deployment of the THAAD anti-missile defence system and South China Sea patrols.

Thu, 17 Aug 2017 04:56:29 GMT

Fed officials split over rate hikes pace

Policymakers of the Federal Reserve were split on the pace of increasing key interest rates due to higher concerns about subdued inflation growth, according to the FOMC minutes release.

Thu, 17 Aug 2017 04:56:16 GMT

Philippine economy expands 6.5% in June quarter

The Philippine GDP for the second quarter rose at an annualised pace of 6.5%, up from 6.4% growth registered in the March quarter, amid boom in construction.

Thu, 17 Aug 2017 03:56:12 GMT

Mexican negotiator urged NAFTA talks to include fintech discussion

Mexican negotiator stated that talks on the NAFTA renegotiation must include new financial services discussion, as fintech companies started to gain ground rapidly.

Thu, 17 Aug 2017 03:55:41 GMT

Australia to strengthen money laundering rules

Australia announced new measures aimed to strengthen money laundering laws, which included bringing bitcoin suppliers under the AUSTRAC remit.

Thu, 17 Aug 2017 02:50:15 GMT

Russia to begin construction of high-speed railroad in 2018

Russia would start building the first high-speed railroad between Moscow and Kazan in 2018, which is expected to be a part of a rail line linked with Beijing.

Thu, 17 Aug 2017 02:04:37 GMT

Malta signs educational and cultural deal with Italy

Malta signed an agreement with Italy, which identifies educational and cultural activities and partnership opportunities for both counties in a three years period until 2019.

Thu, 17 Aug 2017 02:03:53 GMT

Japan's exports up 13.4% in July

Japanese total exports increased 13.4% year-over-year in July, after a 9.7% rise in the prior month, being supported by solid growth in auto shipments to the US.

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