News

Note: This section contains information in English only.
Wed, 02 Aug 2017 02:55:25 GMT

Ukrainian President hails trade deal with Canada

Petro Poroshenko, the Ukrainian President, welcomed the Canada-Ukraine free trade deal that came into power recently, which is expected to strengthen bilateral relations.

Wed, 02 Aug 2017 02:54:08 GMT

EU to include more fruit, vegetables and milk in school diets

The European Commission stated that new schemes for schools are set to lead to healthier eating habits, as more vegetables, fruit and milk would be included in children diets.

Wed, 02 Aug 2017 02:12:20 GMT

Italian oil major firm to invest $3.5B in Egypt next year

Italian oil giant Eni revealed that the company intends to invest $3.5B in development of the largest gas field in Egypt in the next year, referring to the country as a key partner.

Wed, 02 Aug 2017 02:10:21 GMT

Ukraine raises defence spending in this year's budget

Ukrainian President signed the law, which amends the country's 2017 state budget and envisaged the boost of defence spending by around $100M.

Tue, 01 Aug 2017 20:08:08 GMT

US Tillerson says US-Russia relations are under substantial stress

The US Secretary of State Rex Tillerson said on Tuesday that relations between Russia and the US were under substantial stress but both countries were still trying to work together.

Tue, 01 Aug 2017 20:07:20 GMT

GM annual car sales rate falls to 16.9M in July

General Motors reported on Tuesday that its seasonally adjusted annual car sales rate dropped to 16.9M vehicles last month.

Tue, 01 Aug 2017 19:11:03 GMT

Dow Jones approaches 22,000 mark

On Tuesday, the Dow Jones Industrial Average Index hit its record high and inched closer to the 22,000-point mark, supported by JPMorgan Chase, Goldman Sachs and other banks.

Tue, 01 Aug 2017 19:05:38 GMT

GDT Price Index falls 1.6%

Dairy product prices dropped 1.6% at the latest Global Dairy Trade auction, following an increase of 0.2%.

Tue, 01 Aug 2017 17:58:08 GMT

GM reports 22% higher sales in Canada last month

General Motors revealed that the company's sales in Canada increased 22% year-over-year in July, while the amount of cars sold in the US dropped 15% in the same period.

Tue, 01 Aug 2017 17:55:08 GMT

Sony profit increase amid strong image sensors sales

Sony reported that its operating profit surged to $1.43B in the fiscal June quarter due to higher sales of sensors used for cameras in smartphones.

Tue, 01 Aug 2017 16:54:26 GMT

Germany to test facial recognition technology at railway station

Germany's authorities launched a six-month long test of facial recognition technology placed at a rail station in Berlin, before it could be used to enhance security in the future.

Tue, 01 Aug 2017 16:53:40 GMT

Sri Lanka invites more investors from China

Sri Lanka called on more China's investors to put money into the country, pointing out that China alone invested more than $52M in the year of 2016.

Tue, 01 Aug 2017 16:19:35 GMT

23 EU cities compete to host UK-based agencies

The European Union revealed that 23 cities compete to host the bloc's banking and medicine agencies, which are currently based in the UK, but must be relocated before Brexit.

Tue, 01 Aug 2017 16:18:38 GMT

US manufacturing expands at slower pace in July

Manufacturing sector in the United States expanded at a slower-than-expected pace in July, as the factory activity index dropped to 56.3, missing forecasts for a 56.5 reading.

Tue, 01 Aug 2017 15:20:06 GMT

US consumer spending rises 0.1% in June

The US consumer spending, which represents two-thirds of the country's economic activity, increased 0.1% in June, following an upwardly revised gain of 0.2% in May.

Tue, 01 Aug 2017 15:17:57 GMT

Economic growth in Euro zone picks up speed in Q2

The economy in the 19-country bloc expanded 0.6% in the second quarter, compared with the 0.5% growth pace in Q1, the official report showed.

Tue, 01 Aug 2017 14:32:38 GMT

Bulgaria, Macedonia sign pact to mend relations

On Tuesday, the Prime Ministers of Bulgaria and Macedonia Boyko Borissov and Zoran Zoev signed a treaty of friendship that symbolises the end of diplomatic wrangling between the two countries.

Tue, 01 Aug 2017 14:22:52 GMT

Germany's Infineon to supply parts to Tesla Model 3

Germany's chipmaker Infineon announced on Tuesday it would supply parts to Tesla new mass-market Model 3 electric vehicle after being recaptured from its initial customer STMicroelectronics.

Tue, 01 Aug 2017 13:14:07 GMT

Trump fires White House communications chief

President of the United States Donald Trump on Tuesday fired the recently hired new White House chief of communications Anthony Scaramucci.

Tue, 01 Aug 2017 13:13:26 GMT

Pakistan's new PM is elected

Lawmakers of Pakistan on Tuesday elected a new Prime Minister. Shahid Khaqan Abbasi has become the new PM, who is a known ally of the previous PM.

Tue, 01 Aug 2017 12:00:44 GMT

Germany calls US to discuss Russia sanctions with EU

On Tuesday, Germany urged the US to talk to the European Union about the negative impact the tougher sanctions against Russia might have on the bloc's companies, as those should not be punished.

Tue, 01 Aug 2017 12:00:24 GMT

UK opens inquiry into British American Tobacco corruption suspicions

Britain launched a formal inquiry into suspected corruption at British American Tobacco and its subsidiaries, two years after the first bribery allegations had surfaced in Africa.

Tue, 01 Aug 2017 11:01:09 GMT

Tesla's shares drop 3.5% after Musk warns of production hell

On Monday, Tesla's shares plunged 3.5% after the carmaker's CEO Elon Musk announced the company would face a "manufacturing hell" on the back of a ramped up production of its new Model 3 vehicle.

Tue, 01 Aug 2017 11:00:32 GMT

Britain must save itself from abrupt exit from EU

The ex-Conservative Party head William Hague stated that the UK Finance Minister Philip Hammond must achieve a less rough withdrawal from the bloc to rescue the country as Britain was moving towards the Brexit disaster.

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