News

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Thu, 27 Jul 2017 12:25:59 GMT

Spain jobless rate falls to eight-year low in Q2

According to the Spanish National Statistics Institute, the unemployment rate in Spain declined to 17.2% in the Q2, surprising analysts with the lowest reading in more than eight years.

Thu, 27 Jul 2017 12:00:49 GMT

Sweden PM replaces two ministers over data scandal

The Prime Minister of Sweden Stefan Lofven removed two ministers from the government on Thursday following the Cabinet reshuffle in a political row over the sensitive data leaking.

Thu, 27 Jul 2017 11:00:27 GMT

Japan may raise taxes on frozen beef imports from US

Japan is seeking to hike the tariffs on imports of frozen beef from the United States, including some other states, following its intention to protect local producers against imports.

Thu, 27 Jul 2017 10:59:13 GMT

EU presents new aid plan to help refugees in Greece

The EU Commission is eager to pledge $245M extra money as a new aid scheme for Greece, intending to help refugees to pay for basics and rent homes with a cash card.

Thu, 27 Jul 2017 09:59:39 GMT

Nokia reports €574M operating profit in Q2

The network equipment manufacturer Nokia beat analysts' expectations on Thursday by reporting an operating profit of €574M in the second quarter of 2017, up 73% from mid-2016.

Thu, 27 Jul 2017 09:59:19 GMT

VW to offer replacement for 4M diesel cars

Volkswagen plans to offer a replacement for 4M diesel cars during a meeting with German government officials, the company's CEO Matthias Mueller explained on Thursday.

Thu, 27 Jul 2017 09:28:53 GMT

Sweden's PM to reorganise government

The Swedish PM Stefan Lofven stated on Thursday he was planning a reshuffle of his minority left-green Cabinet on the back of a political crisis regarding the botched outsourcing deal.

Thu, 27 Jul 2017 09:05:29 GMT

First female leader of Japan Democratic opposition Renho quits

The first female head of the Japanese Democratic Party opposition Renho resigned after a heavy defeat of her party in the Tokyo election and its failure to capitalise sinking support rates of the PM Shinzo Abe.

Thu, 27 Jul 2017 08:24:37 GMT

Israel dismantles all security infrastructure from Aqsa mosque

Israel removed all security apparatus, dismantling metal detectors and surveillance camera gantries, in the Jerusalem holy site after the installations triggered the bloodiest clashes between Palestinians and Israelis.

Thu, 27 Jul 2017 08:10:38 GMT

UK-EU free movement of labour to end after Brexit

According to the UK Immigration Minister Brandon Lewis, the workers' freedom of movement between the European Union and Britain will end after the Brexit in spring 2019.

Thu, 27 Jul 2017 07:33:15 GMT

AustralianSuper seeks to invest offshore, focuses on Asia

Australia's biggest pension fund AustralianSuper is seeking to invest $96.7B in funds abroad, focusing on Asia, the company's CEO Ian Silk stated on Thursday.

Thu, 27 Jul 2017 07:24:57 GMT

WeWork sets up China unit with $500M investment from SoftBank, Hony

On Thursday, a co-working space start-up WeWork stated it had launched a China unit with the $500M funding from the Japanese SoftBank and Chinese Hony Capital.

Thu, 27 Jul 2017 06:34:03 GMT

Deutsche Bank posts sharp rise in Q2 profit on lower legal costs

On Thursday, Deutsche Bank reported a dramatic increase in its Q2 net profit to $547M, following the past misdeeds' lower legal costs that outweighed a slip in debt trading.

Thu, 27 Jul 2017 06:25:29 GMT

Ex-Japan Defence Minister likely to substitute scandal-hit Inada

The former Defence Minister of Japan Itsunori Onodera may become a potential candidate to replace the scandal-hit PM Shinzo Abe's protege Tomomi Inada as tensions rise.

Thu, 27 Jul 2017 04:55:42 GMT

China to speed up its bullet trains in September

China is set to increase the speed of bullet trains back to 350 kph in September, six years after the rail crash prompted the country's authorities to implement speed limits.

Thu, 27 Jul 2017 04:53:54 GMT

Japan Display seeks $890M for restructuring

Japan Display, one of the main Apple's LCD suppliers, was seeking about $890M of funds from its creditors for the company's restructuring.

Thu, 27 Jul 2017 02:53:09 GMT

Japan to rise tariffs on imports of frozen beef from US

Japan is expected to raise tariffs on lots of frozen beef imported from the US and other countries, aiming to protect domestic farmers, a local media reported.

Thu, 27 Jul 2017 02:51:30 GMT

Facebook shares jump significantly as sales of mobile ad soar

Facebook shares jumped, after the company reported that its advertising business rose more than 50% in the second quarter, while it continued to provide services for online advertisers.

Thu, 27 Jul 2017 02:30:26 GMT

Startup Slack raises $250M amid higher venture investments

Messaging startup Slack raised fresh funding of $250M, boosting the valuation of the company as the Silicon Valley faces a sharp increase in venture investments.

Thu, 27 Jul 2017 02:29:12 GMT

China's industrial profits increase 19.1% in June

Profits earned by Chinese industrial companies rose 19.1% year-over-year in June, significantly quickening growth from May, the National Bureau of Statistics reported.

Wed, 26 Jul 2017 19:58:43 GMT

Fed keeps rates on hold but signals balance sheet cuts

The Federal Reserve left its key interest rates and monetary policy unchanged at its meeting on Wednesday but signalled that it would soon begin reducing its portfolio of bond holdings.

Wed, 26 Jul 2017 19:58:29 GMT

France to cut visa processing time

The French Prime Minister Eduardo Philippe reported on Wednesday that France would shorten visa processing time to 48 hours for Indians, Russians and citizens of six more Asian countries.

Wed, 26 Jul 2017 19:58:20 GMT

Coca-Cola's revenue falls in Q1 but less than expected

Coca-Cola's revenue dropped to $9.70B in the Q1 but surpassed expectations for a fall to $9.65B, helped by higher demand for its non-carbonated beverages and sugar-free versions of its soft drinks.

Wed, 26 Jul 2017 19:58:11 GMT

Rihanna meets France's Macron to discuss education

On Wednesday, Rihanna met the French President Emmanuel Macron to discuss France's funding of international education.

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