News

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Thu, 15 Jun 2017 18:56:59 GMT

US fighter jet deal shows military links to Qatar

A jet deal between the US and Qatar and a visit to Doha by two American warships on Thursday showed the vital military links Washington maintained with a country in a dispute with several other Arab nations. 

Thu, 15 Jun 2017 18:19:43 GMT

Attack at mosque in Afghan capital Kabul

A suicide bomber killed at least three people and wounded five more in an attack at a mosque in the Afghan capital, Kabul, on Thursday, security officials reported.

Thu, 15 Jun 2017 18:19:26 GMT

Turkish minister Mevlut Cavusoglu holds talks with Qatar in Kuwait

Turkish foreign minister Mevlut Cavusoglu on Thursday held talks in Kuwait to push mediation efforts aimed at resolving a standoff between a Saudi-led alliance and Qatar.

Thu, 15 Jun 2017 17:27:31 GMT

Rising Republican star Scalise undergoes another surgery

US Congressman Steve Scalise, the number three Republican in the House of Representatives, has undergone another surgery, sources close to the matter reported.

Thu, 15 Jun 2017 17:23:44 GMT

Turkish Foreign Minister to visit Saudi Arabia to discuss Qatar dispute

On Thursday, the Turkish Foreign Minister reported that he would fly to Saudi Arabia on Friday to discuss the dispute between Qatar and other Arab states.

Thu, 15 Jun 2017 16:22:37 GMT

US industrial production holds steady in May

The Federal Reserve reported that US industrial production held steady last month, following an increase of 1.1% in April and falling behind expectations for a 0.2% climb.

Thu, 15 Jun 2017 15:58:22 GMT

US import prices drop unexpectedly last month

Import prices in the United States fell 0.3% in May, compared to the prior month's downwardly revised rise of 0.2%, while analysts expected an increase of 0.1%.

Thu, 15 Jun 2017 15:03:41 GMT

New York factory activity rebounds markedly in June

The New York State Fed reported on Thursday that its PMI for the region surged to 19.8 points in June, up from the prior month's reading of -1.0 and surpassing expectations for an increase to 5.2.

Thu, 15 Jun 2017 15:00:26 GMT

US initial jobless claims fall more than expected last week

The number of Americans filing for unemployment aid dropped 8K to 237K in the week ended June 9, whereas analysts anticipated a slighter fall to 241K.

Thu, 15 Jun 2017 14:25:03 GMT

UN refuses to intervene into Kurdish referendum

On Thursday, the United Nations Assistance Mission in Iraq (UNAMI) said that it does not plan to play any role in the upcoming referendum on independce organized by the Iraqi Kurds.

Thu, 15 Jun 2017 14:23:57 GMT

Nike plans global job cuts

On Thursday, the Nike Inc. announced that it plans to cut 2% of its workforce all around the globe in an attemp to reduce the number of business segments from six to four.

Thu, 15 Jun 2017 13:12:47 GMT

Canada's manufacturing sales up 1.1% in April

Data released by Statistics Canada on Thursday revealed the country's manufacturing sales advanced 1.1% to reach a record high of $54.4B over the month of April.

Thu, 15 Jun 2017 13:11:41 GMT

Philly Fed Manufacturing Index beats estimates in June

The Federal Reserve Bank of Philadelphia's manufacturing activity index dropped from 38.8 points in May to 27.6 in June, though still beating expectations for a 25.5-point reading.

Thu, 15 Jun 2017 11:58:24 GMT

Cattle crackdown in India continues

The right wing Hindu groups in India have increased their efforts against the manufacturers of leather goods, who use cow leather.

Thu, 15 Jun 2017 11:57:52 GMT

Pakistan PM lashes out

The Prime Minister of Pakistan Nawaz Sharif attacked the slanderers, who have called him out regarding the investigation of his family connections and wealth.

Thu, 15 Jun 2017 11:10:57 GMT

Euro zone's trade surplus narrows unexpectedly

Eurostat reported that the Euro zone's trade surplus narrowed to €19.6B in April, compared to March's revised down surplus of €22.2B, while analysts anticipated a slight increase to €22.4B.

Thu, 15 Jun 2017 11:10:12 GMT

UK retail trade suffers in May

British retail sales dropped 1.2% last month, following April's upwardly revised gain of 2.5% and falling behind analysts' expectations for a 0.9% decline.

Thu, 15 Jun 2017 10:15:59 GMT

Russia proposes to remove sanctions

On Thursday, the Russian President Vladimir Putin promised that Russia would remove its sanctions on other countries, provided they do the same.

Thu, 15 Jun 2017 10:07:39 GMT

Putin claims economic crisis in Russia is over

On Thursday, Russia's President Vladimir Putin stated that the economic crisis in the country has come to an end, with inflation beginning to fall as a sign of that.

Thu, 15 Jun 2017 09:11:57 GMT

Corporate environment for French start-ups improves

French start-ups have gained momentum due to a growing interest from venture capital funds and expected improvements from Emmanuel Macron's business-friendly government.

Thu, 15 Jun 2017 08:55:43 GMT

Global stocks edge lower on Thursday amid US pressures

Asian shares and US stock futures fell on Thursday in response to soft US economic data, hawkish Fed and allegations that Trump is under investigation for obstruction of justice.

Thu, 15 Jun 2017 08:02:47 GMT

Google and Novartis invest $300M in medical research

Google and Novartis invested $300M in a new investment fund for medical research, thus betting on the potential of European biotech companies to discover life-changing drugs.

Thu, 15 Jun 2017 07:58:07 GMT

Insurers adapt to new risk challenges

Following the latest attacks in Western cities, insurance companies have adopted to these new challenges by offering a wider variety of policies for both companies and individuals.

Thu, 15 Jun 2017 07:13:55 GMT

China leaves interest rates unchanged after Fed raises benchmark

The People's Bank of China missed market expectations for a rate hike, keeping the short-term interest rate unchanged and ignoring the US Fed's policy alterations.

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