News

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Wed, 24 May 2017 06:33:06 GMT

Trump to meet Pope Francis in Vatican on Wednesday

The US President Donald Trump is set to exchange the views with Pope Francis during his first visit to Vatican on Wednesday.

Wed, 24 May 2017 06:29:25 GMT

Uber unwittingly underpaid NYC drivers for nearly three years

On Tuesday, Uber Tech stated that the company unintentionally underpaid its New York City drivers for over two years, adding that an error could cost Uber about $10M.

Wed, 24 May 2017 04:56:11 GMT

Rodrigo Duterte goes to war

The President of the Philippines Rodrigo Duterte has announced a martial rule in the southern island of Mindanao and ordered his troops to break the resistance of the Islamic State-allied forces.

Wed, 24 May 2017 04:54:27 GMT

Maduro pushes forth agenda amidst unrest

As Venezuela faces increasing unrest, the unpopular, leading leftist Nicolas Maduro promised on Tuesday to go forth with the forming of an assembly for the purpose of rewriting the constitution.

Wed, 24 May 2017 04:25:56 GMT

Trump asks lawmakers to cut budget

The President of the US Donald Trump on Tuesday asked the countries lawmakers to cut 3.6 trillion US Dollars of government spending during the next decade.

Wed, 24 May 2017 04:25:25 GMT

Texas changes voting laws

A preliminary approval has been given by the Texas House of Representatives to a new law, which requires to show identification when voting. Previous law was stopped by the US courts due to allegedly being racist.

Wed, 24 May 2017 02:57:40 GMT

Ex-Fed Chairman says BoJ may need to compensate fiscal spending

Former Fed Chairman Ben Bernanke said that the BoJ may need to offset the government's fiscal spending by letting inflation to overshoot its target.

Wed, 24 May 2017 02:55:47 GMT

BoJ says policy complicated amid neutral interest rates uncertainty

Haruhiko Kuroda, the BoJ Governor, revealed that the uncertainty over neutral interest rates made central banks to accept unconventional economic policies.

Wed, 24 May 2017 02:04:22 GMT

Moody's relegates China, expecting its financial strength to degrade

Moody's Investors Services relegated China's long-term currency issuer ratings amid expectations for the country's financial strength to erode over the next years.

Wed, 24 May 2017 02:01:44 GMT

New Zealand's trade surplus rises to $578M in April

Statistics New Zealand revealed that the country's trade balance rose to $578M in April from the prior month's downwardly revised figure of $277M.

Tue, 23 May 2017 20:09:45 GMT

South Africa's ANC rejects allegations of Zuma's removal

The African National Congress rejected allegations that the removal of the South Africa's President Jacob Zuma would be reviewed at this week's ANC meeting.

Tue, 23 May 2017 20:08:25 GMT

Germany's Schaeuble says creditors might reach deal over Greece soon

Foreign lenders may finally reach a deal over Greece at a meeting in June if no obstacles hinder the talks, the German Finance Minister Wolfgang Schaeuble said on Tuesday.

Tue, 23 May 2017 19:01:20 GMT

Trump to request $3.6T cuts in government spending over next decade

The US President Donald Trump to ask Congress for the approval of his budget plan that aims at decreasing government spending by $3.6 trillion over ten years.

Tue, 23 May 2017 18:57:22 GMT

Trump's budget proposal to cut funding for global health and peacekeeping

The US budget proposal published on Tuesday incorporates significant funding cuts for global health, peacekeeping and cultural and educational exchanges.

Tue, 23 May 2017 18:12:56 GMT

Decrease in US oil stockpile not to harm domestic sector and prices, says Mulvaney

The White House Budget Director Muck Mulvaney assured that the plan to diminish US emergency oil supply would neither damage the domestic sector nor severely affect oil prices.

Tue, 23 May 2017 18:10:46 GMT

British police identify Manchester suspect

The British police reported on Tuesday that the deadly attack that killed 22 in Manchester Arena on Monday was supposedly carried out by Salman Abedi, 22.

Tue, 23 May 2017 17:06:49 GMT

US to file lawsuit against Fiat Chrysler over emissions

The US plans to file a lawsuit against Fiat Chrysler Automobiles NV for bypassing emission controls in their diesel vehicles, according to sources familiar with the matter.

Tue, 23 May 2017 17:03:58 GMT

Greece says creditors have duty to fulfil their obligations

Greece explained on Tuesday that it has already introduced the necessary reforms; thus, it was the duty of foreign creditors to fulfil their obligations in terms of debt relief.

Tue, 23 May 2017 15:52:32 GMT

Canadian wholesale sales rise less than expected in March

Statistics Canada reported that wholesale sales climbed 0.9% month-over-month in March, while analysts anticipated a 1.1% increase following April's upwardly revised rise of 0.3%.

Tue, 23 May 2017 15:51:24 GMT

US new home sales plunge 11.4% last month

The US Commerce Department reported that new home sales dropped 11.4% to a seasonally adjusted annualised pace of 569K units in April, marking the largest fall since March 2015.

Tue, 23 May 2017 15:22:36 GMT

Euro zone manufacturing activity rises in May

Markit reported on Tuesday that its preliminary PMI for the Euro zone manufacturing sector came in at 57.0 in May, up from the prior month's 56.7, whereas analysts anticipated a fall to 56.5.

Tue, 23 May 2017 15:16:49 GMT

Mood of German investors improves markedly in May

The Ifo Institute for Economic Research reported on Tuesday its Business Climate Index climbed to 114.6 in May, following the preceding month's 113.0 and topping expectations for an increase to 113.1.

Tue, 23 May 2017 14:34:25 GMT

German prosecutors search Daimler in diesel fraud probe

According to the source familiar with the matter, the German prosecution launched an investigation into employees of Daimler regarding possible manipulation of its diesel engines to cheat on emissions tests.

Tue, 23 May 2017 14:26:08 GMT

US declines to verify ISIS blame in Manchester attack

The United States has not verified the Islamic State were connected to the Manchester suicide attack that left 22 people dead despite the ISIS had already claimed responsibility for the blast.

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