News

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Mon, 22 May 2017 09:19:35 GMT

Cathay Pacific hits record number of job cuts in two decades

Cathay Pacific Airways made its biggest job cuts of 600 positions in the last 20 years as a part of company's plan to boost profitability.

Mon, 22 May 2017 08:49:23 GMT

China calls for restraint after North Korean missile test

On Monday, China urged all sides to exercise restraint after North Korean announcement that its intermediate-range ballistic missile had been test-launched successfully.

Mon, 22 May 2017 08:31:34 GMT

Airbus appoints outside expert group amid fraud probe

Airbus hired an independent group of experts including two ex-ministers to observe its anti-corruption practices as the UK and France started bribery and fraud inquiries into the jetliner sales.

Mon, 22 May 2017 08:16:32 GMT

Ford's CEO Fields fired, replaced by Hackett

According to some news agencies, Ford Motor will announce on Monday about the CEO Mark Fields firing and his replacement with the self-driving cars unit's head James Hackett amid company's restructuring.

Mon, 22 May 2017 07:27:31 GMT

17 people die in Mexican bus accident

Not less than 17 people died and 31 more got injured after a bus plunged 90 metres off a roadside in Mexico close to Guatemalan border.

Mon, 22 May 2017 07:17:03 GMT

Sri Lankan President swaps finance and foreign ministers

On Monday, the President of Sri Lanka Maithripala Sirisena switched the finance and foreign ministers amid a major reshuffle of the Cabinet.

Mon, 22 May 2017 06:32:49 GMT

Venezuela possesses 5K Russian surface-to-air weapons

According to military documents reviewed by Reuters, Venezuela holds 5K of Russian surface-to-air MANPADS missiles, raising concerns in the United States.

Mon, 22 May 2017 06:25:00 GMT

Barclays to employ 200 workers in private bank

Barclays is eager to hire 100 new employees in the private bank amid company's second attempt to win the business from wealthy clients.

Mon, 22 May 2017 05:01:12 GMT

Japan protests UN opinion

On Monday Japan issued a protest against a letter sent to the Prime Minister by a UN expert, who raised concerns regarding legislation that targets terrorism and other conspiracy crimes.

Mon, 22 May 2017 05:00:27 GMT

Iran scolds Trump

The foreign minister of Iran Mohammad Javad Zafir has criticized Donald Trump for concluding an arms and other investment deal with Saudi Arabia, which is worth hundreds of billions.

Mon, 22 May 2017 04:22:27 GMT

Asian free trade zone being discussed

Trade ministers of various Asian countries are meeting to discuss a possible free trade deal. The discussed trade deal would unite more than 3.5 billion people in free trade.

Mon, 22 May 2017 04:21:07 GMT

Trump sets out for Israel

After spending two days in Saudi Arabia the President of the US Donald Trump is set to visit Israel on Monday. Main reason for the visit is an attempt to revive the Israeli-Palestinian peace talks.

Mon, 22 May 2017 02:54:37 GMT

Samsung to continue seeking M&A opportunities

Samsung is set to continue seeking acquisition opportunities, aiming to build new services and software to differentiate its products, a company executive revealed.

Mon, 22 May 2017 02:51:34 GMT

Japan's exports rise 7.5% in April

Japan's exports increased 7.5% year-over-year in April after preceding month's 12% hike, signing that overseas demand was likely to underpin an economic recovery.

Mon, 22 May 2017 02:18:19 GMT

German economic growth to lose some momentum

Germany's economy is expected to continue growing amid moderate energy prices and low interest rates, but with fewer momentum than in the Q1, the Finance Ministry reported.

Mon, 22 May 2017 02:15:21 GMT

IMF, Euro zone to look for compromise on Greek debt

The IMF and Euro zone ministers are expected to seek a compromise on Greek debt, while the country demands new credit to repay 7.3B euros worth of loans in July.

Sun, 21 May 2017 19:51:47 GMT

Japan to join US, Russia, China, South Korea to respond to North Korea's missile launch

Japan will pool efforts with the US, Russia, China and South Korea to give a resolute response to North Korea's missile launch, Japan's Prime Minister Shinzo Abe said.

Sun, 21 May 2017 19:51:37 GMT

Russia' Putin may visit Paris

The Russian Press Secretary Dmitry Peskov neither denied nor confirmed the President Vladimir Putin's visit to Paris on May29.

Sun, 21 May 2017 18:50:41 GMT

Israel concerned about US-Saudi arms deal

Israel expressed concerns to an arms deal between the US and Saudi Arabia announced a day earlier during the US President Donald Trump's visit to the region.

Sun, 21 May 2017 18:50:14 GMT

South Korea's President orders national security council meeting

The South Korean President ordered the convening of a national security council meeting after North Korea test-launched a ballistic missile earlier in the day.

Sun, 21 May 2017 18:12:05 GMT

Hungarians protest again

Thousands of Hungarians walked to Hungary's parliament in the latest mass rally against the Prime Minister Viktor Orban's clampdown on a top foreign university and NGOs ahead of the parliamentary election due next year.

Sun, 21 May 2017 17:54:21 GMT

China announces market reform for oil and gas industry

China's authorities announced a reform plan for the country's oil and gas industry, providing the market a key role to make the sector more efficient and competitive.

Sun, 21 May 2017 16:59:48 GMT

Erdogan reelected as leader of Justice and Development Party

The Turkish President Recep Tayip Erdogan was reelected as a leader of the ruling Justice and Development Party, receiving 1414 votes out of 1470 eligible delegates. 

Sun, 21 May 2017 16:55:28 GMT

Softbank-Saudi tech fund raises record $93B

The world's biggest private equity fund, backed by Japan's Softbank Group and Saudi Arabia's main sovereign wealth fund, raised over $93B to invest in technology sectors. 

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