News

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Thu, 20 Apr 2017 20:02:38 GMT

Venezuela says inflation hits 274%, economists doubt it

According to Venezuela's Central Bank, the annual inflation reached 274% last year, while economists believed that the true figure was much more alarming.

Thu, 20 Apr 2017 19:02:38 GMT

Verizon reports loss of subscribers

Verizon reported the first-ever quarterly loss of the subscribers, questioning whether the major US wireless carrier may need a large acquisition to diversify the business.

Thu, 20 Apr 2017 19:01:42 GMT

AeroMobil presents $1M worth flying car in Monaco

A Slovakian company AeroMobil Flying Car presented a $1M worth commercial design of the flying auto in Monaco. First flying car deliveries are expected by 2020.

Thu, 20 Apr 2017 18:15:39 GMT

Trump administration to unveil tax reform legislation this year

According to the US Treasury Secretary Mnuchin, the Trump administration would unveil a tax reform plan in the nearest future, most probably till the end of this year.

Thu, 20 Apr 2017 18:05:14 GMT

Erdogan to meet Trump on May 16-17

Turkey's President Erdogan would meet the US President Trump on May 16-17 in Washington to strengthen ties, the first meeting since Donald Trump took an office.

Thu, 20 Apr 2017 16:54:06 GMT

ESM to become European monetary fund

The German Finance Minister said on Thursday that the European Stability Mechanism could transform in a European monetary fund soon.

Thu, 20 Apr 2017 16:53:20 GMT

Trudeau responds to Trump's attack on Canada's dairy farmers

On Thursday, the Canadian PM Justin Trudeau criticized the US President Donald Trump for his attack on Canada's protected dairy sector, stating that every country defended its agricultural industry.

Thu, 20 Apr 2017 16:19:46 GMT

European stocks rebound on Thursday ahead of French election

Major European stock markets rebounded on Thursday after opinion polls showed Emmanuel Macron winning the first round of the French presidential election.

Thu, 20 Apr 2017 16:17:17 GMT

Russia says metro bomber was funded by Turkish terrorist organisation

Russia reported on Thursday that the man suspected of carrying out the metro bomb attack received money from a terrorist organisation in Turkey.

Thu, 20 Apr 2017 15:27:11 GMT

IMF to cooperate with Trump if US agrees on open trade

The IMF Managing Director Christine Lagarde said that the IMF would work with Trump's administration but only if the US promotes open trade.

Thu, 20 Apr 2017 15:10:41 GMT

Harley-Davidson to eliminate 118 jobs at York plant

Harley-Davidson reported on Thursday that it would cut 118 positions at the York plant and move its operations to Kansas City.

Thu, 20 Apr 2017 14:33:25 GMT

UK to face 22% EU food tariff if May fails reacihing trade deal

Britain risks facing an approximate tariff of 22% on the EU food import if the PM Theresa May fails to reach a compromise deal on trade with Brussels before Brexit process is over.

Thu, 20 Apr 2017 13:32:29 GMT

Initial jobless claims rise 10K last week

The number of applications for US unemployment benefits rose 10K to 244K in the week ending April 15, the US Department of Labour reported.

Thu, 20 Apr 2017 13:30:19 GMT

Philly Fed Manufacturing Index falls for second straight month

The Philadelphia Federal Reserve reported on Thursday its Manufacturing Index dropped to 22.0 points in April, following March's 32.8 and falling behind analysts' expectations for a decrease to 25.6.

Thu, 20 Apr 2017 12:34:27 GMT

Verizon reports 20% drop in Q1 profit

On Thursday, Verizon Communications missed expectations for quarterly profit presenting a 20% decline, stating its shares also dropped 2.3% to $47.80 in premarket trading.

Thu, 20 Apr 2017 11:52:26 GMT

US Secret Service bars White House sidewalk public access

The US Secret Service barred the access to the White House's south fence sidewalk starting from Wednesday night amid security measures to prevent possible illegal access by individuals.

Thu, 20 Apr 2017 11:34:13 GMT

User sues Bose over spying through headphones

A Bose headphones' user Kyle Zak filed a lawsuit against the corporation over spying on listeners using its headphones and a free mobile application in cooperation with Apple and Google.

Thu, 20 Apr 2017 11:07:14 GMT

Russia identifies St. Petersburg terror mastermind

The Russian Federal Intelligence Agency reported on Thursday that it had established the identity of a person who organised the terrorist attack at St. Petersburg's metro station that left 14 people dead.

Thu, 20 Apr 2017 10:24:26 GMT

Oil producers expected to prolong production cut deal

On Thursday, Khalid al-Falih, the Saudi Energy Minister, said that most oil producers agree that black gold production cuts should be extended until the end of the year, with OPEC planning to extended the terms of the deal with non-OPEC producers as well.

Thu, 20 Apr 2017 10:24:05 GMT

China and Iran to reconfigure Arak nuclear plant

On Thursday, the Foreign Ministry of China stated that China and Iran are scheduled to sign their first commercial contracts this weekend to reconfigure the Arak power plant, located in Iran, in order to avoid yielding elements used in nuclear bomb elements.

Thu, 20 Apr 2017 09:33:15 GMT

May to end EU people free movement into UK

The British Prime Minister Theresa May is eager to formally pledge the end of the EU citizens free movement into the UK ahead of the early election on June 8.

Thu, 20 Apr 2017 09:25:48 GMT

Russian naval forces visit Philippines

On Thursday, the Russian missile cruiser Varyag and large sea-tanker Pechenga arrived to Manila, starting a four-day goodwill visit to the Philippines as the President Rodrigo Duterte is enhancing the Philippine ties with Russia.

Thu, 20 Apr 2017 08:32:10 GMT

Brussels resumes inquiry over Congolese passport deal

On Thursday, the Brussels prosecution office stated it resumed an investigation over the Belgian firm Semlex biometric passport supply to the Democratic Republic of Congo, declining to provide any further details.

Thu, 20 Apr 2017 08:03:42 GMT

Chinese Bitauto gets $1B from web giants Baidu, JD.com

The car portal Bitauto Holdings received $1B from the Internet giants Tencent, Baidu and JD.com as the company attempts to become the largest online vehicle financing platform in China.

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