News

Note: This section contains information in English only.
Mon, 18 Feb 2019 14:53:20 GMT

UK lawmakers propose social media regulation

On Monday, British lawmakers announced that tech companies and specifically Facebook have to be subjected to an ethics code to solve various issues that have arisen during the past years.

Mon, 18 Feb 2019 14:53:12 GMT

Facebook comments on regulation

Facebook representatives have announced that the company is open to meaningful regulation. Moreover, the company announced that it has already made changes.

Mon, 18 Feb 2019 13:55:51 GMT

Alibaba developed Chinese Communist Party app

It was revealed by a Reuters source on Monday that Alibaba developed the popular Chinese Communist Party app, which is used for propaganda.

Mon, 18 Feb 2019 13:55:32 GMT

China reveals development guidelines

On Monday, the Chinese cabinet issued guidelines that will regulate how the area around the delta of the Pearl River will be developed. It is set to change the cities of Hong Kong and Macau.

Mon, 18 Feb 2019 12:43:34 GMT

UAE sign a $1.58 defense contract

It was announced by United Arab Emirate officials on Monday that the country has signed a $1.58 billion contract with international firms. The news are set to boost defense stocks.

Mon, 18 Feb 2019 12:42:51 GMT

EU officials comment on car imports

On Monday, a spokesperson from Germany announced that the EU sees no threat in car imports from the US. Due to that reason security cannot be used as a base for setting tariffs on the cars.

Mon, 18 Feb 2019 12:01:49 GMT

Seven Labour lawmakers quit Britain's main opposition party

On Monday, Seven lawmakers quit UK's Labour Party, citing leader Jeremy Corbyn's approach to Brexit.

Mon, 18 Feb 2019 12:01:34 GMT

British lawmakers say Facebook and other tech companies need ethical oversight

On Monday, the UK lawmakers said that Facebook and other tech giants need a compulsory independent ethical oversight.

Mon, 18 Feb 2019 11:21:32 GMT

European shares remain stable as trade talks progress

On Monday, European shares stalled, as investors and traders cashed in on Friday's gains ahead of China-US trade talks in the United States this week.

Mon, 18 Feb 2019 10:22:37 GMT

Global equity markets lifted to two and half month highs

On Monday, trade optimism lifted the global equity markets to a two and half month highs ahead of US-China trade talks in Washington this week.

Mon, 18 Feb 2019 10:10:19 GMT

Citigroup plans to buy Canary Wharf office building in London

According to a source with knowledge to the matter, said that Citigroup is in discussions to buy Canary Wharf office building in London.

Mon, 18 Feb 2019 10:07:46 GMT

Center-right set to win EU elections in May

According to a survey by the European Parliament, centre-right would win the biggest number of seats in the European Union Parliamentary elections in May.

Mon, 18 Feb 2019 09:24:12 GMT

Facebook ready to comply with constructive regulation

The Facebook Public Policy Manager Karim Palant stated on Monday that the company generally supported the idea of British lawmakers about mandatory compliance with the code of ethics as a tool against dissemination of fake news.

Mon, 18 Feb 2019 09:19:27 GMT

Qatar Petroleum signs $2.47B deals

On Monday, Qatar Petroleum signed preliminary agreements with Baker Hughes and Schlumberger worth nearly $2.5B to boost the country's energy industry.

Mon, 18 Feb 2019 08:25:50 GMT

Oil prices climb to two month highs

Crude oil prices surged by 48 cents or 0.9% on Monday morning, reaching $56.07 per barrel, amid another round of supply cuts and hopes that the US and China would manage to reach compromise on trade dispute.

Mon, 18 Feb 2019 08:21:36 GMT

Saudi to supply oil to Pakistan

The Saudi Energy Minister Khalid al-Falih announced on Sunday conclusion of a deal on oil supply to Pakistan in order to its petroleum needs.

Mon, 18 Feb 2019 07:17:28 GMT

Saudi has no interest in Manchester United

On Monday, the Media Minister of Saudi Arabia Turki al-Shabanah denied media reports that Mohammed bin Salman had intention to acquire Manchester United.

Mon, 18 Feb 2019 07:13:52 GMT

Bafin to stop operations with Wirecard stock

The German financial regulator Bafin on Monday morning ordered to stop opening or raising short positions in Wirecard's stock amid poor share performance.

Mon, 18 Feb 2019 05:42:06 GMT

US Dollar gains value on Monday

During the Asian session on Monday the US Dollar gained value. The surge was attributed to US-China trade talks.

Mon, 18 Feb 2019 05:41:23 GMT

New Zealand will tax online giants

On Monday, the government of New Zealand announced that it intends to set a new tax on revenue earned by online giants in an effort to stop them from tax evasion.

Mon, 18 Feb 2019 05:25:43 GMT

SoftBank invests in Mubadala

It was announced on Monday by SoftBank Group representatives that the Japanese bank has invested almost $400 million in Mubadala Investment, which backs European start-ups.

Mon, 18 Feb 2019 05:25:14 GMT

Asian stocks surge on Monday

On Monday, during the Asian session stock indices surged higher. The surge was attributed to US-China trade talks and global monetary policy.

Mon, 18 Feb 2019 03:53:35 GMT

Israeli GDP marks 2.2% increase in H2 2018

Israel's GDP grew slightly at a 2.2% annual rate in the second half of last year, compared with a 3.4% rise in the 2018 first half, the CSB stated.

Mon, 18 Feb 2019 03:52:57 GMT

Japanese machinery orders drop as trade frictions weigh on


Overseas orders for Japan's machinery posted their strongest decline in more than ten years in December and manufacturers anticipated orders to decrease further in the Q1, as trade frictions affect global demand.

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