News

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Thu, 15 Mar 2018 19:56:52 GMT

Spotify claims path to profits clear ahead of IPO

On Thursday, Swedish streaming music service Spotify stated that it has a clear way to profits since it is prepared to define the company's market growth and strategy plans ahead of upcoming IPO. 

Thu, 15 Mar 2018 19:11:59 GMT

Largest US radio corporation iHeartMedia files for bankruptcy

On Thursday, one of the largest US radio companies iHeartMedia, which operates 850 radio stations across the US, filed for bankruptcy, achieving the agreement with the creditors to restructure its $20B debt.

Thu, 15 Mar 2018 19:02:39 GMT

Western states call on Russia to explain nerve toxin attack in UK

On Thursday, France, Germany, the UK and the US called on Russian authorities to explain the nerve toxin attack in the UK against the former Russian spy and GRU colonel Sergei Skripal.

Thu, 15 Mar 2018 18:15:19 GMT

White House blames Russia for energy grid cyber attacks

On Thursday, the US administration blamed the Russian authorities for a series of cyber attacks, aiming the energy grid of the US, primary small commercial facilities' networks.

Thu, 15 Mar 2018 18:01:30 GMT

Saudi Arabia will develop nuclear weapon if Iran does

On Thursday, Saudi Crown Prince Mohammed bin Salman claimed that Saudi Arabia is not planning to develop nuclear weapons, however, it will start working on a nuclear bomb if Iran does. 

Thu, 15 Mar 2018 17:05:42 GMT

GM announces upgrade of facilities to start self-driving car development

On Thursday, General Motors announced a $100M upgrade to two of its facilities to start development of self-driving cars.

Thu, 15 Mar 2018 17:04:25 GMT

US builder confidence drops unexpectedly in March

On Thursday, the NAHB reported that its Housing Market Index fell to 70 in March from February's 71, while analysts expected the Index to come in at 72.

Thu, 15 Mar 2018 16:06:48 GMT

US import prices grow 0.4% last month

The Bureau of Labour Statistics reported that import prices grew 0.4% month-over-month in February, after rising 0.8% in the preceding month, whereas analysts expected an increase of 0.3%.

Thu, 15 Mar 2018 16:05:35 GMT

Philadelphia manufacturing activity slows more than expected in March

The Philly Fed reported on Thursday that its PMI for the region's manufacturing sector dropped to 22.3 in March from the prior month's 25.8, while analysts anticipated a decrease to 23.1.

Thu, 15 Mar 2018 15:34:25 GMT

US Ross to meet EU Malmstrom next week over tariffs

According to the EU Commission source, the US Commerce Secretary Wilbur Ross will meet the European Trade Commissioner Cecilia Malmstrom next week to discuss the US tariffs.

Thu, 15 Mar 2018 15:29:41 GMT

Alibaba Group seeks listing in homeland China

The e-commerce firm Alibaba was planning to list on the China's stock exchange as soon as this summer, the Wall Street Journal announced on Thursday.

Thu, 15 Mar 2018 13:51:28 GMT

Slovak President Kiska backs PM Fico's resignation conditions

According to Slovak coalition's junior party, the President Andrej Kiska supports the Prime Minister Robert Fico's resignation conditions, which allow his party to choose government's next leader.

Thu, 15 Mar 2018 13:51:07 GMT

Slovenia's early election likely to be held in May

The President of Slovenia Borut Pahor is seeing the country's early general election to take place in the end of May, following the Prime Minister Miro Cerar's resignation on Wednesday.

Thu, 15 Mar 2018 13:32:36 GMT

AirBnB Amsterdam stays grow strongly in 2017

AirBnB overnight stays in Amsterdam grew 25% to 2.1M last year, despite the restrictions imposed by the city, limiting the number of listing days to 60 per year.

Thu, 15 Mar 2018 12:34:36 GMT

Britain to invest $67M in chemical warfare defence centre

According to the UK Defence Secretary Gavin Williamson, Britain is set to invest $67M in a new chemical weapons defence centre at its military research laboratory in the Porton Down science park.

Thu, 15 Mar 2018 12:31:48 GMT

Uber to unveil its London data to meet regulator requests

Uber stated on Thursday it would share its data based on millions of trips in London soon, in the ride-hailing company's latest effort to meet the requests set by the city's regulator.

Thu, 15 Mar 2018 11:01:41 GMT

EU regulators to decide on Apple and Shazam deal

It has been announced that antitrust regulators of the European Union will make a decision about the Apple's Shazam take over on April 23.

Thu, 15 Mar 2018 11:00:53 GMT

GM worker union seeks security

The South Korean worker's union of General Motors on Thursday announced that it wants to exchange job and plant security for wage increases and bonuses.

Thu, 15 Mar 2018 10:25:49 GMT

America Movil to launch 4.5G network in 76 cities

One of the largest Mexican telecommunications company America Movil is set to launch a 4.5G network in 76 cities in the country by this year's end.

Thu, 15 Mar 2018 10:22:40 GMT

Lotte Data Communication seeks approval for IPO

South Korea's Lotte Data Communication is planning the initial public offering, after it receives the approval from the country's stock exchange.

Thu, 15 Mar 2018 08:30:35 GMT

Unilever to move its London HQ to Rotterdam

The British third-largest company Unilever is set to move its corporate headquarters to Rotterdam, following its decision to leave London in retaliation to Theresa May's government ahead of the Brexit.

Thu, 15 Mar 2018 08:28:10 GMT

Statoil to become Equinor in broad energy push

Norway's Statoil announced on Thursday it would change the firm's name to Equinor, as it sought to show its commitment to develop itself into the broad energy company.

Thu, 15 Mar 2018 07:13:33 GMT

Canada's Magna to invest $200M in Lyft

On Wednesday, Canada's auto parts supplier Magna International stated it would invest $200M in the US ride-hailing company Lyft, seeking cooperation on self-driving car manufacturing.

Thu, 15 Mar 2018 07:12:29 GMT

Sixt to launch car-sharing service this year

Germany's Sixt announced on Thursday about the launch of its new mobility platform in 2018 that would accumulate the firm's traditional transfer and car rental services, as well as car-sharing offering.

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