News

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Fri, 09 Mar 2018 14:35:50 GMT

Turkish first $20B nuclear plant faces delay

The Turkish planned $20B Russian-built power factory may not face its deadline of 2023 due to Rosatom's struggles to find local partners.

Fri, 09 Mar 2018 14:28:24 GMT

EU seeks to respond to US steel tariffs

The EU's Trade Chief stated that the bloc sought to be excluded from the US aluminium and steel tariffs, adding it would refer to the WTO to impose measures, in case Washington ignored the request.

Fri, 09 Mar 2018 13:33:49 GMT

Merkel urges US to exclude EU from tariffs

Germany's Chancellor Angela Merkel called on the United States on Friday to exclude the European Union from steel tariffs imposition to defuse trade dispute.

Fri, 09 Mar 2018 13:29:28 GMT

Pope Francis heads to Baltic countries in September

On Friday, the Vatican stated that Pope Francis is planning a visit to the Baltic States in September, for the first time in 25 years.

Fri, 09 Mar 2018 12:27:28 GMT

Blackstone, Shell work on $10B bid for BHP's shale assets

Sky News reported on Thursday that the US private equity firm Blackstone and Shell were seeking for a joint $10B bid for the US shale assets from BHP Billiton.

Fri, 09 Mar 2018 12:23:09 GMT

A1 Telekom Austria accused of breaching data privacy rules

According to the Austrian data protection authority, the part of America Movil's A1 Telekom Austria is accused of violating of data privacy rules, illegally storing its customers' data.

Fri, 09 Mar 2018 11:23:52 GMT

China's metal companies oppose US duties, ask for countermeasures

Companies in the Chinese metal industry said they opposed duties imposed by the Trump administration and urged China to take ‘resolute measures' against imports from the US.

Fri, 09 Mar 2018 11:17:43 GMT

German industrial output declines by 0.1% in January

The German industrial production fell by 0.1% in January, compared to the estimated 0.6% increase, attributed primarily to seasonal factors rather than an economic slowdown.

Fri, 09 Mar 2018 10:23:47 GMT

SPD reveals new Germany's Finance and Foreign Ministers

Germany's Social Democrats Party has revealed the new Finance and Foreign Ministers, appointing Olaf Scholz and Heiko Maas respectively earlier this week.

Fri, 09 Mar 2018 10:13:46 GMT

UBS seeks moving some employees to Frankfurt

The Swiss bank UBS is planning to shift about 200 staff from London to Frankfurt, who got affected by Britain's decision to leave the European Union.

Fri, 09 Mar 2018 09:32:05 GMT

Uber drivers must be licensed in Czech Republic

The Czech Republic Prime Minister stated on Thursday that Uber drivers would need to be licensed and get business certificates to operate in the country.

Fri, 09 Mar 2018 09:17:34 GMT

Trump seeks meeting with North Korea's Kim

The US President Donald Trump stated he was ready to meet the North Korea's leader Kim Jong Un for the first time at the US-North Korea summit.

Fri, 09 Mar 2018 08:34:00 GMT

Ford's car sales in China drop 30% y/y in February

On Friday, Ford Motor reported its China vehicle sales plunged 30% year-on-year, according to the data release for the previous month, as the company continue struggling in the world's biggest car market.

Fri, 09 Mar 2018 08:30:38 GMT

Toshiba aims completing chip unit sale in three months

Toshiba is expecting to complete its $18B memory chip business sale by June or as soon as it awaits China to grant the company an antitrust regulatory approval.

Fri, 09 Mar 2018 07:33:31 GMT

Yamaguchi becomes Kobe Steel's President

On Friday, the Japanese Kobe Steel appointed Mitsugu Yamaguchi as the company's President to replace Hiroya Kawasaki, who said he would resign on April 1.

Fri, 09 Mar 2018 07:28:36 GMT

Japan's Tax Agency director plans to resign

According to Kyodo news agency, the Japanese National Tax Agency head Nobuhisa Sagawa intends to resign, following his alleged links to a cronyism scandal.

Fri, 09 Mar 2018 06:01:10 GMT

Wynn Resorts agrees to $2.6B Universal lawsuit settlement

Wynn Resorts is set to pay $2.6B to settle a lawsuit with the Japanese Universal Entertainment, ending a year-long dispute between the casino mogul Steve Wynn and his ex-associate Kazuo Okada.

Fri, 09 Mar 2018 05:56:25 GMT

Twitter names new Chief Technology Officer

On Thursday, Twitter appointed Parag Agrawal as the company's new Chief Technology Officer, following the resignation of Anthony Noto last month.

Fri, 09 Mar 2018 05:15:35 GMT

Toyota's Denso buys 4.5% stake in chipmaker Renesas

Toyota's affiliate Denso is acquiring an extra 4.5% stake in the chipmaker Renesas Electronics in a deal worth $800M, amid carmakers' intention to adopt self-driving technologies.

Fri, 09 Mar 2018 05:10:38 GMT

Japan urges US to lift steel import tariffs

Japanese aluminium industry called on the United States to withdraw new tariffs on aluminium and steel imports, amid concerns that the move could also hit the global trade.

Fri, 09 Mar 2018 03:54:58 GMT

China's consumer prices hit four-year high in February

China's consumer inflation surged to the highest level since late 2013 in February, largely due to increased prices of food, official report indicated.

Fri, 09 Mar 2018 03:54:06 GMT

BoJ keeps rates unchanged at negative 0.1%

The Bank of Japan announced its decision to keep rates steady at a negative 0.1%, remaining convinced that massive stimulus program would help inflation to reach the target.

Thu, 08 Mar 2018 20:54:31 GMT

US reports smaller change in natural gas storage

The US Energy Information Administration reported a smaller-than-expected change in natural gas storage in the week ended March 3, 2018.

Thu, 08 Mar 2018 20:54:14 GMT

Hong Kong not to prop up local currency

On Thursday, the Hong Kong Monetary Authority said that it did not want to issue bills to prop up the domestic currency until it reaches the limits of its trading.

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