News

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Thu, 01 Mar 2018 13:32:25 GMT

Finnish coalition may be dissolved if healthcare reform fails

On Thursday, Finnish PM Juha Sipila stated that he could dissolve the centre-right coalition government in case it failed with its plan on the local government and healthcare reform within the next months.

Thu, 01 Mar 2018 11:57:32 GMT

EU Council: Greece to enhance its anti-graft efforts

The European Council called on Greece to step up its efforts to bar the judges and lawmakers from corruption and improve the party financing transparency.

Thu, 01 Mar 2018 11:57:19 GMT

Euro zone jobless rate stays on hold in January

Eurostat reported on Thursday that unemployment rate in the Euro zone remained unchanged at 8.6% in January, fully meeting analysts' expectations.

Thu, 01 Mar 2018 11:00:22 GMT

Germans are not opposing French CEO for Airbus

German authorities on Thursday announced that the German government isn't against a possible French candidate for the replacement of Airbus chief in 2019.

Thu, 01 Mar 2018 10:59:48 GMT

EU clears new eyewear merger

The European Commission has approved a $58.5B merger of two eye-wear groups. Namely, Luxottica and Essilor are set to merge without any hindrance.

Thu, 01 Mar 2018 10:33:00 GMT

Russia plans to pledge $60B to support families

Russia's President Vladimir Putin stated the country would spend $60.07B to help demographic growth and families within the following six years.

Thu, 01 Mar 2018 10:26:34 GMT

Spain sets date to complete 2018 budget proposal

On Thursday, the Spanish PM Mariano Rajoy stated that the government sought to finalise the 2018 budget proposal until March 23.

Thu, 01 Mar 2018 09:33:55 GMT

Carmakers' alliance seeks accelerating collaborations in key areas

The Renault-Mitsubishi-Nissan alliance stated it was set to speed up the collaborations between the three carmakers in the key areas, as they seek to boost cost savings and profits.

Thu, 01 Mar 2018 09:31:38 GMT

Ex-Givenchy designer becomes new Burberry's CCO

The luxury clothing brand Burberry named the former Givenchy designer Riccardo Tisci as the company's new Chief Creative Officer to replace Christopher Bailey.

Thu, 01 Mar 2018 08:31:13 GMT

Exxon exits JVs with Russia's Rosneft amid sanctions

Exxon Mobile is eager to quit all the joint ventures with the Russian oil company Rosneft, citing the EU and US sanctions that were first imposed in 2014.

Thu, 01 Mar 2018 08:29:29 GMT

Walmart lifts minimum age to buy firearms, ammunition

On Wednesday, Walmart stated it had raised the minimum age for buying ammunition and firearms to 21 years, following the Florida high school massacre.

Thu, 01 Mar 2018 07:34:56 GMT

Cabinet reshuffle to trigger lift in South African economic confidence

The Monday's reshuffle of the South African Cabinet triggered by the President Cyril Ramaphosa will bring a boost to the country's economic confidence, according to a Reuters poll.

Thu, 01 Mar 2018 07:26:33 GMT

Alibaba's unit invests $150M in Indian firm Zomato

The Chinese Alibaba's unit Ant Financial Services Group had invested $150M in India's food search and delivery firm Zomato, valuing the service at over $1B, the companies reported on Thursday.

Thu, 01 Mar 2018 05:25:08 GMT

China's NHA plans significant workforce cuts

China's conglomerate NHA announced plans for significant job cuts, as the company faced liquidity concerns, following debt-fuelled acquisition, the REDD reported.

Thu, 01 Mar 2018 05:23:18 GMT

US November crude oil output reaches record high

The US crude oil output managed to hit 47-year high in November, though retreated modestly in December, the country's Energy Department stated.

Thu, 01 Mar 2018 04:08:25 GMT

Best Buy to shut small mobile phone stores in US

The US leading consumer electronic retailer Best Buy stated that it would close 250 small stores in the country, aiming to become more profitable and remain competitive.

Thu, 01 Mar 2018 04:07:32 GMT

Microsoft to purchase solar power from Singapore's Sunseap

Microsoft Corp stated it is set to purchase solar power from Sunseap in Singapore, the company's first deal on renewable energy in Asia.

Thu, 01 Mar 2018 02:52:25 GMT

Caixin PMI hits 51.6 last month

Markit reported that its Caixin PMI for the Chinese manufacturing sector rose to 51.6 in February from the preceding month's 51.5, surpassing expectations for a decrease to 51.3.

Thu, 01 Mar 2018 02:51:34 GMT

Australia private capital expenditure falls unexpectedly in Q4 2017

The ABR reported on Thursday that total private capital expenditure dropped 0.2% in the Q4 of 2017, after climbing 1.9% in the prior quarter, while analysts anticipated an increase of 1.0%.

Wed, 28 Feb 2018 21:19:19 GMT

Japan and EU plan to finalise trade agreement before Brexit

EU and Japan officials claimed that both sides are rushing to finalise the new trade agreement between European Union and Japan, hoping to prepare it by 2019 before Brexit.

Wed, 28 Feb 2018 21:01:18 GMT

US and EU officials to discuss Iran nuclear deal in Berlin

On Wednesday, a Foreign Ministry of Germany stated that US and European officials are planning to organise a meeting in Berlin in the next month to discuss 2015 Iran nuclear deal. 

Wed, 28 Feb 2018 20:11:34 GMT

Marshall Islands to launch its own cryptocurrency

According to one of the Marshall Islands officials, the country is planning to release its own sovereign cryptocurrency called SOV that will serve as an official legal tender. 

Wed, 28 Feb 2018 20:01:43 GMT

Spotify files for $1B IPO

On Wednesday, Sweden-based music streaming platform Spotify filed for $1B initial public offering with the U.S. Securities and Exchange Commission, preparing to list shares on NYSE.

Wed, 28 Feb 2018 19:17:30 GMT

US crude oil inventories rise three million barrels last week

The US Energy Information Administration reported on Wednesday that domestic crude oil inventories rose by three million barrels for the week ended 23 February.

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