News

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Thu, 15 Feb 2018 15:26:30 GMT

US jobless claims rise 7K last week

The US Department of Labour reported that unemployment claims were up 7K, hitting the 230K mark in the week ended February 10, and topping analysts' expectations.

Thu, 15 Feb 2018 13:52:05 GMT

EU calls on social media to bring user terms in line with law

The European justice commissioner urged Google, Twitter and Facebook to put more efforts in trying to bring the social media platforms' user terms in compliance with the EU law.

Thu, 15 Feb 2018 13:51:31 GMT

Ethiopia's Hailemariam to resign as coalition chairman

On Thursday, the Prime Minister of Ethiopia Hailemariam Desalegn announced he had submitted the resignation as the ruling coalition's chairman and the premier.

Thu, 15 Feb 2018 11:52:40 GMT

Turkey seeks Kurdish YPG removing from SDF

The Turkish Defence Minister Nurettin Canikli told his US counterpart Jim Mattis on Thursday that Syria's Kurdish YPG must be excluded from the Syrian Democratic Forces.

Thu, 15 Feb 2018 11:52:30 GMT

Airbus considers lifting A350 jet production

Airbus CEO Tom Enders stated the planemaker was eager to decide within the year whether to raise the A350 jet output, together with plans to increase the production of its single-aisle aircraft.

Thu, 15 Feb 2018 11:24:34 GMT

Burberry teams up with Farfetech

British Burberry will pair up with retailer Farfetech to offer its products to online shoppers in 150 countries.

Thu, 15 Feb 2018 11:24:03 GMT

Global stocks surge

Stocks, bond yields and commodity prices surged on Thursday due to the US Dollar loosing value, as investors realised that the US inflation fears were largely blown out of proportion.

Thu, 15 Feb 2018 10:34:02 GMT

Russia denies UK allegations over cyber-attack last year

On Thursday, the Kremlin spokesman Dmitry Peskov stated that Russia had denied the allegations made by Britain over Moscow to be responsible for the last year's "NotPetya" cyber-attack.

Thu, 15 Feb 2018 10:30:38 GMT

Nokia plans to cut 400 jobs in Finland

Nokia is planning to cut over 400 job positions in Finland on the back of its digital health business' strategic review it has launched seeking for growth opportunities.

Thu, 15 Feb 2018 09:31:56 GMT

Britain, Ireland aim to restore Northern Ireland talks

The British and Irish governments sought to re-establish the Northern Ireland talks on restoring its power-sharing government, Ireland's Foreign Minister stated on Thursday.

Thu, 15 Feb 2018 09:28:07 GMT

Hong Kong Express sees delay in A320neo jets delivery

Hong Kong Express is expecting no less than six-month delay in the Airbus A320neo aircraft deliveries amid some engine issues made by Pratt & Whitney.

Thu, 15 Feb 2018 08:33:59 GMT

Nissan China plants have capacity to build more vehicles

Nissan Motor's top executive stated that the joint venture plants in Xiangyang and Zhengzhou still had the capacity to produce more cars, and the carmaker was eager to prioritise those factories.

Thu, 15 Feb 2018 08:27:34 GMT

Pentagon calls on Ankara to remain focus on fighting IS

The US Defence Secretary Jim Mattis urged Ankara to stay focused on fighting the Islamic State insurgents in Syria, Pentagon reported on Thursday.

Thu, 15 Feb 2018 07:34:03 GMT

Zuma resigns as South Africa's President

On Wednesday, Jacob Zuma stepped down as the South African President, following the ANC intentions to terminate his scandal-plagued term in power.

Thu, 15 Feb 2018 07:31:25 GMT

Sun Power beats forecasts on steady demand for solar panels

SunPower exceeded analysts' expectations by posting a rise in its Q4 revenue of $824M, boosted by healthy demand for the company's solar panels in 2017.

Thu, 15 Feb 2018 06:21:10 GMT

Airbus takes charge of €1.3B on A400M military jet

Airbus took a writedown of €1.3B on the company's A400M military plane, raising cumulative charges on the European defence project above €8B.

Thu, 15 Feb 2018 06:19:50 GMT

Africa's coffee production may almost double in next five years

Africa's coffee output is expected to double over the following five years, since some states increase plantings and raise the productivity of farming.

Thu, 15 Feb 2018 05:34:58 GMT

Cisco results top forecasts for first time in two years

Cisco Systems announced the first increase in quarterly revenue in two years and expected upbeat profit in the current quarter, as efforts to turn into software-focused firm started to pay off.

Thu, 15 Feb 2018 05:34:22 GMT

Japan's PM Abe, Trump agree to maintain pressure on NK

The US President Donald Trump and Japan's Prime Minister Shinzo Abe agreed to maintain pressure on North Korea, until it abandons missile and nuclear programs.

Thu, 15 Feb 2018 03:56:10 GMT

Amazon to create 2K jobs in France this year

The US online retail major stated that it would open 2K permanent contract positions in 2018 in France, its biggest market in the EU after the UK and Germany.

Thu, 15 Feb 2018 03:55:06 GMT

Japan's machinery orders fall sharply in December

Japanese core machinery orders revealed the fastest decline in three years, falling 11.9% in December, suggesting that the recent rise in capital expenditure may fade.

Thu, 15 Feb 2018 02:59:11 GMT

Australian unemployment rate drops to 5.5%

As analysts expected, the Australian unemployment rate fell to 5.5% in January from 5.6% in the preceding month, according to the ABS.

Thu, 15 Feb 2018 02:57:57 GMT

Australian employment growth slows last month

The ABS reported on Thursday that the number of people employed rose 16K in January, after climbing 33.5K in the prior month, whereas analysts anticipated a gain of 15.3K.

Wed, 14 Feb 2018 21:00:27 GMT

Romanian GDP expands 7%

The Romanian economy expanded at the fastest pace compared to other European Union member countries in 2017, official data shows.

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