News

Note: This section contains information in English only.
Mon, 07 Aug 2017 14:32:22 GMT

Renault signs new joint venture deal in Iran

The French automaker Renault formed a new joint venture company in Iran following the last year's initial partnership agreement that would boost company's growth in the country.

Mon, 07 Aug 2017 14:19:02 GMT

Indian Eros in talks with Apple, Netflix, Amazon over library sale

India's movie production company Eros started negotiations with Amazon, Netflix and Apple over its music and film library sell as Bollywood seeks to boost its product offering in the global Internet service market.

Mon, 07 Aug 2017 13:32:53 GMT

Hearst invests $133M in Malaysia's iflix video streaming provider

The US media firm Hearst Communications joined EDBI and DBS private bank and led a $133M investment in Malaysian streaming video provider iflix, the company reported on Monday.

Mon, 07 Aug 2017 13:19:26 GMT

Russia seeks to reduce dependence on US payment systems

Russia's Deputy Minister Sergei Ryabkov stated that the country was aimed to cut dependence on the US Dollar as settling currency and its payment systems in response to the sanctions imposed by Washington.

Mon, 07 Aug 2017 12:21:49 GMT

UK denies media reports on €40B Brexit bill

The UK PM Theresa May's spokesman stated on Monday that Britain did not recognise media outlets reports that the authorities were willing to pay €40B for its withdrawal from the European Union.

Mon, 07 Aug 2017 12:02:25 GMT

Tesla wants to raise $1.5B to ramp up Model 3 production

On Monday, the electric car giant Tesla stated it sought to raise around $1.5B amid the carmaker's intention to fund production if its new mass-market Model 3 vehicle.

Mon, 07 Aug 2017 10:54:19 GMT

US firm Fiserv puts up offer for Monitise to $98M

The US financial technology company Fiserv raised its offer for Monitise to $98M on Monday, seeking to secure support from the UK financial service tech group's investors.

Mon, 07 Aug 2017 10:54:07 GMT

US, Australia, Japan urge world's community to pressure North Korea

Japan, Australia and the United States called the international community to put pressure on North Korea to stop its threats and implement additional diplomatic and economic sanctions over its ICBM tests.

Mon, 07 Aug 2017 10:01:11 GMT

Poll: Investor confidence in Euro zone stable, expectations fall

According to a poll by Sentix, sentiment of Euro zone investors remained stable in August, while future expectations fell globally, driven mainly by the sluggish US economy.

Mon, 07 Aug 2017 09:59:37 GMT

SoftBank interested in Lyft and Uber, says CEO

The CEO of SoftBank Group Masayoshi Son said on Monday that the company planned to invest in either Lyft or Uber Technologies; the final decision, however, was yet to be made.

Mon, 07 Aug 2017 09:23:31 GMT

Turkey's troops hold military exercises in Qatar

Turkish troops were holding joint military training exercises with Qatar, showing their strategic alliance in response to the boycott by the Arab Gulf states, which accused Doha of supporting terrorism.

Mon, 07 Aug 2017 09:09:08 GMT

61% of UK voters disapprove May's handling of Brexit talks

According to the ORB poll reported on Monday, 61% of the British voters disapprove the PM Theresa May's handling of the Brexit talks, compared to the prior month's 56%.

Mon, 07 Aug 2017 08:16:01 GMT

Samsung scion Lee may receive 12-year jail term

The South Korea prosecution is seeking a 12-year prison term for the Samsung's Vice Chairman Jay Y. Lee as the tech giant's scion is accused of corruption that led to the ex-President Park Geun-hye's ouster.

Mon, 07 Aug 2017 07:59:06 GMT

People evacuated as fire breaks out at Dubai hotel

On Monday, a fire broke out at Dubai hotel forcing staff and guests to leave the building; the third such a blaze in the United Arab Emirates in a week.

Mon, 07 Aug 2017 07:27:57 GMT

Floods kill 26 in Vietnam, cause damage worth $41M

26 people died in Vietnam after devastating floods washed away hundreds of houses and caused damage worth over $41M, the disaster state agency reported on Monday.

Mon, 07 Aug 2017 06:34:12 GMT

Toshiba's shares soar as auditor to sign off on annual results

According to the Nikkan Kogyo Shimbun news outlet, Toshiba's auditor is eager to sign off on the company's annual financial results; a report that raised Toshiba's shares 7% in morning trade.

Mon, 07 Aug 2017 06:28:45 GMT

WeWork to make $500M investment to expand in Southeast Asia

On Monday, the New-York-based start-up WeWork stated it would provide $500M funding in South Korea and Southeast Asia amid firm's intention to raise demand for its office area in Asia.

Mon, 07 Aug 2017 05:06:36 GMT

Google engineer's anti-gender equality memo sparks outrage

Google employee's controversial anti-diversity memo that circulated inside the firm during the previous week prompted the company rebuke and raised tensions over discrimination in the Silicon Valley.

Mon, 07 Aug 2017 05:05:32 GMT

North Korea: Seoul's approach "lacks sincerity"

At a meeting with his South Korean counterpart, the Foreign Minister of North Korea said Seoul's proposal to strengthen cooperation with the North "lacked sincerity".

Mon, 07 Aug 2017 04:25:32 GMT

Tillerson: US sees no point in cutting off ties with Russia

The US Secretary of State Rex Tillerson said that Washington wanted to cooperate with Russia and saw no point in cutting off ties on the back of their disagreements.

Mon, 07 Aug 2017 04:24:49 GMT

Additional Trump trademarks approved in Macau

On Monday, the world's largest casino hub Macau gave green light to additional Trump trademarks, giving the US President opportunity to develop the "Trump" brand there.

Mon, 07 Aug 2017 03:12:52 GMT

China urges South Korea to revamp relationship

China urged S.Korea to halt further the US THAAD deployment and make efforts to enhance their relations, China's Foreign Minister stated.

Mon, 07 Aug 2017 03:12:41 GMT

Russia says it's ready to normalize talks with US

Moscow was ready to normalize dialogue with Washington, Sergey Lavrov, the Russian Foreign Minister stated, if Washington would abandon confrontational approach with Moscow.

Mon, 07 Aug 2017 02:07:17 GMT

EU to continue payments until 2020 despite Brexit

The UK would have to continue providing funds for long-term programs to the EU until 2020, even after the country leaves the bloc earlier, EU Budget Commisson revealed.

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