News

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Sun, 16 Jul 2017 02:51:31 GMT

Unilever and Hormel contend to buy food unit of Reckitt

Unilever was competing with Hormel Foods, the US canned meat maker, to buy the foods branch of UK consumer goods producer Reckitt Benckiser.

Sun, 16 Jul 2017 02:51:21 GMT

Britain to link business rates tax to CPI form 2020

The UK finance ministry is set to help firms by switching the indexation of business rates from retail prices to consumer prices from 2020.

Sun, 16 Jul 2017 02:24:14 GMT

Brexit hit to investment of four of every ten firms: CBI

The CBI reported that roughly four of every ten UK business reported that Brexit affected their decisions on investments, citing uncertainty over the future of Britain-EU relationship.

Sun, 16 Jul 2017 02:22:26 GMT

Macron wants Trump to reverse decision on climate deal

French President Emmanuel Macron stated that he was full of hope that the US President Donald Trump would reverse his mind and come back to the Paris Climate Agreement.

Sat, 15 Jul 2017 19:50:41 GMT

OPEC cuts deal is effective, Kuwait's official says

Crude oil inventories are expected to decline at a faster pace worldwide in the second half of 2017 as demand grows and OPEC members comply with a global agreement to cut output, Kuwait's OPEC Governor said.

Sat, 15 Jul 2017 19:50:18 GMT

IMF welcomes Egypt's economic reform programme

The IMF welcomed Cairo's economic reform programme, including increasing the fuel's price and imposing value-added tax, which was expected to have a positive impact on the budget.

Sat, 15 Jul 2017 18:52:05 GMT

Russia's Embassy denies Russia-backed hackers attack

Russia's Embassy in London said that The Times article claiming that hackers supported by the Russian government allegedly attacked energy networks on the island of Ireland had no evidence.

Sat, 15 Jul 2017 18:51:14 GMT

Trump appoints lawyer Ty Cobb as special counsel

The US President Donald Trump announced that the lawyer Ty Cobb would serve as special counsel at the White House.

Sat, 15 Jul 2017 18:05:30 GMT

President Xi urges stronger financial regulation

China's President Xi Jinping urged to accelerate developing laws and regulation governing the financial sector to contain systematic risks. 

Sat, 15 Jul 2017 18:03:08 GMT

China unveils reform plans

China introduced reform plans to improve financial sector's capabilities to serve the real economy while safeguarding against systemic risks.

Sat, 15 Jul 2017 17:10:14 GMT

Britain can remain in EU, Tony Blair says

Britain can still remain in the EU despite its Brexit referendum vote, the former British Prime Minister Tony Blair said.

Sat, 15 Jul 2017 17:09:51 GMT

North Korea accelerates nuclear fuel processing

Satellite images taken between September and June showed increased thermal activity at North Korea's nuclear plant, a worrying sign for the US and its allies.

Sat, 15 Jul 2017 16:09:13 GMT

Spat between Rome and Telecom Italia is over

A dispute between the Italian government and Telecom Italia's CEO over the rollout of ultrafast broadband has been solved, Italy's Industry Minister said.

Sat, 15 Jul 2017 16:03:39 GMT

Trump takes travel ban dispute to Supreme Court again

The US President Donald Trump's administration took the dispute over the temporary travel ban to the Supreme Court again, asking to bar entry into the US by people with grandparents and cousins in the country. 

Sat, 15 Jul 2017 14:51:33 GMT

France makes plea to lift sanctions on Qatari nationals

The French Foreign Minister Jean-Yves Le Drian called for a speedy lift of sanctions targeting Qatari nationals, thus attempting to ease the Gulf regional crisis.

Sat, 15 Jul 2017 14:51:21 GMT

Merkel's rival Schulz to meet Macron on Thursday

The leader of Germany's Social Democrats Martin Schulz is to meet the French President Emmanuel Macron on June 20, the party's spokesman told reporters on Saturday.

Sat, 15 Jul 2017 14:02:00 GMT

Romanian President assures military purchases intended only to boost defence

The Romanian President Klaus Iohannis explained on Saturday that the recent missile purchases were intended to strengthen Romania's defences and not pressure Russia.

Sat, 15 Jul 2017 13:57:05 GMT

Protesters in Singapore demand inquiry into PM's alleged abuse of power

Protesters gathered in Singapore on Saturday to demand an independent inquiry into PM Lee Hsien Loong's alleged abuse of power in a property-related dispute with siblings.

Sat, 15 Jul 2017 13:06:34 GMT

Iran blames Trump for conflicting policies in region

The Ministry of Foreign Affairs of Iran said that the US President Donald Trump should deal with "arbitrary and conflicting policies" of the US and its allies in the region.

Sat, 15 Jul 2017 12:52:01 GMT

Merkel says Brexit and French election changed her view on Europe

The German Chancellor Angela Merkel said that Brexit and the French election had changed her view on the EU, emphasising that it was important to fight for stronger Europe.

Sat, 15 Jul 2017 11:55:16 GMT

Austrian lawmaker Peter Pilz files complaint against Daimler over fraud

A lawmaker of the Austrian Green party Peter Pilz filed a complaint against Daimler, accusing the firm for deception and fraud regarding a purchase of Eurofighter jets in 2003.

Sat, 15 Jul 2017 11:45:27 GMT

Tony Blair says EU may compromise on freedom of movement

The former British Prime Minister Tony Blair said that the European Union was willing to adjust its rules on freedom of movement, thus helping Britain to avoid "hard Brexit".

Sat, 15 Jul 2017 11:06:54 GMT

No surprises expected in ECB monetary policy meeting on July 20

The European Central Bank is not expected to change its rhetoric at the monetary policy meeting on July 20; however, it may hint to some adjustments to the asset-buying programme.

Sat, 15 Jul 2017 11:02:32 GMT

Fire at tower block in Honolulu kills three people

According to media reports, the massive fire that broke out at the 36-storey Marco Polo tower block in Honolulu, Hawaii, had killed three people.

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