News

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Thu, 04 May 2017 19:28:24 GMT

US House approves Republican health-care overhaul

The US Republicans successfully pushed their prized health-care bill through the House of Representatives on Thursday.

Thu, 04 May 2017 18:31:49 GMT

Tillerson meets Asia's ministers on North Korea

Rex Tillerson, the US Secretary of State, met the Foreign Ministers of Asia to seek their support on North Korea to stop its nuclear and missile tests.

Thu, 04 May 2017 18:29:59 GMT

Oil prices hit 2017 lows

Oil prices dropped on Thursday to their lowest level so far in 2017, with Brent breaking below $50, amid concerns of rising global supply and still high inventories.

Thu, 04 May 2017 16:51:31 GMT

EU chief expects Brexit talks tough if emotions unrestrained

The UK's looming talks with the European Union on leaving the bloc are set to become impossible if emotions remain unchecked, the EU Council President Donald Tusk said.

Thu, 04 May 2017 16:51:10 GMT

US trade deficit falls to $43.7B in March

The US trade deficit slightly declined to $43.7B in March from the preceding month's upwardly revised deficit of $43.8B due to broad decreases in exports and imports.

Thu, 04 May 2017 16:05:05 GMT

ECB policy guidance to evolve as Euro zone growth accelerates

Parts of the ECB policy guidance are likely to change over the time as growth in the Euro zone strengthens, the ECB Chief Economist Peter Praet said.

Thu, 04 May 2017 16:01:16 GMT

France, Spain, Portugal and Italy urge EU to reconsider economic models

France, Spain, Portugal and Italy urged the European Commission to review economic models and set economic growth as top priority when considering the EU countries' budgets.

Thu, 04 May 2017 15:16:52 GMT

EU to ease derivatives regulations in order to boost economy

The European Union proposed to ease its derivatives regulations to save billions of Euros for pension funds, as it aims to boost economy after the UK decided to quit the bloc.

Thu, 04 May 2017 15:11:37 GMT

US factory orders increase less than expected in March

US factory orders rose 0.2% in March, following an upwardly revised 1.2% in February and falling behind expectations of 0.4% increase, the Census Bureau revealed on Thursday.

Thu, 04 May 2017 14:00:12 GMT

US initial jobless claims drop more than expected

The number of Americans filing for unemployment benefits fell to 238K last week, following the prior week's 257K and topping (surpassing) expectations for a decline to 246K.

Thu, 04 May 2017 13:54:22 GMT

Czech PM postpones resignation to devise new cabinet's plan

The Czech Republic Prime Minister Bohuslav Sobotka decided to delay his and the cabinet's resignation amid his intention to devise a new plan for the government.

Thu, 04 May 2017 13:15:50 GMT

Macron accuses rival Le Pen of lies spreading

On Thursday, France's presidential nominee Emmanuel Macron accused his rival candidate Marine Le Pen of spreading fake news about him about having a veiled offshore fund.

Thu, 04 May 2017 12:33:59 GMT

Germany expects more cyber attacks before national election

Germany's local intelligence bureau stated it expected more cyber attacks aimed against the country's authorities and politicians before the election on September 24.

Thu, 04 May 2017 12:26:45 GMT

Google to pay $334M to settle Italy tax controversy

Google agreed to pay $334M to settle a tax controversy with the Italian government to cover the period from 2002 to 2015.

Thu, 04 May 2017 11:19:56 GMT

Nokia to slash nearly 200 job positions in Finland

The network hardware maker Nokia is eager to continue job slashing in Finland and cut down about 200 positions amid company's strong decline in demand in the world network market.

Thu, 04 May 2017 11:19:37 GMT

Global food prices drop 1.8% in April

The UN Food and Agriculture Organisation reported on Thursday that the world prices of food plunged 1.8% to 168 points over the month of April.

Thu, 04 May 2017 09:52:18 GMT

UBS might increase payouts

The UBS Group AG might increase the payouts the company is making to its shareholders, if the legal and regulatory costs of the company decrease in the future.

Thu, 04 May 2017 09:51:39 GMT

Prince Philip of UK steps down

The husband of Queen Elizabeth, Prince Philip, is stepping down from carrying on with his royal duties later this year. The decision comes as no surprise, as the prince is 95 years old.

Thu, 04 May 2017 09:26:50 GMT

UK Services PMI hits 55.8 in April

Markit reported on Thursday that UK services activity rose to 55.8 in April, while analysts anticipated a slight drop to 54.6.

Thu, 04 May 2017 09:06:48 GMT

VW renews diesel cars sales after US emissions scandal

The German automaker Volkswagen resumed its diesel vehicles sales in the US last month after the emissions scandal that led to company's sales bar of 11K new 2015 diesel cars.

Thu, 04 May 2017 08:30:39 GMT

Amazon introduces fresh grocery service to Germany

On Thursday, Amazon started to deliver fresh groceries to their Prime members in Berlin and Potsdam who would be able to choose from 85K of products, including coffee, bread and chocolate from 25 domestic stores.

Thu, 04 May 2017 08:18:24 GMT

Shell hits $71.8B in Q1 revenue

Shell exceeded analysts' expectations by posting its revenue of $71.8B for the first quarter, beating the estimates of $70.62B.

Thu, 04 May 2017 07:31:33 GMT

System bug hits WhatsApp causing global outage

On Wednesday, Facebook-owned messenger WhatsApp was hit by a massive outage during the next few hours that led to inability for users to access the application.

Thu, 04 May 2017 07:11:32 GMT

Spanish employment improves markedly in April

According to the Spanish Employment Ministry, the number of unemployed Spaniards fell 129.3K in April, exceeding analysts' expectations for a 78.2K drop.

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