News

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Thu, 02 Feb 2017 13:02:45 GMT

Oil more expensive as OPEC output falls

On Thursday, prices for oil edged up, amid news of OPEC cutting production outweighing an increase in US crude stocks.

Thu, 02 Feb 2017 12:01:25 GMT

Syrian army to keep pressing on against ISIL near al-Bab

On Thursday, the Syrian army declared its intention to keep advancing against ISIL to the city of al-Bab in order to get ahead of a separate military group, backed by Turkey, which also seeks to take hold of al-Bab.

Thu, 02 Feb 2017 12:01:13 GMT

Global food prices reach highest level in nearly two years

According to the Unite Nations food agency's report on Thursday, global food prices edged up in January, almost reaching a two-year high. Future prospects suggest prices will continue to rise during the year.

Thu, 02 Feb 2017 11:29:58 GMT

Electric vehicles to disrupt oil market

Oil companies may face great financial woes as demand for fossil fuels plunges amid growing popularity of electric cars.

Thu, 02 Feb 2017 11:05:40 GMT

Apple puts high hopes on its new chip

Apple Inc. is creating its own brand new chip for Mac computers, iPhones and iPad processors as it plans to outclass the current Intel CPU.

Thu, 02 Feb 2017 09:57:13 GMT

Romania's Minister resigns

On Thursday, Romania's Trade and Business Minister resigned after more than 250,000 people had taken to the streets to protest against the government decision.

Thu, 02 Feb 2017 09:56:05 GMT

Japan Prime Minister to meet head of Toyota

The Prime Minister of Japan Shinzo Abe expressed the desire to meet the President of Toyota on Friday, as Tokyo had established a plan to prevent the US criticism of its trade policy.

Thu, 02 Feb 2017 09:46:32 GMT

Romanian Minister to leave his office

The Minister of Business Environment Florin Jianu is eager to resign from his post as he no longer wants to support the new government policy.

Thu, 02 Feb 2017 09:44:27 GMT

Brexit bill survives first test

The UK Parliament's majority voted in favour of triggering Brexit process as 498 votes were approved to 114.

Thu, 02 Feb 2017 08:46:42 GMT

Israeli police clear settler homes in Amona

All homes in the illegal West Bank outpost were reported cleared, but up to 100 settlers remain barricaded in Amona synagogue. Police are prepared to finish eviction by force.

Thu, 02 Feb 2017 08:31:46 GMT

Facebook to pay $500M over intellectual property suit

Facebook-owned Oculus was ordered to pay damages to ZeniMax as it was found guilty of several charges, including copyright infringement, in the VR Oculus Rift case.

Thu, 02 Feb 2017 07:48:33 GMT

Canada recalls over 7K sports cars

Transport Canada announced that certain models of Saturn Sky and Pontiac Solstice sport cars are to be recalled due to possible airbag system malfunctions.

Thu, 02 Feb 2017 07:48:16 GMT

Deutsche Bank posts higher-than-expected fourth-quarter loss

Germany's largest lender reported a €1.9B Q4 loss over litigation charges and restructuring costs. The results missed forecasts, but showed an improvement from the year-ago values.

Thu, 02 Feb 2017 06:49:15 GMT

Fed holds interest rate unchanged

The FOMC kept the Fed's benchmark interest rate at 0.5-0.75%, but noted a slight improvement in inflation, steady labor gains and an overall increase in economic confidence.

Thu, 02 Feb 2017 06:49:03 GMT

Australia posts record trade surplus

Australian Bureau of Statistics reported the all-time highest trade balance of A$3.51B as the country's exports were boosted by an upsurge in iron ore and coal prices.

Thu, 02 Feb 2017 06:16:12 GMT

Thousands take to streets in Romania over government decree

More than 250,000 people have taken to the streets in the Romania on Wednesday to protest against the government decision to decriminalize of corruption offences.

Thu, 02 Feb 2017 06:16:00 GMT

Garuda plane to skid off runway in Yogyakarta

Adisutjipto Airport in Yogyakarta remains closed after Garuda Indonesia Boeing 737-800 airplane skidded off runway during the landing.

Thu, 02 Feb 2017 05:31:13 GMT

Grab to invest $700M in Indonesia

Grab, the ride-hailing startup in Southeast Asia, is planning to invest $700M in Indonesia as competition among the ride-hailing companies in the region.

Thu, 02 Feb 2017 05:30:37 GMT

Samsung launches mobile payments service for Android smartphones

Samsung announced on Thursday the launch of the mobile online payments system Android smartphones in South Korea in the first quarter.

Wed, 01 Feb 2017 18:55:32 GMT

Tunisian refugee supposedly linked to ISIS arrested in Germany

The German police have confined a 36-year-old Tunisian refugee on the charge of working for the ISIS terrorist movement since August of 2015.

Wed, 01 Feb 2017 18:55:20 GMT

Pastor Mawarire confined at Zimbabwe airport

A Zimbabwean clergyman previously accused of calling for protestations against the country's government led by Robert Mugabe was confined at an airport on return from the US.

Wed, 01 Feb 2017 18:06:22 GMT

Italy to help African states control borders

A new fund aimed at helping African countries have charge of their borders and thus preventing illegal immigration to Europe had been set up by Italy on Wednesday.

Wed, 01 Feb 2017 18:06:11 GMT

Marathon strong enough to handle any import tax

The CEO of Marathon Petroleum said that the company had very favourable logistics infrastructure to withstand any border tax imposed under Trump.

Wed, 01 Feb 2017 17:09:09 GMT

US equities retreat as energy sector drops

US indices dropped in the red territory shortly after the NY open being weighed by a slide in energy sector ahead of the interest rates decision by the Fed. 

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