News

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Mon, 30 Jan 2017 10:44:26 GMT

Canada to offer refugees short-term residence

The Minister of Immigration Ahmed Hussen ensured Canada is ready to offer refugees and citizens from Muslim-majority states temporary accommodation.

Mon, 30 Jan 2017 10:22:31 GMT

Starbucks to hire 10K refugees

The head of Starbucks Corp. is eager to hire 10K of migrants in more than 70 countries amid Donald Trump's refugee ban.

Fri, 27 Jan 2017 15:53:11 GMT

Ford introduces new SmartLink tool

Ford Motor will sell the new SmartLink technology removable device that adds connected features to its older cars, such as Wi-Fi hotspot or lock and unlock functions.

Fri, 27 Jan 2017 15:01:32 GMT

Airbnb to maintain profitability in 2017

According to people familiar with the business, Airbnb Inc. has reached profitability in the mid-2016 and is eager to stay profitable in 2017.

Thu, 26 Jan 2017 11:54:45 GMT

Swiss watch exports drop to record low

Switzerland watch industry's exports plunged 9.9% in 2016, the lowest mark since the financial crunch in 2009.

Thu, 26 Jan 2017 11:05:36 GMT

Tundra to blame for oil leak in Canada

Tundra Energy Marketing owned the pipeline that became the source of 200K liters of crude oil spilled in Saskatchewan, Canada.

Thu, 26 Jan 2017 09:51:25 GMT

UK car investment dips to £1.6B amid Brexit

Investment in the UK's car industry fell to £1.6B in 2016 compared to £2.5B in 2015 due to current uncertainty around Brexit.

Thu, 26 Jan 2017 09:25:34 GMT

Kia Motors to draw up contingency plan

The South Korean auto giant plans to draft Donald Trump a contingency plan amid his intention to tax car production in Mexico.

Thu, 26 Jan 2017 08:41:27 GMT

US electoral fraud inquiry to tighten control over voting

The US President Donald Trump's probe on the ballot-rigging in the 2016 election may lead to the severe voter ID requirements that can spark a backlash in the society.

Wed, 25 Jan 2017 16:42:04 GMT

Foie gras price jumps amid bird flu strain

On the back of the bird flu virus spread across the Europe the foie gras price doubled to $45 in Hungary as more than 3M fowl die.

Wed, 25 Jan 2017 16:16:21 GMT

South Europe to experience global warming negative impacts

The Southern and Southeast Europe will undergo negative effects of the climate change as its regions are most vulnerable to heat waves and dryness.

Wed, 25 Jan 2017 15:34:42 GMT

Theresa May to set up White Paper on Brexit strategy

The British PM Theresa May urges to publish her plan on Brexit in the form of White Paper for the UK Parliament to study the document.

Wed, 25 Jan 2017 15:18:17 GMT

LA policemen remain unpunished for black man killing

The liability of the two police officers for killing a weaponless black man that was considered insane in Los Angeles in 2014 was discharged.

Wed, 25 Jan 2017 14:23:52 GMT

Trump to put his border line closing plan into motion

The US President Donald Trump is eager to take security measures ASAP by hiring 5K more agents and taking control over refugees.

Wed, 07 Sep 2016 12:27:10 GMT

UK manufacturing sector sees contraction worsen in July

Britain's manufacturing production declined at a seasonally adjusted rate of 0.9% month-over-month in July, compared to June's upwardly revised fall of 0.2%, while analysts expected output to contract 0.4% in the reported month. On an annual basis, manufacturing production in the UK rose 0.8% in July, following June's downwardly revised gain of 0.6% and falling behind the 1.6% market forecast.

Tue, 06 Sep 2016 12:30:04 GMT

Energy and metal futures trade mixed on Tuesday

West Texas Intermediate futures traded 0.95% higher at $44.86 per barrel, whereas Brent futures dropped 0.52%, trading at $47.38 per barrel by 12:00 GMT on the London Stock Exchange on Tuesday. Meanwhile, gold prices rose 0.73% to trade at $1,336.0 per troy ounce, and silver prices grew 1.47% to trade at $19.65 per ounce.

Tue, 06 Sep 2016 12:19:03 GMT

German factory orders disappoint in August

German factory orders grew less than expected in August, official figures revealed on Tuesday. According to the German Federal Ministry of Economics and Technology's report German factory orders jumped to a seasonally adjusted 0.2% in August from July's upwardly revised drop of 0.3%. Meanwhile, market analysts expected the country's factory orders to rise 0.5% in the reported month.

Tue, 06 Sep 2016 12:08:03 GMT

Euro zone GDP grows 0.3% in Q2

The Euro zone's economy expanded 0.3% on a seasonally adjusted basis in the Q2, down from last quarter's 0.6% hike, but in line with analysts' expectations. On an annual basis, the region's GDP grew 1.6%, meeting projections. After the release, the Euro was trading at 1.1163 against the US Dollar, 115.40 against the Japanese Yen and 0.8370 against the British

Mon, 05 Sep 2016 14:45:03 GMT

Oil prices jump on Saudi-Russia cooperation

West Texas Intermediate futures traded 1.31% higher at $45.02 per barrel on Monday, whereas Brent futures advanced 0.94% to trade at $47.27 per barrel by 14:00 GMT on the London Stock Exchange after Russia and Saudi Arabia agreed to act together and try to stabilise oil prices. OPEC and non-OPEC countries are set discuss a oil production freeze at the

Mon, 05 Sep 2016 14:21:04 GMT

Euro zone business growth slows in August

Growth in the Euro zone's private sector remained relatively steady in August, according to Markit economics. The headline composite PMI came in at 52.9 in the reported month, following July's 53.2 points and falling behind the 53.3 market forecast. Meanwhile, the services PMI registered 52.8 in August, down from July's 52.9 and below the 53.1 market forecast. 

Mon, 05 Sep 2016 14:10:03 GMT

German services sector continues to expand in August

Services activity in the Euro zone's largest economy, Germany, expanded last month, a survey from Makit Economics revealed on Monday. The services PMI for Germany rose to 51.7 in August from July's 54.4, falling behind the 53.3 market forecast. Meanwhile, the composite PMI came in at 53.3 in the same month, following July's 55.3 and missing the 54.4 forecast.

Mon, 08 Aug 2016 08:33:10 GMT

Trade balance expands in China

Chinese imports showed a 12.5% plunge in July, causing the trade surplus to reach $48.11 billion, which topped market expectations of a $48.00 billion surplus. Exports dropped by 4.4% and missed expectations of a 3.2% upsurge, continuing the gloomy pattern for the fourth consecutive month, which might hint trouble for the world's second largest economy.

Tue, 02 Aug 2016 13:44:04 GMT

Consumer prices remain flat in June

The PCE Price Index, Fed's preferred indicator for gauging inflation, remained steady in June, fresh data showed on Tuesday. Excluding food and energy, the Index rose 1.6% year-over-year in June, unchanged from the previous month and in line with expectations. Month-over-month, the core PCE jumped 0.1% in the reported month, down from the 0.2% rise seen in May.

Tue, 02 Aug 2016 12:49:20 GMT

UK construction activity falls further after Brexit vote

Activity in Britain's construction industry dropped in July amid the country's decision to leave the European Union, official data showed on Tuesday. The Markit/CIPS construction PMI declined to 45.9 points in the reported month, compared to June's reading of 46.0, whereas economic desks anticipated a steeper drop to 42.4 in July. 

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