News

Note: This section contains information in English only.
Sun, 08 Apr 2018 04:11:29 GMT

China continues to slowly increase forex reserves

According to economists' estimates, China's forex reserves rose insignificantly in March, as the US Dollar continued to weaken and two countries stood on the brink of a trade war.

Sun, 08 Apr 2018 04:06:11 GMT

Saudi Aramco to develop biggest US refinery

The CEO of Saudi Aramco subsidiary Motiva Enterprises Brian Coffman announced on Sunday that his company took first steps to extend the largest US refinery's capacity from 600 to 1.5M bpd.

Sun, 08 Apr 2018 03:27:04 GMT

Norway's PM: US protectionism may lead to war, regression

Erna Solberg, the Prime Minister of Norway, came down strongly on the growing trade protectionism by the Trump administration, warning that it might lead to war and regression.

Sun, 08 Apr 2018 03:20:45 GMT

EU official: Italy must follow budget commitment

Valdis Dombrovskis, the EC Commission Vice President, stated that Italy must follow the country's deficit-reduction pledge, as there was no room for flexibility.

Sun, 08 Apr 2018 02:33:09 GMT

Angola, Algeria confirm potential for exchange between countries

Angola and Algeria confirmed the great potential for bilateral exchange, stressing the importance of improving political relations and economic cooperation.

Sun, 08 Apr 2018 02:28:47 GMT

Egypt's court allows Careem, Uber to proceed operations

The Egyptian Court ruled that the judicial decision to halt the licenses of Careem and Uber should not be implemented, allowing the ride-hailing firms to continue operations.

Sat, 07 Apr 2018 20:14:57 GMT

Netherlands to tighten border control amid Muenster incident

The Dutch counter-terrorism official Dick Shoof said on Saturday that Netherlands would increase border control with Germany amid a supposed terrorist attack in Muenster that happened earlier this day.

Sat, 07 Apr 2018 20:06:27 GMT

Kyrgiz President fires security chief

The President of Kyrgyzstan Sooronbai Jeenbekov fired on Saturday chairman of the State Committee of National Security Abdil Segizbayev as a part of political shifts within ruling Social Democratic party.

Sat, 07 Apr 2018 19:00:10 GMT

White House gives license for Taiwan submarine project

According to the Taiwan's Central News Agency, the White House has approved provision of licenses to American manufacturers that are needed to sell technology to Taiwan that would enable them to build submarines

Sat, 07 Apr 2018 18:59:47 GMT

Norway to increase investments in unlisted renewables

The Norwegian ruling Conservative party voted on Saturday that country's $1T sovereign fund should be permitted to make investments in alternative renewable projects.

Sat, 07 Apr 2018 18:12:16 GMT

Tanker crashes in Istanbul's Bosphorus strait

The CNN Turk reported on Saturday evening that the "Vitaspirit" tanker under a Maltese flag crashed in the Bosphorus strait on the outskirts of Istanbul in result of its steering equipment jamming.

Sat, 07 Apr 2018 18:03:54 GMT

Lula ready to give up himself to police

The former Brazilian President Luiz Inacio Lula da Silva agreed on Saturday to surrender to police after receiving Supreme Court's decision that rejected his appeal not to serve a 12-year imprisonment.

Sat, 07 Apr 2018 17:05:00 GMT

Erdogan says France incites terrorists

The Turkish President Tayyip Erdogan stated on Saturday that France is inciting terrorists, such as the Kurdish YPG and its political division PYD by welcoming them at the Elysee Palace.

Sat, 07 Apr 2018 17:00:38 GMT

Fed's Evans stands for rate hikes

The President of Chicago Federal Reserve Bank Charles Evans said on Saturday he is confident that inflation will meet the Fed's 2% target and that steady rate hikes will be reasonable.

Sat, 07 Apr 2018 16:09:53 GMT

Air France employees strike against low salaries

Nearly a third of Air France flights were grounded on Saturday as employees organized another strike demanding from management a 6% pay rise.

Sat, 07 Apr 2018 16:03:38 GMT

People die as car runs into crowd in Muenster

According to German police, several people, including the driver, lost their lives, as car ran into crowd in the city of Muenster in western Germany. The cause of accident has not been established yet.

Sat, 07 Apr 2018 15:08:46 GMT

Brazilian top courts rejects Lula's plea

The Supreme Court of Brazil rejected on Saturday the latest appeal submitted by the country's former President Luiz Inacio Lula da Silva to cancel an order of a lower court for him to begin serving a 12-year imprisonment.

Sat, 07 Apr 2018 15:00:39 GMT

Germany's debt falls rapidly because of high tax revenues

According to the Der Spiegel newspaper, Germany's state debt is decreasing faster than expected because of greater tax revenues and, for this reason, should fall below the EU target threshold already in 2019.

Sat, 07 Apr 2018 14:08:42 GMT

Deutsche Post Group's freight unit needs major improvements

The CFO of Deutsche Post DHL Group Melanie Kreis stated on Saturday that its freight unit requires significant improvements in order to be able to meet company's 2020 goals.

Sat, 07 Apr 2018 14:03:58 GMT

India to build railroad to Kathmandu

In the result of talks between the Nepali Prime Minister K.P. Sharma Oli and his Indian colleague Narendra Modi, the latter agreed to construct a railroad to Kathmandu and open internal waterways for Himalayan nation.

Sat, 07 Apr 2018 13:03:30 GMT

Turkey to expel Afghan migrants back to Kabul

The Interior Ministry of Turkey announced on Saturday it will deport nearly 600 Afghan migrants who entered eastern Turkey through the border with Iran in coming days.

Sat, 07 Apr 2018 13:03:24 GMT

Deutsche Bank board to discuss CEO replacement tomorrow

According to two sources familiar with the matter, Deutsche Bank's supervisory board called by Chairman Paul Achleitner could discuss replacement of the current CEO John Cryan tomorrow evening.

Sat, 07 Apr 2018 12:06:19 GMT

Puigdemont awaits court's decision in Berlin

The former leader of Catalonia Carles Puigdemont stated on early Saturday he would stay in Germany while a local court makes a decision whether to extradite him to Spain or not. Nevertheless, he hoped to come back to Belgium eventually.

Sat, 07 Apr 2018 12:06:12 GMT

Russia's diplomats want to discuss with Johnson Skripal case

According to the RIA news agency, the Russian embassy in Britain send a request to the UK Foreign Minister Boris Johnson asking him to meet its envoy Alexander Yakovenko to discuss poisoning of Sergei Skripal in Salisbury.

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