News

Note: This section contains information in English only.
Sat, 10 Mar 2018 06:32:58 GMT

Azerbaijan to conduct military exercises

Azerbaijan plans to conduct large-scale military exercises with 25,000 personnel, the Azerbaijani Defence Ministry says.

Sat, 10 Mar 2018 05:14:51 GMT

EU to take US to WTO over aluminium, steel tariffs

The EU is ready to take the US to the WTO court over aluminium and steel import tariffs, the European Commission Vice President Jyrki Katainen says.

Sat, 10 Mar 2018 05:13:54 GMT

Russia and Ethiopia to boost cooperation in nuclear energy

Russia and Ethiopia plan to boost cooperation in the nuclear energy sector as Ethiopia wants to increase its capacity to 37,000 MW by 2037 from the current 4,200 MW.

Sat, 10 Mar 2018 03:34:55 GMT

Best Buy completes turnaround, ready to compete with Amazon.com

The CEO of Best Buy stated that the company's five-year turnaround was completed and it is set to compete with Amazon.com to prove that the US retail is not a situation of "winner takes all".

Sat, 10 Mar 2018 03:31:17 GMT

S&P: US tariffs to hit state, budgets

The decision of the US President Donald Trump to set tariffs on imports of aluminium and steel is likely to result in a slower than expected budget forecasts, S&P Global Ratings stated.

Fri, 09 Mar 2018 20:51:41 GMT

Saudis, UK sign more than $2B worth deals

Saudi Arabia and Britain signed more than $2B worth commercial agreement during Crown Prince's visit to London, a joint statement showed.

Fri, 09 Mar 2018 20:51:21 GMT

Oil prices grow $2 on market optimism

Oil prices increased nearly $2, rebounding from the two-day period of declines, as Wall Street surged on solid US job market data, while investors anticipated geopolitical tensions to ease.

Fri, 09 Mar 2018 20:18:29 GMT

Atlanta Fed diminishes US Q1 GDP forecast

The US economy is likely to grow at a 2.5% yearly pace in the Q1, as the wage growth weakened in February, lowering expected investment and consumer spending, the Atlanta Fed stated.

Fri, 09 Mar 2018 20:13:01 GMT

North Korea's Foreign Minister expected to visit Sweden

Ri Yong Ho, the North Korean Foreign Minister, is likely to visit Sweden in the very near term, a local newspaper reported, quoting sources.

Fri, 09 Mar 2018 19:01:21 GMT

Sunrun seeks $500M for rooftop solar expansion

The largest US residential-solar business Sunrun was seeking about $500M to finance more rooftop-power systems, according to sources familiar with the matter.

Fri, 09 Mar 2018 19:00:46 GMT

Trian sells $1.1B worth stake in Mondelez

Trian sold about $1.1B worth of the firm's holdings in snackmaker Mondelez over the past ten years, as its co-founder Nelson Pelt quitted the board.

Fri, 09 Mar 2018 17:59:57 GMT

Italian PM expects EU to take common stance on US tariffs

Italy's PM Paolo Gentiloni stated that the EU is set to decide at the next meeting on its common position responding to the US decision to set tariffs on aluminium and steel imports.

Fri, 09 Mar 2018 17:59:25 GMT

Goldman CEO prepares to quit at year end

Lloyd Blankfein was in preparation to step down as the CEO of Goldman Sachs Group at the end of 2018, according to sources familiar with the matter.

Fri, 09 Mar 2018 17:19:47 GMT

Canada's building permits grow 5.6% in January

Statistics Canada stated that the value of country's building permits surged 5.6% in January, owing to increased construction intentions in Ontario.

Fri, 09 Mar 2018 17:06:51 GMT

Canada's economy adds 15.4K jobs last month

Statistics Canada stated that the country's economy added 15.4K jobs in the month of February, while economists anticipated a 20K gain.

Fri, 09 Mar 2018 17:06:16 GMT

Britain's manufacturing production grows in January

The Office for National Statistics stated on Friday that production in Britain's manufacturing sector rose 0.1% in January, missing expectations for a 0.2% increase.

Fri, 09 Mar 2018 15:11:50 GMT

The United States adds 313K jobs in February

US private companies created 313K new positions in February after adding 239K jobs in the prior month, topping analysts' forecasts for the reading of 205K.

Fri, 09 Mar 2018 15:11:20 GMT

Canada's economy fills 15.4K jobs in February

Canada's economy added 15.4K new positions last month, compared to the drop of 88K in January, whereas analysts anticipated a gain of 21.3K new jobs.

Fri, 09 Mar 2018 14:35:50 GMT

Turkish first $20B nuclear plant faces delay

The Turkish planned $20B Russian-built power factory may not face its deadline of 2023 due to Rosatom's struggles to find local partners.

Fri, 09 Mar 2018 14:28:24 GMT

EU seeks to respond to US steel tariffs

The EU's Trade Chief stated that the bloc sought to be excluded from the US aluminium and steel tariffs, adding it would refer to the WTO to impose measures, in case Washington ignored the request.

Fri, 09 Mar 2018 13:33:49 GMT

Merkel urges US to exclude EU from tariffs

Germany's Chancellor Angela Merkel called on the United States on Friday to exclude the European Union from steel tariffs imposition to defuse trade dispute.

Fri, 09 Mar 2018 13:29:28 GMT

Pope Francis heads to Baltic countries in September

On Friday, the Vatican stated that Pope Francis is planning a visit to the Baltic States in September, for the first time in 25 years.

Fri, 09 Mar 2018 12:27:28 GMT

Blackstone, Shell work on $10B bid for BHP's shale assets

Sky News reported on Thursday that the US private equity firm Blackstone and Shell were seeking for a joint $10B bid for the US shale assets from BHP Billiton.

Fri, 09 Mar 2018 12:23:09 GMT

A1 Telekom Austria accused of breaching data privacy rules

According to the Austrian data protection authority, the part of America Movil's A1 Telekom Austria is accused of violating of data privacy rules, illegally storing its customers' data.

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