News

Note: This section contains information in English only.
Tue, 16 Jan 2018 18:05:17 GMT

China's Xi and Trump discuss North Korea

The US President Donald Trump and the Chinese President Xi Jinping on Monday discussed tensions between North Korea and South Korea, the White House says.

Tue, 16 Jan 2018 18:04:39 GMT

Neste sells US confectionery business

Swiss food group Nestle plans to sell its US candy business to Ferrero for $2.8B, the Chief Executive Officer Mark Schneider says.

Tue, 16 Jan 2018 17:35:02 GMT

Citigroup posts $18B losses on one-time items

Citigroup reported an $18B quarterly loss due to charges, caused by a new tax law in the US, but the bank's management signaled that it would set higher financial performance goals.

Tue, 16 Jan 2018 17:34:03 GMT

IBM, Maersk to launch trade platform based on blockchain

The largest container shipping company A.P. Moller-Maersk and IBM are set to create a blockchain-based trading platform to accelerate trade, save billions of the US dollars.

Tue, 16 Jan 2018 16:29:23 GMT

GM expects earnings to be flat in 201

General Motors shares grew on Tuesday, as the company announced expectations for earnings to be mostly flat this year, compared with 2017, and projected an increase in 2019.

Tue, 16 Jan 2018 16:28:28 GMT

GE to take $6.2B charge from insurance portfolio

General Electric is expected to take a $6.2B hit in its Q4 results for a decade-old insurance portfolio, which covers long-term healthcare costs.

Tue, 16 Jan 2018 15:34:33 GMT

Citigroup's profit tops forecasts

On Tuesday, Citigroup posted a quarterly profit, topping the Wall Street estimates as growth in the global consumer banking business, driven by Asia's solid gains.

Tue, 16 Jan 2018 15:28:52 GMT

Syria's opposition urges Trump, EU to pressure Russia, Iran

Syria's opposition called on the US President Donald Trump and the European Union to put more pressure on Iran's Bashar al-Assad and his Russian allies over talks to end Syrian civil war.

Tue, 16 Jan 2018 14:32:35 GMT

South Africa plans to offer free university education

On Tuesday, South Africa's Finance Minister Malusi Gigaba stated that the government considered introducing free university education aimed at students from poor households.

Tue, 16 Jan 2018 14:27:48 GMT

Global automakers to invest around $90B in EVs

Ford Motor became the latest carmaker to invest in batteries and electric vehicles, totalling the investment amount with $90B, a Reuters analysis showed.

Tue, 16 Jan 2018 13:33:24 GMT

Uber to introduce six-hour mandatory breaks for UK drivers

Uber stated that its UK drivers would have now a mandatory six-hour break, after 10 hours of passenger carriage in total, responding to a criticism the taxi app faced over excessive labour hours.

Tue, 16 Jan 2018 13:22:22 GMT

PM May's spokesman says Britain to leave EU

On Tuesday, a spokesman for the Prime Minister Theresa May stated that Britain would leave the European Union in response to the EU leader Donald Tusk's suggestion it could change its mind.

Tue, 16 Jan 2018 12:22:02 GMT

Japanese top business lobby urges firms to lift wages by 3%

Japanese top business lobby has called on companies on Tuesday to raise wages by 3% during the annual negotiations with unions over salary, as the government seeks to encourage inflation.

Tue, 16 Jan 2018 11:10:27 GMT

ECA warns about flawed ECB's crisis management procedure

The European Court of Auditors said on Tuesday that the crisis management procedure of the European Central Bank was deficient and inefficiently implemented.

Tue, 16 Jan 2018 11:09:10 GMT

BOE Deputy Governor: financial exposure to Carillion is ‘entirely manageable'

Sam Woods, the Deputy Governor of the Bank of England, explained on Tuesday that the exposure of insurers and banks to the bankruptcy of Carillion was ‘entirely manageable'.

Tue, 16 Jan 2018 10:36:01 GMT

Kosovan Serb leader Ivanovic shot dead in Mitrovica

On Tuesday, the Kosovo Serb leader Oliver Ivanovic, accused of murdering ethnic Albanians during the 1998-1999 war, was shot dead in Mitrovica.

Tue, 16 Jan 2018 10:29:07 GMT

UAE to file complaint against Qatar at UN aviation agency

The United Arab Emirates is eager to file an aviation complaint against Qatar on Tuesday, following Qatari fighter jets' interception of the Emirati civilian aircraft during its flights to Bahrain.

Tue, 16 Jan 2018 09:21:03 GMT

Two dead as blast destroys buildings in Antwerp

Two people were reported to be dead and 14 more injured as a blast had destroyed three buildings in Belgium's city of Antwerp on Monday.

Tue, 16 Jan 2018 09:13:56 GMT

Oil spill from sunk tanker unlikely to reach Japan coast

Japan viewed little chance of the oil slick from the Iran sunk tanker in the East China Sea reaching the Japanese coast, the environment ministry stated on Tuesday.

Tue, 16 Jan 2018 08:33:29 GMT

Google makes no changes to China's mapping platform

Google stated on Tuesday that it had made no changes to China's mapping platform, denying allegations it was re-launching that function in the country that had banned some Google services.

Tue, 16 Jan 2018 08:28:23 GMT

Czech PM asks lawmakers to lift his parliamentary immunity

On Tuesday, the Czech Prime Minister Andrej Babis has requested lawmakers to withdraw his parliamentary immunity as he is ready to face the fraud allegations.

Tue, 16 Jan 2018 07:32:13 GMT

US calls on AT&T to cut commercial links to Huawei

US lawmakers has urged the wireless carrier AT&T to cut its commercial ties with China's phone maker Huawei, citing national security concerns.

Tue, 16 Jan 2018 07:30:10 GMT

Philippines closes schools amid volcano eruption

On Tuesday, Philippines shut down more schools as its most active volcano has spewed lava and ashes, covering the nearby towns.

Tue, 16 Jan 2018 05:51:32 GMT

Porsche sets new sales record in 2017

The German car manufacturer Porsche AG has increased its sales by 4% year-on-year in 2017, thus delivering around 246 000 cars to customers globally.

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