News

Note: This section contains information in English only.
Thu, 11 Jan 2018 12:16:00 GMT

UK refuses to hold second Brexit referendum

According to the UK Prime Minister Theresa May's spokesman, Britain will not organize a second referendum on Brexit; he added that the government is working hard to negotiate the "best trade deal" for the British citizens.

Thu, 11 Jan 2018 11:03:34 GMT

China supports talks between Seoul and Pyongyang

According to the South Korean President Moon's office, the leader of China Xi Jinping supported inter-Korean negotiations, adding that the normalization of relations should "go in parallel" with the denuclearisation of the peninsula.

Thu, 11 Jan 2018 11:03:13 GMT

Russia denies involvement in Mexican politics

The Kremlin spokesman Dmitry Peskov said on Thursday that Russia did not meddle into Mexican internal affairs on the eve of presidential elections, thus denying the allegation made by the US National Security Adviser General McMaster.

Thu, 11 Jan 2018 10:02:36 GMT

Tesco misses Christmas sales forecast

According to market research conducted this week, the British retailer Tesco did not hit its sales forecasts for Christmas week, as low demand on general goods undermined revenue generated from food sales.

Thu, 11 Jan 2018 10:02:25 GMT

South Korea intends to ban digital currency trading

The world's most popular digital currency Bitcoin lost more than 10%, as South Korea's government revealed its plans to forbid cryptocurrency trading due to concerns over tax evasion on local exchanges.

Thu, 11 Jan 2018 09:14:42 GMT

Report: 500 000 jobs, £50B could be lost due to ‘no-deal' Brexit

According to a report authorised by the Mayor of London, the UK could lose around 500 000 jobs and £50B in twelve years if it does not agree on a trade deal with the EU.

Thu, 11 Jan 2018 08:54:54 GMT

Tesco reports 1.9% increase in like-for-like sales during Christmas

The British retailer Tesco reported on Thursday a 1.9% increase in its like-for-like sales in the UK during Christmas; however, market forecasts were not met.

Thu, 11 Jan 2018 08:10:04 GMT

EU, Iran to meet on Thursday to discuss nuclear deal

EU officials are set to reaffirm their support for the Iranian nuclear deal on Thursday, thus conveying an opposing message to the US that has rejected the agreement.

Thu, 11 Jan 2018 08:04:22 GMT

CAC says Ant Financial failed to comply with information security issues

The Cyberspace Administration of China announced that Alibaba's payment affiliate Ant Financial had failed to comply with the country's standards on personal information security.

Thu, 11 Jan 2018 07:07:41 GMT

Tokyo stocks weaken on Thursday

Tokyo stocks were trading lower in the Asian session on Thursday, as speculations about the end of Japan's quantitative easing were pressuring the Yen lower for the second day.

Thu, 11 Jan 2018 07:05:30 GMT

China, Cambodia sign aid and investment agreements

China and Cambodia have signed 19 new aid and investment agreements, thus strengthening their financial cooperation that is estimated to reach $6B by 2020.

Thu, 11 Jan 2018 06:14:24 GMT

Ford to put automatic emergency brakes on two models in 2019

Ford Motor stated that it would make auto emergency brakes on two key next year's models, in a bid to keep pace with rivals in providing the new technology for avoiding vehicle collisions.

Thu, 11 Jan 2018 05:53:11 GMT

LG to begin operating washing machine factory in US in Q4 2018

The South Korean firm LG Electronics intends to start operating new washing machine factory in the US in the December quarter of 2018, the company's CEO stated.

Thu, 11 Jan 2018 05:24:20 GMT

Canada even more convinced US will withdraw from NAFTA

Canada was even more convinced that the US President Donald Trump is likely to announce that his country intends to withdraw from NAFTA, two government sources stated.

Thu, 11 Jan 2018 05:19:12 GMT

Nvidia upgrades software for graphics processors

Nvidia stated that it updated the software for graphics processors in reply to the security threat, but noted that the company's chips were not at the same risks as Intel's.

Thu, 11 Jan 2018 04:25:21 GMT

Hyundai invests in ride-haling company Grab

Hyundai Motor stated that it invests in the ride-hailing company Grab based in Singapore, aiming to diversify after a slump of sales in China.

Thu, 11 Jan 2018 04:21:37 GMT

Xerox in negotiation on deal with Japan's Fujifilm

Printer maker Xerox was in negotiation to make a deal with Japan's camera producer Fujifilm, which would involve a change in Xerox control, according to sources familiar with the matter.

Thu, 11 Jan 2018 02:52:07 GMT

Australian retail sales rebound in November

The ABS reported on Thursday that retail sales jumped 1.2% in November, following the preceding month's 0.5% increase, while analysts anticipated a gain of 0.4%.

Thu, 11 Jan 2018 02:51:08 GMT

Mexico to leave NAFTA if Trump triggers US withdrawal

Official Mexican sources reported that Mexico would leave the NAFTA re-negotiation if the US President Donald Trump announces the withdrawal of the US.

Wed, 10 Jan 2018 20:54:33 GMT

Manhattan to experience increased rent growth

On Wednesday, Cushman & Wakefield reported that the upcoming unprecedented wave of new construction in Manhattan would lead to steep rent growth.

Wed, 10 Jan 2018 20:53:29 GMT

Toyota, Mazda announce plan for US joint-venture assembly plant

Toyota and Mazda reported on Wednesday they would build their joint-venture assembly plant worth $1.6B in Alabama.

Wed, 10 Jan 2018 20:09:31 GMT

Brazilian police call US region's major illegal gun supplier

A report released by the Brazilian Federal Police on Wednesday showed that the US was the biggest supplier of illegal guns to Brazil.

Wed, 10 Jan 2018 19:56:36 GMT

Canada forecasts US withdrawal from NAFTA

Sources close to the matter reported that Canada expected the US President Donald Trump to announce the withdrawal of the United States from the NAFTA soon.

Wed, 10 Jan 2018 18:50:54 GMT

California proposes $131.7B budget for 2018-19

The Governor of California Jerry Brown proposed a general fund budget of $131.7B for the following 2018-19 fiscal year, a 5.0% rise from the ongoing fiscal year.

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