News

Note: This section contains information in English only.
Wed, 20 Dec 2017 10:58:37 GMT

Elbit Systems's subsidiary wins $176M US contract

US subsidiary of the Israeli defence company Elbit Systems won the DynCorp International contract worth up to $176M to provide back-up services for the US Military's UC-35 and C-26 aircraft fleet.

Wed, 20 Dec 2017 10:34:11 GMT

Myanmar bans UN rights investigator just ahead of visit

Myanmar barred the UN independent human rights investigator from visiting the country just ahead of her arrival in January, saying it would not seek any cooperation with her.

Wed, 20 Dec 2017 10:26:44 GMT

President Trump plans to arrive in Britain in February

The US President Donald Trump is planning his visit to Britain in February on the back of the new US embassy opening in London, Daily mail reported on Wednesday.

Wed, 20 Dec 2017 09:34:01 GMT

Turkish Foreign Minister to travel to NY

On Thursday, the Turkish Foreign Minister is set to attend the United Nations meeting in New York over the US decision to recognise Jerusalem as the Israeli capital.

Wed, 20 Dec 2017 09:28:58 GMT

French watchdog hits Johnson&Johnson with $30M fine

The US healthcare company Johnson&Johnson was fined $29.62M by the French competition watchdog over the case that involved a pain killer product durogesic.

Wed, 20 Dec 2017 08:33:36 GMT

EU banks to be allowed to operate normally in UK after Brexit

According to the BBC report, the Bank of England is planning to allow the EU banks to operate in the United Kingdom as normal after Britain's withdrawal from the bloc.

Wed, 20 Dec 2017 08:22:24 GMT

South Korea: military drills delays depend on KP

South Korea stated on Wednesday that any delay in the country's joint military drills with the US would depend on the North Korean behaviour during the Winter Olympics in 2018.

Wed, 20 Dec 2017 07:33:29 GMT

Catalans to vote in disputed election on Thursday

Catalonia is set to vote for a new administration on Thursday in a close-run election that is believed to resolve the Spanish worst crisis in ten years, following the region's independence proclamation.

Wed, 20 Dec 2017 07:25:56 GMT

Subaru launches inquiry into mileage cheating

Subaru has launched an investigation into the alleged data falsification by its inspectors over car mileage readings during the last inspections conducted on the company's vehicles.

Wed, 20 Dec 2017 06:33:46 GMT

Honduran President recognised as disputed election's winner

On Tuesday, the Honduran President Juan Orlando Hernandez was recognised by Mexico as the last month's election winner, strengthening his position after he had declared himself the President-elect.

Wed, 20 Dec 2017 06:28:03 GMT

Samsung builds up world's smallest DRAM chip

Samsung Electronics stated on Wednesday that it had developed the smallest DRAM chip in the world, tracking towards a record 2017 operating profit, boosted by the semiconductor business.

Wed, 20 Dec 2017 05:32:22 GMT

Japan Display seeks $1.8B-plus investment from China firms

Japan Display is discussing a more than $1.8B investment from three China's panel producers, including the BOE Technology Group, Kyodo News reported.

Wed, 20 Dec 2017 05:26:26 GMT

Korean Air to get first Bombardier C series aircraft

On Friday, Korean Air is set to receive the first Bombardier C Series jet, following months of delay over engine issues with the second delivery to take place shortly after.

Wed, 20 Dec 2017 03:52:28 GMT

Saudis to slow austerity drive, boost spending in 2018 budget

Saudi Arabia is set to retard an austerity drive and raise government spending in 2018, while struggling to lift the country's economy out of recession amid low oil prices.

Wed, 20 Dec 2017 03:52:03 GMT

EU Commission to punish Poland on legal reforms

The EU executive is likely to trigger a process to strip Poland of the country's voting rights within the bloc, as tensions between Warsaw and Brussels escalate.

Wed, 20 Dec 2017 03:33:55 GMT

Strong global economy, solid package volume encourage FedEx profit

FedEx said that the company's quarterly profit marked a stronger-than-anticipated increase due to solid global demand and higher package volumes in the holiday season.

Wed, 20 Dec 2017 03:32:38 GMT

BoE to allow European banks to operate as normal after Brexit

The Bank of England is expected to unveil plans to allow the EU banks to operate in Britain as normal after it quits the bloc, even if no deal is reached.

Tue, 19 Dec 2017 21:03:20 GMT

US business borrowing to finance investment jumps 17%

The Equipment Leasing and Finance Association reported on Tuesday that borrowing by US companies for capital investment surged 17% year-over-year in November.

Tue, 19 Dec 2017 21:01:19 GMT

Analysts forecast less affordable housing following US tax overhaul

An opinion poll released on Tuesday revealed that nearly half of US real estate analysts expected the new tax code to make homes less affordable.

Tue, 19 Dec 2017 20:20:30 GMT

Peter Terium leaves CEO post at Innogy

Germany's energy company Innogy reported on Tuesday that its CEO Peter Terium would leave the company immediately, following the recent profit warning for both 2017 and 2018.

Tue, 19 Dec 2017 20:19:44 GMT

US House of Representatives approves sweeping tax overhaul

On Tuesday, the US House of Representatives approved the most sweeping tax overhaul, forwarding the bill to the Senate.

Tue, 19 Dec 2017 18:58:04 GMT

French ministers: no corruption law overhaul for now

On Tuesday, two French ministers told the AFA (Agence Française Anticorruption) that they did not plan to revamp legislation to facilitate the process of targeting corrupt overseas companies.

Tue, 19 Dec 2017 18:57:38 GMT

Lufthansa to secure EU approval for LGW acquisition

According to people with knowledge on the matter, Lufthansa is to gain EU antitrust approval for the acquisition of Air Berlin's subsidiary LGW.

Tue, 19 Dec 2017 17:54:57 GMT

UN to move around 10K illegal migrants from Libya in 2018

On Tuesday, a senior United Nations official revealed the organisation's plans to move around 10K illegal refugees from Libya in 2018.

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