News

Note: This section contains information in English only.
Wed, 24 May 2017 16:26:23 GMT

US existing-home sales drop in April

The National Association of Realtors reported that existing-home sales in the US fell to a seasonally adjusted annualised pace of 5.57K units last month, compared to March's 5.70K unit pace.

Wed, 24 May 2017 15:51:27 GMT

US existing-home sales drop in April

The National Association of Realtors reported that existing-home sales in the US fell to a sesonally adjusted annualised pace of 5.57K units last month, compared to March's 5.70K unit pace.

Wed, 24 May 2017 15:51:14 GMT

IKEA names Jesper Brodin as new CEO

IKEA, Sweden's flatpack furniture giant, appointed Jesper Brodin, the Managing Director of the company's Swedish unit, as its new Chief Executive Officer.

Wed, 24 May 2017 15:14:56 GMT

US crude oil inventories fall more than expected

The EIA reported on Wednesday that US crude oil inventories dropped 4.4M barrels last week, following the prior week's fall of 1.8M barrels and surpassing expectations for a 2.4M barrel decline.

Wed, 24 May 2017 15:10:19 GMT

Bank of Canada keeps rate on hold

As markets expected, the Bank of Canada left its benchmark Overnight Rate at a record low of 0.50% at its meeting on Wednesday.

Wed, 24 May 2017 14:16:35 GMT

Dubai seeks to form $1B shipping investment fund

Dubai is planning to create a $1B investment fund aimed on shipping as it seeks to develop the maritime sector of the Gulf city and overcome a global industrial recession.

Wed, 24 May 2017 14:00:52 GMT

Algeria appoints Tebboune as new Prime Minister

On Wednesday, the Algerian Presidency replaced the Prime Minister Abdelmalek Sellal with the ex-Housing Minister Abdelmadjid Tebboune amid the Cabinet reshuffle.

Wed, 24 May 2017 13:34:13 GMT

Pope Francis calls US President to be peacemaker

Pope Francis, at the highly expected first meeting with Donald Trump, called the US President to be a peacemaker, presenting him a small sculptured oil tree saying it symbolised "peace".

Wed, 24 May 2017 13:20:05 GMT

Nepali PM quits before local elections' final round

On Wednesday, the Prime Minister of Nepal Prachanda stepped down from his post right ahead of the final round of domestic elections following a power-sharing agreement with Nepal's Congress Party.

Wed, 24 May 2017 12:34:34 GMT

France claims Manchester attacker linked to ISIS

According to the French Minister's statement on Wednesday, a suicide bomber who left 22 people dead at Manchester's concert is connected to the Islamic State and has presumably visited Syria.

Wed, 24 May 2017 12:26:20 GMT

Tiffany & Co shares drop 5.6%, disappointing markets

Tiffany & Co shares plunged 5.6% to $87.95 on Wednesday following its lower-than-expected Q1 sales report; the result caused by lower expenses of the company's domestic customers and tourists in the Americas market.

Wed, 24 May 2017 11:26:43 GMT

GE clinches $267M deal to construct gas turbines in Dammam

General Electric signed a $267M joint venture deal with the Dussur industrial development firm, aiming to build gas turbines in the Saudi Arabian city of Dammam.

Wed, 24 May 2017 11:19:50 GMT

British Parliament closes to public visits amid increased security threat

On Wednesday, the UK Parliament announced that it was immediately closed to any public visits amid raised security threat level on the back of the Manchester suicide bombing.

Wed, 24 May 2017 10:08:19 GMT

Top Daesh member killed

On Wednesday the Syrian military announced that it had gotten rid of Daesh's "minister of war" and other long standing members of the group in an operation near Aleppo.

Wed, 24 May 2017 10:07:13 GMT

Duterte considers total martial law

The President of the Philippines Rodrigo Duterte has announced on Wednesday that he is not ruling out placing all of the country under martial law, if the extremist movements spread from the south.

Wed, 24 May 2017 09:24:13 GMT

Taiwan grants permission to same-sex marriages

The Constitutional Court of Taiwan approved a new law granting the same-sex couples all the rights to legally marry each other.

Wed, 24 May 2017 09:15:02 GMT

French emergency powers extended after Manchester bombing

On Wednesday, the President Emmanuel Macron announced that France extended its emergency powers established in 2015 until November 1 with intention to take countermeasures against terrorist attacks.

Wed, 24 May 2017 08:31:37 GMT

Brazilian JBS hires Bradesco to plan its asset sale

Brazil's JBA together with its controlling shareholders hired an investment banking unit of Banco Bradesco to help establishing its asset sale plan as the company faced financial fallout after a corruption scandal.

Wed, 24 May 2017 08:18:15 GMT

Emaar Malls to buy 51% Namshi stake for $151M

Dubai's Emaar Malls is eager to buy a 51% of the fashion website Namshi stakes from Germany's Rocket Internet for the price of $151M amid an increasing competition for tech deals in the Middle East.

Wed, 24 May 2017 07:32:26 GMT

UK deploys forces after Manchester suicide attack

Britain deployed its troops on Wednesday to the country's key sites with intention to prevent terrorist attacks after a bomb exploded at the Manchester Arena, leaving 22 people dead including children.

Wed, 24 May 2017 07:22:13 GMT

Apple clinches deal with Nokia after patent dispute

Apple ended patent dispute with Nokia and came to an agreement for partnership with the Finnish telecom equipment manufacturer, planning to buy more of the company's network services and products.

Wed, 24 May 2017 06:33:06 GMT

Trump to meet Pope Francis in Vatican on Wednesday

The US President Donald Trump is set to exchange the views with Pope Francis during his first visit to Vatican on Wednesday.

Wed, 24 May 2017 06:29:25 GMT

Uber unwittingly underpaid NYC drivers for nearly three years

On Tuesday, Uber Tech stated that the company unintentionally underpaid its New York City drivers for over two years, adding that an error could cost Uber about $10M.

Wed, 24 May 2017 04:56:11 GMT

Rodrigo Duterte goes to war

The President of the Philippines Rodrigo Duterte has announced a martial rule in the southern island of Mindanao and ordered his troops to break the resistance of the Islamic State-allied forces.

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