News

Note: This section contains information in English only.
Mon, 17 Jun 2019 05:55:53 GMT

Intel triggers project to aid Israeli tech firms

On Sunday, Intel Corp has rolled out a project to help Israeli tech start-ups develop their technologies in autonomous and artificial intelligence systems, planning to expand the scheme in other countries.

Mon, 17 Jun 2019 05:18:47 GMT

Huawei prepares for up to 60% drop in international shipments

Huawei Technologies is getting ready for a 40%-60% drop in its international smartphone shipments amid the ban put by Washington on the Chinese company, which halts the US suppliers from cooperation with it, citing security concerns.

Mon, 17 Jun 2019 04:39:48 GMT

Deutsche Bank to create €50B bad bank

Deustche Bank is set to overhaul the trading operations by establishing a "bad bank", where it would hold assets worth up to €50B, according to the Financial Times.

Mon, 17 Jun 2019 02:37:28 GMT

UK companies to cut investment markedly

The UK companies look likely to cut their investment the most since 2009 this year, as the crisis of Brexit drags on, weighing over the future economic growth prospects, the BCC survey revealed.

Sun, 16 Jun 2019 19:01:10 GMT

Vodafone rolls out 5G network in Spain

Vodafone Espana, in cooperation with the Chinese telecom company Huawei, has rolled out the first commercial 5G network in Spain, making Spain one of the first countries in Europe to launch 5G service.

Sun, 16 Jun 2019 18:01:34 GMT

Estonia, Denmark to improve bilateral ties

The Estonian President Kersti Kaljulaid and the Queen of Denmark Margrethe II agreed to strengthen bilateral relations during a meeting in Tallinn, Estonia.

Sun, 16 Jun 2019 17:03:55 GMT

China, Qatar pledge to boost cooperation

The Chinese President Xi Jinping and the Qatari Emir Sheikh Tamim Bin Hamad Al-Thani pledged to deepen political and economic cooperation between the two countries.

Sun, 16 Jun 2019 16:16:03 GMT

China's FedEX investigation not related to retaliation

China's launched probe into FedEx misdirected mail is not a retaliation to the United States, the Chinese news outlet Xinhua stated on Sunday, despite worsening ties between Washington and Beijing due to trade war.

Sun, 16 Jun 2019 14:51:12 GMT

China ready for long trade battle with US

According to the Chinese Communist Party journal, China is ready for the long economic fight with the United States, as the Asian country is not set to give way on its major principles in negotiations with Washington.

Sun, 16 Jun 2019 13:51:31 GMT

Hong Kong black-clad protesters seek for leader resignation

On Sunday, thousands of the Hong Kong black-clad protesters demanded the city's leader resignation due to her bill handling that could allow extradition to China, sparking the most violent outcry in decade.

Sun, 16 Jun 2019 12:50:29 GMT

Apollo aims to finance Dish Network bid for Sprint, T-Mobile assets

Apollo Global Management, the private equity group, has entered talks with Dish Network, the satellite TV provider, over financing its bid for the wireless assets that are set to be divested in the T-Mobile and Sprint proposed merger deal.

Sun, 16 Jun 2019 12:05:46 GMT

Turkey slams Moody's after rating cut

Moody's decision to downgrade Turkey's credit rating to junk rating B1 from Ba3 raises questions about agency's objectivity and neutrality, the Ministry of Treasury and Finance reports.

Sun, 16 Jun 2019 11:17:19 GMT

India foreign exchange reserves rise to $423.5B

India's foreign exchange reserves have increased by $1.68B to $423.55B in June, a decline from a previous year high of $426.028 in April, the Reserve Bank of India reports.

Sun, 16 Jun 2019 10:04:55 GMT

Boeing to acquire EnCore Group

The US aircraft manufacturer Boeing signed a deal to acquire aerospace interiors producer EnCore Group as the company continues to follow its vertical integration strategy.

Sun, 16 Jun 2019 08:57:09 GMT

Algeria FDI rises in 2018

Foreign direct investment in Algeria rose by 22% to $1.5B in the first five months of 2019, compared to the prior year, the National Office of Statistics reports.

Sun, 16 Jun 2019 08:27:02 GMT

Kenya to grow 6.3% in 2019

The economy of Kenya is expected to expand 6.3% in the current year, the same pace as in 2018, the Cabinet Secretary for the National Treasury Henry Rotich says.

Sun, 16 Jun 2019 07:15:19 GMT

Israel cuts $903M from state budget to reduce deficit

Israel's Ministry of Finance plans to introduce several initiatives to cut $903M from the state budget to reduce the budget deficit to 3.8% from a prior figure of 4%.

Sun, 16 Jun 2019 06:00:18 GMT

China industrial output rises

The Chinese industrial output expanded 5% in May, compared to the same period the previous year, after an increase of 5.4 % in April, the National Bureau of Statistics reports.

Sun, 16 Jun 2019 05:20:51 GMT

China starts investigation of FedEx

The Chinese government has started an investigation of FedEx after the delivery company failed to deliver express packages to designated addresses in China.

Sun, 16 Jun 2019 04:22:17 GMT

China fiscal revenue increases

China's fiscal revenue increased 3.8% to $1.3T in the first five months of the current year, compared to the same period in 2018, the Ministry of Finance reports.

Sun, 16 Jun 2019 02:57:52 GMT

Iran summons UK's ambassador to Tehran

According to the Students News Agency report, Iran has summoned the UK ambassador to Tehran over the oil tanker attack accusations.

Sun, 16 Jun 2019 01:57:56 GMT

Saudi calls for swift action to secure Gulf energy supplies

On Saturday, the Saudi Arabian Energy Minister Khalid al-Falih called for quick action to protect crude oil supplies amid the US-Iran face off.

Sat, 15 Jun 2019 20:02:01 GMT

UK SME receive £6.7B investment in 2018

British small and medium enterprises have received a record £6.7B equity investment the previous year, a data published by the British Business Bank, a government's development bank, shows.

Sat, 15 Jun 2019 19:00:59 GMT

China provides liquidity to small banks

The People's Bank of China has provided $29B to small and medium sized banks to keep their liquidity sufficient, a statement published by the central bank shows.

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