News

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Wed, 24 Jan 2018 20:14:11 GMT

NHTSA to probe Tesla's autopilot crash

The US National Highway Traffic Safety Administration is set to investigate the crash of a semi-autonomous Tesla vehicle which occurred on Monday.

Wed, 24 Jan 2018 20:07:05 GMT

EU leaders warn about return of nationalism

While attending the World Economic Forum in Davos, several EU leaders warned about the increasing popularity of nationalism, thus calling for greater cooperation.

Wed, 24 Jan 2018 18:53:36 GMT

Merkel says isolation not to resolve ongoing challenges

Speaking at the World Economic Forum in Davos, the German Chancellor Angela Merkel said that isolation and protectionism would not resolve the challenges the world is facing.

Wed, 24 Jan 2018 18:52:47 GMT

Abe to attend Olympics in South Korea

On Wednesday, the Prime Minister of Japan Shinzo Abe revealed that he was going to attend the next month's Winter Olympics in Pyeongchang, South Korea.

Wed, 24 Jan 2018 18:28:34 GMT

US crude oil inventories drop 1.1M barrels last week

According to the data released by the US Energy Information Administration, crude oil inventories dropped 1.1M barrels in the week ended January 19.

Wed, 24 Jan 2018 18:27:26 GMT

US December home resales drop to 5.57M

Data released by the US National Association of Realtors showed that existing home sales slumped 3.6% to a seasonally-adjusted yearly pace of 5.57M units over the course of December.

Wed, 24 Jan 2018 17:02:48 GMT

UK unemployment rate holds steady in November

The Office for National Statistics reported on Wednesday that the unemployment rate in the United Kingdom held steady at 4.3% in November.

Wed, 24 Jan 2018 17:02:25 GMT

Markit flash services PMI for Euro zone jumps in January

Markit reported on Wednesday that its flash services PMI for the Euro zone topped economists' expectations, surging to 57.6 points in January.

Wed, 24 Jan 2018 16:04:58 GMT

UK average weekly earnings up 2.5% y/y in November

According to the data released by the Office for National Statistics on Wednesday, the UK average weekly earnings (in nominal terms) increased 2.5% year-on-year in November.

Wed, 24 Jan 2018 16:04:09 GMT

Euro zone flash manufacturing PMI drops to 59.6 in January

Markit's Euro zone flash manufacturing PMI dropped below the 60-point mark, slipping to 59.6 points in January and missing analysts' expectations for a 60.4-point reading.

Wed, 24 Jan 2018 15:33:40 GMT

Greek PM calls Turkey aggressive in Davos

On Wednesday, the Greek Prime Minister Alexis Tsipras told the European partners that Turkey was an aggressive neighbour, which behaviour Greece could not appreciate.

Wed, 24 Jan 2018 15:29:44 GMT

JPMorgan to expand into Kenya and Ghana

JPMorgan Chase was planning its African presence expansion into Kenya and Ghana, the company's CEO Jamie Dimon stated on Wednesday.

Wed, 24 Jan 2018 14:33:02 GMT

GE reports $10B loss, revenue falls in Q4

General Electric posted a $10B loss and a 5% drop in its Q4 revenue driven by the earlier announced charges for insurance taxes and losses.

Wed, 24 Jan 2018 14:22:38 GMT

Apple launches new features for phone battery

On Wednesday, Apple added new features to its iOS 11.3 to show device's battery health and make recommendations if it requires to be serviced.

Wed, 24 Jan 2018 13:16:00 GMT

United Tech hits Q4 revenue forecasts on Wednesday

The US manufacturer United Technologies posted better-than-expected Q4 revenue on Wednesday, anticipating a higher 2018 profit that could be driven by strong sales of parts for commercial jets.

Wed, 24 Jan 2018 13:14:36 GMT

Venezuela's Maduro seeks running for re-election in 2018

The President of Venezuela Nicolas Maduro that he was ready to run for re-election in the next Presidential vote in April 2018.

Wed, 24 Jan 2018 11:54:16 GMT

Brexit minister sees EU, UK to agree on transition deal in March

On Wednesday, the Brexit Minister David Davis stated he expected the European Union and Britain to agree on a transition deal by this year's March-end.

Wed, 24 Jan 2018 11:54:08 GMT

Beijing to pull down 40M m2 of illegal structures

Beijing is set to demolish no less than 40 million m2 of illegal structures and shut down 500 manufacturing companies in 2018.

Wed, 24 Jan 2018 11:09:37 GMT

Credit Suisse boasts about good results

The CEO of Credit Suisse Tidjane Thiam announced on Wednesday that the year has had a good start due to the well performing US economy.

Wed, 24 Jan 2018 11:09:03 GMT

EU sets Qualcomm fine

The European Union antitrust regulators have set a $1.23 billion fine on the chipmaker Qualcomm. The reason is that the company bribed Apple into using exclusively Qualcomm chips.

Wed, 24 Jan 2018 10:27:17 GMT

Beijing to keep 2018 economic expansion target at 6.5%

Beijing's municipal government stated on Wednesday it would keep the 2018 economic growth objective at about 6.5%, on par with the target that Shanghai had set for itself.

Wed, 24 Jan 2018 10:07:21 GMT

Syria denies using chemical weapons

On Wednesday, Syria's government stated that allegations by the US and French Foreign Ministers that it was using chemical weapons could be considered as "lies".

Wed, 24 Jan 2018 09:34:48 GMT

Qatar Airways plans to comply with TSA cargo request

On Wednesday, Qatar Airways stated it was in talks with the US Transportation Security Administration, as the carrier sought to comply with TSA's tougher cargo enhanced screening.

Wed, 24 Jan 2018 09:31:04 GMT

Silicon Valley e-school launches nanodegree in flying cars

The self-driving car experts from Silicon Valley's Udacity School are set to launch first online degree in flying vehicle engineering, forecasting a boost in demand for such a topic in the following years.

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