News

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Fri, 28 Jul 2017 18:56:19 GMT

Oil prices at two-month high on Friday

Oil prices were trading at a two-month high on Friday, thus experiencing the strongest weekly rise of 2017 amid signs of mitigated oversupply risks.

Fri, 28 Jul 2017 18:54:21 GMT

TransCanada to decide on Keystone XL project by December

The second largest Canadian pipeline operator TransCanada Corp planned to finalise its decision on the Keystone XL investment project by December, a representative said on Friday.

Fri, 28 Jul 2017 18:02:37 GMT

IMF warns dollar overestimated

On Friday, the International Monetary Fund said that the US Dollar was overestimated by 15%, while assessments of the Yen, Euro and Yuan were in line with economic fundamentals.

Fri, 28 Jul 2017 17:57:09 GMT

Hammond: no signifficant changes in legislation after Brexit

Philip Hammond, the UK Finance Minister, said on Friday that there would be no instant changes in trade or immigration legislation after Brexit in 2019.

Fri, 28 Jul 2017 17:21:22 GMT

EU grants €46M to protect Libya borders

The European Union granted €46M to Italy to help it secure Libya's borders. The money transfer represents part of the EU' s attempts to reduce the flow of migrants arriving from Africa.

Fri, 28 Jul 2017 17:09:59 GMT

North Korea launches another ballistic missile into sea

On Friday night, North Korea test-fired another ballistic missile into the sea that presumably landed in the Japanese EEZ. The US Department of Defense confirmed the launch.

Fri, 28 Jul 2017 16:08:35 GMT

One dead and four injured after Humburg knife attack

One person was killed and several others injured when a unidentified assailant attacked people with a knife in a Hamburg supermarket, German police reported.

Fri, 28 Jul 2017 16:08:24 GMT

Amazon sales surge, but spending bites into profit

Amazon.com reported a jump in retail sales along with a profit slump, as its rapid, costly expansion into new shopping categories and countries showed no sign of slowing.

Fri, 28 Jul 2017 15:17:32 GMT

American Airlines profit falls, but revenue rises

American Airlines Group Inc. reported profit fell in the second quarter despite a sharp increase in revenue due in part to higher ticket pricing and improved business domestically and in Latin America.

Fri, 28 Jul 2017 15:17:23 GMT

US orders embassy staff relatives in Venezuela to leave country

The US government on Thursday ordered family members of the US embassy staff stationed in Caracas to leave Venezuela due to the ongoing violence and the lack of food and medicine in the country.

Fri, 28 Jul 2017 14:22:58 GMT

UK lifts electronics ban on several flights from Turkey

On Friday, Britain ended its ban on electronic devices carried in the cabin of an aircraft on some flights from Turkey to the UK after launching new security measures.

Fri, 28 Jul 2017 14:09:33 GMT

120 dead in India's Gujarat amid severe floods

Over 120 people were reported to be dead as a widespread flooding hit an Indian industrial state of Gujarat, paralysing infrastructure and damaging more than 1K cotton farmers.

Fri, 28 Jul 2017 13:28:26 GMT

UN calls Vietnam for blogger release imprisoned to nine years

On Friday, the United Nations urged Vietnam to release a dissident blogger, jailed to nine years in prison for propaganda against the country, as a sentence and trial's conduct did not comply with standards.

Fri, 28 Jul 2017 13:15:22 GMT

EU to start Brexit transition talks after divorce issues settled

The European Commission vowed on Friday that negotiations over the potential transition period of Brexit could only start after its divorce issues were settled.

Fri, 28 Jul 2017 12:27:53 GMT

Sri Lanka to sign Hambantota $1.1B deal with China

On Saturday, Sri Lanka is eager to sign a $1.1B deal with China on leasing its Southern Hambantota port after a few months of delay amid local protests over the deal could threaten national security.

Fri, 28 Jul 2017 12:16:52 GMT

Telecom Italia to appoint Genish as operations chief

Telecom Italia named Amos Genish as the company's General Manager of operations on Friday, the executive chairman stated, confirming the Reuters report.

Fri, 28 Jul 2017 11:25:08 GMT

Commuter train's number of injured rises to 54

The number of people injured in a commuter train crash in Barcelona Francia station climbed to 54; however, no deaths have been reported.

Fri, 28 Jul 2017 11:24:03 GMT

Hutchison Drei acquires Tele2 to rival Telekom Austria

The mobile company Hutchison's Drei Austria is willing to buy the landline-focused Tele2 for the price of $111M amid firm's intention to rival Carlos Slim's telecommunications company Telekom Austria.

Fri, 28 Jul 2017 09:52:51 GMT

Sources: Ofo aims to raise $1B in new fundraising round

The Chinese bike-sharing start-up Ofo plans to raise $1B in a new fund-raising round managed by SoftBank Group, sources familiar with the matter said on Friday.

Fri, 28 Jul 2017 09:52:31 GMT

Hammond says immediate changes in legislation after Brexit unlikely

The British Finance Minister Philip Hammond explained on Friday that no legislative changes in immigration and trade are expected immediately after Brexit in March 2019.

Fri, 28 Jul 2017 09:33:28 GMT

China's air force to keep conducting drills at sea

According to the CCTV, the China air force is seeking to continue with the flight drills at the sea, despite any interference it could encounter.

Fri, 28 Jul 2017 09:00:22 GMT

Pakistan dismisses PM Sharif amid family wealth corruption probe

On Friday, the Court of Pakistan disqualified from the office the country's Prime Minister Nawaz Sharif, following a damning corruption inquiry into his family wealth.

Fri, 28 Jul 2017 08:09:28 GMT

48 injured as commuter train crashes in Barcelona station

On Friday, a commuter train crashed into buffer of a railway in the Barcelona's Francia station, leaving at least 48 people injured; hovewer, no deaths were reported at that moment.

Fri, 28 Jul 2017 07:52:07 GMT

Japan jobless rate drops to 2.8% in June

According to the Statistics Bureau, the unemployment rate in Japan fell to 2.8% in June, compared to the prior month's 3.1% reading, surpassing expectations for a decline to 3.0%.

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