News

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Sat, 20 May 2017 20:02:22 GMT

Comey to give testimony before Senate

The former FBI Director James Comey is set to give a testimony before the US Senate Intelligence Committee in a public session. The exact date to be announced after 29 May.

Sat, 20 May 2017 19:59:52 GMT

Saudi Arabia says 2017 budget deficit is adequate

The Saudi Finance Minister Mohammed al-Jadaan said on Saturday that the country's budget deficit for 2017 is adequate, thus allowing to diminish the extent of austerity measures.

Sat, 20 May 2017 19:04:55 GMT

Tillerson hopes Iran's missile program will be ceased during Rouhani's second term

The US Secretary of State Rex Tillerson hopes that the new Iranian President Hassan Rouhani ceases the country's ballistic missile program during his four-year term in office.

Sat, 20 May 2017 18:59:40 GMT

SoftBank Vision Fund has raised over $93B for investments in technology sectors

SoftBank Vision Fund has raised more than $93B for investments in various technology sectors, such as robotics and artificial intelligence, the fund announced on Saturday.

Sat, 20 May 2017 18:06:29 GMT

Poland's Kaczynski criticises Merkel for EU's migration problems

The leader of the Polish ruling party Jaroslaw Kaczynski criticised EU's refugee relocation scheme on Saturday, blaming Angela Merkel for causing migration problems in the region.

Sat, 20 May 2017 18:04:39 GMT

Blackstone and PIF to create $40B fund for infrastructure projects

The US private equity company Blackstone and Saudi Arabia's Public Investment Fund is set to create an investment vehicle for financing infrastructure projects worth $40B.

Sat, 20 May 2017 16:53:56 GMT

Russia requests WTO to examine Ukraine's sanctions on Moscow

Russia asked the World Trade Organisation to provide consultations over Ukraine's sanctions placed against Moscow since 2014, the Russian Economy Minister said.

Sat, 20 May 2017 16:51:54 GMT

ORB poll shows PM May's Conservatives retain lead ahead of election

The ORB poll showed that Theresa May's Conservatives kept their lead over the Labour Party ahead of the 8th June election, being supported by 46% and 34% voters, respectively.

Sat, 20 May 2017 15:55:02 GMT

US regulators open investigation into recall of Hyundai, Kia vehicles

US safety regulators opened a formal probe into the recall of almost 1.7M vehicles by Hyundai and its affiliate Kia due to engine defects.

Sat, 20 May 2017 15:52:36 GMT

Ukraine, Germany aim to return Minsk armistice deal

Ukraine's Petro Poroshenko and Germany's Angela Merkel agreed on efforts to improve security in the east of Ukraine and get back to implementing the Minsk armistice deal.

Sat, 20 May 2017 14:57:40 GMT

US to ink $110B worth of military contracts with Saudis

The US announced military contracts worth nearly $110B during Trump's visit to Saudi Arabia, which are set to bolster the security against Iranian threats.

Sat, 20 May 2017 14:53:10 GMT

Russia's Lavrov denies talking about Comey with Trump

Sergei Lavrov, the Russian Foreign Minister, denied that he discussed the firing of James Comey, the former FBI head, with Donald Trump at a White House meeting.

Sat, 20 May 2017 14:25:41 GMT

New France's Defence Minister promises more EU cooperation

Sylvie Goulard, the new French Armed Forces Minister, pledged to continue working on European defence projects and improve cooperation with Germany.

Sat, 20 May 2017 14:23:52 GMT

Merkel's rival to fight elections in Germany like Macron

Martin Schulz, Merkel's Social Democrat rival, promised to make his campaign for September's federal election in Germany similarly as France's Macron did.

Sat, 20 May 2017 12:58:23 GMT

GE signs $15B deals with Saudi Arabia

The US technology and engineering conglomerate GE signed business deals worth $15B with Saudi Arabia as a part of the kingdom's initiative to diversify its economy beyond oil. 

Sat, 20 May 2017 12:58:12 GMT

BMW to increase its R&D spending in 2018

BMW expects its R&D budget to increase in 2018 to cope with CO2 emissions reduction, electrifying engines and autonomous driving. 

Sat, 20 May 2017 11:59:40 GMT

Chinese regulator approves 10 IPO applications

The China Securities Regulatory Commission has approved IPO applications of ten companies, with the firms expected to raise around $920M.

Sat, 20 May 2017 11:59:22 GMT

Audi resolves dispute with Chinese dealers

Audi resolved a dispute with its Chinese dealers, which could have undermined the luxury automaker's business in the world's second biggest car market. 

Sat, 20 May 2017 11:04:24 GMT

The Netherlands consider law to protect companies from foreign takeover

The Netherlands' government said it was considering a law that would provide Dutch publicly listed companies a one-year timeframe to weigh whether to reject any approach by a foreign buyer. 

Sat, 20 May 2017 10:59:56 GMT

ECB needs to demonstrate backbone when inflationary pressure rises

The ECB will need to demonstrate a backbone when inflationary pressure increases in the Eurozone, although an expansive policy is justified for now, the Bundesbank President Jens Weidmann said.  

Sat, 20 May 2017 10:01:36 GMT

ECB to be forced to tighten its policy

The ECB may be forced to tighten its monetary policy once inflation is considered to be on a self-sustaining path despite high unemployment, the ECB Executive Board Member Benoit Coeure said.

Sat, 20 May 2017 10:01:23 GMT

Saudi Aramco to sign deals with US companies

The oil giant Saudi Aramco expects to sign 16 agreements worth $50B with 11 US companies to provide boost of bilateral trade between the countries.

Sat, 20 May 2017 08:58:37 GMT

Russian Ruble poised to weakening run

With the Russian Ruble being pegged by 70% to the crude oil price, the currency is more likely to weaken rather than strengthen, the former Finance Minister Alexei Kudrin said.  

Sat, 20 May 2017 08:58:20 GMT

China Investment Fund to increase direct investments in US

The sovereign investment fund China Investment Corporation plans to increase direct investments in the US, as it expects greater trade and investment potential in the world's biggest economy. 

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