News

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Wed, 08 Feb 2017 13:15:55 GMT

EU to remove online subscription barriers

The European Union is likely to agree on cross-border portability for Netflix & Sky online subscriptions that will allow people to use these services anywhere within the bloc.

Wed, 08 Feb 2017 13:08:00 GMT

Italy wants Lira back

Italy becomes hostile towards the single currency as the majority of people blames the Euro for rapid economic decline since 1999, raising a question of going back to the Lira currency.

Wed, 08 Feb 2017 12:02:13 GMT

US Army to approve Dakota Access pipeline

Despite the protests raised by the Native American tribes, the US Army is eager to permit Dakota Access pipeline construction under the Missouri River.

Wed, 08 Feb 2017 12:01:55 GMT

Court to pass verdict on travel ban ASAP

The Appeals Court expects to give a ruling on Donald Trump's travel ban order this week, supposing that the case will presumably go to the US Supreme Court.

Wed, 08 Feb 2017 11:02:46 GMT

Disney chairman to extend his office term

Disney CEO Bob Iger will presumably extend his term of office for the company purposes as his tenure comes to end in 2018.

Wed, 08 Feb 2017 11:02:14 GMT

Trump travel ban faces tough scrutiny

Trump's travel ban faced tough scrutiny at the Court of Appeals, as the legal establishment sought to ascertain whether religious discrimination was the reason behind the move.

Wed, 08 Feb 2017 10:02:41 GMT

15K people become homeless in Philippines

Philippine authorities announced that a fire, which had been raging in a crowded town near Manila, had destroyed many houses and left 15 thousand people homeless.

Wed, 08 Feb 2017 10:02:14 GMT

Hyundai may buy Chinese car batteries

On Wednesday, Hyundai announced that it may buy batteries for electric vehicle from China after South Korean companies hadn't made a list of vendors.

Wed, 08 Feb 2017 07:02:37 GMT

Gilead Sciences posts Q4 revenue decline

Gilead Sciences reported revenue of $7.3B, showing more than 14% year-over-year decrease. The company's earnings per-share dropped to $2.70 from $3.32.

Wed, 08 Feb 2017 06:18:32 GMT

Al Shabaab attack hotel in Bosasso

Four people have been killed in an attack carried out by Somalia's al Shabaab fighters at the hotel in Bosasso, Puntland region.  Two al Shabaab militants also were killed. 

Wed, 08 Feb 2017 06:03:14 GMT

Parsley Energy to acquire Permian Basin assets for $2.8B

Parsley Energy is planning to acquire undeveloped acreage in the Permian Basin for about $2.8B from Double Eagle Energy Permian.

Wed, 08 Feb 2017 05:32:02 GMT

Sharp plans to build $7B plant in US

Sharp Corp is considering investing $7 billion to build a display factory in US. Building works are planned to start before June 30.

Wed, 08 Feb 2017 05:29:59 GMT

Singapore Airlines posts 1.7% rise in Q3 operating profit

Singapore Airlines posted operating profit of S$293M in Q3, up 1.7% from S$288M a year ago caused by the growth of mail and cargo, whereas fuel costs have dropped. 

Tue, 07 Feb 2017 22:23:07 GMT

Political uncertainty in Europe boosts Greenback

On Tuesday, political uncertainty in Europe caused the US Dollar to undergo a correction after recent losses and surpass the one-week high.

Tue, 07 Feb 2017 22:12:06 GMT

Oil prices fall more than 1% on Tuesday

A more than 1% drop in oil prices was registered on Tuesday, amid continuous increase of gasoline stockpiles in the US. This increase could create complications and counterweight OPEC's decision to cut production in order to diminish the oil supply glut.

Tue, 07 Feb 2017 21:14:06 GMT

Trump tough talks pushes Argentina and Brazil start closer trade with Mexico

The presidents of Argentina and Brazil called for more ambitious Latin American trade, indicating regional ties should strengthen in response to uncertainty over relations with the US.

Tue, 07 Feb 2017 21:13:57 GMT

No renegotiation on Brexit deal if parliament rejects it

Britain will not renegotiate with the EU if parliament rejects the exit deal it reaches, as ministers defeated attempts to give lawmakers more say on the terms of the final agreement. 

Tue, 07 Feb 2017 20:05:04 GMT

Strong earnings boost European shares

European shares rose, helped by some encouraging company results, while French stocks slipped after election jitters weighed on the country's sovereign bonds.

Tue, 07 Feb 2017 20:04:54 GMT

US trade deficit declines on export hitting highest in 1-1/2 years

The US trade deficit fell more than expected in December since exports rose to the highest level in than 1-1/2 years, outpacing an increase in imports. 

Tue, 07 Feb 2017 19:00:52 GMT

Michael Kors shares drop to $34.92 on Tuesday

Earlier in the day, shares of Michael Kors Holdings slumped as much as 15% to hit the $34.92 level on the NYSE, as the company's holiday quarter sales fell short of expectations.

Tue, 07 Feb 2017 19:00:30 GMT

YouTube to launch mobile live streaming for most popular users

Following Facebook's example, YouTube is planning to roll out a new feature that would allow popular users having over 10K subscribers to live-stream videos from mobile devices.

Tue, 07 Feb 2017 18:07:23 GMT

Minnesota's Dayton to undergo cancer surgery

The Governor of Minnesota Mark Dayton, 70, was confirmed to undergo surgery to remove prostate after having been diagnosed with cancer last month.

Tue, 07 Feb 2017 18:06:51 GMT

US Senate to vote on Trump's Education Secretary nominee

Later today, the US Senate will ballot on the President's pick for the position of the US Department of Education leader. At least 50 Senate members are set to vote against the nominee.

Tue, 07 Feb 2017 17:10:13 GMT

Autodesk's CEO Bass to step down

On Tuesday, the American software corporation Autodesk confirmed that the current company's Chief Executive Officer Carl Bass would resign on February 8, 2017.

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