News

Note: This section contains information in English only.
Sun, 09 Feb 2020 10:28:15 GMT

Argentina postpones payment of debt

The Vice President of Argentina Cristina Fernandez de Kirchner stated on Saturday that the country would not pay its debt to the International Monetary Fund until the recession ends.

Sun, 09 Feb 2020 09:47:29 GMT

Siemens Mobility to build Luanda Surface Metro

According to a memorandum of understanding, Siemens Mobility, the German transportation firm, would build in Angola the Luanda Surface Metro this year.

Sun, 09 Feb 2020 09:04:27 GMT

US asks assistance on coal export

The Energy Secretary Dan Brouillette stated on Friday he hoped that neighbouring Mexico and Canada would help to export American coal to the Asian market.

Sun, 09 Feb 2020 07:41:39 GMT

Argentina is not paying debt

The Vice President of Argentina Cristina Fernandez de Kirchner announced on Sunday that Argentina would not pay its debt to the IMF until the country is out of recession.

Sun, 09 Feb 2020 07:31:30 GMT

Tesla gets government support

On Sunday, the Economy Minister of Germany Peter Altmaier stated that Tesla could receive subsidies for its new factory in Germany.

Sun, 09 Feb 2020 04:47:40 GMT

AXA to sell CEE business to Uniqa

France's AXA agreed with Austria's insurer Uniqa to sell the company's operations in Czech Republic, Poland and Slovakia for €1B.

Sat, 08 Feb 2020 23:02:48 GMT

Lufthansa to cancel some flights before storm

Germany's airline Lufthansa state that storm Sabine, which is likely to hit parts of Europe during the weekend, will lead to delays and flight cancellations.

Sat, 08 Feb 2020 21:06:48 GMT

Bank of Italy warns of economic slowdown

The Bank of Italy stated on Saturday that the outbreak of coronavirus could significantly affect the country's economic growth this year.

Sat, 08 Feb 2020 20:14:00 GMT

Credit Suisse hopes to remain in company

Urs Rohner, the Credit Suisse Chairman, stated on Saturday that he hoped to stay in the company until the end of the term despite a spying scandal.

Sat, 08 Feb 2020 18:53:32 GMT

China approves new IPOs

The China Securities Regulatory Commission approved IPO of Zhejiang Jianye Chemical and Risuntek, a report published by the commission shows.

Sat, 08 Feb 2020 18:00:20 GMT

Rwanda central bank expects 8.1% growth

The central bank of Rwanda expects 8.1% economic growth in 2020 after an average growth of 10.9% in the first three quarters of 2019, the governor of the National Bank of Rwanda John Rwangombwa says.

Sat, 08 Feb 2020 17:01:31 GMT

Russia decreases key lending rate

The Russian central bank decreased the key lending rate to 6% from 6.25% amid slower than expected inflation, a report published by the bank shows.

Sat, 08 Feb 2020 16:00:10 GMT

China forex reserves at $3.1155T

China's foreign exchange reserves increased by $7.6B to $3.115T at the end of January from the end of 2019, a report published by the State Administration of Foreign Exchange shows.

Sat, 08 Feb 2020 15:00:23 GMT

Residential building construction expands in Bulgaria

The number of newly constructed residential buildings in Bulgaria increased by 46.4% in the fourth quarter of 2019, compared to the prior year, the National Statistical Institute reports.

Sat, 08 Feb 2020 14:12:25 GMT

Taiwan exports decline

Taiwan's exports declined 7.6% to $25.07B in January from the same period the prior year, while imports fell 17.7% to $21.61B, the Ministry of Finance of Taiwan reports.

Sat, 08 Feb 2020 13:04:56 GMT

Zambia, UAE sign cooperation agreements

The United Arab Emirates and Zambia signed several agreements to improve trade between the two countries, a report published by the Ministry of Foreign Affairs of Zambia shows.

Sat, 08 Feb 2020 12:21:45 GMT

UK house prices increase

The average price of a house in Britain reached £240,054 in January, an increase of 4.1% compared to the same period the prior year, the mortgage lender Halifax reports.

Sat, 08 Feb 2020 11:33:57 GMT

China to resume infrastructure projects in two weeks

The Ministry of Transport of China stated on Saturday that it would resume waterway and road infrastructure projects on February 20 across the country except for the province of Hubei.

Sat, 08 Feb 2020 10:28:40 GMT

China rejects Foxconn proposal

According to the Nikkei business daily, Chinese authorities have rejected Foxconn plan of resumption of production starting from Monday.

Sat, 08 Feb 2020 09:20:31 GMT

Raab meets Motegi in Tokyo

After a meeting with the Foreign Minister of Japan Toshimitsu Motegi, the British Foreign Secretary Dominic Raab said that he wanted an "ambitious" trade agreement between the two countries.

Sat, 08 Feb 2020 07:41:18 GMT

Mnuchin comments on US growth

On Friday, the US Treasury Secretary Steven Mnuchin stated that the US GDP would grow by less than 3% in 2020.

Sat, 08 Feb 2020 07:20:12 GMT

Shanghai helps Tesla

The government of Shanghai announced on Saturday that it would help Tesla in resuming its operation in China that had been hit by the coronavirus.

Sat, 08 Feb 2020 05:47:44 GMT

Airbus to buy Bombardier's stake in A220 passenger jet

The European planemaker Airbus is likely to buy the 33.58% remaining stake of its Canada's rival Bombardier in the A220 passenger aircraft programme, according to a Reuters report.

Sat, 08 Feb 2020 05:02:44 GMT

Apple extends retail store closure in China

Apple Inc announced it would delay reopening of its retail stores in China amid the coronavirus outbreak, despite the move hit sales and manufacturing of the iPhone maker.

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