News

Note: This section contains information in English only.
Sun, 24 Jun 2018 20:01:47 GMT

Greece's coffee industry expands despite crisis

Greece's coffee industry was rapidly expanding amid the coffee lovers widening, despite the financial crisis in the country, according to figures from the International Coffee Organisation.

Sun, 24 Jun 2018 19:23:59 GMT

China's brand car sales grow 3.98% in January-May

Sales of China's brand passenger cars increased 3.98% year-over-year in the five-month period from January to May, the report by the China Association of Automobile Manufacturers showed.

Sun, 24 Jun 2018 19:20:32 GMT

AIIB investments reach $4.2B in 2017

Investments in funds and projects by the Asian Infrastructure Investment Bank surpassed $4.2B in the year of 2017, a sharp rise from $1.7B of investments made a year before.

Sun, 24 Jun 2018 18:20:21 GMT

Chezh President to appoint new government

Czech President Milos Zeman stated that he is likely to appoint a new two-party cabinet next week, as October's election was followed by eight months of political instability.

Sun, 24 Jun 2018 18:10:24 GMT

US Secretary of Defence to visit China due to South China Sea tensons

The US Defence Chief Jim Mattis is expected to visit Bejing, as the US and China increasingly spar over expanding military presence of Beijing overseas and US arm sales to Taiwan.

Sun, 24 Jun 2018 17:08:55 GMT

Singapore: Trump-Kim meeting costs $12M

Singapore stated that it spend nearly $12M on the summit between the leader of North Korea Kim Jong Un and the US President Donald Trump, less than prior reports showed.

Sun, 24 Jun 2018 17:08:23 GMT

Italy: EU countries to accept economic migrants share

Italy wanted all the European Union countries to accept the share of migrants moving into the bloc, or recieve less money from the EU, Italy's proposal revealed.

Sun, 24 Jun 2018 15:51:48 GMT

NWS Holdings' JV to acquire Ireland's Sky Aviation

Hong Kong's NWS Holdings stated its joint venture between Goshawk Aviation and Chow Tai Fook Enterprises would acquire Ireland's Sky Aviation, bolstering the Goshawk fleet's value to $9.1B.

Sun, 24 Jun 2018 15:51:36 GMT

PayPal to buy fraud prevention tech firm Simility in $120M deal

PayPal Holdings has announced it would acquire the fraud prevention tech firm Simility in a $120M cash deal, seeking to make it available to its merchants by the Q3-end.

Sun, 24 Jun 2018 14:55:26 GMT

Tronox to receive conditional EU nod for Cristal deal

Tronox, the US chemical firm, is about to win the EU approval to acquire Saudi Arabia's unit Cristal's titanium dioxide division on condition that the company sells assets to tackle competition concerns.

Sun, 24 Jun 2018 14:54:51 GMT

Danone Manifesto Ventures sees 20-25 investment deals by 2020

Danone Manifesto Ventures is looking at having a portfolio of 20-25 investment deals by 2020, seeking for such sectors as alternative protein sources and healthy snacks, drinks and baby food.

Sun, 24 Jun 2018 14:35:07 GMT

Unipol acquires another 3.25% stake in BPER Banca

Italy's financial group Unipol has lifted its stake in BPER Banca to 14.23% by acquiring another 3.25% of the Italian sixth-largest bank.

Sun, 24 Jun 2018 14:31:27 GMT

Ghosn says Renault will not take over Mitsubishi, Nissan

Renault is not planning to absorb Mitsubishi Motors and Nissan Motor, as the automakers are set to strengthen their partnership and retain their autonomy, the alliance's chairman Carlos Ghosn stated.

Sun, 24 Jun 2018 13:36:20 GMT

British provider IWG evaluates possible bid for Terra Firma

IWG, Britain's serviced office provider, stated on Saturday it was evaluating a presumable cash bid for the private equity group Terra Firma's company.

Sun, 24 Jun 2018 13:33:58 GMT

China Renaissance Group targets up to $800M in IPO

The investment bank China Renaissance Group is seeking to raise up to $800M in an initial public offering in Hong Kong, sources stated on Sunday.

Sun, 24 Jun 2018 12:28:22 GMT

BlackRock seeks buying 30% stake in Intesa asset management unit

BlackRock is planning to acquire a 30% stake in Intesa SanPaolo's asset management unit amid company's intention to gain greater influence over the Italian second-biggest fund house.

Sun, 24 Jun 2018 12:24:34 GMT

JPMorgan unit plans sale of Saudi Investment Bank stake

JPMorgan Chase's subsidiary has agreed on a minority stake sale in Saudi Investment Bank in a deal worth $203M, Saudi Investment Bank stated on Sunday.

Sun, 24 Jun 2018 11:03:41 GMT

China to decrease reserve requirements for banks

The People's Bank of China announced on Sunday it will lower the reserve requirement ratio for commercial banks by 50 basis points in order to stimulate provision of loans to small businesses.

Sun, 24 Jun 2018 11:03:29 GMT

Assad not to allow Western companies to participate in Syria's recovery

The President of Syria Bashar al-Assad said on Sunday that his government will not allow American and European companies to participate in restoration of post-war Syria.

Sun, 24 Jun 2018 10:05:37 GMT

Iranian MPs demand resignation of three ministers

A group of Iranian lawmakers sent a letter on Sunday to the country's President Hassan Rouhani calling to him to fire three ministers responsible for unsolved economic problems.

Sun, 24 Jun 2018 10:05:00 GMT

Iraqis form new political block

The Prime Minister of Iraq Haider al-Abadi together with Shia cleric Moqtada al-Sadr have agreed to unite their political blocks in order to solve certain "sectarian and ethnic divisions".

Sun, 24 Jun 2018 09:20:40 GMT

Trump-Putin meeting to be announced soon

The Kremlin spokesman Dmitry Peskov stated on Sunday that the specific date of the meeting of Russia's President Vladimir Putin and his American counterpart Donald Trump will be announced "as soon as we are ready".

Sun, 24 Jun 2018 09:16:59 GMT

US still tries to reunite separated migrant families

The US Department of Homeland Security said on Sunday that it still has 2,053 children under guard who were taken from their parents within the framework of President Trump's "zero tolerance" policy.

Sun, 24 Jun 2018 06:57:06 GMT

EU leaders meet in Brussels

Leaders of the European Union gathered on Sunday in Brussels to create a combined policy in regards to migration issues.

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