News

Note: This section contains information in English only.
Mon, 08 Jan 2018 12:16:50 GMT

Britain's Northern Ireland minister quits on health grounds

On Monday, the British Northern Ireland Secretary James Brokenshire resigned due to some health issues, ahead of the scheduled Cabinet reshuffle by the Prime Minister Theresa May.

Mon, 08 Jan 2018 11:00:59 GMT

European stocks reach two-year high on Monday

European shares climbed to their two-year highs on Monday, driven by increased investor confidence in solid global economic growth and a boost in auto stocks.

Mon, 08 Jan 2018 11:00:42 GMT

Reuters: CDU, SPD reach agreement on tax relief

According to Reuters, Merkel's Christian Democrats and the centre-left SPD have agreed to introduce a tax relief for high-income earners, thus being able to advance with coalition talks.

Mon, 08 Jan 2018 10:04:41 GMT

SPD wants to ease taxes for high earners

According to source familiar with the matter, the Social Democrats (SPD) together with German conservatives want to increase the plank for a maximum tax rate for people with high earnings to a yearly income of €60K.

Mon, 08 Jan 2018 10:04:31 GMT

Macron believes "silk road" cannot be one-way

During the first official visit to China the French President Emmanuel Macron said that the European Union and China must jointly work on the "Belt and Road" project, which could not be one-sided.

Mon, 08 Jan 2018 09:03:41 GMT

South Korea expects fast trade talks with US

The South Korean Trade Ministry said on Monday it expects fast revision of a bilateral trade agreement with the United States, but notes that "an uphill battle" is still ahead because of growing protectionism.

Mon, 08 Jan 2018 08:35:58 GMT

Etihad, Emirates airlines sign deal on intelligence

On Monday, the rival airlines Etihad and Emirates signed a deal to share intelligence and information, Etihad Airway's CEO Tony Douglas reported.

Mon, 08 Jan 2018 08:19:49 GMT

Ford to introduce new diesel F-150 pickup truck

Ford Motor is planning to launch a new diesel engine version of the carmaker's bestseller F-150 pickup truck, in efforts to grab a fuel economy edge and compete with rivals.

Mon, 08 Jan 2018 07:31:24 GMT

Nvidia to partner with VW, Uber over self-driving tech

Nvidia Corp is planning to partner with Volkswagen and Uber over its self-driving technology, following his partnership with Tesla and Chinese giant Baidu.

Mon, 08 Jan 2018 07:27:35 GMT

Novo Nordisk seeks to acquire Ablynx for around €2.6B

On December 22, the Danish pharmaceuticals maker Novo Nordisk offered to acquire Belgium's biopharma company Ablynx for €28.00 per share, which is about €2.6B in total.

Mon, 08 Jan 2018 05:57:29 GMT

Italy's right parties want pension law reversed

Italy's far-right Forza Italia party and its allies Northern League and Brothers of Italy vowed to implement a lot of changes including the reversion of the pension law if elected.

Mon, 08 Jan 2018 05:57:16 GMT

Trump and Macron discuss North Korea and Iran

The White House reported that the US President Donald Trump spoke with his French counterpart Emmanuel Macron to discuss developments on the Korean Peninsula and touch upon protests in Iran.

Mon, 08 Jan 2018 05:21:42 GMT

Investors: Apple should deal with youth iPhone addiction

Apple's two key investors urged the company to address the ongoing problem of youth getting highly addicted to iPhones.

Mon, 08 Jan 2018 05:21:03 GMT

China's CB to skip OMOs on Monday

On Monday, the People's Bank of China said it would skip open market operations for the 11th consecutive trading day on the back of "relatively high" liquidity levels in the banking system.

Mon, 08 Jan 2018 04:06:20 GMT

China sets up ¥30B fund to strengthen services trade industry

China launched a ¥30B worth investment fund to fuel the services trade industry's growth, in a bid to improve further the country's structure of foreign trade.

Mon, 08 Jan 2018 04:05:13 GMT

Vietnam begins high-profile trial on oil firm losses

Vietnam brought 22 executives to high-profile trial on losses at the country's oil firm, where the most serious offences might be the death penalty.

Mon, 08 Jan 2018 03:24:40 GMT

AIG Construction Index falls last month

The Australian Industry Group reported on Monday that its Construction Index fell to 52.8 in December from the prior month's 57.5.

Mon, 08 Jan 2018 03:23:10 GMT

Norwegian Labour Party's leader resigns

The leader of Norway's Labour Party Trond Giske has resigned following sexual harassment allegations, according to official sources.

Sun, 07 Jan 2018 21:04:17 GMT

Biggest Saudi companies to increase wages for locals

Saudi Arabian Oil and other major local companies stated that they will increase Saudi staff's salaries, matching the royal order to ease public discontent over the rising prices.

Sun, 07 Jan 2018 21:03:11 GMT

Takata recalls 3.3M air bags under US order

Takata Corp that filed for bankruptcy, has called back 3.3M air bags as part of the US order, which scheduled the potentially deadly devices' repairs over several years.

Sun, 07 Jan 2018 20:29:22 GMT

Chinese FAW to buy 10% stake in Mobike

FAW Car Co has aimed to purchase a 10% stake in Chinese startup Mobike Chuxing Technology's new car-sharing unit, while financial details were not disclosed.

Sun, 07 Jan 2018 20:08:03 GMT

UK retailers to publish holiday shopping figures next week

At least 20 UK retailers will publish their holiday shopping season's performance figures next week, while Tesco anticipates to be one of the leaders but M&S continues to struggle.

Sun, 07 Jan 2018 20:07:25 GMT

Labour MPs urge May to drop KPMG auditors from Grenfell inquiry

British Labour MPs have urged PM May to cancel the appointment with KPMG to assist with the Grenfell Tower inquiry amid conflict of interest due to auditing work for involved firms.

Sun, 07 Jan 2018 19:00:18 GMT

Former chief of Goldman, WTO, BP dies at 71

Former World Trade Organisation's director general Sutherland, also known as the overseas arm of Goldman Sachs and long-serving chairman of BP, the oil giant, died aged 71.

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