News

Note: This section contains information in English only.
Thu, 10 Aug 2017 07:32:34 GMT

Toymaker Lego names Christiansen as new chief executive

The Danish toymaker Lego announced on Thursday it had appointed Niels B. Christiansen as a new chief executive with intention to replace Bali Padda, who would take a special advisory role for the company.

Thu, 10 Aug 2017 07:26:31 GMT

Venezuela's political crisis deepens, Peru afraid of civil war

The Peru Foreign Minister stated that the Venezuelan political crisis deepening might lead to civil war, following imploding of the country's economy under the rule of the President Nicolas Maduro.

Thu, 10 Aug 2017 06:29:42 GMT

Kaspersky to withdraw antitrust complaints against Microsoft

The Russian cyber-security firm Kaspersky stated on Wednesday that it was eager to withdraw antitrust complaints against Microsoft after the US tech giant agreed to change security updates delivery to Windows users.

Thu, 10 Aug 2017 06:21:02 GMT

China to offer radar system, rocket launchers to Malaysia

China is aimed to offer Malaysia a radar system and advanced rocket launchers to base them on the country's Southern tip that may cause security concerns for its neighbouring Singapore.

Thu, 10 Aug 2017 05:34:24 GMT

North Korea frees jailed for life Canada's pastor amid US tensions

A Canadian pastor, jailed for life in North Korea, got a compassionate release after the United States vowed to counter any possible threat from the provocative country with "fire and fury".

Thu, 10 Aug 2017 05:26:02 GMT

Japan's Abe ought to focus on regulatory reforms

Economists consider that the Japanese PM Shinzo Abe should prioritise regulatory reforms as they remain pessimistic on inflation's growth prospects in the coming years, according to forecasts.

Thu, 10 Aug 2017 04:33:53 GMT

Wanda Hotel to acquire $1B assets from Wang-controlled firms

A Chinese unit Wanda Hotel is willing to buy $1B of assets from units controlled by its founder Wang Jianlin, in a deal that caused over 30% drop of its shares.

Thu, 10 Aug 2017 04:29:24 GMT

Toyota to delay launch of Mexico factory to early 2020

Toyota stated on Thursday it would push back the launch of its planned new plant in Mexico to the beginning of 2020 instead of the initial plan of 2019 amid production car model change.

Thu, 10 Aug 2017 03:14:02 GMT

Japan's core machinery orders drop unexpectedly in June

Japan's core machinery orders declined 1.9% in June, the third straight month of fall, casting doubts about the country's economic recovery.

Thu, 10 Aug 2017 03:13:52 GMT

US payment company to buy UK rival for $10B

Vantiv, the US credit card processing firm, announced that it agreed to buy the UK-based rival Worldpay for $10.4B, aiming to create global payments platform.

Thu, 10 Aug 2017 02:08:10 GMT

Thailand, Iran to cooperate on cyber security, IT

Thailand and Iran agreed on cooperation in the fields of IT, hardware, software and cyber security, the newspaper reported.

Thu, 10 Aug 2017 02:07:28 GMT

Austria to strengthen border controls amid higher illegal migration

Austria is set to strengthen controls of its borders, as an illegal migration increase in recent days, the country's Interior Minister Wolfgang Sobotka stated.

Wed, 09 Aug 2017 20:15:02 GMT

Investors turn to safe heavens amid North Korea crisis

On Wednesday, many investors decided to relocate their capital into the Treasury bonds, gold and other safe heavens amid growing geopolitical tensions.

Wed, 09 Aug 2017 20:14:28 GMT

FBI conducts a search in Manafort's house

On Wednesday, FBI raided one of the Paul Manafort's houses, looking for evidence of financial crimes. A few years ago Paul Manafort served as President Donald Trump's campaign manager.

Wed, 09 Aug 2017 19:09:20 GMT

Mexico's Meade explains spiking inflation

Jose Antonio Meade, the Minister of Finance of Mexico, named high tomato prices, as the main reason behind increased annual inflation.

Wed, 09 Aug 2017 19:06:57 GMT

US imposes new sanctions on Venezuela

The White House has decided on Wednesday to broaden sanctions against Venezuela adding eight more officials to its sanctions blacklist over creation of the new Constitutional Assembly.

Wed, 09 Aug 2017 18:01:13 GMT

Mattis sends a warning to North Korea

Jim Mattis, the US Secretary of Defence, said that North Korea has to stop its nuclear program and avoid any actions that would "lead to the end of its regime".

Wed, 09 Aug 2017 18:00:13 GMT

Oil price surge to $52.47

Oil prices rose by 33 cents on Wednesday, reaching $52.47 a barrel, as the US gasoline and crude inventories slipped by 6.5M barrels a week.

Wed, 09 Aug 2017 17:09:35 GMT

European stocks enter bear market

European stocks closed in the red territory on Wednesday amid geopolitical tensions, with the pan-European STOXX 600, France's CAC 40 and Germany's DAX dropping 0.7%, 1.4% and 1.1%, respectively.

Wed, 09 Aug 2017 17:08:46 GMT

Birchbox discusses potential sale with retailers

Recode, a technology news website, reported on Wednesday that Birchbox, an online cosmetics company, discussed a potential sale with several retailers including Wal-Mart Stores.

Wed, 09 Aug 2017 16:20:17 GMT

US crude stockpiles drop more than expected last week

The EIA reported that US crude oil inventories dropped 6.5M barrels in the week ended August 4, following the preceding week's fall of 1.5M barrels and topping expectations for a 2.6M-barrel decline.

Wed, 09 Aug 2017 15:17:00 GMT

US non-farm productivity rises 0.9% in Q2

Non-farm productivity rose 0.9% in the United States in the June quarter, according to the preliminary data published by the Labour Department on Wednesday.

Wed, 09 Aug 2017 15:16:25 GMT

Canadian building permits rise 2.5% in June

Statistics Canada reported on Wednesday that building permits jumped 2.5% in June, following the prior month's surge of 10.7% but surpassing analysts' expectations for a 1.8% drop.

Wed, 09 Aug 2017 14:28:32 GMT

France detains suspect behind car attack on soldiers

According to the French PM Edouard Philippe, the police men arrested a suspect who was alleged to ram into the group of soldiers with a BMW car in a Parisian suburb.

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