News

Note: This section contains information in English only.
Tue, 01 Aug 2017 16:18:38 GMT

US manufacturing expands at slower pace in July

Manufacturing sector in the United States expanded at a slower-than-expected pace in July, as the factory activity index dropped to 56.3, missing forecasts for a 56.5 reading.

Tue, 01 Aug 2017 15:20:06 GMT

US consumer spending rises 0.1% in June

The US consumer spending, which represents two-thirds of the country's economic activity, increased 0.1% in June, following an upwardly revised gain of 0.2% in May.

Tue, 01 Aug 2017 15:17:57 GMT

Economic growth in Euro zone picks up speed in Q2

The economy in the 19-country bloc expanded 0.6% in the second quarter, compared with the 0.5% growth pace in Q1, the official report showed.

Tue, 01 Aug 2017 14:32:38 GMT

Bulgaria, Macedonia sign pact to mend relations

On Tuesday, the Prime Ministers of Bulgaria and Macedonia Boyko Borissov and Zoran Zoev signed a treaty of friendship that symbolises the end of diplomatic wrangling between the two countries.

Tue, 01 Aug 2017 14:22:52 GMT

Germany's Infineon to supply parts to Tesla Model 3

Germany's chipmaker Infineon announced on Tuesday it would supply parts to Tesla new mass-market Model 3 electric vehicle after being recaptured from its initial customer STMicroelectronics.

Tue, 01 Aug 2017 13:14:07 GMT

Trump fires White House communications chief

President of the United States Donald Trump on Tuesday fired the recently hired new White House chief of communications Anthony Scaramucci.

Tue, 01 Aug 2017 13:13:26 GMT

Pakistan's new PM is elected

Lawmakers of Pakistan on Tuesday elected a new Prime Minister. Shahid Khaqan Abbasi has become the new PM, who is a known ally of the previous PM.

Tue, 01 Aug 2017 12:00:44 GMT

Germany calls US to discuss Russia sanctions with EU

On Tuesday, Germany urged the US to talk to the European Union about the negative impact the tougher sanctions against Russia might have on the bloc's companies, as those should not be punished.

Tue, 01 Aug 2017 12:00:24 GMT

UK opens inquiry into British American Tobacco corruption suspicions

Britain launched a formal inquiry into suspected corruption at British American Tobacco and its subsidiaries, two years after the first bribery allegations had surfaced in Africa.

Tue, 01 Aug 2017 11:01:09 GMT

Tesla's shares drop 3.5% after Musk warns of production hell

On Monday, Tesla's shares plunged 3.5% after the carmaker's CEO Elon Musk announced the company would face a "manufacturing hell" on the back of a ramped up production of its new Model 3 vehicle.

Tue, 01 Aug 2017 11:00:32 GMT

Britain must save itself from abrupt exit from EU

The ex-Conservative Party head William Hague stated that the UK Finance Minister Philip Hammond must achieve a less rough withdrawal from the bloc to rescue the country as Britain was moving towards the Brexit disaster.

Tue, 01 Aug 2017 10:15:14 GMT

BP projects oil price below $58 a barrel next year

According to the BP's CFO, the company forecasts global oil price to fluctuate around $45-$55 a barrel in 2018, citing increasing production of the US shale oil and gas.

Tue, 01 Aug 2017 10:06:04 GMT

SDF pushes Islamists out of southern Raqqa

According to the Kurdish official, the Syrian Democratic Forces (SDF) are rapidly advancing against the Islamic State fighters and soon will take full control over the southern suburbs of Raqqa.

Tue, 01 Aug 2017 09:23:42 GMT

Ex-petroleum minister Abbasi likely to become Pakistani PM

Pakistani lawmakers are set to appoint the former petroleum minister Shahid Khaqan Abbasi as the country's new Prime Minister in the Parliamentary vote this Tuesday.

Tue, 01 Aug 2017 08:56:07 GMT

Japanese Honda reports 0.9% jump in Q1 operating profit

Japan's Honda Motor posted a stronger-than-expected Q1 operating profit with a 0.9% surge, helped by its motorcycles and carssales that managed to offset a drop in the North American demand.

Tue, 01 Aug 2017 08:31:29 GMT

China's Sogou focuses on AI, seeks US IPO

Baidu competitor and the second-largest Chinese mobile search engine Sogou is eager to focus on artificial intelligence as it seeks to construct a next-generation search engine and float the firm in the United States as early as possible.

Tue, 01 Aug 2017 07:33:10 GMT

PSA finalises Opel/Vauxhall acquisition deal from GM

On Tuesday, PSA Group has clinched an acquisition deal of the Vauxhall and Opel brands from General Motors, helping the company to become Europe's second-ranked automaker by sales, outracing its rival Renault.

Tue, 01 Aug 2017 07:03:59 GMT

Around 2.5K of Afghan security forces killed in four months

According to the Afghani Special Inspector General's report, over 2.5K of the country's security forces have died and more than 4.2K have been wounded in the time period from January 1 to May 8 this year.

Tue, 01 Aug 2017 06:24:43 GMT

Japan final Manufacturing PMI slides to 52.1 in July

Markit reported on Tuesday that manufacturing activity in Japan declined to 52.1 in July, slightly missing analysts' expectations for a 52.2 reading, compared to the prior month's 52.4.

Tue, 01 Aug 2017 05:00:00 GMT

Cuba supports election in Venezuela

According to the government's statement, Cuba welcomes election of a new constitutional assembly in Venezuela and condemns position of the US and several other countries on this issue.

Tue, 01 Aug 2017 04:22:40 GMT

Sources: North Korea can reach most of United States

According to two US officials, the latest ballistic missile test showed that North Korea can hit practically every part of the United States.

Tue, 01 Aug 2017 04:21:13 GMT

New Zealand's Little resigns

Andrew Little, the New Zealand's Labour Party leader, decided to step down from his post less than two months before parliamentary elections amid unsatisfying poll results.

Tue, 01 Aug 2017 02:51:05 GMT

Britain to loose 40K bankers after Brexit

UK finance industry is espected to loose at around 40K investment bankers jobs in the next couple of years unless it makes a softer deal with the Eurpean Union.

Tue, 01 Aug 2017 02:50:33 GMT

UK consumer sentiment steady, but at low levels in Junly

The UK consumer confidence held steady last month, but still showed the weakest reading in two years, as housholds remained squeezed by higher inflation and subdued growth of wages.

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