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World News

  • First driverless taxi hits the streets of Singapore

    First driverless taxi hits the streets of Singapore  

    Developer nuTonomy invited a select group of people to download their app and ride for free in its "robo-taxi" in a western Singapore hi-tech business district, hoping to get feedback ahead of a planned dull launch of the service ...

    25 Aug 2016, 3.49 pm  |  Source: Reuters

  • There`s time for 2 Fed hikes this yr-and everyone could benefit

    There's time for 2 Fed hikes this yr-and everyone could benefit  

    Porta Advisors Partner Beat Wittmann said emerging markets had stabilized sufficiently to cope with a Fed rate hike next month and some European economies would gain from a further rise.

    25 Aug 2016, 2.57 pm  |  Source: CNBC

  • China `worst abuser`, `currency manipulator`: Donald Trump

    China 'worst abuser', 'currency manipulator': Donald Trump  

    The 70-year-old real estate tycoon-turned-politician said he will instruct the US trade representative to bring trade cases against China, which is also building a "massive military fortress" in the strategic South China Sea.

    25 Aug 2016, 1.24 pm  |  Source: PTI

  • North Korea leader says missile test `greatest success`

    North Korea leader says missile test 'greatest success'  

    The US mainland and the Pacific are now "within the striking range" of the North's army, the official KCNA news agency reported Kim as saying after Wednesday's launch.

    25 Aug 2016, 12.38 pm  |  Source: PTI

  • Central bankers eye public spending to plug $1trn investment gap

    Central bankers eye public spending to plug $1trn investment gap  

    In the past few weeks, Yellen and three of the Fed's other four Washington-based governors have called in speeches and Congressional hearings for government infrastructure spending and other efforts to counter weak growth, sagging...

    25 Aug 2016, 11.29 am  |  Source: Reuters

  • WikiLeaks to release `significant` Clinton campaign data:Assange

    WikiLeaks to release 'significant' Clinton campaign data:Assange  

    Assange has been living in the Ecuadorean Embassy in London for five years to avoid extradition to Sweden, where he faces sexual assault accusations. He denies the allegations.

    25 Aug 2016, 11.28 am  |  Source: Reuters

  • US nominates Jim Yong Kim as World Bank president for 2nd term

    US nominates Jim Yong Kim as World Bank president for 2nd term  

    Kim, who became the 12th President of the World Bank Group on July 1, 2012 is a physician and anthropologist, who dedicated himself to international development for more than two decades, helping to improve the lives of under-serv...

    25 Aug 2016, 10.54 am  |  Source: PTI

  • Italy quake toll hits 247 as rescuers hunt for survivors

    Italy quake toll hits 247 as rescuers hunt for survivors  

    Hundreds of others were injured, some critically, and an unknown number were trapped under the ruins of collapsed buildings after yesterday's pre-dawn quake.

    25 Aug 2016, 10.34 am  |  Source: PTI

  • Why US, China and Russia can`t stop N Korea`s missile threats

    Why US, China and Russia can't stop N Korea's missile threats  

    The acts, which are in clear violation of United Nations (UN) resolutions, underlined the age-old question of what can be done to stop the rogue nation. The answer is, very little, unless three of the world's superpowers cooperate...

    25 Aug 2016, 10.25 am  |  Source: CNBC

  • Uber to pull out of Macau in September: Report

    Uber to pull out of Macau in September: Report  

    According to a copy of a letter uploaded onto Macau legislator Au Kam-san's official Facebook account, Uber's Asia Regional General Manager Mike Brown said the firm planned to exit the small China-ruled city, saying its drivers ha...

    25 Aug 2016, 9.49 am  |  Source: Reuters

  • China central bank urges banks to spread out tenors of loans

    China central bank urges banks to spread out tenors of loans  

    Imbalances in China's financial system are increasing as the economy slows, complicating challenges facing policymakers as they try to clamp down on riskier lending practices without roiling markets.

    25 Aug 2016, 9.49 am  |  Source: Reuters

  • Italy earthquake has killed at least 159 people

    Italy earthquake has killed at least 159 people  

    The temblor hit at 3:36 a.m. local time (9:36 p.m. ET Tuesday) near Norcia, 50 miles southeast of Perugia, and was felt more than 100 miles away in Rome.

    25 Aug 2016, 8.19 am  |  Source: CNBC

  • Scotland reports 97% plunge in oil revenues

    Scotland reports 97% plunge in oil revenues  

    Revenues fell to USD 60 million (71 million euros, USD 79 million) in the 2015-2016 financial year from 1.8 billion pounds in the previous 12 months -- a 97-percent drop due to the dip in oil prices, the data showed.

    25 Aug 2016, 7.38 am  |  Source: PTI

  • US steps up fight against EU tax crackdown on Apple

    US steps up fight against EU tax crackdown on Apple  

    In a white paper, the US Treasury said the EC probe into alleged special tax treatment that certain EU countries gave Apple, Amazon, Starbucks and Fiat Chrysler "undermines the international tax system."

    25 Aug 2016, 7.36 am  |  Source: PTI

  • China cracks down on P2P lending to curb illegal activities

    China cracks down on P2P lending to curb illegal activities  

    The measures mark the latest attempt by China to reduce risks to the world's second-largest economy by cleaning up the its rapidly growing but loosely regulated online financial sector.

    24 Aug 2016, 2.57 pm  |  Source: Reuters

  • Rio saw 1.17 million tourists during games, zero cases of Zika

    Rio saw 1.17 million tourists during games, zero cases of Zika  

    Giving out figures at a press conference, Paes said that for the two weeks of the Games, Rio saw a hotel occupancy rate of 94 percent and each tourist spent an average of 424.6 reais (USD 131.7) a day.

    24 Aug 2016, 2.10 pm  |  Source: NEWS18.com

  • AstraZeneca to sell antibiotics business to Pfizer

    AstraZeneca to sell antibiotics business to Pfizer  

    The portfolio includes approved antibiotics Merrem, Zinforo and Zavicefta, and ATM-AVI and CXL, which are in clinical development, it said.

    24 Aug 2016, 12.45 pm  |  Source: Reuters

  • Donald Trump has driven some small firms out of biz: Clinton

    Donald Trump has driven some small firms out of biz: Clinton  

    Citing an independent analysis, she also claimed Trump's ideas would cost 3.4 million jobs while her plan would create over 10 million new jobs.

    24 Aug 2016, 11.58 am  |  Source: PTI

  • World Bank presidency search opens with Kim`s hat in ring

    World Bank presidency search opens with Kim's hat in ring  

    Jim Yong Kim's bid to remain as president comes in the face a rare public rebuke from the Bank's rank-and-file, who earlier this month declared that the institution faced a "crisis of leadership."

    24 Aug 2016, 11.30 am  |  Source: PTI

  • US condemns North Korea missile test-fire,calls it `provocation`

    US condemns North Korea missile test-fire,calls it 'provocation'  

    Strongly condemning this missile test in violation of the UN Security Council resolutions, the Pentagon termed the development as a "provocation".

    24 Aug 2016, 10.52 am  |  Source: PTI

  • Samsung, Tencent surge in race to become Asia`s most valuable co

    Samsung, Tencent surge in race to become Asia's most valuable co  

    Their surge - both have gained by a third this year - has made them the world's best performing large-cap tech stocks and highlights how these nimble Asian firms are thriving while rivals Apple Inc and Alibaba have struggled.

    24 Aug 2016, 10.42 am  |  Source: Reuters

  • China shows first images of Mars rover, aims for 2020 mission

    China shows first images of Mars rover, aims for 2020 mission  

    China in 2003 became the third country to put a man in space with its own rocket after the former Soviet Union and the United States.

    24 Aug 2016, 10.19 am  |  Source: Reuters

  • Brexit 2 mths on: Mkts recover but political uncertainty lingers

    Brexit 2 mths on: Mkts recover but political uncertainty lingers  

    Two months ago, British citizens headed to the polls to vote on whether they wanted to keep the country's membership of the European Union. A day later, financial markets went into meltdown when the country voted to leave.

    24 Aug 2016, 9.07 am  |  Source: CNBC

  • Magnitude 6.1 quake rattles Rome, central Italy

    Magnitude 6.1 quake rattles Rome, central Italy  

    There were no immediate reports of damage early today, but state-run RAI radio said people ran into the streets in central Umbria and Le Marche regions shortly after the quake struck just after 3:30 AM local time.

    24 Aug 2016, 8.22 am  |  Source: PTI

  • Glencore speeds up debt reduction with Aus copper mine deal

    Glencore speeds up debt reduction with Aus copper mine deal  

    The deal will take Glencore nearer to its target of cutting debt to between USD 17 billion and USD 18 billion by the end of this year, while Evolution, Australia's second-largest gold miner, said the stake would boost its gold out...

    24 Aug 2016, 8.16 am  |  Source: Reuters

  • Volkswagen, suppliers settle dispute after marathon talks

    Volkswagen, suppliers settle dispute after marathon talks  

    After more than 20 hours of negotiations that went on through the night, VW said it had settled its differences with CarTrim, which makes seats, and ES Automobilguss, which produces cast iron parts needed to make gearboxes, but ga...

    24 Aug 2016, 8.06 am  |  Source: Reuters

  • Gillette sues Schick maker over claims for Mach3 rival

    Gillette sues Schick maker over claims for Mach3 rival  

    Gillette said tests of men aged 18 to 55 showed that razors from Edgewell Personal Care Co created a "statistically significant number of greater nicks and cuts," and thus were not "as good or better than Mach3," as their labels c...

    24 Aug 2016, 8.04 am  |  Source: Reuters

  • Lamborghini sees global sales doubling by 2019 after SUV launch

    Lamborghini sees global sales doubling by 2019 after SUV launch  

    Domenicali told Reuters the company plans to cap yearly production of its supercars at 3,500. He also expects sport-utility vehicle production will be at least as high but could be higher depending on demand. The Italian automaker...

    24 Aug 2016, 8.00 am  |  Source: Reuters

  • World Bank`s Jim Yong Kim launches bid for second term as prez

    World Bank's Jim Yong Kim launches bid for second term as prez  

    Kim, a global public health expert and former Dartmouth College president, notified the board of his intention to continue in the bank's top job after his current term ends on June 30, 2017, the bank said.

    24 Aug 2016, 7.58 am  |  Source: Reuters

  • China`s Silk Road powers bids for $1.5 bn Pakistan utility stake

    China's Silk Road powers bids for $1.5 bn Pakistan utility stake  

    State-backed Shanghai Electric Power and China Southern Power Grid are among Chinese firms leading the pack of about half a dozen bidders in K-Electric , one person familiar with the matter said.

    24 Aug 2016, 7.54 am  |  Source: Reuters

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