German Industry Orders Fall More Than Forecast In April
Foreign orders outside of the euro zone were the biggest contributor to the drop. German factory orders for April declined by 2 per cent during the month, a drop that was higher than expected with expectations of More...
Uber Receives $3.5 Billion From Saudi Sovereign Public Investment Fund
The investment will allow the company to expand in the Middle East, North Africa and China. Uber, on Wednesday, said it had raised $3.5bn in funding from Saudi Arabia’s Sovereign Public Investment Fund. The More...
Argentine Former Dictator General Sentenced To 20 Years In Prison
Reynaldo Bignone, 88, was sentenced to 20 years in prison. Former general Reynaldo Bignone, 88, was, on Saturday, sentenced to 20 years in prison for his role in “Operation Condor” under which an international More...
Fed Indicates Interest Rate Hike Likely; US Dollar Surges
Janet Yellen said the fed would “probably” raise rates in the coming months. Federal Reserve Chair Janet Yellen made it clear that an interest rate hike in months ahead is likely, according to a conversation More...
Microsoft and Facebook To Lay Trans-Atlantic Sub-Sea Data Cable
The Subsea Cable will link the US to Spain with 160 Tbps capability. Microsoft (NASDAQ:MSFT) and Facebook (NASDAQ:FB), in partnership with Spain’s Telefónica telecommunications infrastructure subsidiary Telxius, More...
Obama Visits Hiroshima, Stresses Risks Of Nuclear Weapons
Obama with Shinzo Abe at the memorial site. US President Obama, visited the Japanese city of Hiroshima on Friday morning, seven decades after the city was nuclear-bombed in 1945 ending WW-II. The visit opens More...