Economy
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GM plans US$175 million retooling of Michigan plant for Cadillac sedans
General Motors Co will invest US$175 million to modernize and retool a plant in Lansing, Michigan, to build the next generation of luxury Cadillac sed...
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SABIC Participates in World Fertilizer Industry Association Conference in Berlin
SABIC participated today in the 86th annual conference of the World Association of Fertilizer Industry, which takes place in Berlin from 18-20 June 20...
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Britain's May pledges US$26.6 billion extra for healthcare post-Brexit
British Prime Minister Theresa May pledged on Sunday (Jun 17) to increase funding for the National Health Service (NHS) by 20 billion pounds (US$26.57...
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Russia, Saudi seek raised OPEC output of 1.5 million bpd
Russia and Saudi Arabia will ask OPEC to hike production by 1.5 million barrels a day in the third quarter of 2018, Russian Energy Minister Alexander...
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SoftBank plans US$60-100 billion investment in solar in India
Japan's SoftBank is planning to invest between $60-100 billion in a solar power project in India, a Japanese report said on Friday (Jun 15), as the fi...
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US trade tariffs push industrials, materials stocks lower
Shares in U.S. industrial and materials companies were under pressure on Friday on escalating trade tensions between the United States and China after...
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Siemens wins US$2 billion contract to build new London Tube trains
Germany's Siemens has been awarded a contract worth about 1.5 billion pounds (US$2 billion) to design and build 94 new generation trains for the Picca...
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Airbus warns governments not to interfere in European fighter program
European efforts to develop a next-generation military combat jet will end in disaster if individual governments insist on dictating specific supplier...
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International fund managers turn to financials, tech as trade worries rise
The rising tensions over global trade policy are prompting some top-performing international fund managers to look for the companies that can emerge a...
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SoftBank plans US$60-100 billion investment in solar in India: Report
Japan's SoftBank is planning to invest between $60-100 billion in a solar power project in India, a Japanese report said on Friday (Jun 15), as the fi...
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McDonald's to replace plastic straws with paper ones in UK and Ireland: BBC
McDonald's will replace plastic straws with paper ones in all its restaurants in the United Kingdom and Ireland, starting from September, the BBC repo...
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EU nations back retaliating against US steel tariffs
European Union countries on Thursday unanimously backed a plan to impose import duties on 2.8 billion euros (US$3.3 billion) worth of U.S. products af...
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ECB plans end to bond-buying if no new shocks for eurozone
The European Central Bank said on Thursday (Jun 14) it would end in December the mass bond-buying used to buttress the eurozone economy, in a sign of...
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KSA,UAE sign cooperation agreement to promote tourism,national heritage
The Kingdom of Saudi Arabia and the United Arab Emirates has signed an agreement for cooperation in the field of tourism and national heritage.
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SCTNH launches Saudi Crafts and Handicraft Company
As part of the National Transformation Program,(NTP), the Saudi Commission for Tourism and National Heritage (SCTNH) has launched the Saudi Crafts and...
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Canon Middle East Launches Direct Operations in Saudi Arabia through newly established company
Canon Middle East and Ali Zaid Al-Quraishi & Brothers formally establish Canon Saudi Arabia to support growing demand for business solutions
