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Europe - A Danish Wind Turbine Maker Harnesses Data in a Push to Stay Ahead

Vestas was in a precarious position in 2012, but it is now a market leader, thanks in large part to its focus on data and mathematics.

Saturday, August 27, 2016  03:25


Asia - The battle for China`s taxi market: Uber vs. Didi

CNN`s Matt Rivers hailed a ride to find out how Didi battles American behemoth Uber for the Chinese taxi market.

Saturday, August 27, 2016  03:29


World - Big spending clubs shatter Premier League transfer record

Big spending English clubs have shattered the Premier League`s transfer spending record after the total splashed out reached £880 million ($1.1 billion, 1 billion euros) on Thursday. By 1500 GMT, shortly after Manchester City`s signing of Barcelona goalkeeper Claudio Bravo was confirmed, the Premier League clubs` gross spending in the current transfer window had topped the record of £870m set last year. According to financial services firm Deloitte, the figure is likely to pass £1 billion by the time the current window closes next Wednesday as the 20 top-flight teams make the most of the riches reaped from lucrative new television contracts.

Thursday, August 25, 2016  18:56


World - Scotland reports 97% plunge in oil revenues

North Sea oil revenues for Scotland have plunged, according to official data out on Wednesday that unionists said undermined the case for independence following Britain`s vote to leave the European Union. Revenues fell to £60 million (71 million euros, $79 million) in the 2015-2016 financial year from £1.8 billion in the previous 12 months -- a 97-percent drop due to the dip in oil prices, the data showed. Scotland`s public deficit also rose to £14.8 billion, up from £14.3 billion in the 2014-2015 financial year.

Wednesday, August 24, 2016  18:36


World - Celtic fans raise funds for Palestinian charities

Two Palestinian charities have picked up an unexpected financial windfall with £45000 (52000 euros, $59000) raised by supporters of Scottish Champions Celtic it was revealed on Monday. One of the historic club`s supporters groups Green Brigade launched the fundraising effort initially to match an anticipated £15000 fine from European governing body UEFA for fans waving Palestinian flags at last week`s Champions League qualifying first leg clash in Glasgow against Israeli side Hapoel Beersheba. The Green Brigade said the money for the Lajee centre would be put towards football kit and equipment so they can set up a team, to be called Aida Celtic and who will compete in the Bethlehem youth league.

Monday, August 22, 2016  19:13


World - Crystal Palace pay club record £27 mn fee for Benteke

Belgian international striker Christian Benteke became Crystal Palace`s record signing on Saturday as the Premier League club paid £27million (31m euros, $35m) with add ons to end his unhappy spell at rivals Liverpool. The 25-year-old, who cost Liverpool £32.5m when he joined from Aston Villa last year but fell out of favour with Liverpool manager Jurgen Klopp when he replaced Brendan Rodgers, said he was looking forward to moving on. `I`m very happy to commit my future to Crystal Palace and I`m looking forward to meeting the manager, the players and the staff,` Benteke told Palace`s official website.

Saturday, August 20, 2016  11:32


Business - Asia stocks wary, dollar slips before Fed Chair Yellen`s speech

SINGAPORE/TOKYO (Reuters) - Asian stocks were largely steady on Friday, with modest losses in some markets and gains in others reflecting nervousness before a keenly anticipated speech by U.S. Federal Reserve Chair Janet Yellen. European markets are also heading for a flat start, with financial spreadbetter CMC Markets expecting Britain`s FTSE 100 and Germany`s DAX to open little changed, and France`s CAC 40 to begin the day down 0.1 percent. `The expectation surrounding (Yellen`s speech) has been out of all proportion to the likely outcome, which in all probability is likely to be fairly benign,` Michael Hewson, chief market analyst at CMC Markets in London.

Friday, August 26, 2016  07:33


Business - Caution before Yellen`s Jackson Hole speech crimps risk appetites

By Shinichi Saoshiro TOKYO (Reuters) - Caution ahead of a speech by Federal Reserve Chair Janet Yellen`s speech at the annual gathering of central bankers in Jackson Hole, Wyoming, limited movements across global markets on Friday. Asian stocks tracked an overnight dip on Wall Street and edged down early in the session, while geopolitical tensions helped shore up crude oil prices. Risk markets were wary of the U.S. central bank hinting at near-term interest rate hike which could divert some of the massive liquidity that has drenched global markets.

Friday, August 26, 2016  01:37


World - Mourinho gives Schweinsteiger Man Utd warning

Manchester United manager Jose Mourinho indicated to out-of-favour midfielder Bastian Schweinsteiger on Friday that there will be no place for him at Old Trafford this season. The Germany international has two years to run on a reported £190,000-a-week ($251,000, 222,200 euros) contract, but has been frozen out by United`s new manager. Schweinsteiger, 32, has declared he will not join another European club and Mourinho suggested that if he stays, he may not even play in the Europa League or the English Football League Cup.

Friday, August 26, 2016  15:02


Business - Hong Kong tribunal finds short seller Citron culpable of misconduct

U.S.-based short-seller Citron Research was culpable of market misconduct with the publication of a research report in June 2012, a Hong Kong tribunal said on Friday, in a ruling that could redefine the boundaries of company research reports. The decision by Hong Kong`s Market Misconduct Tribunal (MMT) is also likely to stoke fears of a regulatory clampdown on publicly criticizing companies listed in the financial center, following other recent moves to curb negative research and short-selling. The ruling follows the Hong Kong`s Securities and Futures Commission (SFC) allegations that Citron founder Andrew Left engaged in market manipulation by spreading false or misleading information on Hong Kong-listed Chinese property developer China Evergrande Group .

Friday, August 26, 2016  12:59

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