Daily Archives: January 13, 2017

‫جي أيه سي موتور تعيد اختراع سيارات الدفع الرباعي بسيارتها جي أس 7 الفائقة في معرض السيارات الدولي بديترويت 2017

ديترويت، 13 كانون الثاني/يناير، 2017 / بي آر نيوزواير / — تعرض شركة جي أيه سي موتور، شركة صناعة السيارات الصينية  الوحيدة التي تعرض منتجاتها في معرض أميركا الشمالية الدولي للسيارات  في الفترة بين 8-22 كانون الثاني/يناير 2017، ثلاثة موديلات جديدة بما فيها السيارة الكهربائية الأولى جي إي 3، والسيارة الرياضية جي أس 7 والسيارة […]

China foreign trade surplus fell 9.1 per cent in 2016

Beijing, Rabi’II 15, 1438, Jan 13, 2017, SPA — China’s foreign trade surplus fell by 3.35 trillion yuan (486 billion US dollars) in 2016, down 9.1 per cent from a year earlier, customs data showed Friday.
According to dpa, this followed a slight rebound in the fourth quarter with exports rising 0.3 per cent from last year and imports going up by 8.7 per cent, compared to a 0.3 per cent decrease in exports and a 2.3 per cent rise in imports in the third quarter.  General Administration of Customs spokesperson Huang Songping said China had “complicated and grim” conditions for foreign trade last year, but foreign trade started to pick up steam from the second half of 2016.  China has faced heavy criticism from trade partners for issues such as repeated devaluation of the national currency renminbi, which makes Chinese exports cheaper and imports into China more expensive.  European Union countries and the United States have also pushed against China’s excess production in sectors including steel and aluminium, with the European Union imposing anti-dumping duties.  US president-elect Donald Trump may further limit the growth of China’s exports by imposing trade protectionist measures, Huang told reporters Friday.
He added that rising costs and other factors will make it difficult for China’s foreign trade to improve in 2017.  Trump’s stance towards China’s trade could bring about long-term structural weakness in China’s exports as it “will likely motivate US businesses to move their manufacturing facilities away from China,” according to a Friday statement from ANZ Banking Group.”Sluggish global demand and anti-globalisation sentiment will continue to cloud Asia’s export outlook, including China’s,” the report said.  After decades of growth at a breakneck pace, China’s economy grew by only 6.9 per cent in 2015, the slowest growth in more than a quarter of a century.
–SPA
12:49 LOCAL TIME 09:49 GMT

Wall Street Closing

NEW YORK, Rabi’II 15, 1438, Jan 13, 2017, SPA– U.S. stocks closed lower Thursday while Wall Street prepared for the start of earnings season.
In U.S. economic news, weekly jobless claims rose less than expected while import prices increased last month, boosted by higher oil prices.
In corporate news, major banks JPMorgan Chase, Wells Fargo, and Bank of America all are scheduled to report quarterly results Friday before the bell.
The dollar fell 0.4 percent against a basket of currencies. Light sweet crude oil for February delivery rose 89 cents to $53.14 per barrel on the New York Mercantile, while gold futures declined 90 cents to $1,195.70 an ounce.
The Dow Jones industrial average lost 63.62, or 0.32 percent, to 19,890.66. The broader Standard & Poor’s 500 index dropped 4.88, or 0.21 percent, to 2,270.44. The technology-heavy Nasdaq composite index decreased 16.16, or 0.29 percent, to 5,547.49.
–SPA
11:14 LOCAL TIME 08:14 GMT

Palo Alto Networks Brings Cybersecurity Insights to World Economic Forum Annual Meeting in Davos

Leadership is Key to Preventing Cyber Breaches and Maintaining Trust in the Digital Age LONDON, Jan. 13, 2017 /PRNewswire/ — Palo Alto Networks® (NYSE: PANW), the next-generation security company, today announced that its CEO Mark McLaughlin and vice chairman and Japan chief security officer (CSO) William Saito, will bring a unique perspective on addressing current […]

India’s SpiceJet to Buy 205 Boeing Jets Worth 22 Billion Dollars

New Delhi, Indian budget airline SpiceJet will purchase 205 planes worth 22 billion dollars from US manufacturer Boeing, one of the biggest orders ever made by an Indian airline, according to an agreement announced Friday. The deal, which includes 100 …

China’s Trade Surplus Down 9.1 Pct in 2016

Beijing, China’s foreign trade surplus dropped to 3.35 trillion yuan (about $486 billion) in 2016, down 9.1 percent from a year earlier, China’s General Administration of Customs data showed Friday, according to Xinhua news agency. The country’s export…

Global Unemployment to Rise by 3.4 Million in 2017, ILO Report Finds

Geneva, Global unemployment is expected to slightly rise by 0.1 percent to 5.8 percent in 2017 representing an increase of 3.4 million in the number of jobless people, a new ILO report shows.

The number of unemployed persons globally in 2017 is forecast to stand at just over 201 million � with an additional rise of 2.7 million expected in 2018 � as the pace of labor force growth exceeds job creation, according to the ILO’s World Employment and Social Outlook � Trends 2017 (WESO).

“We are facing the twin challenge of repairing the damage caused by the global economic and social crisis and creating quality jobs for the tens of millions of new labor market entrants every year,” said ILO Director-General Guy Ryder.

“Economic growth continues to disappoint and underperform � both in terms of levels and the degree of inclusion. This paints a worrisome picture for the global economy and its ability to generate enough jobs. Let alone quality jobs. Persistent high levels of vulnerable forms of employment combined with clear lack of progress in job quality � even in countries where aggregate figures are improving � are alarming. We need to ensure that the gains of growth are shared in an inclusive manner,” he added.

The report shows that vulnerable forms of employment such as contributing family workers and own account workers are expected to stay above 42 percent of total employment, accounting for 1.4 billion people worldwide in 2017.

The number of workers in vulnerable employment is projected to grow by 11 million per year, with Southern Asia and sub-Saharan Africa being the most affected.

Source: Qatar News Agency

Moldova to Receive 100 Million Euros of EU Aid

Brussels, Moldova will receive up to 100 million euros (106 million dollars) of EU assistance to meet its most pressing financing needs, the European Commission said Friday. The country will be provided with up to 40 million euros in grants and up to 6…