Talks about U.S. confiscated property in Cuba begins
Faced with sorting out nearly six decades of financial claims and counterclaims against one another that run into the hundreds of billions of dollars, diplomats from the United States and Cuba resorted on Tuesday over one of the most contentious issues remaining between the two countries. The two sides are sitting down for the first time to discuss the American properties Cuba confiscated decades ago.
Dec 14, 2015 4:00 AM EST
Paris Talks: All is well for India in deal, except coal line
India’s coal plans came under repeated attack from developed nations and western media during the two-week climate change conference in Paris. India mostly agrees with the Paris agreement to make a transition to renewable energy. But the inclusion of one line in the article dealing with the deal’s purpose might prove to be a big irritant in its plans to build coal-fired power plants
Public comments flood in as FDA seeks the meaning of “natural” in food labels
The FDA has received thousands on public comments about the use of "natural" labels on foods. The agency asks the public to comment on food labelling until February 10 next year.
Embarrassing Qatar Airways Debut Flight in the U.S.
Qatar Airways first flight from U.S. ended in an embarrassing failure. Its new Airbus A350 failed to take off in New York's JFK Airport on Thursday.
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DraftKings and FanDuel got temporary reprieve after operations got suspended in New York
A Supreme Court Appellate Division judge gave daily fantasy sports giants DraftKings and FanDuel temporary reprieve to continue its operations in New York until January 4.
Dec 14, 2015 3:11 AM EST
China's oil processing up as plants' operations resume
China’s crude processing surged to record high as the country’s refineries restarted producing up to 10.73 million barrels per day.
Dec 14, 2015 2:59 AM EST
Jumbo jets may be heading to extinction amid changes in regulations, business dynamics
The wide-body, long-range jumbo jets are facing tough competition from new age turbofan engine technology. The new mini-jumbo jets with twin-engines and fuel-efficient offer long-haul flight. Relying on these turbofan engined aircraft, many airlines are switching away from the hub and spoke model, which has been more dependent on jumbo jets. Changes in regulations and business dynamics are seeing the days of heavy jumbo jets numbered. Airbus and Boeing suffer from lack of new orders for their wide-body aircraft.
Dec 13, 2015 10:11 PM EST
To raise money, Syria government imposes tax on Shawarma, restaurants
The Syrian government has imposed taxes on shawarma, and has imposed harsher laws on other everyday life businesses to keep economy going amidst the on-going civil war.
Dec 13, 2015 9:55 PM EST
Colombian central bank hints at rate hike
The Colombian central bank is likely to hike interest rate in its meeting on 18 December. The central bank in its previous three meetings raised the interest rate. The Colombina economy is growing at faster rate than any Latin American economy. However, Colombia is still suffering widening gap of current account deficit.
Dec 13, 2015 9:47 PM EST
Congress to abolish crude export restrictions, oil refiners to receive $3 a barrel tax break
Forty year old oil export restrictions to be lifted in exchange of tax credit conditions from the Democrats.
Dec 13, 2015 9:45 PM EST
Chinese family businesses should learn from Vatican financial discrepancies
Two Italian journalists authored two books -- ‘Merchants in the Temple’ and ‘Avarice.’ These books highlighted the financial discrepancies at Vatican City. The Vatican Bank had a reputation of tax evasion and money laundering. The Vatican Pension Fund has €800-million deficit. Media reports say Chinese businesses have a lot to learn from the Vatican.
Dec 13, 2015 9:44 PM EST
On-demand parking service Luxe offers subcription options
Luxe, a parking service app, now offers a subscription option for consumers who frequently use the valet parking service. Starting at $139 per month, Luxe claims that its subscription service is up to 40% cheaper that current monthly parking option.
Dec 13, 2015 9:35 PM EST
Ted Cruz Campaign collects psychological data from Millions of Facebook users
US Presidential Candidate Ted Cruz collected massive psychological data from unwitting US Facebook users to boost his position in the presidential race.
Dec 13, 2015 9:34 PM EST
Talks of Dow-DuPont Merger: Futuristiic Powerful Mergers Can Help to Reshape the US Corporates
The big stakes are being built in big companies by the active new investors. It will help in reshaping the US corporate structure.
Dec 13, 2015 2:09 AM EST
Designer Paul Smith reorganized his fashion empire after worst performing annual profit
Britain fashion icon Paul Smith reorganized his company after annual profits halved into the lowest levels since its 40-year existence.
Dec 13, 2015 1:43 AM EST
SuperAwesome, Poki online games develops safe ads platform for kids, ensures VTech Hack won't happen again
SuperAwesome teamed up with the Poki online games to develop AwesomeAds, an advertising platform safe for kids.
Dec 13, 2015 1:30 AM EST
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