Ren Zhiqiang: Latest Victim of China’s Tougher Cyber Laws: Mulls For Further Toughening
China has been widely criticized for strict cyber laws. On Sunday, the communist government has mulled its legislative power to impose ban on accounts of former Chinese tycoon, Ren Zhiqiang. While around 40 Chinese journalists have been confined in jail as victims of tougher cyber laws, the communist government is going to enact further tougher laws on March 10.
Feb 29, 2016 9:24 AM EST
Eskom to Receive Last Payment of 5 Billion Rand Bailout By Next Week
Next week, Eskom will be paid the remaining balance from the bailout. Eskom CE Brian Molefe expressed frustration to learn that Finance Minister Pravin Gordhan announced that the funds will be withheld. Treasury informed that the fund will be transferred and is already being processed.
UK's Finance Minister pushes G20 against Brexit
UK's Finance Minister George Osborne may take leverage of Group of 20 to support Britain to stay with the European Union (EU). G20 meeting is being held on 26-27 February in Shanghai. Brexit may be a major outcome at the G20 finance ministers meeting.
New Zealand can sustain low inflation according to Finance Minister Bill English
According to Bill English, New Zealand can sustain low inflation as the central bank aim to reduce borrowing costs, if needed. New Zealand is hoping to achieve economic stability amid the global financial crisis.
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Syrian Refugees in Turkey Contributed to the Country's Economic Growth According to Government Officials
Turkish government officials acknowledged that the influx of Syrian refugees to the country has contributed in boosting the economy. Turkey’s economic growth has seen an unexpected growth in the third quarter, even as some economic aspects suffered and strained from the flow of migrants.
Feb 24, 2016 9:27 AM EST
Massive cocoa production will revive struggling economy of West Africa
Experts of African economy believe that the growing cocoa production will help the West African countries to recover from the flagging economic condition.
Feb 19, 2016 9:18 AM EST
Zimbabwe Suffers Severe Drought And Is In Need Of $1.5 Billion Aid
Zimbabwe suffers a massive disaster in the form of drought which has hit immensely on the entire country. The Vice president Emmerson Mnangagwa has appealed for $1.5bn aid from the local businesses and charities to save more than a quarter of his population from extreme water scarcity.
Feb 12, 2016 7:31 AM EST
Global growth concerns hammer down Europe stocks drop for 7th day
For seven sessions in a row, European stocks suffered losses amid growing concerns about the global economy growth. The lower oil prices, disappointing quarterly results and sluggish global markets are also taking a toll on European stocks. Indicating the alarming situation in the European financial sector, the cost insuring debt against default reached its peak since 2013.
Feb 10, 2016 8:29 AM EST
Hillary Clinton Gets Endorsement From Boston Globe, Praising Her For Her Concern On Gun Control And Immigration Issues
The Boston Globe has endorsed Hillary Clinton in the Democratic presidential nomination. The newspaper praises Mrs. Clinton for her concern in the gun control and immigration issues. This endorsement is one of the other two endorsements she has obtained earlier.
Jan 25, 2016 8:30 AM EST
Deezer raises $109 million despite cancelling its IPO plan
Paris-based music streaming service Deezer has raised around $109 million in a Series E round of funding led by Access Industries. The latest funding will help the company to attract more subscribers even after putting their IPO plan on halt.
Jan 21, 2016 8:08 PM EST
Global fears prevent US Fed from rate hike plan
The adverse conditions in the global economy and weaker stocks on Wall Street may prevent the US Federal Reserve from going for a rate hike again. Some analysts forecast four more rate hikes in 2016, while Reuters' poll indicate three times hike this year. The slump in commodities, weaker global markets, slowdown in China's economy and lower oil prices are causes of concerns for the US Fed as these are upsetting the Wall Street.
Jan 21, 2016 7:58 PM EST
Freshii to Help Consumers Through 'These Dark Hours' as Chipotle Closes Stores Nationwide for Employee Meeting
Chipotle will close their stores across the country on February 8 for a few hours so that corporate officials can discuss the new steps the company is taking about food safety. The chain has been hit by frequent outbreaks of food-borne illnesses in the past year, with the cause not yet announced.
Jan 21, 2016 7:53 PM EST
Space Gardening: A flower blooms in International Space Station for the first time
Previously, an experiment team of a space gardening project called Veggie has also succeeded planting consumable lettuce. The flower bloom is a remarkable step forward to a more advanced technique and choice of plants to grow in space. The project was established because NASA seeks to learn how astronauts can grow their own food in space to sustain long-term space journey.
Jan 21, 2016 7:40 PM EST
ISIS Supporter Hacks Tsinghua University of China’s Website to Show Support to Jihad
The website for students and lecturers should have displayed links to class resources and informations. But instead, it showed pictures of militants and the verses of Quran in Arabic.
Jan 18, 2016 9:45 PM EST
Dense Fog Halts Delhi Airport For 6 Hours, Further Deterioration Feared
Delhi residents have been witnessing chilling cold, drizzling and heavy fog. The Fog is so dense that visibility range has been reported to remain around 75 meters during 10 am to 4 pm. Despite adopting highest ILS, CAT IIIB, air movement has been kept stalled for around 6 hours. According to IGIA met office partly thundery weather may prevail on Sunday next.
Jan 11, 2016 6:43 AM EST
5 US airlines hike base fares
The US-based five airlines - Delta, Southwest, American, United and Virgin America have raised base fare on domestic travel. The hike is effective for corporate, leisure and discounted fares. Airlines are bullish on margins as business travel is expected to be stable even leisure travel takes a dip. The five airlines control 80 percent of the US domestic travel. Airlines are set to post surge in operational profits owing to lower fuel costs.
Jan 08, 2016 4:56 AM EST
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