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.
Dec 14, 2015 3:19 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.
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.
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.
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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
Yahoo! Mail now allows Gmail accounts access
Yahoo Mail added Gmail account access on it's new app with smarter contacts manager and some extra new features.
Dec 12, 2015 3:28 AM EST
Oil slump major risk for Malaysia debt
The debt-ridden 1Malaysia Development Bhd (1MDB) is in the process of selling assets to reduce its debt. Though it has already identified buyers for its asset sale, investors say the oil price slump is the major concern over the nation's financial situation. Oil revenues account for 22 percent of total Malaysian government revenues. The government is planning to impose higher taxes to compensate oil price drop.
Dec 11, 2015 10:18 AM EST
Morgan Stanley in $225 million deal with U.S. regulator
National Credit Union Administration (NCUA) filed lawsuits against banking lenders includng Morgan Stanley for allegedly selling faulty mortgage-backed securities. Morgan Stanley without admiting its fault, has agreed to pay $225 million to seele the claims. The total value of such claims recovered by NCUA reached to $2.43 billion since 2011.
Dec 11, 2015 10:09 AM EST
Wal-Mart Marketing head Stephen Quinn to retire, says WSJ
The longtime Marketing Chief Officer of Wal-Mart Store’s Inc., Stephen Quinn, plans to step down by the end of January.
Dec 11, 2015 9:58 AM EST
US imposes new sanction to North Korea: Strategic Rocket Force added to the list
Last Tuesday, the U.S. imposed new financial sanctions targeting North Korea's Strategic Rocket Force.
Dec 11, 2015 9:53 AM EST
EU warns Thailand of airline safety enhancement
Thailand’s airlines have been spared a ban from European skies despite concerns over flight safety in the country. Last Thursday, EU regulators issued a special warning over travelling on Airlines from Thailand, but stopped short of following last week’s US damaging safety downgrade for a country heavily dependent on tourism.
Dec 11, 2015 9:34 AM EST
Beijing continues to suffer from pollution, but Delhi's air quality is 150% worse
While Beijing residents continue to struggle through a period of unusually high air pollution, similarly high smog levels are a fact of life for many in different parts of the world, where Beijing-style warning systems aren't in force. In the past week, during which Beijing's air pollution has been at its most severe, air quality has been 150% worse in Delhi, India's capital.
Dec 11, 2015 7:49 AM EST
E. Coli Outbreak and The Biggest Food Recall in 2015
Several cases of food E. coli outbreak have become headline this year. E.coli may have been the major cause of food recall in 2015 along with listeria bacteria and defect.
Dec 11, 2015 4:35 AM EST
Chipotle Mexican Grill in Seattle Closed for the Violation of Food Safety
The Chipotle restaurant was closed by the Seattle-King and County, public health officials due to the violation of the food safety policies. People are suffering from various illness after eating in this restaurant chain.
Dec 11, 2015 4:19 AM EST
Asian stocks ending week on weaker note as commodities remain sluggish
Asian stocks set for weaker weekly closing on sluggish commodities prices. The continuous oil price drop and further weaker Yuan currency also weakened the investor confidence. The market players were in wait and watch mode ahead of US Fed meeting next week.
Dec 11, 2015 4:13 AM EST
'Spencer' The Robot Is Here to Save the Day
Spencer now helps traveler to find their way from 30th November at Schiphol Amsterdam Airport. Spencer is the robot that guides travelers to get their way at Schiphol Amsterdam Airport in case they missed the flight.
Dec 11, 2015 4:11 AM EST
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