Second Largest Diamond Discovered After More Than A Century In Botswana
A 1,111 carat gem quality diamond second in size only to the Cullinan diamond cut into the British crown jewels has been unearthed.
Nov 20, 2015 5:58 AM EST
Nokia Sees Business Potential in Africa Despite Economic Slowdown
Nokia is bullish on business potential in African continet. The ongoing consolidation phase in Africa is creating investment opportunity for mobile operators, who also require more capital for acquairing spectrum. On the other hand, several African nations are witnessing economic slowdown, But, Nokia is confident that these economic factors maynot impact the telecommunications sector.
UK To Phase Out Coal Fired Power Plants by 2025
The UK Government is announcing that it is phasing out its coal fired power stations which generate electricity by 2025 and replacing it by gas and nuclear power. Environmental groups while welcoming the move have criticised the government for failing to focus on renewable energies.
Alibaba names Gobi Partners its investment manager for $130-mn Entrepreneurs Fund
Alibaba Group has launched Entrepreneurs Fund for Hong Kong and Taiwan markets. The Chinese e-Commerce major has earmarked HK$ 1 billion for Hong Kong and NT$10 billion for Taiwan. Startups and new entrepreneurs can take advantage of Alibaba's infrastructure and expertise.
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Asia's appetite for gold not enough to lift global demand
Bullion analysts rule out that growing middle classes in China and India can influence the gold price. Gold is currently trading at a five-year low. If US Fed raises the interest rate, the price of gold may slip below $1,000 an ounce. Gold price has been hovering above $1,000 level for the past six years.
Nov 20, 2015 1:09 AM EST
Liberty Global To Purchase Cable & Wireless Communications Worth $5.3 Billion
International cable TV company, Liberty Global says it is acquiring cable and wireless communication worth $5.3 billion deal.
Nov 19, 2015 11:24 PM EST
Blacks to Patronize Black-Owned Businesses Only
Should black go out and only buy things from black owned businesses? Maggie Anderson and her family believe, they should.
Nov 19, 2015 11:20 PM EST
Ola Beats Uber In the App Race: Is It Just The $500M Fresh Funding Or There Is Something More To it?
Ola wins the taxi app battle with the $500M funding from the giants though Uber is giving a tough competition in the rat race. The innovative ideas and new ventures are also paving the growth path for the Ola founders.
Nov 19, 2015 11:13 PM EST
Baidu Merges With Citic: China Opens-Up A New Door For Online Banking Market
Banking people required to be motivated to be a part of the online banking world. The pairing of Baidu and Citic will certainly show some meaningful improvement in the Chinese economy.
Nov 19, 2015 11:11 PM EST
The Deadly Figures Of Air Pollution Effect: A Silent Killer To Be Worried About
Have you ever thought that the lifesaving air you are breathing can take your life away too? Air pollution is becoming one of the life-threatening environmental diseases. The ever growing figures of deaths causing by it can shock you instantly.
Nov 19, 2015 10:58 PM EST
David, Victoria Beckham buying country's most expensive home for $57mn
The most popular couple David and Victoria Beckham are reportedly buying an estate home for $57 million. The estate is located in The Cotswolds in south central England and considered to be most expensive estate house in the country. The estate house was built in 1865 and is categorized as cultural heritage as it falls under Grade-II listed building.
Nov 19, 2015 8:45 PM EST
South African Inflation Rose to 4.7% in October
South African inflation in October rose to 4.7%, in line with the forecast. South Africa, the Africa's most developed country faces an increase in inflation rate to 4.
Nov 19, 2015 3:57 AM EST
Kurdistan bypasses Baghdad; looks to more buyers for oil
Kurdistan Regional Government (KRG) is bypassing Baghdad to continue oil exports independently. After waiting for its righteous share in budget allocations, KRG has decided to go ahead with oil exports on its own. It's taking several measures to avoid Baghdad's detection in oil exports.
Nov 19, 2015 2:00 AM EST
Construction scandal in Tokyo hits property sales
The data manipulation pertaining to piles' strength has been creating tremors in the Tokyo's apartment market. The ongoing probe into 546 projects is impacting the market as buyers prefer to wait and watch until total clarity emerges. Some developers have even postponed their apartment sales.
Nov 19, 2015 1:40 AM EST
Metals prices soften on slump in Chinese consumption; Zinc at 6-year low
The metals prices are dropping continuously owing to bleak demand in the China's market, the world's biggest consumer of metals. The metals prices fell to 2010 level low while zinc is trading at a six-year low. The slump in China's commodity market is also causing an oversupply.
Nov 19, 2015 1:27 AM EST
Bomb Threat Enforce Two Air France Flights To Be Diverted
Two Air France flights bound for Paris were diverted after bomb threat this Tuesday. One of the plane was landed in Salt Lake City, Utah and another one in Halifax.
Nov 19, 2015 12:22 AM EST
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