Reddit launched an independent news site, Upvoted
Reddit, the online community news website, had launched a new standalone content site called Upvoted. The company built it to highlight interesting contents from Reddit.
Oct 07, 2015 10:11 AM EDT
Illegal cocoa farmers' eviction to save Mont Peko National Park
Mont Peko National Park will be erased in the map in the coming years if the illegal farming of cacao will not be stopped. Already 99% of the 34,000 hectare park has now been destroyed including the habitat of different primate species.
Toyota to launch driverless cars by 2020, unveils semi-automatic Lexus GS
Toyota Motor Corp has launched a new car Lexus GS making its entry into the market of self-driving cars. The Japanse automobile major is planning to launch three semi-automatic models this year. Toyota will also launch driverless cars by 2020, the year of Olympics in Japan.
US firms stash $2.1T overseas to skip tax at home
Major US companies prefer to keep their overseas profits out of the country to avoid taxes. It's estimated that 500 large Amercian companies hold $2.1 trillion accumulated profits in safe havens. To repatriate this amount, the US companies need to pay $620 billion in taxes.
Latest News
These 10 cities consider short work hours as source of pride
Longer hours of work mean more fatigue and more stress. Who would ever want a longer period of work anyways? If you want a shorter period of work, 1 of these 10 cities might be the place for you.
Oct 06, 2015 5:25 AM EDT
Tax hike, cost reduction in Greece budget for 2016
Alexis Tsipras-led government has submitted a draft budget for 2016 to the Greece Parliament, The draft proposes stringent measures to reform the ailing economy. The measures include a tax hike, reduction in costs, slashing down in government spending, attracting foreign investment, etc.
Oct 06, 2015 5:07 AM EDT
American Apparel filed for bankruptcy protection; restructures $300M debt
American Apparel will restructure its debts upon filing for bankruptcy protection. CEO Paula Schneider said they plan the restructure for the next six months.
Oct 06, 2015 1:21 AM EDT
World Bank sees global poverty to slip below 10% for first time
The poverty percentage in the world population is poised to drop below 10 percent in 2015 for the first time, forecasts World Bank, which has raised the benchmark of international poverty line to $1.90per day from $1.25 a day in 2005 after taking Purchasing Power Parity (PPP) into consideration.
Oct 05, 2015 9:41 PM EDT
Breakthrough in Trans Pacific trade talks
12 countries including the US, Australia, Japan, New Zealand seem to have reached an agreement on Trans Pacific Partnership (TPP) after the prolonged negotiations over five years. It's learnt that agreeing on monopoly on new heathcare drugs is a major breakthrough in arriving the deal. Australis inistited on five year protection on new healthcare drugs, while the US is keen on longer term of monopoly. Sources say that they arrived on a balancing act by adopting a two-way track in drug pricing mechanism.
Oct 05, 2015 9:29 PM EDT
Will China impose a punitive tax on forex trades?
A senior Chinese official in an official magazine China Finance suggest the Chinese government to impose punitive leve or Tobin tax on forex transactions in Yuan. This suggestion has been made to reduce trading in the Chinese currency thus arresting the fall in forex reserves. Chinese government is offloading huge amounts of US dollars to supprt the falling Yuan ever since its devaluation on 11 August.
Oct 05, 2015 7:10 PM EDT
Users can now use a video as profile photo on Facebook
The newest in Facebook is already here and is taking UK and California by storm. If you are already bored with your old profile picture, just delete it and replace it with a profile video.
Oct 05, 2015 4:29 AM EDT
Boeing 777 propels Emirates Airlines' growth
Dubai-based Emirates Airlines is banking on wide-body aircraft for long-haul flight operations enabling it to become a global hub in the Middle East Region. Emirates is the world's biggest operator of Boeing 777 and Airbus A380 aircraft. The total aircraft fleet of Emirates includes 50 Airbus A380s and 100 Boeing 777 aircraft, which are playing a vital role in the success of the Dubai-based airline.
Oct 05, 2015 2:27 AM EDT
No role of nationality in antitrust probe: EU antitrust chief
European Competition Commissioner (ECC) Margrethe Vestager has become a target of the US media for ongoing cases against Google, Apple, Amazon and Starbucks. European antitrust chief Vestager clarifies that there's no role of nationality of companies in antitrust cases. Not only Amercian companies, but also several frims from different nations are facing charges in anticompetition, cartelling cases, etc.
Oct 04, 2015 10:03 PM EDT
Air France negotiation over pilot unions failed; 2,900 jobs at stake
Air France will cut nearly 3,000 jobs starting Monday. Reports say this is due to the airline's proposal that was rejected by the pilot unions.
Oct 04, 2015 9:55 PM EDT
Major French telecom groups are applying for 4G mobile spectrum auction
Four major French telecom groups had submitted their application to enter the low-spectrum airwaves bidding set to be held this November. The auction will see the government raising a substantial amount from the tangible assets.
Oct 04, 2015 9:34 PM EDT
Exxon Mobil is fined $2.63 million
The court had ruled out that Exxon Mobil is required to pay a total of $2.63 million in fine. The company is found guilty of committing several offences according to the final report released by the Pipeline and Hazardous Safety Administration.
Oct 04, 2015 7:11 PM EDT
Most Popular
Newsletters
Stay ahead in finance. Subscribe for expert insights, market updates, and investment strategies. Join our newsletter to secure your financial future.
Latest News
