Unicorn status for $1.8B ZocDoc
ZocDoc, digital healthcare scheduling company has rounded $1.8 billion giving it the unicorn status for the first time. Expansion will be used for developing products and beyond its scheduling capability.
Aug 24, 2015 2:03 AM EDT
Biomass answers Britain's energy trilemma
UK is almost running out of energy and the government is trying to find which is the best option. They are eyeing biomass which according to them is cost effective and is readily available when and where needed.
Oil price crash-hit Kazakhstan's currency tumbles over 23% in free-float trading
Suffering from oil price crash, Kazakhstan has allowed free-float trading in its currency Tenge, which fell steeply 23% creating tremors in the central Asian economy.
Iran's huge potential now open for global investments as crisis-hit nation comes out of sanctions
With the five nations led by the US lifting the sanctions on Iran, the underdeveloped oil and gas sector in the fourth largest oil reserves country offers huge investment and growth potential for global companies.
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McDonald's hit with labor and tax malpractice allegations during Brazil hearing
McDonald's has been hit with allegations suggesting they have been avoiding tax payments and abusing employees during a hearing in Brazil.
Aug 21, 2015 3:37 AM EDT
Global sluggishness erodes $9B in Norway's pension fund
Several factors including sluggishness in the US, EU markets, poor returns on bonds, oil price drop, Greece economy crisis impacted the world's largest soverign fund, Norway's Pension Fund, in a negative way.
Aug 21, 2015 2:00 AM EDT
European bailout fund grants release of aid to Greece
European bailout fund supervisors have approved the release of the first tranche of financial aid to economically-troubled Greece. This comes after the German parliament and other assemblies in Europe adopted the €86 billion bailout package for Greece.
Aug 21, 2015 12:53 AM EDT
Volatile Chinese markets drive nervous investors to offload
The volatility in the Chinese stock markets is pushing nervous investors to offload their investment. the slowdown in China's economy, oil price drop and possible rate hike by US Fed are impacting the market sentiment.
Aug 20, 2015 2:41 AM EDT
Venezuela's currency against US dollar tumbles 737%
Venezuela's currency, the Bolivar, against the US dollar is falling by the day. The bolivar fell over 700% in just 12 months indicating the worst economy conditions, increasing inflation rate, drop in oil export revenues. The country is heading towards default on its debt repayment.
Aug 19, 2015 11:45 PM EDT
Global stocks emerging platform for varied returns for investors
The variation in different economies offer a variety of returns for investors. Trading in global stocks enable investors to offset the risk associated with one country with another.
Aug 19, 2015 10:47 PM EDT
Tianjin blasts estimated to $1.5 billion in insurance claims
Due to a chain reaction of explosion, China has now an estimated of $1.5 billion of insurance claims from individuals and different business sectors. The blast that killed hundreds, injured many and left other missing created great damage to the many establishments surrounding the area and polluted the air with toxic substances.
Aug 19, 2015 1:56 AM EDT
Euro nations take a vote on Greece bailout ahead of crucial meetings
Many European nations are holding crucial meetings on the third round of bailout package to Greek. The Eurozone is divided over euro 86B package to the ailing Greece economy. A clear picture is likely to emerge after Wednesday.
Aug 19, 2015 1:05 AM EDT
What has schooling got to do with retail? India's top e-retailers are running free 'universities'
Free “universities” are becoming a fast growing trend among India’s top online retailers with millions of merchants in the country selling their products online.
Aug 18, 2015 9:10 AM EDT
Merkel makes case for Greek bailout ahead of key parliamentary vote
Facing a potential rebellion from allies in parliament, German Chancellor Angela Merkel appears on TV trying to shore up support for a Greek bailout. Merkel says she expects the International Monetary Fund to take park in the bailout.
Aug 18, 2015 7:06 AM EDT
Indigo Airlines Confirms Order of $26.6B worth Airbus Jets
Largest budget airline in India confirms $26.6B deal with Airbus to purchase jets. IndiGo is the largest local airline in India in terms of market share.
Aug 18, 2015 7:03 AM EDT
Puerto Rico responds to fiscal crisis with a regressive tax that could hurt country's bottom line, poor people
Puerto Rico is increasing its sales tax to 11.5% from 7% on July in a bid to address its fiscal problems. This is considered a regressive move that could ultimately hurt the country’s bottom line and its countless poor people.
Aug 18, 2015 6:50 AM EDT
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