Greek stock market plunges sharply after re-opening
Greece's stock market plummeted when it re-opened Monday. The biggest casualties were banks which shed 30%.
Aug 04, 2015 11:56 PM EDT
Trouble in the North: Canada's economy continues to shrink
The slowdown in most of Canada's industries and the weakening value of its currency added to the shrinkage of its economy by 0.2% in May. For five consecutive months, Canada has been experiencing a "complex and significant adjustment", as Bank of Canada governor Stephen Poloz calls it.
Stock markets expected to be under 4% annual growth
The slowdown in major economies is impacting the corporate performance and putting pressure on sales growth. Analysts forecast that the annual growth rate of stock markets is under 3.5% when adjusted with inflation.
Iran plans to buy 90 jets per year: old fleet to be renovated
Iran plans to rebuild its aged fleet by purchasing 90 planes per year from Boeing and Airbus, as soon as Western economic sanctions are lifted.
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University of Phoenix under FTC scrutiny for possible unfair business practices
After 4 years of GI Bill, the Federal Trade Commission is investigating University of Phoenix for possible deceptive and unfair business practices involving military veteran students.
Aug 03, 2015 1:53 AM EDT
Mexican government hikes dollar auction by almost 4 folds; holds rates
The second largest economy in Latin America is making all the possible efforts to prevent the arrest of its falling peso. It increased dollar auction to support the Mexican peso and waiting for US decision on interest rates.
Aug 03, 2015 1:42 AM EDT
Falling world oil prices result in job cuts
Energy giants take a hit as oil prices collapse. A number of companies, including Shell and Centrica in Britain, are cutting thousands of jobs to cope with losses.
Jul 31, 2015 8:21 AM EDT
Yemeksepeti CEO in Turkey gives out $27M to employees after sale
Yemeksepeti boss gave $27M to its 114 employees after selling his firm to Delivery Hero. Nevsat Aydin, the co-founder and CEO of Yemeksepeti, an online delivery website in Turkey, shared $27M of revenue to its 114 employees after Delivery Hero acquired the company in May.
Jul 29, 2015 11:12 PM EDT
Stronger US dollar is a threat to emerging markets' currencies, and to US economy
The 12% rise in the US dollar could result in another currency crisis in emerging markets as the weakening of local currencies will reduce the debt repayment capacity. The strengthening of dollar is expected to slow down its GDP growth as well.
Jul 29, 2015 10:25 PM EDT
A family of treasure hunters discovered $1M worth of gold coins in Florida seaboard
The Schmitt family found a set of gold coins in a shipwreck identified to be the 'Capitpana' a cargo ship that sank 300 years ago in Florida.
Jul 29, 2015 4:37 AM EDT
Not all cities are created equal: Here are the best places to retire abroad
Affordability, women's safety and investment value are just some of the things to consider in retiring abroad. Here's a quick guide for settling down overseas for retirement.
Jul 29, 2015 2:10 AM EDT
Disruptive Legislation: France re-examines taxi law amid Uber's rise
France is rethinking its taxi law as demand for Uber and other online ride-hailing services grows. This comes after Uber suspended its operations in France earlier this month.
Jul 28, 2015 2:42 AM EDT
Teva Pharmaceuticals buys Allergan PLC generic drug business for $40.5B
Teva, the global leader in generic medicine buys Allergan PLC for $40.5 billion. The deal will provide cheaper generic medicines around the world.
Jul 28, 2015 1:18 AM EDT
Europe invests $384M in search for alien life on Jupiter's moons
The European Space Agency goes on a mission to search for extraterrestrial life on Jupiter's icy moons. The UK-based agency is awarding $384M to Airbus for the space probe that launches in 2022.
Jul 27, 2015 10:32 PM EDT
Trump tops latest Republican polls
Donald Trump leads the Republican race a week and half before the party's first presidential debate. But while he is surging in the national and key early-state polls, Trump remains the least-liked candidate.
Jul 27, 2015 9:04 AM EDT
Al Shabaab suicide truck bomber kills 13 people at the Jazeera Palace Hotel in Somalia
A suicide truck expoded on the walls of Jazeera Palace Hotel in Somalia. Thirteen were killed and 21 were injured. The Al-Shabaab group took charge of the attack.
Jul 27, 2015 3:38 AM EDT
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