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Barclays New Chairman McFarlane Fires CEO Anthony Jenkins due to poor performance and organizational rift

Barclays Chairman McFarlane who joined the company in April announced the canning of CEO Jenkins. The decision was reportedly due to bank's performance under Anthony Jenkins.

Jul 09, 2015 10:20 AM EDT


Citibank Is Working On Its Own Digital Currency, Citicoin Proposing U.K. Government To Run Its Own Digital Cash

Citibank is currently working out on a new digital currency called Citicoin which is also similar to Bitcoin. Though the company is proposing countries, U.K. in particular to provide its own digital cash.

Jul 09, 2015 9:34 AM EDT


China Stock Falls Down Over Two Weeks Despite The Series of Emergency Measures To Avoid It From Crashing

For two consecutive weeks, China is still reviving its deteriorated stock market despite a series of attempts for it to survive. Authorities in China are still silent about it.

Jul 09, 2015 7:50 AM EDT


NBA Star Injured by iPhone 6 Plus

NBA star developed an injury with sharp pains that lasted for months. Others may be suffering from the same problem allegedly caused by iPhone 6 Plus.

Jul 08, 2015 4:19 AM EDT


Euro Suffered from Greece's Turmoil but Continues to Show Stability

Some observers were surprised with the market's reaction to the Greek dilemma. Experts say it could be an expected crisis that investors were already prepared for while others say the worst is yet to come.

Jul 07, 2015 11:04 AM EDT


Greece Voted 61.5% No to Bailout

Athens celebrated a majority no vote against creditors' bailout offer. Greek banks closed with limited access to cash while Tsipras works on new negotiations.

Jul 07, 2015 3:56 AM EDT


Europol reveals arrest of 49 cyber criminals

Dozens of suspected cyber crime offenders were arrested by the Europol police after a series of investigations were conducted by law enforcement officers from UK and Belgium respectively.

Jun 13, 2015 10:31 AM EDT


Line to make best of untapped streaming music market in Japan

Line, a popular messaging app operator, has launched its music streaming service- 'Line Music' in Japan making a headstart in virtually untapped market of mobile music business.

Jun 13, 2015 9:29 AM EDT


New Xprize contest to give out $7 million for mobile apps promoting adult literacy

The new Xprize challenge will award $7 million for mobile apps developers who can best address adult literacy concerns. The competition is jointly presented by the Barbara Bush Foundation and the Dollar General Literacy Foundation.

Jun 10, 2015 4:44 AM EDT


India launches “Khoya Paya”, a website for missing children

India decides to fight kidnapping by launching "Khoya Paya" , a "lost and found" website for missing children.

Jun 07, 2015 10:59 AM EDT


Orange plans expansion in North Africa while ending ties with Israel to strenghten Middle East relationship

Orange expands to North Africa as a way to enter the Middle East market. The telecomsoperator expresed its desire to end affiliation with Israel's Partner Communications Ltd to give way to Arab pressure.

Jun 07, 2015 6:22 AM EDT


Google shareholders dismiss ISS recommendations to withhold vote as all director-candidates got re-elected

Despite ISS warnings, Google sharehoders reelected all eleven board of directors in its annual stockholders meeting held on 3 June. ISS warned investors against voting for John Doerr, Paul Otellini, and Ram Shriram in connection with executive pay awarded to Executive Chairman Eric Schmidt and Chief Business Officer Omid Kordestani.

Jun 07, 2015 5:57 AM EDT