Caribbean islan Puerto Rico has decided to implement VAT system from 1 April 2016 onwards exempting its manufacturing industry from paying taxes on imports of raw materials. The new tax system has been designed with an aim of facilitating the much controversial $1.5-bn stimulus plan for reviving the ailing economy. The Islan has also increased sales tax.

Sep 21, 2015 11:11 PM EDT

The current Asia Pacific Wealth Report 2015 showed Asia Pacific has a larger number of high net worth individuals compared to North America.

Sep 18, 2015 06:59 PM EDT

Everyday work stress you out draining most of your energy and worst, develops health problems. But there are ways you can combat stress and get back to work with more energy and optimism.

Sep 18, 2015 06:53 PM EDT

International creditors hope for a united grand coalition in the Greek government, especially between the Syriza and the New Democracy party, who are going neck to neck in the upcoming September 20 elections.

Sep 18, 2015 03:19 AM EDT

Berkeley's wage is set to rise to $19 by the year 2020, however business owners oppose the proposal saying it will put their business at risk a that will eventually lead to closure.

Sep 18, 2015 03:24 AM EDT

Being faced with several odds in Russia, Deutsche Bank has decided to withdraw some of its services from Russia. The alleged share trading by Russian unit of Deutsche Bank has become subject to investigation in the US. The German bank may stop 90 percent of its banking services in Russia soon.

Sep 18, 2015 02:57 AM EDT

It's a never-ending issue for McDonald's and other restaurants until they cease using antibiotics with their meat products. McDonald's received a "C" score for antibiotics overuse.

Sep 18, 2015 02:50 AM EDT

Legendary Disney animator, Glen Keane, shows in a demo video how he creates characters using HTC Vive virtual reality headset. Keane is known for his works with Disney movies, including Beauty and the Beast, The Little Mermaid and Aladdin.

Sep 18, 2015 12:39 AM EDT

Global cable group Altice is acquiring New York-based Cablevision for $17.7bn including debt. This makes Altice as the fourth largest cable provider in the US. Cablevision's CEO James Dolan will hand over the control to a group of Europeans after the Altice deal. Altice will pay $34.90 a share in cash taking the valuation of Cablevision equity to $9.6bn.

Sep 18, 2015 12:16 AM EDT

The recent survey from Reuters shows that U.S. universities are the home of the most innovative projects. Though Asian universities have been fairly competent with universities from Korea, Japan, Singapore, and China.

Sep 17, 2015 11:56 PM EDT

American technology giant in global database industry Oracle Corporation is shifting its focus on cloud offerings. Of late the database major has been facing stiff competition from new technology companies which offer cost-effective solutions via the internet. The shift to cloud could affect Oracle's revenues coming from business fee from existing customers running Oracle software at their data centers, analyses technology experts.

Sep 17, 2015 11:49 PM EDT

Family business contribute over 70 percent of global productions, but owners of them don't update their estate planning. It's estimated that over 50 percent of family business owners didn't update estate planning for more than five years. Perfect and updated family planning ensures the smooth transition of a property from one generation to other while exploiting many tax benefits as well, advise experts.

Sep 17, 2015 11:29 PM EDT