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China GDP slows down, dents mining companies' profits in Q2; raw materials at 6-year low

With prices of raw materials going down, mining companies are reeling under pressure. The slowdown in China economy is impacting their margins. Many mining companies are poised to slash costs.

Aug 24, 2015 04:40 AM EDT


Drop in consumption, exports squeeze Japan’s export basket

Japane suffered drop in exports during the second quarter this year. This coupled with fall in personal conumption put pressure the world's third largest economy slowing down the growth rate to 1.6% as against the forecast of 1.9%.

Aug 24, 2015 02:53 AM EDT


ACLU is looking for mistreated Amazon employees

The American Civil Liberties Union is now taking action over the issues concerning Amazon employees.

Aug 24, 2015 02:32 AM EDT


Ashley Madison victims now being blackmailed

First the Ashley Madison hacking and now the extortion follows. Recall that there were more than 30 million profiles that were included in the data dump of the so-called cheating website.

Aug 25, 2015 03:48 AM EDT


Chicago catching up fast as next Silicon Valley hub

Chicago is emerging as next potential city for future Silicon Valley tech hub as it leaves other citities behind with advantages such as young educated population, affordable real estate, presence of global IT companies, availability of VC funding and other social parameters.

Aug 24, 2015 02:27 AM EDT


US allows social security benefits for same-sex spouses

As mandated by the Justice Department, gay couples can soon get social security benefits that their dead spouse worked so hard for.

Aug 24, 2015 02:21 AM EDT


Spotify says sorry over new private policy

Spotify CEO Daniel Ek says sorry in Spotify blog regarding the unfair privacy policy the music streaming app is applying. Reports say Spotify obtains personal information and sends it to advertisers.

Aug 24, 2015 01:56 AM EDT


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 02:03 AM EDT


51,000 Madewell Sandals Recalled Due to Fall Hazard

A particular Madewell sandal recalled due to fall hazard. The recall was done because a metal shank from the inside of the shoe can dislodge and come out of the bottom of the outsole.

Aug 24, 2015 01:51 AM EDT


Footise erodes GBP46bn as global markets tumble on China growth fears; over $3.3tr evaporate in global equities

Latest data showing slowdown in China's manufacturing sector created tremors in the global markets. All the world indices tumbled on panic selling spree. This eroded market valuation of FTSE-100 by GBP46bn and global stocks by $3.3tr.

Aug 24, 2015 01:50 AM EDT


Glass Pool to be Constructed 10 Storeys Above London Building

A floating glass pool is to be constructed atop a London apartment building. The pool is said to provide the sensation of floating.

Aug 24, 2015 01:45 AM EDT


Maxymiser acquisition to fortify Oracle Marketing Cloud

Oracle has signed an agreement to acquire Maxymiser. The latest buyout will help Oracle further strengthen its Oracle Marketing Cloud.

Aug 24, 2015 01:44 AM EDT


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