Articles by Staff Writer

Exports, funds inflow pulled up Ireland's GDP

Supported by exports and capital investments, Ireland's GDP grew 1.9% during the second quarter and 6.7% on annualized basis. The Irish economy is among the fastest-growing European nations for the continuous second year. Ireland is also accepting refugees adn taking necessary measures to support them.

Sep 11, 2015 02:43 AM EDT


Immigrants beneficial to Germany in the long run

Germany sees a long-term benefit in accepting immigrants now. Germany is suffering from rapidly ageing population and low birth rate.

Sep 11, 2015 02:40 AM EDT


Beauty products are the next big thing in Korean export

While every country is struggling with their economy, Korea has found a new way to increase its growth. Through K-pop, Korean cosmetics will be one of the beauty products that every consumers will now use from different countries and in the coming future.

Sep 11, 2015 02:12 AM EDT


Toyota investing $50 million in artificial intelligence for cars

Toyota announced their five years investment plan for research in the artificial intelligence sector with MIT and Stanford Univesity.

Sep 11, 2015 02:11 AM EDT


YouTube responds to advertisers clamor for more data transparency

YouTube is planning to give more option to advertisers when using their advertisement services including allowing third-party services.

Sep 11, 2015 02:07 AM EDT


Europe milk over-supply makes it cheaper than water

Europe is selling milk cheaper than water. Because of the food embargo imposed by Moscow and the decreased demand of China, dairy farmers are struggling forcing them to sell their precious produce lower than their production cost.

Sep 11, 2015 02:00 AM EDT


Offshore Yuan drops as China steps back from market intervention

Offshore Yuan was rising on intervention of Chinese government and dropping, when the central bank restricting its support. As a result, Chinese currency is fluctuating in domestic and Hong Kong markets. The market intervention has resulted in huge drop in the country's forex reserves.

Sep 11, 2015 01:56 AM EDT


China economy concerns: It's overdone, says Goldman Sachs

Goldman Sachs assures investors that the global markets need not worry over the China's economy slowdown, currency devaluation or drop in manufacturing industry output as it's overdone already. China is growing at seven percent and this is enough to create new jobs and support the transition of economy from infrastructure-based to consumer spending based economy.

Sep 10, 2015 11:42 PM EDT


Corruption scandal rocks crisis-hit Brazil while government gears up for tax hike

At a time when the corruption scandal is shaking the Brazil, the government is thinking of raising tax rates. On the other hand, Brazil's economy is projected to shrink by two percent for 2015. The budget deficit is alarmingly widening.

Sep 10, 2015 11:35 PM EDT


MMI Holdings profit slips 10%

South African insurance company MMI Holdings' profit fell 9.8% for the year ending June. Market volatility, inflation rise and economic slowdown impacted the insurer's performance. As part of its diversification plan, MMI Holdings is expanding overseas and developing new products.

Sep 10, 2015 11:19 PM EDT


China Panda TV is Amazon Twitch.tv's nemesis

Amazon Twitch.tv will meet its difficult rival, Panda TV and will just be surprised. It will be facilitated by Wang Sicong, chairman of Prometheus Capital and son of Wang Jianlin, the wealthiest man in China and the chairman of Dalian Wanda Group.

Sep 10, 2015 09:46 AM EDT


HTC is being removed from a major index on Taiwan’s stock exchange on September 21

HTC is being removed from Taiwan Stock Exchange FTSE TWSE Taiwan 50 index days after the company reported its lowest revenue in 8 years.

Sep 10, 2015 09:31 AM EDT


Kirin to purchase more stakes in Southeast Asian companies as it sees economic potential

Kirin, the leading Japanese brewery brand is seeking more stake purchase of Southeast Asian companies as the economic growth in the area continues to rise.

Sep 10, 2015 09:08 AM EDT


TD Bank Group CEO to Exercise Options and Donate Acquired Shares to Charity

TD Bank Group CEO Tim Hockey will exercises 28,812 options and plans to donate the portion of his shares to charity.

Sep 10, 2015 08:55 AM EDT


Automotive Lean Manufacturing Techniques Revamp Wisconsin Maker of U.S. Navy Warships

With the use of lean manufacturing techniques from the automotive industry, a $100 million worth of investments, and a more engaged workforce, the Wisconsin shipyard where U.S. Navy's coastal warships are built was revamped.

Sep 10, 2015 08:44 AM EDT


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