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