Puerto Rico's Government Development Bank is struggling to manage $72 billion in debt, the majority of which is from its own making. The first payment of $355 million of the general obligation debt is due December 1, but the country seems that it will have to default on that payment and subsequent payments. The debt was created from excessive lending and now the governor has asked the help of the US government to allow the country to file Chapter Nine bankruptcy.

Dec 02, 2015 08:29 AM EST

New York state is offering a unique pilot English language learning program that works through phone calls and text messages.. Candelaria Lopez a Mexican immigrant, living in the United States for 20 years, was pretty much only comfortable saying “Hi”. It was hard for her to find the energy to sit throuh a 3 hour session after her long days as a farmworker in a New York’s Hudson Valley region.

Dec 02, 2015 08:11 AM EST

A new Coca-Cola ad in Mexico has been taken down due to massive criticism that its depicts local indigenous groups poorly while also encouraging poor health.

Dec 02, 2015 05:32 AM EST

7-Eleven stores in the Asian market provide unique products and services to their customers unlike the originals in the US.

Dec 02, 2015 05:20 AM EST

Even if Yahoo is still one of the popular websites worldwide after Google and Facebook, the board is considering selling off its web properties. The decision is still pending until Friday.

Dec 02, 2015 05:12 AM EST

Egypt’s oil exports is in a steady decline amid growing domestic demand and increasing local production, while imports are steadily increasing.

Dec 02, 2015 05:07 AM EST

Indonesian officials said Tuesday that faulty rudder and inadequate response from the crew are the major reasons for the crash of the Indonesian AirAsia A320 on December 28 last year, killing 162 people on board.

Dec 02, 2015 05:02 AM EST

The Apec Summit 2015 held in the Philippines is expected to boost economic activities in the country’s southern region of Mindanao.

Dec 02, 2015 04:58 AM EST

China’s Alibaba has been acquiring companies for the past two years, but it is a wonder why its stock prices are continuously declining. Experts blame its strategy and China’s economic slowdown.

Dec 02, 2015 04:55 AM EST

AT&T increased the price for its unlimited data plans to $35 from $30 a month, the first hike since seven years.

Dec 02, 2015 04:53 AM EST

BlackBerry Ltd. will exit Pakistan to avoid the country’s government demands of unfettered access to its secure enterprise service servers.

Dec 02, 2015 04:47 AM EST

Honda Motor Co. will lift its employees’ retirement age to 65, making it one of the biggest companies in Japan to address the nation’s aging demographics.

Dec 02, 2015 04:44 AM EST

India’s Bharti Airtel Ltd will invest 600 billion rupees, or $8.98 billion, to protect market share as the country’s richest man, Mukesh Ambani, plans to invest $15 billion on cheaper 4G broadband network services.

Dec 02, 2015 04:40 AM EST

Kuwait on Sunday appoints Anas al-Saleh, its oil minister with its current finance minister and deputy prime minister, replacing Ali Al-Omair, who is now minister of public affairs and is still current state minister for parliamentary affairs.

Dec 02, 2015 04:36 AM EST

Samsung launches beta version web browser for Gear VR called Samsung Internet for Gear VR. It supports 360 degree and 3D video streaming as well as HTML5 video. The app is available for download in Oculus store starting on Dec 2.

Dec 02, 2015 03:25 AM EST