Result Page 28 for Latest World News & Archive

World

Seattle passes law: Uber and Lyft drivers to form Unions

Seattle City has become the first in the nation to pass a bill allowing Uber, Lyft and other ride-hailing services to form unions over pay and working conditions.

Dec 17, 2015 4:07 AM EST

World

Kleppierre join hands with Entra: Oslo Shopping Center to be bought for $578 million

Kleppierre, jointly with Entra has signed a sale and purchase agreement to acquire Oslo Shopping Center. The companies have agreed to buy the shopping center for $578 million.

News

Russia's Ukraine bond is official sovereign debt: IMF

IMF's board has confirmed that Russia's holding of Ukraine bond is sovereign debt, but not a commercial bond. The due date on payment of Ukraine bond is 20 December. Russia is gearing up to take legal action if Ukraine doesn't pay within a 10-day grace period.

News

No new Boeing 747 for Air Force One: Congress

The U.S. White House decided to delay Boeing 747 order for the new Air Force One upgrade to fiscal 2017. The congressional negotiators provide less than expected spending bill for the presidential aircraft

Moody's lowers rating on South Arica to 'negative' from 'stable'

South Africa's rating has been downgraded by Moody's from stable to negative. The sluggish economy, rising risks and political pressures are primary reasons for downgrading. The most developed nation in Africa is lagging in human and physical infrastructure resources. The country needs to enhance the skills set of people to make them employable.

Dec 17, 2015 1:53 AM EST

Lower fuel costs propel airline profits high

The year-long price weakness in oil is helping airlines post record level profits. During the last nine months of 2015, the US aviation industry recorded over 60 percent growth in profits. Fuel account for 30 percent of operating expenses of airlines. The drop in oil price is boosting operating profits. Airlines are also passing the oil price drop benefit to passengers as they slashed airfares.

Dec 17, 2015 1:41 AM EST

China, Belgium lead foreigners' offloading in US Treasuries

Foreigners offloading in US Treasuries reached its peak in October. China has been selling US debt after devaluing the Yuan. China also offloads through its Belgium third party account. Many other countries are also selling US Treasuries ahead of US Federal Reserve meeting.

Dec 16, 2015 10:11 PM EST

Handy Smart Wallet EKSTER Secures Belongings & Recharges Mobile Battery

Ekster, the calf leather built smart wallet, introduced by Kickstarter, Phorce appointed marketing agent, is witnessing a huge customer demand due to its unique features which include securing preserved cards through wi-fi, GPS tracking of lost device, super power storage capability as well as recharging to other devices.

Dec 16, 2015 6:25 AM EST

Google Unveils Designer Smartwatches, Info Personalized Android Wear

Google’s Tuesday’s announcement on bringing new designer watch faces to the Android Wear portfolio in collaboration with nine other crop designers, provides the users an opportunity to imagine smartwatches in more personalized and contextual manner.

Dec 16, 2015 6:20 AM EST

Delhi Bans Diesel Car Registration: Bold Step in Tackling Climate Changes

Concerns over rising air pollution and keeping the coffers full- two major issues need to fight for, by the Delhi Government. But since air pollution has reached to its hazardous level, a single path left for Kejriwal government to choose. Suggestions to opt for petrol run car while discouraging diesel run cars, facilitating city dwellers with more transport buses on government’s behalf and ignoring lower price of diesel on citizen’s behalf, may be the effective measures while combating climate change.

Dec 16, 2015 6:15 AM EST

Canada to Legalize Marijuana

Canadian Prime Minister Justin Trudeau is going to devise and implement a system to effectively legalize and regulate marijuana. In a step towards this Trudeau's administration repeated its pledge to legalize marijuana in a speech outlining its agenda as parliament resumes after the 19 October election. The government however will restrict the access to it to prevent misuse.

Dec 16, 2015 5:24 AM EST

Asian stocks rise on Wall Street gains

Tracking overnight gains on the US markets, Asian stocks rose on Wednesday. The market is looking to the decision of US Federal Reserve on interest rate. The recovery in oil prices and short covering were the major reasons for the rebound on Asian markets.

Dec 16, 2015 4:00 AM EST

Hong Kong stocks rebound from longest losing streak since 1984

Hong Kong stocks recovered from nine-session losses, the worst phase since July 1984. The market is eagerly waiting for the outcome of the US Fed meeting. The Chinese government has postponed the reduction proposal in retail petrol prices. The fresh rally in energy stocks boosted Hong Kong and China indices.

Dec 16, 2015 3:56 AM EST

Bosnia catching up for Arab investments

Bosnia, a southeast European nation, is attracting not only tourists from the Middle East region but also investors. Arabs are investing heavily in Bosnia's capital city Sarajevo. Bosnia is facing unemployment problem, which is at 40 percent. The country is still suffering from the impact of war. With Arab projects coming up in Bosnia, the tourism sector is set to emerge as an alternative to glamorous Swiss resorts.

Dec 16, 2015 3:40 AM EST

Indian indices rose ahead of Fed decision

Indian equities slipped into pressure as foreign investors pulled off heavily ahead of US Fed meeting. However, the benchmark indices recovered from six-year lows to end the trading on a positive note on Tuesday. The US Fed rate hike is discounted by India amid lower oil prices. Indian imports oil for its 80 percent of energy requirements. Fund managers are bullish on Indian markets for 2016. The surge in consumer prices is positing a tough task for RBI Governor Raghuram Rajan.

Dec 16, 2015 3:37 AM EST

Yuan at 4-year low against the US dollar

After being added to IMF's basket of currencies, Chinese Yuan fell for eight out of 10 sessions, recording its longest run of losses since June. The Chinese currency against the US dollar dropped to four-year low. However, it rose against 11 of 16 major currencies. Chinese central bank in a statement said that Yuan shouldn't be measured by its fluctuations only against the US dollar, but also against other major currencies.

Dec 16, 2015 3:01 AM EST