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Starbucks upbeat on record gift card sales on Christmas Eve

American coffee chain Starbucks is bullish on gift card sales this Christmas Eve. It sold 2.5 million gift cards last year. Starbucks has associated with Swarovski for selling $200 gift cards including $50 worth coffee that have been encrusted with crystals.

Dec 26, 2015 08:08 PM EST


Colombian Narco Submarine With 3 Tons of Coccaine Was Caught

A narco submarine was caught off the islands of Galapagos. The submarine was bound to U.S., carrying 3 tons of coccaine.

Dec 24, 2015 04:16 AM EST


ConocoPhillips exits Russia

After 23 years of doing business in Russia, ConocoPhillips has withdrawn from the country. It has confirmed the sale of 50 percent stake in Polar Lights, a joint venture with Russian government-owned Rosneft. Western sanctions on Russia are also impacting the oil and gas industry amid lower oil prices.

Dec 23, 2015 09:54 AM EST


US holiday travelers save big on cheaper gasoline - oil price watchdog

The average US gasoline price per gallon is hovering below $2. The US holiday travelers are expected to save $1.6 billion on gasoline this year. The US gasoline price eased to lowest since 2008.

Dec 23, 2015 10:11 AM EST


Consumer spending pumps up US economy to 2% in Q3

Led by consumer spending, the US economy grew two percent in third quarter as against 3.9 percent in the second quarter. Government outlay and business investment supported the US economy during the quarter while household buying kept up the demand during the third quarter.

Dec 23, 2015 09:33 AM EST


Lower oil price forces Shell to abort Arctic oil project

Anglo-Dutch oil major Shell has finally abandoned its drilling operations in Alaska Arctic region citing reason of oil price drop. Shell has been facing several regulatory and climatic challenges in addition to protests from environmentalists. The oil price has been hovering at $40 a barrel throughout 2015.

Dec 23, 2015 09:29 AM EST


The new Airbus A350 XWB jet is designed to beat jetlag

Airbus has created a new aircraft that is designed to eliminate jetlag. The plane, A350 XWB, arrived in the U.S. last week.

Dec 26, 2015 07:47 PM EST


Kazakhstan ups gold buying spree with Russia

Kazakhstan, Russia and Turkey have been expanding their gold reserves. Kazakhstan continued to buy gold for 38 months in a row. Bullion analysts said that as part of their long-term strategic need, emerging economies are buying gold.

Dec 22, 2015 09:49 PM EST


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