Result Page 32 for Latest World News & Archive

World

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

News

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.

News

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.

News

China restaurant charges diners for breathing unpolluted air

An eatery in Jiangsu Province, China, has charged customers an air cleaning fee on their food bills. The local government said that the fee is illegal and ordered the restaurant owners to fix their pricing system.

AEP reaches settlement on coal-fired power plants in Ohio

AEP Ohio said that it has reached a settlement with Ohio state regulators and other parties for long-term contracts with its coal-fired generators. The agreement is expected to be ruled in early 2016.

Dec 15, 2015 10:31 PM EST

Deeper recession, faster CPI, higher rate squeezing Brazil

Latin American nation Brazil is suffering from rising inflation, unemployment and drop in economy growth. The Brazil's central bank is expected to raise interest rate in 2016 and this will further enhance borrowing costs putting more pressure on business and industry.

Dec 15, 2015 9:49 PM EST

Fashion Website Gilt To Be Sold for $250 Million: Hudson’s Bay is the Prospective Buyer

Gilt is into talks with Hudson’s Bay to sell off its business at $250 million. The value of Gilt group is surely slashed from where it was a couple of years ago. The deal is however yet to be finalized early in the coming year.

Dec 15, 2015 7:54 PM EST

Apple Inc Acquired the San Jose Chip Making Plant for $18.2 Million

The San Jose chip manufacturing facility plant is purchased by Apple Inc. for $18.2 million. The purpose of buying the plot is still not known. Samsung semiconductor is the new neighbor for Apple after this recent purchase.

Dec 15, 2015 4:38 AM EST

China leaves US, Japan behind in patent race

With 928,000 patent applications in 2014, China emerged as the leading country in the patent race, surpassing the US and Japan, which ranked at second and third positions respectively. China's patent applications rose 12.5 percent during the year, the US grew 1.3 percent, while Japan declined by 0.7 percent. The total number of patent applications in 2014 were 2.7 million.

Dec 15, 2015 4:00 AM EST

Baidu Self Driving Bus to Hit the Road in Three Years

Baidu Inc., the China Internet giant prepares its self-driving bus to hit the road in the next three years.

Dec 15, 2015 3:54 AM EST

Kia Self Driving Car Will Roam Nevada Road

Nevada public road will see a KIA car without driver roaming the road as the Korean company obtain a license to test its autonomous driving technology.

Dec 15, 2015 3:52 AM EST

Despite BG takeover, Shell to slash jobs

Royal Dutch Shell is keen on slashing jobs by 2,800 as part of its cost reduction exercise. Shell is acquiring BG Group Plc in a £40-billion takeover, for which it has received all the required regulatory approvals. However, considering the lower oil price, shareholders raise questions that offer is overpriced for BG Group plc. The acquisition deal is poised to be over by early 2016.

Dec 15, 2015 3:42 AM EST

Prismatic will shut down its news app for iOS, Android and Web

Prismatic declared that it will no longer be available for iOS, Android, and web news reader products

Dec 15, 2015 3:41 AM EST

Airbus owners reach out future operators for Singapore Airlines’ planes

The owners of five Airbus' A380s leased to Singapore Airlines seek for potential future operators for the planes as the Airlins is still mulling whether to extend the leases.

Dec 15, 2015 3:36 AM EST

Asian stocks trade lower on thin volumes; Oil below $36/ bbl

Asian stocks were trading lower ahead of US Federal Reserve meeting, which will be held during 15-16 December 2015. Barring Shanghai index, all Asian indices ended lower on thin volumes. Oil price slipped below $36 a barrel. Japanese Nikkei index dropped to 10-week low. The Wall Street ended withlosses last week.

Dec 15, 2015 2:08 AM EST

Renault-Nissan’s CEO: Electric vehicle is an affordable solution to reduce global emissions

The CEO of Renault-Nissan Alliance Carlos Ghosn stated that the electric vehicle is the practical and affordable way to reach the goal of a low carbon economy. The statement follows the COP21 event in Paris that goals to reduce gas emissions that cause climate change.

Dec 15, 2015 2:06 AM EST