Relieved Northern China: Free from the Deadly Smog after Five Days
Interestingly, just when China took a pledge to fight with global warming in Paris meet, Northern part of China is covered with deadly smog. Chinese people got some relief after a strong winter wind helped to clear out the haze after five days.
Dec 07, 2015 8:13 AM EST
Delhi Pollution- If the Air is being Shared, Why Isn’t the Responsibility?
To combat with Delhi pollution, people need to be responsible first. Beijing, the closest competitor of Delhi in air pollution introduced odd-even number vehicle restrictions way back 2008 Olympics. This measure can be implemented on an immediate basis without any expense.
Generic Drug Sale widens in Japan as Takeda and Teva join hands
Teva pharmaceuticals which is said to be the world's largest generic drug maker has joined hands with Takeda Pharmaceutical Co, for a definitive agreement to sell generic drugs in Japan.
Iron ore below $40 as China's reserves at 7-month high
The China's economy slowdown and concerns about possible interest rate hike by US Federal Reserve are impacting iron ore prices, which are hovering at $40 per metric ton. Adding to this, the increased supplies from global majors are further putting pressure on iron ore prices. The sluggish Chinese steel industry has also become a cause of concern.
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Volkswagen hold talks with investors in Qatar following emission scandal
Volkswagen's CEO, chairman, and top shareholders held talks in Qatar to discuss the company's emissions tests scandal and Volkswagen's new structure and future business focus. The Qatar investor was calling for changes in the Volkswagen management following the emissions scandal that has cost the shareholders billions.
Dec 07, 2015 2:10 AM EST
Amazon logs into new delivery tool; deploys its own truck trailers
Amazon is adding thousands of trailers to its shipping fleet. The Amazon branded trailers are owned by the retailer while trucks would be provided by third-party truck companies. The new fleet of trailers will be used for shipment of inventory between warehouses of Amazon, but not for direct delivery to shoppers. Amazon hopes to strengthen its supply chain management fulfilling its two delivery options on the same day or within two days.
Dec 07, 2015 2:07 AM EST
Modi-led Indian government seeks corporatization of state firms
India’s Prime Minister Narendra Modi is in favor of corporatizing state-run firms. He calls for a combined effort of central government and states to ensure sustainable economic recovery. While criticizing the old concept of divesting or closing down of state-run firms, Modi aims at bringing efficiency in the public sector undertakings (PSUs).
Dec 07, 2015 2:04 AM EST
Mexico's Pemex enters the US market
Mexican petroleum major Pemex has opened its first overseas gasoline station in Houston. Pemex will set up five more gasoline stations in the US as part of its expansion plan. The Mexican energy giant is suffering from oil price drop in addition to lower production level. The Mexcian government has opened up its energy sector by allowing foreign companies to set up gasoline stations in Mexico.
Dec 07, 2015 1:59 AM EST
Barclays banking on India Post Service for expansion
Barclays Plc is keen on working with India Post to spread its services across the country. The Department of Post is among 17 firms that have been approved to set up Payment Banks in India. The huge infrastructure and Common Service Centres of India Post are attracting many global and domestic banking giants.
Dec 07, 2015 1:56 AM EST
Volkswagen sales skid 20% in UK, 25% in US
Since the broke out of emissions scandal, Volkswagen has been suffering from sluggish sales volume. The sales of German auto major fell 20% in the UK and 25% in the US during November, while it managed to sustan in its home market as sales dip marginally by three percent.
Dec 07, 2015 1:54 AM EST
Banana Republic sales continue to slump
Banana Republic, a brand of Gap Inc, has been suffeirng sluggish sales for the past seven months. it fell 15 percent in November. Gap Inc is witnessing declining sales across its 3,700 stores. Banana Republic is in the process fo redesing product range to win the hearts of buyers.
Dec 07, 2015 1:47 AM EST
Canada gets crude oil from Enbridge Line 9B
The oil produced in western Canada has turned out to be cheaper than imports. This situation is driving oil refineries in eastern Canada to get crude oil from western Canada. Enbridge's Line 9B, a newly reversed pipeline started pumping oil to eastern Canadian refinery.
Dec 07, 2015 1:42 AM EST
Swatch collaboration with Visa for its new "pay-by-the-wrist" watch
Swatch partners with VISA for easy payment through 'pay-by-the-wrist' watch. This gadget with great feature is currently available in Switzerland, U.S., and Brazil.
Dec 06, 2015 10:26 PM EST
OPEC overwhelmed by COP21, Oil Supply, Emerging Market growth decline
The biggest problem that OPEC has to face is the threat of COP21’s hydrocarbon assets, the structural trends in oil supply, and the Chinese economic slowdown, which seem to have also slowed emerging markets’ growth.
Dec 06, 2015 3:51 AM EST
Some Hoverboard Explosions Raise Safety Concern
The hottest toy in 2015 is a hoverboard. However, recent incidents of explosion arise safety concern.
Dec 04, 2015 9:38 AM EST
The Shining Star Wars Droid BB-8: Studded With Diamonds and 18-Karat Gold
The Star War BB-8 droid is immortalized in gold and silver by Kay Jewellers. It is said to have collaborated with the Disney Consumer Products.
Dec 04, 2015 9:12 AM EST
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