David, Victoria Beckham buying country's most expensive home for $57mn
The most popular couple David and Victoria Beckham are reportedly buying an estate home for $57 million. The estate is located in The Cotswolds in south central England and considered to be most expensive estate house in the country. The estate house was built in 1865 and is categorized as cultural heritage as it falls under Grade-II listed building.
Nov 19, 2015 8:45 PM EST
South African Inflation Rose to 4.7% in October
South African inflation in October rose to 4.7%, in line with the forecast. South Africa, the Africa's most developed country faces an increase in inflation rate to 4.
Kurdistan bypasses Baghdad; looks to more buyers for oil
Kurdistan Regional Government (KRG) is bypassing Baghdad to continue oil exports independently. After waiting for its righteous share in budget allocations, KRG has decided to go ahead with oil exports on its own. It's taking several measures to avoid Baghdad's detection in oil exports.
Construction scandal in Tokyo hits property sales
The data manipulation pertaining to piles' strength has been creating tremors in the Tokyo's apartment market. The ongoing probe into 546 projects is impacting the market as buyers prefer to wait and watch until total clarity emerges. Some developers have even postponed their apartment sales.
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Metals prices soften on slump in Chinese consumption; Zinc at 6-year low
The metals prices are dropping continuously owing to bleak demand in the China's market, the world's biggest consumer of metals. The metals prices fell to 2010 level low while zinc is trading at a six-year low. The slump in China's commodity market is also causing an oversupply.
Nov 19, 2015 1:27 AM EST
Bomb Threat Enforce Two Air France Flights To Be Diverted
Two Air France flights bound for Paris were diverted after bomb threat this Tuesday. One of the plane was landed in Salt Lake City, Utah and another one in Halifax.
Nov 19, 2015 12:22 AM EST
China Thoroughly Scrutinizes eCommerce: Will The Country Be Successful In Controlling Fake Goods?
China is trying hard to revamp the entire eCommerce market through quality control measures. China authorities have introduced certain hard and fast rules and regulations to enhance their image in the global platform.
Nov 18, 2015 11:12 PM EST
AliBaba Keeps Dominating The Market Despite Of The Counterfeit Goods Issue
Last week Alibaba made history when it sold $14 billion of merchandise in a single day more than Cyber Monday and Black Friday deals combined.
Nov 18, 2015 7:29 PM EST
Foreigners Are Piling In As Argentina Open Doors For Business
For the first time in two decades, the US Chamber Of Commerce is bringing business leaders to Argentina.
Nov 18, 2015 7:27 PM EST
How Traffickers Uitilize Social Media To Tempt Teenagers Into Sex Work
Traffickers worldwide are increasingly using social media to contact vulnerable teenagers and sell them into sex work.
Nov 17, 2015 10:31 PM EST
Obama to sign TPP deal with Philippines and Vietnam in APEC Summit
President Barack Obama is expected to talk more regarding the TPP during the APEC summit which will be attended by many leaders including Chinese President Xi Jinping. The summit will also see Vietnam and Philippines to sign the pact.
Nov 16, 2015 9:24 PM EST
China Doubles The Deposit For Stock Margin Trading
China will double the deposit required for investors to borrow funds to trade stocks, known as margin trading.
Nov 16, 2015 8:21 PM EST
Cisco And Ericsson Join Hands To Create Networks Of Future
Next generation strategic partnership will drive growth, accelerate innovation, and speed digital transformation demanded by customers across industries.
Nov 16, 2015 8:16 PM EST
EasyJet expected to announce £700 million of profit next week
London-based low-cost airline carrier, EasyJet is set to post its highest ever annual profits of about £700 million next week. Analysts are optimistic that recent hike in the number of passengers will offset the Sharm el-Sheikh crisis.
Nov 16, 2015 7:54 AM EST
US Fed may hike interest rate in December
The top officials at US Federal Reserve are indicating a possible rise in interest rate in next December meeting if economic data is supportive. On the other hand, the rising dollar and weak global economy are impacting US exports, while easing pressure on imports.
Nov 16, 2015 3:05 AM EST
Alibaba Group may acquire SCMP group
Alibaba Group, a China-based e-commerce major, is said to be in negotiations to acquire SCMP Group, which runs China Daily. Alibaba is investing in media companies.
Nov 16, 2015 3:01 AM EST
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