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Hillary Clinton criticizes Trans-Pacific trade pact

The US Democratic Presidential candidate Hillary Clinton has raised her voice against the 12 nation Trans-Pacific Partnership (TPP). Clinton said the agreement is not enough to keep tabs on currency manipulation or protecting consumers from high drug prices.

Oct 08, 2015 4:32 AM EDT

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Obama confident that Congress will vote in favor of TPP

Obama told the audience during a meeting that he is confident that U.S. congress will agree with the TPP agreement. The deal which is expected to create the world's largest free trade zone has been criticized by many that it will not bring any good to the US.

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Airbus calls off talks with Bombardier on C-Series Jet project

Airbus has called off the talks with Bombardier on C-Series jet project. Bombardier has been facing a rough weather in implementing C Series jet project, which is expected to enable the cash-strapped Canadian aviation major to compete with Airbus and Boeing in small passengers jets space.

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Reddit launched an independent news site, Upvoted

Reddit, the online community news website, had launched a new standalone content site called Upvoted. The company built it to highlight interesting contents from Reddit.

Illegal cocoa farmers' eviction to save Mont Peko National Park

Mont Peko National Park will be erased in the map in the coming years if the illegal farming of cacao will not be stopped. Already 99% of the 34,000 hectare park has now been destroyed including the habitat of different primate species.

Oct 07, 2015 9:47 AM EDT

Toyota to launch driverless cars by 2020, unveils semi-automatic Lexus GS

Toyota Motor Corp has launched a new car Lexus GS making its entry into the market of self-driving cars. The Japanse automobile major is planning to launch three semi-automatic models this year. Toyota will also launch driverless cars by 2020, the year of Olympics in Japan.

Oct 06, 2015 9:55 PM EDT

US firms stash $2.1T overseas to skip tax at home

Major US companies prefer to keep their overseas profits out of the country to avoid taxes. It's estimated that 500 large Amercian companies hold $2.1 trillion accumulated profits in safe havens. To repatriate this amount, the US companies need to pay $620 billion in taxes.

Oct 06, 2015 9:48 PM EDT

These 10 cities consider short work hours as source of pride

Longer hours of work mean more fatigue and more stress. Who would ever want a longer period of work anyways? If you want a shorter period of work, 1 of these 10 cities might be the place for you.

Oct 06, 2015 5:25 AM EDT

Tax hike, cost reduction in Greece budget for 2016

Alexis Tsipras-led government has submitted a draft budget for 2016 to the Greece Parliament, The draft proposes stringent measures to reform the ailing economy. The measures include a tax hike, reduction in costs, slashing down in government spending, attracting foreign investment, etc.

Oct 06, 2015 5:07 AM EDT

American Apparel filed for bankruptcy protection; restructures $300M debt

American Apparel will restructure its debts upon filing for bankruptcy protection. CEO Paula Schneider said they plan the restructure for the next six months.

Oct 06, 2015 1:21 AM EDT

World Bank sees global poverty to slip below 10% for first time

The poverty percentage in the world population is poised to drop below 10 percent in 2015 for the first time, forecasts World Bank, which has raised the benchmark of international poverty line to $1.90per day from $1.25 a day in 2005 after taking Purchasing Power Parity (PPP) into consideration.

Oct 05, 2015 9:41 PM EDT

Breakthrough in Trans Pacific trade talks

12 countries including the US, Australia, Japan, New Zealand seem to have reached an agreement on Trans Pacific Partnership (TPP) after the prolonged negotiations over five years. It's learnt that agreeing on monopoly on new heathcare drugs is a major breakthrough in arriving the deal. Australis inistited on five year protection on new healthcare drugs, while the US is keen on longer term of monopoly. Sources say that they arrived on a balancing act by adopting a two-way track in drug pricing mechanism.

Oct 05, 2015 9:29 PM EDT

Will China impose a punitive tax on forex trades?

A senior Chinese official in an official magazine China Finance suggest the Chinese government to impose punitive leve or Tobin tax on forex transactions in Yuan. This suggestion has been made to reduce trading in the Chinese currency thus arresting the fall in forex reserves. Chinese government is offloading huge amounts of US dollars to supprt the falling Yuan ever since its devaluation on 11 August.

Oct 05, 2015 7:10 PM EDT

Users can now use a video as profile photo on Facebook

The newest in Facebook is already here and is taking UK and California by storm. If you are already bored with your old profile picture, just delete it and replace it with a profile video.

Oct 05, 2015 4:29 AM EDT

Boeing 777 propels Emirates Airlines' growth

Dubai-based Emirates Airlines is banking on wide-body aircraft for long-haul flight operations enabling it to become a global hub in the Middle East Region. Emirates is the world's biggest operator of Boeing 777 and Airbus A380 aircraft. The total aircraft fleet of Emirates includes 50 Airbus A380s and 100 Boeing 777 aircraft, which are playing a vital role in the success of the Dubai-based airline.

Oct 05, 2015 2:27 AM EDT

No role of nationality in antitrust probe: EU antitrust chief

European Competition Commissioner (ECC) Margrethe Vestager has become a target of the US media for ongoing cases against Google, Apple, Amazon and Starbucks. European antitrust chief Vestager clarifies that there's no role of nationality of companies in antitrust cases. Not only Amercian companies, but also several frims from different nations are facing charges in anticompetition, cartelling cases, etc.

Oct 04, 2015 10:03 PM EDT