Result Page 68 for Latest World News & Archive

World

McDonald's hit with labor and tax malpractice allegations during Brazil hearing

McDonald's has been hit with allegations suggesting they have been avoiding tax payments and abusing employees during a hearing in Brazil.

Aug 21, 2015 3:37 AM EDT

World

Global sluggishness erodes $9B in Norway's pension fund

Several factors including sluggishness in the US, EU markets, poor returns on bonds, oil price drop, Greece economy crisis impacted the world's largest soverign fund, Norway's Pension Fund, in a negative way.

World

European bailout fund grants release of aid to Greece

European bailout fund supervisors have approved the release of the first tranche of financial aid to economically-troubled Greece. This comes after the German parliament and other assemblies in Europe adopted the €86 billion bailout package for Greece.

News

Volatile Chinese markets drive nervous investors to offload

The volatility in the Chinese stock markets is pushing nervous investors to offload their investment. the slowdown in China's economy, oil price drop and possible rate hike by US Fed are impacting the market sentiment.

Venezuela's currency against US dollar tumbles 737%

Venezuela's currency, the Bolivar, against the US dollar is falling by the day. The bolivar fell over 700% in just 12 months indicating the worst economy conditions, increasing inflation rate, drop in oil export revenues. The country is heading towards default on its debt repayment.

Aug 19, 2015 11:45 PM EDT

Global stocks emerging platform for varied returns for investors

The variation in different economies offer a variety of returns for investors. Trading in global stocks enable investors to offset the risk associated with one country with another.

Aug 19, 2015 10:47 PM EDT

Tianjin blasts estimated to $1.5 billion in insurance claims

Due to a chain reaction of explosion, China has now an estimated of $1.5 billion of insurance claims from individuals and different business sectors. The blast that killed hundreds, injured many and left other missing created great damage to the many establishments surrounding the area and polluted the air with toxic substances.

Aug 19, 2015 1:56 AM EDT

Euro nations take a vote on Greece bailout ahead of crucial meetings

Many European nations are holding crucial meetings on the third round of bailout package to Greek. The Eurozone is divided over euro 86B package to the ailing Greece economy. A clear picture is likely to emerge after Wednesday.

Aug 19, 2015 1:05 AM EDT

What has schooling got to do with retail? India's top e-retailers are running free 'universities'

Free “universities” are becoming a fast growing trend among India’s top online retailers with millions of merchants in the country selling their products online.

Aug 18, 2015 9:10 AM EDT

Merkel makes case for Greek bailout ahead of key parliamentary vote

Facing a potential rebellion from allies in parliament, German Chancellor Angela Merkel appears on TV trying to shore up support for a Greek bailout. Merkel says she expects the International Monetary Fund to take park in the bailout.

Aug 18, 2015 7:06 AM EDT

Indigo Airlines Confirms Order of $26.6B worth Airbus Jets

Largest budget airline in India confirms $26.6B deal with Airbus to purchase jets. IndiGo is the largest local airline in India in terms of market share.

Aug 18, 2015 7:03 AM EDT

Puerto Rico responds to fiscal crisis with a regressive tax that could hurt country's bottom line, poor people

Puerto Rico is increasing its sales tax to 11.5% from 7% on July in a bid to address its fiscal problems. This is considered a regressive move that could ultimately hurt the country’s bottom line and its countless poor people.

Aug 18, 2015 6:50 AM EDT

India recruits private sector executives to head state bank reforms

The Indian government recruited executives from the private sector to lead two of the biggest state-owned banks, making it the first such appointments in a wide-range reform strategy to challenge the dominant but often inefficient lenders backed by the government.

Aug 17, 2015 11:32 PM EDT

Financial Struggle: Fidel Castro shares his biggest regrets

Former Cuban president and revolutionary Fidel Castro made startling admissions to Citigroup executive Bill Rhodes, who said that the Latin American leader regretted kicking out the IMF from the country and assigning Che Guevara as the chief of the Cuban central bank.

Aug 17, 2015 11:26 PM EDT

Forensic science group LGC up for sale at £700m, owner Bridgepoint expects huge returns

LGC, the forensic science service provider that has been helping police solve crime is now up for grabs at £700 million by its private equity firm owner, Bridgepoint.

Aug 17, 2015 9:10 AM EDT

Air pollution in China kills 4,400 people a day: study

China death toll increases to more than a million due to inhalation of harmful substances that linger in the air which comes from burning fuels. Studies showed that a large percentage of the population is experiencing 120 hours or more of unhealthy air.

Aug 17, 2015 9:08 AM EDT