World


Latest News


Nestlé’s Nespresso provides bigger cups of coffee for Americans

Switzerland is welcoming another Nespresso plant to be situated in Rosmont to cater to America's preference for bigger cups of coffee. It will be the only Nespresso plant to produce pods for VertuoLine to boost more sales in the U.S.

Sep 14, 2015 01:48 AM EDT


Iran to sell crude oil to Asia on a huge discount in a bid to regain market share in the region

Iran provided good news by reducing the price of its crude oil being sold to Asia come October. Iran is trying to win back its market share in the oil industry competing with other OPEC members, specially Saudi Arabia.

Sep 14, 2015 01:53 AM EDT


Australian dollar recovers as unemployment figures went down

Australia is one of the countries being hit by the global economic turmoil. Now, it is beginning to recover as many businesses hire more employees resulting in the decrease of unemployment rate making the Australian dollar regains its strength.

Sep 14, 2015 01:47 AM EDT


German industrial output gains points, most intense in July

The German industry is beginning to cope up from the previous months of economic slowdown. More goods are now produced, creating more jobs and dropping the rate of unemployment.

Sep 14, 2015 01:43 AM EDT


Stephen Colbert's The Late Show interview with Uber CEO interrupted by cabbie protesters

Stephen Colbert's The Late Night Show interview with Uber CEO Travis Kalanick was interrupted when two cabbies yell at the audience protesting how the CEO is killing the taxi industry.

Sep 14, 2015 01:38 AM EDT


Toyota suspends production at three Japan plants due to heavy rains

Toyota announced the company will suspend its day production in three plants located in Miyagi until further notice, as a safety precaution. Japan have been hit by flood after Typhoon Etau hits the country.

Sep 11, 2015 09:06 AM EDT


China deflation feared as producer prices fall anew

Fears of deflation in China intensify as producer prices in August plummet for the 42nd time in a row. The decline is attributed to lower demand as well as duplication of industries across China.

Sep 14, 2015 01:36 AM EDT


GE sells transport finance unit to BMO

The US-based global major General Electric has decided to sel the transportation finance unit of GE Capital to BMO Financial Group. GE has decided to focus on its core industrial segment, while disposing non-interest business divisions. It has set a target of $100bn for 2015 through asset sale.

Sep 11, 2015 08:28 AM EDT


Drop in UK export brought fears for pound's stability

UK is now manufacturing less because of the large decline of goods for exports especially weapons. This brings back the fear of the pound's stability in the shaky global economic recovery.

Sep 11, 2015 09:09 AM EDT


Shanghai Gold Exchange allows gold, other securities as collateral trading

Shanghai Gold Exchange has allowed physical gold as collatarel on futures contracts. The exchange has also approved silver, Yuan-denominated stocks, bonds, treasuries as collateral usage. The move is aimed at enhancing trading volumes and attractive investors from other markets.

Sep 11, 2015 08:27 AM EDT


Nintendo partnered with Niantic to develop the real-world mobile game, Pokémon Go

The much-loved cartoon monsters on TV, Pokémon, will have its mobile game version in 2016. Nintendo tied up with Niantic to launch the free-to-play game Pokémon Go. Players could catch pocket monsters around their vicinity through their smartphone's location.

Sep 11, 2015 06:22 AM EDT


Immigrants beneficial to Germany in the long run

Germany sees a long-term benefit in accepting immigrants now. Germany is suffering from rapidly ageing population and low birth rate.

Sep 11, 2015 02:40 AM EDT


Real Time Analytics