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These Cuban Guys are Corporate America's bridge to business in Cuba

It has been a half century since Cuba since the Bay of Pigs and now and they are looking for a better future with the diplomacy with America. The raising of the American flag is symbolizes the warming ties between the said countries.

Aug 24, 2015 02:50 AM EDT


Unicorn status for $1.8B ZocDoc

ZocDoc, digital healthcare scheduling company has rounded $1.8 billion giving it the unicorn status for the first time. Expansion will be used for developing products and beyond its scheduling capability.

Aug 24, 2015 02:03 AM EDT


Biomass answers Britain's energy trilemma

UK is almost running out of energy and the government is trying to find which is the best option. They are eyeing biomass which according to them is cost effective and is readily available when and where needed.

Aug 24, 2015 01:53 AM EDT


Oil price crash-hit Kazakhstan's currency tumbles over 23% in free-float trading

Suffering from oil price crash, Kazakhstan has allowed free-float trading in its currency Tenge, which fell steeply 23% creating tremors in the central Asian economy.

Aug 23, 2015 11:17 PM EDT


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 03:37 AM EDT


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.

Aug 21, 2015 02:00 AM EDT


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.

Aug 21, 2015 12:53 AM EDT


Iran's huge potential now open for global investments as crisis-hit nation comes out of sanctions

With the five nations led by the US lifting the sanctions on Iran, the underdeveloped oil and gas sector in the fourth largest oil reserves country offers huge investment and growth potential for global companies.

Aug 21, 2015 03:39 AM EDT


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.

Aug 20, 2015 02:41 AM EDT


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 01:56 AM EDT


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