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Trouble in the North: Canada's economy continues to shrink

The slowdown in most of Canada's industries and the weakening value of its currency added to the shrinkage of its economy by 0.2% in May. For five consecutive months, Canada has been experiencing a "complex and significant adjustment", as Bank of Canada governor Stephen Poloz calls it.

Aug 04, 2015 10:41 PM EDT


Mexican government hikes dollar auction by almost 4 folds; holds rates

The second largest economy in Latin America is making all the possible efforts to prevent the arrest of its falling peso. It increased dollar auction to support the Mexican peso and waiting for US decision on interest rates.

Aug 03, 2015 01:42 AM EDT


Falling world oil prices result in job cuts

Energy giants take a hit as oil prices collapse. A number of companies, including Shell and Centrica in Britain, are cutting thousands of jobs to cope with losses.

Jul 31, 2015 08:21 AM EDT


University of Phoenix under FTC scrutiny for possible unfair business practices

After 4 years of GI Bill, the Federal Trade Commission is investigating University of Phoenix for possible deceptive and unfair business practices involving military veteran students.

Aug 03, 2015 01:53 AM EDT


Yemeksepeti CEO in Turkey gives out $27M to employees after sale

Yemeksepeti boss gave $27M to its 114 employees after selling his firm to Delivery Hero.

Jul 29, 2015 11:12 PM EDT


Stronger US dollar is a threat to emerging markets' currencies, and to US economy

The 12% rise in the US dollar could result in another currency crisis in emerging markets as the weakening of local currencies will reduce the debt repayment capacity. The strengthening of dollar is expected to slow down its GDP growth as well.

Jul 29, 2015 10:25 PM EDT


A family of treasure hunters discovered $1M worth of gold coins in Florida seaboard

The Schmitt family found a set of gold coins in a shipwreck identified to be the 'Capitpana' a cargo ship that sank 300 years ago in Florida.

Jul 29, 2015 04:37 AM EDT


Not all cities are created equal: Here are the best places to retire abroad

Affordability, women's safety and investment value are just some of the things to consider in retiring abroad. Here's a quick guide for settling down overseas for retirement.

Jul 29, 2015 02:10 AM EDT


Disruptive Legislation: France re-examines taxi law amid Uber's rise

France is rethinking its taxi law as demand for Uber and other online ride-hailing services grows. This comes after Uber suspended its operations in France earlier this month.

Jul 28, 2015 02:42 AM EDT


Teva Pharmaceuticals buys Allergan PLC generic drug business for $40.5B

Teva, the global leader in generic medicine buys Allergan PLC for $40.5 billion. The deal will provide cheaper generic medicines around the world.

Jul 28, 2015 01:18 AM EDT


Europe invests $384M in search for alien life on Jupiter's moons

The European Space Agency goes on a mission to search for extraterrestrial life on Jupiter's icy moons. The UK-based agency is awarding $384M to Airbus for the space probe that launches in 2022.

Jul 27, 2015 10:32 PM EDT


Trump tops latest Republican polls

Donald Trump leads the Republican race a week and half before the party's first presidential debate. But while he is surging in the national and key early-state polls, Trump remains the least-liked candidate.

Jul 27, 2015 09:04 AM EDT


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