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Israeli Contract Workers Hit as Chemicals Job Action Grows

Hundreds of workers in south Israel have been idled in the past three weeks. This happened due to the job action by factory workers after their layoffs by Israel Chemicals. The list of workers that are suffering due to the job action includes maintenance staff, security guards, cleaners, and food-services staff members that have all been employ...
Feb 24, 2015
 
New Plant by Petronas Chemicals and BASF

Petronas Chemical Group Bhd has made a deal with BASF, the German chemical producer to collaborate on the production plant for 2-Ethylhexanoic Acid. The chemical production will begin at the site of their current joint venture at Kuantan, Pahag. The new plant is expected to begin processes in Q4 of 2016. The plant’s total annual c...
Feb 24, 2015
 
Attorney General from New York Aiming to Expand Herbal Supplements Probe

After three weeks duration ordering from four major retailers to pull out store brand herbal supplements from their shelves which was followed after DNA test, it has been found that little or none of the herbs were found from the list. Hence, the attorney general from New York is now aiming to target manufacturers of these popular products. ...
Feb 24, 2015
 
Dishwasher could be the Reason behind Children’s Allergies

A research study conducted by Swedish scientists has found out that the medical conditions such as eczema, asthma are quite less in houses where the practice of hand washing is less efficient. Also, hand washing your dishes may not completely sanitize as well compared to a dishwasher. However, it may correlate with a lower risk of aller...
Feb 24, 2015
 
Cost of Food Soar in Ukraine (Donetsk) as the Supply Declines

The city of Donetsk despite being an ostensibly under a type of siege, this pro-Russian rebel capital place is a long way from starving. With the hryvnia continues to lose in its value and the Ukrainian checkpoints of army are restricting entry to Donetsk, where people are struggling with the already fast rising prices for even most of ...
Feb 24, 2015
 
Magna Sells Automotive Battery Pack Unit to Samsung

Samsung SDI has bought out Magna International’s battery pack unit, state reports. Magna International is the fourth largest automotive parts manufacturer in the world that is based in Canada. Korea based Samsung SDI declared on Monday that it had signed a deal with Magna Steyr regarding acquiring the whole battery pack business u...
Feb 24, 2015
 
Samsung and SK Telecom to Jointly Promote 5G at MWC

The most celebrated smart phone maker in South Korea, Samsung Electronics Co. will jointly promote the 5G (fifth generation) network that operates on high frequency bands at the Mobile World Congress (MWC) to be held at Spain following month, with the leading mobile carrier of the country SK Telecom Co.  The companies are slated to...
Feb 24, 2015
 
KT to Partner with China Mobile and DoCoMo to Showcase 5G in MWC

KT has teamed up with the leading global technology companies to showcase the advantages that the fifth generation wireless technology is slated to bring along at the Mobile World Congress to be held at Barcelona in Spain.  KT is already in talks with the chief technology officers of major companies such as China Mobile and NTT DoC...
Feb 24, 2015
 
SK Telecom Wins the Lawsuit against Global Mobile Messenger Viber

South Korea’s leading mobile carrier SK Telecom Co. finally won the patent lawsuit that it filed against the Viber, the global mobile messenger on Monday. The court ruling could shut down the operations of the messenger from the local smart phones. The Seoul Central District Court said in its ruling that Viber has encroached not less than...
Feb 24, 2015
 
Business and Economic Activity in the Euro Zone Surges

Over the past seven months, economic activity in the Euro zone has been surging, and has reached a high point. This has had a major impact on the performances of businesses in the Euro zone. As a result, several companies are on a business expansion mode via greater employment and hiring activities. As per industry estimates and latest industry...
Feb 23, 2015
 
Walmart Declares Wage Hike for 500,000 Workers in the US

News has it that one of the major retail giants of the United States, Walmart has plans of increasing the wages of almost 500000 employees in most of its outlets in the U.S. The wage hike only pertains to the employees working on an hourly basis. Walmart intends on increasing the salaries of 40% of the total staff and the retail giant will also...
Feb 23, 2015
 
Pilot Strikes Affect Profitability of Air France-KLM

Air France-KLM has plans of resorting to aggressive cost cutting measures and also reducing the level of investments. This came after it was reported that there was a substantial fall in the entire year’s profits followed by a major pilot’s strike in the previous year. Soon after the strike there was a serious conflict with the pilo...
Feb 23, 2015
 
Sesame Enable Design a Smartphone for the Disabled

A few years ago no one would have thought of smartphones becoming an indispensible part of everyday lives. The transition of a personal computer with a 512 MB RAM into a smartphone with a 3GB RAM and 128GB internal storage seems like a unimaginable feat to many. With so many features a smartphone keeps a tab of your every important record right...
Feb 23, 2015
 
Microsoft Adapts to Tough Competition with Smart Applications

Microsoft has suddenly taken up the challenge of revamping its operating system for phones seriously, with makes applications that run on both iOS and Android systems. After Microsoft went through a US$7 million deal to Nokia to see its business sink further and faster, it is now doing everything it can under Satya Nadella’s leadership to...
Feb 23, 2015
 
WhatsApp Still Working on its Voice Calling Feature

In a recent update WhatsApp rolled out its awaited voice calling services to a few more users. The WhatsApp version 2.11.528, which was released on February 19, gave access to free voice calling to a few users. These application users were able to activate the feature for other people using WhatsApp on Androids by just making a call to them. ...
Feb 23, 2015
 
Thailand Foresees a Future of 1 GW Solar Power Capacity

Zhongli Talesun, Chinese cell and solar module manufacturer announced the beginning of the new manufacturing unit construction that will be located in Rayong, the Thai-China Industrial Park, at Thailand.  The new manufacturing unit will incorporate fully automated techniques of production with a 500 MW production capacity annually....
Feb 20, 2015
 
Hernon Manufacturing Begins the Construction of its New Manufacturing Facility

The world renowned innovator of sealing technologies and adhesives Hernon Manufacturing announced that it has reached the final stage of the construction loan for financing its building expansion. As told by the company spokesperson, the construction of the new building extension will commence in a few months.  The new building wil...
Feb 20, 2015
 
Westdale to Witness New Constructions

Construction of the new US Bank branch began at Westdale. This building will be the first of the new buildings to begin its construction in the $90 million worth redevelopment projects by Ceder Rapids.  Vice President of Retail at Frew Development Group and the General Manager of Westdale, Lisa Rowe mentioned that the body is ready...
Feb 20, 2015
 
Telecom Italia Slows Down Decline in Sale in Q4

Chief Executive Officer of Telecom Italia SpA, Marco Patuano reported that the telecom giant has slowed down its revenue decline and reduced its debt. The Q4 drop in sales was registered at 4.1% at EUR5.6 billion, as compared to a drop of 9.1% in the first nine months of 2014. However, the depreciation, earnings before interest taxes, a...
Feb 20, 2015
 
Videocon Telecom Announced an Investment of INR1,200 crore for 4G Services

Videocon Telecom, valued at US$4 billion stated that it plans to make an investment worth INR1200 crore in the coming three years for rolling out 4G network. The company plans to sell its 4G in 29 cities in India across three circles, namely, East UP, West UP West, Bihar. Arvind Bali, Director and CEO, Videocon Telecom stated that the c...
Feb 20, 2015
 
Ericsson Announces Plans to Integrate Digital Telecom Services

Ericsson announced its plans to integrate its Digital Telco Transformation with its OSS / BSS portfolio. The former unit is inclusive of consulting and systems integration services. CEO of Telecom Italia Digital Solutions, Claudio Contini stated that the user experience and their numbers will be the new sources of income. He further added that ...
Feb 20, 2015
 
Japan Display to Build iPhone Screen Plant - in talks with Apple Inc.

Japan Display Inc. is in the consideration of building manufacturing plant that will produce smartphone screens for Apple Inc. the company is also negotiating with Apple Inc. for investing in this project, a person familiar with the matter stated on this Friday. The Japanese company aims at positioning itself as the primary supplier of ...
Feb 20, 2015
 
Russia’s Competition Watchdog Files case against Google

The Russian competition watchdog committee has stated on Friday that it had filed a case against Google Inc. over an alleged violation of the law of anti monopoly in the market, following a complaint that was registered by Russia's biggest search engine Yandex NV against Google Inc.’s mobile platform. Yandex has stated on Wednesda...
Feb 20, 2015
 
Gemalto Investigates Alleged Hacking U.S., UK spies

Gemalto, the company that manufactures chips for phones, stated on Friday that it was investigating a report about U.S. and British spies hacking its systems to steal the data about privacy-protecting encryption keys present in the chips that the company makes for mobile phones. Speaking about the documents that were provided by hacking...
Feb 20, 2015
 
Samsung Buys out Mobile Wallet Startup

Samsung Electronics Co. Ltd. has acquired LoopPay, a mobile wallet startup company. This could possibly put Samsung head to head against Apply Pay, the mobile wallet service from Apply Inc. The U.S. has been slow to catch on to the mobile wallet trend despite heavy outputs from Google, Apple, and PayPal by eBay. All three online wallet ...
Feb 19, 2015
 
Nike Teams up With Sacai

In an unexpected move, sporting goods giant Nike has partnered up with major Japanese fashion label Sacai. The joint venture will feature work on an eight-piece womenswear collection that will also include sneakers. The news was revealed by Business of Fashion on Thursday morning. Experts say that the match-up could potentially be a per...
Feb 19, 2015
 
Canadian Wholesale Consumer Goods on Highest Rise in 4 Years

December’s Wholesale sales in Canada have risen at the highest rate in four years. This growth has been driven by the personal goods and automobile sectors along with the high demand shown by their consumers. A spike in sales of 2.5 per cent was marked for a record US$44.5 billion, or C$55.4 billion. The data was provided by Stati...
Feb 19, 2015
 
Sony is No More Only An Electronics Company

Recently, Sony has announced last night that it is aiming to spinning off its video and audio divisions which are spun off from its television division last year. However, it won’t mean much right now, but Sony has still shown an interesting new TV which is Android powered, and we are sure to see the new interesting high end walkmans and ...
Feb 19, 2015
 
Samsung Aims to Use its Budget for M&As

Samsung Electronics Corp. Limited is aiming to use its huge billion dollar cash pile for funding the growth of the company which includes acquisitions, which is the tech giant’s investor relations main person stated, as more and more shareholders are clamoring for larger dividends. Even though, Samsung, the South Korean company&rs...
Feb 19, 2015
 
United Technical Publishing Acquired by Arrow Electronics

Arrow Electronics, the well known electronics distributor announced recently that it has acquired the organization United Technical Publishing, which is a division of Hearst Business Media and also a leading provider of product info to the global industry of electronics components. The company United Technical Publishing’s company...
Feb 19, 2015
 
Cox to Undertake Healthcare Digitization Project

Medicine and healthcare is a dynamic sector, with constant scope for improvement in precision and security. Digitization of this crucial is thus the logical next step in the development of this field. One such novel project is about to be undertaken in the U.S. Cox Communications Inc [COXC.UL], one of the largest Broadband and cable TV ...
Feb 19, 2015
 
Singapore Turns to Services

Singapore is among the most highly affluent and developed countries in the Asia, with GDPs in the tiny city state rivaling those of the most developed and richest Western countries. Singapore owes this development to its historical importance as a crucial port city in British times, facilitating trade between British colonies in India and Afric...
Feb 19, 2015
 
Atlantic Broadband to Link Up with Miami Data Vault

Atlantic Broadband is one of the popular internet, phone, and TV service providers in the Greater Miami area. The company is popular for both commercial and residential applications, with its range of services making it a versatile provider that fulfills the needs of each. Apart from its extensive operations in the Greater Miami area, Atlantic ...
Feb 19, 2015
 
Empire State Manufacturing Slows at Worrying Rate

Business conditions in New York are still moderately expansive this month, according to the report the Federal Reserve Bank of New York published on Tuesday, but the manufacturers from the area are very cautious about the future. The Wall Street Journal surveyed a few economists who expected the index to undergo minimal change and go up...
Feb 18, 2015
 
Canadian Airlines Boost Profit from Passenger Baggage Fees

The checked baggage fees are induced for two major airlines in Canada. These charges are a part of the ancillary fees that also includes fees in flight meals, premium economy privileges and other seating arrangements – all of which that airlines have tapped to boost profits.  According to the CEO Air Canada the airline compan...
Feb 18, 2015
 
Jana Partners LLC Abandons Energy Companies during Oil Price Slump

Amid the fourth quarter’s sharp decline in oil prices, the Jana Partners LLC vended its stakes in many energy companies which they had been keeping at bay for a while.  The quarterly regulatory filing manages investors’ records of more than $100 million and reported that The New York fund sold out of Apache Corp too.&nb...
Feb 18, 2015
 
Warren Buffet Sold Stake after Oil Price Collapses

After the plummeting of the Brent crude price, Warren Buffet sold his entire stake in the world’s largest energy company. He sold 41.1 million shares (almost worth $3.9bn) in Exxon Mobil. Also, in the last three months he sold his 471,994 shares in fellow US oil giant ConocoPhillips, showed the filing on Tuesday.  This move s...
Feb 18, 2015
 
Soros take on Devon Energy, while Transocean Stays Ahead of Oil Price Rise

In the fourth quarter, Soros Fund Management LLC consumed new positions in the energy sector. This also included the stakes in Transocean Ltd and Devon Energy Corp, as filed by regulatory on Tuesday.  The hedge fund firm manages the investments of this company and his family bought around 149,000 shares of Transocean and 385,497 sh...
Feb 18, 2015
 
Indian PM Promises Incentives to Indigenous Defense Manufaturers

Indian PM Narendra Modi once again demonstrated his dedication to his ‘Make in India’ mission by promising a promising environment for defense manufacturers based in India. His stated aim is to reduce and eventually eliminate India’s dependence on defense imports. A tax policy free from discrimination was the first of undoubte...
Feb 18, 2015
 
U.S. Construction Expected to Have Dipped in January

Economists waiting for the Commerce Department’s report on home construction in January 2015 expect that housing starts dipped in January, falling by 2% to an annual rate of 1.07 million, when adjusted seasonally. In December, on the other hand, housing starts had risen 4.4% from November to 1.09 million. However, the number of ho...
Feb 18, 2015
 
OPEC Makers Prefer Optimism Above Recovery as Oil Rises

London oil prices traded in at the highest price in two months while ministries in the OPEC maintained that the market will sustain a rebound. Futures grew by almost 1 per cent. This is the third gain for it in four days. The manufacturers are showing a strong sense of optimism over the increasing prices and the trend has changed in the...
Feb 17, 2015
 
Marginal Merger by Aditya Birla Chemicals With Grasim Industries

Aditya Birla Chemical’s merger with Grasim Industries consolidates the latter’s position within the segment of caustic soda. Post merger Grasim will be the biggest producer of caustic soda in the Indian domestic market. The company will have a market share of 23 per cent which is strong in comparison to its before the merger...
Feb 17, 2015
 
Uncontrolled Ozone-depleting Chemicals on the Rise

In what could offset the Montreal Protocol made over 25 years ago, chemicals that destroy the ozone layer are not being controlled by the United Nations and are increasing at a rapid rate. Scientists have recently discovered that one of the “very short-lived substances”, or VSLS, is growing at an alarming rate. The findings ...
Feb 17, 2015
 
Farmstr, Organic Food Marketplace Shutting Down

Farmstr is a Seattle based startup company which supported small organic farmers sell their products directly to consumers. However, it recently announced that it is shutting down towards the end of this month. According to the founder and CEO of Farmstr, Janelle Maiocco, their early momentum and runaway was not adequate enough to compe...
Feb 17, 2015
 
Cheap Price of Organic Milk Increasing Sales

In the past, organic milk was exclusively purchased by the trendy and wealthy middle classes. However, in the last few years this scenario has changed and it has gone mainstream, as analyzed from the latest figures. This shift has been driven by the cost-effective prices in the supermarket, which has made organic milk more accessible fo...
Feb 17, 2015
 
Scientific Breakthrough Increasing Efficiency of Growing Organic Apples

Apples grown in Northern Ohio soils and shaped by their weather have a better taste. However, the organic versions of these apples are not so easily available, which would benefit their local farm economy. Apple scab is the major reason behind the lack of this. Apple scab is a fungal infection which thrives in more humid climates and th...
Feb 17, 2015
 
Vikings Stadium Construction is on Track

Lester Bagley has announced that the construction of the new Vikings stadium is on schedule. He said that they picked the right time to start, as construction prices have gone up currently. Lester is the executive vice president for the Vikings and handles public affairs and stadium development. The initial budget cost of the stadium wa...
Feb 16, 2015
 
Alaska Budget Lead says Marriage with Construction Husband not an Issue

The Alaskan construction budget’s US$150 million is currently making its way through the Legislature. At the same time, the new chairman of the committee said that her marriage with the head of a construction industry group will be a non-issue as far as budget placements are concerned. The R-Eagle River, Senator Anna MacKinnon, wa...
Feb 16, 2015
 
Failed Bidding Throws United Engineers to Lowest in 17 Years

Talks between United Engineers Ltd. and the richest man in Thailand came to a halt recently, as the bid could not be completed successfully. Post the failed discussions, the shares of United Engineers dropped the most they have in 17 years. The shares of the property and construction company fell as much as 17 per cent. The shares were ...
Feb 16, 2015
 
Apple Works on Developing its Electric Car

Amidst the rumors about Apple’s failure to acquire Tesla Motors Inc. in 2014, the talks about Cupertino trying to build its own self-driven car are still doing the rounds. The continuous rumor about Apple’s incandescent interest does say volumes about the company’s intention of developing an electric car. However, Apple, judgi...
Feb 16, 2015
 
Trai Raises Questions about Fairness in the OTT Sector

Telecom Regulatory Authority of India (Trai) is planning on releasing a paper on OTT players or over-the-top companies such as Line, Viber, and Skype. The paper intends to raise questions such as bringing these companies under net-neutrality, revenue sharing, and licensing regime. . OTT players essential allow users to make calls, send video an...
Feb 16, 2015
 
Nikon Designs its Nikon D810A Camera for Astrophotographers

Nikon India launched a D-SLR, Nikon D810A, a camera that is especially designed for astrophotographers. The D-SLR has the power to capture astronomical wonders that exude the brilliance of H-alpha wavelengths of light such as galaxies and nebulae. This innovation will allow photographers to see astronomical treasures in ways that seemed impossi...
Feb 16, 2015
 
Euro Zone Witnesses Better Economic Performance

As per latest industry estimates, over the last three months the Euro zone has exhibited a strong rate of economic growth of about 0.3%. This figure exceeded the expectations of analysts. This rate of growth can be attributed to Germany’s favorable economic performance. Germany, which is the largest economy within the eurozone, reported a...
Feb 16, 2015
 
Rolls Royce Exhibits Bearish Outlook on 2015 Profit Trends

Rolls Royce has expressed that the company’s profits will decline by almost 13% when compared with the previous year’s performance. As per the latest industry updates, the sharp decline in oil prices that took place recently had a major impact on the company in terms of greater uncertainty for most of its customers and markets. Acco...
Feb 16, 2015
 
Not Just Export Earnings, but Consumer Spending and High Wages to Fuel the Japanese Economy

Several economists and business analysts have reported that the economy of Japan during the fourth quarter did not perform as per expectations. This as a result, pointed towards a difficult situation with regard to economic growth, along with marginal gains from exports. The unfavorable export performance can be attributed to weak domestic cons...
Feb 16, 2015
 
Downloading Dating Apps could be Infectious around this Valentine’s, says IBM

IBM warns techies about the high risks of dating websites and apps as Valentine’s Day is just around the corner. According to a published report Big Blue outlined the potential security risks related with users downloading dating apps and running sex scheduling software on their tablets and smartphones.   The report has studi...
Feb 13, 2015
 
Community Effort Transforming Lewis Island into Wind Energy Hub

Lewis and Harris, the largest island in the Outer Hebrides and third largest island in the British Isles, is home to some of the most consistent and fierce winds in the world. The central moorland region of the island gets especially rapid winds in the winter months. These winds, for so long derided and despised by the fishing community that pr...
Feb 13, 2015
 
Oil Could Drop to US$20 Per Barrel

The fall in crude oil prices in the last quarter of 2014 was one of the most discussed events of the year. The political and economical repercussions of the staggering drop, in which the prices for crude oil dropped below US$50 for the first time in years, could have long-standing effects well beyond the circle of the petroleum industry. Russia...
Feb 13, 2015
 
Ambitious Energy Projects are Long-Term Bets

The Advanced Research Projects Agency – Energy, the United States’ office that manages funding for research into energy and fuel projects, is one of the few unequivocally popular Obama initiatives with strong bipartisan support. The agency has committed more than US$1 billion to more than 400 projects since it was founded in 2009. H...
Feb 13, 2015
 
Samsung’s Upcoming Galaxy Smartphone may Feature a 3 Sided Screen

Samsung is planning to release two versions of its Galaxy top-tier smartphone during the next month, which includes a phone model with a display which featuring three sides, said people with knowledge of the matter. These two upcoming phones from Samsung will showcase all metal bodies and will deploy the most advanced processor chips fr...
Feb 12, 2015
 
The Dual-Screen YotaPhone from Russia will Soon Debut in China

The Russian phone maker of dual screen phone called Yota has signed a deal to sell its largest YotaPhone 2 model with a major Chinese electronics distributor. The distributor will sell this model across China during this quarter of the year. The first consignment of these phones for distributor called Potevio is anticipated to be around...
Feb 12, 2015
 
Innovative Manufacturing Method Showing Potential of Scalable Graphene Electronics

When people talk about the advantages of graphene, they generally are referring to the single crystal form of graphene which does have many attractive properties such as high electron mobility. However, creating a single crystal, pure graphene needs an unscalable technique called the Scotch Tape method, and graphene is pulled out in a single la...
Feb 12, 2015
 
Nutrition Experts Against New Milk by Coke

Nutritionists are voicing their opinions against Fairlife, the new supermilk launched by Coca-Cola. Keri Gans, a registered dietician, said that milk is already packed with ample nutrients; there is no real need for the contents to be changed. Coca-Cola seems to be relying on the numbers to sell its drinks – the new dairy ...
Feb 12, 2015
 
Under Armour Sues Skechers for Copying Ads

Skechers USA has been sued by Under Armour Inc. as the latter attempts to safeguard its own content. The sporting goods maker from Baltimore has filed a lawsuit in the Maryland U.S. District Court. Under Armour is alleging that Skechers has slavishly copied one of the most popular ads made by Under Armour that includes “Protect th...
Feb 12, 2015
 
Samsung Admits to Pop-up Ads Overdose

Samsung has made an official confirmation that their Smart TCs are excessively inserting pop-up ads into TV series and movies that are played through third-party apps. Samsung claims that the excessive pop-ups are erroneously added. The announcement is made within a week of the company being compelled to change the privacy policy of its...
Feb 12, 2015
 
Suzlon Rumored in Talks with Sun Pharma

A large number of stocks collapsed on Monday, while Suzlon shares, which have been fluctuating dramatically for a few years, rose 9 per cent. The stocks grew during intraday on the NSE, and closed 5.4 per cent higher than the closing done on the previous day. The stocks gained another 1.1 per cent on Tuesday. The financials and the oper...
Feb 11, 2015
 
Off-Label Prescription Reimbursement Complaints in Italy

Representing the pharma industry are three trade groups who have filed a complaint against the country of Italy for expanding the off-label usage of medicines. The complaint was filed eight months after the IMA decided to give patients their reimbursements for dispensing Avastin. The drug is cancer-related and was being used for treatin...
Feb 11, 2015
 
Drug Re-patenting Raises Cost by Six Times

Big Pharma companies have begun to increase the price of their most commonly used drugs after completing a process called ‘re-patenting’. Re-patenting allows the corporations to own generic brands that have so far been sold at nominal prices, and let them sell it to consumers for exorbitant prices. Most agencies and ...
Feb 11, 2015
 
Online Sales in Fast-Moving Consumer Goods Would Reach a Value Of US$5 billion by 2020

A research report by Google, the technology organization and Bain & Company, a consultancy firm, stated that online sales in fast-moving consumer goods, that is, FMCG’s segments, such as beauty, male grooming, food and beverages, and infant care would reach a value of US$5 billion by 2020. This would make up to 5% of total FMCG sales,...
Feb 11, 2015
 
New inflation Rate Series with 2012 as Base Year to be Released on Feb 12th

In order to show a better picture of the cost situation in India, government will release a new series of Consumer Price Index i.e. CPI having 2012 as base year for calculating the retail inflation rate. The first series has been collected for January that will be released on February 12, 2015. The Central Statistics Office has revised ...
Feb 11, 2015
 
JetBlue to Accept Apple Pay for In-Flight Food and Upgrade Purchases

JetBlue will soon permit passengers to buy food and beverages in-flight and even seat upgrades by using Apple Pay. The airline states that it will be the first key U.S. domestic airline to make such procures possible for passengers by using the iPhone 6, iPhone 6 Plus and Apple Watch, which is initiating in mid-February on selected New ...
Feb 11, 2015
 
Sprint Corp Surprisingly Supports Stricter U.S. Regulations for Internet Service Providers

With the surprising backing to the stricter U.S. regulations for country’s internet service providers, Sprint Corp was intending to show that the tightening rules will not stop telecom players from investing in U.S.’s telecom sector, Stephen Bye, Sprint’s Chief technology Officer said in an interview.  Bye further...
Feb 11, 2015
 
Indonesia's 3 largest telecom tower companies are expanding - Moody’s Investors

Moody's Investors of Indonesia has said that three largest Indonesian telecom tower companies are expanding the level of their market share and the scale of their operations as Indonesia’s telecom industry continues to strengthen. Nidhi Dhruv, Assistant Vice President and an Analyst of Moody's Investors, said that Indonesia’...
Feb 11, 2015
 
Telecom Companies Come Ahead for Testing Unlicensed LTE, Wi-Fi Alliance Cautious

Ericsson has stated that it is working with Qualcomm and many other telecom carriers to test LTE service in an unlicensed manner in the 5 GHz band. The carriers, which include SK Telecom, T-Mobile US, and Verizon Wireless are at the front line of deploying LTE-Unlicensed (LTE-U) or License Assisted Access (LAA). However, the Wi-Fi Allia...
Feb 11, 2015
 
South Korean Researchers Develop Bendable Electronic Devices

Over the past couple of decades, the world of electronics has been witnessing shrinking electronics devices. However, majority of these are quite similar to those of the 1950s. A group of South Korean researchers and scientists have developed bendable devices that involve the manufacturing of thin films that keep the magnetic and electric prope...
Feb 11, 2015
 
Apple Reports a Market Value Worth US$700 Billion

On Tuesday, it was reported that Apple became the very first company that reached a market worth of US$700 billion. This was the outcome of surging share prices and the upbeat news with regard to a soon-to-be launched smartwatch that will be introduced in the market. The share prices increased by 1.9% thereby, ensuring that the company surpasse...
Feb 11, 2015
 
U.S. Faces Space Capability Related Threats From Russia and China

Recently, the space security system of the U.S. witnessed grave threat from countries such as Russia and China that have developed advanced technologies and mechanisms for disrupting satellite operations and communications. According to Cecil D. Haney, the Navy Admiral, this is a major reason why the space systems of the U.S. are facing rising ...
Feb 11, 2015
 
Technological Addiction Reaching Epidemic Proportions

When Taiwan recently banned kids of the age of two or less from using any kind of digital technology, the move was considered to be unprecedented. The move has come in the light of children accessing technology at a very early age. Teenagers as well as older children in Taiwan will also be restricted under severe laws which state that children ...
Feb 11, 2015
 
Penske Automotive to Invest in Commercial Vehicles

Michigan, U.S. based automotive company Penske Automotive Group Inc. announced on Tuesday that it will turn its focus as well as investments much deeper into the business of commercial vehicles. The company stated that the commercial vehicle dealership business in the United States will b christened Penske Commercial Vehicles, U.S. The company ...
Feb 11, 2015
 
ICA Starts Operations at Alumina Plant, Indonesia

PT Indonesia Chemical Alumina has initiated its commercial operations at the newly opened chemical alumina plant in the Tayan District in West Kalimantan. PT ICA is a joint venture that is currently owned by PT ANTAM and Showa Denko KK, both Indonesian companies. The plant is set to produce alumina, which it does so with the com...
Feb 10, 2015
 
Alkali Chemicals Business Sold to Tronox for US$1.64 Billion

FMC Corporation, an NYSE listed firm, announced that it has made a final deal to sell its Alkali Chemicals business to Tronox Limited. The company had previously broken the news of their acquisition of Cheminova A/S, a multinational agrochemical maker. FMC Corporation said that they would divest the Alkali Chemicals business to lower th...
Feb 10, 2015
 
U.S. to Phase out Perfluorinated Chemicals by This Year

The U.S. EPA recently said that all the major chemical companies that have partnered with it are currently on track with their plans to phase out perfluorinated chemicals (PFC) of America before the beginning of 2016. The eight companies are collectively responsible for the majority of the PFCs produced globally. They have now developed more th...
Feb 10, 2015
 
Softbank to Utilize IBM Artificial Intelligence Watson in its Pepper

Softbank, the Japanese mobile carrier stated on Tuesday that it will include artificial intelligence technology from IBM into its kindhearted robot Pepper, which goes on sale in Japan in the month of February. The Vice President of IBM Watson Group, Mr. Steve Gold, stated that the AI engine Watson is already being utilized in healthc...
Feb 10, 2015
 
China Imposes Fines on Qualcomm record of US$975M

China has imposed a fine the chipmaker Qualcomm for 6 billion Yuan, that is, US$975 million in a signal of anti-monopoly penalties, which have upset foreign organization. US-based Qualcomm maltreated its dominance in wireless technology to charge producers with unjustly high licensing fees, a cabinet agency stated on Tuesday. China i...
Feb 10, 2015
 
Vaizey asks for Tech Firms to Meet Politicians Halfway over Encryption

The controversial comments of Mr. David Cameron on if the government should allow the utilization of strong encryption technology for anti-surveillance reasons have been defended by the minister for culture and the digital economy, Mr. Ed Vaizey. Mr. Vaizey asked the technology firms to convene politicians halfway on sensitive issues...
Feb 10, 2015
 
Maxis Telecom Predicts a Modest 2015 Outlook

The leading telecommunications provider in Malaysia, Maxis has a reason to celebrate. The company witnessed a 17 percent increase in its net profit for the last quarter of 2014, from October to December. According to reports, the net profit registered by the company amounted to a whopping $95 million. This rise in profit to a great extent is at...
Feb 10, 2015
 
Google Eyeing to Invade the Telecom Space

At first it was the online space, and then they emerged as the undisputed leaders in the online video and advertising market. Now Google is focusing its attention to telecom, and this is not an experimental gig.  According to sources, Google is all set to introduce ultra fast internet services to 18 cities at least, including Nashv...
Feb 10, 2015
 
Moroccan Telecommunications win Two Diamond Awards by Pan-African Leaders of Development

Maroc Telcom, one of the leading Moroccan telecommunication operators in the country has been awarded with Diamong Awards in two categories by the Pan-African Leaders of Development 2015. The event was organized by Nouv Afrique on Friday. The venue for the event was Rabat.  The first award the operator won was titled, “Super ...
Feb 10, 2015
 
OnePlus One to be Available for Sale Without Prior Booking on Every Tuesday

The year 2014 saw a few Chinese smartphone startups stirring the entire globe with their power-packed but economically highly viable smartphones. One such smartphone startup, the OnePlus, had introduced a smartphone that included all the essential features that are possessed by the costliest smartphones in the market currently, at a price that ...
Feb 10, 2015
 
Ireland Construction Slows in Jan

Growth eased up a little in the Irish construction sector in January, marking the lowest level that is has been at since a year, activities arose at a much slower pace during the month, according to a survey report released on Monday by Markit Economics. The Construction Purchasing Managers’ index from Ulster Bank witnessed a fall...
Feb 9, 2015
 
U.K. Construction in Crisis

2019 could be the year by which thousands of U.K. construction projects could possibly halt. There has been a growing crisis in the construction industry, according to the Royal Institute of Chartered Surveyors. According to the organization, the shortage of skills is getting even worse and nearly 27,000 construction projects could end ...
Feb 9, 2015
 
Construction Expenses Rise in Phoenix 2015

Mortenson had release their quarterly Construction Cost Index on February 5. The report for Phoenix and five other metropolitan areas in the U.S., said that multiple construction costs are expected to rise for the greater Phoenix area. There will be a 3 per cent increase in non-construction labor, equipment costs, and material costs in 2015. ...
Feb 9, 2015
 
Greece Should Ideally Move Out of the Euro Zone to Restore Economic Progress

According to Alan Greenspan, former head of the central bank, U.S., Greece may not be a part of the Euro zone after a point of time, since the struggling economy of Greece is unable to catch up despite the constant inflow of loans into the economy of Greece. Greece plans on re-negotiating its bailout. However, Greenspan clearly expressed that t...
Feb 9, 2015
 
McDonald’s Japan in Loss with Food Woes

The operator of the Japan outlets of McDonald’s announced on Thursday that the national branch is experiencing a loss. This is the first annual loss for the branch in 11 years. McDonald’s Japan has suffered in sharp decline in sales till December 2014 amidst growing food safety issues. In 2014, McDonald’s Holdings Co. ...
Feb 6, 2015
 
Dunkin’ Reveals Cold Blended Beverage Platform

The cold blended beverage platform just got added competition. Chasing the sale of Starbucks and McDonald’s is the Canton based Dunkin’ Donuts. The fast food giant has announced that it will start rolling out new blenders at all its restaurants across the United States. The blenders will form a new platform for beverages off...
Feb 6, 2015
 
Budweiser Defends Super Bowl Ad

Budweiser has chosen to stand by their Super Bowl ad that angered many beer drinkers in the United States. Budweiser had released a 60 second long ad with the title “Brewed the Hard Way”. According to the ad, Budweiser was not something that should be fussed over. Budweiser proceeded to say that their beer is meant for drink...
Feb 6, 2015
 
Jeddah Kicks Off Travel Expo

The Jeddah International Travel and Tourism Exhibition kicked off on Wednesday and organizers say that the three-day expo will help boost the economy of the city.  The travel and tourism exhibition was launched by support of Prince Mishaal bin Majed, the governor of Jeddah and was inaugurated by the mayor of the city Hani Abu Ras. ...
Feb 6, 2015
 
TansAsia Plan Crash to have Minimal Impact on Taiwan Tourism

After distressing images flashed across televisions on Wednesday of a TransAsia Airways Corp. plane taking a nose dive from the sky, crashing into a roadway and falling in a river in Taipei, most were certain that this crash would translate into quite a challenge for the airline. However, industry analysts and travel agents have said that this ...
Feb 6, 2015
 
South Africa Tourism Counts on Indian Travelers

The tourism board of South Africa has already kicked off the promotional activities for the 2015 road show to be held in the Indian city of Bengaluru.  The road show that will be held in Bengaluru will have first time participants such as Nelson Mandela Bay Tourism, Franschhoek Wine Valley, Cango Wildlife Ranch, Turnberry Boutique ...
Feb 6, 2015
 
Microsoft to launch Voice Control Assistance with Windows 10

Microsoft is all set to set t0 introduce its next edition of operating system, Windows 10. The software giant has said that it will bring its voice control assistance Cotana to computers with the new version of its operating system that powers billions of computers, mobile phones and other mobile device across the globe. Microsoft has a...
Feb 6, 2015
 
Omnitracs Sets Goal on Delivering Logistics and Transportation Technology to More than 1 Million End-users

Omnitracs, LLC, a leading fleet management solutions provider to logistics and transportation companies, has announced that the company and its units Roadnet Technologies, Omnitracs Mexico, Sylectus, Omnitracs Analytics, and XRS Corporation, will deliver its fleet management solutions as software as a service (SaaS) to close to 30,000 customers...
Feb 6, 2015
 
FMC to Sell its Alkali Chemicals Segment to Tronox

A definitive contract has been signed by US-based FMC for selling its division of Alkali chemicals for a value worth US$1.64 billion to Tronox. The company has plans of divesting this division of alkali chemicals, and the purchasing the business of Cheminova for a value worth US$1.8 billion as a measure for reducing the debt with regard to the ...
Feb 5, 2015
 
Johnson Matthey and Anellotech in a Joint Alliance for Producing Special Catalysts

A new business agreement has been entered into by Johnson Matthey Process Technologies, a UK based entity, and US based Anellotech. The main rationale of this agreement is towards jointly developing advanced catalyst systems in order to manufacture aromatics that are bio-based. Anellotech will be incorporating the catalyst systems so developed ...
Feb 5, 2015
 
Potassium based Catalyst - a Preferred Option to Precious Metals Based Catalysts

A team of chemists from Caltech has come up with a way for producing a group of organic chemicals containing silicon, without depending on costly catalysts of precious metals. The latest method makes use of an inexpensive catalyst that is basically a chemical that is abundantly found, and is used extensively in almost all chemistry laboratories...
Feb 5, 2015
 
French Telecom Company Orange to Buy Assets from Bharti Airtel

Orange, the French telecommunication group has decided to buy some assets in Africa. These include assets owned by Bharti Airtel, India’s leading mobile phone carrier. Orange is looking to enforce its operations in Africa, according to sources close to the matter. Although there is no deal in the pipeline, Orange is considering to...
Feb 5, 2015
 
Telecom Italia to Invest EUR 1 billion in Fiber-Optic Broadband Network

Italian phone group Telecom Italia is all ready to invest more than 1 billion Euros in order to broaden its fiber-optic broadband network in supposedly digital divide areas belonging to southern and central Italian regions. Chief executive officer of Telecom Italia Marco Patuano in an interview with Il Messaggero revealed some of the content of...
Feb 5, 2015
 
Telecom Italia Seeks Approval from Brazil for M&A talks

Italian telecommunications company Telecom Italia will seek approval from the Brazilian government to start talks regarding the acquisition of local competitor Oi. This was informed by two sources close to the matter. Telecom Italia chief executive officer Marco Patuano on Thursday, after meetings held in Brasilia with industry and comm...
Feb 5, 2015
 
Apex-Brasil to Exhibit Specialty Food and Beverages at Gulfood

The best of Brazilian cuisine will be on display at Gulfood 2015, which is taking place at the Dubai International Convention and Exhibition Centre. From dairy to meat, and confectionary, the Brazilian Trade and Investment Promotion Agency, also called Apex-Brasil, is mastering the top producers of the nations at the acclaimed yearly trade fest...
Feb 4, 2015
 
JT to End its Beverage Business Owing to Lack of Scale

Japan Tobacco Inc., also known as JT, is getting out of the beverage industry after deteriorating to attain the scale in the grown-up domestic soft drinks industry, and as the previous state monopoly targets on its abroad tobacco operations. JT, famous for its Roots, which is a canned coffee product and Momono Tennen-sui, which is flavo...
Feb 4, 2015
 
Slow Growth and Implementation of Geothermal in the United States

The geothermal is one of the most rapidly growing and developing fields in the world. The field sees 100 percent of renewable and clean energy activities across the globe. The science for geothermal has evolved impressively spanning on all scales and has proven economic and efficient.  The present United States total energy sources...
Feb 4, 2015
 
Three Energy Companies Warn of Layoffs in Texas

Texas oil and energy industry workers are about to lose their jobs in the oil and gas division in the U.S. - including the 330 industry workers at General Electric Co.  This is because the U.S. crude prices languished below $50 per barrel.   The GE Oil and Gas and other two energy companies wrote letters to the Texas W...
Feb 4, 2015
 
City Projects in Downtown Oklahoma Freeze Amidst Energy Industry Turbulence

Downtown Oklahoma City rises with skylines growing high. However, the pace of that growth has started to slow down as uncertainty continues to dwell over the plunging oil prices.  The oil prices were once hovering above $100 per barrel but this does not prove to be an entirely ill-development for the city. This raised questions to ...
Feb 4, 2015
 
New Call Telecom Planning to Buy India-based Nextra Teleservices

UK-based telecom company New Call Telecom is planning to buy Indi-based Nextra  Teleservices as the British company looks to expand its presence aggressively in India’s rapidly growing telecom industry. Nextra Tele Services is an internet service provider company which was founded in 2012, and is currently operating in the fi...
Feb 4, 2015
 
China Key Priority for 2015 - Food Safety and Modernizing Farms

This year in its 2015 rural policy outline, China has listed two things as its top priorities. These are food safety and modernizing farms. This policy tackles the declining agricultural productivity experienced in China which has raised concerns about its future food supply. The first document issued every year in January and released ...
Feb 3, 2015
 
Most Ambitious Plan for Organic Food Undertaken by Denmark

Government in Denmark recently announced a plan which aims to double its organic farmland till 2020 and increases demand for organic food. The organic retail sector in Denmark is one of the most developed in this world. In this market the organic products account for 8 per cent of the total grocery spending, as per the trade association...
Feb 3, 2015
 
Study Reveals Toddler Food has too much Sugar and Salt

According to a new government study, many of the packaged meals and snacks available for toddlers contain unhealthy and worrisome amount of sugar and salts. These products create an early taste for foods in toddlers which can contribute to obesity and other health related risks. Around seven out of ten toddler dinners studied which cont...
Feb 3, 2015
 
4G Mobile Services Recorded a Rise of 36% in Indian Market

The number of operators providing 4G mobile services increased by 36% to 360, in 2014, worldwide, and around half of these, utilized spectrum in 1800 MHz band to offer the super-fast services, as stated in a report. The press release by Global Mobile Suppliers Association has stated about 44% of these providers utilized spectrum in 1800 MHz ban...
Feb 2, 2015
 
VimpelCom Sell Djezzy for US$2.6 billion

VimpelCom Ltd. has decided to shell out a bigger chunk of stake in Djezzy, its Algerian unit, to the government of North African countries, presenting it with US$4 billion in cash and dividends, which will permit it to cut the debt, it owes.  VimpelCom, which is co-owned by Russian billionaire, Mr. Mikhail Fridman and Telenor ASA o...
Feb 2, 2015
 
Dedicated Telecommunications Network to be Built in Singapore for Public Sector

The government of Singapore is planning to construct a telecommunications network that is dedicated exclusively to use by the public sector and to assist the smart nation rollouts of the country. In what sounds to be a huge project, the new infrastructure will offer connectivity and integrity for thousands of sensors that is to be launc...
Feb 2, 2015
 
Construction Mogul Looks Toward Greece

The construction giant from China is now searching for investment opportunities in Greece. This comes after his company has been pursuing indebted local authorities for US$8 billion in unpaid infrastructure bills. The mogul maintains risk factors high by trying to hunt in the Greece market. The founder of China’s largest private s...
Feb 2, 2015
 
U.K. Fake Construction Agencies run Rampant due to Government Inactivity

The Tory-led Coalition has not succeeded to register job agencies, allowing rogue bosses to exploit construction workers while staying out of the government’s radar. Ministers are clueless regarding the number of unemployment agencies that operate in Britain. They do not have any means to keep the construction industry’s emp...
Feb 2, 2015
 
Orlando I-4 to be Reconstructed

On Sunday midnight, rang the official whistle to begin the construction on the Interstate 4 in Orlando. The project will take six years to finish and is believed to bring about a change in the logistics patterns in Orlando. Commuters can expect to face minimal to extreme amounts of traffic congestion in a few more weeks. I-4 Mob...
Feb 2, 2015
 
Construction of Rio Plant only 40 Days Away from Completion

The construction of the much hyped project of Rio Ammunition Plant located at Marshall Business Park is only 40 days away from completion, as reported by officials from MEDCO on Wednesday.  Hal Cornish, the treasurer of MEDCO’s board, said in a recent interview that the construction of Rio Ammunition Plant is by far the most ...
Jan 30, 2015
 
Bostik Opens its Brazilian Subsidiary, Fortaleza to Capitalize on Industry Opportunities at Rio de Janeiro

With the aim of giving a major boost to its activities overseas, Bostik, one of the leading global adhesive specialists in the field of construction, consumer markets, and industrial manufacturing has taken the crucial decision of opening a new powder plant in Queimados. Bostik named the plant Fortaleza, which is going to be its subsidiary in B...
Jan 30, 2015
 
Madison Drive to Have Several Big Construction Projects

The city of New Richmond is growing fast and one can say it from the increasing number of construction activities taking place across the city. On a drive down to Madison Avenue one can easily spot the construction of the all new of 12,000 square feet facility. The facility is being constructed for Barley John’s Brewery. Apart from this y...
Jan 30, 2015
 
Penske Automotive to Increase Dividend to US$0.22 per Share

Penske Automotive Group, Inc., which is an international transportation services provider company, announced today that the board of directors of the company has permitted a cash dividend of US$0.22 a share for the fourth quarter of 2014.  The dividend will be allocated on March 2, 2015, to shareholders, who are on record by February 10, 2...
Jan 29, 2015
 
Bain Capital to Purchase TI Automotive

Bain Capital has decided to purchase TI Automotive, an almost 100 year old auto parts manufacturer, after two earlier attempts to hit a deal between the two. Terms of the agreement that was announced on Tuesday, Jan. 27, 2015, were not revealed. The current owners consist of the Oak tree Capital Management that acquired the organization with ot...
Jan 29, 2015
 
An Automotive Research Center Launched in Coimbatore, India

A US$9.45 billion automotive research centre was started off in Coimbatore on Wednesday, Jan. 28, 2015 by the private university named Amrita University in association with an automotive Test Systems based in Delhi. The Amrita Automotive Research and Technology Center (AARTC) would help the automotive market in fields such as vehicle evaluation...
Jan 29, 2015
 
Pell City Automotive Provider Facing a Possible Fine of US$177, 500

A local automotive supplier, WKW Erbsloeth North America Inc., was quoted by the department of labor occupational safety and health administration in the United States for safety infringement and could be asked to pay US$177,500 in penalties. The department of labor spokesperson, Mr. Lindsay Williams, stated on Tuesday, Jan. 27, 2015 th...
Jan 29, 2015
 
The Next Presidential Aircraft will be Produced by Boeing

The United States president will continue to fly in a U.S.-made plane, based on the announcement made by US Air Force that next presidential aircraft will be created by Boeing. This service was in consultation with the acquisition chief - Frank Kendall, who selected the Boeing 747-8’s design for the program Presidential Airlift Recapitali...
Jan 29, 2015
 
STMicroelectronics steps out of IBM Alliance

STMicroelctronics has decided to pull out from the IBM Alliance made for its semiconductor process technology. This is now apparently become without a source of core CMOS technology. According to the Jean-Marc Chery the COO at ST, their agreement with IBM gives them the right to end their participation in this Alliance under specific co...
Jan 29, 2015
 
R-class Production of Mercedes to move to AM General

Mercedes-Benz is planning to move its production of R-class range from its Alabama plant to the contract manufacturer in Indiana, AM General during this summer. The automaker released a statement yesterday saying that it needed to free space in its assembly operations located near Tuscaloosa, Ala.  According to the CEO of Mercedes-...
Jan 28, 2015
 
Auto Sales Forecast January to be Very Profitable

According to forecasters, the U.S. auto sales have started for 2015 and demonstrating a much stronger graph than 2014, during which a deep freeze which kept shoppers away from several dealerships in most of the country. General Motors is predicted to post around a 20 percent increase with other Detroit 3 automotive manufactures also to display ...
Jan 28, 2015
 
Aston Martin gets Financial Support for its Refreshed Model Lineup

Aston Martin primary financial backer has promised to the company to provide cash support for a refreshed model lineup, which the supercar marker plans to unveil during the Geneva auto show in the month of March. The enterprise Investindustrial S.p.A, that bought around 37.5 percent stake in 2012 of the British manufacturer, will invest...
Jan 28, 2015
 
Oil Plunge Stalling Demand for Supply Vessels, Tugboats

The second largest ship builder in Japan, Japan Marine United Corp., stated that the demand for support vessels and offshore supply has been dampened since the price of crude oil has fallen to a six year low. The firm was created by the merger between steelmaker JFE Holdings Inc. and IHI Corp. It is the only producer in Japan of anchor ...
Jan 28, 2015
 
Investing Activist Chooses Big Target in DuPont Battle

Amid the full fledged activism for hedge funds and failing companies, the campaign by Nelson Peltz to replace four of the directors over at DuPont could possibly be the thing that corporate America will put its foot down for. Investors have been pooling money towards activists after realizing that activists can help increase their botto...
Jan 28, 2015
 
Dow Margin Expansion to Push Growth

The fourth quarter earnings of The Dow Chemical Company are expected to be released on January 29. The company is expected to draw its growth mainly from expanding its margin, which is a consequence of savings in productivity costs from a greater operating leverage. In the most recent presentation made by Dow, at the Credit Suisse Basic Materia...
Jan 28, 2015
 
Assad Wants the U.S. to Enter Agreement over Air Strikes in Syria

Syrian president Bashar al-Assad has stated that the air strikes led by the U.S. Against the Islamic State in Syria should be undertaken adhere to an agreement with the Syrian and Damascus troops involved in strikes through ground control. Assad stated this in an interview with the Foreign Affairs Magazine of the U.S. on Monday. ...
Jan 27, 2015
 
Samsung May Undertake Takeovers to Enter the Market of Internet of Things

Even if Samsung does not intend on taking over BlackBerry Ltd., it will soon be spending some part of its US$63 billion pile of cash on takeovers in the near future. Samsung has an alliance with BlackBerry Ltd. and there have been speculations for quite some time now that Samsung would take over the smartphone company. However, reports ...
Jan 27, 2015
 
Oil Prices Jump Ahead of Blizzard Warning

After hitting all time low due to overproduction and declining demands, oil prices seem to be recovering now. They were up for the second day in continuation on Monday ahead of a speculated snowstorm expected to hit the North-eastern regions of the U.S. Oil prices were up for a second straight day on Monday ahead of the first major snow...
Jan 27, 2015
 
Syrian Opposition Begin Talks in Moscow, Speculate Modest Results

In a meeting of the Syrian opposition members held in Moscow on Monday, it was decided that a set of common demands would be presented to the Damascus government so as to revive peace efforts. The demands will be presented when the representatives join representatives of the Damascus government later this week. While the discussions see...
Jan 27, 2015
 
Scottish Construction Requires 5,700 workers per Year to Grow

The highlights of the Construction Industry Board’s report that was published today, is the overall goal set for Scotland’s construction sector. The report says that the nation would achieve a yearly growth of 1.1 per cent within the time frame of 2015 to 2019. To achieve this, Scotland needs to hire 5,700 new workers every year. ...
Jan 27, 2015
 
No Pledge from LGFV, China Private Bond Stressed

The private bond market in China is currently facing deeper scrutiny. The issue happened after a financing vehicle from a local government said that it held no guarantee obligation on the notes that were being distributed by a manufacturer. The vehicle is from the eastern province of Jiangsu. The Dongtai based Dongfei Mazuoli Textile Ma...
Jan 27, 2015
 
Expansion of Manufacturing Business on the South Coast to Create New Jobs

According to the latest reports, the expansion of manufacturing business in South Coast is expected to create more than a dozen jobs in the region.  The multi-million dollar company NowChem or Nowra Chemicals has won a state government grant to build a facility for pharmaceutical products following which the company is expecting to...
Jan 23, 2015
 
Construction of a New R&D Center to Begin in Osaka

Ube Industries, the leading chemical company in Japan is all set to commence the construction of a new research and development facility in Sakai City at Osaka Prefecture in Japan. The facility scheduled for completion by July 2016 will be built within the Sakai Factory. The focus of the new facility will remain on the research and development ...
Jan 23, 2015
 
Michele as New Gucci Creative Head to Bring Back Growth

Gucci has promoted Alessandro Michele as the company’s next creative director. The previously little known designers in now in the limelight and has been tasked with one of the biggest responsibilities of the company. His job is now to return the growth rate to Gucci which spent a year with almost no growth. The first collection u...
Jan 22, 2015
 
Apple Buys Out Semetric

Apple Inc. has recently acquired Semetric, a British start-up that focuses on music analytics. The maker of the iPhone is looking to strengthen its ability to gauge what the users are listening to in forethought of Beat Music. Beats Music will be launched internationally in 2015. A source said that Apple bought Semetric for almost US$50...
Jan 22, 2015
 
Tizen Disappoints India with First Impressions

The first smartphone run made by Samsung Electronics Co Ltd. with its own operating system received poor scores in its India launch. Reviewers and consumers alike are complaining about the software’s problems, which include low quality inbuilt camera app and a lack of software applications. The South Korean electronics giant relea...
Jan 22, 2015
 
HUL to Drive Competitiveness in Food and Beverages Market

Consumer goods producer Hindustan Unilever Ltd (HUL) is looking forward to strengthen the core of its business and push the competitiveness of its brands ahead in the market.   Mr. Harish Manwani, the chairman of HUL stated that they are going to continue to make the core of their business strong and boost the competitiveness of thei...
Jan 22, 2015
 
Qatar First Bank Acquired 49% Stake in Food Services Company

The acquisition has marked Qatar First Bank’s second investment in the Food and Beverages industry and the fourth in the Qatari market. The acquisition also demonstrates the dedication of Qatar First Bank to geographical and sectoral diversification. Mr. Ahmad Meshari, the Acting CEO of QFB stated that from the beginning, their in...
Jan 22, 2015
 
Trent Hypermarket to Invest US$40 million for Business Expansion

Trent Hypermarket, the joint venture that is equally owned between the UK based Tesco and the TATA group, plans to invest US$40 million as the only Indian multi-brand retailer with foreign investment focuses on opening more stores.  The intended expansion is expected to be seen as a test case for the ruling government’s stanc...
Jan 22, 2015
 
Crude Steel Output in China Set to Hit the Lowest on Record

According to new data released by the National Statistics Bureau, China’s production in crude steel - a positive indicator to its industrial demand declined to its slowest pace of growth as recorded last year.   China produces half the world’s steel. The country’s vast steel complex is renowned across the globe an...
Jan 21, 2015
 
Indian Medical Devices Industry Boosted by Liberalization of FDI

The Department of Industrial Policy and Promotion released a press note a few days ago that liberalized FDI in the sector of medical devices. The expected and welcomed move comes after Cabinet had given the green signal in December 2014 to bring out the medical devices sector from the previous restraints that were placed on it. ...
Jan 21, 2015
 
Salix Pharma to Explore More Options

The maker of bowel related drugs, Salix Pharmaceuticals Ltd., is currently in talks with Centerview Partners Holdings LP, an investment bank, to consider more possibilities. The company is deliberating over a potential sale to a bigger pharma company. The North Carolina based Salix saw its CEO Carolyn Logan resign earlier in January. Th...
Jan 21, 2015
 
Darinaparsin to be Commercialized in Japan

Solasia Pharma KK is a medical firm established with the motive to hasten the patient access to unique oncology therapies in the West. Meiji Seika Pharma Co. has formed a license agreement with Solasia for the commercialization and development of intravenous formulation in Japan, where it is known as darinaparsin. The former firm is cur...
Jan 21, 2015
 
Ottawa Police doesn’t Find Any Hazardous Chemical at the Hotel following Arrest

Ottawa police has stated that no hazardous chemical and materials have been found at the Chimo Hotel in Ottawa where a man was arrested in connection with a possible threat. On Wednesday, Jan. 21, the police arrested a suspect at the Hotel situated in east end of Ottawa, after it was vacated in Tuesday night. The arrest is assoc...
Jan 21, 2015
 
E-cigarette Smoke Contains Cancer Causing Chemicals

E-cigarette vapor can include formaldehyde that can cause cancer that is 5 to 15 times higher than normal cigarettes, according to a new study. It was found in research that e-cigarettes functioning at high voltages produce vapor with high amount of formaldehyde, which contain chemical compounds. This could cause a risk to the smokers w...
Jan 21, 2015
 
Green Biologics Ltd. Generates US$76 million to Increase Production

A U.K. based company, Green Biologics Ltd., which manufactures chemicals from sugar cane and agricultural waste, raised US$76 million to increase production that includes converting a Minnesota ethanol plant to manufacture acetone and butanol. Green Biologics, which is based in Oxfordshire, stated in a statement on Wednesday that it is ...
Jan 21, 2015
 
Grand Rapids Mayor Questioned by Oil and Gas Industry Official Over Fracking

In his last State of the City speech, Grand Rapids mayor George Heartwell auctioned a moratorium on the process of hydraulic fracturing, more commonly known as fracking. He said that the city required more time on assessing the safety of the technology that is being used to boost oil production and increasing gas wells. Grand Rapids has...
Jan 20, 2015
 
Oil Prices Slip Bad Results for Saudi Oil Cos

Monday saw a majority of the Gulf equities pulled back while oil prices continued to slip again. The negative earnings from 2014 fours quarter now bear down on the Saudi Arabian oil sector. Brent crude oil slipped below US$50 per barrel over concerns that the economic outlook of the world was weakening after the announcement of record o...
Jan 20, 2015
 
Plastics Industry Becomes Indispensible to Auto Industry

With the automotive industry looking to shave weight off vehicles at every corner possible, designers are looking more and more towards viable plastic options for car parts. The urgency in creating lighter cars has consequently sparked off an interest in the auto industry for different materials, including plastics. The rush has been cr...
Jan 20, 2015
 
Novo Nordisk Launches Combination Diabetic Drug Ryzodeg in India

Novo Nordisk, Denmark-based pharmaceutical company, launched a diabetic drug in India named Ryzodeg. The combination drug will be priced at INR1595 for 300 units and is applicable to those with Type 2 diabetes in India. Other than India, Ryzodeg will also be sold in countries such as Hong Kong, Japan, Kazakhstan, Brazil, Aruba, Chile, Costa Ric...
Jan 20, 2015
 
WHO Urges Lifestyle Changes as it Reviews Causes of Death

A recent report published by World Health Organization indicates that chances of deaths in India between the ages of 30 to 70 year occur due to four main reasons - cancer, diabetes, respiratory diseases, and heart ailments. These diseases are broadly categorized as non-communicable diseases (NCDs). India accounts for 26% of deaths due to these ...
Jan 20, 2015
 
Medical Devices Industry in a Celebratory Mood after Liberalization of FDI

The medical devices industry is happy to know that the Department of Industrial Policy and Promotion liberalized FDI in the sector. The move was an anticipated one as December Cabinet was in support of medical devices industry carving a niche for itself with foreign direct investment.  This move will help foreign companies to inves...
Jan 20, 2015
 
China Telecom Eyeing for Mexico Network

China’s third largest telecom operator, China Telecom, is reportedly gearing up to build and run a new mobile broadband network in Mexico. According to sources, the state-owned telecom companies in China are looking to partner with local operators across different nations to form a consortium.  China Telecom Global, the inter...
Jan 20, 2015
 
Nokia All Set to Build 4G Network for Airtel

In a deal all set to create history, Nokia Networks bagged an incredible contract worth US$ 200 million to build the very first 4G network in India. The network will be built in the 1800 MHz band across six telecom circles. As stated by sources, the public announcement of the deal will be made soon by Nokia Corporation and Bharti Airtel...
Jan 20, 2015
 
Three Eyeing to Bid for O2 Following UK Telecom Markets Mergers

Owners of UK’s leading mobile network, Three, are gearing up in a bid to rival for O2. The information came following BT’s announcement about its future plans to acquire EE, the largest network in UK. According to a leading news daily, owner of Three, Hutchison Whampoa is already in early stages of talks with Telefonica to a...
Jan 20, 2015
 
Global Petrochemicals Industry to Witness Declining Prices

As per industry reports, the global petrochemicals industry which is valued at US$3 trillion fell by about 18% in December. This drop has been by far the biggest on a month-over-month basis since 2008 November. The main factors behind such a major decline are the continually falling prices of naphtha and energy. Also, the prices of petrochemica...
Jan 19, 2015
 
Hutchison Plans on Acquiring U.K. based O2

O2, Telefonica SA’s wireless unit in the U.K. will most probably be purchased by Hutchison Whampoa Ltd., since the latter is looking for business expansion in Europe. the other options being considered by Hutchison involves the merging of its Italian mobile unit with its local counterpart and competitor. The investment plans with regard t...
Jan 19, 2015
 
Britain’s Financial Sector to Witness Robust Growth

The Confederation of British Industry on Monday stated that the highest upsurge in business was reported by Britain’s financial sector in close to twenty years in the last three months of the previous year. The CBI, stated that its quarterly financial services business volume index increased from +49 in September to +57 in December. And t...
Jan 19, 2015
 
Intels Mobile Division Observes US$4.21 Billion in Losses Over 2014

The mobile division of Intel Corp. incurred operating losses of US$4.21 billion in the year 2014, an amount that counts for the profits earned by all but two of the top 30 companies indexed on the semiconductor index of Philadelphia Stock Exchange. Intel, the world’s largest maker of semiconductor chips, have racked up the losses ...
Jan 19, 2015
 
Botswana Power Corporation Asks for Telecommunications Operator License

The national broadband strategy report of Botswana has recommended the sanction of the application by the Botswana Power Corporation (BPC) to utilize its wide-ranging fiber network to make telecommunications services available. The broadband strategy report by three consultants states that Botswana Power Corporation should be given a license to...
Jan 19, 2015
 
China Telecom to Consider Investment in Mexico Mobile Broadband Network

China Telecom parent will perhaps make a bid for the US$10 billion network, a spokesperson for the company stated. There aren't many details, as the company stated that it is just starting to observe if it should put money in the network. China Telecom parent would wish to join Mexican organization in a coalition. There was no statement...
Jan 19, 2015
 
EU and Pharmaceutical Industry Joins Hand to Fight Ebola

The European Union is all set to venture with the European pharmaceutical industry to finance research projects worth 215 million Euros to fight Ebola. The focus will primarily remain on developing vaccines and methods of diagnosis, as revealed in an announcement made on Friday.  In an effort to boost research on treatment and vacc...
Jan 19, 2015
 
Under Armour Sues Salt Armour

The Baltimore based surging sports apparel brand Under Armour Inc. has filed a lawsuit against the Boca Raton based Salt Armour Inc. The latter sells saltwater fishing apparel and according to Under Armour, has violated trademark rights. The complaint filed by Under Armour says that consumers might get confused or even misled into belie...
Jan 15, 2015
 
Saygus V2: The New Phone on the Block

The relatively unheard of company Saygus displayed its first smartphone to the public. The phone was unveiled at CES 2015 and has since captured the attention of carriers and consumers alike. The Saygus V2 aims to become the next super smartphone that offers US$1000 phone specifications at a fraction of the price. Saygus, a company in S...
Jan 15, 2015
 
French Delegation to Visit Indian to Salvage the Rafale Jet Deal

In a bid to salvage an important defence equipment deal, French delegation will arrive in New Delhi this month. The deal in question happens to be the world’s biggest defence deal, inclusive of a supply of about126 Rafale fighter jets to Indian Air Force. Over the past few months, the deal has been facing a few challenges due to the local...
Jan 15, 2015
 
North Koreas Nuclear Arsenal Could Rise by the Time Obama Leaves Office

Siegfried S. Hecker - a senior fellow and former director of the Los Alamos National Laboratory, an affiliated member at Stanford University’s Center for International Security and Cooperation has visited North Korea many times over the past decade. According to him in the next two years, North Korea is expected to have enough stock of fi...
Jan 14, 2015
 
Japanese Defense Minister Confirms Crisis Hotline with China

In order to prevent the inadvertent disputes in the East China Sea, China and Japan will very soon launch airspace and maritime crisis management mechanism, said Gen Nakatani, Defense Minister earlier on Tuesday.  Just a day after bilateral talks on this issue, Nakatani announced at a news conference that they have settled on the f...
Jan 14, 2015
 
Think you’re Attractive? You Get a Free Meal!

If you thought restaurants take marketing and promotions too seriously, this bizarre promotional strategy will either anger you or impress you. A Korean food restaurant in Zhengzhou, China, has introduced a novel marketing technique under which it offers free meals to attractive customers.  The restaurant in central Henan province ...
Jan 14, 2015
 
Altice Deal Planned in 10 Days: Portugal Telecom

Shareholders for Portugal Telecom SGPS SA have elected for a 10 day gap to hold a meeting that will decide the fate of telecom company Oi. The company’s Portuguese assets are planned to be sold to Altice SA, which belongs to billionaire Patrick Drahi. Oi’s shares in the meanwhile have slipped by 15 per cent. The decision to ...
Jan 13, 2015
 
Shire Buys NPS Pharmaceuticals

Shire, the U.K. based pharmaceuticals company has entered into a business deal for buying NPS Pharmaceuticals, a U.S. based biotech firm for a value worth US$5.2 billion. Shire is generally known to be a manufacturer of drugs that are used for treating rare and uncommon diseases. As per Shire, this business deal will eventually strengthen its p...
Jan 12, 2015
 
Researchers Develop Chitosan as a Sustainable Food Packaging Alternative

Chitosan, a material derived from crustacean shells has been used by researchers as a substitute for the by-products of petroleum for food packaging purposes. It is of prime importance from the viewpoint of environmental sustainability to develop alternative materials that can be used in place of plastics, since food packaging products have cau...
Jan 12, 2015
 
Convertibles are Back with a Vengeance

Sales of convertible cars had suffered from the 2008 recession, with flaunting such flashy cars becoming socially unacceptable in times of economic instability and plummeting incomes. However, with the American economy now firmly on its way to a strong recovery and the lingering aftereffects of the recession about to be shed, automakers are rel...
Jan 12, 2015
 
CEC Liquid Telecom to Build Fibre Network Worth US$5 Million in Zambia

CEC Liquid Telecom Zambia announced its plan of making a new fibre link between Victoria Falls and Lusaka in Livingstone that will help the company to provides its wholesale and retail customers better broadband service at a high-speed. This reliable service will be offered to all the subscribers in South Zamia. The starting point of the new fi...
Jan 12, 2015
 
Videocon Gets Offers for its 49% Stake Sell-Out

The telecom unit of Videocon Group, Videocon Telecom has got offers from an Indian telecom company and a Mexican company to purchase about 49% stake in Videocon. However, Venugopal Dhoot, Group Chairman stated that the deal would take place only after the telecom frequencies auction is done in the next month. The company will also have further ...
Jan 12, 2015
 
Most Influntial Gadgets from CES 2015 so Far

The Consumer Electronics Show in Las Vegas is on, and revolutionary gadgets are being introduced every day. But some have risen well above the rest to be counted as the best and most influential among the vast collection. Here are some of the best upcoming products launched at the 2015 CES. 1. ThinkPad Stack from Lenovo: Lenovo’s ...
Jan 8, 2015
 
Weirdest Gadgets at CES 2015

The annual Consumer Electronics Show in Las Vegas is a hotbed for the wonderful as well as the weird. 2015 saw the release of the wonderful in the form of Lenovo’s ThinkPad Stack, Intel’s Curie computer, and numerous hydrogen-powered cars. However, the expo was not without its fair share of quirks and oddities. Here’s a few of...
Jan 8, 2015
 
Under Armour Bigger than Adidas in U.S. Sportswear Market

The second position in the U.S. sportswear market had been held by Adidas until recently. In 2014, Under Armour overtook the sports goods giant to take second place. U.S. sales of Under Armour in footwear and apparel generated US$2.6 billion in 11 months, starting from 3 January. In comparison, Adidas accrued only US$1.6 billion. The da...
Jan 8, 2015
 
Cars All the Way for CES 2015

On the Sunday before the start of CES 2015, Audi successfully dispatched a self-driven A7 model from San Francisco to Las Vegas. In the meanwhile, the Chief Executive Officer of Nvidia, Jen-Hsun Huang, took a press conference to talk about their latest endeavors in self-driving systems and power cabins, the new Nvidia Drive CX and Drive PX. He ...
Jan 8, 2015
 
US Energy Stocks with Bad Sell-side

Wall Street has gone against the energy sector as stock analysts continue cutting down its earnings estimates, while slipping oil prices add to the sector’s 2015 woes. The end of June 2014 saw the energy sector slip by 23 per cent in the S&P 1500. Despite that, stock prices may not actually account for the substantially reduce...
Jan 7, 2015
 
Consumer Electronics to Strike Gold in US 2015

The U.S. Consumer Electronics Sales and Forecasts revealed that the consumer electronics industry revenues are expected to grow 3 per cent in 2015. They will reach a record high of US$223.2 billion. The data was referred from the semi-annual industry report that was released by the CEA on Tuesday. The CEA forecast shows the U.S. factory...
Jan 7, 2015
 
Education of 67,000 Students Disrupted as ISIS Closes Schools in Syria

Recent shutdown of schools by Islamic State in Deir ez Zour, Raqqa, and divisions of rural Aleppo have disturbed the education of around 670,000 children of primary and middle school age in Syria, the United Nations Children’s Fund reported on January 6, 2015. Addressing the press in Geneva on Tuesday, Mr. Christophe Boulierac of ...
Jan 7, 2015
 
US$30.2 Billion Telecom Money Pumped into Brazilian M&A Market

The Brazilian market and acquisitions market saw the greatest expansion in 2014 in four years. Most businesses in the country have taken full advantage of the affordable asset prices, while telecoms looked for scaling through combinations. The country’s number of deals increased by 16 per cent in 2014, to US$84.3 billion. This res...
Jan 6, 2015
 
December Boom for US Auto Companies

Car makers in the United States have reported annual sales in December 2014 as their strongest since 2006. The companies have successfully taken advantage of plunging fuel prices and low interest rates to bounce back from a worldwide automotive financial crisis. The soaring numbers could prove extremely beneficial to companies that had ...
Jan 6, 2015
 
Years before Mis-Selling PPI Scandal Ends: UK Banks

According to the announcement made by London’s chief financial ombudsman, Britain banks will be paying out compensation amounts to their customers’ mis-sold loan insurance in the coming years. The banks have already set aside an amount of 24 billion pounds ($36.5 billion) to convene to the overall issue.  The Financial ...
Jan 6, 2015
 
NEMC Deals Severely with Tanga Cement Company Ltd (TCCL) for Violating the Law

As reported today in Tanzania, NEMC has promised to penalize Tanga Cement of all the allegations of importing more than thousands of tonnes of harmful and hazardous materials.  Tanga Cement Company Ltd (TCCL) is alleged for importing thermal coal from South Africa, say the official environmental overseers. This has been observed in...
Jan 6, 2015
 
New York Retailer Coach to Buy Shoemaker Stuart Weitzman Holdings

Now York based accessories retailer company Coach is about to close a deal to buy Stuart Weitzman Holdings, a widely renowned women’s luxury shoe company, for nearly US$600 million. The people familiar with the matter also stated that the deal could be announced early this week.   Coach, widely popular for its Poppy handbags,...
Jan 6, 2015
 
Necessary Focused Skill Development for Food Processing Industry Growth: Assocham

The Assocham is the next-gen step in making economies like India and many others the best in food processing across the world. A recent announcement conducted by the MoFPI has stated that the youth is trained and skilled in the food processing domain to achieve commendable steps towards attaining new goals.  Over the years, there h...
Jan 5, 2015
 
Richard A. Baron Appointed as the CFO and VP of Zynerba Pharmaceuticals, Inc.

According to a new report released today, Zynerba Pharmaceuticals, Inc. announced the appointment of vice president as Richard A. Baron and CFO chief financial officer effective from January 5, 2015. He has more than 30 years of experience in the pharmaceutical industry, particularly in the field of executive finance leadership for pharmaceutic...
Jan 5, 2015
 
Telecom Panel Insists on INR100 Crore Net Worth to Bid for Spectrum Auction

It is getting increasingly difficult for Tata Teleservices Ltd (TTL) and Aircel to bid for the upcoming spectrum auction with the inter-ministerial committee (IMC). The reason for this inability to make a bid is the committee’s decision of only letting the companies with sound balance sheet bid. The committee has made it quite clear that,...
Jan 5, 2015
 
Car Customization: Trendiest Topic Surfacing in Automobile Industry in 2014

One of the many notable automotive trends to emerge in 2014 was the rise of car customization. From customizing the car’s trim to be made with a tree from the customer’s own garden to redesigning a customer’s house to resonate more with his new purchase, there is seemingly no end to this trend. BMW are at the forefront...
Jan 2, 2015
 
The Biggest Automotive Letdowns for the Indian Consumer in 2014

As the year 2014 has ended, it is time to analyze markets and see the hits and misses. For the Indian automotive industry, the year 2014 remained a year of hits and misses as well. Balancing out the positives, though, were the notable negatives listed below. 1. Triumph’s PS Misadventures: Triumph’s two deplorable decisions w...
Jan 2, 2015
 
India Manufacturing PMI Hits Two-Year High

Factory PMI (purchasing managers’ index) in India hit a high of 54.5 in December 2014, the highest since December two years ago. This is in line with the continued trend of expansion seen in India’s PMI since that high mark two years ago. A mark above 50 is seen as expansion, whereas a mark below 50 counts as a contraction. ...
Jan 2, 2015
 
Food Scandals Driving Chinas Youth towards Organic Products

With food safety scandals hitting the food and beverages industry in China, organic food has become the new trend among the urban crowd. The younger crowd has decided to switch eating patterns and look for alternative and healthy options to purchase fresh meat and produce. Currently, an insignificant 1.01% of the total consumption of food is fo...
Jan 2, 2015
 
Close Loophole that Allows Companies Add Harmful Chemicals into Food

Before consuming any food we obviously need to know what ingredients are there in our food. Yet thanks to the loophole available in federal food regulations, many companies are continually allowed to enhance as many as 3,000 different types of chemicals to the foods we eat in our daily lives. This is without revealing the true facts to either t...
Dec 30, 2014
 
Gone in Six Seconds

India is the market to be for makers of budget-anythings, as the country’s developing economy and its stereotypical miserly attitude makes it a hotbed for cheap-and-cheerful products. Xiaomi, the Chinese maker of cheap smartphones, proved this dictum once again with the rampaging sales of their new offering, the Xiaomi Redmi Note 4G, put ...
Dec 30, 2014
 
Get Rid of the Idling Myth Already

It is a common belief that cars need a few minutes of idling to get going, particularly in cold weather. As a result, it is now common practice in the Unites States and other countries in the Northern Hemisphere to start up a car’s engine a few minutes before actually starting the journey. The trend is naturally much higher among owners o...
Dec 30, 2014
 
Telecom Companies Make Suggestions for Make in India Initiative

The Indian government is fast on the heels of promoting their new Make in India initiative, and telecom giants are willing to offer help to make it successful. Companies including Ericsson, Nokia Networks and Huawei have all created manufacturing and export bases in India and plan to expand their current level of operations. The...
Dec 30, 2014
 
Porsche Recalls Cars from the 918 Spyder Range Due to Faulty Chassis Parts

Reports have it that Porsche is recalling more than 200 cars from its limited-edition 918 Spyder range for replacing defective chassis parts. This is the second issue surrounding the most expensive model of Porsche. The fault was noticed during Porsche’s own tests during in-house quality checks and no official complaints about acc...
Dec 24, 2014
 
New Samsung Chips to Give Rise to 4GB RAM in Phones

The war of the smartphones is soon approaching a new level after Samsung is preparing to launch new devices that will be powered by 4GB RAM. Most of the company’s flagship phones could be expected to have the larger RAM in 2015. The South Korean electronics leader has already begun to the mass production of 8 Gb low power mobile D...
Dec 24, 2014
 
5 Paradigm-Shifting Deals in the Chipset Industry in 2014

2014 was a revolutionary year for the wireless chipset industry, with numerous influential deals taking place in the passing year. There were some which were long-awaited, while some had the element of surprise. Here is the list of the five game-changing deals from 2014. The top deal of 2014 was, without doubt, mobile chipset giant Qual...
Dec 23, 2014
 
BMW to Help Takata in Mass Airbag Recall

The most recent car maker to join forces with Takata in the recall of their faulty airbags is the German BMW. They have become the latest company to submit to the appeals from federal regulators to expand the country wide recalls of cars fitted with Takata airbags. The airbags have reportedly become prone to faulty deployment and ruptur...
Dec 23, 2014
 
Google Runs into Opposition on Automotive Front

Google is firmly on its way to becoming a global know-it-all, striking up collaborations and carrying out takeovers with disparate enterprises in order to establish its global information empire. However, it appears the German automotive industry is one fiefdom that won’t allow Google’s knights to run the rule over its subjects. ...
Dec 22, 2014
 
Military Forces Use Video Games to Train and Treat Soldiers

Several governments are looking at gaming to develop military tactics and exercises. The world of virtual reality is being preferred over acting warfare-like scenarios to save costs and taxpayer’s money. According to Michael Condrey, the co-founder of Sledgehammer Games who created Advanced Warfare, the U.S. government is actually investi...
Dec 18, 2014
 
Trouble for the Ruble Puts Russian Auto Industry in Bubble

The first half of 2014 was a prosperous time for the Russian economy, boosted by the 2014 Sochi Winter Olympics. However, Russia’s political isolation has led to a downward spiral since the culmination of the controversial sport epic. Coming on the back of Russia’s ostracization due to Putin’s stubborn stance on the issue of t...
Dec 18, 2014
 
Aviation Ministry Seeks SpiceJet bailout

Civil Aviation Minister, Ashok Gajapati Raju has requested several public sector banks to sanction loans to SpiceJet, the sinking airline awaiting its last straw. However, there seems no economic, political, or a humanitarian logic to this request by the government. He has asked for an amount of INR 600 crore, which will be given on the basis o...
Dec 17, 2014
 
Zimbabwe to formulate Pharmaceutical Development Strategy

Zimbabwe is in the process of formulating a pharmaceutical development strategy with the aim of expanding its utilization capacity in terms of the production of medicines, states a progress report based on the implementation of Zim-Asset or Zimbabwe Agenda for Sustainable Socio-Economic Transformation. Approximately EUR 150,000 was set aside to...
Dec 17, 2014
 
Traders Using Social Networks in Vietnam Expected to Pay Tax

Retailers dealing online in Vietnam are expected to pay sales tax from next year, Ho Chi Minh City.  Websites will be required to register with the government in order to sell goods and also pay tax on various goods they handle, announced The Ministry of Industry and Trade on Thursday. These regulations aim to earn the same...
Dec 17, 2014
 
Lexus Interested in Tesla Mall Sale Approach

Lexus promotes its vehicles with the belief that hybrid cars are superior to fully battery powered electric cars. But when it comes to branding tactics, Lexus seems to be more interested in the strategies that Tesla Motors are following. The directors of the luxury wing of Toyota have been intrigued with the direct sales model played out by Tes...
Dec 16, 2014
 
Sex Education Guidelines Revised for First Time in 14 Years in Scottish Schools

Sex education in Scottish schools hasn’t been revised since 14 years and the new set of guidelines provide an outline on how schools can teach students about sexual health, relationships, and parenthood. Two of the most significant changes that the new guidance has made are regarding same-sex marriages and civil partnerships.  ...
Dec 15, 2014
 
Airtel to Sell 1100 Towers to IHS in Zambia and Rwanda

Bharti Airtel made a huge announcement about its deal with IHS Holding Ltd. The Indian telecom giant plans to sell 1,100 telecom towers across Rwanda and Zambia in the African continent. This move by Airtel comes as it is tries to focus on strengthening its core business and provide better service to its customers. The telecom giant also intend...
Dec 15, 2014
 
Hacking of Belgacons Network Had Far-Stretched Effects - Reports

The hacking of Belgian telecom company Belgacom’s computers, alleged to have undertaken by British hackers, had far-stretched effects than what were earlier assumed, and the act went undetected for over two years, state new reports presented on last week’s Saturday.  The information about the hacking into Belgacom&rsquo...
Dec 15, 2014
 
Uber Faces More Troubles: Freshly Banned Across Many Countries and Cities

Uber technologies Inc. has already faced a record number of legal and regulatory troubles since its launch only four years back. It seems that the pileup of troubles for the company is sought to further rise, with its existence in Indian and Californian market challenged.  District attorneys of San Francisco and Los Angeles have su...
Dec 10, 2014
 
Service Contract for Supporting the A400M Airlifter

According to the French and British ministries, a special service contract has been awarded to the Airbus Defense and Space by the UK and France for extending support to the A400M airlifter that is flown by the French Air Force and the Royal Air Force. In a statement it was expressed by the ministry that for the preliminary maintenance and supp...
Dec 9, 2014
 
Hertz Recognized as the Best Car Rental Company Among Various Industry Awards

The Hertz Corporation receives the ‘Best Car Rental Company of 2014’ title among the leading three travel industry awards.  Bob Stuart, Vice President, Hertz Executive said it is a huge honor to earn these awards and Hertz is constantly making distinct efforts to offer optimum services and products to its customers. The...
Dec 9, 2014
 
Billionaire Plans to Buy Oi Portuguese Assets

Patrick Drahi has drawn an agreement to purchase Oi SA’s phone assets in Portugal for almost US$9.1 billion. This move will allow the billionaire to expand his telecom venture inside Europe. The board of members at Oi approved the sale of PT Portugal’s revenue in the immediate future. Only when the transaction is completed w...
Dec 9, 2014
 
Telecommunications Fraud in Nairobi Targeted Chinese

According to Mao Yizong, a Chinese Embassy spokesman, about 70 Chinese individuals arrested in Nairobi are a part of some cross-border telecommunications fraud. He further added that the group uses communication equipment to cheat and call their targets who are mainly Chinese. Hua Chunying, Chinese Foreign Ministry Spokesperson stated t...
Dec 8, 2014
 
Kingston Resident Selected for Stars 40 Under 40 Award

Cara Williams of Kingston’s efforts are profiting the Massachusetts Ovarian Cancer Coalition. Being the owner of Orta Restaurant, Pembroke she inaugurated the restaurant and a fundraiser with a big bash.  Williams has been selected as the beneficiary of the nonprofit children’s services organization Stars’...
Dec 8, 2014
 
Irish Construction Surging on in November

The Ulster Bank Construction PMI registered at 63.5 in November. This number is down from October’s 64.9, but is still high enough to be considered as extremely promising. It signals a substantial increase in construction activities in Ireland. Business sentiment attained a new height in the midst of optimism regarding the Irish e...
Dec 8, 2014
 
Samsung is now the Official Consumer Electronics Partner to the Proteas and Cricket South Africa

Cricket South Africa and Samsung Electronics South Africa have Samsung as their prospective official consumer electronics partner to CSA and the Proteas. They have announced their three-year deal earlier this week. Their exclusive consumer electronics partnership with the Proteas and CSA includes cameras, mobile and touchscreen devices....
Dec 4, 2014
 
Ukraine Reports Nuclear Power Plant Repair After Short-Circuit

Ukraine’s newly elected Energy Minister Volodymyr Demchyshyn reported that a minor short circuit at the nuclear power plant led to power shortages in many parts of the country. However, it further reported that no one is in danger of radiation because of this. He further added that the incident occurred at the Zaporizhya plant and the eme...
Dec 4, 2014
 
Danone Asked Russian Minister to Take Back His Words on Non-dairy Fats in Milk Products

Danone (BN) has asked the agriculture minister of Russia to apologize for a statement in which he said that global dairy organizations are mixing plant oils in milk products, becoming the most recent western organization to clash with the regulators of the nation. Nikolai Fedorov, the agriculture minister had said on November 28, 2014, ...
Dec 2, 2014
 
US Requires New Nuclear Weapon, Military Experts Quote

A number of military experts, scientists, and leaders have proposed to produce a new set of hydrogen bombs in the US, stating that the existing weapons in the stockpile are 27 years old, on an average. John Hamre, the president of the Center for Strategic and International Studies, said that the US should relieve itself from existing we...
Dec 1, 2014
 
Kenyan Government Looks to Expand Textile and Apparel Industry

The Kenyan government has expressed its desire to develop the textile and apparel industry in the country. The government has urged some of the leading textile companies to establish centres in Kenya.  Wilson Songa, industrialization principal secretary, stated that many textile firms had expressed their interest in setting up base...
Dec 1, 2014
 
Sony Pictures Entertainment Computer Systems Hacked

Sony Pictures Entertainment has been stuck with a massive cyber attack that blowed out the studio’s computer network the last week. People familiar with the matter stated that the company has hired Mandiant forensics unit of FireEye Inc. to investigate and clean up the matter. U.S. FBI is also investigating the matter, stated one ...
Nov 28, 2014
 
UKs Secy of State for Education Thinks Music Limit’s Students Future

The inclusion of the arts in education has been a matter of debate for a long time now, more so after the comments by the secretary of state for education. Nicky Morgan commented that including arts subjects in the curriculum limits a student’s career options. Morgan’s comments have been met with criticism across the region, terming...
Nov 27, 2014
 
Japan Seeks Support Agency for Boosting Defense Exports

In a move to kill two birds with one stone, Japan is planning on securing government support for pushing its weapon exports and strengthening Prime Minister Shinzo Abe stance on the country’s security issues as China gets aggressive with its military arsenal. To get the wheels rolling, the government will convene an advisory meet ...
Nov 27, 2014
 
Indian Tobacco Companies Get Restrictions on CSR and Ads

Indian tobacco companies are already in the red due to the Indian government banning the sale of loose cigarettes. The flames are set to reach higher as the government intends to put a stop to their goodwill activities involving social outreach. The government has chalked out a new anti-tobacco legislation on Tuesday, which sent cigaret...
Nov 27, 2014
 
Samsung Wins Vietnam Project of US$3 Billion

In an attempt to expand its smartphone production into northern Vietnam, Samsung Electronics has gained a US$3 billion project license. The Vietnamese government has granted the South Korean company the green light to invest US$3 billion so that they can expand the production of their smartphone units in northern Vietnam. The Vi...
Nov 26, 2014
 
Saudi Arabia and Iranian Ministers To Decide Upon Cutting Oil Production

In a meeting between Oil ministers of Iran and Saudi Arabia scheduled to take place this week in Vienna, it is expected that Iranian ministers will try to convince ministers of Saudi Arabia to cut oil production.  The news was reported by Iran’s Mehr news agency on Sunday, citing a TV interview with the country’s oil minister. ...
Nov 26, 2014
 
Lithuania to Extend Military Aid to Ukraine

Ukraine was promised military assistance by the President of Lithuania, Dalia Grybauskaite on Monday. This was soon after she condemned the Russia’s terrorist interference in eastern part of Ukraine in a separatist insurgency.  Grybauskaite, who is a major supporter of Ukraine’s bid for closer and stronger ties with the...
Nov 25, 2014
 
Pioneer Foods Exits Bottling Agreement with PepsiCo, Profit Rises by 35%

The South African Food & Beverage Company, Pioneer Foods, ended its agreement for bottling the beverages of PepsiCo. Inc. in the country. The company stated that its profit increased by 35% as it recovered from a 2013 write-down of its poultry unit that it spun off. The company, in its statement issued on November 24th, 2014, said t...
Nov 25, 2014
 
Telecom Firms in UK Lodge Complain about BT for Monopoly

The biggest telecom service providers in Britain have lodged complaint with media regulator Ofcom seeking bigger and fairer competition in the broadband market. Currently this market is tightly held by monopolistic BT. A point repeatedly said by UK Competitive Telecommunications Associations (UKCTA) is that other telecom provides must b...
Nov 24, 2014
 
Executives from Takata and Five Automakers to Answer the U.S Senate Regarding Faulty Air Bags

The issue of recalls has given the automotive industry a huge blow already. Many automobile giants have paid millions of dollars to people who have suffered from injuries caused due to faulty parts in automobiles and a huge number of cases are in progress. The seriousness of many cases is high, and the number of deaths due to faulty automobile ...
Nov 20, 2014
 
Westminster Tobacco Ban Bill Withdrawn

The past few weeks saw a small town in Westminster fight over the Board of Health’s idea to ban the sale of tobacco products. Had the bill passed, the town would have become the first town in the U.S. to prohibit the retail products of legal nicotine. This includes most tobacco based products including cigarettes, chewing tobacco, cigars,...
Nov 20, 2014
 
British Pharmaceutical Co to Set Up Base in Alabama

With the setting up of the British pharmaceutical company in Birmingham, Alabama, nearly 200 new employment opportunities are expected to be open. The plans for the US$29 million unit was to be announced on Tuesday in the presence of mayor William Bell, governor Robert Bentley, and Jefferson County Commission president Jimmie Stephens. ...
Nov 19, 2014
 
Award Winning Foldable Container, DS Smith, Plastics Division

DS Smith, Plastics Division announced the official launch of its new foldable plastics container. The container is planned to be featured in the upcoming exhibition - Salon de l'Emballage, Paris, France.  DS Smith, Plastics Division has been consistently delivering exclusive folding/unfolding time, reusability, space, and recyclabi...
Nov 19, 2014
 
AT&T Cuts Shared Data Plan by 23%

In face of beginning of the biggest shopping season in the U.S., AT&T Inc. is offering a price cut in its data service plans to lure customers. U.S.’s second largest telecom carrier, AT&T has announced price cut in its 15GB data plan. The data plan will now cost $100 a month. This is AT&T’s second price cut in only two m...
Nov 19, 2014
 
Duke Energy Submits Plans to Excavate Coal Ash to NC DENR

Duke Energy has finally submitted plans to North Carolina Department of Environment and Natural Resources (NC DENR) for making coal ash excavations at the high-priority facilities such as Dan River Steam Station (Eden), Riverbend Steam Station (Mount Holly), Asheville Steam Electric Plant, and L.V. Sutton Steam Electric Plant (Wilmington). As p...
Nov 18, 2014
 
Lockheed Martin to take over South Korea's F-16 Upgrade Program

South Korean officials will soon be approving the plan that will pave the way for Lockheed Martin to take over the F-16 upgrade program. A spokesperson from the Defense Acquisition Program Administration stated that a decision making council will soon be scheduled by November 19th in order to approve this plan of changing the KF-16 partner comp...
Nov 18, 2014
 
MHI Vestas to Build Blades for Largest Offshore Wind Turbines in Southern England

MHI Vestas Offshore Winds has decided that it will manufacture blades for its largest turbines in Isle of Wight, Southern England. This is the first step of the company towards a larger wind energy strategy in England.  MHI Vestas Offshore Winds is a joint venture between Tokyo’s Mitsubhishi Heavy Industries Limited and Denma...
Nov 13, 2014
 
Proximity to Fast-Food Outlets Linked to Obesity, Diabetes

The number of fast-food outlets in proximity of people’s homes can be linked to obesity and diabetes rates in cities – according to a new study conducted in the U.K. The study was conducted on 10,000 people in the United Kingdom and conclusions based on the study found that in socially-deprived and non-white or multi-ethnic ...
Nov 12, 2014
 
Samsung Electronics Invests US$3 billion in a Smartphone Plant at Vietnam

Samsung Electronics, the South Korea-based company has applied for a license for starting production in Vietnam. The electronics manufacturer plans to make an investment of US$3 billion in setting up a second smartphone manufacturing unit in northern Vietnam. The plan is to build the unit in the Thai Nguyen province, where Samsung Electronics h...
Nov 11, 2014
 
Kids Performance at School Depends on Mothers Education: Study

A new study has found a link between a child’s academic performance and his/her mother’s education. The study has found that children of older mothers are more likely to perform better at school compared to children of teenage mothers. The team of scientists at University of Michigan found that depending upon a mother’...
Nov 11, 2014
 
China Puts Additional Effort to Rebound Import of Waste Plastics

As compared to 2013, China’s activity in importing waste plastic products in 2014 has increased, reported a representative of Ministry of Environmental Protection Li Shu’ai. Li was present at the Plastics Recycling Industry - Sino-EU Cooperation Seminar held on October 10, 2014 in Beijing. China imported about 39.23 million ...
Nov 11, 2014
 
China to Undertake Infrastructure Development

China has approved funds worth US$ 113.24 billion for infrastructure projects. This step has been taken by the Chinese government in order to give an economic impetus to the sluggish economy of China. As a measure for dealing with the issue of the slump in real estate investment, the infrastructure projects will primarily encompass the developm...
Nov 10, 2014
 
China Railway to Use Legal Means After Mexico Retracts Deal

China Railway Corp. announced that it would use legal methods to protect its interests after the government of Mexico pulled back a US$4 billion deal with a consortium led by China. A China Railway spokesperson said that the company is highly shocked by the decision made by Mexico. There was complete compliance with the Mexican governme...
Nov 10, 2014
 
Important Four Trends in Indian Telecom Industry in 2015

In the coming next year the biggest trends in the Indian telecom industry are Big Data analytics, Internet of things, Network Functions Virtualization, and Mobile Financial Services. The rising volume of analytics due to excessive use of smartphones, availability of 4G networks, and proliferation of social media is giving an impetus to the big ...
Nov 10, 2014
 
BAE Systems Uses Virtual Reality to Build Royal Navy Fleet

BAE Systems is now making use of 3-D virtual reality technology to allow its engineers to build warships for the Royal Navy in a more efficient and cheap manner. BAE Systems, an aerospace and defence company, intends to use this technology to give its sailors on team and design engineers a chance to walk through the computer-generated vessels t...
Nov 6, 2014
 
M&S Shares Rise While Sales Drop

Marks and Spencer shares have increased by almost 10 percent. This rise is despite the fact that the company is experiencing a quarterly fall in sales, its 13th consecutive one. The company has blamed it on unseasonal conditions in September. The retailer, which is now more than 130 years old, reported that like-for-like general merchan...
Nov 6, 2014
 
Infrastructure Development Contract between USAID and Tetra Tech

A contract worth US$ 650 million has been won by Tetra Tech. Tetra Tech has won this contract with the US Agency for International Development in order to support the betterment of infrastructure in urban areas in the developing and the underdeveloped economies. Tetra Tech is a US based public company that provides services that relate ...
Nov 5, 2014
 
The Planetary Fall Issue Explains the Use of Lasers in Astronomical Observations

Paul Schenk observes and studies the surface geologic histories and features of the outer planets’ icy moons and using vital data and spacecraft imaging methods he also creates maps of the object moons.  Paul is recently working with Cassini images of Saturn’s icy satellites and has found something that is certainly ast...
Nov 5, 2014
 
Xiaomi Announces Plans to invest US$1 billion in Internet TV Market

Xiaomi Technology, a China-based company announced its plans to spend US$1 billion to expand its internet TV content. Xiaomi is the third largest smartphone maker which is now moving towards entering living rooms of its wide customer base. The internet TV market is estimated at US$3 billion. Xiaomi’s booming TV division includes Xiaomi TV...
Nov 4, 2014
 
Pressure Build on New Brunswick Government to Reveal Shale Gas Industry Plan

The pressure on New Brunswick government is increasing by the day to reveal its plan for the shale gas industry. The government needs to reveal its plan about the promised moratorium on fracking. Since the rules of the industry aren’t yet streamlined, the shale industry remains in limbo. It has been a decade since the industry is producin...
Nov 4, 2014
 
Tornier-Wright Medical Deal Signed for US$3.3 Billion

In a deal worth US$3.3 billion, Wright Medical Group Inc. has bought orthopedic-device manufacturer Tornier NV. The all-stock agreement was announced by the two companies on Monday.  Wright is an orthopedic medical device maker headquartered in Memphis, U.S. The company designs and develops reconstructive joint medical devices and ...
Oct 29, 2014
 
Steel Firms Fall Behind to Retail in Industry Ranking

The Sunday release by the China Non-government Enterprise League exhibited statistics of the private-sector steel producers that fell out of the leading 10 positions on 500 private companies list after being affected by the weakening domestic demand.  Shandong Weiqiao Pioneering Group Co Ltd, Legend Holdings Ltd, and Suning Applian...
Oct 29, 2014
 
Tesla Car Owners Exempted of $12,000 License-Plate Fee in Shanghai

In a move to promote adoption of new-energy based vehicles, Shanghai city has decided to exempt Tesla Motors Inc. car owners from paying the usual US$12,000 fee required for earning license plates. Tesla Motors Inc. car owners can now register their cars for free. Already, nearly 400 such individuals have received free license plates in...
Oct 29, 2014
 
Asthma Drugs in Children Can Have Long Term Harmful Effects

After conducting a research study, researchers at the University of Southern Denmark and the University of Copenhagen have concluded that children’s consumption of asthma drugs can have long term and serious unfavorable drug reactions. These risks have not completely been documented in the pre-marketing clinical trials. The latest study h...
Oct 29, 2014
 
Tesla Stocks Bounce Back After Musk Twitter Rebuttal

Elon Musk, the CEO of Tesla Motors, tweeted that sales of their Model S electric car increased by 65 percent in North America in the previous month, successfully reaching a worldwide record high. In quick succession of his tweet, Tesla Motors’ stocks rose by 9.5 percent today, amounting to US$ 242.77. The stock slipped the most on...
Oct 28, 2014
 
FCA Launches Innovative Hub to Support Financial Sector in UK

Financial Conduct Authority (FCA) has initiated an Innovation Hub that will help newly established businesses to introduce financial services and products to the market. The Innovation Hub, a part of the Project Innovate scheme by FCA offers help to businesses to accelerate their plans and deal with regulatory compliance issues their products w...
Oct 28, 2014
 
Scientists Finally Discover How an Antibiotic is Produced in Nature

According to a report in the Nature journal, researchers have identified how a powerful and strong antibiotic agent is created in nature. This research study is expected to open up several research avenues into thousands of molecules of the same type. This will also prove its usefulness in the field of medicine.  This research team...
Oct 27, 2014
 
Chinas Midsize Banks Suffer Constricting Profits Due to Rising Costs and Online Financing Competition

China’s midsize banks are struggling to retain investor’s favors as they are increasingly lagging behind country’s top lenders, and are operating under huge pressures of rising funding costs and competition from online financial organizations.  Margins generated from lending have remained largely constant at large...
Oct 27, 2014
 
Automakers Brainstorm about Selling Online

According to the study published by AutoTrader.com it was found that both, new and used car buyers spend about 75% of their time online to research for a car. The Google stats corroborate this finding further by stating that a user takes about 2.7 months to decide which car to buy. This nature of the buyer has become a challenge for the automot...
Oct 27, 2014
 
WHO to Initiate Ebola Vaccine Trials

The World Health Organization (WHO) recently said that it is striving to speed up the human trials phase for a preventive Ebola Vaccine in West Africa. The announcement was made in a meeting at the WHO Geneva headquarters. The meeting was attended by healthcare executives and medical experts. The trials on humans were previously believe...
Oct 27, 2014
 
Australian Rate Cut due to Weak Jobs and High Aussie Dollar: Goldman Sachs

The Asia-Pacific head of fixed income at Goldman Sachs Asset Management, Philip Moffitt, has underscored the divide between the bond market and economists. He has re-asserted his earlier notion that the Reserve Bank of Australia might be compelled to slash interest rates, despite the tightening U.S. Federal Reserve. The region’s s...
Oct 22, 2014
 
UK Financial Services Sector Struggles with Using Big Data

According to the survey conducted by Opinium, which included around 300 business decision makers in UK, it was found that the Financial Services sector is not using big data to the fullest of its capabilities. This comes as a surprise since the Financial Services sector has always prided itself on seeking technological supremacy, thereb...
Oct 22, 2014
 
Best Western Inaugurates its Third Hotel in Phuket, Thailand

With the opening of the Best Western Patong Beach in Phuket, Thailand, the hotel Best Western has broadly expanded its selection of hotels in Thailand region too.  The hotel is strategically situated less than one kilometer from Patong Beach very close to the heart of Phuket’s prime tourist areas. The hotel is close to the re...
Oct 22, 2014
 
Aspirin May Act as a Catalyst in the Treatment of Schizophrenia

According to latest research studies, anti inflammatory drugs like estrogen and aspirin, and antioxidant Fluimicil can improve and enhance the effectiveness of schizophrenia treatments. Hitherto, it has been stated that strengthening the immune system can aid in treating schizophrenia, however, there has been no concrete evidence suppor...
Oct 22, 2014
 
McDonalds Becomes More Expensive

Americans these days prefer going to food joints like Chili’s, IHOP, and Denny’s rather than McDonalds. The fast food products at McDonalds have become quite expensive as compared to what they have been so far. In fact, the popularity of McDonalds was primarily due to the affordable rates of the food products being offered there. Th...
Oct 21, 2014
 
Purchase of Medical Marijuana Becomes Easier

There’s good news for users of medical marijuana. Though the development currently affects only the Los Angeles area, it is expected to eventually impact the medical marijuana community across the United States. A smartphone app has been developed that enables medicinal pot to be delivered directly to the users’ house. &lsqu...
Oct 21, 2014
 
Canadian Market Sees Capital Auto Re-emergence

In a move of consolidation that is changing the car retailing industry of Canada, Capital Automotive is planning to re-enter the Canadian market. Capital Automotive is a U.S. company that deals in real estate solely for the lands and buildings of automotive dealerships. Capital Automotive was recently taken over by Brookfield Property P...
Oct 21, 2014
 
A New Research Study to Manage the Problem of Battery Overcharge

According to research conducted at the Department of Chemistry, University of Kentucky, batteries can avoid getting overcharged. This as a result, will improve the safety of electronics ranging from mobile phones to aeroplanes. The research group led by Susan Odom primarily focuses on synthesis, testing, and the design of organic compou...
Oct 20, 2014
 
New 64-bit ARM CPU Data Center Platform Selects Mellanox Ethernet Solutions

Leading suppliers called Mellanox® Technologies, Ltd., of end-to-end interconnect and high-performance solutions for storage systems and data center servers announced news for its Ethernet adapters today. ConnectX-3 Pro 10Gb/s is a new line of the company’s Ethernet adapters. It has RoCE integrated on LoM motherboard within the new HP...
Oct 20, 2014
 
Action on Sun Pharma Stepped Up by US Congress

The U.S. legislature is currently heading into the next stage of investigating abnormal increases in drug costs made by 14 pharma companies. The list includes the Indian Dr Reddy’s as well as Sun Pharmaceuticals. The U.S. Congress has already approached Sylvia Burwell, the U.S. health secretary, requesting her to take immediate an...
Oct 20, 2014
 
U.S. Airline Shares Hit After Second Ebola Scare

Fears of the spread of the deadly Ebola virus continues to adversely impact major industries in the U.S., the recent being airline services. Airline stocks took a massive hit and dropped yet again after reports that a second nurse from Texas with the Ebola virus had travelled on a U.S. flight. The shares first tumbled on Monday due to s...
Oct 16, 2014
 
Betterment Wealth Management Receives Platform from Fidelity

As the competition to popularize investment applications intensifies in the global market, industry best tech-savvy wealth management start-up firm has won the commendation of fund manager Fidelity.  Fidelity offers Betterment platform to around 3,000 financial advisers to whom they can offer simple web tools and financial apps to ...
Oct 16, 2014
 
Russia Defense Budget Drops

Russia is being forced to slow down their current major spending drive due to a declining oil price, sanctions from the west and the looming threat of recession. Experts believe it to be a sign of President Vladimir Putin’s aggressive policies might find obstacles in the country’s economic reality. For the first time since 1...
Oct 16, 2014
 
Two Drugs for Idiopathic Pulmonary Fibrosis Win Approval from U.S. FDA

Two new drugs, manufactured by Boehringer Ingelheim GmbH and Roche Holding AG (ROG), have won approval from the U.S. FDA. These drugs are the two medicines introduced in the U.S. market to fight idiopathic pulmonary fibrosis, a deadly lung disease. The FDA stated that Boehringer’s Ofev, chemically known as nintedanib, and Roche&rs...
Oct 16, 2014
 
Mexico Looking to Break America Movil Monopoly in Telecom Sector

Hoping to end the monopoly of America Movil, Mexico has decided to launch its very own mobile network. The Mexico federal government plans to set up and launch the new telecom network by 2018 at least. Currently Carlos Slim’s America Movil dominates the telecom scene in Mexico and the government hopes to encourage more operators to join t...
Oct 15, 2014
 
A Nano-Cocoon Based Drug Delivery System Against Cancer Cells

A special drug delivery system has been developed by a group of biomedical engineering researchers that consists of nanoscale “cocoons” made up of DNA that aim at cancer cells and make the cells absorb the cocoon prior to releasing the anticancer drugs. The researchers belonged to the University of North Carolina and the North Carol...
Oct 15, 2014
 
Chrysler to Recall 184,215 SUVs Due to Faulty Airbags

The world of automotives seems to be in the mood of recalls more than introducing strategies that could increase sales. While the case of recall of millions of General Motors vehicles has not even completed, another well known brand has now joined the recall bandwagon – Fiat’s Chrysler Automobiles.  It has been reported...
Oct 15, 2014
 
Mombasa Coast Hotels Restored Back on the Map

The new theme of the Mombasa Hotel Show at the inaugural is “Getting Back on Track.” The inaugural is due to take place at Wildwaters, Nyali Mombasa within a month’s time.  Mombasa country government has offered investment support for the event that will demonstrate the latest equipment for hotels and restaurants....
Oct 15, 2014
 
American Express Joins with McDonalds USA in Expanding Financial Service

McDonald’s and American Express have announced that they will enable McDonald’s customers who are U.S. Card Members enrolled in the Membership Rewards program, to use the reward points at any McDonald’s outlet. The service will be available at select locations for food and drinks in a McDonald’s restaurant in rea...
Oct 15, 2014
 
Russian Hackers Stole NATO Data For Tracking Ukraine Crisis

News has surfaced about hacking of sensitive documents related with the recent NATO summit,  held at Wales, by Russian hackers. The hackers used a flaw in Microsoft Windows that affects millions of computers, a report by a security agency stated.  The security breach was reportedly a part of a two-year long spying campaign led...
Oct 14, 2014
 
Nestle to Invest Further in Milo, Vietnam

Nestle has plans of expanding the malt beverage factory of Milo in Vietnam, by investing approximately US$ 37 million for its establishment. Nestle firmly believes that market for nutritional drinks in Vietnam holds immense growth potential. The expansion project aims at doubling the productive capacity in the Southeastern part of Vietnam. ...
Oct 14, 2014
 
Nestle to Invest Further in Milo, Vietnam

Nestle has plans of expanding the malt beverage factory of Milo in Vietnam, by investing approximately US$ 37 million for its establishment. Nestle firmly believes that market for nutritional drinks in Vietnam holds immense growth potential. The expansion project aims at doubling the productive capacity in the Southeastern part of Vietnam. ...
Oct 14, 2014
 
Travel Ban Dismissed on Ebola Nations

The U.S. Center for Disease Control and Prevention (CDC) has rejected calls by lawmakers to ban the Ebola-stricken nations from allowing travelers to other countries. They argued that the travelers from the three West African countries where Ebola is most prevalent pose a threat to other nations. A Dallas healthcare worker has been conf...
Oct 14, 2014
 
CCI To Establish A Methanol Manufacturing Plant in New Orleans

Castleton Commodities International, the global commodities merchant will be investing in capital worth US$1.2 billion in establishing a methanol manufacturing plant in the South of New Orleans, along the Mississippi river. The plan is to develop this methanol manufacturing plant in the same 387 acre AMAX Nickel site on the eastern side of the ...
Oct 13, 2014
 
Defense Industry in Michigan Continues to Thrive

Due to its production of military equipment during World War II, Michigan has become famous as the arsenal of democracy. This trend continues to play a large part till today in the state’s economy and adds to America’s overall military prowess. Last year, the state’s defense sector revenue generated around US$3.4 bi...
Oct 13, 2014
 
Drug Residue Could be Possible Pollutant for Wildlife

A seemingly major cause of the new age global crises is the flushing of potent pharmaceutical into the environment. The disposal of human and animal sewage could be more severe than what previous research had shown. Scientists now warn that the global use of drugs that are created to become active at low concentrations, is increasing at a fast ...
Oct 13, 2014
 
EU Analyzes Wind Power to be the Cheapest Form of Energy

A new report published by EU states, onshore wind is much cheaper as compared to coal, nuclear energy, or gas. The cost for onshore wind energy is thoroughly reduced when external agents such as climate change, human toxicity, and quality of air are taken into consideration.  According to the report, the onshore wind costs around E...
Oct 13, 2014
 
Houstons Construction Market Faces Massive Material Shortages

Houston construction industry is facing touch challenges such as increasing cost of building materials and stressed out labor market due to fierce competition and poaching. According to industry experts, these challenges are expected to continue in the near future too. Though the market has 5.4 million square feet of building contracts ...
Oct 9, 2014
 
Samsung Suffers Same Fate as Nokia, BlackBerry

Echoing the demise of once industry leaders Nokia and BlackBerry, Samsung Electronics seems to be facing a similar ending. Samsung’s mobile phone business has reported an abysmal 60% drop in quarterly profits, forcing market experts and analysts to compare it to rivals Nokia and BlackBerry. The South Korean company on Tuesday decl...
Oct 8, 2014
 
Mexican Automakers Maintain Record High

Mexico’s manufacturing expansion plans are bearing fruit, with its auto industry setting a record number of cars and light trucks produced and exported in September. The auto industry continues to be the leading one in Mexico’s current expansion plans. The Mexican Auto Industry Association said on Monday that Mexico produced...
Oct 7, 2014
 
UK Financial Services Recovering Fastest Since Crisis

According to the latest report by CBI, the British financial services industry is recovering and growing at a fast rate ever since the financial crisis first started. Many firms have started reporting profits along with increasing volumes since 2007. The companies providing financial services are confident that they will win new customers in th...
Oct 7, 2014
 
Australias Alpaca Industry Completes the Worlds Largest Shipment Export to China

The Australia Alpaca industry completed its largest shipment ever to export its stock to China. The quality of breeding stock left Australia and reached China in a 10.5 hour long journey.  The export consisted of 525 stud animals’ cargo shipment that was sourced from Victoria and South Australia to China. This export is belie...
Oct 7, 2014
 
Samsung Seeks Refuge in Semiconductor Business, to Invest in New Chip Facility

As its hold in the smartphone market loosens, Samsung Electronics has turned its focus on the semiconductor business. The South Korean IT giant has announced that it will be spending US$14.7 billion on a new chip unit. Samsung is already the leader in the memory chip industry and has stated that the new facility will generate over 150,0...
Oct 6, 2014
 
New Crystallography Technique for Observing the Working of Molecules

Researchers at the University of Leeds have developed a new crystallography technique which is a new way of observe the working of molecules. Crystallography is a technique that is used by researchers to observe the changes that take place within the structure of molecules. A new method of carrying out the time-resolved crystallography has been...
Oct 6, 2014
 
India to be Renewable Energy Superpower: Energy Minister

India’s new Energy Minister proclaims that the country will become a renewables superpower. He said that the current coal-driven energy production will also go through a rapid expansion phase. Regarding the criticism over India’s coal rush and its consequential climate change effects, Piyush Goyal dismissed them, stating the...
Oct 1, 2014
 
Rapamycin to Enhance the Efficacy of Brain Tumor Treatments

Rapamycin is a drug that is taken by patients who have undergone organ transplant. This drug enables their immune systems to accept the newly transplanted organs like the heart and the kidneys. According to latest research studies, Rapamycin could prove to be beneficial to patients suffering from brain tumor by way of giving a boost to the effe...
Oct 1, 2014
 
Alibaba and Tencent to Provide Financial Services

The next battleground for archrivals Alibaba Group Holding and Tencent Holdings is the banking sector. As financial affiliates of both the firms have received approvals from the Chinese authorities to enter the banking sector with opening privately owned banks, both the firms are likely to take plunge with head first at this opportunity. As of ...
Sep 30, 2014
 
Durable Goods Purchases Increased by 2% in August

It is a good sign for the American economy as Americans are spending again. The consumer goods market has once again proposed new products to lure consumers for high purchases. After the financial crisis that took place in 2008, people had heavily cut down on their purchases, as most of them were finding jobs, including full-time jobs. Neverthe...
Sep 30, 2014
 
Tesla Hits Road Block in China

Tesla’s statement to considerably increase sales of its cars in China could prove to be a tougher task than previously imagined. While the company has managed to boost sales in the U.S. with its Model S sedan, the challenges they face in China appear far more complicated. Dan Hsu, a Tesla executive in China, said the company wants...
Sep 30, 2014
 
Barco to Sell its Defense and Aerospace Business to Esterline Corp

Barco NV, the Belgian visual technology company, has announced its decision of selling its defense and aerospace business unit to U.S. organization Esterline Corporation in a deal worth U.S. $190 million.  An official statement from Barco stated that the deal is expected to close in the next three to four months, and that it would ...
Sep 30, 2014
 
MPs Should Back Air Strikes: UK Sec Def

Michael Fallon puts it up to the MPs to “step up” and authorize British air strikes on the militants in the Islamic States. He said it is up to the MPs when the parliament has been recalled to figure out if they are willing and ready to initiate military action against ISIS. Fallon has warned that Britain needs to handle the...
Sep 25, 2014
 
European Train Cos Revamp Train Interiors

Western train manufacturers have begun to fight back their Chinese railway rivals by making their trains more like long-haul planes. The trains are to be equipped with customized carriages and hi-tech seats with embedded tablets. The European train passengers have long-since felt that the comfort factor in trains has been overlooked by ...
Sep 25, 2014
 
Apple Moves to Make its User Data More Private

In a very blunt and brutal remark, Tim Cook stated, Apple does not build its user’s profile using its email content or web browsing habits. He further added that the company handles the user’s information differently as compared to its rivals Google and Facebook. Both these companies use the user’s data for targeted advertisin...
Sep 24, 2014
 
General Motor’s Cadillac to Expand Globally: to Open Headquarters in New York

News has recently surfaced that Hyundai Motor Co, in association with its two sister-companies Kia Motors Corp Hyundai Mobis Co, is about to finalize a land deal in Seoul worth no less than $10 billion. The deal could delay resolution of the recurrently litigious wage talks of Hyundai Motor Co. with its auto workers. A wave of anger see...
Sep 24, 2014
 
Chinese Telecom Cos Get Ready for iPhone 6

Apple’s latest smartphone releases, the iPhone 6 and the iPhone 6 Plus are scheduled to reach the Chinese markets on September 26. Confirmation for received shipments by local telecom companies signals that they are ready to launch the phones when the date arrives. Chunghwa Telecom, Far EasTone Telecommunications Co., Taiwan Mobil...
Sep 24, 2014
 
Epoxy Material Clears USP ISO 10993-5 Specifications and Class VI Tests

The component Epoxy system has the capability of withstanding different sterilization methods that include cold sterilants, EtO, radiation, and more. Master Bond EP21AOLV-2Med is ideally used in the medical device industry in coating, sealing, bonding, and encapsulation applications. Comprised with cytotoxicity and biocompatibility certificatio...
Sep 23, 2014
 
IS Behind Destruction of Heritage Sites: Kerry

U.S. Secretary of State John Kerry has blamed Syrian President Bashar al-Assad and the militant group Islamic State for destroying heritage sites in Syria, terming the act as an ugly, savage, inexplicable, and valueless act of barbarism.  From a meeting focused on the defeat of the IS forces, Kerry broke away and attended a program...
Sep 23, 2014
 
Chinas Wait for Xbox One Extended to Year-End

Microsoft’s Xbox One, which was to be released in China on Tuesday, September 23, will now be out by the end of the year, further delaying the launch. Microsoft has offered no concrete reasons for the delay. A Microsoft spokesperson merely stated that the launch of Xbox One was rescheduled in order to deliver “first-rate gaming and ...
Sep 22, 2014
 
China Travel Advisory Hurts Philippines Airlines

The low-cost Philippines-based carriers are bearing the big brunt of China’s travel warning against the country. However, Philippines is hoping this travel advisory will lift soon and restore business as usual. Marianne Hontiveros, Chairman of AirAsia Zest stated, some flights have had to be suspended due to the travel advisory. H...
Sep 22, 2014
 
Measles Vaccination Program in Northern Syria Claim Lives of Fifteen Children

A vaccination program against measles in northern Syria claimed lives of fifteen children; the program was soon halted. A tragedy of this form could damage the trust of people in health services of the central government in opposition ruled areas.  An investigation was undertaken by a Syrian opposition group for discovering the rea...
Sep 18, 2014
 
Chemical Industry Pushes for a Coherent Regulation

The chemical industry is trying bring in a legislation that will set standards for chemicals that are used into each and every product, right from cellphones to household goods and all the way to plastic water bottles. The industry is pushing this legislation with all its muscle. This will make it tougher for states to enact their respective le...
Sep 17, 2014
 
A New Medicine Developed for Spinal Muscular Atrophy

Spinal Muscular Atrophy is a very common neurodegenerative disease in the US. One in every forty individuals is affected by this disorder which causes muscle weakness over a period of time. A new compound has been developed by the researchers at the University of Missouri. This compound has shown its effectiveness in animal models of this ailme...
Sep 17, 2014
 
ZF Acquires TRW Auto for $13.5 Billion

A deal valued at $13.5 billion has been reached between ZF Friedrichshafen, the German car parts maker and the American TRW Automotive Holdings Corp. The deal includes debt and makes the parent company an automotive supply giant with a total annual sales figure of more than $40 billion. A ZF spokesperson said the deal amounts to more th...
Sep 16, 2014
 
Lanxess Expands its Inorganic Pigments Plant in China

Lanxess is in the process of strengthening its mixing and milling plant to the pigment industrial plant in Ningbo. Lanxess aims to expand its chemicals production plant in China in order to meet the growing requirements for iron oxide pigments across the region.  Laxness, a German based plant specializing in chemicals has decided t...
Sep 16, 2014
 
EU to Undertake Massive Transport Infrastructure Projects

As a measure for improving transport connections, the European Commission has invited bids for infrastructure projects worth € 11.9 billion. This funding package is by far the largest funding of the European Union earmarked for the purpose of transport infrastructure. The member states of the European Union have been asked to submi...
Sep 16, 2014
 
India to Hear US Pharma Patent Issues

In a relatively weaker market, Cipla has managed to rally stocks by 3% up to $10.34, a record high for the pharmaceutical company in the National Stock Exchange (NSE). The latest rally brings the stock for Cipla up by nearly 10% within a span of two days. The stocks rose from a previous $9.46 two days ago. The growth added some relief t...
Sep 15, 2014
 
U.S. FDA Approves Obesity Treatment Pill

The U.S. FDA today approved a new pill for treating obesity, making it only the third drug for obesity treatment approved by the FDA in more than a decade.  Contrave, the pill made by Orexigen Therapeutics Inc, is a combination of Orexigen's formula of naltrexone, designed for the prevention of drug dependence, and bupropion, an an...
Sep 11, 2014
 
Shadow Banking System in China Deleverages

The shadow banking system in China is evidently witnessing a rapid de-leveraging activity. Such a disorderly and rapid reduction will hamper the country’s banking segment. Thus, it becomes important for China to develop a well-regulated financing channel of investment to meet the funding needs in the shadow banking system, reports Austral...
Sep 11, 2014
 
Samsung Makes Entry into Medical Equipment Sector in Australia

Looking to enhance the quality of patient care and diagnostic solutions, Samsung has launched a health and medical equipment division in Australia. Although the tech giant has been in the business of health and technology for nearly three decades, this is the first time Samsung Australia has ventured into the medical equipment sector. Samsung M...
Sep 10, 2014
 
Israel Provides Defense Data on Islamic State to Pentagon - Western Diplomat

If a Western diplomat is to be believed, Israel has provided defense intelligence data against Islamic State in Iraq to U.S as a way to support U.S. led campaign against the terrorist group.  Once the information is relieved of its tag of being Israeli in origin, the information has been shared often by Washington with its Turkish ...
Sep 10, 2014
 
GE’s Appliance Unit to be Acquired by Electrolux

General Electric Co’s 100 year old appliances unit will soon be bought by Electrolux AB for $3.3 billion in cash and the Swedish company Electrolux AB will be at par with US’s market leader, Whirlpool Corp. This being Electrolux’s biggest purchases will bring together brands like Zanussi, Hotpoint and Frigidaire to create a co...
Sep 9, 2014
 
Nordstrom, Inc. Declared Opening of Full-Line Store in Greater Houston Area

Nordstrom Inc. has taken its store a step forward, said an analyst report JWN on Friday. It is a full-line store situated in the greater Houston area.  Initially located in Texas at The Woodlands Mall in The Woodlands, the opening of Nordstrom in Houston marks its second full-line store after The Galleria store, opened in 2003. The...
Sep 9, 2014
 
Signalhorn Declares Metric Capital Partners Private Equity Investment

Signalhorn based in Backnang, Germany announced that the Metric Capital Partners (MCP) has provided the company with some capital. With this amount it will allow Signalhorn to expand its global business operations and venture into new markets. MCP is a European private equity firm.  Signalhorn which is a privately secured compan...
Sep 8, 2014
 
Duke Energy Grabs Atlantic Pipeline Shares

The pipeline business will witness a return of Duke Energy Corp., who will become the co-owner of a natural gas line that is to run between West Virginia and North Carolina. The pipeline will run till the southeast of North Carolina and is worth $5 billion. Duke Energy established its natural gas section in 2007, calling it Spectra Ener...
Sep 3, 2014
 
Women Taking Initiative in Construction Industry

According to the 2013 reports, the construction industry and other related fields had around 7.1 million Americans employed, of which 2.6% were only women. However, The Western Slope is trying to bring a change to this by educating women who are interested in this field of industry.  Lisa Huff is a traffic control supervisor at Gra...
Sep 3, 2014
 
UAE, France to Confirm Spy Satellite Deal

UAE and France are expected to confirm upon their deal on the business regarding the Falcon Eye spy satellites in the coming weeks, while also looking into the trading of 40 fighter jets of the Dassault Rafale series.  A UAE source closely related to the negotiations stated that the discussions about the deal were almost over and t...
Sep 2, 2014
 
Apple partners with MasterCard, Visa and American express to create iPhone Wallet

The new Apple iPhone that will be unveiled on September 9 will feature a near-field communication ship (NFC) that will serve as a mobile wallet. Apple Inc. has been in talks with MasterCard Inc., American Express Co., and Visa Inc. to enable iPhone users to use their smartphones to pay for purchase of goods. While retailers are still he...
Sep 2, 2014
 
Art Display Exhibition Brings Awareness for Marine Conservation

‘My Sea, Your Sea. Keep it Litter Free’ program delivers a very simple but an effective message – to put an end to treating the sea waters like a dump of rubbish.  This movement is supported by an exhibition made out of marine litter art displays set up at Living Coasts situated in Torquay. The Operations Manager ...
Sep 2, 2014
 
Indian Pharma Names form IPEC India

The top pharmaceutical excipients industry names in India have come together to establish the country’s first-ever excipients council, the International Pharmaceutical Excipients Council (IPEC). Ajit Singh from ACG Worldwide and Subodh Priolkar from Colorcon Asia are the founding members of IPEC India. The other founding-member co...
Sep 1, 2014
 
Apple’s Brand New iPad Launch is Expected to be in Early 2015

Suppliers at the Apple Inc. are preparing to create the company’s largest iPad, which can be launched in the market in the first quarter of the coming year. This new iPad will have a screen size of 12.9 inches diagonally. Currently, Apple makes iPad with 7.9 inch displays and 9.7 inch displays. A Californian company called Cuperti...
Aug 28, 2014
 
Valeant and Pershing Square win Bid to Fast-Track Allergan Shareholder Meeting

Valeant Pharmaceuticals International Inc. and Pershing Square Capital Management have won a proposal regarding the rapid proceedings of a proposed shareholder meeting of Allergen Inc., as a part of Valeant Pharmaceutical’s takeover bid worth $54 billion. The proceedings are set to decide whether the support of enough numbers of A...
Aug 28, 2014
 
Improved Diagnosis of Rheumatoid Arthritis due to Biomarker

The diagnosis rheumatoid arthritis may become a little easy for physicians because of a new type of biomarker. Biomarker refers to a certain measurable indicator of a physical/biological condition. According to research, unlike the traditional antibody-serum testing techniques, the identification of blood-serum levels of 14-3-3eta protein, exhi...
Aug 28, 2014
 
Heart Monitor from AliveCor Receives Clearance from FDA

AliveCor Incorporated announced that the United States Food and Drug Administration (USFDA) granted the company clearance for the algorithm use to detect AFib (atrial fibrillation). Atrial fibrillation is the most common type of cardiac arrhythmia. The automated analysis process or algorithm from AliveCor instantly detects if a patient ...
Aug 27, 2014
 
Red Blood Cells Stimulating Hormone May Lead to Brain Preservation in Premature Infants

According to research, a certain hormone that is used for reducing the need for blood transfusion may aid in protecting the brains of premature babies.  According to a pediatrics professor at the University of Geneva, Switzerland, synthetic erythropoietin (EPO) can prove to be helpful in preventing brain damage in premature babies....
Aug 27, 2014
 
Kids in England’s state schools should receive sex education at seven: Liberal Democrats

The Liberal Democrats have states that all state schools should begin conducting lessons on relationships and sex to children from the age of seven. The plan will be included in the Lib Dem election manifesto. The “curriculum for life” class would include “age-appropriate” lessons on sex in order to prepare children for ...
Aug 27, 2014
 
Canada Sets Foot in Medical Devices Industry

With Europe, the U.S. and Asia already established in the $335 billion medical devices industry, Canada is all set to join the race. The federal government has already invested $15 million into a Medical Devices Commercialization Centre, and another $15 million is expected from other partners. The centre, which will be located at the University...
Aug 26, 2014
 
AirAsia Malaysia to Roll Out Flights at $13

To put Malaysia back on track after the country faced two of the biggest tragedies of this year, Malaysian AirAsia plans to offer a mega sale on its ticket fares. Malaysian Airlines has faced a big blow this year due to the devastating events. The Kuala Lampur-based airline is planning to offer a sale on flights between Australia and Ma...
Aug 25, 2014
 
POTRAZ, Zimbabwe Claims Telecoms Tariffs as Outdated

As informed by industry’s regulatory body, rates decided by the telecommunication companies do not reflect the cost of procuring the services.  This issue is based on a recent study by the telecoms services providers based in Zimbabwe regarding overcharging consumers on different products.  However, against this ...
Aug 25, 2014
 
Disney Files Patents for its Drone-related Air Show

Walt Disney Corporation has filed for 3 patents which are related to drone. This could result to an era of aerial movie screen and puppets which are larger-than-life that could appear flying through the sky. Disney Enterprises Incorporated subsidiary suggests that it has proposed for the drone powered air shows which could serve as an a...
Aug 25, 2014
 
New CFO for Mesoblast

Paul Hodgkinson has been welcomed by pharmaceutical company Mesoblast as their new Chief Financial Officer. Mr. Hodgkinson has proven himself by showing a high experience in all financial aspects of the pharmaceutical industry. Between 2011 to 2014, Paul Hodgkinson was the Chief Financial Officer for Novartis ANZ Group, and had full fin...
Aug 25, 2014
 
Sony Executives Puzzled Over High PS4 Sales

Sony’s latest gaming console, the PlayStation 4, has already sold almost 10 million units since its launch in late 2013. The company’s sales executives however, do not know why the console is selling so much. The executives fear that the above-average sales trajectory could spell an early burn and result in large losses in t...
Aug 21, 2014
 
Auto recalls affecting car rental firms across U.S.

Car rental companies across the U.S. have taken a hit as more and more car manufacturers have been recalling units this year. This has caused a shortage of vehicles at car rentals affecting the overall industry in the country.  The latest car rental to be hit is Hertz Global Holdings Inc. Stocks of the company plunged 13% on Wednes...
Aug 21, 2014
 
Botox Injections in Nerves Surrounding Tumor Cells Found to Retard Stomach Cancer Growth in Mice

Botox may have helped millions in looking younger over the years of its inception, but a new research presents a whole new world of opportunities for the drug.  A recent research from the medical center of Columbia University has provided hints at the probable use of Botox in blocking the growth of stomach cancer. The research stud...
Aug 21, 2014
 
Dual Effect of Aspirin

Ibuprofen, aspirin and naproxen are examples of anti-inflammatory nonsteroid medicines which work by destroying cyclooxygenase, an enzyme which aids in the production of prostaglandins, lipid compounds with hormone like characteristics which are connected to ailments such as menstrual cramps, wound sepsis, arthritis and headaches.  ...
Aug 20, 2014
 
BRG Welcomes New Financial Advisors

The Berkeley Research Group, a global strategic advisory and expert services group, has expanded its panel of experts to add three names: John Maher, Wendi Lonnquist, and Jack DeWitt. Each of them possesses deep knowledge and experience on banking and risk management advisory. Walter J. Mix III, a leader at BRG’s Financial Service...
Aug 20, 2014
 
New Regulations Need Bloggers in Russia to Register

Around several thousand bloggers will be required to register if this measure is taken. Roskomnadzor might close down the accounts of bloggers that don’t follow the new regulation. Roskomnadzor has sent Boris Akunin and Eduard Limonov that are known for their opposition to the government according to the daily newspaper Izvestia. ...
Aug 20, 2014
 
Chinese Billionaire Urges Competitors to Bring it on.

Li Shufu, acclaimed billionaire and chairman of Volvo Cars and Chinese automaker Geely Automobiles, has asked the Chinese government to open its doors to more foreign names. He believes it is the best way to stimulate healthy competition. According to sales, the Chinese automotive sector is the largest in the world. Li Shufu says that t...
Aug 19, 2014
 
Setting Up of R&D Center by Snyders-Lance

The establishment of a research and development center in 2013 has led to doubling of revenue earned by Snyder’s-Lance, Inc. in 2014. US’s second largest manufacturer of salty snacks Snyder’s-Lance, Inc. recently observed its first anniversary and has its biggest bakeries in Hanover, Pa. New products have been introduc...
Aug 19, 2014
 
Brent Crude, the International Oil Mark Declines

Brent Crude is one of the major trading classifications related to sweet light crude oil, which serves a major benchmark for global oil purchases. This benchmark declined amid speculation which threatens the Middle East oil supplies easing. In addition, West Texas Intermediate fell in New York. Futures declined by 0.7 percent in...
Aug 18, 2014
 
Japan Looks to Export Defense Equipment to ASEAN Countries

For the first time since Japanese Prime Minister Shinzo Abe decided to ease restrictions on the export of defense equipment in April, the government has planned to hold a conference hoping to pitch arms exports to the Association of Southeast Asian Nations. The conference, which may be held in late September, will be conducted in Tokyo and will...
Aug 18, 2014
 
China Accused Mercedes-Benz for Violating Pricing Rules

China accused the renowned luxury car manufacturers - Mercedes-Benz for manipulating prices and violating the anti-monopoly prices in the after-sales services that took place across the country.  According to some leading reports in the industry, Mercedes was engaged in anti-competitive malpractices while doing business in Jiangsu ...
Aug 18, 2014
 
Affordable SLS 3D Printers to be Launched in the Market

As patents have started expiring for 3D printing technologies, many affordable additive manufacturing is estimated to occur. A good number of stereo lithography machines have been introduced in the market; however, much has not been heard by selective laser sintering (SLS). The SLS technology was first invented by Deckard out of UT Aust...
Aug 14, 2014
 
Manufacturing Witnesses Rise in Mergers and Acquisitions

According to the recent report published by PricewaterhouseCoopers LLP, the incidents of mergers and acquisitions are on the rise in the manufacturing industry. The report further states, the value of industrial manufacturing in the second quarter of 2014 reached $60.5 billion as compared to $9.9 billion in the same period last year. U.S. Indus...
Aug 14, 2014
 
Financial Services for Marijuana Businesses

Following the Federal regulations that started allowing banks to work with marijuana-related businesses, more and more banks are beginning to provide financial options to them. About 105 banks and credit unions have begun supporting local licensed marijuana-related businesses. The banks are spread out across one-third of the United Stat...
Aug 13, 2014
 
No Connection between Osteoporosis Drugs and Lower Incidence of Breast Cancer

According to research carried out at UC San Francisco, it was concluded that as against the popular thought, women can’t be protected from breast cancer by consuming osteoporosis drugs. It was earlier observed that women who took osteoporosis drugs were less likely to contract breast cancer.  However, through clinical trials ...
Aug 13, 2014
 
Mexico Projected as the Largest Poultry Importer by Next Year : USDA

The United States Department of Agriculture (USDA) projected that next year Mexico will be seen as the largest poultry importer across the globe. It will surpass Japan too.  According to the Mexico National Union of Poultry Farmers (UNA), Mexico ranks as the sixth largest poultry meat producer in the world. In 2013, Mexico was esti...
Aug 13, 2014
 
Sanofi to sign $925 million deal with MannKind Corp for inhaled insulin

Looking to find an alternative option to daily injections for patients suffering from diabetes, French drugmaker Sanofi is counting on inhaled insulin and has decided to sign an agreement with California-based biopharmaceutical company MannKind Corporation. The $925 million deal is Sanofi’s latest move to explore new ways to treat diabete...
Aug 12, 2014
 
2013 Medtech Jobs Scenario Showed Accelerated Hiring Activity

In 2013, the medtech jobs scenario looked encouraging, with considerable hiring activity from the top 15 medical device manufacturers, the latest EP Vantage report states. These companies reportedly increased their overall workforce by 6% (this figure does not include pharmaceutical spinoffs), according to the report.  Baxter Inter...
Aug 12, 2014
 
South Korean Firms Halt Construction Activities at Libyan Power Plant Amid Security Concerns

South Korean construction groups Hyundai and Doosan have halted the construction of power plant in the town of Sirte, Libya, due to security reasons. The plant was meant to be of 1,400 megawatt capacity.  The managing director of the plant and a spokesperson from the town council stated its decision to do so in accordance with Sout...
Aug 12, 2014
 
Footwear Giants Aim for Vietnam Footwear Industry

The domestic footwear and leather industry in Bernama is showing positive results in the market, says Vietnam News Agency (VNA). Many giant footwear manufacturers such as Puma, Adidas, and Nike have placed orders to different Vietnamese firms, instead of having their stock readied from Bangladesh and China.  Do Thang Hai, th...
Aug 12, 2014
 
Sun Pharmaceutical to Open into Japanese Market with Daiichi Sankyo

Sun Pharmaceutical is on the verge of taking over the Ranbaxy Laboratory from Daiichi Sankyo. They plan to use this acquisition to gain entry in to the Japanese pharmaceutical market. The medicine industry’s giant will be able to crack into the Japanese market three to four years after their deal with Ranbaxy closes. Sun Pharma re...
Aug 11, 2014
 
Mahindra and Mahindra reports a marginal growth

The positive growth of 50-basis points (bps) for Mahindra and Mahindra for the June quarter might not be a big reason celebrate, but it surely is worth a mention. This result when compared to its last year’s 8% lower sales and poor farm equipment sales, seems like a good one. The minor improvement in operating margin to 14.3% and 5% incre...
Aug 11, 2014
 
Sale of HKEx-Shanghai Stocks Control Displays Mainland Rules Apply

Traders that want to sell their shares which are listed in Shanghai need to transfer their securities to a broker to comply with the Chinese regulations, according to Charles Li the CEO at Hong Kong Exchanges and Clearing Limited. Investors that are using the Shanghai- Hong Kong exchange link for accessing China’s USD 3.6 trillion...
Aug 11, 2014
 
Lenovo Announces September Release for Vibe Z2 Pro

The Chinese firm Lenovo has announced to launch their new smartphone, the Vibe Z2 Pro, in the UAE and Saudi Arabia in September. Lenovo’s new release will be in direct competition with the flagship devices of other companies such as Samsung’s Galaxy Note 3, Sony’s Xperia Z2, and LG’s G3. The Vibe Z2 Pro c...
Aug 7, 2014
 
Mismatch between Demand and Supply will Prevail in the Cement Industry

Chairman Kumar Mangalam Birla stated that, over the long-term the growth of cement demand will move up to double digits and the factors driving this growth will be the increasing housing and infrastructure activities. Mr. Birla addressed shareholders at the company’s 14th AGM and said that during the period of 2013 – 2014, t...
Aug 7, 2014
 
Westpac Developed a Unique Banking App

Westpac has developed a banking app that uses improved reality for account management. This app is an interactive platform that helps users make payments, find the closest branch or ATM, and categorize the spending appropriately. All that needs to be done is slide a debit or credit card in front of a phone’s camera and witness the visual ...
Aug 7, 2014
 
SFX and MasterCard Partner up to Improve the EDM Culture

Media conglomerate SFX Entertainment has made an effort to become the biggest name in the Electronic Dance Music (EDM) culture; they have partnered with MasterCard to create an exclusive platform for its users. SFX Entertainment has mostly focused on EDM, and plans to build an easier way for fans of this music category to access their s...
Aug 6, 2014
 
iPhone 6 to be announced by September 9, 2014

In line with the history of September launches, Apple plans to hold an event for its iPhone 6 on September 9. Previously too, the telecom maker launched its iPhone 5c and iPhone 5s on September 10, 2013, and iPhone 5 in September again the year before that.  This move comes with the intent to hike up the September revenue. This eve...
Aug 6, 2014
 
Pfizer in a US$635 million Deal to Acquire Baxters Vaccines Portfolio

Pfizer Inc. has signed an agreement that will help the pharmaceuticals behemoth to acquire the marketed vaccines portfolio of Baxter International Inc. The deal, worth US$ 635 million, will also see Pfizer acquiring a part of the manufacturing unit in Orth, Austria where Baxter produces these vaccines. Baxter has built an impressive por...
Aug 5, 2014
 
Zenith Energy bags USD 600 million investments from Warburg Pincus LLC

Houston-based Zenith Energy is setting up operations with an investment of USD 600 million from Warburg Pincus LLC, a New York-based global private equity firm. The upcoming energy setup will be led by Jeffrey Armstrong, who, until recently, was heading corporate strategy at Kinder Morgan Inc., another Houston-based firm. Managing Direc...
Aug 5, 2014
 
Indian Scout - Reintroduced

The Indian motorcycle brand, Indian Scout which had become defunct has again been introduced in the market. It is now ready to diversify by introducing an inexpensive and a smaller version of the motorcycle. During the yearly held motorcycle rally in Sturgis, Polaris Industries unfurled the “Scout”. The price of this Indian ...
Aug 4, 2014
 
New Mobile Application, Phantom, Allows Stricter Control Sharing Content Online

Phantom, a new mobile application, could soon change the way people share and view photos and videos. This new application, available on Android and iOS, allows people to post ‘self-destructing’ photos and videos to social media sites (such as Facebook and Twitter) and blogs. This application provides users more control over how the...
Aug 4, 2014
 
Automobile industry shows growth

Automobile manufacturers drove the hiring activity in top gear for the month of July. Generally this is during this time frame automakers shut shop to retool for the models to be made in the next year. But, the sector added about 14,600 jobs. This is the strongest hiring seen since November 2013. It is tantamount to more than half of wh...
Aug 4, 2014
 
Medical tourism working out well for Malaysia

Malaysia has always been a tourist destination, attracting huge crowds on account of its malls and beaches. But visitors have a new reason to go to this Southeast Asian country. Malaysia is now being branded as a nation offering the best and most affordable healthcare. Although fairly new in the market, Malaysia is already eyeing the world&rsqu...
Jul 31, 2014
 
Instagram Develops A New Photo App

Snapchat-style Bolt app is the current new development by Instagram that enables users to send photographs that automatically get deleted after being viewed by the receivers. This app is currently available in South Africa, New Zealand and Singapore. It has however, been criticized by a small tech start-up firm also by the name of “Bo...
Jul 31, 2014
 
Ford To Replace Blackberrys With Iphones For Corporate Use

Ford Motor Co. has decided to ditch BlackBerry smartphones for Apple’s iPhones for corporate use to their employees across the globe. The decision works in favor of Apple Inc. who had recently announced its plans to expand its corporate customer base.  The second largest automaker in the U.S. will provide iPhones to 3,300 emp...
Jul 30, 2014
 
Job Cuts at JP Morgan, Salary Hike at Morgan Stanley

What caused an upbeat start for a group of young bankers at a leading US bank resulted in job cuts at another.  Inside sources claim that Morgan Stanley, one of the leading US banks is all set to reward its junior bankers with salary hikes of at least 25%. JP Morgan on the other hand, another major bank of the US, is on the verge o...
Jul 30, 2014
 
U.S. anti-dumping tariffs hit Chinas solar energy market

United States has imposed new set of import duties on the solar energy market of China. This move comes after U.S. realized that Chinese Commerce Department selling the imported solar cells and panels at cheaper prices in U.S market was hurting the western producers. This means that tariffs imposed on the China made solar products would...
Jul 29, 2014
 
Australian Manufacturers Group Amid Rising Concerns Over Burgeoning Gas Exports

Australian manufacturers are requesting the government to intervene in the matter of the rapid growth of gas export industry following the release of a report that predicts that rise in gas prices could result in a loss of nearly 120 billion dollars due to manufacturing production losses by 2021.   The report named, Deloitte Access...
Jul 28, 2014
 
Malaysias Reach Energy Bhd. is attracting investors from around the world

Investors from around the world such as Norway’s sovereign wealth fund worth USD 890 billion has been attracted by Malaysian Reach Energy Bhd. in an initial public offering to fund their acquisitions of gas and oil fields. The largest sovereign wealth fund in the world, the Norges Bank Investment Management and Malaysian pilgrim f...
Jul 24, 2014
 
Facebook now worth USD 190 billion, on par with IBM Corp

Thanks to Facebook Inc.’s increased mobile advertising business, the company’s revenue went up 61% during the second quarter, surpassing Wall Street’s financial targets. Share value also jumped to a record-high in afterhours trading. The No.1 social networking site saw a widening of profit margins and the interest from users a...
Jul 24, 2014
 
Financial services sector to raise headcounts

As the developed markets are gaining momentum, CEOs of financial services across the globe are intent on recruiting up to 5% in this year. This new comes after a report published by PwC on studying the growth of the global economy. The financial services sector plans to recruit employees from diverse backgrounds such as from the governm...
Jul 24, 2014
 
RTS,S to be the worlds first vaccine against malaria, developed by GSK

British drug maker GlaxoSmithKline, aims at coming up with a vaccine against malaria specially developed for children in Africa. For this, GSK has applied for consent from regulatory authorities. The vaccine is known as RTS,S which is meant to be used outside of the European Union even though its evaluation is to be carried out by the European ...
Jul 24, 2014
 
Consumption of High-fat Foods May Lead to Loss of Sense of Smell

A new study has established an association between high-fat diet and its effects on the structural and functional changes occurring in the olfactory system of our bodies. The research has been undertaken by neuroscientists at the Florida State University to understand the effect of diet on human senses and functions that are not generally consi...
Jul 24, 2014
 
FDA warns about using drugs by Compounding Pharmacy, especially on Sovaldi

The Food and Drug Administration has passed its third warning in 15 months against the use of certain drugs produced by a Dallas compounder. FDA objects to the drugs manufactured by Recalcitrant Compounding Pharmacy because the medicines may be contaminated and may pose threat to the healthcare consumers and providers. The current tussle betwee...
Jul 23, 2014
 
Murdoch Could Benefit from the Fox-Time Warner Deal

The move of Rupert Murdoch buying Time Warner will help the company Twenty-First Century Fox chairman to make larger inroads in China, which is the fastest growing economy in the world and targeted by media moguls currently. The board of Time Warner rejected Murdoch’s USD 80 billion offer, however, the Fox chairman is expected to ...
Jul 23, 2014
 
Eating Beef More Costly To Environment Than Any Other Animal-Derived Food

Reducing greenhouse gas emissions may actually be easier than before. Eating less beef has been proven by scientists to cut carbon emissions. The environmental costs of producing beef are extremely high. While the production of dairy, pork, eggs and poultry are also alarming, nothing compares to beef. Eating beef leads not just to increase in g...
Jul 23, 2014
 
Anti-Cancer Drug Helps Expose Hidden HIV Cells: Study

In what could be termed as a major breakthrough in the fight against HIV, researchers have discovered that a particular anti-cancer drug activates and exposes hidden HIV cells. The drug romidepsin activates the HIV cells into readably detectable levels in the blood where it can be attacked by the immune system. Researchers studied six HIV...
Jul 23, 2014
 
A Combination Drug Treats Hepatitis C in Patients of HIV

Gilead Sciences Incorporated, Solvadi, is controversial due to its price. This drug helps to cure the condition of hepatitis C in people that have HIV, as stated by researches who believe that his drug has the potential to limit the top cause of fatality in these patients. In the study around 223 HIV-infected patients used Solvadi in co...
Jul 22, 2014
 
Chinas Declining Marine Economy Demands A Rise In Resource

China’s ocean resources exploration activities are nudging the policymakers to approach the sea resources for further development, reported a release on Tuesday in Beijing.  China’s Ocean Development Index increased in the forecast 2010 – 2013 with a value of 100 to 115.5. The marine side in this economic sector m...
Jul 22, 2014
 
China Mobile Targets 50,000 Base Stations for 4G by End of 2014

China Mobile, the largest telecom firm in China, announced on Monday its plans to install over 50,000 base stations for the 4G mobile network. The installations are expected to be complete by the end of 2014. In addition to this, international roaming services for 4G will be opened in 50 more countries and regions that are frequented by...
Jul 22, 2014
 
Ackman Sends Herbalife Shares Tumbling Down

After Bill Ackman made claims to bring out the truth about Herbalife’s pyramid scheme, the healthcare company’s shares have declined to the lowest in the three months. Herbalife ensures weight loss through consumption of its weight-loss shakes, has taken a serious beating ever since Ackman, head of Pershing Square Capital Management...
Jul 22, 2014
 
Flurry Acquired by Yahoo to Boost Advertisement Revenue

App analytics firm Flurry has been acquired by Yahoo with a view to generate greater revenue from the sale of smart phones. App analytics firms aim at helping app developers to analyze data pertaining to the users and provide highly personalized advertisements to them.  Yahoo’s several competitors have also taken over app ana...
Jul 22, 2014
 
McDonalds, Yum break ties with Chinese supplier over food safety concerns

McDonald’s Corp and KFC-parent Yum Brands Inc have decided to break ties with a Chinese meat supplier owing to food safety concerns. The U.S. fast food chains apologized to its Chinese customers after the supplier was shut down by state regulators.  It was suspected that the Chinese branch of OSI Group LLC had been supplying ...
Jul 21, 2014
 
Huatong Road & Bridge Group Co. fuels Chinese Debt Costs

Chinese companies’ borrowing costs have reached the highest in eight months with concerns for the Huatong Road & Bridge Group Co., which might emerge as the second onshore corporate to default on the bonds. The top rated commercial paper yields during a year climbed by 26 points previous week. This was the steepest since the i...
Jul 21, 2014
 
Diagnosis rate of HIV fall by a third in United States

Researchers have stated that, the rate of diagnosis of patients with HIV annually has fallen by a third in United States. This has happened during the duration between 2002 year to 2011 year. According to a special issue published by the Journal of the American Medical Association, fewer people in U.S. have tested positive for HIV, exce...
Jul 21, 2014
 
OMV Petrom Announces Discovery of New Oil Reservoir in Black Sea

Leading oil and gas producer OMV Petrom, with operations in South-Eastern Europe, has announced its discovery of a new oil reservoir. According to the company, the reservoir is located on the Romanian Black Sea’s continental shelf. The company informed that the a well with a depth of 2,150 meters below the seabed was drilled to find the o...
Jul 21, 2014
 
Expired Beef and Chicken Products from Chinese Supplier Force McDonalds and Yum! Brands to Implement Embargo

Leading food brands Yum! Brands Inc. and McDonald’s Corp. have put an embargo on the purchase of meat products from a supplier in Shanghai in the backdrop of authorities investigating allegations about the Chinese supplier having sold beef and chicken products past their expiration date. McDonalds has notified all its outlets to i...
Jul 21, 2014
 
Food safety outrage in China

Two popular fast food eating joints KFC and McDonald’s in China are facing issues with their food safety standards, after a television station of Shanghai reported that these outlets were using stale meat in their food items.  Husi Food Co., Ltd., KFC and McDonald’s meat supplying company has evidently been repackaging ...
Jul 21, 2014
 
Protein FGF1, the Wonder Injection For Diabetics

Triggered by being overweight and sedentary lifestyle, the number of Type 2 diabetic patients has only gone up in the last few years. The lifestyle, much detrimental to the body’s metabolism, raises the blood sugar levels in the bloodstream beyond insulin’s control or resistant to it. As a great relief to excruciatingly painful p...
Jul 18, 2014
 
China Shines for Yum, While India Looks Grim

The second quarter of 2013 saw Yum’s restaurants across China wrapped in a miasma of avian flu, and a food-safety scare leading to an unfortunate loss of 20%. However, the dark cloud’s silver lining seems to be finally glowing with KFC outlets in China which have shown significant growth this year.  In fact, Yum recorde...
Jul 17, 2014
 
Apple Keeps Its Archenemy IBM Closer

The world knows, for as long as Steve Jobs lived and headed Apple Inc., he believed in focusing on the consumer to attain any kind true success. Tim Cook, his successor too believes in writing yet another great success. But, although these two great minds may think alike, the latter is surely taking a different path to reach the final destinati...
Jul 17, 2014
 
Samsung Suspends Business with Chinese Supplier Over Child Labor Accusations

Samsung Electronics Co Ltd has shelved business with a Chinese mobile phone supplier after it suspected the company of employing under-aged workers. This comes less than a week after a U.S. watchdog accused the supplier of engaging in child labor on finding at least five child workers employed without contracts. Dongguan Shinyang Electr...
Jul 14, 2014
 
Desmond Tutu supports assisted dying for terminally ill

Desmond Tutu stated that the quality of life experienced should be questioned. His writing in ‘The Observed’ displayed his opinions about the sanctity of life should be present but not at any cost. He also suggested that life prolonging of Mandela’s was an affront to his dignity. The comments made by Desmond Tutu follo...
Jul 14, 2014
 
Worlds First Temperature-Controlled Mini City to be Built in Dubai

Dubai is a land that lays claim to many superlative firsts in the world. It is home to the tallest building and boasts the largest fish tank. And now, the plan is to build the largest indoor theme park and mall on the lines of a mini city. Nothing extraordinary about that, you might say. Except that this ‘mini-city’ will be the firs...
Jul 14, 2014
 
Li & Fung spinning off the Brand and Licensing Business

Global Brands manages over three hundred fifty labels which include the Coach Inc. shoes and many licensed characters such as Spiderman and Angry Birds. This organization has started trading at HKD 2.09 and has unchanged so far. Li & Fung, a Hong Kong based company is spinning off the brand and licensing business to pay more attenti...
Jul 10, 2014
 
With Online Banking on the Rise, more Branches to Shut Shop in Britain

With internet and mobile banking gaining popularity, an increasing number of Britons are reducing trips to branches across the country. An accountancy firm stated that daily transactions worth nearly 1billion pounds are being made through digital banking and this has caused branch use to sharply decline. This means that banks are now shutting d...
Jul 10, 2014
 
China Looks to Accelerate its Insurance Industry

China is on a mission to stimulate entrepreneurship and innovation in its insurance sector. The country is looking to generate more income from its insurance sector, and will implement guidelines as a step towards the same. Economists in China are confident that with the insurance sector being developed faster, it will help in the optimization ...
Jul 10, 2014
 
Daily dose of Vitamin D could help Reduce Chances of Bowel Cancer

In a new research, scientists have found that individuals with higher levels of vitamin D in their blood are more likely to survive bowel cancer. Researchers from the Edinburgh University, United Kingdom, have revealed that the chances of surviving cases of bowel cancer are higher in patients with higher levels of vitamin D than the one...
Jul 10, 2014
 
Precious Metals Trading Expert Rejoins HeraeusInc

Heraeus Inc. declared that the industry expert Miguel Perez-Santalla has returned to the company as Sales & Marketing Manager.HeraeusInc. is a part of Precious Metals New York LLC metals and technology. This news was reported to ArtinJanian, Sr. VP of Finance and Operations of the company. Perez-Santallais a member of the Internatio...
Jul 10, 2014
 
Strong support for Louisiana from Oil and Gas Industry

The continuous growing expansion in the oil and gas industry has imparted a strong support to the Louisiana economy. Loren Scott, a LSU Economist proved in a study that Louisiana supported almost $74 billion in sales to local firms in 2011 and generated 287,000 jobs with $20.5 billion in household earnings. Several professionals...
Jul 10, 2014
 
Survey Finds Two in Five Households in the United States Only Have Cellphones

A survey conducted in the United States has revealed that a higher number of homes now have only cellphones, and no landlines. The survey showed that 41% homes are now without landlines, as of the second half of 2013. The survey was conducted by the Centers for Disease Control and Prevention, which published the findings in a report this week. ...
Jul 9, 2014
 
Massive CO2 Burp in the Pacific Ocean ended Last Ice Age?

A new research has revealed the chances of a massive burp of CO2 (carbon dioxide) in the North Pacific Ocean having effected in the end of the last ice age, some 17,000 years ago. The research was led by scientists in from the St. Andrews University, Scotland. The results from the study suggested that the changes in circulation in the N...
Jul 8, 2014
 
Cement Industry reported Gas Prices Rise to $8 per million BTUs

According to an official source from a cement company, the government has increased the gas prices for the cement factories. The gas prices have been increased to $8 per million British Thermal Units (BTUs) as compared to the previous figure $6. On the other hand, the fuel oil prices have increased from EGP 1,500 to EGP 2,250 per tonne.  ...
Jul 8, 2014
 
Medical Marijuana to be allowed in New York

Andrew Cuomo on Monday stated that he has signed a legislation which will make New York the twenty-third state to permit medical marijuana. However, calling his approach he said it forbids smoking of this drug and includes strict limits which are the smartest move any state has undertaken so far. Access to the medical marijuana drug wil...
Jul 8, 2014
 
Senior executive from Tag Heuer poached by Apple

As the launch of iWatch nears, Apple Inc. has poached another senior executive. The senior executive worked in the luxury watch brand Tag Heuer. This could help Apple in the launch of iWatch which is expected to be in autumn this year. The luxury goods group LVMH has Tag Heuer as a part of the group. A representative from this luxury gr...
Jul 7, 2014
 
Diabetes among Older Patients is Often Over-treated: Study

Diabetes patients are often treated with drugs such as metformin that mitigate the risk of hypoglycemia (low blood sugar). But this could be potentially costing these patients in the form of a dangerous side effect. However, older patients have a reduced ability to tolerate these medications, as they experience other chronic conditions with age...
Jul 7, 2014
 
Israel Airports Authority Accepts Safe Skies Luggage Locks

The security officers at the airport security can now conveniently open and relock the bags using Safe Skies Locks. In this manner, the travellers have a peace of mind and full agreement with the security rules of the airport.  Safe Skies, NY, the leader in the global market for travel lock technology, and also the best provider of...
Jul 7, 2014
 
General Motors June sales rise 9.1% in China

General Motors Co. (GM) witnessed a 9.1% rise in sales in China last month, aided by those of Buicks and Cadillacs. The sales jumped to 257,798 units in June, with deliveries gaining 10.5% in the first half.  General Motors has been competing with Volkswagen AG in the world’s largest automaker, hoping to take the lead among o...
Jul 7, 2014
 
Fourth Factory unit in the Pipeline for Peugeot-Dongfeng

Responding to increasing demands in the Chinese market, Europe’s second-largest carmaker PSA Peugeot Citroen (UG) is in talks of setting up another factory in the country together with local carmakers Dongfeng Motor Corp.( 489) making it the fourth vehicle plant in China. The unit, to be built in Chengdu of Sichuan province, will have the...
Jul 3, 2014
 
Sleeping Pattern can Affect the Switch from School to Office

A recent, small study performed in Japan indicates that recent college grads who are used to staying up late in the night and sleeping late can find switching from college pattern to a regular job schedule difficult. This pattern will make it difficult to function during the day. The lead author at Edogawa University in Nagareyama, Shoi...
Jul 3, 2014
 
Xiaomi Corp. Exceeds Total 2013 Sales in First Six Months of 2014 in China

Xiaomi Corp., the Chinese smartphone manufacturer, has said that its shipments have quadrupled in the first six months of 2014. With this, sales in the first half of 2014 have surpassed the total number of smartphones by Xiaomi sold in 2013. The smartphone maker that sells more smartphones than Apple Inc. in China, said that it shipped 26 milli...
Jul 3, 2014
 
Saudis petrochemicals industryon expansion

Saudi Petrochemicals industry has diversified its feedstock mix and expanding its products lot to involve more and more value intermediates, reported BMI.  BMI said this act is essential because as Saudi Arabia bans the imports of pricing structure and natural gas for domestic supplies it has also reduced the incentive slot to expl...
Jul 3, 2014
 
Latest medical devices minimize injuries at FIFA 2014

This year’s FIFA World Cup has witnessed new and advanced technology coming to the fore, the most popular being the goal-line technology. With special focus on the physical and mental conditions on the players, there has been an increase in the number of doctors and coaches as well as medical devices that have ensured minimum injury and i...
Jul 2, 2014
 
Cape Wind Obtained a Loan Guarantee to Build Offshore Wind Farm

A loan guarantee of USD 150 million was received by Cape Wind Associates from the U.S. Department of Energy. This loan is aimed to build the nation’s first (possibly) offshore wind farm, which will be located off the coast of Massachusetts. According to Peter Davidson who is the Director of the department’s loan program, Cap...
Jul 2, 2014
 
PacificCement Limiteds Branded Cement Project is a Great Success

A Fijian Holding Group company called Pacific Cement Limited also formerly known as Fiji Industries Limitedhas had its cement project labeled a success. For the past 12 years, Pacific Cement Limited has been designing and making cement for home brands, and customers select the brand.  Nonetheless, the company’soriginalbrand, ...
Jul 2, 2014
 
Chinese money rates climb to its three-month high

The central bank of China has restarted selling repurchase agreement in order to flow the funds from the financial system. This has led to setting a benchmark money-market rate to reach its highest level in the span of more than three months. The People’s Bank of China has sold USD 3.2 billion in a 28 day repos for a 4 percent, ac...
Jul 1, 2014
 
Chinese Govts Information Security Concerns Threatens Business of Foreign Tech Giants

The Chinese government’s concerns about information safety could have an adverse impact on software procurement from overseas vendors. Analysts say that this could likely dent the profitability of global majors such as Oracle, Adobe and Microsoft. Fears that the Chinese government could shun software have intensified after a report in the...
Jul 1, 2014
 
Strengthened Australian Dollar hit the manufacturing industry

As the Australian dollar strengthened and increased import competition and demand for locally-made products, the manufacturing industry is still struggling to its roots. The Australian Industry Group (Ai Group) said on Tuesday, that the Australian manufacturing has been facing a decline for consecutive eight months at a stretch.  ...
Jul 1, 2014
 
Brazils fight against dengue might soon be over

When Brazil was chosen to host the 2014 FIFA World Cup, it had more than infrastructure issues on its mind. The country - set to host to thousands of international visitors for a month - has always been dealing with the deadly dengue fever, recording more cases than any other country in the world. With nearly a million cases reported in a given...
Jul 1, 2014
 
OccidentalPetroleum (OXY) stands out in a strong industry

One of the most intriguing choices for investors in the stock market right now is the Occidental Petroleum Corporation (OXY, Analyst Report). The security in this U.S. oil space is witnessing solid earnings and is in good association from a Zack’s Industry Rank standpoint.  This point is extremely vital as often times the ind...
Jun 30, 2014
 
A new technique called supercooling to preserve organs discovered

US researchers are claiming that they have discovered a new technique which will allow them to preserve organs for many days before finally transplanting them. The technique is called ‘supercooling’. This technique collaborates chilling of the organs with pumping of nutrients and oxygen into the blood vessels of the organ. T...
Jun 30, 2014
 
Couple in the tyre firm retires and sets new era for industry

George Meakin and Billy Swinney a couple that have a well-established name and business named AlnwickTyresin the motor industry are celebrating their retirement phase as they wish their new owners all the success to carry out their business status henceforth. They have handed the keys over to the brothers George and Dave Meakin. The com...
Jun 27, 2014
 
Batteries from SunPower will provide power during night

The company SunPower Corporation (SPWR) is the second-largest solar manufacturer in U.S. It is now offering consumers in California with energy-storage systems that will help to power the house during the night. This electricity will be generated from the solar power during the day. Currently, the company is involved in testing systems ...
Jun 26, 2014
 
China to Allow Non- Carmakers to Manufacture Electric Vehicles?

China, a country battling with notorious level of air pollution, is considering a move that will allow companies that are not classified as car makers to manufacture electric vehicles. This recommendation, passed by the China Automotive Technology and Research Center, is still at the draft stage of the country’s automotive policy. As part...
Jun 26, 2014
 
Google Glass now available online in U.K.

Google recently launched their product ‘Google Glass’ in the United Kingdom, which made the country the second nation to receive the Android powered glasses after the US. The Google Glass kit is still a prototype. However, it costs around one thousand pounds and is targeted at developers, instead of customers who must be at ...
Jun 25, 2014
 
China FDA Issues Warning About Sale of Fake Cancer Drugs Online

The China Food and Drug Administration (CFDA) has issued a warning asking customers to refrain from purchasing illegally imported drugs for cancer cure. The agency said in a circular issued by it that most such drugs are fake, and could harm patients’ health. The CFDA found cancer drugs such as Iressa, that the sellers claimed to have imp...
Jun 25, 2014
 
Research is searching new and innovative ways to use silicon

Silicon is used for various purposes. It has been used for many decades to manufacture semiconductors. It is also used in manufacturing various other electronic gadgets. However, scientists are now coming up with more improved and innovative way to use silicon. An assistant professor, Dr. Michael A. Filler at the Georgia Tech’s Sc...
Jun 24, 2014
 
Indias Power Ministry Wants Solar Duties Reversed

The power ministry of India is lobbying to revoke a proposal that will see import duties being levied on solar equipment being imported from the U.S. and other Asian countries. Levying tariffs on these products would damage Indian Prime Minister Narendra Modi’s endeavors to give solar power a boost in the country. India’s...
Jun 24, 2014
 
A new health tracking wrist-band can assess health

Leaving the house for taking some lab tests could soon be thing of pasts, thanks to a new health-tracking band capable of providing at-home diagnosis of many health conditions.  This device can use a drop of nasal fluid, saliva or blood and provide simple diagnosis such as the testosterone levels, vitamin D levels, possibility of f...
Jun 24, 2014
 
Hartlepool nuclear power station offers study opportunities in the industry

A new study claimed that several youngsters feel negligent about studying subjects irrelevant to the nuclear industry.Hartlepool is leading the way in finding the nuclear workers for the coming years. However, Hartlepool is also making a way with an array of methods for teenagers to get involved.  The research indicates that around...
Jun 24, 2014
 
Azerbaijan-Russia business talks focuses on Agriculture, Industry

On the sidelines of the 5th Azerbaijan-Russia Interregional Forum in Gabala on June 23, Azerbaijani Economy and Industry Minister Shahin Mustafayev met the Russian Minister of Regional Development Igor Slyunyayev. According to Mustafayev, the Azerbaijan-Russia relations are successfully developing, reaching the level of strategic partne...
Jun 24, 2014
 
GE On Verge of Finalizing Alstom Offer worth USD 17 billion

General Electric Co. is inching closer to what could be its biggest acquisition to date, as it finalizes talks for a USD 17 billion deal with French company Alstom SA for its energy assets. The deal received a concrete boost after the managing board of Alstom approved the offer.  On Saturday, an agreement was announced by the compa...
Jun 23, 2014
 
The worlds most powerful supercomputer winner is China

Tianhe-2 tops the list of supercomputer chart in the world. This supercomputer is capable of managing around 33.86 petaflops. China boasts for the third time in a row about having the world’s most powerful supercomputer. The nation has one more time showed the its top presence in the global top 500. The supercomputer which gave Ch...
Jun 23, 2014
 
Environment in Focus

The research conducted in the dairy industry by the farmer levies will have a strong significance on environmentalfactors. The Dairy NZ has received a stronger backing for renewing the levies it collects from the industry for another six years.  Dairy NZ chief executive Tim Mackle said levy spending helps in pushing up profitabilit...
Jun 19, 2014
 
Chinas Pharma Glass Industry Needs to Consolidate for Higher Success

The Chinese pharmaceutical glass industry is characterized by low entry barriers. This has encouraged the influx of a number of small and medium players, leading to an overcapacity of low-end and medium-quality products. This has eventually caused the market to grow at a sluggish rate. The demand for high-quality, neutral and waterproof...
Jun 19, 2014
 
Indonesian palm reserves advanced to an eighth-month high

It is reported that the Indonesian palm reserves have climbed to its eight-month high in the month of May, while the shipments coming from the world’s largest producer ranked as second lowest since September in the year 2012. The stockpiles have expanded from 10 percent from the month of April and have now become 2.2 million metri...
Jun 18, 2014
 
Hexaware Presents iFraud Engine for insurance industry

Hexaware Technologies - an IT, BPO and consulting service provider worldwide has launched a detection system in the insurance industry. It is called as iFraudEngine for fraud detection. This system is highly effective as it enables early detection of fraud in the process of reducing the number of false claims payments to about 10 percen...
Jun 18, 2014
 
Farne rewarded Food Industry Oscar

Farne Salmon in Duns - a much famous joint for Scottish Borders based smoked salmon and fish businesscelebrates its scooping a trio of receiving a Gold and Silver Award in the Ready to Eat Fish category. It is scooping a trio of national product awards in the Grocer magazine’s Food and Drink Own Label Awards. Farne is known for it...
Jun 18, 2014
 
Stroke can be detected by microwave helmet

A prototype of microwave helmet has been developed by a team of scientists. This helmet can help spot if a person is going to have a stroke. When a person experiences a stroke, the health care practitioner has to work quickly to prevent any further brain damage. However, if it takes more than four hours to get to a hospital and start th...
Jun 17, 2014
 
UAE has its first batch of Nuclear Power Plant Trainees join them for Operational Concerns

A batch of 10 graduates has completed their specialized training programme in UAE, and will now join the Emirates Nuclear Energy Corporation (ENEC) to work full time as part of a team in the commercial operations in 2017.  This is the first group of graduates that have completed their training to oversee safety operations in UAE. ...
Jun 17, 2014
 
SanDisk to Pay USD 1.1 Billion to Buy Fusion-io

SanDisk Corp. has announced that it will purchase Fusion-io Inc. in a USD 1.1 billion deal. This will make SanDisk the owner of the company that provides flas memory to tech giants such as Apple Inc. and Facebook Inc. The deal is being executed via an all-cash offer, with the price per share being USD 11.25. This is 21% higher than the ...
Jun 17, 2014
 
Starbucks to offer tuition aid to its US employees

A job at Starbucks (at the US) can waive-off your college fees by more than USD 5000, according to the announcement of a new plan by Starbucks in collaboration with The Arizona State University.  The plan has been announced by Starbucks officials to help some of their staff afford their college fees. Arizona State University will h...
Jun 17, 2014
 
New Commercial Funds to be used for Property Expansion in China

The biggest bank in Switzerland UBS AG (UBSN) will be expanding its China’s property investment business by moving into commercial real estate. In the month of May, China’s home sales declined by 11 percent from the previous year. According to the National Statistics Bureau data, the value of real estate has declined to USD ...
Jun 16, 2014
 
Camesa - New Cable Product Intends To Clean-Up, Speed-Up Wireline Industry

Camesa - a WireCo WorldGroup brand has announced its new product called EcoSeal which happens to be the new environment-friendly wireline for the oil & gas industry. This product is showcased at the 2014 Global Petroleum Show in Canada.  This new cable rejects the need for grease injection systems and fastens up the rig-up time...
Jun 16, 2014
 
Changes to safety checks in Slaughterhouses could leave diseased meat undetected

A measure being inducted for avoiding risk of spread of harmful bacteria through human touch in meat could prove harmful in another way, cite hygiene inspectors.  Earlier, hygiene inspectors were allowed to cut open pig carcasses to closely examine it for any sign of disease. But now, new European regulations, supported by the Food...
Jun 16, 2014
 
Inflation in China hits its four-month high

Official data shows that China’s annual inflation has rose sharply in the month of May. It is the highest data recorded in four months. China’s is the world second-biggest economy and rising inflation in the country has become a cause of concern not only for China, but also for the world. The Consumer Price Index ...
Jun 12, 2014
 
Red meat increases risk of breast cancer says a U.S. study

Studies earlier have proved that eating red meat in large quantities increases the risk of bowel cancer, however, a new U.S. study states that eating red meat is linked to breast cancer. Researchers are advising women to replace red meat with vegetables, poultry, fish, and nuts to reduce risk of breast cancer. But, U.K. health experts u...
Jun 12, 2014
 
1 out of 4 Americans diabetics dont know they have the condition

In U.S. the number of people affected with diabetes is rising continuously and now there are more than 29 million adults who are living with this condition. However, out of 4 people affected with diabetics only 1 is aware of his/her condition. Diabetes is a serious chronic medical condition which can be managed through lifestyle changes...
Jun 12, 2014
 
Huge solar flares observed by NASA

Cameras from NASA have captured pictures of two significant solar flares. Solar flares are bursts of powerful radiation which release plasma, gases, and other matter into the solar system. According to NASA, destructive radiation coming from a flare cannot pass through the atmosphere of the Earth and since cannot harm humans. However, i...
Jun 12, 2014
 
Watercress could be the king of superfoods

According to a recent report watercress could be the best healthy food available to us. Currently, the awareness for ‘healthy eating’ is growing. Consumers are focusing on organic and healthy foods. There are many superfoods available in the market. Some of these superfoods include blueberries, acai berries, yogurt, kiwis, n...
Jun 11, 2014
 
NZ Dairy Giant Fonterra Launches Dairy Hub in China

Over the past few months, thousands of dairy cows from Australia and New Zealand continue to be shipped into China. These bovines will form a part of a mega network of dairy farms being set up with the aim of producing a whopping one billion liters of fresh milk annually by 2020. According to reports in the local media, Fonterra has launched a ...
Jun 11, 2014
 
Bitcoins Mined Using US National Agency illegally

A researcher working for the U.S. national agency has been found using supercomputers to extract bitcoins at two universities. Bitcoin is a digital currency which is used to perform transactions without having to use a central bank. Bitcoin was created in 2009 by an unknown person using the alias of Satoshi Nakamoto. The growing popular...
Jun 10, 2014
 
HP Introduces a new Cooling Technology: Water

Hewlett-Packard Co. has announced a new cool technology called ‘water’ that they will be introducing. This technology will be used for its powerful computing machines which run financial models and are used to create complex designs.  The innovation of water is nothing like technology which is available on the market wa...
Jun 10, 2014
 
Old Computers are Valuable in Christianburg, as they have Gold inside

A property owner in the Carroll County repaid the federal government an amount worth $150,000 as a part of the hazardous waste cleanup that involved old computers and nitric acid.  The government in turn commented that it was a former tenant that caused the problem; however, it was the gold in the computers that caught WDBJ7 New Ri...
Jun 10, 2014
 
Auto Sector to witness TPO growth

According to the statistics, the global market for the thermoplastic polyolefins could reach $3.43 billion by 2020, said a research firm. Growth in the automotive and construction sectors in emerging markets in Asia, particularly China and India are expected to boost the TPO surge, said San Francisco-based Grand View Research Inc. Accor...
Jun 10, 2014
 
U.S. Government decides to use Samsung Smartphones, tablets: says, Market Reports

Over the past years, there have been leaping advancements made in the field of technology and mobile phones. While many reports have been hinting at the growing tension and popularity between the U.S. and China, the U.S. government agencies have undertaken huge steps in the field of mobile phones. These agencies have approved five Samsung Smart...
Jun 9, 2014
 
A Study on Advanced Gastric Cancer Cure by Medical Oncologists in China Wins American Award

Chinese doctors who won for their new study on the treatment of advanced gastric cancer presented a program based on the same at the American Society of Clinical Oncology (ASCO) in Illinois.  The American Society of Clinical Oncology decided to have the study as this year’s best recipient of the Excellent Paper award, as well...
Jun 9, 2014
 
Penang sees fewer jobs for construction, renovation industry

The construction and renovation jobs in George Town, Penang are fewer for the current year. As compared with 2013, the jobs upheld in 2014 are very little. Last year, around 412 projects were valued at RM8.9bil, comprising 358 private sector projects and 54 government projects in Penang.   According to the Penang Master Builders an...
Jun 9, 2014
 
McDonalds Slump in the U.S. Offset by Buoyant Asia Figures

The world’s largest fast food seller McDonald’s Corp has reported a 0.9% increase in sales in May from stores that were open for at least 13 months. This growth is being attributed to higher sales in Asia, despite the slump in the U.S. market continuing. Analysts had estimated an increase of about 0.8% based on an average of 15 esti...
Jun 9, 2014
 
Alibaba invests in Chinas top soccer team

Alibaba Group Holding Limited has agreed to buy 50 percent stake in China’s Football Club (Guangzhou Evergrande). This football club is one of the most popular one in China and won the Asia championship last year. This deal was announced after Alibaba recently declared their deals in sectors such as entertainment, finance,...
Jun 6, 2014
 
Chinas Mountain-Leveling Project Poses Risks

To accommodate the growing economy of China, many mountains are being flattened for land to build on. China is the world’s most populated country and the fastest-growing major economy. As China’s cities expand at a rapid pace, projects which involve flattening of mountains to create livable space for people are in progress. ...
Jun 6, 2014
 
India Likely to Remove Restrictions for Global Investors in Retail

Starting July 2014, global online retailers could be allowed to sell their own products in India. The country is said to be on the verge of a decision to remove restrictions that have hitherto inhibited competition in its massive price-sensitive retail sector. According those close to the discussions, the decision could be announced in the fort...
Jun 5, 2014
 
As Brazil-China Ties Strengthen, Banco do Brasil Launches First Branch in Shanghai

Ties between China and Brazil are strengthening, and this reflects in the number of business deals being signed by both countries. The latest on this front is financial sector major Banco do Brasil making its debut in the world’s second largest economy. The financial institution, which is the largest in Latin America and Brazil, launched ...
Jun 5, 2014
 
A Popular Diabetes Drug Found to Have Anti-Ageing Properties, Says a New Study

In a research conducted on tiny roundworms of the Caenorhabditis elegans species by a group of doctoral researchers from Belgium, evidences were found suggesting that a diabetic medicine, metformin, could help in slowing down the process of ageing.   The extremely short lifespan of Caenorhabditis elegans of only three weeks makes t...
Jun 5, 2014
 
Japans Dai-ichi to Acquire American Peer Protective Life in USD 5.7 billion deal

Japan-based Dai-ichi Life Insurance Co. announced this week that its talks for the purchase of American peer Protective Life have reached a consensus. Dai-ichi will buy the latter in a USD 5.7 billion deal. This marks the largest ever acquisition by a Japanese insurer. Dai-ichi has been aggressively working on strategies to mitigate the impact ...
Jun 4, 2014
 
Scientists Successfully Use Lasers to Form and Erase Memories

Selectively erasing or implanting memory from the human brain might sound like an idea straight out of a sci-fi film such as ‘Total Recall’. But this reel idea is not longer just that. Scientists have reported success in memory manipulation with the use of laser beams. This allows them to not just selectively implant or restore m...
Jun 4, 2014
 
China to Allow Participation from Private Enterprises in its Military Equipment Sector

The defense sector is among the most critical for any country, and in the case of the world’s second largest economy China, this sector enjoys singular importance. China now plans to open up its defense sector to private players to attract more investment and technology exchange. The country will begin this process by relaxing the many ac...
Jun 4, 2014
 
Chinas Quality Watchdog Orders Recall of Nikon Cameras with Defective Batteries

Owners of Nikon cameras in the Chinese mainland might want to read this news report. Nikon Imaging (China) Sales Co Ltd on Tuesday issued a statement recalling four of its camera models that were sold in mainland China. However, this recall only applies to those camera models that were sold between June and October 2005. These camera models had...
Jun 4, 2014
 
China Hongqiao to buy African bauxite deposits for USD 120 million

According to aastocks.com, China’s largest, non-state aluminum producer China Hongqiao Group Limited (1378) has agreed on buying a company in Africa for USD 120 million that produces bauxite deposits. Indonesia is the largest economy in Southeast Asia. In January, it banned exports of any unprocessed ore. This led companies such a...
Jun 4, 2014
 
Apple to soon introduce virtual currency in app store

Apple will soon start accepting virtual currencies like Bitcoin in its App Store. Earlier, many apps that used virtual cash were available in Apple's app store. However, in late 2013 and early 2014 Apple removed many such apps. On the contrary, Google has followed a more open policy and has allowed many Android apps which support virtua...
Jun 4, 2014
 
Opioid and Heroin drug industry targets high-school kids, drug expert says

Misuse and abuse of certain types of drugs often starts in adolescence, says SUNY Upstate Medical Center addiction specialist and expert Dr. Brian Johnson.The abuse of heroin and opioids is amongst the most commonly addictive drugs consumed by youth and adults. The illegal drug industries begin targeting the middle school going kids, so that b...
May 20, 2014
 
Indian Consumers Increasingly Moving from Traditional Sweets to Chocolate

Consumers in India are showing an increasing inclination towards chocolate as opposed to traditional Indian confectionery that’s high in calories. There are several reasons for this – the most prominent being increasing urbanization and a higher disposable income. Moreover, many traditional confectioneries are regarded as being high...
May 15, 2014
 
Construction of Beijings Second International Airport to Complete by 2018

Beijing is all set to welcome its new airport sometime near the end of 2018 in the outskirts of the city to manage the ever-increasing congestion on its air travel route, currently noted to be the second busiest air-routes throughout the world.  The new airport, planned to open till end of 2018, is to have four runways in the first...
May 14, 2014
 
Delphi Corp has Eyes Set on Fourfold Business Growth in China

Delphi Corp has its sight set on aggressive growth figures in China, and plans to increase its business fourfold in the world’s second-biggest economy by the 2020 from its revenue figures of USD 2.28 billion in 2012. The American automotive parts manufacturer is confident about its business prospects in China, it announced during an event...
May 12, 2014
 
ASA Says It Could Build Greenhouses on Martian Surface by 2021

A greenhouse on the Martian surface will no longer be the stuff fiction is made of. The National Aeronautics and Space Administration (NASA) announced recently that has plans of setting up a greenhouse on the planet by 2021. NASA predicts that in the coming years, as humans begin to colonize Mars and the moon, there will be a need ...
May 8, 2014
 
India a Top Priority for the Chinese Textile Machinery Industry

India is a top priority for Chinese manufacturers of textile machinery. According to an official from the China Textile Machinery Association (CTMA), India remains a priority market owing to its burgeoning textile sector. The official, interacting with media on the sidelines of a road show that was conducted to promote an industry convention IT...
May 5, 2014
 
Saudi Arabia Oilfield Chemicals Market Has The Highest Share In Drilling Fluid Chemicals

Due to high drilling activities or rig counts seen across the grand Kingdom of Saudi Arabia, the drilling fluid chemicals accounts for the highest share in the country. This is seen according to a new study titled as ‘Saudi Arabia Oilfield Chemicals Market Forecast and Opportunities, 2019”  Today, Saudi Arabia has the h...
Apr 29, 2014
 
China Amends its Environmental Protection Act after 25 years

On this Thursday, April 24, China brought the first amendment to its environment protection law, first time after nearly 25 years. The new improvements in the law seek to toughen the lawful penalties on polluters in the country – an act that is called by the Chinese government as its “war” against pollution.  The ...
Apr 25, 2014
 
Yum! Brands Inc., Reports Higher China Profits Amid Revival in Chinese Consumer Buying

If the revived profit margins of Yum! Brands Inc. in China are any indication it seems that consumers in China are showing an interest in KFC fried chicken again. The brand also runs the Taco Bell chain of restaurants in the country. According to the company, its first-quarter profits in China saw an 18% rebound. Stores that have been operation...
Apr 23, 2014
 
A third of van fleets pay more for tyres

According to ATS Euromaster, the LCV tyres are not supposed to be considered a low cost option because the operational tyre costs of a modern van fleet are no longer far-flung as compared to that of a fleet of trucks. It has been observed that a third of van fleet operators do not have an official formal tyre policy in the market and th...
Apr 22, 2014
 
Novartis to Buy Cancer-drug Business from GSK and Sell Animal-Healthcare Division to Eli Lilly and Co.

Global pharmaceutical company Novartis has decided to buy GlaxoSmithKline’s cancer-drug business for as much as $16 billion and trade its vaccine business, excluding the flu operations, in return for $7.1 billion. The deal also includes royalties worth as much as $1.8 billion on reaching certain business goals.  Novartis will...
Apr 22, 2014
 
Device Based On Resonant Magnetic Coupling Transfers Power at 5-Meter Distance

Researchers have developed a wireless charging device that can simultaneously charge as many as 40 phones even when the device is 5 meters away.  This impressive device is all thanks to professor Chun T. Rim of the Nuclear and Quantum Engineering and his team at KAIST, Daejeon, Korea, who demonstrated through this study a vital imp...
Apr 19, 2014
 
Mysterious Ahead-of-Time Bloom in Cherry Trees from Space Stun All

Some mysterious cherry trees have blossomed years ahead of their estimated scheduled time of blossom in Japan.  The phenomenon is noteworthy not only for botanists but also for space researchers – the seeds from which these trees have grown have had their share of lifetime in space.  In the year 2008, Japanese sc...
Apr 15, 2014
 
Check Your Babys Genetic Make-Up Even before its Conceived

Parents can now get to see a glimpse of their baby’s physical characteristics and health even before it is conceived – all thanks to a new technology that can produce digital images of embryos by virtually mixing the DNA’s of two people.  This new technology, called Matchright, can help people in screening out spe...
Apr 14, 2014
 
Easter Trends for 2014 Released by the National Confectioners Association

With Easter just around the corner, get set to indulge your sweet tooth to the maximum. The Easter bunny brings with him a whole load of goodies and this also translates into a high-sales period for confectioners all across the world.  In view of this, the National Confectioner’s Association has released a report that offers ...
Apr 10, 2014
 
Study Establishes Green Tea Boosts Cognitive Function

Researchers have found evidence through a new study that drinking green tea boosts cognitive functions among humans in general, and working memory in general. In the new study, researchers working with Professor Christoph Beglinger at the University Hospital of Basel and with Professor Stefan Borgwardt at the Psychiatric University Clin...
Apr 7, 2014
 
Exxon Says Climate Change Risk will Pose no Significant Risk to its Assets

Exxon Mobil Corp., the largest oil company to be publically traded stated on Monday that it expected climate change risks to have a minimum impact on its reserves of oil and gas. This was because these resources would be required to meet the demand for energy; a demand that is only expected to grow in the years to come.  The company was...
Apr 2, 2014
 
Heidi Heitkamps Bill on Clean Coal Received Mixed Reactions From the Industry Representatives

The U.S. Sen. Heidi Heitkamp’s bill in clean coal technology fails to get the support of a key industry trade group. However, she managed to get only tepid support from the group which she used as a back drop to announce it in public.  According to a white paper regarding the legislation posted on the North Dakota Democrat&rs...
Apr 2, 2014
 
West Michigan Students Compete in a Manufacturing Activity Involving Video Challenging

West Michigan students are all set to compete in a video challenge that highlights the potential of manufacturing industry. These are the high school students from Forest Hills, Rockford, Careerline Tech and Kenowa Hills that are receiving their first-hand look inside the happenings of manufacturing industry. This is apparently taking place thr...
Mar 28, 2014
 
Opportunities for Machine Manufacturers Abound in Chinas Booming Natural Gas Industry

The burgeoning natural gas industry in China, coupled with tightening regulations for environment protection have collectively created a number of opportunities for global manufacturers of machinery. Many of these players in the machinery manufacturing sector are looking for new avenues to mitigate the damages caused by an economic slowdown ...
Mar 27, 2014
 
Indian Market for Baby Products Set to Witness Boom

India’s baby products market has been witnessing a compounded annual growth rate of 17% since 2010. Now, this figure is expected to scale higher with market analysts expecting the baby products market in India to grow at a higher CAGR in the years to come. Much of this growth will likely come from the entry of foreign brands that are set ...
Mar 24, 2014
 
Rate in Recall of Medical Devices Increased Sharply in a Decade

A recent study has shown that the rate of recall of medical devices, things that are expected to have zero errors for obvious reasons, have increased to almost double of their rate of recall in the decade from 2003 to 2012. The report was published by the Food and Drug Administration bureau of the U.S.  Recall of a product refers t...
Mar 21, 2014
 
Chicago has its own Space for Clean Technology Company Collaboration Opened by Coalition and Energy Foundry

According to the Vice President of Energy Foundry,Jeremy Adelmen, “Clean tech” company is one that utilizes technology in order to achieve lower environmental impact and higher energy efficiency. Today, there are about 15 co-working companies based in Chicago and across from Chicago’s Millennium Park the new co-working...
Mar 19, 2014
 
Oil Deals Surging Again with Multimillion Dollar Deals

Merger and acquisition activity in the oil segment seems to have picked up again after a recent lull. Among the most notable financings and acquisitions is the announcement by Whitecap Resources Inc to buy Imperial Oil Ltd’s gas properties and Western Canadian oil. The former is spending as much as USD 855 million to see these deals throu...
Mar 18, 2014
 
World Bank Officials Discuss Educational Sector Challenges in Arab States

Officials from the World Bank recently held a roundtable discussion to dwell on the challenges that face the education sector in Arab countries, and to find ways to bring about an education reform here. The media roundtable also shared a governance report that focused on ways to deliver social services. The regional research by the World Bank w...
Mar 13, 2014
 
FDA Allows Marketing of a First-of-its Kind Device To Stop Migraines

The Food and Drug Administration of America has today allowed marketing of the first medical device that can act as a preventive measure against migraine headaches.  Cefaly, as it is named, is a plastic headband like device that can be directly worn right on the centre of forehead with its self adhesive electrode. After connecting ...
Mar 12, 2014
 
U.S.-Based Chemical Co. FMC Corp to Split Business into Two Companies

FMC Corp, the American chemical manufacturing company has said that it plans to split its business into two separate companies. While one company would comprise its minerals business, the other would focus on its health, agriculture, and nutrition businesses.  This caused an 8% spike in the shares of FMC, taking them to a value of ...
Mar 11, 2014
 
Office Supplies Giant Staples to Shutter 225 Stores

Staples, a global leader in office supplies has recorded a higher volume of sales through its online stores. In view of these changing dynamics, the company plans to shut as many as 225 stores by the end of 2015 in North America. With this, the company projects that it will be able to cut costs to the tune of USD 500 million annually.  ...
Mar 10, 2014
 
A Bockfest to Showcase 12 traditional Varieties of Bock in Downtown, Madison

For lager and bock fans, there’s a new reason to rejoice this winter. The Great Dane Pub & Brewing Co, a Madison-based brewing company is all set to tap 12 different varieties of bock, along with two other German beers, in a Bockfest at its Downtown outlet this Saturday.  The Bockfest will be a ticketed, unlimited samplin...
Mar 5, 2014
 
Apple-run cars - New Launch in Mobile Devices

Technology giants brace up to launch in-car operating system with Mercedes-Benz, Ferrari, and Volvo. Earlier, only mobile phones had revolutionized and personalized communication equipment, however now even cars do. Apple in that context wants to change the way we drive the entire industry of communications.  The technology giant i...
Mar 4, 2014
 
MIT Researchers Discover Sapwood can Filter 99% E.coli from Water

A team of mechanical engineers from the Massachusetts Institute of Technology (MIT) have found a novel way to filter drinking water using sapwood taken from a tree branch. The study found that it was possible to filter up to 99% of E.coli from water that can be used for drinking. If developed and implemented practically, this method could prove...
Feb 28, 2014
 
Global Firms Looking to Enter Chinas Electric Cars Market

      Chinese companies and other global players are showing an increasing interest in fulfilling China’s electric vehicle ambitions. China has not been too successful thus far in promoting electric cars to the fullest and realizing the full potential of this market.  But this could soon change with two Chi...
Feb 27, 2014
 
Mark Zuckerberg, founder of Facebook plans to 'connect the world'

Mark Zuckerberg, the founder of the social networking giant – Facebook set his mission to connect the world together. He spoke at the ongoing Mobile World Congress (MWC) in Barcelona, Spain where he told the entire world his plans to bring Internet access and company’s social network together on a single platform.  Face...
Feb 25, 2014
 
China to Renew Assistance for Small Cultural Businesses

China’s minister of culture Cai Wu has said that the country stands committed to investing in and encouraging the growth of smaller companies that operate within China’s cultural sector. As part of these encouraging initiatives, the ministry would draft policies that are especially aimed at creating a favorable business pla...
Feb 25, 2014
 
Honda Cars India Launches its second Production Facility in Rajasthan's Alwar District

In a bid to stay on track to achieving its target of selling at least 3 lakh cars in the Indian market by the year 2016-17, Honda cars announced the inauguration of its second manufacturing unit in the Alwar district of Rajasthan. The setting up of this new manufacturing facility will help Honda double its production capacity and bring down the...
Feb 24, 2014
 
Microsoft Considers Cheaper Mobile Phones to Achieve Global Internet Growth

As the new CEO of Microsoft Corp Satya Nadella takes charge of the reins, he is accelerating the company’s push into the mobile software arena. To achieve this, the company is forging a partnership with various hardware and software manufacturers as well as Qualcomm in a bid to develop phones with a lighter price tag targeted especially a...
Feb 24, 2014
 
Marks & Spencer Targets Online Growth via Its Food Stores

Marks and Spencer, the largest clothing retailer in Britain is positive about the role that its growing food store network will play in boosting online sales of its home wares and apparel. The retailer, headquartered in London, has observed that delivery to those stores where customers order online and pick up those items the following day has ...
Feb 20, 2014
 
Company Behind Candy Crush Seeks IPO to Cash In on Popularity

Candy Crush is the most popular mobile game in recent public memory, and it has captivated the attention of millions of players worldwide. The company launched the puzzled game in April 2012, and since then it has witnessed users playing the game and striving to achieve best scores and comparing them on online media from people the world over. ...
Feb 19, 2014
 
Coca-Cola Registers 8.5% Decline in Profits, Attributes it to Weak Overseas Sales

Obesity is taking its toll, and consumers are making a notable change in the beverages they consume. These changes are reflecting on the sales of cola giant Coca-Cola, with the company recording an 8% slide in its fourth quarter profits. Analysts said that these lower figures could be a result of consumers being wary of consuming soda. ...
Feb 19, 2014
 
U.S. FDA to Conduct Quality Awareness Workshops for Indian Pharma Companies

In the wake of the recent discussions pertaining to the Toansa unit of Ranbaxy, the U.S. Food and Drug Administration has been prompted to conduct awareness workshops across various locations in India. These workshops are being conducted with the aim of spreading awareness pertaining to the quality benchmarks required in the U.S. market, among ...
Feb 17, 2014
 
Wellington Airport Proposed up in the Northern Hills

According to Greater Wellington Regional Council chairwoman Fran Wilde, a proposal has been undertaken to relocate the Wellington Airport to the hills of the North of Newlands. Even Richard Burrell, the property investor of Wellington airport believes that the site/farmlands of North of Newlands make a better site for Wellington Airport.  ...
Feb 10, 2014
 
Darpa Studying Brain Implants to Reverse Combat Memory Loss

The American defense sector is currently studying the development of probes that can be implanted with a view to reversing memory loss resulting from brain injury. The project that is still in its early stages has been initiated with the goal of treating over 280,000 troops that have been afflicted by brain injuries since the year 2000....
Feb 7, 2014
 
Great Barrier Reef Is At A Major Risk From Its Coal Development Plan

Many environmentalists in Australia angrily reacted to the decision of the dredged sediments dumped near the Great Barrier Reef. Conservationists stressed on the fact that the dumping activities could damage the overall site’s fragile ecosystem, risking and poisoning all the marine and coral life in danger. This project i...
Feb 3, 2014
 
Foreign Investment in India Since 2000 is USD 307 Billion

According to the Indian Commerce and Industry Ministry, the country has received foreign investments to the tune of USD 306.88 billion. These investments have been a result of liberalization measures that were implemented to open up the Indian economy over two decades ago. Investments have been seen in various sectors including but not limited ...
Jan 31, 2014
 
Agusta Westland Bags Two Contracts Worth USD 1.24 Billion from Britain's Ministry of Defense

Finmeccanica’s helicopter unit AgustaWestland has announced that it has bagged two prestigious contracts from the Ministry of Defense in Britain. The Italian defense company said that the contracts, together, are estimated to be around USD1.24 billion.    Among these, one contract pertains to converting for maritime ...
Jan 29, 2014
 
China Eastern Airlines Signs MoU with Disney Destinations International

  A memorandum of understanding between Disney Destinations International and China Eastern Airlines Corp Ltd was signed on Friday to promote the business of these entities in China's burgeoning tourism market.   As part of this newly signed memorandum of understanding, the focus will remain on three key areas. These include:...
Jan 28, 2014
 
No New Business in Store for Semiconductor Industry: Says Panasonic

Responding to the media reports, the massive Japanese consumer electronics corporation Panasonic Corp. announced that it has not decided or planned anything new for the semiconductor business even though it has a few of its plans lying in the pipeline, and even though it has been studying various plans for the strategy of its future business.&n...
Jan 27, 2014
 
FICCI Recommends Textile Industry Boost

FICCI has requested certain textile industry and labor reforms to stay under the lowest slab of the GST in the quest to boost the country’s clothing and textile industry. This way, India’s share will rise amongst the world exports.  All these recommendations have been proposed to the National Manufacturing Competitivene...
Jan 16, 2014
 
Semiconductor Industry witnesses Shift in Capacity Equipment and Spending Trends, Says SEMI

According to SEMI, the trend in spending more money to upgrade the already existing facilities and electronic equipment is higher than the trend of investing in new additions. The new additions occur at a slower pace.  Today, spending trends in the semiconductor industry has changed. Earlier, in 2009, the capacity of expansion corr...
Jan 15, 2014
 
Pioneers renewal of contract with Ecopetrol - Colombias largest oil company

  The San Antonio-based Pioneer Energy Services has renewed its contract with the Columbian oil company called Ecopetrol for its drilling activities. The renewal of the contract is for all the eight of the drilling rigs in South America.     According to the drilling-services company, Pioneer was previously in charge of ...
Jan 14, 2014
 
Seagram Coolers and Ciders Signs Sponsorship Agreement With the Tiger-Cats

The Brick Brewing Co. Limited globally announced about their exciting new sponsorship bond between their brand Seagram and the Hamilton Tiger-Cats Football Club. This sponsorship has allowed the Seagram to take rights in the spirit-based cider and cooler category for the next three years. It would be mostly available at the private boxes, conce...
Jan 13, 2014
 
Housewares Event claims sold-out status

The owner and operator of the International Housewares Association reported that the 2014 International Home + Housewares Show was completely sold out in less than 10 weeks before the actual opening day of the show. The show is expected to begin on March 15 at 10 a.m. on Saturday, and close on March 18 at 3 p.m. on Tuesday.  Howeve...
Jan 9, 2014
 
CAG Convinces HC to Audit Accounts of Private Telecom Companies

The Delhi High Court has given an official permission to the comptroller and auditor general (CAG) to audit the accounts of all private telecom companies.  CAG takes pride in receiving this nod from the HC as its most crucial assignment to audit power distribution companies from the famous Arvind Kejriwal led Delhi government. &nbs...
Jan 7, 2014
 
UCLA Researchers Demonstrate Light-Emitting Polymers that stretch out like Rubber

Today, stretchable electronic is an upcoming and the most emerging course of modern electronic materials. As its name suggests, stretchable electronics can bend and stretch in any form, and can be used in a wide range of electronic applications such as smart skins, wearable electronics, and biomedical devices that function with the movement of ...
Jan 3, 2014
 
Perth-Based Aurora Plans 47% Production Lift in US Shale

In an effort to realize a 47% spike in the output from its US shale assets, Aurora Oil and Gas has announced a commitment of up to USD 495 million in 2014. The company that features on Australia’s list of top 100 is looking to aggressively draw better production from its American assets.  Aurora Oil and Gas has forecast t...
Jan 3, 2014
 
Spanish Textile Industry Price Rises 0.8% in November 13

November 2013, recorded a 0.8 percent rise in the Industrial Price Index (IPRI) for the Spanish textiles. This was recorded according to the data released by the National Statistics Institute (INE). The IRPI that was registered in the month of November is little higher than the IPRI recorded in October, 2013.   According to the dat...
Jan 2, 2014
 
Indian Airports Take on Solar Energy Plants

India has announced that airports in the country will be increasingly looking to solar power. The Delhi International Airport Ltd (DIAL) last week announced about its set up of the 2.14 MW solar power plant in the country. Similarly, the Cochin International Airport Ltd (CIAL) also talked about its 1 MW plant in the south.  Nonethe...
Dec 28, 2013
 
Stem Cell Therapy Could Help Repair Dead Heart Muscle and Reverse Damage

The medical fraternity has thus far considered the regeneration of dead heart muscle an impossible feat. However, this view could soon change with a new breakthrough in stem cell therapy that holds the potential to regenerate dead muscles of the heart. This therapy from Los Angeles-based biotech company Capricor is currently being tested at Scr...
Dec 27, 2013
 
Age Reversal Chemical Developed by Team of American & Australian Scientists

A team of scientists that had been conducting animal trials of a new age-reversing chemical compound has had a breakthrough with positive results emerging from the tests. The scientists-from Australia and America-are positive about the potency of this drug, and are now preparing for human trials of the chemical compound.  The drug ...
Dec 26, 2013
 
Coty Inc Signs JV with Two UAE-Based Companies to Expand Footprint in the Region

Coty Inc., a U.S.-based cosmetics and personal care brand has decided to expand its foot print in the Middle East. Toward this end, the company has formed a joint venture called Coty Distribution Emirates in partnership with two UAE-based distributors of luxury goods. The partnership will see Coty forming a strategic alliance with Chalhoub Grou...
Dec 24, 2013
 
Consideration Towards a Water-based Chemicals Industry

The human activity makes a huge impact on the environment. The chemicals industry in particular is singled out for being associated with generation of large quantities of toxic waste products and high energy consumption.    Therefore, as the chemical production continues to grow in the industry, both the economic and environmental ...
Dec 23, 2013
 
Indians prefer holidaying abroad in the season of Christmas: IBM Study

According to the analysis by IT major IBM, Indian consumers keenly prefer to spend their leisure holidays abroad this Christmas season. The analysis was majorly conducted on to consumer interests and enthusiasts for spending their pleasure holidays abroad.  According to the IBM analysis report, the travel and hospitality sectors were tr...
Dec 20, 2013
 
LightPath Technologies Inc. announced its second high volume manufacturing facility in China.

LightPath Technologies Inc., - a global manufacturer, integrator, and distributor of proprietary optical components announced LightPath Optical Instrumentation (Zhenjiang) Co. Ltd., (LOIZ) its second operating entity in China.  LOIZ is a newly-owned and formed subsidiary situated in Zhenjiang, found in the Jiangsu province of China.&nbs...
Dec 19, 2013
 
Cocoa Prices Could Skyrocket in 2014 on Supply Deficit

The demand for confectionaries and cocoa products might be witnessing a surge in view of the festive season; but the good tidings might just end with the festivities. Rabobank, a Dutch financial services and analytics firm has forecast that 2014 will see the third consecutive deficit in cocoa production causing prices to spike. The analysis ...
Dec 17, 2013
 
China Imposes Biggest Ever Ban on Shellfish from the U.S. West Coast

In a move that will prove to be a major blow to the United States’ Northwest industry, China has put a stop to the import of shellfish from the west coast. This unprecedented decision will heavily affect the $ 270 million industry in the Northwest. China said that its government inspectors detected higher than acceptable levels of arse...
Dec 17, 2013
 
Anti-riot, Cyber, Special Forces emerging as niche fields in the markets of Turkey

Turkey’s local defense companies are on the brink of witnessing a near-boom in peculiar and specialized industries in the near-future. Hurriyetdailynews reported that Turkey and its foreign partners may expand in cyber technologies, anti-riot equipment, and a variety of defense gears and mechanisms for the country’s industrial force...
Dec 16, 2013
 
U.N. Study Estimates that we Dumped 53.9 Million Tons of E-Waste Last Year

Electrical and electronic waste (e-waste) is creating one of the biggest pollution hazards globally. These fears reflect in a study carried out by the United Nations (UN) where it states that approximately 53.9 million tons of e-waste was generated worldwide last year. This mass dumping of e-waste is likely to have grave implications on the env...
Dec 16, 2013
 
The Boom in Energy Industry

Fortunately, a cool temperament was maintained within the Congress of Nevada that helped the working families to save and come to a sane understanding in terms of utility bills. Otherwise, today, the families would have been levied with excessive payments and much higher prices at the pump and on their house utility bills.  It is due to...
Dec 12, 2013
 
Accelrys Acquisition on Qumas - a US$50m Firm of Compliance and Quality Management

The famous and leading cork cloud-based quality management software firm Qumas has been taken over by Accelrys Inc. This is a deal valued at US$50m. Accelrys and its wide range of customers will benefit from this acquisition due to the scientific innovation development which includes improving the quality management, compliance effectiv...
Dec 11, 2013
 
Experts Recommendations to Curb Cancer

Many new recommendations and strategies are devised in the concern of the rising threat of cancer. According to these recommendations, the key factors that lead to cancer include tobacco consumption. Tobacco disease or cancer standalone causes 40 percent of all types of cancer such as oesophagus, larynx, lung, throat, mouth, bladder, kidney, st...
Dec 6, 2013
 
Chief of Wipro, Aziz Premji may buy an additional 5% Stake in JM Financial

The new buzz word in the market talks about Aziz Premji – the billionaire of the multinational company Wipro who plans on buying additional 5% stake in the company. As JM Financial waits for the RBI view on the bank license, along with Premji, former Citibank chief Vikram Pandit is also one of the key investor in this banking pursuit.&nbs...
Dec 5, 2013
 
Nomura Holdings to Offer Salary Hikes to 4k Domestic Employees

With the Japanese Prime Minister urging companies to help the government combat the current deflation that is plaguing the economy, Japan’s leading brokerage firm Nomura Holdings Inc. has announced a salary raise for approximately 4,000 domestic staff members. The appeal for remedying deflation and sustaining economic recovery was recentl...
Nov 29, 2013
 
Costa Ricas Dos Pinos Cooperative to Export 100 Dairy Product Containers A Month to China by 2014

Costa Rica's Dos Pinos cooperative is all set to export as many as 100 containers of dairy products a month to China by 2014. This is being considered as one of the biggest export opportunities for the country, after it successfully reached compliance of sanitary protocols that are mandatory for export to China. In its capacity as the country's...
Nov 28, 2013
 
Siemens industry automation selected Atmel Corp’s maXTouch controller for Simatic

The Atmel Corp announced that Siemens industry automation selected its maXTouch controller to power the touchscreen for Siemens’ model Simatic industrial flat panel.  Atmel’s maXTouch model called as mXT1664S meets every stringent industrial requirement. These controllers deliver high touch performance even in the most drast...
Nov 28, 2013
 
Weatherford to Pay $253 million to U.S. Govt. For Flouting Sanctions

Oil and gas service firm Weatherford International has been fined over $253 million to the U.S. government towards the settlement of various charges that include breaking government sanctions against Syria and Iran and offering junkets and free holidays to business partners and their relatives. Weatherford was indicted for selling gas a...
Nov 27, 2013
 
Alchemy Systems Launches New Courses for Frozen and Vegetarian Food Companies

Alchemy Systems - the universal leader of creative and innovative technologies and services released a new house of courses especially for frozen and vegetarian food products. The Workplace Safety and Food Safety prospectus exhibits the market-specific needs and requirements distinct to different companies dealing with frozen foods and vegetari...
Nov 26, 2013
 
Rutherford Cancer Genetics Receives a Patent for Kidney Cancer Diagnosis

Rutherford-based Cancer Genetics Inc. grants a patent for the kidney cancer diagnosis. This is known to be the sixth leading type of cancer found among men in the United States. The acclaimed patent covers a host of Cancer Genetics probes that employ patent methods to test, detect, and/or differentiate several forms of kidney cancer. Th...
Nov 25, 2013
 
U.S. Job Openings Reached Five-Year Peak in September 2013

These reports could bring about some much-needed good news to the U.S. jobs market ahead of the impending festive season. According to data furnished by the Labor Department in Washington, job openings in the United States reached a five-year peak in September 2013. This aspect also indicates that employers had confidence in demand even in the ...
Nov 25, 2013
 
Legal industry makes an economic impact on Philadelphia

Several leaders belonging to the law firms have long disputed about the fact that the legal industry has an unsung economic impact on Philadelphia. However, now they have good proof and back up data to claim that fact.  According to a report commissioned by the Philadelphia Bar Association, the document concludes everything related to t...
Nov 21, 2013
 
Agricultural growers still persist for industry-owned research techniques

The Queensland Government proposal for an industry-owned company to control the grains research and continue the lobbying among the growers stirs up on one of the grains industry forums in Toowoomba.  However, agriculture minister John McVeigh's rejected the proposal put forth by the Grains Research Foundation (GRF) regarding the format...
Nov 19, 2013
 
Slower growth phase for China's plastics processors

China 's plastics processing industry experienced a slow growth of about 5% in the initial nine months of the year due to the rising costs and economic challenges in the country. This slow growth impelled the country 's biggest plastics association to make a powerful call for leading companies to adapt to new and innovative technology.  ...
Nov 14, 2013
 
Japan is all set to build nuclear power plants in Iran

Koichi Mizushima, Japanese Foreign Ministry's Deputy Director General for Press and Public Diplomacy is ready to cooperate and build nuclear power plants in Iran, the Islamic Republic. Mizushima the accomplice of Fumio Kishida, Japanese foreign minister expressed these remarks in his official visit to Tehran on Sunday.    Depend...
Nov 11, 2013
 
Tangerine Digital Entertainment launches customized digital marketing services to help travel industry

Tangerine Digital Entertainment, a digital content management company has recently launched customized digital marketing services to assist several travel companies in enhancing their wide customer engagement across different digital platforms. The company is willing to offer many travel companies in India a broad range of online content market...
Nov 6, 2013
 
Massive corporations like Microsoft invest in Renewable Energy sources

Microsoft is hardly the former corporation to invest in the renewable sources of energy. However, Microsoft joins the growing ranks of firms such as Google, Ikea, and Walmart which have perpetually been investing in the renewable energy.   Microsoft announced on Monday that it will house one of its ongoing data centers with large sca...
Nov 6, 2013
 
Bosch`s Prediction for Industry of Steel says Confectioners will move to Stainless Steel Equipment in a span of five years

In the next five years, the confectionery industry will shift from aluminum surfaces on packaging and processing equipment to stainless steel equipment. According to Bosch, this change is in order to raise the sanitation standards in the industry.    Eric Aasen, the product manager of Bosch believes that change is happening and ...
Oct 31, 2013
 
Global Investors Look for Shares as Lloyds Bank Kicks-off Reporting Season

All eyes are on the Lloyds Banking Group as it initiates the third-quarter reporting season for the United Kingdom’s five huge listed banks.     Since the economy has shown good signs to continue its recovery across the country, this particular progress has set to boost every bank’s domestic profit to an extent. Howe...
Oct 28, 2013
 
Sensex dips 137 points in an early trade today

A standard index of Indian equities markets recorded a dip of 0.66 percent or 136.96 points down in an early trade on Wednesday. Major sectors like technology, IT, entertainment (TECK), and entertainment experienced the selling pressure, while the metal sector mainly witnessed a marginal good buying activity.  The Sensex 30 Index share ...
Oct 24, 2013
 
China`s Billionaire Count Stands at 168 According to Forbes China Rich List 2013

The 2013 edition of Forbes China Rich List proves yet again that China’s billionaire club is expanding every year. The list, published on October 17, 2013, identifies 168 billionaires in China – the highest number recorded in the country till date. In 2012, Forbes had identified a record 113 billionaires – a figure that has be...
Oct 17, 2013
 
German Specialty Chemicals Manufacturer Lanxess to Cut 1,000 Jobs by 2015 End

German specialty chemicals manufacturer Lanxess will further intensify its cost-cutting drive by axing 1,000 jobs by 2015 end. The company is taking these measures in a bid to counter the falling demand for its products and the resultant revenue loss. This, coupled with other cost-cutting measures is expected to help the company save 100 millio...
Sep 19, 2013
 
Fiat to Introduce Five New Car Models Over Next Two Years

Italian automobile manufacturer Fiat hopes to regain its profitable position in the Europe, Middle East and Africa (EMEA) market by producing five new brand models over a period of two years. Fiat's EMEA region group head Alfredo Altavilla stated this in an interview published in Corriere della Serra. This fortune-changing lineup will l...
Sep 18, 2013
 
By 2014, Canada's Unemployment Rate will be Higher than the United States

The rate of unemployment in Canada is projected to be higher than that of the United States in 2014, a Bloomberg News survey states. The average rate of unemployment in Canada will be around 7% by 2014 whereas that of the US economy will be 6.9%. As governments and manufacturers continue to lay off personnel to cut costs, Canada's employment...
Sep 13, 2013
 
Hewlett-Packard to Modernize and Manage Mission Critical Systems at the US Defense Manpower Data Center

Hewlett-Packard (HP) Enterprise Services has been awarded a $56 million task order for a period of three years by the US Department of Defense's (DoD) Defense Manpower Data Center (DMDC). The scope of this contract includes modernization, management and support to the DMDC's four Personnel Security and Assurance Systems as well as assisting in ...
Sep 6, 2013
 
Canadian Regulatory Nod to Glencore for the Sale of its Viterra Farm Outlets to Agrium

The deal that was poised to make Agrium Inc the dominant farm retailer in Canada is almost nearly sealed with a go-ahead from Canada's Competition Bureau. The acquisition will see Glencore Xstrata PLC sell multiple Viterra farm retail stores to Agrium, a leading Canadian fertilizer company. Agrium the largest seller of fertilizer, seeds and ...
Sep 6, 2013
 
Alibaba Group Set to be the Leading E-Commerce Provider Globally

Alibaba group, the e-commerce giant from China, is set to surge past U.S behemoths e-bay and Amazon by 2012.  In the last year, gross merchandise value (GMV) of Taobao.com, transaction based website was similar to the joint GMV of e-bay and Amazon.  Taobao.com is the most profitable business group among Amazon’s seven bu...
Sep 20, 2012
 
China Volkswagen to Recall and Repair Santana Models for Free

The Volkswagen AG’s joint venture with Shanghai Automotive Industry Corp., Shanghai Volkswagen Automotive Ltd. has decided to recall approximately 7,550 units of manual series sedan models of Santana 1.8L that were manufactured from March 1 to August 28 this year. The news was officially confirmed by AQSIQ (Administration of Quality Super...
Sep 18, 2012
 
Airtel Kenya and GSMA Partner to Provide Agricultural Community Service through Mobile

Airtel Africa and GSM Association (GSMA) are working together to start a project for providing agricultural information to farmers through mobile phones. Airtel Africa announced that the company is working with GSMA to initiate the project for providing relevant and reliable information to farmers through mobile phones. Airtel believed ...
Sep 13, 2012
 
Koreans Semiconductor Industries Leaping Ahead of the Japanese

With the advent of semiconductor technology, Japanese people engaged themselves passionately in the production of semiconductor devices thus acquiring majority of the market share until now. But the current scenarios in Korea are showing outputs which are quite optimized with effective management of the energy resources. The recent technical ad...
Sep 11, 2012
 
Rising Importance of LNG Challenges Gas Monopolistic Market

The Monopolists in the Oil and Gas power manufacturing are facing challenges from the advanced developments and increased usage of Liquefied Natural Gas (LNG). With new discoveries in the Middle East and Europe LNG is one of the fastest growing fuels in the market. Findings in Australia and Europe concludes that LNG is about to replace ...
Aug 27, 2012
 
Energy Markets Witnessing Faltering Growth

Crude oil prices remains down since the commencement of worldwide economic recession. The slower rate of recovery is resulting in the suppressed demand for petroleum products. Iran being the dominant supplier of petroleum products, and ongoing concerns over geopolitical pressures with Iran has encouraged some countries to release their strategi...
Aug 27, 2012
 
A New Development - “Synthesizing Nanocrystals for Harvesting Solar Energy”

The light absorbing materials available today are not durable and this is one the major factor, why solar energy was not widely accepted in the global market. These light absorbing solar materials used to harvest solar energy have a disadvantage of degrading or overheating over time. Their characteristics of degradation and overheating are the ...
Aug 27, 2012
 
US and Australian Navy Works Together to Search for Alternative Fuels

The US and the Australian Navy joined forces to look out for the alternative fuel sources. In order to reduce the dependence on fossil fuels, the US Navy recently signed an agreement with Australian Navy to search for alternative fuels in order to fulfill the increasing energy demands of their countries.  Ray Gigg, Vice Admiral, AO...
Aug 27, 2012
 
Ghana is Planning LPG and Electricity Supply to Benin

John Dramani, the President of Ghana, announced on Thursday that they are working on a project that would retool the energy sector of their country. According to this new project the country will supply substantial electricity and liquefied gas to Benin. The Interior and Home Security Minister, Mr. Benoit Comlan Degla, called President Mahama a...
Aug 27, 2012
 
ISSAC Approaches Gulf; Energy Markets Hold Steady Showing Mild Variations

Tropical storm, Issac, with wind speeds exceeding 60 miles is on its way to Cuba, and is expected to turn in to a hurricane as it touches United States Gulf of Mexico. It is expected to threaten oil and gas explorations in the area, and as precautions, operators drilling in the area are shutting down the plants. Despite the luring danger of dro...
Aug 27, 2012
 
Tax Policy for Wind Energy to Drive Economy

The current ongoing year has seen U.S. wind energy industry achieving milestones one by one. The recent achievement was in the current month, when American wind energy reached a total installed capacity of 50 GW (Giga Watts) for electricity generation through wind energy. Prior to this, earlier this year, another milestone was achieved when ind...
Aug 27, 2012


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