Author Archives
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US Snatches Accolade For Possessing World’s Most Powerful Supercomputer From China
The most powerful calculating machine in the world unofficially is a supercomputer named Summit. It was unveiled at Oak Ridge National Lab in Eastern Tennessee. The purpose of the design was partly to increase the techniques of artificial intelligence which… Read More ›
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Ticket Resale Industry Targeted By FIFA Before The World Cup
Football fans are being duped by ticket resellers, say FIFA just days before the football World Cup is set to begin in Russia. “Secondary ticketing” is a big business. According to news reports, the business is estimated to be worth… Read More ›
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300% Over-subscription For Foxconn Unit’s $4.27 Billion IPO In China
There was 300 per cent oversubscription for the stocks of Foxconn Industrial Internet in what is being touted as China’s biggest IPO in the last three years Driven by expectations of a price rise following the listing, there was high… Read More ›
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Argentina To Get $50 Billion Loan From IMF
$50bn would be given to Argentina as debt to spruce up its debacle economy by the International Monetary Fund, However, the IMF board still needs to pass the three-year agreement. Following the local currency of Argentina hitting record lows on… Read More ›
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Surprise Rate Hike By Turkish Central Bank, Currency Rallies
Just a few before the presidential and parliamentary elections in Turkey, the country’s central bank announced a sharp rise in the primary interest rate aimed at reigning in the rising rates of inflation and to stabilize the currency lira. The… Read More ›
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EU To Impose Tariffs On US Imports From July
The retaliatory import tariffs that has been announced to be imposed by the European Union on goods from the United States would be implemented from next month. The list of goods include a range of products from Harley-Davidson motorbikes to… Read More ›
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Europe Is Dependent On Gas From Russia For Its Energy Needs
It is hard for Europe to dump Russia despite its desires to do so. Vienna gave a warm welcome to Russia President Vladimir Putin on the occasion of the 50th anniversary of Austria becoming the first western country that agreed… Read More ›
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Mexico To Slap Tariffs On US Goods Worth $3 Billion: Minister
The tariffs that Mexico is planning to impose on American products would be worth $3 billion and would include goods from a number of sectors, said the country’s Economy Minister Ildefonso Guajardo on Tuesday. “The value of the impact will… Read More ›
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World’s Longest Flight To Be Started By Singapore Airlines Again
The longest non-stop commercial flight between Singapore and New York would be started by Singapore Airlines from October 11, 2018. The approximate duration of the flight would be 18 hours and 45 minutes. The new Airbus A350-900ULR (ultra-long-range) aircraft would… Read More ›
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EU Says US Playing A “Dangerous Game” By Imposing Tariffs
According to the European Union’s trade commissioner Cecilia Malmstrom, the slapping of tariffs on European steel and aluminum is a “dangerous game” that the US is playing. The economic recovery of the EU would be negatively impacted by the move… Read More ›
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