Author Archives
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Good News for Arms Dealers – Indian Army 185,000 Deadly Assault Rifles
Providing a potential boost to global arms suppliers, India’s armed forces have embarked on a shopping spree for modern assault rifles, body armor and helmets. Scouting for a new model on the global market for 185,000 assault rifles, the 1.3 million-strong… Read More ›
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London Lures Shoppers with Cheap Luxury Goods, Even as the Bargain not Expected to Last for Long
Driven by a combination of its core characteristics and short-term boosts related to the U.K.’s vote to leave the European Union, the lure of London for luxury shoppers has tightened its pull in recent months. According to a report released… Read More ›
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Key Election Test: The Price of a Chocolate Croissant, Failed by French Presidential Hopeful
There are always plenty of surprises during the French presidential elections. A key election test: The price of pain au chocolat – a traditional French pastry, was failed by Jean-Francis Cope, who is currently running to become the presidential candidate of… Read More ›
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Doors to Foreign Workers Opened up by Japan
Japan, where the number of foreign workers, though still relatively small, has nearly doubled over the past eight years, is giving this message: send us your construction workers, your care givers, your store clerks — but for a limited time… Read More ›
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First Delivery in Colorado made by Uber Self-Driving Truck Packed with Budweiser
Uber claim that in what is the world’s first commercial delivery in a driverless vehicle, the ride-hailing giant teamed up with AB InBev to transport beer in an autonomous vehicle. With nobody behind the wheel, a tractor trailer full of beer… Read More ›
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Fossil Fuel Beaten for First Time by Record Green Power Installations
With record new installations of emissions-free power surpassing sources that burn fossil fuel, renewable energy reached an important turning point last year. This was revealed by the International Energy Agency. The Paris-based agency said in its Medium-Term Renewable Energy Market… Read More ›
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Report says if EU Blocks Trade Deal in Brexit, UK could Slash Corporation Tax to 10 Percent
If the European Union refuses to agree a post-Brexit free trade deal or blocks U.K.-based financial services firms from accessing its market, the Sunday Times said citing an unidentified source that Britain could slash its headline corporation tax rate to 10 percent… Read More ›
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Warning Over Brexit Banking Exodus Received by UK Government
Large banks with a presence in the U.K. feel that in the wake of the uncertainty surrounding the Brexit vote, the country’s government is not fully receptive to the financial services sector, reported CNBC citing an industry source with knowledge of… Read More ›
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Overseas Acquisitions by Chinese Companies Touch Record Amounts this Year
For the first time on record, compared to U.S. buyers, Chinese companies are buying up overseas assets at a faster pace. Select-service hotel portfolio from Starwood Capital Group LLC was agreed to be bought by China Life Insurance Co Ltd for $2… Read More ›
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As Currency Shortage Spreads in Egypt, Tea Drinkers Forfeit Sugar
Grocery stores in Cairo’s bustling Dokki district on the banks of the Nile River were scourged extensively by Laila El-Sayed as she spent her entire afternoon looking got for just one thing – sugar. At a price that was twice… Read More ›