The U.S. Department of Energy expects global oil prices to balance themselves out in a year’s time. Ernest Moniz, the Energy Secretary of the United States has disclosed that he expects the global supply and demand of oil to rebalance… Read More ›
Economy & Finance
Bitcoins are likely to become increasingly popular
With their pricing details published by the International Exchange Group, which owns the NYSE, and the CME group, the choppy waters of bitcoins are likely to be dampened. In a move that could significantly boost the credibility of bitcoins, Intercontinental… Read More ›
Qatar’s push for seat Balked by VW executive committee: Reuters
A request that has met with substantial opposition, shareholder Qatar has asked Volkswagen for a seat on the company’s executive committee as they are frustrated with the pace of reform at Volkswagen, reported Reuters quoting two sources familiar with the… Read More ›
Eurozone Economy Speeds up En-route to Recovery
The official statistics state that the eurozone’s economy grew by a faster-than-expected 0.6% in the first three months of the year. The growth was above analysts’ expectations 0.4% and from the 0.3% rate recorded in the previous quarter the growth… Read More ›
Germany in talks with Panama in the wake of the Panama Papers
After the leak, Panama has come increasingly under international scrutiny with countries wanting increased cooperation and transparency. In the wake of the leak of the Panama Papers, Germany’s Chancellor Angela Merkel has spoken at length with Juan Carlos, Panama’s President… Read More ›
The Eurozone’s economy registers significant growth
Despite deflationary tendencies snapping at its heels, the Eurozone registered a strong economic growth principally by the economies of France and Spain, its growth was 3 times the growth registered by the U.S. economy. In this year’s first quarter, the… Read More ›
The Chinese make good tourists
The economic cost of the Chinese splurge abroad is offset by the surplus generated by the country’s manufacturing and trading sector. China’s foreign exchange regulator has noted that the country’s trade deficit in the services sector has yawned to $21.0… Read More ›
Low oil prices drag down BP’s revenues by 80% for the first quarter of 2016
Its downstream operations have however offset its upstream losses by $747 million. It has maintained its dividend of 10 cents per ordinary share. With British Petroleum reporting a humongous 80% drop in its oil revenues for the first quarter of… Read More ›
T-Mobile’s net profit jumps by 10.6% driven by deep discounts
The surge in its profits is even more significant since it had reported a loss of $63 million in the previous year. With consumers flocking to U.S. telecom giant thanks to its deep discounts, T-Mobile US Inc., the No.3 wireless… Read More ›
Low Income Families to be Offered $5 Internet by AT&T
Low-income families would now be offered discounted internet access by AT&T starting for as low at $5 a month. The new program, called Access from AT&T says that any home where at least one person receives food stamps will be… Read More ›
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