The president of the European Central Bank Mario Draghi, told critics of his stimulus path to be patient and wait for the euro zone’s recovery to take firm hold as the bank kept its super-easy monetary policy unchanged as expected…. Read More ›
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Deal for First ‘Floating City’ Signed by French Polynesia
With the hope that the move would pave the way for autonomous floating cities around the world, Bottom of Form French Polynesia has signed an agreement for creating floating city on the sea. California’s Seasteading Institute is the executing agency… Read More ›
VR Allegations Dismissed by Mark Zukerberg
Seemingly apparently unfazed by accusations his company stole innovative virtual reality technology, Facebook founder Mark Zuckerberg appeared in court – all suited and booted. Apart from confirming that Facebook’s deal to buy VR company Oculus was even more expensive than… Read More ›
Global Survey Shows All Time Low Levels of Trust in CEOs
A global report by public relations agency Edelman claims to have found that there is a crisis of public trust in business, institutions, government and non-governmental organizations (NGOs). Ahead of the publication of the 2017 Edelman Trust Barometer, agency CEO… Read More ›
HSBC Says, as Demonetization Effect Ebbs, India Set To Be Asia’s Standout Economy
According to a new report from HSBC, as the growth outlook for the broader Asian region looks challenging due to subdued trade, tighter financial conditions and weak capital expenditure, India is expected to be one of region’s standout performers this… Read More ›
France’s Macron says Euro May Not Exist in 10 Years
French presidential candidate Emmanuel Macron has said that if Paris and Berlin fail to bolster the single currency union, the euro may not exist in 10 years’ time. However at the expense of weaker member states, the current system benefited Germany,… Read More ›
As Cash Crunch Hits Indian Stone Cutting, Global Diamond Business Roiled
As a direct fall out of the Indian Prime Minister Narendra Modi’s radical move to abolish most of the nation’s cash overnight, the global diamond industry is facing disruption that could stretch through the first few months of next year,… Read More ›
There can be More Incidents Like Facebook’s Safety Alert in Bangkok
After the report of a small bomb explosion, it wasn’t a mistake to tell people in Bangkok to mark themselves as safe, Facebook Inc. said. How much more common the social network’s “safety check” alerts are going to become is… Read More ›
State Bailout for World’s Oldest Bank Approved by Italy
After the world’s oldest bank, Monte dei Paschi di Siena, failed to secure backing from private investors, Italy’s government approved a state bailout for the bank. In order to help the country’s embattled banking sector, with BMPS, Italy’s third largest bank,… Read More ›
Mexico’s Record Fuel Imports Results in U.S. Refiners Cashing in
Shipping record volumes to a southern neighbor that has failed to expand its refining network to supply a fast-growing economy, U.S. Gulf Coast refiners are cashing in on rising fuel demand from Mexico. Providing business worth more than $15 billion… Read More ›
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