A reduction in the number of people engaged in part time employment drive the unemployment rate of Britain to a two year high. Official data that showed the rate of unemployment up to May confirmed the fact on 15 July. However the Office for National Statistics of Britain however claimed that the...

  What is common between Qatar, Luxembourg and Singapore? The answer is they are amongst the smallest of countries and yet are amongst three the richest in the world.   This was revealed in an analysis by the Global Finance Magazine.    The magazine ranked 174 countries...

After having sold off its slugging mobile business to Microsoft for around $7.5 billion, the Finnish mobile company is looking to re-enter the mobile market once again through the brand licensing route. The company is reported to be looking out for a suitable mobile device manufacturer to restart...

Barely days before a crucial share holders meeting, Samsung C&T Corp, the sister company of Samsung engaged in construction business, has resorted to advertisements in leading news papers in South Korea. The aim is coax as many of the shareholders as possible to garner support to back an $8...

The U.S Justice Department has won against Apple Inc. in its appeal at a federal court. The DOJ had previously stated that Apple conspired with five publishers to increase e-book prices. In what would be considered a win for the U.S. Justice Department, a federal appeals court upheld a judge’s...

Wall Street seems to be pinning its hopes of recovery on Greece’s willingness to resume talks on the debt crisis. Greece may not be a big factor to U.S corporations, but Greece’s future is bound to send the eurozone is a financial tangle. The U.S Stock Exchange had a pretty rough trading day due to...

The drivers’ union’s protest results in a London Underground Strike. Government has been active in trying to find alternative ways to help the citizens. London – 09 July 2015 – After a long thirteen years’ gap London witnesses another shutdown. On 8th of July 2015, the Underground of London closed...

The sharp fall in China's stock market is one of the most debated topics today, and at the moment, it is the most dangerous event for the global economy. No one can say for sure when the situation will stabilize, but there is a doubtless risks of worsening. The biggest danger is that the drop in...

Scientists at the Lawrence Berkeley National Laboratory have published a study which shows that electric cars are not just cost effective, they are good for the environment as well. Although a fleet of self-driving taxis zigzagging the cityscape seems like a distant dream from the near future,...