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Updated: 6 days 19 hours ago

Optimism Reaches a Rock Bottom as Puerto Rico Revises its Plan to Fill Debt Financing Gap

Tue, 01/19/2016 - 07:21

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In September, the government of Puerto Rico released its five-year plan that would work to reduce the huge debt of the island and revive the economy. But, that plan seems to be too optimistic and on Monday, top economic officials of Puerto Rico said they had been too confident about the plan and is revising the plan to face the worse.

 

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Fourth-Quarter Growth in China Weakest Since 2009 at 6.8 Percent

Tue, 01/19/2016 - 07:15

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In the recent past years China has been the growth engine for the global economy. But the cooling in economic activities noted of late has brought in worries that conditions in the second-largest economy of the world may be deteriorating fast.

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Crude Oil Prices Fall Below $28 due to Over Supply Concerns as Sanctions on Iran are Lifted

Tue, 01/19/2016 - 07:12

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Worries are mounting as the oil prices were once again pulled down on Monday to below $28 a barrel in anticipation that lifting of sanctions against Iran will flood the oil market that's already facing a glut.

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Cola giants funded weight loss study claiming ‘diet drinks better than water’

Tue, 01/19/2016 - 04:29

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In a new revelation, the study that claimed diet versions of soft drinks are better than water for weight loss, was actually funded by an industry body that included Coca-Cola and Pepsi. The study was led by Peter Rogers, professor of biological psychology at Bristol University and was published in the International Journal of Obesity.

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Qualcomma and Guizhou province of China Signs a Cooperation Agreement for $280 Million Joint Venture

Mon, 01/18/2016 - 07:45

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On Sunday, Qualcomm Inc and government of Guizhou province of China announced a joint venture of $280 million for development, design and sale of advanced server technology. The U.S. based global semiconductor company is deepening its relations in China.

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A World Divided Over Wealth and Trust

Mon, 01/18/2016 - 07:42

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The wealth gap between the rich and the poor is growing worldwide and this is especially true for some of countries more than the others including The U.S, U.K, France and India.

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UN panel Says $40 Billion Required Annually to Help People in War and Natural Disasters Areas

Mon, 01/18/2016 - 07:31

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A panel appointed by the United Nations said that approximately $40 billion is required on a yearly basis to provide help to the ever growing number of people who require humanitarian aid due to situations of conflicts as well as natural disasters.

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What is the Future of bitcoin will it Succeed or Face a Complete Crash?

Mon, 01/18/2016 - 07:29

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Has the virtual currency bitcoin reached a crossroad where it's still uncertain whether it will succeed or turn out to be a complete failure?

One of the leading bitcoin developer Mike Hearn last week labeled the bitcoin as a failed currency and said he was selling off all his bitcoins and moving away from the currency altogether.

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Japanese astronomersdiscover massive black hole in the Milky Way

Sun, 01/17/2016 - 04:06

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A team of astronomers have said that they might have discovered what is described a massive black hole lurking in the Milky Way.

 

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NASA postpones spacewalk after leak in helmet

Sun, 01/17/2016 - 04:00

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American space agency, NASA has said that it had to suspend a spacewalk at the International Space Station on Friday after an astronaut reported a leak in the helmet.

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