Financial & Business updates

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FIFA World Cup Economic Boost to Russia a Short-lived

FIFA World Cup Economic Boost to Russia a Short-lived

Russian President Vladimir Putin will be hoping that the soccer World Cup, which starts last Thursday and puts his country in the international spotlight, will bring an economic boost – but experts are downbeat about any long-term benefit. Russia his host the largest event on the footballing calendar from June 14 to July 15, with […]

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Italy Political Crisis Hits Financial Markets

Italy Political Crisis Hits Financial Markets

Fears over Italy’s political upheaval spread to Wall Street after Europe’s financial markets closed lower. The prospect of fresh elections and the possibility of eurosceptic parties strengthening their position has raised concern about the eurozone’s stability. The Dow Jones index shed 1.6% and the S&P 500 lost 1.2%, coming after Italy’s FTSE MIB closed down 2.7% […]

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Amazon and Starbucks Attack Homeless Tax

Amazon and Starbucks Attack Homeless Tax

Amazon and Starbucks have hit out at a decision to impose a new tax on firms based in Seattle to help fight homelessness. Amazon, the US city’s number one employer, said the levy could put future expansion on hold in the region. Seattle City Council voted unanimously for the tax, saying it will raise $47m […]

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Is the Driverless Cars a threat to The Real Estate Industry?

Is the Driverless Cars a threat to The Real Estate Industry?

Driverless cars could become a regular feature of the roads as early as April – at least in California, which has decided to allow fully autonomous vehicles to be tested on the roads (none of those pesky humans who have been present in test drives so far). Arizona has already become a fair-weather center for […]

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The threat to world trade :The rules-based system is in grave danger

The threat to world trade :The rules-based system is in grave danger

Donald Trump’s tariffs on steel and aluminium would be just the start DONALD TRUMP is hardly the first American president to slap unilateral tariffs on imports. Every inhabitant of the Oval Office since Jimmy Carter has imposed some kind of protectionist curbs on trade, often on steel. Nor will Mr Trump’s vow to put 25% […]

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The manufacturing Giant-Carillion goes into liquidation

The manufacturing Giant-Carillion goes into liquidation

Carillion to go into liquidation Construction giant Carillion is to go into liquidation, threatening thousands of jobs. The move came after talks between the firm, its lenders and the government failed to reach a deal to save the UK’s second biggest construction company. However, the government will provide funding to maintain the public services run […]

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IRAN’s Economic Woes Spurred up Anti-Government Protest

IRAN’s Economic Woes Spurred up Anti-Government Protest

ISTANBUL — Anti-government protests spurred by economic woes hit Iran for a third day Saturday, news agencies and social media reported, in what has quickly emerged as a significant challenge to the administration of President Hassan Rouhani. Demonstrators protesting price increases and high unemployment turned out in cities and towns across the country, defying police […]

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The 21st Century Slave Market and the Libyan Economy

The 21st Century Slave Market and the Libyan Economy

For migrants from sub-Sahran Africa, Libya was a destination even before Muammar Qaddafi fell in 2011, and the country turned itself in a boat launch to Europe. The dictator fancied himself as a munificent overseer of the continent below. When liberation struggles were underway against colonial masters, Qaddafi sent guns and money, and when the newly independent nations […]

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Cryptocurrency Mining Market NiceHash Hacked

Cryptocurrency Mining Market NiceHash Hacked

The cryptocurrency mining marketplace NiceHash has been hacked, its team said Wednesday. Posting on social media, NiceHash said that “there has been a security breach involving NiceHash website” resulting in a loss of funds. NiceHash, formed in 2014, serves as a marketplace for miners to rent out their hash rate to others. The announcement follows an […]

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Cloud Technology: The Future of New Business Models

Cloud Technology: The Future of New Business Models

Ten years ago, few would have imagined that employees could work entirely remotely or that an entire business infrastructure could exist on the internet. With the adoption of cloud computing, a service that allows companies to access processing and data storage through the internet, these business models are becoming a reality. Today, small businesses can […]

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