Amazon is planning to enter into ocean freight shipping industry as the company has been awarded with a clearance from the Federal Maritime Commission. The license will entitle Amazon to act as Ocean Transportation Intermediary.
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British doctors on a 24-hour strike: Demands better pay and working hours
Protests turned into a full-fledged 24-hour strike by the junior doctors of NHS when their negotiations with the government failed to yield results. The new policy failed to address payment issues and overall job security.
WOW Airlines announces its California-Europe destination at an amazing price of $199
WOW Air has wowed the masses with its expansion into United States' South West at an unbelievable cost of $199. This carrier will fly passengers from California to Europe at this no-frills cost. A #WowinCali contest on social media has added to the hype, where the contest winners can win free tickets on this new route.
MUFG buys 20% stake in Philippines' Security Bank
Japan’s Mitsubishi UFJ Financial Group is said to have agreed to buy a 20 percent stock in Philippines' lender Security Bank Corp for $773 million (36.9 billion pesos), as an effort to strengthen its growth in Southeast Asia.
African startups commence 2016 with $10mln investment
Technology startups in Africa may get $10 million funding in early 2016 as Silvertree Capital sees the rosy picture. Silvertree Internet Holdings is keen on scaling technology and commerce companies and has already invested $5 million in business building operations and acquisitions. South Africa, Nigeria and Kenya are favored the most among African countries.
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European car sales rose to 9.2% in 2015. Demand in December is recorded as the strongest one in the entire year. However, Volkswagen is excluded from the strong gain.
Italian Medicine Agency has formulated an advanced strategies in drug spending. The agency has developed an innovative deal with pharmaceutical companies to institute a refund for ineffective medicinal treatment.
Hong Kong dollar dropped to four-year low against US dollar and continue to dive. Its continuous plunge lead to the biggest weekly loss for more than a decade.
As a celebration for surprising Golden Globe win for "Mozart in the Jungle," Amazon prepares a special offer. Beside streaming the series for free this weekend, the company is also discounting subscription for Amazon Prime.
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The Fed may hold its next interest rate hike, following a current plunge in oil market that affectsthe stock market. This will give market a breather.
Cartel kingpin El Chapo was recaptured on Friday, after his second escape from Mexico's top-security prison through a tunnel. The operation involves Mexican marine, aids from U.S authorities, as well as numbers of informants that adds up to more than 2,500 security and intellectual agents.
Saudi Aramco, the Saudi Arabian oil company, has emerged as the most valuable company in the world. Talks about a potential public offering have created quite a stir in the stock market, as the investors wait for more details from the oil kingdom.
The California Public Utilities Commission has fined Uber $7.6 million for failing to follow requirements that would protect passengers from discrimination. The company will pay the fine, but appeal the decision.
Morgan Stanley, has been reported to tatter with its fixed income division. Following the industry precedence of changing or reshuffling the executives, it has named Sam Kellie- Smith as the head of fixed income and commodities. The Wall Street Bank’s recent moves haven’t surprised the analysts at all.
