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Tesco Sales Improved: Rise in Sales Attributed with Christmas 2015

The news came as a surprise because previously the grocer had faced significant drop in sales and shares. Tesco also reported its lowest-ever sales last year on April. Other grocers also reported better sales than predicted.


Foursquare welcomes new CEO, as Crowley ‘steps up’ as the new Executive Chairman

Dennis Crowley, the co-founder of Foursquare, has passed on the reigns to the able hands of the then-COO, Jeff Glueck. Around the same time, the company raised its much-needed fund of $45M at this year's round of financing.

China's Baidu is considering investing in Indian's Zomato, BookMyShow, and BigBasket

The top online search engine already had the initial discussions with the three Indian startups. Baidu seeks to expand to India due to growing online population and internet user.

E-Cigarettes: Recent study shows the product actually lowers smokers' chances to quit tobacco

Recent study adds to the controversy of whether it is safe and effective to use e-cigarettes as a substitute to conventional cigarettes.


Latest News

After much wait, Shanghai announces the opening date of its Disneyland. This huge theme park is said to have some of the finest attractions, including the largest princess-themed park. While it may have faced a lot of construction challenges over the years, this Disney resort seems to have emerged unscathed, albeit a little late.
Microsoft is finally moving on from Internet Explorer 8, 9 and 10, with exceptions of certain aging Windows updates. The software giant has rolled out the Edge, an improved version of the Explorer, and urges its users to make the switch swiftly, for a continued and, most importantly, secure relationship.
Canadian Finance Minister has clearly stated that he strongly supports the central bank's recommendation of featuring Canada's iconic woman or women on paper currency. The petition for recognition of women, led by by hhistorian Merna Foster since 2013, seems to be slowly moving towards a positive decision.
Two big names, Wesfarmers and Sainsbury's, are vying for the Home Retail deal, despite warnings sent out by the seller itself regarding low profit expectations. While the deal seems to be in favor of Wesfarmers, Sainsbury's is not out of the picture yet.
Argentina is struggling from soaring inflation, which is hovering at 21 percent. The inflation rate is expected to reach 25 percent in 2016. The government is targeting to bring it down to five percent by 2019. The soaring prices are forcing consumers to pay everything in installments.
Chinese iron ore imports rose to a record-high in December, suggesting that demand from the world’s largest consumer remains robust. The enormous increase coincided with signs of continued inventory restocking at chinese ports.
JPMorgan Chase, Bank of America (BoA) and Wells Fargo earned over $6 billion from ATM service and overdraft fees. For the first time, US government in 2015 allowed banks to disclose details from ATM and overdraft fee revenues. The US banking consumers pay in the range of $4 to $5 to withdraw money from an out-of-network ATM.
The debt burden of South African farmers reached to over Rand 125 billion ($7.5 billion). The total debt of farmers was up 14 percent in 2015 to Rand117 billion. Economists alert that the prevailing slump in commodities markets, tighter monetary, fiscal policy, drought conditions and drop in value of Rand will trigger higher than expected inflation rate.
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 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.