It is possible that 2015 was simply fated to be the Year of Hoverboard. The devices were making news this year but then, they started going viral for another reason. They were highly risk for catching fire.
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London’s Economy Leads UK, Noting A Positive Growth Of The Country Economy Recovery
London has reached the fastest growth during, leaving the other regions behind. The growth is spotted to be the result of finance, real estate, and service sectors in the region. This positive development has shown more hopes for the country economy recovery that has struggled since its financial crisis years ago.
India Focuses On Mitigating Impact Of Slow Economy In China, Heading To Be The Fastest Growing Country In Asia To Grow Faster
India remains stand out despite the slowing down China's economy, which has caused large impacts to the global economy. India is predicted to be the fastest-growing country in the world this year. Some impacts should be faced by the Indian export markets. However, India keeps focusing on the actions that can improve the economy growth.
China's search engine Baidu is to be punished for pornography and commercialization
The company is accused of commercialization in the form of selling its forum's management and altering search results to show paying-websites. Last year, Baidu also faced punishment over pornography and violations of publishing regulations.
Ivory Trade: Hong Kong will work towards banning the sales
Hong Kong has been one of the main traders of elephant ivory. The government is about to change that, a move praised by activists and environmentalists.
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The project could start as soon as this year and is estimated to be completed in 2022. The transportation project would established Central America's first monorail.
In the face of declining home prices, as evident from the last quarter, the chairman of Hang Lung Group, Hong Kong's leading developer, expressed that the city property market is now more robust than it has ever been in the last 25 years.
Intense fog in Delhi, India, caused great disruptions in train schedules. Nearly 60 trains were cancelled while around 10 were delayed due to poor visibility. The air pollution problems in Delhi is quite acute and the government should should work towards a resolution.
China will release its economic growth data on Tuesday, and most financial institutions are expecting the slowest expansion rate since 1990.
Mayor Bill de Blasio’s administration along with the horse carriage industry of New York came to an agreement to shrink horse numbers in the city from 220 horses to only 95 horses by 2018.
Fluor Corp.’s NuScale unit will build small modular nuclear plants in the UK, which ambitions to have these facilities by 2025. The firm plans to submit a 50-megawatt reactor design to the U.S. nuclear authorities by the end of 2016.
Chairman of China Securities Regulatory Commission (CSRC) was reported to offer his resignation. Xiao Gang handed his resignation last week following a failure in executing circuit breaker system in China stock markets.
Both Wells Fargo and Citigroup have been badly hit with the historic low oil price. The Walls Street banks have heavy investment in energy portfolio and the industry is passing through a nightmare since 2008. Both the banks have been forced to keep provision against the default power investments. But real estate portfolio has helped Stagecoach to leave behind the umbrella with its greater contributions predicted earlier.
South African retail bank said the country's house price will decline in this year. Fitch Ratings also remarked South African residential property and mortgage markets outlook to weaken further facing microeconomic challenge.
