FDA has been reported to seize 90,000 bottles of RelaKzpro branded diet supplement on Wednesday. The seizure has been conducted under Federal Food, Drink & Beverage Act following a suit filed by the US Department of Justice on behalf of FDA in the District Court. The suit accuses kratom containing diet supplements as adulterated due to unreasonable health hazards.
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German factory orders rose more than expected due to orders from inside the country
German factory orders grew 1.5 percent in November more than economists have projected mainly driven by the strong domestic demands.
Pound fell to weakest since 2010, as Exchequer Chancellor warns of global threats
The pound drops to its weakest since June 2010 by 0.4 percent to only $1.4575 9 am January 7 London, as Chancellor of the Exchequer George Osborne warns of threats abroad against the British economy in 2016.
Mexico's effective tax increase on sugary drinks inspires Britain, Canada
A study by the British Medical Journal shows that Mexico’s 10% tax on sweetened drinks implemented in 2014 led to 12 percent reduction in sales. Now, Britain and Canada are planning to follow suit.
Hawaii’s last sugar-plantation to get out of the industry by the end of 2016
Alexander & Baldwin Inc., the last sugar plantation Hawaii, will stop producing sugar by the end of 2016, ending an important industry to the island’s economy.
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Uber has agreed to pay $20,000 in fine and adopt a better data security provisions in a settlement signed with the New York Attorney General, Eric Schneiderman. Besides that, the company also agrees to limit the number of employees allowed to use the system.
Normal check-ins of baggage was resumed by Malaysia Airlines after restrictions due to powerful head winds. These head winds inhibit the airline's capability to carry cargo and baggage.
Intel’s Radar Pace Technology has been successfully incorporated in Oakley branded smart glasses, are capable of analyzing athletic performances and coaching thereto. The glasses have been represented before the audience of Consumer Electronics Show, 2016. Unlike Google Glass, the Radar Pace technology instructs the wearer doing everything just by talking.
The majority of states in the United States including major cities will implement new minimum wage rate starting this year as workers continue to strike and demanding a better payment. Workers have been under pressure lately as the cost of living continues to increase yet their minimum wage remains the same.
The continuous drop in oil price for the past 18 months may impact $125 million real estate-backed securitized loans in North Dakota. The oil drillers in North Dakota have reduced their activity in the wake of lower oil prices. The reduced activity in shale hubs is poised to dampen the property market in North Dakota.
Continuing 12-month falling streak, South Korea suffered drop in exports during December 2015 as well. The sluggish Chinese demand and weaker global outlook have impacted South Korea's exports in 2015. The drop in exports surpassed the forecast of economists.
The Chinese government just passed a new controversial anti-terrorism law as part of the country's effort to curb any threat either from the inside or outside of the country. According to the new law, the Chinese authority has the right to request for sensitive information from any technology firms in the country.
Opium production has been one of Afghanistan source of economy. Since 1950's in the area known as Golden Crescent is a well-known opium and heroin production in the world.
Chipotle reopen its Boston restaurant in Cleveland Circle on Christmas. After an outbreak of norovirus in its outlet earlier, the Mexican Grill would have to close its restaurant for inspection.
