German telecom providers; Tele Columbus and Pepcom, have agreed to consolidate for €608M or $570M. The acquisition will benefit 3.7 million subscribers in Germany. Tele Columbus plans to improve its media service upon the deal.
Country
Serbia cuts rates for 2nd time this month
With an objective of boosting economic growth, Serbia has slashed interest rate for a consecutive second month. The inflation rate is below the government's target and GDP growth rate was also eased in 2014. The decision of Serbia, the biggest former Yugoslav republic, to slash interest rate for a consecutive second month surprised everyone as it unexpected one both the times.
Oil Search Ltd rejects $8B takover offer by Woodside
Oil Search Ltd has refused the $8-billion takeover bid made by Woodside Petroleum Ltd, the biggest energy company in Australia. The rejection has turned out to be a major hurdle for Woodside Petroleum as the energy major is exploring low-cost LNG assets in Papua New Guinea (PNG), a nearby neighbor of Australia.
German industrial output gains points, most intense in July
The output for German industry soared for the month of July at its quickest rates so far this year, shown by the data from the Economy Ministry on Monday. This means that Europes's biggest economy was powered even at the beginning of Q3 according to Reuters.
Rose Gold iPhone makes its debut
Apple has recently launched the new phone with much cacophony with a built-in new camera and pressure-sensitive display. The only thing which is new to the eye is its very pink rose gold colour and tiny "S" on the back, as reported by the Independent news.
Latest News
Next month, Iran is going to reduce prices for all its oil grades export to Asia, according to two people who knew the decision. There will be a reduction on the premium on its main light crude over the similar Saudi blend to the narrowest since the end of 2012 as reported by Bloomberg.
Single people who were never married have lesser Social Security filing option. But still, you have to understand what they are and which one fits your needs best, according to Forbes.
China faces risks of deflation, as manufacturers' selling prices fall for the 42nd consecutive month in August. The Producer Price Index (PPI) shed 5.9% from a year earlier, much worse than market expectations of a 5.5% decline.
The Australian dollar has slightly recovered after Australian employers created more jobs than what economists forecasted last month, pulling down the unemployment rate. According to Bloomberg, the Australian dollar was at 69.70 U.S. cents as of 11:38 am in Sydney on Thursday, down by 0.7% from the previous day. It had been at 69.53 cents just before the statistics bureau announced the number of employed in Australia climbed to 17,400 in August. An increase of 5,000 jobs is expected by analysts, according to the median estimate in a Bloomberg survey. The rate for the jobless went down from 6.3% to 6.2 % in July.
Qualcomm has revolutionized the drones and now aims to be the go-to chipmaker for this technology with its latest Snapdragon Flight. Drones may have its legal issues, but it has come a long way as a consumer technology. Drones are now convenient, easy to use, and look slicker. Now, Qualcomm plans to take it up a notch with their new Snapdragon Flight, which runs with the processor that power most prominent smartphones in the world.
Polish mobile network operators Plus and Play are for the scraping of the government's plan to shorten the bid period for the high-speed Internet frequencies for fear that it would penalize some bidders.
Flower Foods Inc. has made the decision to acquire Alpine Valley Bread Company which is a family-owned natural bread producer for $120 million in cash and stock as reported by Source Media.
At a time when anti-immigration groups in Germany are raising voices against the influx of immigrants in big numbers, the debate on whether immigrants would be a burden or beneficial on the economy remains vibrant.
Financial advisers increased basic pension services fees over the year after freedom reforms, according to new study. This is Money reports that financial advisers raised the cost for pension help by 16 to 17 percent. To get advice on how to turn a £100,000 pension pot into a lump sum, advisers increased their fees to £1,750 from £1,500. Meanwhile, the fee for a drawdown scheme for £300,000 pot has increased to £3,500 from £3,000. These are the middle figures from adviser website unbiased.co.uk from October 2014 to July 2015.
