For a quicker and consumer-friendly remittance service, Visa Inc is working on a proof of concept for Blockchain-based remittance system through its subsidiary Visa Europe.
Europe
IKEA Reaches Out to Refugees By Providing Them with Shelter: Company cuts down profits
The war-torn countries around the globe have been forcing fleeing of the locals to nearby countries. The large percentage of refugee migration has principally been seen from war struck countries like Syria, Iraq and Afghanistan since World War 2. Recently, millions and millions of Syrian refugees fled for shelter in their neighboring countries, but alongside their lives lack many other basic needs.
Swedish researchers created an electronic rose
Researchers at Linkoping University Sweden have created the analog and digital circuit inside living plants. Using the vascular system of a living rose as the model, they made the key elements of an electronic circuit inside the living rose and light up ions inside the flower's leaves.
Europe recession looks enduring, warns think tank
Europe recession looks enduring, warns the IPPR report. It said the severe unemployment and underemployment in Europe are signals of an alarming situation about the deepening recession.
Britain's weirdest, but highest paid jobs
There are unbelievably weird jobs popping up in Britain that pays a ridiculously high amount of money. According to Unum, looking for the right candidates for these particular jobs may take time since they require more specific skills compared to other typical work. One example is the tea taster, which requires the applicant to be good at identifying the different ingredients in a cup of tea.
Latest News
Online shopping has not been limited to non-perishable goods, clothes and beauty products. The continuously growing online demand for perishable products has raised the competition level among many shopping retailers, who are struggling to maintain their position by offering affordable packages.
London-based low-cost airline carrier, EasyJet is expected to post its highest annual profit to date next week as analysts estimated that increasing customers over the year will contribute greatly to the company.
The Russian economy slipped 4.1 percent during the third quarter as against the drop of 4.6 percent in the second quarter. The consecutive third quarter of contraction signals recessionary situation in the Russian economy.
Eiffel Tower is closed for an indefinite period of time after the bloody Paris attack on Friday, Nov.13 that killed at least 129 people. The announcement was made by the operator on Saturday.
Analysts are expecting some sell-off in the stock market today as investors are expected to be cautious after the Paris attack. However, the market seems to be resilient from the attack especially the French market as investors seem to refuse to panic despite the attack.
The Treasury has sold worth of 13 billion British pounds of Northern Rock mortgages to a US private venture firm in what is thought to be the greatest ever budgetary source deal by the European government.
The pound fell without precedent for the first time in four days against the dollar amid speculation Federal Reserve authorities speaking Thursday will set the stage for a U.S Interest-rate increment in December.
Registering slowest growth rate during the past nine quarters, Hungary's economy growth rate was weakest during the third quarter ending September as agriculture production drop impacted the gross domestic product (GDP) significantly. The stagnant construction activity coupled with underscoring risks to the government's capacity to keep up the economic momentum has been adversely impacting the GDP growth rate.
Aeroflot agreed to take over its closest competitor Transaero Airlines as the country's economic woes shake the industry. And to help support homegrown companies in the middle of a downturn, the government is urging Aeroflot to purchase the new Russian Superjets by Sukhoi.
