Regions
Volkswagen recall starts in January 2016
Volkswagen recently faced a devastating dilemma with its scandal emission and the resignation of its CEO Martin Winterkorn. Now, VW has announced a recall of its affected vehicles as it aims to complete the repair by end of 2016.
Hillary Clinton criticizes Trans-Pacific trade pact
Hillary Clinton, the US Democratic Presidential candidate, has raised her voice against the 12 nation Trans-Pacific Partnership (TPP). Clinton said the agreement is not enough to keep tabs on currency manipulation or protecting consumers from high drug prices
Major US banks account for 20% of debts in Glencore
The major banks from the US have exposure to the debt of ailing commodity giant Glencore Plc. Bank of America, Citigroup, JPMorgan Chase and Morgan Stanley have reportedly lent $350million apiece to Glencore. North American banks contributed 20percent of the total loan exposure of Glencore. The ongoing slump in commodities market adversely impacted the Swiss-based Glencore's performance. This indicates potential alarming situation for the American banks if embattled Glencore slips into a liquidity crisis. Glencore is engaged in commodity trading and mining activities.
2015 Nobel Prize in Medicine awarded to 3 scientists for drug discoveries from nature
Discovering antidotes and treatments from common to deadly diseases is a major breakthrough. Thanks to these three scientists who found a cure to get rid of parasitic diseases that has been a plague to mankind for centuries.