H&M, considered the world's second largest retailer of fashion items, reports a sales rise of 16% for the month of July. According to the report, it is already their tenth consecutive month of enjoying sales rise of at least 10 percent. H&M in its press release said that it will release its updated third quarter report on September 15 of this year.
Regions
McDonald's hit with labor and tax malpractice allegations during Brazil hearing
Fast-food giant, McDonald's was recently hit with allegations suggesting that the company has been avoiding making tax payments and abusing their employees during a hearing held in Brazil.
IMF dashes hopes of China; Yuan still out of fund's currency basket
The world's second largest economy China has to wait for one more year to make its currency 'Yuan' a part of International Monetary Fund's (IMF) currency basket. Dashing the dragon country's hopes, IMF's board favored a decision to keep renminbi as it is until 30 September 2016 year.
Big Data in Food Production: FarmLogs helps farmers increase crop yields using flow sensors and satellite imagery
FarmLogs CEO Jesse Vollmar has come up with a monitoring solution that would utilize significant data to improve production of crops through cloud computing.
European bailout fund grants release of aid to Greece
The first tranche of the bailout package for Greece has been released. The European Stability Mechanism board approved the release of €26 billion ($29 billion) Wednesday after assemblies of creditor nations, including Germany, endorsed the package.
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Hyundai and Kia Motors reportedly changed their China executives after sales in China significantly reduced. The company plans to improve its selling strategies to cope with the ever-changing needs of the Chinese market with the help of new executives.
Startup companies centered the stage at a two-day demonstration organized at the Computer History Museum in Mountain View, California. Hardware technology was highlighted as 20 hardware inventions were featured accelerating ahead of the usual mobile app startup.
German car manufacturer Volkswagen placed thousands of car owners at risk of being electronically hacked by blocking the results of a white hat study about the security of their vehicles' electronic systems in European courts.
Adidas extended its contract with Indiana University for the next eight years, giving IU $6.7 million annually, which is twice the amount compared to their previous deal. The deal worth $53.6 million in total is good until 2024. The ten-year previous contract between IU and Adidas will end after this academic year.
Adverse conditions in the global markets took a toll on Norway's Pension Fund, the world's largest sovereign fund, in the second quarter.
The growth rate of new businesses in the U.S. is particularly slow, but the latest government data shows that the number of women-owned firms has increased quite significantly.
Reacting to the New York Times investigation report on the world's most valuable online retail major, many Amazonians came down heavily condemning the report. New York Times website is flooded with comments from employees at Amazon.
Education promises a brighter future. But for most of the students in the country, it means a $35,051-worth of student loans after graduation. In America, there are 40 million borrowers that collectively own more than $1.2 trillion. Out of all the borrowers in the country, some 8 million default on their debt.
If you need to invest on new markets and add them to your investment portfolio, you only need to keep one thing in mind: cost. According to Forbes.com there are about 1,500 ETFs or exchange-traded funds in the market today.
