The second largest U.S. newspaper chain will soon add two newspapers in California. Digital First Media gain the advantage after Tribune Publishing faced regulatory hurdle to acquire Orange Country .
Regions
FanDuel and Draft Kings Will Stop Operations in New York
Fantasy sport games FanDuel and Draft Kings will stop their paid contests in New York. The companies will wait for regulation to legalize their operation.
Chinese Central Bank Governor Warns Over Rising Debt Levels
The Chinese central bank governor has warned over rising debt levels. To tackle the abnormal situation, the central bank feels necessity for promulgation of regulation guarding excessive leverage in foreign currencies. Meanwhile, the Chinese government vows to respond according to the call of time.
Duke Energy Turns Swine, Poultry Wastes Into Electricity
Duke Energy will buy biogas produced from swine and poultry wastes. The biogas will then be converted to electricity that could power up about 10,000 homes yearly. Duke Energy works with Carbon Cycle Energy to make the project successful.
Saudi Arabia to takeover largest US refinery
Saudi Arabia's state-owned oil major Aramco will takeover Port Arthur Texas refinery in the US. Saudi Arabia will refine its oil shipped from Middle East at Port Arthur refinery and also sell it in the huge North American market.
Latest News
Nowruz is the day of vernal equinox that marks the beginning of spring in the Northern Hemisphere. A ancient Persian celebration which dated back in the Zoroastrian tradition was celebrated on Sunday.
A black market for dollars has absorbed liquidity from the Egyptian banking system over stressing country’s foreign reserves. Egyptian pound has been weekend ignoring several steps adopted by CBE. Finally, it has started mulling to enact tougher regulations on regulating the foreign exchange market.
London Stock Exchange has been considering for holding a consensus poll on its proposed controversial £21 billion merger deal announced on Wednesday. Deutsche Boerse CEO has warned of possible American investment if the proposed deal fails to take place. However, the information of polling has fueled debates while analysts consider those as irrelevant.
Bethany Mota, the YouTube and Instagram star may be the last hope to help Aeropostale. The retailer can bring millions of Mota's follower in Instagram and YouTube to the store.
The British central bank has voted on Thursday to maintain a low interest rate. The uncertainties regarding and weak global trade outlook has made the committee to decide to maintain low interest rate.
German discount retailer Aldi will hire 700 apprentices this year, twice of its recruitment in in 2015. Aldi has set a target of 1,000 stores in the UK by 2022.
Financial analysts David Iben-led Kopernik Fund is passing through a totally reverse situation as its performance is soaring from bottom to the top with rising valuations. The $682-million Kopenik Global All-C fund recorded a 15 percent growth in 2016 so far ahead of 99 percent of its peers.
India is seeking World Trade Organization's (WTO) intervention over increasing visa fees by the US. The visa fee for H-1B has been doubled to $4,000 and it's $4,500 for L-1 visa, as fixed by the US government.
Chinese consumers are spending more on spa visits, travel and entertainment as income levels are on upward movement. The consumer spending is expected rise 10 percent annually for the next decade.
