UK-based Oil giant BP Plc plans to trim 4,000 jobs in its crude-oil production unit as crude oil price slump.
Sectors
Trader Joe's recalls Raw Cashew Pieces over fear of salmonella contamination
Trader Joe’s recalled all its Raw Cashew Pieces in stores in 30 states on fears of one group may have Salmonella contamination.
French president puts country under state of emergency, promises to redefine economic model
France is now under “a state of economic and social emergency”. To keep up with the world's economy, French President Francois Hollande also unveiled a 1-billion-euro budget.
Hong Kong Dollar falls to 4-year low after dropping to a 10-year low a few days ago
The Hong Kong dollar fell for four straight days to a four-year low of 7.8040 against the US dollar Tuesday morning, due to outflow of US dollar capital from the region and its weakening economy.
Netflix Global Growth Faces New Threats
Netflix global expansion faces a new threat. Video streaming providers around the world are starting a global alliance to hinder its further international expansion.
Latest News
Honda showcases its newly redesigned 2017 Ridgeline during the Detroit Auto Show last Monday. The new pickup truck design makes the owner forget that they are riding a unibody platform.
The Bank of Canada is expected to cut interest rates on Wednesday and not many are favoring the move. Many are worried that the rate cut will damage the already weakened Canadian dollar, among other worries.
HBO planned its Internet channel in Spain at the end of this year, enabling people in Spain to access HBO streaming service. The company will challenge Netflix at new vanguard of European market.
Venture capitalist poured a total of $37 billion worth of funds to start-ups in China in 2015, making it the biggest challenger to the leader in the Tech industry, which is the US.
Developers of revolutionary products with $1 billion in valuation are called unicorns, and there are so many of them sprouting. Most of them are in California. There are some who fear of another bubble, but most dismiss this forecast.
Nickel and copper lead the gains on the London Metal Exchange as Chinese equity market gained, which calmed concerns over financial turmoil in the world’s second largest economy.
Apple has won a court verdict regarding trade banning on certain older Samsung handsets. The verdict has been appeared as a long cherished Apple appeal. But since the matter relates to smart phones, so industry insiders prefer for negotiation instead of imposing court injunctions. This is because of the fact smart phones require others’ features to include on payment basis for continuous development of products to sustain in the competitive market.
The last time gas price in Michigan was at 47 cents was in 1973. As gas price continues its plunge, gas station in Michigan sold oil as low as that of 43 years ago on Sunday.
Canadian stocks market dropped as continuing plunge of oil price brings down the energy companies stocks. Meanwhile, two Calgary-based oil companies are merged under Suncor Energy Inc.
