The weakening business confidence coupled with global economic challenges is impacting the UK manufacturing sector in more negative way. Despite odds forecast for 2016, majority of manufacturing firms in the UK are going ahead with their investment plan for technology and innovation. About 44 percent of UK companies participated in a survey expressed their concerns about challenging 2016 year.
Sectors
Chipotle faces investor lawsuit over non-disclosure of food quality control amid E. Coli outbreak
A group of investors filed a class-action lawsuit against Chipotle for allegedly misleading them about the company’s health control.
Buick unveils sporty Avista concept car, with 400 hp capabilities
General Motors' Buick brand unveiled during the Monday Detroit Auto Show its new sporty Avista concept car, which pumps a 400 horsepower.
Ford Announced Extra $1 Billion Dividend
Ford Motor Inc. declare supplemental cash dividend of $1 billion. In 2016, the company expect to earn as much as last year.
Millennials prefer rented accommodation in London
Rents in London were up over eight percent, while overall national average was 4.8 percent in 2015. Majority of millennials prefer rented accommodation rather than buying a house or flat. Millennials are not bothered about maintenance works and other mortgage tension these days. The Generation Rent also considers buying a property is very expensive.
Latest News
Lithium-ion battery has a problem when it overheats. Researcher in Stanford University have invented a lithium-ion battery that shuts down when it starts to overheat.
Amazon.com expand its business to delivery service. The company will fully acquire French delivery company, Colis Privé. This acquisition will put Amazon head-to-head with FedEx, DHL and UPS.
Greece was the highlight in 2015 economy when the country's economic crisis continued to a political unrest. The country faces 2016 with uncertainty after disagreement with its creditors.
Chinese leading fashion e-commerce startup, Mogujie is taking over control of its rival Meilishuo. Both companies is expected to merge in an agreement that will involve a stock swap between both companies.
Investors sue KaloBios Pharmaceuticals Inc. to return $5.4 million of their investment. The investors were brought in by Martin Shkreli. KaloBios Pharmaceuticals Inc. filed for bankruptcy in late December.
Economists express concerns over the repetition of property bubble in the US market as it's overvalued. Analysts estimate that the real estate is overvalued in the range of 25 percent to 60 percent considering the average price and average income in a particular area. However, the US property market is attracting more foreign investment and it's forecast to be higher than in 2015.
Apple has revealed a glitch in its News app causing the company with lesser number of visitors count compared to the reality. However, Apple is reportedly to be working on the problem and it will be solved soon.
After the cancellation of short-term credit facility from Citigroup, South African Airways is in the process of getting guarantee support from the government. South African Airways has had seven CEOs during the past three years. The National Treasury is exploring ways to restore financial support to the airline and will restructure the board as well.
South Africa plans to import 5 million tonnes of white corn from South America as the worst drought since 1992 continue to ravage the area, according to Grain SA, the biggest producers association in the country.
