Gold Distribution and Gold ATM Vending Company, Zen Gold, is under heavy fire from Tony Hetherington. The British Entreprenuer claims that his investment in the gold company turned to dust.
United States
Egyptian billionaire Naguib Sawiris plans to buy an island for Syrian refugees; wants to name it 'Ilan'
Naguib Sawiris, the third richest man in Egypt announced he wants to buy an island either in Greece or Italy to relocate refugees from the war zone, Syria. He wants to name it 'Ilan' to remember Aylan Kurdi, the Syrian boy drowned on Turkish shore.
Jessica Alba's Honest Company Faces Lawsuit for Allegedly being "Dishonest" on its "Natural" Products
Jessica Alba's non-toxic household and beauty products business, The Honest Company, is being sued for "dishonesty." Jonathan Rubin filed a class action suit in the federal court of California against Alba's company for allegedly making false claims that their products are "natural." He also said some of the products weren't effective. Some of the products the lawsuit targeted included dish soaps, surface cleaners, nappies, and the company's sunscreen. Rubin claims that some of those products have synthetic chemicals, making them not "natural" as reported by International Business Times.
China's economic distress is risk to global economy: IMF and ECB
After the market downfall from the previous weeks, IMF and ECB gave a warning on the effects of China's deceleration. Both European Central Bank and International Monetary Fund admonished the risks of economic growth from China's slowdown and other establishing markets.
G20 to hasten economic reforms, says cheap credit not enough
The International group of governments and central bank governors from 20 major economies agreed Saturday to hasten slow growth, saying the low interest rates will not be enough to accelerate economic improvement, but they are optimistic that growth will happen.
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In its effort to increase advertisement revenue, Twitter announces a global expansion for their self-service ads platform. According to Twitter, the service will now cover more than 200 countries from the previous only 33 countries.
Under Armour, Nike's biggest competitor in NBA sponsorship announced that they had signed a new deal with NBA. The deal according to USA Today, will make Under Armour the new NBA's partner for Jr. NBA and NBA Draft Combine. The deal means that future stars created from this program can be spotted early on by Under Armour and will be endorsed by them.
Tumblr, a microblogging website designed by David Karp has redesigned its reblogging feature. The reblog button which is the most use feature on Tumblr that allows the user to repost content from another website to their own will become more mobile friendly according to Fortune.
A reversal of roles takes place at Volkswagen AG, with the selection of its chief financial officer, Hans Dieter Pötsch, as chairman. The appointment dashes the hopes of Pötsch's current boss, Martin Winterkorn, of being chairman himself.
There may be a big drop in unemployment rate, but U.S. still fails to calm markets with the big possibility that the Federal Reserve will increase interest rates. According to Telegraph UK, U.S. unemployment rate dropped to a seven-year-low last month. According to data from the US Labor Department, unemployment rate went down 5.1pc in August, the lowest it has been since April 2008. This is also a level that the Fed considers to indicate "full employment."
When stock markets tumble, bonds gain momentum and vice versa. But, this time it's a different picture. Contrary to market expectations, bonds market couldn't pick up when equities across the global market dropped in August.
Don't put all eggs in one basket - this is basic investment principle in portfolio diversification. But keeping eggs in so many baskets will also not give the desired results, alert analysts.
T-Mobile has recently announced that video calls will be a built-in feature on selected T-Mobile smartphones. T-Mobile confirmed that it will roll out the exciting feature to the Samsung Galaxy S6 Edge+ and the Samsung Galaxy Note5 starting now, while the Galaxy S6 and Galaxy S6 Edge will have to wait until next week.
Apple once again proved to be the leader in the getting the highest sales for smartphones in the U.S. market. comScore, a digital media analytics, reported that Apple's iPhone continue to leave its competitors behind having a 44.2% of all American smartphone users with an increase of 1.1% from 43.1% it held in April of this year.
