Weather New York, NY +85°F

Europe

Texas Oil Companies Work To Adapt To Falling Oil Prices

Brent Crude plunges below $30, Lowest Since 2004

Brent oil prices fell on Wednesday, dropping below $30 a barrel to touch $29.96 for the first time since April 2, 2004.

Read Full Article
Leading UK Supermarkets Compete For Their Share Of The Market In The Run Up To Christmas

Sainsbury holiday sales meet forecast on non-food revenues

UK's second largest retailer J Sainsbury Plc registered revenues for the third quarter as per the forecasts. The total retail sales of Sainsbury were up 0.8 percent excluding fuel and were down 0.7 percent including fuel as against the analysts' average forecast of 0.6 percent decline for the quarter. However, Sainsbury has surpassed the forests for Christmas sales.

Read Full Article
Santa Claus Visits Migrants Shelter

UN needs $500-mln fund requirement for Syrian children education

The United Nations (UN) has received funding of $250million and needs additional $500 million for education programs for over one million Syrian children. Gordon Brown, the former UK Prime Minister and UN envoy for global education, is committed to mobilize money in next month. Brown has decided to raise money from the World Economic Forum (WEF) in Davos and other international conferences.

Read Full Article
Day Two At The Singapore Airshow

AirMule Drone Ambulance Successfully Made Its Test Flight

Israeli's Tactical Robotics Ltd. has successfully conducted another test flight for AirMule Unmanned Aerial Vehicle (UAV) last month. The drone is designed for search and rescue operation in an area which is unaccessible for helicopter.

Read Full Article
Behind The Scenes At The Bristol Airbus Factory

2016 may be tough for UK manufacturers as confidence eases

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.

Read Full Article
FRANCE-RETAIL-AMAZON-CHRISTMAS

Amazon.com to Acquire Colis Privé, Competing with FedEx, DHL and UPS

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.

Read Full Article
European Leaders Attend The European Council Meeting In Brussels

Update of Greece Economic Crisis in 2016

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.

Read Full Article
Tribune Media To Sell Iconic Tribune Tower In Chicago

Will Overvalued US Real Estate Burst Anytime?

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.

Read Full Article
Increase In Council Houses Being Bought Through Right To Buy

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.

Read Full Article
Currency Rate

Yen retreats after higher guidance on Yuan

After rising over three percent recently, Japanese Yen eased after the strong guidance on Yuan by China's central bank. The Greenback against Japanese currency fell to its lowest level since August 2015. Several emerging economies' currencies were reeling under pressure.

Read Full Article
Credit Suisse

Credit Suisse gets nod for Irish branch

Credit Suisse has received regulatory approval for opening its new branch in Ireland. The Swiss bank is setting up a new branch in Dublin as part of its cost reduction exercise. Credit Suisse is restructuring its securities trading and prime brokerage operations. Credit Suisse is in the process of meeting capital requirements and improving shareholder returns.

Read Full Article
Smartphone

Smartphones to become obsolete in 5 years, Artificial intelligence will take over

Swedish telecom expert, Ericsson, has claimed that artificial intelligence will soon become the mode of interaction and communication overpowering smartphone in the next 5 years.

Read Full Article
Sir Paul Smith

Designer Paul Smith reorganized his fashion empire after worst performing annual profit

Britain fashion icon Sir Paul Smith revamped his company after annual profits plunged 50 percent into the lowest levels since its 40-year existence. This Is Money reported that Smith said his fashion empire needs a "kick up the backside." He said been streamlining the brand's clothing ranges, shut down to stores, and made some managers redundant. The company's pre-tax income went down £9.7million this year ending June, a decrease from last year's £20.7million.

Read Full Article
Euro notes

Bewildered Police found Thousands of Euros Floating in Danube River

The Police of Austria has been left bewildered after they found thousands of euro banknotes floating in Danube River. Soon after the discovery, police officers called all the banks of Danube in Vienna. During this euro rescue mission, bystanders observed an anonymous boy jumped into the river.

Read Full Article

Subscribe to VCpost newsletter

Sign up for our Deals of the Day newsletter.
We will not spam you!

Real Time Analytics