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.
Europe
France's Air Traffic Controllers' Strike Sparks Over 300 Flight Cancellations Amid Travel Chaos
Airline passengers experienced a day of travel chaos as numerous flights were canceled due to concerns about potential worker walkouts in France.
Norway Airspace Shuts Down for Several Hours Following Technical Glitch
A technical malfunction in Norway resulted in the temporary shutdown of airspace over the country's southern region, causing significant disruptions at Oslo Airport...
Hugo Boss Is Finally Leaving Russia After the German Fashion House Agrees to Sell Russian Business to Stockmann
German fashion house Hugo Boss announced Wednesday that it had agreed to sell its Russian operations to wholesale partner Stockmann, marking the end of its presence in Russia...
TikTok Voluntarily Suspends New App's Task and Reward Program After EU Regulators Express Concern Over Addictive Effects Among Young Users
TikTok plans to take down a feature that incentivizes app users in France and Spain to watch videos, following regulatory scrutiny from the European Commission...
Top BBC News Anchor Resigns on Medical Advice 9 Months After Scandal Involving Sexually Explicit Photos with Teenager
Huw Edwards had been the BBC's leading presenter throughout major even...
Russia's Surprising Economic Strength to Last Another 18 Months Despite Western Sanctions and Ukraine War, Think Tank Says
A Washington DC-based think tank said Russia will maintain its economi...
Latest News
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 c
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
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 20
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 restr
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.
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
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
Bugatti partnered with Palmer Johnson to create $3.5M super-yacht
Bugatti partnered with Wisconsin-based Palmer Johnson to develop an open-superyacht called Niniette, which costs $2.1 million to $3.5 million.
IDC: Worldwide Smartphone Market Will See the First Single-Digit Growth Year on Record
On Thursday, the new market forecast said that global smartphone sales growth will cool to single digits for the first time amid the China's economic slowdown. IDC predicted the 9.8% increase in globa
