South Korea Joins Digital Economy Partnership, Boosting Global Digital Trade Initiatives

South Korea joins the Digital Economy Partnership Agreement (DEPA), boosting global digital trade initiatives.


Uranium Stocks Surge But Ban on Russian Supplies Might Have Dire Effect to US Economy, Expert Warns

The ban on US imports of Russian uranium is expected to shake up the nuclear power industry and push prices back beyond $100 per pound for the fuel, which has been in short supply...

EU Vows $1 Billion Aid for Lebanon Amid Spiralling Economic Crisis

The European Union has recently unveiled a substantial aid package of 1 billion euros, approximately $1.06 billion, aimed at addressing the challenges faced by Lebanon...

Goldman Sachs Removes Bonus Cap for UK Bankers

After the UK removed local pay restrictions for bankers last year, Goldman Sachs was the first to remove its bonus cap for its bankers...


Latest News

Capital outflows to push emerging markets into crisis, cautions IMF
International Monetary Fund (IMF) has warned that slower growth rates among emerging markets are causing cash outflows and could cause another bout of crisis. Narrowing differential in growth prospect
US oil prices up 5% on surprise drop in crude stocks
US oil prices gained 5.18 percent owing to an unexpected drop in domestic crude stockpiles. US crude stocks eased by 4.9 million barrels last week as imported declined.
Angola Seeks IMF Help as Oil Price Hit The Economy
The second largest oil producer in Africa will start negotiate with IMF next week for a bailout program. Continuous drop of oil price hit Angola economy after years of prosperity from oil production.
15% drop in Yahoo revenues predicted for 2016
Yahoo Inc’s revenues may drop by 15 percent for 2016 year, while earnings are also predicted to tumble 20 percent. The global internet company is expected to slash jobs by 1,500 to 9,000 in 2016.
Flywheel Raises $4 Million Series A Fund From Investor Group Led By Five Elms Capital & Others
After started rolling in 2013, Flywheel, a blog management service providing startup has raised $1.2 million seed fund around one and half year ago. Now, the startup has raised another $4 million Seri
Carmichael Coal Mine's Proposed $21.7 Billion Project Could Bring Destruction to The Great Barrier Reef
The Carmichael coal mine run by the Indian company Adani, has been granted three licenses to mine in the heart of Queensland. Due to the devastation that it could bring to the Great Barrier Reef, man
Goldman Sachs-backed CompareAsiaGroup gets new CEO Sam Allen
Goldman Sachs-backed consumer finance startup CompareAsiaGroup got its new CEO Sam Allen. In 2015, CompareAsiaGroup closed a Series A round of funding led by Goldman Sachs and is planning to go for a
Free Access to Online and Mobile Edition of SCMP: Alibaba’s Signature Footstep of Acquisition
Alibaba Group has completed acquisition of South China Morning Post. To put a footstep with revealing the acquisition, readers have got free access to the once subscribed online newspaper. The move al
Canadian Pension Fund to Acquire 40% Stake in Agriculture Unit of Glencore For $2.5 Billion
Glencore is possibly nearer to a deal with Canda’s largest pension fund to sell 40% stake in its agriculture business. CPPIB has agreed to pay $2.5 billion against a total valuation of $6 billion. How
Nvidia Unveils First Supercomputer DGX-1 Using A Mixed Blend of AI and Deep Learning Technology
Nvidia has unveiled its first supercomputer, DGX-1, which uses both alternative intelligence and deep learning technology. The supercomputer, costing around $129,000, by no mean suggests that newer te
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