With an objective of boosting economic growth, Serbia has slashed interest rate for a consecutive second month. The inflation rate is below the government's target and GDP growth rate was also eased in 2014. The decision of Serbia, the biggest former Yugoslav republic, to slash interest rate for a consecutive second month surprised everyone as it unexpected one both the times.
Sectors
Kuwait's Zain telecom giant dials in margin push investment
Kuwait telecom major Zain has decided to invest in technology firms that boost the weakening margins following the sluggish subscriber numbers and drop in revenues. As part of its investment strategy to boost margins, Zain will invest in two digital advertising companies. Zain is also focusing on smart city projects, online advertising, and television services.
Is Jeb Bush really anti-Wall Street?
Jeb Bush in his latest speech and in his article in The Wall Street Journal (WSJ) came down heavily on 'Carried interest' of the corporate big shots while maintaining focus on tax structure. As part of the tax reform plan, his aim to using capital gains tax rate is also raising many eyebrows. Market analysts forecast that the move would pinch Wall Street's wallet significantly.
Ex-Hyundai CEO John Krafcik joins Google Self-Driving Car project as chief executive
Google named John Krafcik, a former Hyundai Motors CEO, as the new chief executive for its self-driving car. Krafcik will serve the company later this month. John Krafcik, a former CEO of Hyundai Motors will join Google as the chief executive to handle its self-driving car. Krafcik is currently the president of TrueCar, an eCommerce site for automobiles. He's also been a chief engineer of Ford.
Mark Zuckerberg to host Facebook Townhall Q&A with Indian Prime Minister Narendra Modi
Facebook CEO Mark Zuckerberg invited India's Prime Minister Shri Narendra Modi for a Q&A session on Facebook HQ in California. The event will be held on September 27, 9:30 am PST.
Latest News
The output for German industry soared for the month of July at its quickest rates so far this year, shown by the data from the Economy Ministry on Monday. This means that Europes's biggest economy was powered even at the beginning of Q3 according to Reuters.
Apple has recently launched the new phone with much cacophony with a built-in new camera and pressure-sensitive display. The only thing which is new to the eye is its very pink rose gold colour and tiny "S" on the back, as reported by the Independent news.
Periscope, the popular Twitter live-streaming app, updates its version with new features including landscape mode, private broadcast options and Facebook sharing.
Cabbie protesters interrupted Stephen Colbert's The Late Show interview with Uber CEO Travis Kalanick. The episode was cut short on Thursday. Drivers are accusing Kalanick of destroying their profession.
Next month, Iran is going to reduce prices for all its oil grades export to Asia, according to two people who knew the decision. There will be a reduction on the premium on its main light crude over the similar Saudi blend to the narrowest since the end of 2012 as reported by Bloomberg.
China faces risks of deflation, as manufacturers' selling prices fall for the 42nd consecutive month in August. The Producer Price Index (PPI) shed 5.9% from a year earlier, much worse than market expectations of a 5.5% decline.
The Australian dollar has slightly recovered after Australian employers created more jobs than what economists forecasted last month, pulling down the unemployment rate. According to Bloomberg, the Australian dollar was at 69.70 U.S. cents as of 11:38 am in Sydney on Thursday, down by 0.7% from the previous day. It had been at 69.53 cents just before the statistics bureau announced the number of employed in Australia climbed to 17,400 in August. An increase of 5,000 jobs is expected by analysts, according to the median estimate in a Bloomberg survey. The rate for the jobless went down from 6.3% to 6.2 % in July.
Qualcomm has revolutionized the drones and now aims to be the go-to chipmaker for this technology with its latest Snapdragon Flight. Drones may have its legal issues, but it has come a long way as a consumer technology. Drones are now convenient, easy to use, and look slicker. Now, Qualcomm plans to take it up a notch with their new Snapdragon Flight, which runs with the processor that power most prominent smartphones in the world.
Polish mobile network operators Plus and Play are for the scraping of the government's plan to shorten the bid period for the high-speed Internet frequencies for fear that it would penalize some bidders.
