Slumping oil prices take its toll on the Canadian economy. Canada is now officially in a recession for the first time in six years, as crude prices plummet due to supply glut and falling global demand, particularly from China.
Sectors
The rise of Robo Advisors in wealth management
There are a growing number of automated advisory platforms, which allows investors to purchase investment products without human interaction. But is the world ready for the rise of "robo advisers?"
Introducing Intel’s Skylake processor
Intel mentioned that the chips will be compatible for most devices including tablets and gaming PCs. According to the company, the new processor is by far their fastest. Skylake is so fast, it can start up a Windows 10 PC four times faster than regular.
Greece elections: Clear mandate holds the key on $96-bn bailout package
Greece is set for elections on 20 September this year. Judge Vassiliki Thanou is the care taker Prime Minister till the new government is formed. Thanou was sworn in on last Friday and became the first female Prime Minister for Greece.
Apple to move into original programming and compete with video streaming companies
Apple Inc is reportedly moving into the original programming business to compete with Netflix and other video streaming companies.
Latest News
Valeant Pharmaceuticals, Inc. of Canada has partnered with AstraZeneca for the selling rights of psoriasis drug brodalumab. Amgen Inc. ended its partnership with AstraZeneca due to its worries over the drug's side effects.
After launching Android Wear back in March 2014 and seeing how Apple watch sales performed after their release, Google had decided to release an app that will allow their smartwatch that is already in the market to perform a twist. Android Wear will be iOS compatible.
A study conducted by Interpol and the United Nations said that only 33% of Europe's electronic wastes is correctly recycled. A large number of these electronic wastes include computers, cellphones and televisions that are dumped or traded illegally.
Several measures gauging the manufacturing industry activity are showing discouraging results. The latest manufacturing gauging index slipped below 50, which indicates the deceleration in the manufacturing industry, falling to 49.7 in August.
A group of wealthy internet entrepreneurs and investors in China are putting their money on NextEV, a rival to U.S. electric car manufacturer Tesla Motors Inc.
E-commerce startup Jet.com which was launched on July 31 had raised $225M only by this month. The new company was valued $600M and is now competing with Amazon.com.
Copper price slipped below $2.40/lb (1lb=453.59265gm), a key support level, and was trading at $2.3260. With the $2.4 level becoming the key resistance level, the copper price needs to break this level to gain upward movement.
Disney's plans to push Star Wars merchandise with such great force is headed certainly headed to success. Last year, Frozen merchandise sales brought Disney massive success, giving its segment revenue a double-digit growth. But Star Wars merchandise won't be the same as Frozen, because of the demographics.
The crisis-hit European nation Greece is heading towards privatization of its energy sector. The country is also in favor of reforms in several sectors to give a new life to the ailing economy.
