Media reports on Sunday reveal Iran's plans to buy up to 300 units of Boeing and Airbus planes to replace its antiquated fleet by purchasing at least 90 planes annually. An official of Iran's civil aviation agency projected that Iran would need between 400 and 500 planes in the next ten years.
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Your network is equal to your net worth: Soon, Facebook can approve loans based on your friends' credit scores
Facebook patented a social network system that could advance search results, identify spam messages and sort offensive topics. It could also distinguish if a potential borrower is capable of paying debts through the user's network connections.
Greek stock market plunges sharply after re-opening
A black Monday for Greece's stock market. Its benchmark Athens Stock Exchange Index ended the day 16% lower after it re-opened for the first time in five weeks.
Trouble in the North: Canada's economy continues to shrink
Canada is now facing its worst dilemma - a mild contraction, according to Stephen Poloz, governor of the Bank of Canada.
IMF review recommends delaying currency basket adoption of yuan
The International Monetary Fund should put off any move to add the yuan to its Special Drawing Rights currency basket until September 2016, an IMF staff report said, a move that would effectively end the Chinese currency's chances of an early inclusion.
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The continuous fall of peso currency is giving jitters to the Mexican economy. The second largest economy in Latin America is making all the possible efforts to prevent the arrest of its falling peso. It increased dollar auction level by almost four times to support the weakening peso.
Collapsing oil prices are prompting energy firms to lay off workers. Royal Dutch Shell and Centrica -- two of Britain's leading energy firms -- are cutting more than 12,000 jobs this year.
The chief executive of BMW hinted in a German paper that there was potential for another of its "i" electric car models.
The battle for Europe will be won or lost in Germany. On some days recently, it has looked like it might be lost. But that is to underestimate the deep German commitment to the success of European integration based on the rule of law.
Downward pressure on China's economy will persist in the second half of the year as growth in infrastructure spending and exports is unlikely to pick up, a senior central bank official was quoted as saying.
Germany's finance minister wants to correct the balance between the European Commission's political role and its regulatory powers, reflecting concern in Berlin over the EU executive's neutrality as its political clout grows.
China needs to ensure that risks presented by a slowing economy do not morph into social risks, the state planner said on Friday, acknowledging the problems the country faces should unemployment rise.
The creditworthiness of the world's largest economy seems to be drenched as US treasury has stopped issuing further debt citing reasons for reaching the borrowing ceiling.
The Amazon Dash, the dongle you can stick anywhere in your household for quick and convenient ordering, is now on sale exclusively for Amazon Premium customers only. Amazon will charge $5 for each.
