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Latest Industry News

China’s Megalopolis’s Momentum Back on Track: Youngsters Choosing Beijing Cities for Living
With growing number of youngsters relocating to Beijing cities, China’s megalopolis has gathered momentum, yet again. China has planned a well-articulated megalopolis to revamp its economy in the Northern region. China is well known for its dynamic construction industry. Economic developmen
Published Date: July 30
Deals Signed by Jaguar Land Rover for Car Manufacturing in Austria
Jaguar Land Rover (JLR) owned by the titan Tata Motors, stated that it has consented to an contract fabricating arrangement with Austrian car firm for automotive,  named  Magna Steyr in another stride to upgrade its overall production line and establish a world level designation. Magna Ste
Published Date: July 30
Motorola Will Possibly Set-Up Its Manufacturing Plant in India
There is an expanding interest for mobile in India, and this could be one of the reasons why Motorola, an organization of telecommunications that has manufactured products, for example, the MotoG handset, is considering setting up a manufacturing office in the nation, as indicated by NDTV. The organ
Published Date: July 30
Delphi Automotive Agrees to Acquire HellermannTyton
In a statement, auto parts supplier Delphi Automotive has agreed to acquire HellermannTyton Group, a British manufacturer of electronic cable equipment. The acquisition deal is worth US$1.7 billion and is expected to augment Delphi’s existing business of supplying electronic components to the
Published Date: July 30
Youxia Ranger X: Chinese Version of Tesla Model S
It seems that Tesla Model S has got its Chinese copycat in form of Youxia Ranger X. Ranger X is very similar to Tesla Model S and is powered by an electric motor producing 325 lb ft and 352 bhp. The electricity is provided by a battery pack installed under the floor of the car. The executive saloon
Published Date: July 30
Labor Agreement signed by CWA and Frontier in California
Recently, there was an agreement between the workers in California and Frontier Communications about managing a certain obstacle with regard to the completion of acquisition of the wireless business of Verizon. The California workers were represented by CWA (Communications Workers of America). CWA r
Published Date: July 30
Huawei Shifts Focus from Online-Only Policy to the Offline Strategy
China based telecom giant Huawei, recently quit the “online only” policy that it had introduced for its smartphones. The company intends on marketing its Huawei range of devices, offline too. And the premium brand of Honor phones will be sold via the online medium only. Several consumers
Published Date: July 30
New Technology from ST Promising Superior Performance with High Data Rates
STMicroelectronics latest technology called BiCMOS55 SiGe has now been chosen by the European initiative called E3NETWORK R&D in order to develop high capacity and energy efficient transmission systems for next generation mobile wireless networks. STMicroelectronics is one of the key companies o
Published Date: July 29
Samsung New Feature Allows Consumers to Delete Pre-installed Apps
Currently, Samsung is marketing programs that enable consumers in China to delete the pre-installed apps in the Samsung devices. According to Samsung, the consumers in China will be able to delete the apps that were pre-installed in the Samsung devices as Samsung had planned to offer software patche
Published Date: July 29
China Spring Teen Earns US$900 a Month from Pet Food Business
Raelynn Rhodes, only 17 years old, is gradually becoming a success story for the world. Raelynn Rhodes lives on a farm located nearby China Spring. Recently, she appeared on news after she launched a line of pet food. This product line is named Hank’s Natural Choice Dog Treats. Customers from
Published Date: July 29
Montreal Planning to Expand its Food Recovery Program across Quebec
Moisson Montreal’s partnership with the largest grocery chains across Quebec will help salvage hundreds of tons of foods which otherwise would be discarded.  Moisson Montreal is an organization that is working really hard to fight wastage of food and feed the hungry poverty-stricken re
Published Date: July 29
China to Control Global Cyberspace with their New Rulebook
Internet being one of the prime modes of telecommunication, every country is imposing its rules on the users to control cybercrime, threats, and misuse of personal data. A Chinese researcher of China Youth Daily publicly announced that China is coming-up with a new set of rules to control global int
Published Date: July 29
Micron and Intel Unveil New Kind of Memory Chip to Compete Well in this Data Driven Age
As reported on Tuesday, Intel and Micron Technology disclosed their new kind of memory chip that they touted as a revolution for computing devices, applications and services.  Both the companies are based in the U.S. Micron and Intel said that chips with 3D XPoint technology is described as
Published Date: July 29
Chinese Premier Encourages Science and Technology Breakthroughs
The Premier of the State Council of the People’s Republic of China, Li Keqiang has highlighted advancements in key technology in China, earlier this morning. He calls for key technology so that more people initiate and invent sci-tech businesses and transform their talent into effective produc
Published Date: July 29
China Persists to Bag Sri Lankan Port Construction Project
China Harbor Engineering Company (CHEC), which is a subsidiary of the state-owned China Communications Construction Company has made a proposal for the construction of new facilities at Hambantota Port in Sri Lanka. As stated by HIS Maritime 360 report, the proposal made by CHEC is focused for th
Published Date: July 28
New York Divulges Plan for a new LaGuardia Airport
In a recent announcement, the Governor of New York revealed a plan for a new LaGuardia airport. According to the plan, the airport would be redesigned and rebuild from scratch, which would replace the cramped and outdated facility with a unified terminal that will have more than double capacity for
Published Date: July 28
China Selloff Deepens causing Asian Stocks to Retreat
Asian stocks, for a fifth day, retreated as the China selloff deepened. On one hand, oil dropped, and on the other, New Zealand’s currency saw a rapid increase in stocks after a near six year low. The Shanghai Composite Index dropped 3.2 per cent, while the MSCI Asia Pacific Index declined
Published Date: July 28
Global Oil Benchmark Drops to Lowest since January
Brent, the global oil benchmark, dropped to its lowest price on Tuesday since the month of January amid concerns regarding the constant global oversupply of crude. US prices, on the other hand, gained ahead of the weekly inventory data. The US oil benchmark as well as the global oil benchmark Bre
Published Date: July 28
Celsius Holdings Officially Granted Gluten-Free Certificate for Drinks
Celsius Holdings Inc., the Florida based company was earlier known to produce science based functional beverages such as the world’s first and only fat burning and negative calorie drink.  Now, the company has been officially granted the label of gluten-free to innovative line of drink
Published Date: July 28
U.S. Securities and Exchange Commission to Investigate Complaints Regarding Manipulation of Sales Figures by Diageo plc
London-based brewer Diageo plc is trying to desperately save face after the many quarters of sales fiascos reveled about the company in recent times. First the “anti-extravagance" campaign held in China, then the receding sales from the spirits market of the U.S., lower revenues from acquisiti
Published Date: July 28
China to Soon Surpass the Leaders in the Global Nuclear Power Market
China in terms of various electricity sectors is demonstrating high growth. This can be observed in the renewable energy sector and the non-renewable energy sector as well. China recently pledged to cut down its carbon emissions drastically, as a result of which the solar power sector in the country
Published Date: July 28
Scientists in Oman Working on Extracting Fuel out of Agricultural Waste
The shrinking natural resources are pushing scientists all over the world to come up with more sustainable and alternative energy sources. Currently, several crops such as algae and others are being researched to understand the feasibility of theirs a biofuel. Furthermore, another challenge scientis
Published Date: July 28
Wind Power Empowering the Europe’s Electricity Sector
Europe in several renewable energy sector is leading globally. Furthermore, the pledge shown by several European countries to cut down on their carbon emissions and go 100% renewable is noteworthy. Many countries are at a growing pace installing and relying on renewable energy plants that provide po
Published Date: July 28
Exposure to Endocrine Disrupting Chemicals Exhibit Health Threats and Accounts to €150 per Year
The exposure of humans to EDCs adds to various health abnormalities that its evaluated expenses lies between €150-260 billion for every year as indicated by another phase of study given in the Endocrine Society's Journal of Clinical Endocrinology and Metabolism. The cost exhibits the expenses o
Published Date: July 27
Base Metals Depreciated by 6% within Two Weeks owing to Decreased Demand from China
Taking after bullion, base metals were pounded to exchange close multiyear lows on Friday at the benchmark London Metal Exchange, due to decreased in demand from the world's biggest purchaser, China.  Copper, for instance, has debilitated by somewhat more than six for percent in the previous
Published Date: July 27
China Lifts Ban on Manufacture and Sale of Game Consoles
About 15 years ago, China banned games console citing the reason that these consoles have potential to harm the physical and mental development of children. However, recently the country has decided to life the ban and remove all restrictions on the manufacturing and sale of game consoles. Following
Published Date: July 27
Robots will Help China Lead as World’s Factory
In the last three decades, China has successfully transformed itself from a poor economy depending on agriculture as their major source of income to a manufacturing powerhouse. The country has emerged in the global landscape as the largest manufacturer of everything ranging from steel to zippers. Ac
Published Date: July 27
New Rice Type Promising to Fight Global Warming
A new rice has been developed by scientists that claims, it can help to fight the global warming war. However, the invention of this new type of rice is marked with some issues. It is good that a new type of rice will help to reduce the effects of global warming, as rice paddies are notorious for th
Published Date: July 27
£3 Million Fund to Boost Scottish Beverages Exports to China
With the increasing share of food and beverages being exported to China, many countries are exporting their food products to China. Recently, three dairies from Korea received approval for their milk. The demand for Korean milk in China is high. A year back, several Australian wineries attracted Chi
Published Date: July 27
Chinese Online Healthcare Platform Chunyu Adds Cross-Border Services
Chunyu, the top online healthcare platform in China has added a cross-border service platform, when more medical tourists from China are seeking medical treatment in the U.S, South Korea, and Japan for everything from botox to rhinoplasty to heart transplants. In 2014, a more than 56,000 Chinese
Published Date: July 24
BASF Faces Poor Growth in Second Quarter
Dip in demand in second quarter has led BASF to warn that slumping economy would make it difficult to achieve the company’s yearly targets. The German chemical manufacturer, which is also the largest global chemical maker in terms of sales, had earlier projected the expansion of global gross d
Published Date: July 24
Potential Geothermal Power Projects Promising Electricity Generation for Around 7 Cents a Kilowatt
Around the world, the potential for geothermal power is being recognized. Independent researchers with massive financial backing from government and private organizations are doubling their efforts to explore the geothermal power potential. Several of these projects promise that they can harness thi
Published Date: July 23
Construction for one of the Most Ambitious Solar Plant Project in China Begins
China has begun construction of a massive solar energy plant in the Gobi desert. China boasts as being one of the largest solar power industry. China’s is well known for its solar PV production. Recently, China has begun the construction of its largest solar energy plant that is spread over 63
Published Date: July 23
Insurance for Critical Illness in China will Provide Enhanced Coverage
The Chinese healthcare sector is booming. Factors such as the increasing geriatric population, rising chronic patient population, and the accelerating disposable income levels are fueling the Chinese healthcare market. Furthermore, the China market is also attracting a lot of FDI, which is further f
Published Date: July 23
Beijing’s Biomarker Technologies Corp purchases Genomics System
California based BioNano Genomics announced on Wednesday that Beijing based biochemical company Biomarker Technologies Corporation has purchased an Irys System. Biomarker picked the platform by BioNano in order to allow a more comprehensive exploration of the structural variation of genomics and to
Published Date: July 23
Study Finds Widespread Bias toward Sexual Orientation among Healthcare Providers
One of the first studies has been conducted that examines a variety of health care providers and their inherent attitudes towards gay men and lesbian women. Scholars have found that there is widespread implied bias towards gay men and lesbian women. Implicit bias is a rather controversial techniq
Published Date: July 23
Import Tariffs on Food Items Raised by Indonesian Government followed by other Consumer Good
The Indonesian government has raised import tariffs on food products, apparels, and many other consumer goods in order to help local consumer goods producers. However, many economists fid it not fit for Indonesian economy as it would trigger inflation. As of now Indonesian economy is at its lowes
Published Date: July 23
Unilever Partnered with Alibaba to Expand Business in China
Unilever, the global consumer goods company, which has streamlined its brands from more than 2,000 to 4,000 plus, is planning for the expansion of its business in China by entering into a partnership with Alibaba, an giant e-commerce operator in China. Unilever and Alibaba have formally signed a str
Published Date: July 23
China’s Taobao Enters Healthcare - Offers Sperm Donation and Paternity Test Services
China's largest online retailer, Taobao, is rapidly working at extinguishing the boundaries about what can be bought from it. The boundaries regarding the operator’s offerings have been pushed further ahead with its new services that include sperm donation and paternity tests. The service offe
Published Date: July 22
Maryland State and Federal Government Fines US$45 million to Developer of Flawed Healthcare Website
Maryland’s state and federal government has ruled out a fine of US$45 million to the prime developer of the flawed health exchange website built for the state. The state’s attorney general has said that the fine will be required to be paid for the company to avoid legal actions in relati
Published Date: July 22
Sharebot 3D Printers in 32 MediaWorld Stores: The Most Awaited Release this Weekend
Sharebot is a rage in Italy. Today, 3D printing is not just thriving in Italy, but due to Sharebot the marketplace is on fire. For all those potential users in Italy who are inclined to purchase the Sharebot NG 3D Printer at the stores of MediaWorld now has a bright side to this latest trend. Esprin
Published Date: July 22
ICT Industry in Malaysia Set to Register Double-Digit Growth in 2015
The National ICT Association of Malaysia is expecting the region’s ICT to peg a double digit growth of 14.2% by the end of this year.  This figure is compared to the earlier figure of 12.5% growth seen in 2014.  The industry is expected to register this double digit growth desp
Published Date: July 22
Arena Pharmaceuticals Upgraded to Buy Rating
Arena Pharmaceuticals has been upgraded by a market research firm, Zacks, to a ‘buy’ rating from a previously given ‘hold’ rating in a market study published on Tuesday, July 21, 2015. The pharma company has been given a price target of US$4.75 on its stock, which indicate a
Published Date: July 22
CASI Introduced Zevalin to Treat NHL in Hong Kong
A biopharmaceutical enterprise, CASI Pharmaceuticals has been working on developing innovative treatment methods for the treatment of cancer and other fatal diseases for sometimes. The company has introduced its new drug, named Zevalin in Hong Kong for the treatment of non-Hodgkin’s lymphoma o
Published Date: July 22
Increase in Gas Price Impacts Oman Cement Profit
After the prices of natural gas doubled in January this year, the net profit of the Oman Cement Company has been brought down by 40 per cent. The second largest cement producer in the Sultanate declined from OMR 9.09 million for the first half of 2014 to OMR 5.44 million in the same period last year
Published Date: July 22
Tianrui Refuses Takeover Offer for China’s Shanshui Cement
Tianrui International Holding Company has refused to accept an offer for takeover of China Shanshui Cement Group Ltd. The company said that a takeover plan would be unable to resolve the challenges faced by the fourth largest cement producer in China. Two of the biggest shareholders of Shanshui C
Published Date: July 22
Oil Prices Drop to Below US$50, Lowest since April 2
US prices for oil dropped less than US$ 50 per barrel on Monday, settling at the lowest level since April. The dip followed persistent concerns that global supplies of crude oil have been overwhelming the demand. Sweet and light crude meant for delivery in August reached down to 1.5 per cent or 7
Published Date: July 21
Sales of Diesel in China Shrink on Slower Economic Growth
Sales of diesel in China declined in June amid a rebound in prices of oil and slow economic growth, according to two state refining sources. This has threatened to add on to the glut of global fuel as the nation usually exports all that it fails to absorb. The contraction in the diesel demand in
Published Date: July 21
Can Organic Farming help to Curb Greenhouse Gas Emissions?
Organic farming is considered better than conventional farming in several aspects. The produce from organic farming is considered to be healthier for consumption. Also, the several processes involved in organic farming are considered to be relatively good for the environmental health. However, one a
Published Date: July 21
Korean Milk Gaining Popularity Among Chinese Consumers
Due to several food scams and the increasing concerns of consumers in China about health, the government and other bodies have place strict regulations on exports of food. Amidst these concerns, the demand for healthy food products such as milk, fruits, and vegetables in China have witnessed growth
Published Date: July 21
$1.2 Trace Detection Systems Shipped by Implant Sciences
Recently, Implant Sciences Corporation announced that it shipped $1.2mn of its explosives trace detectors to several customers in the world. The explosive systems were traded across four continents in the world. They were sold to these regions to be deployed in a variety of applications such as carg
Published Date: July 21
Inventory Adjustments Lead to Cuts in Factory Output Assessment in Japan
As Japan’s auto makers and electronic parts manufacturers restrain the output in order to bring down the inventories of their finished goods, Japan’s government took down its assessment of the overall industrial output in July.  The industrial output in Japan is flat, added Cabin
Published Date: July 21
Vietnam’s Under-construction Urban Railway Project To Borrow Additional Funds from China
It is being said that Vietnam will be borrowing an additional US$250.62 million from China to compensate partly for the further capital needed to complete the Hanoi based urban railway project, Cat Linh-Ha Dong. The decision has come after the prime minister’s approval for borrowing funds.
Published Date: July 20
Vietnam Announces Thermal Power Plant - Construction Commences
Another major project along with the rural train project expected to finish construction work by the early 2016 is set to be built in Vietnam. A ceremony that announced the commencement of construction of the projects, named Vinh Tan 1 Thermal Power Plant, was held this Saturday in ha Noi. It is
Published Date: July 20
India’s Food Safety Watchdog to set Liquor Standards
With the aim of setting standards for alcoholic beverages including beer, whiskey, and rum among others, India’s central food safety watchdog Food Safety Standards Authority of India (FSSAI) is planning to issue a draft notification in the next few weeks. A source said that the Food Safety
Published Date: July 20
Taxing Sugary Beverages could help Reduce Obesity: Study
The Scientific Advisory Committee on Nutrition said in a recent report that only a maximum of 5 per cent of daily calories must be derived from added sugar, which amounts to seven level teaspoons. The British Medical Association reveals that poor diet of residents of the United Kingdom is the cause
Published Date: July 20
Islamic State Group Utilized Chemical Weapons Countering Syria
The Islamic State gathering shot compound weapons against Kurdish constrains in Syria and Iraq a month ago, as per Kurdish warriors and weapons specialists. The Conflict Armament Research (CAR) gathering and Sahan Research stated in an announcement on Friday that IS focused on Iraqi Kurdish peshmerg
Published Date: July 20
Fall in Oil Prices Proved Catastrophic for Coal-Based Chemical Projects
A number of mainland projects of China, including two by oil titan China Petrochemical Corporation, utilizing coal rather than oil or normal gas as feedstock for the creation of key base chemicals have been postponed or racked after the sharp fall in oil costs dissolved their expense favorable posit
Published Date: July 20
Doctors Propose to Increase Tax on Sugary Beverages by 20%
The British Medical Association, also known as BMA is rooting to impose extra tax on sodas and other sugary beverages to encourage consumers to gradually reduce their unhealthy dietary habits. Imposing extra tax on beverages, BMA said will also help to curb the increasing incidence of obesity in the
Published Date: July 17
Construction Company Penalized owing to Petaluma Accident which Resulted in a Worker’s Death
On Wednesday, a regulatory agency fined a construction company based in San Rafael for an accident at a Petaluma construction site due to which one of its workers got killed. The worker was 28 years old and was from Novato. California's Division of Occupational Safety and Health penalized the constr
Published Date: July 17
Retail Store Rents in Hong Kong Seeing 40% decline Owing to Reduced Footfall
The most expensive retail street, Causeway Bay in Hong Kong has recently hit by a reduced footfall. Specially, the number of cash-rich mainland Chinese visitors has showed significant decline. Owing to this, the rents of shops and stores are expected to drop almost 40% in 2015. Market experts pre
Published Date: July 16
Trading Updates on Shoprite, Woolworths, and Massmart published, Met with Mixed Reception
The trading updates on Shoprite, Woolworths, and Massmart met with a mixed reception from shareholders. These shareholders had pinned their hopes on the elasticity of the biggest retail chains of South Africa, regardless of power outages and job losses. Woolworths climbed to an intraday high of U
Published Date: July 16
Geothermal Energy to be Harvested Using Rockets
The CEO of a Spokane-based company, Mark Russell is exploring the technology of rockets to harvest geothermal energy. The power and potential of geothermal energy is huge. Many sites in the world boast of the high potential for this energy. However, the field of geothermal energy is still at it deve
Published Date: July 16
China aiming to Increase Solar Plant Capacity to Dodge Trade Barriers
The Chinese solar industry is expanding at a high rate. One of the latest adopted by the manufacturers in the solar industry is to ship solar panels via other Asian countries in order to dodge trade restrictions laid down by the Western markets. Manufacturers in the China’s solar industry are
Published Date: July 16
New Price Target for ANI Pharma is set to US$70
The target price on ANI Pharmaceuticals shares has been raised from US$60 to US$70 by equity analysts at Roth Capital. The specialty pharmaceutical company has been conferred a neutral rating, at present. The new price target is indicating a potential rise of 3.66% from the previous closure of the s
Published Date: July 15
WuXi Plans to expand its Businesses by Joining in US250 million Venture Fund
The emerging venture fund, WuXi PharmaTech is planning to expand its business by collaborating with bio-pharma companies of China and the U.S. in a US$250 million project fund. WuXi Healthcare Venture Fund II, the new US$200 million project fund, is expected to be four times as big as the previous U
Published Date: July 15
Tools of Venture Capital are Anticipated to Revolutionize the Food Market
Out dietary habits have changed dramatically. Groceries are now increasingly devoting their aisles to organic merchandise, farmers’ market is expanding remarkably, and the restaurants have started to list the name of the producers who supply the menus. People from around the world have become
Published Date: July 15
China and Taiwan Strengthen Their Food Safety Laws to Prevent Food Fraud
In the last couple of months China and Taiwan have witnessed several mal practices in the food sector. Hence, they have taken steps to ensure that their Food and Drug Administrations become more powerful in order to ensure food safety and guard the food sector against any fraud.  It is very
Published Date: July 15
Liu Yandong needs Upgraded Endeavors to Implement Nation’s Educational Poverty Improvement Project
Liu Yandong, the Chinese Vice Premier, has called for upgraded endeavors to implement the nation's Educational Poverty Improvement project and bring about therapeutic changes amid a current investigation visit at the north China's Hebei Province, in Zhangjiakou City. Amid an assessment of schools th
Published Date: July 15
Teacher Licensing Change Being Approved By the Education Board of Kansas
The state's six inventive school districts will have the capacity to contract unlicensed teachers for difficult to-fill in positions under a proposition affirmed on Tuesday by the Kansas Board of Education. Those areas will have the capacity to contract unlicensed teachers and provide them with spec
Published Date: July 15
China Plans to Build Massive Dairy Farm to Supply Milk to Russia
In a Chinese-Russian business venture, a 100,000 cow dairy farm is underway in northern China to supply milk to Russia.  Last week, officials at Heilongjiang Province made announcement about the commencement of construction, which is backed by a Russian enterprise, Severny Bur, which is bett
Published Date: July 14
Salini Impregilo Bags US$337 Million Construction Project in Qatar
The Qatar Public Works Authority has made a contract with Italian company for the development of infrastructure in the residential area of Shamal, which is situated in the north of Doha. The development project of Shamal is part of Framework Contract for Local Roads and Drainage Programme (LR&DP
Published Date: July 14
India’s Rice Export to Face Decline of 20%
The Food and Agriculture Organization (FAO) has stated in its latest report on the global crop prospects that India may face a decline up to 20% in rice export business in 2016. The rise in domestic demand for rice coupled with tight supply is the main reason for this decline. India is the second
Published Date: July 14
Crops valuing US$200 billion feared to be Lost by 2050 owing to Global Warming
The crops of rice, wheat, and maize valued around US$200 billon is feared to be lost by 2050 across the globe. The global warming is creating severe risk, which, if not addressed now, will cost too much in future, according to an independent study on the effect of climate change on the harvesting of
Published Date: July 14
Oil Futures Decline over Iranian Nuclear Deal
Oil futures on Monday continued to decline in Asian trade owing to Greece’s continued limbo and the uncertainty over the Iranian nuclear deal that was carried over from last week. Sweet, light crude futures meant for delivery in august traded at US$ 51.93 per barrel on the New York Mercanti
Published Date: July 14
China’s Crude Imports Rebound as Emergency Reserves Open
Crude imports in China rebounded at a near record in June as the country started filling tanks at a new emergency petroleum reserve site.  According to preliminary information revealed by the General Administration of Customs on Monday in Beijing, overseas shipments at the world’s seco
Published Date: July 14
California State to Study Health Effects of Artificial Turf
Officials in California are all set to undertake a detailed study of the health effects of artificial turfs which are used to construct artificial lawns. The future of artificial turf fields will soon decided after the scanner, a project that has been allotted a budget of over US$2.9 million by the
Published Date: July 13
Wallasea Island Wild Coast Project Completes a Significant Step as Sea Walls Opened for Tidal Entry
A new manmade wonder, planned to be made in Europe, is nearing its completion towards a significant step. The project will be the world’s largest nature reserve that has been made by humans. The reserve will be formed as a transformation from farmland into a marshland. Material that was excava
Published Date: July 13
IEA Witnesses Slower Demand Growth as Oil Prices Changes
IEA reports that the Kurdish Regional Government that governs the production of oil in the northern part of Iraq trades less crude with its national government over controversies in payments.  The Paris-based agency tracks the oil needs of the global developed world and reports in Oil Market
Published Date: July 13
As Iran Deal Impends, Oil Prices Fall in Asia
Oil prices dropped in Asia on Monday as major western powers and Iran are soon going to sight nuclear deal that would raise the sanctions. This is also witnessed in the light of Tehran’s crude exports returning to global markets. According to a forecast by the analysts at the International
Published Date: July 13
Hyundai Sees Slow Auto Market Amid Uncertainties
Hyundai Motor Group anticipates ‘tepid growth’ for auto sales globally in the second part of the year 2015 due to economic uncertainties and weak Korean won. Greece’s likely to leave the euro zone, dropping interest rate in the U.S., and weak economic growth in China are anticip
Published Date: July 13
Luxury Carmakers Promise Greater Support for China Car Dealers
Premium carmaker Jaguar Land Rover and BMW have vowed greater support for car dealers in China, following recent meetings, which includes range of measures also likely to include financial incentives. BMW China announced the support action plan following the dealer investors’ conference hel
Published Date: July 13
UChicago Develops Artificial, Bonelike Material to be used with Medical Devices
Researchers at the University of Chicago have developed a novel approach to integrate medical devices with biological systems in a better way. Led by assistant professor in chemistry Bozhi Tian, the researchers at the University of Chicago have devised bonelike silicon spicules developed for the ver
Published Date: July 10
BioStar Ventures Raises US$68.8 Mn for Orthopedic and Cardiovascular Medical Devices Fund
BioStar Ventures, a med tech venture capital company, has raised US$ 68.8 million for the third early stage fund. This surpasses the collective sum of its previous two funds, which is US$ 65 million. The main focus of BioStar Ventures is connected health technology and medical device in the field of
Published Date: July 10
Bank of China to Expand its Presence In UAE
Earlier this year in March, Bank of China opened a branch in Abu Dhabi, with an aim of having its presence in the economy of UAE and boost the trade ties between China and UAE. Bank of China is the second bank to have received license from the Industrial and Commercial Bank of China and the UAE Cent
Published Date: July 09
Banks in Greece Have only 4 More Days of Cash Left: Reports
According to the head of banking association in Greece, Louka Katseli, the Greek banking system is left with only four days of cash guaranteed. According to Reuters, speaking about the prevalent economic conditions in Greece Katseli had said in an interview telecasted on Skai Television on Thursday
Published Date: July 09
Petrochemical Imports Impact India's Domestic Wealth
India has been regarded as one of the largest importers of petrochemicals, which has resulted in sizeable outflow of capital. This has also impacted the economy due to lack of capacity to produce finished products and consequently imports, which has led to sub-optimal wealth creation.  At a
Published Date: July 09
Peak Steel Demand from China to Spark Trade Conflicts
The demand for steel in China is at its peak, if the Japanese experience of 1970s is looked upon. This is likely to spur greater trade conflicts as the country ships excess production to other countries. Currently, the declined production of the commodity in China indicates that growth period ste
Published Date: July 09
New Laser Technology to Detect Medical Disorders by a Simple Breathe Test
A new innovation in progress by Adelaide researchers predicts that their laser technology that uses a breathe test has the potential to diagnose if the patient has any medical disorders. This simple breathe test can help to detect conditions such as cancer. This test is expected to be as sensitive a
Published Date: July 08
Growing Uncertainty over China’s Economy to Negatively Impact U.S. Chip-making Firms
China is well-known for its chip-manufacturing industry, which has boomed in the past decade. However, the volatile markets coupled with the economic unpredictability in China is expected to pose a threat to many top chipmakers, for example Qualcomm Incorporated which derives a massive portion of it
Published Date: July 08
Commodities & Food Market Trade in China is Collapsing Owing to the Country’s Weakening Stock Market
On Wednesday, the Shanghai Composite Index crashed to three months low, and so did the market value of raw materials from lead to silver, and from sugar to eggs. These domains earlier had attracted a record number of amateur investors, thereby becoming the second largest stock market in the world ou
Published Date: July 08
China to have 7 Billion Sq.ft of Urban Green Buildings by 2020: Report
A recent report created by CRBE considers China to be a trailblazer when it comes to green building development. The real estate company forecasts that China will house seven billion square feet of urban green buildings by the year 2020. The Chinese report, “The New Era of Green Buildings&r
Published Date: July 08
India’s Cement Industry Reeling under Falling Real Estate Demand
The cement industry in India is looking at a dead investment amounting to INR 55,000 crore in the short term owing to idle capacity of approximately 100 million tons.  The capacity utilization in the Indian cement industry has been brought down to 70 per cent compared to the 94 per cent back
Published Date: July 08
Entrepreneurs Use Hemp for Home Construction
It all started from Hurricane Katrina, which brought a havoc flooding houses in New Orleans oozing mold, some of which are uninhabitable to this day. Following this was the Haitian earthquake, reporting thousands dead being crushed by homes which were supposed to be their sanctuaries. A Wall Stre
Published Date: July 07
Ebola-Stricken Nations need US$700 million To Recover their Healthcare System
Ebola-stricken nations – Sierra Leona, Liberia, and Guinea need another US$696 million in terms of donor funding to build their devastated health services, in the wake of Ebola outbreak over the next two years. The information was revealed by senior officials from the World Health Organization
Published Date: July 07
Beijing Great-Idea Business Resources Company Ltd and Medical Tourism Association Partners to Launch 2015 Asia Pacific Global Healthcare Congress
Beijing based Great-Idea Business Resources Company Ltd. have partnered with the Medical Tourism Association to organize the Asia Pacific Global Healthcare and World Medical Tourism Congress 2015. The conference will be organized in Guilin, China between 14th and 16th November this year.   T
Published Date: July 07
Outback Manufacturing Builds Machine Parts for a Variety of Industries
The Outback Manufacturing’s quality department thoroughly checks the dimensions of every machine part that comes out of the company’s 16,000-square-foot main building. It also provides accurate dimensions to within 0.0002 inches.   The Vice President of the company, John Lynch ad
Published Date: July 07
Japan’s Investment of US$37.7 Bn in Vietnam Projects
According to the Vietnamese Foreign Investment Department show, Japan’s investment in 2,661 projects reached an investment of around US$37.7 billion in Vietnam as of June 20. Most of these projects were manufacturing /processing sector accounting for US$31.3 billion and 1,357 projects. 
Published Date: July 07
China’s Focus on Consumption over Export to Benefit Domestic Producers of Food & Beverages
The central government in China has already entered the second year of its five-year economic plan, which aims to rebalance the country’s economy so that there is more sustainable growth. This has resulted in the focus on domestic consumption fueled by the growth of the middle class and dep
Published Date: July 06
Caffeine Standards in Beverages to be reviewed by Indian Food Safety Regulator
The Food Safety and Standards Authority of India has decided to check the caffeine standards in energy and caffeinated drinks henceforth. The Indian food safety regulator is seeking an agency that will study the changing consumption patterns across the country. Energy and caffeinated beverages ar
Published Date: July 06