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Latest Industry News

Australia and Chinese E-Commerce Giants to Collaborate with Mutual Benefits
Representatives from Chinese e-commerce premier companies are on a visit to Sydney to look at Australian business opportunity. The trade delegation includes giants of the e-commerce sector in China such as VIP.com, JD Worldwide, Yihaodian, and Alibaba. These four companies are some of the largest e-
Published Date: July 02
Wildlife at Amazon facing Extinction due to Hydropower Dam
As several countries are in a frenzy to construct more hydropower plants, these initiatives might have serious repercussions on the wildlife. A new research states that the massive hydropower dams threaten the wildlife in the Amazon, which includes birds, mammals, and even tortoises. The Brazilia
Published Date: July 02
China and France to Enter Partnership in Energy and Other Industries
The China energy market is expanding rapidly in all the sectors, be it renewables or conventional energy sources. Recently, the Premier Li Keqiang representing China in Paris announced that China has agreed with their French counterpart Mr. Manuel Valls on plan to expand the cooperation in the energ
Published Date: July 02
China Investing More in Africa’s Manufacturing Sector
World Bank has pointed out that China is increasingly putting its money in Africa’s manufacturing sector. According to a report released at the Investing in Africa Forum at Addis Ababa, the World Bank mentioned that Africa needs to put conscious efforts to create a positive environment which w
Published Date: July 01
Legal Proceedings will be Charged in France on Two Uber Executives
Two of the France managers from Uber will face charges for tricky business practices and involvement in illicit exercises connected to its low priced ride-hailing administration, as stated by the Paris prosecutor's office on Tuesday. Pierre-Dimitri Gore-Coty and Thibault Simphal who have been focuse
Published Date: July 01
Construction Spending in US Led by Non-residential Buildings in May
Construction spending in the United States recorded a major gain in the month of May, thrusting the overall activity to the peak point since the fall of 2008. The gain was led by a massive spike in non-residential projects.  The total spending on construction rose 0.8 per cent in May, after
Published Date: July 01
Latin Americans Love to Shop at Alibaba the Chinese E-Commerce Portal
China’s e-commerce giant Alibaba is among the topmost three companies in Brazil and gets approximately 110 million visits per month. The details were from a web analytics company Similarweb.  Alibaba is an e-commerce company that has yet to carve a footprint in U.S. but has made an adv
Published Date: June 30
New App Launched is Expected to Save $104 billion Incurred in Doctor’s Visit Every Year
Visiting doctor’s office every time we fall ill is an expensive affair. There are several segments on which we have to incur expenses for visiting a doctor’s office may be ones a month for routine check-up. Apart from shedding money for cost of co-pays, we also have to calculate the trav
Published Date: June 30
Production of iPhone with Force Touch is Underway
Suppliers of Apple Inc. have started producing new iPhone models with a new feature called Force Touch. People close to the matter have revealed that the new feature will sense how hard the users are pressing down on a screen. The newest iPhones will be of the same dimensions of 4.7- inch and 5.5- i
Published Date: June 29
Debt Crisis in Greece Deepens, Banks to be closed for Next 6 days
The top share index of England witnessed a sharp decline on Monday, June 29, 2015, as the debt crisis in Greece deepens after Athens imposed capital controls following the failure of talks with creditors, which has triggered the decline in market sentiment. These recent events in Greece, which is
Published Date: June 29
China to have 26.06% of Voting Rights in AIIB
The finance ministry of China has announced on Monday June 29, 2015, that the nation will hold more than 25% of the votes in AIIB, that is, the Asian Infrastructure Investment Bank, giving it a veto in various major decisions. However, Beijing has insisted that it will not possess any such power.
Published Date: June 29
Infosys Announced Launch of Finacle SME Enable
The IT giant, Infosys, announced the launch of its financial software solution, named ‘Finacle SME Enable Solution’ to assist the banks in improving support and services for their small and medium business enterprise (SME) clients. This mobile-based software is specially designed for SME
Published Date: June 29
Sugar-sweetened Beverages Cause 184,000 Deaths Every Year: Study
Sugary drinks kill an approximate of 184,000 people across the globe each year, states a new study.  The assessment was published in the journal Circulation and was put together using disability and death statistics factoring in rates of heart disease, diabetes, and cancers right from 2010.
Published Date: June 29
Sugar Rich Nonalcoholic Beverages Increase Risk of Obesity in Children
The rate at which children are developing cardiovascular diseases and diabetes is indeed alarming. Not so long ago, it was unusual to see children developing diabetes related complications and cardiovascular disorders. However, according to Femi Fasanmade, associate professor of endocrinology at
Published Date: June 29
Consumption of Alcohol can affect Periodontal Health: Study
A recent study published in the Journal of Periodontology shows that Brazilian researchers linked the consumption of alcoholic beverages to the negative impact on the health of a person’s gums. Alcohol can increase the risk factors of periodontal disease or aggravate cases of severe periodonta
Published Date: June 29
ZTE Moving Ahead with Plans to Setup Wireless Charging Stations in China
Massive holes in infrastructure remain the top obstacle for getting electric vehicles into the standard in China, as indicated by Chinese telecom monster ZTE, which is moving to setup wireless charging offices for electric transports in the nation.  The organization, which is situated in She
Published Date: June 26
Vivendi Purchases 15% Stake in Telecom Italia
Wednesday's move of Vivendi to grab majority of shares in Italian telco Telecom Italia with a stake of 15% is starting the speculation that the Paris-based media and substance conglom is leaving on an expansionist course, meeting telcos and substance in an initial move toward turning into a dish Eur
Published Date: June 26
Attempt to Restrain Construction Noise in Close Proximity of Schools
A bill to control construction noise close to schools is being pushed by some New York City Council individuals worried about the impact on taking in yet is confronting resistance from the building business, which sees it as unfeasible. The proposition would confine noise from construction destina
Published Date: June 26
Japan ready to join U.S. in the Patrols of South China Sea
Japan's military is open to joining U.S. forces in consistent patrols in the South China Sea, the top uniformed officer of the nation stated, underscoring on how China's regional cases are urging Tokyo to assume a more prominent part in regional security. Joint Staff of the Japan Self-Defense Forc
Published Date: June 26
Fiat Chrysler Launches the New Sedan - Alfa Romeo Giulia
This week, Sergio Marchionne, the CEO of Fiat Chrysler introduced the long-awaited sedan Alfa Romeo Giulia. The new sedan is expected to boost the return of the premium sports car manufacturer to the U.S. market. Marchionne hopes that Giulia as flagship model will help to increase the sales to 400,0
Published Date: June 25
Ford Finally Joins the Race of Driverless Cars
With all the global auto manufacturers working on driverless cars, Ford has rolled up its sleeves too. According to the company executives, Ford Motor Co. would introduce further developments in its advanced safety technology and would include automatic braking across its global vehicle line-up duri
Published Date: June 25
McCormick to Procure Stubb's for US$100 million
McCormick & Co. Inc. declares that it has consented to an arrangement to gain 100% of the shares of One World Foods, Inc., dealer of Stubb's grill sauces (Stubb's), a secretly held organization situated in Austin, Texas. Stubb's is a premium grill sauce mark in the United States. Notwithstanding
Published Date: June 25
Asian Consumer Goods Market to Report Growth on Account of Rising Income of Middle-class: Deloitte
The Deloitte's eighth yearly Global Powers of Consumer Products report for the 2013 to June 2014 (financial year) prepared for the current year was challenging for the worldwide economy however there are noteworthy open doors in the Australian and Asia-Pacific regions.  The report shows that
Published Date: June 25
China Discloses Information about Misuse of 16.9 billion Yuan in Lottery Funds
China has uncovered boundless misappropriation of 16.9 billion Yuan of stores from its state lottery project, underscoring the degree of authority debasement as the nation tries to find join. Stores were abused through the purchasing and building of office structures and inns or stole, the National
Published Date: June 25
Tech Mahindra to Establish Healthcare Unit with UK Outsourcing Deal
India based information technology company Tech Mahindra Ltd. will be setting up a new division to improve its focus on gaining more contracts in the health care industry, which has been identified as one of the most rapidly developing sectors for providers of outsourcing services, said a senior exe
Published Date: June 25
North Africa Healthcare Market Attracting Private Equity Groups
Private equity groups have been focusing on the numerous opportunities in the health care market in North Africa, a region that seems to be attracting attention with its expanding populations increasing its spending on private medical services. Such is the situation in countries where health care pr
Published Date: June 25
Stocks of Hospital and Medical Equipment Jump after SCOTUS Ruling
Stocks of hospital and medical equipment rose on Thursday after the United State’s Supreme Court’s ruling to uphold federal subsidies as part of the Affordable Care Act. Stocks of health care immediately and enthusiastically responded to the decision of Chief Justice John Roberts. Hos
Published Date: June 25
Survey Reveals Americans Trash Food Worth US$640 Every Year
A recent report revealed that Americans throw away food worth US$640 every year, and a majority of them are not really bothered about the environmental impacts triggered from the pilings of the dump of leftover food on the landfill either. The observation was released on Wednesday in a survey conduc
Published Date: June 24
Food Safety Watchdog in China Recalls Milk and Dairy Products
In a latest step taken by Chinese government to ensure availability of high standard and quality food across the country, the Chinese food safety watchdog has asked three of the prominent milk producers based in Shaanxi province to evoke infant milk powder formula, which were identified as sub-stand
Published Date: June 24
China’s New Green Energy Entrepreneurs Strike it Rich
A new cadre of entrepreneurs are making their presence felt in China and attaining magnificent riches of approximately $9.13 billion in this year already. They can be nicknamed the solar age wildcatters.  These clean energy entrepreneurs are riding the waves of equity markets in China. Since
Published Date: June 24
Australia’s Prospects of Completely Switching to Green Energy by 2040
Australia will get majority of its electricity through renewable energy by 2040 according to energy analyst’s forecasts. This energy will account for 59% of electricity that will be generated by 2040, as a result of wind and solar energy replacing coal and gas plants. These predictions were pu
Published Date: June 24
SunEdison and Morgan Stanley Expand Operations
SunEdison is launching an important power purchase agreement product in seven states to make tax equity financing promptly available. The new expanded channel and sales base and with the lately acquired numerous residential power plants, SunEdison is now strongly positioned to provide services to ev
Published Date: June 24
China Distance Education Holdings Put on Hold by Zacks
China Distance Education Holdings Limited is a supplier of online education, fulfilling proceeding with training prerequisites to keep up their licenses and enhance their reasonable employment abilities through its expert advancement courses. As indicated by Zacks, "China Distance Education Holdi
Published Date: June 24
In Order to Recapitalize, Govt. Proposes to Provide Rs 57,000 Crore to Banks of Public Sector
The government plans to give $9 billion, approximately Rs 57,000 crore to open public sector for recapitalisation over the course of the following two monetary to meet worldwide global risk norms and for development, Rajiv Mehrishi, Finance Secretary, stated on Monday.  What they are going f
Published Date: June 24
Lunar New Year declared as a public school holiday by the mayor of New York City
On Tuesday, Mayor Bill de Blasio reported Lunar New Year, which is a public school holiday on official terms, in New York City, which will permit a huge number of students of Asia to enjoy the celebration without needing to miss classes.  As per a record posted at the site of the Department
Published Date: June 24
Indian Government Yet to Decide on Recapitalization Figures for State-Owned Banks
Indian Finance Minister Arun Jaitley has not yet decided on the exact recapitalization figures for the public sector banks. Speaking at a public event at the Stanford University, he revealed that though he had mentioned a recapitalization figure in the budget, the requirement is much more than the m
Published Date: June 23
RBI does not agree with Centre in Letting Gold Deposits as Bank CRR
Even though the Indian Government is attempting to monetize the gold in the Indian households, the Reserve bank of India is not happy with the move. The central bank is writing to the Indian Finance Ministry to oppose the plan regarding the usage of the gold deposits as bank Cash Reserve Ratio. Acco
Published Date: June 23
China’s Fosun International Buys Majority Stakes in Israel’s Phoenix Insurance Company
Majority stakes in Israel’s Phoenix Insurance Company has been sold to the Chinese business group Fosun International. The Phoenix Insurance Company is owned by Delek Group– the business conglomerate of Israeli business tycoon Yitzhak Tshuva. As per a statement provided to the Tel Aviv S
Published Date: June 23
Russia Overtakes Saudi Arabia as China’s Leading Oil Supplier
Russia piped Saudi Arabia as China’s leading supplier of crude as the struggle to gain maximum market share in the second largest oil consumer in the world steps up. According to data released by General Administration of Customs in Beijing on Tuesday, in May, a record 3.92 million metric t
Published Date: June 23
Oil Prices Up Ahead of Gasoline, Crude-oil Supplies
Oil prices on Tuesday gained ahead of anticipations of a decline in supplies of gasoline and US crude oil. West Texas Intermediate, the benchmark of US crude oil, was up 63 cents or 1 per cent to reach US$ 61.01 per barrel on the New York Mercantile Exchange. The global benchmark Brent was up US$
Published Date: June 23
Iran Nuclear Deal Could Bring Major Changes to Global Oil Market
Even though the oil market is totally focused on the US supply data this current week, Iran and the deadline for the nuclear program agreement may change things in the coming week. If the deal between six world powers and Iran is finalized by the deadline of June 30, Iran could soon begin supplyi
Published Date: June 23
Solar-Powered Cars Looked Upon with High Hopes Despite Tripping
In February this year, when Hanergy Chairman Li Hejun gave his view about a solar technology known as thin film, to develop a solar-powered car was the first to take a front seat. As per Mr. Li’s plans, which he announced in a speech at a product innovation launch competition held in Beijin
Published Date: June 22
Scinofarm Collaborates with Raffles for New Drug
Raffles PharmaTech is to collaborate and manufacture “Celecoxib”. The combination of Raffes expertise in R&D and the production ability of ScinoPharm Pharmaceuticals Ltd., (Changshu) is set to explore business ventures in U.S. Raffles will take over the R&D for Celecoxib and S
Published Date: June 22
Fake Drugs to the Forefront - Global Crackdown Revelations
Fake drugs have been in the news again with a fresh alert. There have been global crackdown by INTERPOL the international criminal investigation organization that has resulted in N16.3 billion counterfeit drugs seized in 116 countries across the world and 156 arrested. The NAFDAC (the national ag
Published Date: June 22
ADHD Disorder More Common in Adults than Children in U.S.
Adults have outdone children in U.S. for attention deficit hyperactivity disorder. Adults are taking medications in more quantities compared to children in U.S. and contributed 53% of the 63 million prescriptions for ADHD medicines during last year. The figures were from data compiled by Shire Plc.
Published Date: June 22
Leading Manufacturers Move Inland from Pearl River Delta and Shenzhen in China
As reported by Economic Observe in Beijing China is witnessing an increasing number of manufacturing companies located in Shenzhen and Pearl River Delta move their facilities in inland. This is planned move taken by the companies to reduce costs and get the support of the local market to sustain the
Published Date: June 22
Yudea - A Buffalo-based Start-up Aims to Capitalize on Additive Manufacturing
A business idea can be mooted in the strangest of events. Something similar happened between Colin Walker and Dan DiNardo. Both of them met through their respective girlfriends who literally forced the strangers to be a part of a double date. However, once conversation started between the both, they
Published Date: June 22
Report Says, Australian Manufacturing Should Prepare to Face Challenger Triggered by the New Industrial Age
According to a new report published by CEDA, Australian workforce are on the verge of ushering an era of hyper connectivity, self-driving cars, and artificial intelligence. Leading dailies cited that the workforce of the country is facing the challenge to pace up with the impending industrial age, a
Published Date: June 22
Iron Ore Prices Again Slump in China
Weak demand for steel in China has affected the prices of iron ore in the country. According to the industry analysts and traders, the prices of iron ore would drop further over the rest of the year. Iron ore witnessed a 40% spike in its prices after registering a decade low price. The slumping Chin
Published Date: June 19
Magnesium Ingot Prices on a Decline in China
In China, the spot export trade for magnesium on free on board (FOB) basis has continued to slow down amid weak overseas demand. According to the industry sources, the price of magnesium ingot fell this week to US$2,150-US$2,200 per metric tonne from US$2,180-US$2,230 per metric tonne registered las
Published Date: June 19
China Rejects Patent for Hepatitis C Drug
China has rejected a patent application from Gilead Sciences Inc. which is related to its expensive hepatitis C drug, as commented by an advocacy group. It was further added the action may lead other countries also to consider rejection of patent for the conflicted treatment. Gilead has drawn cri
Published Date: June 19
Could Oil and Gas be the Cause of Earthquakes?
There was an earthquake that measured 3.0 in Oklahoma last year. Before 2008 the state had an average of one or two.  Stanford University geophysicists claim that oil and gas drilling caused the earthquakes. The offender could be the brackish fluid that appears on the surface along with oil
Published Date: June 19
“Emoji-only-passcodes” Launched by British Banking Service Company
One of the leading British banking service provider is all set to launch a completely new passcode system that they believe is much safer and easier to remember. So what is this new tool? The banking service provider has apparently introduced emoji as passcode.  The emoji will represent a ne
Published Date: June 18
C&H Financial Services Acquires Regal Payment Systems, LLC, One of the Top Merchant Service Providers
Earlier today it was announced by the C&H Financial Services Inc. that the company is acquiring Regal Payment Systems, LLC, which is a Tennessee, Columbia based financial service firm.  C&H is one of the most prominent international firms in the sector of financial services. Among th
Published Date: June 18
Goshen Police Arrested Man for Possession of Meth, and Woman for Manufacturing of Meth
Two individuals were captured when meth and marijuana were found amid a traffic stop Friday at Goshen.  A Goshen Police Department K-9 unit discovered drugs and gear used in the manufacture of meth in a car ceased at around 4:15 p.m. Friday, June 12, close to the crossing point of 10th and M
Published Date: June 18
Firms of Anil Ambani Request for Licenses for Manufacture of Aerospace and Defence Products
Anil Ambani's Reliance Group has looked for licenses from the government for the manufacturing of aerospace and defence products including weapons, helicopters, spacecraft, and ammunition. Presently, India spends around $40 billion every year on defence, 40%, or around $16 billion, of which is sp
Published Date: June 18
Chinese Firm Dealt with Viking Air Inks in Favour of 50 Twin Otters
North Saanich's Viking Air is joining forces with a Chinese organization to make and offer upwards of 500 Twin Otter planes amid the following two decades.  An agreement was marked today with Bejing's Reignwood Aviation Group for buying the 50 Twin Otters.  With a beginning cost of
Published Date: June 18
New Process for Developing Crystals from IBM could cut Down Cost and Size
Researchers at IBM have come up with a process that grows crystals from semiconductor materials. According to the researchers, these crystals can be integrated in silicon chips. This is a crucial step in the future development of computing. The IBM’s Zurich research team thinks that its work w
Published Date: June 17
Mamba’s New Mouse features the World’s Most Precise Sensor
The upcoming wireless gaming mouse from Razer claims to have the world’s most precise laser sensor. This brand new gaming mouse has around mousing sensitivity of 16 thousand dots per linear inch (DPI). It is also designed to be used with high resolution screens and multi-monitor setups. The ol
Published Date: June 17
Honor 7 from Huawei to be released on June 30
The new phone from Huawei called Honor 7 is expected to be launched on June 30. Huawei, the Chinese phone company has now started talking about the launch for this new smartphone on social media. This news cropped up from a post that was visible on the company’s official social network on W
Published Date: June 17
FDA Sets 2018 Deadline to Eliminate Trans-fat from Food in the U.S
Taking a step further to promote health and wellness, the Food and Drug Administration (FDA) on Tuesday has issued orders to the food industry to discard the artificial trans fats, which can clog arteries from food within a span of three years. This is a long-awaited decision taken by FDA, which is
Published Date: June 17
Alibaba Plans Expansion of the Fresh-Food Delivery Network
Alibaba Group Holding Ltd. has been taking well determined steps to expand its operations beyond its existing network in China. The ecommerce giant is developing strategies and ability to deliver perishable goods to the consumers across China with three new distribution centers for fresh food in Sha
Published Date: June 17
Maggi Controversy is Expected to Change the Standards of Packaged Foods
The Maggi controversy is intensifying. The FSSAI (central food safety regulatory) has recently released orders asking food regulators across the country to test all the packaged food items available widely across India. After Maggi, many other products were found unsafe, and the FSSAI expects that m
Published Date: June 17
Low Calorie Cheese Launched by Online Food Store
Cheese has been around for many centuries and it is used as a taste enhancer in a number of dishes. Cheese is a great source of protein, which is why it is generously used in several recipes such as pizza, pasta, and lasagna. Available in different types and forms, cheese has been a favorite inclusi
Published Date: June 17
Pfizer Inc. to Build New Facility in Suzhou, China to Expand Centrum® and Caltrate® Production
In terms of technology Pfizer Inc. announced earlier today that it surpassed all records to register production of consumer products worth $95 million in its manufacturing unit located in the Suzhou province of China. Hence, the company has decided to expand its operations in China and has already a
Published Date: June 16
Following the Rise in Number of MERS cases in South Korea, China Issues MERS ‘High Alert’
The healthcare industry in China has taken necessary steps to propagate the national health warning pertaining to the spread of MERS (the deadly outbreak which originated in Saudi Arabia, and later was spread to South Korea), after South Korea announced on Monday the new statistics of MERS related d
Published Date: June 16
Accenture Interactive Forecasts Healthcare Industry to Enter “Third Wave of Digital”
According to experts, healthcare industry is first in line to receive the “third wave of digital”. While in 1990, digital wave ushered the age of the Internet, in 2000 it entailed enhanced mobility through global high speed connectivity. However, the digital wave has now forayed the &ldq
Published Date: June 16
Powerbeats2 Wireless Headphones Given New Colors by Apple to Compliment the Apple Watch Sport
Apple has overhauled the color choice range on its fitness based Powerbeats2 Wireless headphones to compliment the Apple Watch Sport hues. The new color choices accessible are Black, Blue, Green, White, Pink, and are the same shades as their Apple Watch Sport partners.  The move signal&rsquo
Published Date: June 16
Connected Homes to Enjoy Wireless Music System Which is Hi-Tech
In 2015, at the Consumer Electronics Show (CES) in Vegas, the British start-up Musaic propelled another age wireless music framework which underpins high-determination multiroom sound.  Musaic works with your home Wi-fi to play music from any cell phone, tablet, Mac or PC/portable workstatio
Published Date: June 16
Cross- Strait co-operation Appealed by China Official in Telecommunications
Taipei, June 15,  vice minister of China's Ministry of Industry and Information Technology, Liu Lihua, on Monday called for sooner collaboration with Taiwan in the information transfers field.  At a yearly cross strait telecom gathering in Hsinchu, Liu stated that China and Taiwan ought
Published Date: June 16
Norway Oil Producer to Slash 2,000 More Jobs
Norway’s state controlled oil producer Statoil ASA will be cutting as many as 2,000 more employments by the end of 2016 as a way of bringing down costs in reaction to reduced crude prices. The Stavanger based crude company said that Statoil plans to say good bye to 525 consultants and aroun
Published Date: June 16
Stop Using Artificial Trans Fat by 2018: US FDA to Food Manufacturers
Artificial trans fat will have to make an exit from the American diet, according to the latest ruling by the United States Food and Drug Administration.  On Tuesday, the US FDA ruled that trans fat is not “generally recognized as safe” for human consumption.  Food manufac
Published Date: June 16
US Oil Prices Climb on Strong Crude Demand
US oil prices on Tuesday rose on cues of strong demand for crude and ahead of a Gulf Coast tropical storm.  Light and sweet crude meant for delivery in July, the Unites States benchmark, was up 45 cents or 0.8 per cent to reach US$ 59.97 per barrel on the New York Mercantile Exchange. The hi
Published Date: June 16
Organic Food Gaining Foothold in Emerging China Market
The demand for organic food is rising in China as the nation’s middle class gains a stronger purchasing power and greater awareness about healthy living and its dietary concerns are growing. The urbanites in China are seeking other options to purchase healthy and safe products. This trend i
Published Date: June 15
Foxconn Gearing up to Build Apple iPhone Manufacturing Unit in India
Foxconn Technology is renowned as one of the largest contract manufacturers of electronic products around the world. The manufacturing giant is planning to start manufacturing iPads, and iPhones from India with an aim to reduce to the cost of production, offset the wages inflation in China, and boos
Published Date: June 15
Mexico - An Emerging Destination for Leading Car Manufacturing Companies
Earlier whenever foreigners were asked to share their views about Mexico, they were more likely to divulge either of the two impressions – a highly awaited holiday destination during winter or a dangerous place to visit with persisting unrest. However, what a majority of the westerners fail to
Published Date: June 15
Auto Manufacturing Industry in Philippines Supports CARS Program
The automotive manufacturing industry in Manila is expecting that the CARS (Comprehensive Automotive Resurgence Strategy) program to help position its manufacturing base in ASEAN.  Speaking about the latest development the PACCI (Philippine Automotive Competitiveness Council Inc) said that i
Published Date: June 15
Whole Foods Rating not Accepted by Organic Farmers
Organic farmers and Whole Foods Market have had a long history of a symbiotic relationship. The grocer Whole Foods has supported stoke the American appetite for these healthy foods and build stores which are essentially showcasing organic vegetables, foods, and flowers that have been tagged with the
Published Date: June 15
World Wine Fair: France Wins Most Awards
France has scooped most of the awards at a ceremony, which was meant to mark the start of the globe’s biggest wine fair located in Bordeaux, however, a Spanish wine held the prestigious title for the high end Red Bordeaux. Several New World winemakers are now catching up quickly with the sk
Published Date: June 15
Beijing’s Strategy on Reducing Pollution
Beijing has an ambitious plan by 2020 of cutting down on coal for energy use by 62%. China has relied heavily on the fossil fuel since years. But current statistical data from National Bureau of Statistics indicate that China has reduced overall coal output and consumption by 2.5% and consumption by
Published Date: June 12
CORs Observation Stations for Gulf of Mexico to Increase Safety and Protection
Gulf of Mexico Coastal Ocean Observing System (GCOOS) among other tools are providing a ways to observe and protect resources and shipping in the Gulf of Mexico. The fisheries, energy, and port activities here are a gold mine economically and ecologically according to a U.S. representative. The obse
Published Date: June 12
Encana Submits Report on Oil Spill Worth $197,000
Texas regulators have been given the final numbers about an oil spill from an oil rig accident near the city of Karnes by Encana Corp. The estimate for the spill is around 138,000 gallons of crude oil valued at $197,000. The company based in Calgary has given the final report to the Texas Commission
Published Date: June 12
China Supply Chain Will Not Upset Taiwanese LCD Makers
Taiwanese manufacturers of liquid crystal displays and personal computers are not likely to be threatened by the expansion of China’s technology supply chain in the near future, according to a Japanese brokerage firm. The Japanese brokerage had recently visited Malaysia, for a one day tour dur
Published Date: June 11
Qualcomm Veteran Head Frank Meng Back as Operations Chief
Qualcomm is getting its veteran executive back to lead operations six months after authorities clamped down and fined the U.S. chipmaker $975 million for an antitrust allegation. The veteran Frank Meng had been in charge of the Chinese business of Qualcomm from 2008 to 2010. He will now replace Xian
Published Date: June 11
Japan Wants to Promote IT but Economical Experts Skeptical
Japan wants companies in the nation to concentrate on trail-blazing information technology such as artificial intelligence, but analysts are skeptical if the governmental initiative would revive the country’s economy.  Japan’s government wants to invest and promote communication
Published Date: June 11
10-Nanometer Node of Intel Corporation is in Arrears
Intel was initially expected to begin introducing equipments into its initial 10-nanometer manufacturing plant in the middle of the year, i.e. summer. Then again, that same report - referring to "industry sources" - says Intel won't begin moving equipment into this plant until the second quarter of
Published Date: June 11
Arkansas Plant to be Opened by European Manufacturer to Benefit Plains and Eastern Clean Line
Clean Line Energy Partners tell that its plains & eastern clean line subsidiary has consented to an agreement with Sediver to source parts for the Plains & Eastern Clean Line venture from another manufacturing office and testing research centre in West Memphis, Ark.  The agreement as
Published Date: June 11
Price Estimate been Cut for Yingli to $1.20
Price estimate has been cut for Yingli Green Energy, China's second biggest sun based organization, from about $2.20 per share to about $1.20, attributable to concerns over its high influence, interest weight and absence of gainfulness.  While insolvency may not be fast approaching for the o
Published Date: June 11
Adidas Looking for Production in Germany, Aims to Employ Robots in Manufacturing
Footwear manufacturing giant Adidas produces around 258 million pairs of shoes each year by employing low cost labour in Asia. However, the company is aiming to resort to manufacturing by robots which will make the process of manufacturing cheaper, faster, and more flexible. This will also lead to s
Published Date: June 10
Prison Inmates Help Solar Panel Manufacturer to Shift Production to the U.S.
Solar cell and panel maker Suniva Inc., which is one of the largest solar panel manufacturers in the U.S. has taken an innovative approach to keep its costs low. The Georgia-based company, which enjoys the backing of Goldman Sachs Group Inc., takes help of the federal inmates to manufacture its prod
Published Date: June 10
China to Deliver Trains to India
China Railway Rolling Stock Corp Ltd. (CRRC) has recently won a contract to deliver 14 subway trains along with a total of 112 carriages to India. It is the biggest contract till date for a Chinese firm in South Asia. According to the reports by China Daily, the company has mentioned in a statement
Published Date: June 10
With Self-Healing Concrete, Micro-cracks in Buildings May Soon be Forgotten
Micro-cracks in buildings may soon be a thing of the past, thanks to a novel invention by a team of researchers from Netherlands’ Delft University of Technology.  Concrete has been one of the most significant contributors to the expansion of civilization. Right from the Pantheon that t
Published Date: June 10
Housing Prices in Britain may see Quarter Rise by 2020
House prices in Britain could possibly increase over the next five years by a quarter, according to a report that was released on Wednesday. The report found that the number of houses on sale has dropped to its lowest level since 1978 when records began. The Royal Institution of Chartered Surveyo
Published Date: June 10
Safety Design in Buildings Core Topic of Discussion at Bahrain Summit
The best way to reduce the damage to property and the loss of lives is to fully understand and implement safe design and fire control regulations in buildings. This fact has been underlined by the Safety Design in Buildings Conference that was held in Bahrain.  Experts from the construction
Published Date: June 10
Canada’s Oil Industry Facing Decade of Dwindling Production
The Canadian oil industry and battered oil producers are facing a decade of diminishing production and slowing growth, which marks a significant reversal of an industry, which was once considered to be an economic juggernaut.  A major market forecast released on Tuesday sliced over one milli
Published Date: June 09
Stop Imperial Oil Exploration: Venezuela to Guyana
The Venezuelan government on Tuesday demanded that neighboring country Guyana stop oil exploration that is being carried out by oil giant Exxon Mobil Corp. The oil exploration is underway in a disputed offshore territory, which has only stretched a long running border clash between the two South Ame
Published Date: June 09
Oil Up by 3 Percent Ahead of Anticipated Drop in US Stockpiles
Prices of crude oil rose by 3 per cent or more on Tuesday as bulls increased their bets across the oil industry for yet another weekly decline in stockpiles in the United States. This anticipated drop also caused diesel and gasoline prices to rise just as much. Crude inventories in the United Sta
Published Date: June 09
Stop at One Glass of Soda or You are at Risk to Liver Disease
You will not be too keen on sipping your second bottle of soda or any sugary drink after you read this news! Tufts University researchers have found scary new links between people who have additional sodas or sugary drinks and risks of developing liver disease of the non-alcoholic kind. We are aw
Published Date: June 09
What are the Truths and Myths about Drinking Water?
Bottled water is set to becoming the number one beverage in America by 2016, overtaking soft drinks all over the nation. According to International Bottled Water Association, water is the number 1 beverage in big cities such as Los Angeles and Washington D.C.   A campaign run by non-profit o
Published Date: June 09
Alcoholic Habits of Middle School Kids in China
The results of a recent survey in China announced that half or more of middle school students have consumed alcohol. According to the survey data, 51% of students ranging in age from 12 and above have had alcohol and at least 15% have been drunk.  Of the middle school students who participat
Published Date: June 09