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Latest Industry News

Mindray Medical to pays $25 mn to Settle Pulse Oximeter Patent Battle with Masimo
Masimo ($MASI) and Mindray Medical ($MR) are placing their legal battle over the pulse oximeter technology to rest, with all the firms willing to dismiss their outstanding lawsuit against each other in the U.S. and China. As a part of the settlement, Mindray will be paying $25 mn by January 2016. Sh
Published Date: November 24
Anheuser-Busch InBev SA Stocks Rally
There was a 4.76% increase in the recent week for shares of Anheuser-Busch InBev SA. This added up to a 6% increase in the company’s shares in the past 4 weeks. Last week’s shares for Anheuser-Busch InBev have superseded the expectations of S&P 500 by 1.45%, adding up to an exceeded expectation
Published Date: November 24
Branding Emerges as Primary Concern for China Manufacturers
As manufacturers in China continue their struggle to climb up the value chain, much is still remaining to transform the Made-in-China brand in the international markets.  For several Chinese businesses, making a global footprint is the primary aim, as they still spend much time and resource focusi
Published Date: November 23
Coca-Cola Tests Sprite Zero in Indian Markets
In a sign of the increasing preference for ecommerce, beverage giant Coca Cola will be testing Sprite Zero, its low calorie brand, in India on Grofers – an ecommerce mobile app, according to two executives directly associated with the move. Coca Cola will be testing a product on an ecommerce platf
Published Date: November 23
Strong Growth Opportunities for Heineken in Mexico
A company executive has said that Heineken has immense potential for growth and expansion in the Mexican market. President of Heineken Americas Marc Busain said that even though Heineken is already in the second place in Mexico, the US, and Canada, there is still scope for growth. Speaking at a rec
Published Date: November 23
Giant Telescopes Construction involving $1.4 bn put on Halt by Hawaii Supreme Court
Hawaii’s thirty meter telescope, worth $1.4 bn is not being constructed further as per the orders by the Supreme Court of Hawaii on Tuesday that have blocked crews from carrying on work on this telescope. For over a year, Native Hawaiians and environmentalists were successful in making the buildin
Published Date: November 20
U.S. Oil falls 2.42%, or US$1.01, to Steady at US$40.74 per Barrel
A slip of more than 2$ was recorded for oil on Friday. This has stretched the loss of the week to the longest it has been for eight months. The fall was created due to the mounting pressure of surplus stockpiles of crude on both land as well as sea. Oil prices fell a minor length after a report by
Published Date: November 20
Massachusetts Startup Raises US$57 Mn for Endoscopic Procedure to Treat Diabetes
Type 2 diabetes is a costly and chronic disease that has so far been managed with the help of drugs in combination with close monitoring of the patient’s diet and regular exercise.  However, a few startups have turned to devices in order to address the management of this disease.  Fractyl Labs
Published Date: November 20
Geely Automobile from China to Focus on Developing Green Energy Vehicles
The pollution rates in China are a major cause of concern for the government. Smog choking in urban areas of China is one of the key issues that has cropped up due to the massive pollution created every year in China. Smog choking has resulted in many deaths in the country and in lieu of this, the g
Published Date: November 19
Baidu Announces Launch of its Online Bank
The government in China is now looking to open up its financial services sector. This year, it first launched its pilot program aimed to establish around five private banks instead of focusing on state owned banks. Out of these five private banks, two projects were Alibaba and Tencent. The goal of t
Published Date: November 19
Shopkeepers Sell Only Five Packets of Maggi to Customers to Prevent Shortage
Shopkeepers in Gurgaon are selling only five Maggi packets to customers are several of them are stocking up on these instant noodles in case the Supreme Court announces another ban.  Maggi by Nestle was re-launched by the company after a six-month band due to rumored inconsumable lead amounts. The
Published Date: November 19
Athos Gained a Funding of US$35.5 million
A next-generation fitness apparel firm, Athos, has closed a whopping US$35.5 mn funding led by Social Capital. MAS Holdings, Felix Capital, and Lightspeed Venture Partners as well as DMC, True Ventures, and Mr. Joe Lacob, the managing partner and the chairman of the Golden State Warriors, who is the
Published Date: November 19
New Laser Technology Promising Breakthrough in Fusion Energy Production
Scientists for decades have turned to laser technology to heat materials to mimic the fusion process that takes place in the sun. Fusion in the sun helps to create a massive amount of energy. However, a new technique developed by scientists is now the fastest heating rates ever observed and research
Published Date: November 18
U.K. Plans Phasing Out Coal Plants in 10 Years
The latest energy strategy revealed by U.K. government is based on the statements made by Ms. Rudd, who said that coal is polluting and relying on it is perverse. Instead of coal, the U.K. energy futures show gas to play a central role, with statements that point to constructing gas-fueled power pl
Published Date: November 18
China Telecom Co. Ltd. (NYSE:CHA) Rated as ‘Buy’ by Six Analysts
Six research analysts recently gave China Telecom Co. Ltd. an average rating of ‘Buy’. Three analysts rated the stock of China Telecom Co. Ltd. with ‘buy’ recommendations while remaining three rated them with ‘hold’ recommendations. Last year, the average price target for 12 months among
Published Date: November 18
Coca-Cola Planning to Launch Sugar-free Version of Sprite in India
Inspired by the success of the sugar-free version of Coca Cola’s famous fizzy beverage Coke, the Coke Zero, the company is all set to test the sugar-free version of one of its another famous drink, Sprite, in the Indian market. To be named Sprite Zero, the sugar-free version of this famous lemon-l
Published Date: November 17
Clinical Trial for Diabetes Medicine Shows Reduced Risk for CVD
Type 2 diabetics with CVD who were given the anti-diabetic sodium-glucose cotransporter 2 (SGLT2) inhibitor empagliflozin were observed to have a reduced risk of a heart failure or risk of death due to CVD. This observed in a trial follow-up of 3.1 years. The trial look partly positive as it is sure
Published Date: November 17
Nissan Deliberates over to Become a Wireless Pioneer
The technology of wireless charging is something that may really help convince people for trading their cars that are gasoline powered with electric vehicles. Parking in one’s own garage and then leaving the car alone for it to get charged wirelessly is a total bonus.  Plugless Power has already
Published Date: November 17
China Partners with Russia on Localizing Manufacturing Equipment in Russia
Talks are underway between China and Russia on localizing the production of equipment used in energy and mining industries in Russia. The information was shared with media by the Russian Deputy Prime Minister Arkady Dvorkovich on Monday. Mr. Dvorkovich is also the co-chairman of Chinese-Russian inte
Published Date: November 16
Construction of Japan Olympics Stadium Now Falls Further Behind Schedule
As the time for the next Olympic Games, to be held in Japan in 2020, draws closer, the country is struggling to get its preparations on track. What’s adding to these concerns is the continuously delaying start of the construction of the national stadium where majority of the games are to be held.
Published Date: November 16
More Indian Pharma Names Flock Japan’s Generic Markets
Since the previous Indian buyout in the Japanese Pharma sector that occurred over four years ago, there is a growth in the number of Indian Pharma firms that are looking for acquisition in Japan. Japan is currently ranked second in the largest drug markets in the world. The second buyout made by Lu
Published Date: November 16
Food Security Laws in China to be Reviewed
China has emerged as the world’s fastest growing economy. Furthermore, China boasts of the largest population in the world. Recently, the one child policy in the country was ended. This is projected to increase the population of the country even more. China has 20% of the world’s population. How
Published Date: November 16
Syngenta Rejects ChemChina’s Takeover Offer
Syngenta AG, the largest agrichemicals company across the globe, has rejected a takeover offer worth US$42 billion by the China National Chemical Corp. The takeover rejection has lifted Syngenta’s share value. The company has been under pressure to increase shareholder returns since it rejected Mo
Published Date: November 13
Med Device Security: Researchers Accuse US FDA of being a Toothless Dragon
Security researchers have accused the US Food and Drug Administration of acting like a ‘toothless dragon’ when it comes to addressing vulnerabilities of medical devices, according to an article published by Bloomberg Business. In the report, Billy Rios – a hacker – talks about a time in 201
Published Date: November 13
China Focuses on Gold to Diversify Foreign Exchange Reserves
In July this year, China declared that its gold holdings had increased by 57% since 2009. The People’s Bank of China has now revealed gold reserves worth 1,722.5 metric tonnes. The PBOC continues to increase gold bullion as it aims to diversify its foreign exchange reserves worth US$3.53 trillion
Published Date: November 10
Barry Callebaut to Acquire Commercial Beverages Vending Business Unit of FrieslandCampina
Barry Callebaut, the Swiss company that is one of the leading producers of high-quality cocoa and chocolate products across the world, has decided to strengthen its specialties business segment in Europe. The company has announced its decision to take-over the commercial beverage vending activities
Published Date: November 10
New Generation of Wireless Pacemakers Implanted without Surgery Exhibit Lucrative Opportunities
A number of researchers have lately reported lucrative results in regards to the new generation of pacemakers that are miniatures and are wireless in nature. These can be implanted with the help of a leg vein without the requirement for a surgery. When 725 patients were studied, one amongst these pa
Published Date: November 10
Tag Heuer Enters Consumer Electronics Segment with its First Ever Smart Watch
Tag Heuer joined the bandwagon of smart watches as it launched its first ever smart watch. The Swiss watchmaker finally becomes a part of the legion of companies making these watches such as Samsung, LG, and Apple. However, this luxury consumer goody comes with an option of being traded for mechanic
Published Date: November 10
Sales of Niche Categories Grow as those of Traditional Carbonated Drinks Wane in US Beverages Market
The transition of the North America beverage industry seems apparent. The demand for and sales of traditional products such as aerated soft drinks have been declining while niche categories such as ready to drink coffee and energy drinks as well as bottled water have been recording strong growth. 
Published Date: November 09
Demand for Greene King Beer Grows in China after President Xi’s Britain Visit
Chinese President Xi Jinping’s visit to a local pub in Britain last month has had an impact on more than just trade relations between Beijing and London. The visit has brought British brewery Greene King into the Chinese limelight. President Xi was seen sipping a pint of Greene King beer during h
Published Date: November 09
BMW Appoints Olaf Kastner as New Sales Head in China to Replace Karsten Engel
BMW, the luxury automobile manufacturer has appointed Olaf Kastner as the new sales head of the China region whose tenure will be effective from December 1, 2015. Prior to this appointment, Kastner was the head of the joint venture between BMW and Brilliance Automotive.   In consideration to the c
Published Date: November 09
New Electric Car Startup in Los Angeles Fuels Media Speculation
In the auto industry, there is never a shortage of startups, however, a new which is enveloped in mystery is enjoying its media moment – in a mega way. The startup, Faraday Future, as it is called is happening in the Los Angeles suburb. The startup slated to hold a promise of US$1 bn fosters a te
Published Date: November 09
Made in China Suits Volvo but not Lexus
Lexus is among the very few luxury auto manufacturers that has not set up auto shops in China. Lexus is planning to stick to its plans at least for the next two decades until they are sure that China auto market workforce will be able to fulfill their stringent manufacturing demands. Lexus believes
Published Date: November 06
Oil Falls 2% Between Increasing Surplus Stocks
On Thursday, prices for oil slipped under pressure from increasing stockpiles in the U.S. as well as Europe. The U.S. oil inventories increased for the sixth week in a row, while in Europe, crude prices are reaching closer to a 5 month low. Oil fell almost 4% on Wednesday after an addition after th
Published Date: November 06
Teva Pharmaceutical Industries Ltd to Release Quarterly Dividend of US$0.34 on 3rd of December
Teva Pharmaceutical Industries has declared that it will release a quarterly dividend of $0.34 on the 3rd of December this year. Stockholders of record on the November 17th will receive thus dividend on the said date in December. On an annualised basis, the rate represents a $1.36 dividend and a yie
Published Date: November 06
Bord Bia Unveils online Food and Drink Store for 1.5 m Chinese Shoppers a day
The Irish state agency, Bord Bia has entered into an agreement with SF Best, which is one of the leading ecommerce platforms in China. According to the deal SF Best will see promotions and sales of Irish food and drinks that will happen online in the next 12 months. In the initial phase of the deal
Published Date: November 05
Kraft Heinz Notify about Closing 7 Factories in U.S., Canada
Kraft Heinz stated that it will close seven factories, which are currently fully functional, in the next two years in North America. The closing of these factories is announced as part of downsizing, which will take away 2600 jobs. These include factories that produce both foods and beverages.  As
Published Date: November 05
Non-auto Firms to Make NEVs in China
China infamous for its carbon emissions is making intense efforts to drive its alternative energy industry. China has pledged to cut down its carbon emissions in the coming few years substantially. China has focused intensely in developing its solar energy industry and wind energy industry and is le
Published Date: November 05
Banks to Adopt Voice Biometrics to Improve Security
A growing number of banking companies are adopting the technology of biometrics in a bid to boost their security. Banks are adding up voice of the customer to serve as an added layer of protection. This technology is called voice biometrics that seems to be the next big thing in keeping accounts of
Published Date: November 05
Chinas Cotton Imports Drop as it Rises in the Rest of Asia
China is likely to remain the largest importer of cotton in 2015/16, however, the share of world imports in China have been consistently dropping from 55% in 2011/ 12 to 22% in 2014/15, which is expected to be only 17% this year, as suggested by the new forecast. Recently, china made an update rega
Published Date: November 04
Kings College London Enters an Agreement with China for Opening of 3 British Schools in China
The King’s College School, one amongst the most renowned British schools, located in Wimbledon in London, United Kingdom has entered into an agreement with Dipont, an education provider that is Shanghai-based, for setting up a trio of fee-paying schools that are British styled, within China. The d
Published Date: November 04
Volkswagen Reports a Loss of $1.83 billion in Q3 2015
In a sad news, Volkswagen announced that it has suffered a loss of $1.83 billion in the third quarter of 2015. This news comes in after the company made a shocking disclosure of the fact that it had equipped about 11 million vehicles with a software that cheated on the emission tests. In addition to
Published Date: November 04
China to Strengthen its Semiconductor Industry with a Major State-led Project
To strengthen its domestic chip manufacturing sector, China is now planning for a massive state-led project. This push is creating a hurdle for the existing dominant chipmakers in Japan, the United States, Taiwan, and South Korea triggering another wave of industry realignment. It is said that China
Published Date: November 04
China Telefonica and Unicom Announces Cloud Collaboration
China Telefonica and Unicom recently agreed to collaborate and share their global data center capacity for international clients across America, Asia, and Europe. This will be their first step towards expanding the cooperation towards cloud services on a larger scale. According to the telcos, the in
Published Date: November 04
Indias United Spirits Reports Rs 929 Crore Q2 Net Profit
India’s largest producer of alcoholic beverages (wine and whisky), United Spirits, has reported huge standalone profits for the second financial quarter of the year that ended in September 2015. The company has stated that its standalone profit at the end of the year’s second financial quarter w
Published Date: November 03
Korea Consumer Goods Fair Kicks off with a Bang
Hundreds of global retail companies gathered in Seoul to be a part of the 2015 Korea Consumer Goods Showcase. The consumer goods fair started off on Tuesday, where major and minor quality consumer goods retailers come together to look for new business avenues and to learn new ways to get better at t
Published Date: November 03
Planned Nuclear Switch Off in Germany Fuelling Energy Innovation
The meltdown of Japan’s Fukusima reactor in the year 2011 prompted Germany to switch off all of its nuclear power by 2022 and this gap was to be filled with renewables. This process was known as energy transition. This push for renewables in Germany has helped grow out of the anti-nuclear protests
Published Date: November 03
Vitamin D Supplements Can Improve an Individual’s Exercise Performance
Consuming vitamin D supplements can enhance exercise performance and reduce the risk of cardiac diseases, says a new study.  Vitamin D, which is both a hormone and a vitamin, helps to control levels of phosphate and calcium present in the blood. It is also essential for teeth and bone strength. 
Published Date: November 03
HSBC Posts One Third Growth in Pre-tax Profits
Mr. Stuart Gulliver, the chief executive of HSBC, has expressed pleasure on the economizing trajectory of the bank post its survival in the turmoil happened recently in Chinese stock market. The bank recorded a 1/3rd growth in the pre-tax profits. According to Mr. Gulliver, the cost-cutting measure
Published Date: November 02
Argentina Sets Tough Green Targets
The wave of renewable energy is slowly catching up in Argentina and is expected to pick up pace as the chamber of deputies agreed to new law that states the country must produce 8% of its electricity from solar, wind, or small-scale hydro power plants by 2017. The new bill also states that the count
Published Date: November 02
Teva Pharmaceutical Third Quarter Profit Surpass Estimates, Company Raises 2015 Outlook
Teva Pharmaceuticals, the world’s largest manufacturer of generic drugs, has reported profits in the third financial quarter of the year that have beaten estimates. The company has thus raised its forecast for the entire financial year. Teva Pharmaceuticals, which is currently in the process of b
Published Date: November 02
Inadequate Education Database Creates Trouble for Assessment
In a recent survey it was observed that there is a serious lack of information regarding the reach and impact of education in India that private and public schools have made. Despite the progress, the country does not have an accurate educational database that can be used for assessment of performan
Published Date: October 30
CardioComm Solutions Signs Marketing & Sales Agreement with Europtima Medical Solutions
Global medical provider of consumer medical electrocardiogram and heart monitoring software solutions CardioComm Solutions Inc. confirmed on Thursday the signing of a marketing and sales agreement with Europtima Medical Solutions FZ, LLC, a UAE-based company that provides medical technology, softwar
Published Date: October 30
United Spirits Regard High-End Spirits to Counter Market Share Loss
United Spirits Ltd in India is planning to scale down its roster of over 150 brands and concentrate on the fast growing high-end spirit market, with the aim to bolster its fortunes in a market that is largely dominated by cheap domestic names. As commented by the chief executive of Britain’s Diag
Published Date: October 29
New Holland Brewing Company Commences Construction on Grand Rapids Location in New York
In the bid for expansion, the New Holland Brewing Company is moving ahead with its pub location with the commencement of the construction phase of Knickerbocker (New Yorker), called the Brewpub and Distillery located at West Grand Rapids, although home will always be Holland. The brewing company ba
Published Date: October 29
Auto Sector in Asia Looks Promising with China and Japan working on Power Generation Technology in Electric Cars
China and Japan, the two largest automobile powerhouses in Asia, are competing to gain technological knowhow to generate power in electric cars – from batteries to hydrogen-powered fuel-cells. This potential clash will be similar to the Beta-VHS video war between Sony and Panasonic in 1980s. The w
Published Date: October 29
McDonalds Digitizes Orders for a Personal Touch
McDonald’s restaurants in Canada, located on Lacordaire Blvd., St. Laurent Blvd., and Atwater Ave, added two independent kiosks that are setup to reduce the time that customers spend in lines. These bilingual touch-screen kiosks have also been designed to help the customers customize their selecti
Published Date: October 29
FDRA President Appeals Participating Countries to Ratify TTP
If the participant countries agree to implement the Trans-Pacific partnership (TTP) business agreement in the next two years, footwear importers would gain millions of dollars in yearly duties, stated Mr. Matt Priest, the president of the Footwear Distributors and Retailers of America (FDRA). Singa
Published Date: October 29
Vietnam on Its Way to Replace China as New Manufacturing Hub
According to market experts, growing foreign direct investment (FDI) flows into Vietnam’s manufacturing sector can lead the country to replace China as the new production centre. At a conference organized by the State Bank of Vietnam in partnership with the World Bank, experts pointed out that FDI
Published Date: October 28
Chinese Construction Firm Makes Largest Investment in Latin America
A state-owned construction company in China has struck a deal with government officials in Jalisco, Mexico on Tuesday, to construct an industrial park in the western state. This project will mark China’s biggest investment in Mexico, the second largest economy in the whole of Latin America.  Ame
Published Date: October 28
Construction Work Starts on Europe’s Biggest Floating Solar Plant
Construction activity in under way on what will become the largest floating solar plant in Europe, situated atop UK’s Godley Reservoir.  The project developer, who also happens to the largest listed water company in the United Kingdom, announced earlier this week that the installation of the lar
Published Date: October 28
Dramatic Public Health Gains have been Made by China
China's vigorous financial development in late decades has introduced amazing wellbeing upgrades, however wide provincial variations remain, a couple of studies distributed in The Lancet this week appears. Specialists from the Chinese Center for Disease Control and Prevention, China's Nation
Published Date: October 28
MENA Renewable Energy Market will Benefit from Morocco’s Ambitious Concentrated Solar Power Plant Project
The global renewable energy market is witnessing growth all over the world. However, there are particular regions that are booming, while others are getting mature. In the past, around 10-20 years back, the regional markets of North America and Europe were booming in global renewable energy industry
Published Date: October 27
India Gets is First Ayurvedic Remedy for Diabetes
xCouncil of Scientific and Industrial Research (CSIR) lab in Lucknow, India launched its Ayurvedic drug that has been validated to for Type 2 Diabetes. The drug is called BGR-34 and has been co-developed by Central Institute for Medicinal and Aromatic Plant (CIMAP) and National Botanical Research In
Published Date: October 27
Walmart Looks for Delivery Drone Approval
Retailer giant Walmart has announced that they are seeking permission from the United States Federal Aviation Administration for testing delivery drones. Walmart has been testing drone delivery systems indoors till now, and is looking for permission to try the modern day gadgets outside of their re
Published Date: October 27
Ethiopia to Seek Potential Investments from Chinese Pharma Companies
A group of ten Chinese pharmaceutical companies visited Ethiopia to find out the feasibility of investment in the medical industry. A delegation of ten leading pharmaceutical companies of China visited Ethiopia on 20th October 2015 with an intention to partnership with some of the emerging Ethiopia
Published Date: October 27
China Allows Western Digitals Integration of Hitachis Hard-Drive Business
The Chinese government has finally approved Western Digital’s integration of Hitachi’s hard-drive business, HGST. Though Western Digital had acquired HGST three years ago, the integration of its supply and manufacturing operations was delayed owing to the antitrust concerns of the Chinese author
Published Date: October 26
Massena Inculcates a Green Change in its Students
Massena Central High School students took part in the environment conservation last week. Massena Electric Department (MED) employees were also a part of this effort who planted saplings in the high school and in Nightengale Elementary School. Andrew J. McMahon, MED Superintendent stated that they h
Published Date: October 26
Three Commercial Banks in China Await Stock Exchange’s Approval to Initiate IPO in Hong Kong
Three of the Chinese commercial banks, the Bank of Jinzhou, the Bank of Zhengzhou, and the Bank of Qingdao, are eagerly waiting for the approval of the stock exchange for US$2 bn in IPOs in Hong Kong over the next few months, in a bid to test the appetite of investors for stocks that are exposed to
Published Date: October 26
Reserve Bank of India Turns Down Proposal for 100% FDI in Banks
A government proposal, demanding 100% FDI in Indian banks, has been turned down by the Reserve Bank of India (RBI). According to sources, the RBI has not stated a clear reason to establish its decision of turning down the proposal, which had been put by the department of industrial policy and promo
Published Date: October 26
U.S. Oil Rests at US$45.38 per Barrel
Crude costs in the United States inched upwards on Thursday, after a previous boost through a price rebound suggest by gasoline and technical charts. The dollar high that survived for two weeks also cut some of the upward potential for crude oil. The trend was restricted even though a boost in the
Published Date: October 23
China and the U.K. Sign Healthcare Deals of GBP 2bn
Healthcare deals and colorations that are more than GBP 2 bn have been signed between British and Chinese companies, organizations, and universities in a recent visit of Chinese President Xi Jinping to Britain. Addressing at the Life Science and Healthcare Business Forum, the minister for Life Scie
Published Date: October 23
For Bringing in New Workers in Houston, Similar Amenities Need to be Provided by the Owners of Buildings
The construction business in Houston, has since quite a while ago attempted to get enough new specialists to keep up its talented workforce. Various Houston associations have started the long and cumbersome procedure to change that. Chuck Gremillion, the executive director of Construction Career Col
Published Date: October 23
New Research on Laser Promising Faster Data Transmission
Scientists around the world for years have been researching on ways to boost data transmission rate. In the past decade, this technology has progressed by leaps and bounds. At present, it is possible to transfer GBs of files in just a few minutes or less. However, there is still ongoing research tha
Published Date: October 21
Societe Generale Planning to Cut Jobs in French Retail Bank
Mobile banking is hailed as to be a disruptive technology. Ten years back this trend was at its infancy stage. However, we are seeing this trend in action more than ever now. So, is it right to say it is still a disruptive technology? Or just a very prominent trend in the banking world. One of the b
Published Date: October 21
China Ahead of Taiwan in Developing a Digital Economy
Li Keqiang, the Chinese premier had announced its action plans, ‘Internet Plus’, in March, to integrate the country’s business with internet technology. Recently, Shanghai issued a license for China’s first online ride-hailing services to Didi Kuaidi. It displays China’s eagerness and will
Published Date: October 21
Renewable Projects Scrapped by U.K. Energy Groups
Fifteen policy changes have been deemed as irrational by major energy companies in the U.K. The policies were introduced by the Conservative government in May 2015 and have been largely considered to have created non-investable areas in the U.K. renewable energy sector. Energy companies claim that t
Published Date: October 21
Malaysia Criticizes Chinas Action in South China Sea
China’s construction work in the disputed South China Sea has been stated to be unwarranted provocation. The chief of the armed forces in Malaysia said recently in a rare public comment regarding a spat with the country that is claiming rights in the seas. The relation of China in the several cou
Published Date: October 20
Oil Prices Rise Ahead of OPEC Meeting
Prices of oil went up on Tuesday as traders braced themselves ahead of the weekly US inventory data and a meeting of the Organization of Petroleum Exporting Countries in order to control the global glut. Sweet and light crude oil to be delivered in November recently gained 0.6 per cent or 26 cents
Published Date: October 20
China closing in on US as Worlds Largest Crude Oil Importer
As China inches closer to the United States in becoming the largest importer of crude oil in the world, the stockpiling of cheap oil and demand from private refiners is anticipated to maintain imports at a record level despite the instability in the third quarter of the year. Even after the slow gr
Published Date: October 20
Vocational Education Park Project is the Latest Buzz in China
It was around three decades back, when China started converting their city lands into industrial parks to attract foreign investors. Today, China is willing to construct its vocational education park. Cities across China are trying to locate vacant lands in different areas to build school parks, lab
Published Date: October 19
Strong Buy Rating Given to Bio Blast by Brokerages
A consensus rating of 1.0 has been allotted to Bio Blast Pharma by brokers, indicating a strong buy rating. The rating was given by the brokers which offer coverage for the company’s stocks. There were two investment analysts that rate the stock with a strong buy suggestion. A 1-year long consens
Published Date: October 19
Statoil UK Gets a New Leader
Tove Stuhr Sjoblom, the new managing director of production at Statoil has taken over her role with the Norwegian operator. She will begin operations from Aberdeen for upstream development and production plans in Ireland and UK. Sjoblom replaced Gunnar Breivik, who is now going to lead corporate inv
Published Date: October 19
Shinzo Government under Pressure to Build Main Venue for 2020 Tokyo Olympics by January 2020
Shinzo Abe’s government is facing pressure regarding the construction of the new National Stadium by January of the year 2020, making the stadium to be used in time for the Olympic and Paralympic games to be held in Tokyo that year. However, it is highly uncertain if the target can be achieved by
Published Date: October 19
China Ocean Shipbuilding Industry Group (Cosig) to Diversify into Car Parking Business
China Ocean Shipbuilding Industry Group (Cosig) has decided to take further steps to expand its services from the shipping industry to car parking business. Hong Kong listed group Cosig lately stated that it has plans to invest HK$450 mn in the car parking business. Cosig has plans to acquire one of
Published Date: October 16
Apprenticeship is the Way Forward Says Government
The Government of India is looking at ways of improve vocational skill sets of the youth in the country with schemes pertaining to skill acquiring. Jayant Krishna, Principal Consultant at Tata Consultancy services (TCS) and Chairperson of the central government's Special Taskforce on Apprentices
Published Date: October 16
Valeant Pharmaceuticals Receives Subpoena Regarding Unprecedented Price Hike of Popular Drugs
Valeant Pharmaceuticals, the global pharmacy giant renowned for its extensive drug portfolio of branded, generic, over-the-counter drugs, and medical devices, has recently been under the scrutiny related to practices considered price gouging. Following the comment of Democratic Presidential candidat
Published Date: October 16
Jakarta-Bandung Railway Construction to Begin on November 9th
Construction of another railroad line in the middle of Jakarta and Bandung is set to start ahead of schedule one month from now, an authority said on Friday. The $5.5 billion project is a joint endeavor between China Railway International and a consortium of Indonesian state-claimed organizations, c
Published Date: October 16
New Draft Guidance Issued by FDA for Animal Studies for Medical Devices
The United States Food and Drug Administration has issued a new draft guidance that highlights suggested industry procedures and practices while reporting as well as conducting animal studies for medical devices. The most recent guidance will be kept open for the public to comment upon over the next
Published Date: October 16
China to Seek Energy Efficiency in their Construction Projects
According to the International Energy Association, with $18 bn, China ranks second in the energy efficiency investment for buildings. The International Energy Association released the news in Washington at the Center for Strategic International Studies. Philippe Benoit, the head of Energy Efficiency
Published Date: October 15
China Sets Higher Solar Target for 2020
The solar market in China is booming. Backed by favorable regulations and massive investment by large companies, the solar energy sector in China is growing by leaps and bounds. Earlier, in China, it was perceived that investing in solar energy would cost them. However, this perception has now chang
Published Date: October 15
Takeaway Market Benefits with Perfect Positioning
Statistics published by Euromonitor International show that Britain would have incurred an expense of GBP8 bn a year on takeaways. This ginormous figure can be attributed to growing usage of smartphones and lack of time to cook meals at home. Out of this, the spending on Chinese food, curry, and piz
Published Date: October 15
Senior Bankers in Asias Technology Sector Venturing in Chinese Technology Startups
Taking inspiration from a trend prevalent in the U.S., senior bankers in China are jumping into the bandwagon to join the Chinese technology companies.  During the last two months, head of China technology from Credit Suisse, head of China from J.P Morgan Chase, and the head of media, telecommunic
Published Date: October 15
Signs of Uneasy Acquisitions as Orlen Upstream Canada Buys Kicking Horse Energy Inc
The Polish energy company PKN Orlen has agreed to acquire Kicking Horse Energy Inc. for a premium, signaling the position that energy companies are in while oil and gas sector’s major players are buying smaller distressed energy companies at discounted prices. On Tuesday, Orlen made the announcem
Published Date: October 14
New Chapter of Educational and Scientific Collaboration Amid the UK and China
A month ago's eighth UK-China Education Summit in London resulted in the UK-China Strategic Framework in Education, depicted by British Minister for Universities and Science Jo Johnson as speaking to another period of exploratory and instructive collaboration on an extraordinary scale. As a comp
Published Date: October 14
India Becomes Global Manufacturing Hub for Maruti Baleno
Made in India’ Maruti vehicles are set to get exported to Japan. After more than three decades since Maruti started its operations in India, its vehicles manufactured in the country will be sold by its parent company Suzuki in Japan. Suzuki holds 56% stake in Maruti. With the present Indian govern
Published Date: October 14
Democratic Debate in the U.S. Focuses on Healthcare Insurance for Illegal Immigrants
The Democratic debate has made it clear that the two candidates of the party for presidential nomination would allow illegal immigrants in the U.S. to buy medical coverage from government websites, but to only a limited range. The healthcare overhaul of 2010, which was supported by all the presiden
Published Date: October 14
Major Companies in Solar Power Sector Competing for Better PV Efficiency
The global solar power sector is witnessing rapid growth. Around the world, rapid development can be seen in the solar sector. China and India are now booming in the solar market. The Middle East and North Africa region is also expected to invest substantially in the coming few years in the solar se
Published Date: October 13
Taxes on Berkeley soda Lead to Increased Retail Prices of Sugary-sweetened Beverages
A new study has showed that the taxes levied on soda in Berkeley have led to higher retail prices of sugar sweetened that are sold in the city. Not very long after the city became the first one in the United States to put excuse taxes on sugar sweetened beverages, questions whether the move would l
Published Date: October 13
China's Huawei to Plan Projects in Ethiopia to Improve Schools Connectivity
Huawei, China's telecom service provider to aim at spreading educational exchange in schools in Addis Ababa, the capital of Ethiopia. Huawei, China's telecom remedy provider, recently delivered a new project, 'The Addis Ababa School Net Project' that is aimed to market educational ex
Published Date: October 12