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Marriott Hotels To Buy Out Rival Starwood In USD12.2 Billion Merger

Nov 16, 2015 16:54 pm UTC| Business

Marriott International is poised to become the worlds biggest hotel chain as it has announced its intention to purchase its rival Starwood. The Washington Post said the USD12.2 billion stock and cash deal will make the...

Apple’s First Southeast Asian Retail Store To Run On Solar Power

Nov 16, 2015 12:21 pm UTC| Business Technicals

Apple is finally taking its first step to open its retail store in Southeast Asia. The store will be located in Singapore and will reportedly run on renewable energy. Reuters reported that the Cupertino company has...

Moody’s Downgrades Toshiba To Baa3 Following Poor Financial Results, Lawsuit

Nov 12, 2015 04:58 am UTC| Business

Toshiba, the Japan-based multinational conglomerate, released its financial results on Saturday. Toshiba Group as a whole recorded a consolidated operating loss of 90.5 billion yen ($754 million) and a decline of 228.4...

U.S. True Debt Pegged At USD65 Trillion, Not USD18.5, Ex-GAO Chief Says

Nov 11, 2015 15:29 pm UTC| Business Economy

The true debt of the US is apparently bigger than what everyone thinks. In an radio interview that aired on Sunday, former Government Accountability Office (GAO) head Dave Walker said that the countrys true debt is...

Netflix ‘Making A Murderer’ Coming Next Month

Nov 11, 2015 05:00 am UTC| Business

Based on true-story, Making A Murderer is a 10-part documentary series directed by Laura Ricciardi and Moira Demos. Netflix announced that the full series will debut on December 18th, and will get a two-episode preview at...

Fitch Downgrades Volkswagen’s Rating Following Emissions Scandal

Nov 10, 2015 12:16 pm UTC| Business

Fitch Ratings, the international ratings agency, has downgraded Volkswagen AGs Long-term Issuer Default Rating (IDR) to BBB+ from A, Short-term IDR to F2 from F1 and said that the Outlook on the Long-term IDR is...

Yahoo Turns To McKinsey For Re-organization

Nov 10, 2015 06:05 am UTC| Business

Yahoo Inc. has hired McKinsey Co. to help with reorganisation, several sources close to the matter told Recode. The consulting firm will help Yahoo to decide which units to close, sell and invest more in. According to...

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Economy

Interest rates: the ugly dilemma facing Europe’s central banks – and why it’s a mistake to cut too soon

Central banks in Europe are discovering an old dilemma: when they lower interest rates because inflation is slowing down, its likely to weaken their currencies. This in turn may delay the fall in inflation towards their...

Europe is still in short-term crisis mode over Ukraine and lacks a vision for its post-war identity

Some believe that the war in Ukraine has fundamentally changed Europe, giving birth to a different kind of European order. That is, it appears to be driving structural shifts in the way Europe is run and organised that...

Mortgage prisoners: regulatory changes and low credit scores have left thousands trapped in a cycle of high payments

There are 8.5 million households in the UK who own a home with a residential mortgage, often with fixed interest rates from two to five years. Usually, when that mortgage deal ends, the borrower will move to another deal...

What should you do if you can’t pay your rent or mortgage?

The cost of living crisis is making it difficult for many people to pay their bills, including housing costs. Private sector rents have increased by an average 9% over the year to February 2024, and rising interest rates...

Reducing energy demand and improving efficiency will help prevent the next gas crisis

Gas prices have relaxed, Europe has come out of the winter with record gas storage levels and a surfeit of liquefied natural gas is set to reach the shores of Europe over the coming years. Many commentators are hopeful...

Politics

Gabon: post-coup dialogue has mapped out path to democracy – now military leaders must act

At the end of April 2024, a long and peaceful process of national dialogue in Gabon between the military junta, presided over by coup leader General Brice Oligui Nguema, and civil society, represented by 580 civilians,...

How German media attention idealises female Ukrainian refugees

According to the latest available data, around 3.7 million Ukrainians are internally displaced, while nearly 6.5 million have registered as refugees globally. With 1.13 million, Germany has taken in the largest...

Over 26 million South Africans get a social grant. Fear of losing the payment used to be a reason to vote for the ANC, but no longer – study

Social grants to reduce poverty feature prominently in the campaign promises of political parties in South Africas 2024 national and provincial general elections, set for 29 May. The countrys social grants system is one...

Donald Trump Allegedly Offers Oil Execs a Deal to Scrap EV Incentives for $1B Donation

Former President Donald Trump reportedly proposed a $1 billion deal to oil executives, offering to end electric vehicle (EV) subsidies in return for campaign funding, according to The Washington Post. This move underscores...

US Supreme Court upended decades of precedent in 2022 by allowing voters to vote with gerrymandered maps instead of fixing the congressional districts first

For the 2022 midterm elections, the U.S. Supreme Court allowed Alabama to use congressional districts that violated the law and diluted the voting power of Black citizens. A 5-4 vote by the Supreme Court in February...

Science

Is dark matter’s main rival theory dead? There’s bad news from the Cassini spacecraft and other recent tests

One of the biggest mysteries in astrophysics today is that the forces in galaxies do not seem to add up. Galaxies rotate much faster than predicted by applying Newtons law of gravity to their visible matter, despite those...

Why are algorithms called algorithms? A brief history of the Persian polymath you’ve likely never heard of

Algorithms have become integral to our lives. From social media apps to Netflix, algorithms learn your preferences and prioritise the content you are shown. Google Maps and artificial intelligence are nothing without...

IceCube researchers detect a rare type of energetic neutrino sent from powerful astronomical objects

About a trillion tiny particles called neutrinos pass through you every second. Created during the Big Bang, these relic neutrinos exist throughout the entire universe, but they cant harm you. In fact, only one of them is...

The Mars Sample Return mission has a shaky future, and NASA is calling on private companies for backup

A critical NASA mission in the search for life beyond Earth, Mars Sample Return, is in trouble. Its budget has ballooned from US$5 billion to over $11 billion, and the sample return date may slip from the end of this...

Dark matter: our new experiment aims to turn the ghostly substance into actual light

A ghost is haunting our universe. This has been known in astronomy and cosmology for decades. Observations suggest that about 85% of all the matter in the universe is mysterious and invisible. These two qualities are...

Technology

Tesla Cybertruck Trails Ford F-150 Lightning in Sales as Q1 Figures Disappoint Wall Street

New registration data reveals that the Tesla Cybertruck ranked second to the Ford F-150 Lightning in March. Meanwhile, Teslas Q1 sales missed Wall Street expectations, marking the first year-over-year quarterly decline...

Bitcoin Developers Tease Major Trigger for Next Bull Run: Programmability Upgrade

Bitcoin developers suggest enabling programmability on the blockchain could be the key trigger for the next bull run, following the SECs approval of spot Bitcoin ETF trading and the BTC halving. Developers Eye...

Top 3 Altcoins to Watch This Week: SOL, FTM, and LINK Set for Growth

This week, market experts spotlight Solana (SOL), Fantom (FTM), and Chainlink (LINK) as top altcoins to watch, highlighting their unique strengths and recent performance amid unusual market patterns. Solana Overcomes...

Ripple Warns: Math Prof Predicts Quantum Threat to Blockchain, Urges Crypto Key Overhaul

Ripple recently highlighted a warning from Professor Massimiliano Sala, urging the crypto industry to replace current public-key cryptosystems due to vulnerabilities exposed by advancing quantum technology. Professor...
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