The Organization of Petroleum Exporting Countries (OPEC) raised its forecast for demand for its oil this year, as the failure of OPEC to maintain world prices by reducing production begins to affect other manufacturers. In its monthly report, OPEC raised its forecast of demand for crude oil...

Ernst & Young auditor is willing to pay $ 10 million to settle the prosecutor's office in New York lawsuit associated with the collapse of Lehman Brothers investment bank in 2008, reported Reuters citing informed sources. The lawsuit alleges that the company "has contributed to massive...

In the 1st quarter of 2015, the American automaker Ford Motor Co. increased sales in Europe by 12.5% compared to the same period last year, according to Associated Press. Ford’s sales in 20 European countries in January-March reached 335.1 thousand of cars. As vice president of sales for the...

There is a sea of disparity of incomes levels between the super-rich and those who have barely anything. The UN is working towards reducing this disparity so as to spread the wealth and make business more sustainable. Last January, with the World Economic Forum (WEF) meeting in Switzerland, which...

The Pacific Nation states bear the brunt of global warming on a day-to-day basis. Their very survival is dependent on the details of the climatic funding by other nation states which is to be decided in Paris later this year. Home to almost 10 million people, the Pacific Islands comprises of 22...

The biggest producer of copper across the world is anticipated to produce 5.94 million tonnes of copper in the year 2015. World’s leading producer and exporter of copper, Chile has revised its output forecast downward for the red metal copper from 6.0 million to 5.94 million tonnes for the year...

The CEO of Xiaomi Lei Jun said that the Chinese company is more likely to be interfered by counterfeit copies of its products. According to the publication, the Chinese company Xiaomi, which was accused of imitating or even direct copying Apple for years, faced the same problem as Tim Cook’s...

A crowd sourced feedback mechanism in the lines TripAdvisor could very well streamline and revolutionize the working of aid agencies, TripAdvisor could potentially be act as a model for quick crowdsourced feedback which highlights the performance, ambiance and eco-friendliness of restaurants and...

The largest in the past decade transaction of Royal Dutch Shell concern to buy British BG Group due to low oil prices was carried in the oil and gas sector. According to the German edition of DW and expert on commodity market Eugene Weinberg, it can give impetus to a whole series of similar...