Chevron Corp has been facing a series of major setbacks on its Big Foot oil project. Nine of the total sixteen connectors have sunk to the sea bed without any clear reason. Situation of them are now being assessed in order to get the project on track factoring in the indefinite timeline delays....

In the world of inequality, an egalitarian robber always been an attractive character - from the English Robin Hood to the US Jesse James. Many countries like to make heroes out of the bandits who take money from the rich and give to the poor. The economy, in the most primitive sense, also supports...

June 10, Wednesday, at the plenary session in Strasbourg, MEPs approved a resolution based on the report of the Lithuanian deputy Gabrielius Landsbergis. 494 deputies supported the draft resolution of Landsbergis, 135 voted against, another 69 abstained. Resolution of the European Parliament are...

Consolidation has become the norm in the booming movie screen business in India India-based multiplex movie screen chain PVR Ltd has acquired real estate major DLF’s DT Cinemas for Rs 500 crore.   The new investment in the booming movie screen business signals a wave of consolidation unseen...

At the end of 2014, the US was the only bright spot among the world's largest economies. China's economic growth had slowed, Europe was on the brink of deflation, and Japan was coping with recession. However, the performance of the US economy became worse in 2015. Economic indicators show that the...

Italian real estate brokers have welcomed the price drop occurring in the property market. With easing of lending and mortgaging rates, consumers have been encouraged towards purchasing real estate. Financial institutions have predicted gradual recovery of the Italian property sector. Home property...

The experts of Moody's rating agency identified the main risks that could result in a downgrade of the UK credit rating in the future. According to published estimates of Moody's Investors Service analysts, in 2015-2016, UK economy will show a stable trend (with GDP growth rates of 2.7% and 2.4%,...

In a setback to investors and market enthusiasts, the IMF has downgraded the GDP estimate for US this year and advised the Federal Reserve to not increase the rates until the first half of 2016. The International Monetary Fund has given a red herring to the US economy. The international watchdog...

25 years ago, the Chinese authorities brutally suppressed the protests by broke up a demonstration in Tiananmen Square in Beijing. Today, non-conformism took new forms - in particular in art. Mostly, West associates intelligent, creative protest against the ideological pressure the Chinese...