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Debdutta Ghosh


Syrian Forces Edge Towards Turkey Border Helped by Russian Airpower

In a major offensive backed by Russia and Iran, the Syrian army advanced toward the Turkish border on Monday. This the rebels say has seriously jeopardized the future of their
Published on February 8, 2016
By Debdutta Ghosh

Multinationals would be Forced to Disclose Tax Agreements Under New EU Proposals.

According to legislation being drafted by the EU executive, US multinationals such as Google, Facebook and Amazon will be forced to publicly disclose their earnings and tax bills in Europe,
Published on February 8, 2016
By Debdutta Ghosh

Fund Head at Volkswagen says Company to Offer Generous Compensation for US Customers

In a move that is aimed to pacify the US customers, Volkswagen announced offering generous compensation packages to the roughly 600,000 U.S. owners of diesel vehicles who were affected by
Published on February 8, 2016
By Debdutta Ghosh

U.S. Missile Defense Buildup May be Spurred in Asia After North Korea Rocket Launch

A move that could further strain U.S.-China ties and also hurt relations between Beijing and Seoul, a buildup of U.S. missile defense systems in Asia could begin after North Korea’s
Published on February 8, 2016
By Debdutta Ghosh

With the Aim to Trim Costs, BlackBerry Cuts 200 Jobs in Ontario and Florida

With the aim of reducing operation costs, BlackBerry Ltd is cutting 200 jobs at its hometown headquarters in Ontario and in Florida, the company said in a statement. The company
Published on February 6, 2016
By Debdutta Ghosh

Moscow Offices Raids Disrupted Top Cybercrime Ring: Reuters

As part of a crackdown on one of the worldโ€™s most notorious financial hacking operations, Russian authorities in November raided offices associated with a Moscow film distribution and production company,
Published on February 6, 2016
By Debdutta Ghosh

EU Should Appeal to the WTO with the Steel Dumping Issue says China

Responding to reports that the European Commission (EC) was preparing to impose duties on imported Chinese steel, China’s Ministry of Commerce said that claims it was dumping steel in Europe
Published on February 6, 2016
By Debdutta Ghosh

Amidst Intensified Assault in Aleppo, Syrians Flee to Turkish Border

Intensifying an assault on rebel-held areas that has prompted tens of thousands more Syrians to seek refuge across the border in Turkey, Russian and Syrian government forces gained ground north
Published on February 6, 2016
By Debdutta Ghosh

Lack of Clarity over Allocation for Emission Scandal Forces VW to Postpone 2015 Results

As the company struggles and continues to grapple with the effects of the emissions test rigging scandal that hit it late last year, German carmaker Volkswagen said it would push
Published on February 5, 2016
By Debdutta Ghosh

Northern Aleppo Countryside ‘Totally Encircled’, say Syrian Rebel Commander

Even as heavy Russian bombardment continued, the northern countryside of Aleppo province was completely encircled by Syrian government forces and its allies, said the commander of a U.S.-supported Syrian rebel
Published on February 5, 2016
By Debdutta Ghosh

Agreement on Most Issues on Takeover of Sharp by Foxconn says the Company

After the two firms reached a consensus on most points, Taiwan’s Foxconn is aiming to finalize a deal to acquire Japan’s Sharp Corp by the end of the month, Foxconn
Published on February 5, 2016
By Debdutta Ghosh

UN Panel Decides WikiLeaks’ Assange Should Go Free from Embassy and be Compensated

A much awaited opinion of the UN panel has opined that WikiLeaks founder Julian Assange should be allowed to go free from the Ecuadorian embassy in London and be awarded
Published on February 5, 2016
By Debdutta Ghosh

Mercedes’ Parent Daimler Outlook Confuses Investors Resulting in Fall in Shares

After Daimler expressed caution about 2016โ€™s prospects, some analysts reckoned the companyโ€™s message was misunderstood, there was fall in the shares of the company on the Frankfurt stock exchange. Clocking
Published on February 4, 2016
By Debdutta Ghosh

London Trader Helped Cause 2010 โ€œFlash Crashโ€, Accuses US

A prosecutor for U.S authorities seeking his extradition claimed on Thursday that a London-based trader’s market manipulation helped cause the 2010 Wall Street “flash crash” which netted him some $878,000
Published on February 4, 2016
By Debdutta Ghosh

BBC Claims U.N. Panel to Rule that WikiLeaks’ Assange ‘Unlawfully Detained’ in Ecuador Embassy

A United Nations panel examining an appeal by WikiLeaks founder Julian Assange will rule on Friday that his three-and-a-half-year stay in the Ecuadorian embassy in London amounts to ‘unlawful detention’,
Published on February 4, 2016
By Debdutta Ghosh

As Syrian Rebels Remain in Hope of More Weapons, the Army Closes in on Aleppo

Even as Syrian rebels pounded by Russian air strikes expressed hope that the failure of Geneva peace talks would encourage their foreign backers to send better weapons, a Syrian army
Published on February 4, 2016
By Debdutta Ghosh

British Keyboard Apps Firm SwiftKey Bought by Microsoft for $250 Million

Promising that it will continue to develop the companyโ€™s Android and iOS keyboard apps, Microsoft has acquired British apps firm SwiftKey for a reported $250 million (ยฃ173.2 million). Shortly it
Published on February 3, 2016
By Debdutta Ghosh

Sexual Transmission thought to be Behind the First Reported US Case of Zika Virus Transmission

A day after the World Health Organization declared an international public health emergency, the first known case of Zika virus transmission in the United States was reported in Texas on
Published on February 3, 2016
By Debdutta Ghosh

EU-US Sign โ€˜Robustโ€™ Deal for Data Sharing and Privacy Preservation

In what is being termed a robust measure to ensure the safety of EU citizensโ€™ data when transferred across the Atlantic by firms such as Facebook, Apple and Google, Europe
Published on February 3, 2016
By Debdutta Ghosh

15% Job Cuts Likely as Yahoo Pursues Spin-off as a Strategic Alternative

Even as Yahoo Inc continues with its plan to revamp the business and spin it off, the tech giant said on Tuesday that it would consider “strategic alternatives” for its
Published on February 3, 2016
By Debdutta Ghosh

$43 Billion to be Offered for Switzerlandโ€™s Syngenta by ChemChina

Marking the largest ever overseas acquisition by a Chinese firm, an agreed $43 billion bid would be made by China’s state-owned ChemChina for Swiss seeds and pesticides group Syngenta, the
Published on February 3, 2016
By Debdutta Ghosh

Oil Market Pressure Results in Biggest Ever Annual Loss Reported by BP

Exhibiting that even one of the nimblest oil producers is struggling in the worst market downturn in over a decade, BP slumped to its biggest annual loss last year and
Published on February 2, 2016
By Debdutta Ghosh

Overtaking Apple, Alphabet becomes the Most Valuable Company – But For Now

In the run to the race for being the most valuable company in the world Alphabet seems to have won the battle but questions are being raised whether it would
Published on February 2, 2016
By Debdutta Ghosh

WHO Issues Zika Alert, Africa, Asia Vulnerable to Spread the Virus

As the World Health Organization launched a global response unit against the new medical emergency caused by Zika virus, the WHO warned that the Zika virus linked to a microcephaly
Published on February 2, 2016
By Debdutta Ghosh

John Kerry says Libya Threatened by ISIS Despite Being Pushed Back in Iraq and Syria

The Islamic State is threatening Libya and could seize the nation’s oil wealth even as an international coalition is pushing back the radical group militants in their Syrian and Iraqi
Published on February 2, 2016
By Debdutta Ghosh

Chinese Investigators say $7.6 Billion Taken by Online Lender Ezubao in Ponzi Scheme

In what is being referred to as an enormous Ponzi scheme, local authorities in China are investigating allegations where a Chinese online finance company bilked investors out of more than
Published on February 1, 2016
By Debdutta Ghosh

Settlement over Dark Pool Reached Between Barclays, Credit Suisse and SEC, NY

With Barclays admitting it broke the law and agreeing to pay $70 million, Barclays and Credit Suisse have settled federal and state charges that they misled investors in their dark
Published on February 1, 2016
By Debdutta Ghosh

First Peek into the ‘Moonshot’ Bets of Alphabet Likely in Fourth Quarter Results

While the project is no more a secret, what the market wants to know is now is how much is Google-parent Alphabet Inc spending on “moonshots” โ€“ self-driving cars. Apart
Published on February 1, 2016
By Debdutta Ghosh

Nokia Shares Hit as it Forecast Patent Sales From Samsung

The financial terms of the deal between Nokia and South Korea’s Samsung that settled a lengthy patent dispute between the companies have left the investors disappointed. The settlement deal was
Published on February 1, 2016
By Debdutta Ghosh

Analysts say Just Days Left for Verdict on Settlement in Nokia-Samsung Patent Case

With analysts forecasting a one-time payment of hundreds of millions of euros for the Finnish company, Nokia and Samsung are expected to settle their two-year patent dispute within days. In
Published on January 30, 2016
By Debdutta Ghosh

Private Gun Advertising and Transactions Blocked on Facebook, Instagram

Facebook is taking steps to stop private individuals from advertising guns. Individuals would also no longer be allowed to sell and advertise guns on Instagram, the photo-sharing service owned by
Published on January 30, 2016
By Debdutta Ghosh

US Companies Being Unfairly Targeted Over Taxes by European Commission, say US Officials

The US Treasury official in charge of international tax policy, Robert Stack claimed that companies like Apple, Amazon, Starbucks and McDonaldโ€™s are being unfairly targeted by the European Commission over
Published on January 30, 2016
By Debdutta Ghosh

Virtual Reality Efforts of Apple Boosted by Building of a Secret Team: Media Reports

As Apple seeks new sources of growth beyond the iPhone, the IT giant has reportedly built prototypes of headsets that could one day rival Facebookโ€™s Oculus Rift or Microsoftโ€™s Hololens
Published on January 30, 2016
By Debdutta Ghosh

Contract for Two New Presidential Air Force One Jets Granted to Boeing

Work is soon to begin for a new fleet of Air Force One presidential aircraft by Boeing Co soon after the airplane maker won a contract to start the preliminary
Published on January 30, 2016
By Debdutta Ghosh

$25 Billion Deal Signed Between Airbus and Iran for Supply of 118 Planes

Airbus would supply 118 plans to Iran. The European airplane manufacturing company signed a deal to this effect worth $25bn (โ‚ฌ22bn) at list prices. This is being tipped as the
Published on January 29, 2016
By Debdutta Ghosh

Tiny Italian Mountain Town Celebrates Birth of First Baby in 28 Years

New born Baby Pablo sent residents celebrating in a small town in northern Italy as it is the first baby in the town since the 1980s. The new arrival is
Published on January 29, 2016
By Debdutta Ghosh

150 Customized Burger Stores to be Launched by McDonaldโ€™s in China in 2016

As the world’s top restaurant chain aims to grow sales in China after being hit by a fast-food scandal in 2014, McDonald’s Corp plans to launch 150 custom outlets in
Published on January 29, 2016
By Debdutta Ghosh

Law Suits over Cancer Related to Teflon Chemical Would Result in DuPont Facing 40 Trials a Year

A slew of trials โ€“ 40 to be precise, would have to be faced by chemical maker DuPont in the year starting April 2017. These plaintiffs involve people who claim
Published on January 29, 2016
By Debdutta Ghosh

Negative Interest Rates Announced by BOJ Stuns Markets

Stunning investors with another bold move to revive the economy as volatile markets and slowing global growth threaten its efforts to beat deflation, the Bank of Japan unexpectedly cut a
Published on January 29, 2016
By Debdutta Ghosh

World Health Organisation says Zika Virus Spreading ‘Explosively’

Alarmed at the โ€œexplosiveโ€ spread of the Zika virus, which has been linked to thousands of birth defects in Latin America, the World Health Organisation has convened an emergency committee
Published on January 28, 2016
By Debdutta Ghosh

Global Corruption is Better, But It’s Still Bad – Transparency International Report

Although corruption is still rife globally, more countries improved their scores in the 2015 edition of Transparency Internationalโ€™s Corruption Perceptions Index that declined. According to a new report by global
Published on January 28, 2016
By Debdutta Ghosh

Google Evaded 227 million euros in Taxes Believes Italyโ€™s Tax Police: Reports

Google evaded 227 million euros ($247.5 million) in taxes in Italy between 2009 and 2013, reports Reuters quoting sources from the Italian finance police. Google has been at the centre
Published on January 28, 2016
By Debdutta Ghosh

Sale Revenues Top $50 Million for Amazonโ€™s Exclusive Store in the First Year

In what is the first time that data has been disclosed, Amazon.com Inc said that sales on Exclusives topped $50 million in less than a year since its launch, Exclusives
Published on January 28, 2016
By Debdutta Ghosh

Air Bag Safety Scandal Could Result in Ouster of Takata CEO

As pressure builds on a company reeling from the auto industry’s biggest recall, Takata Corp is preparing the ground for the exit of its chief executive reported Reuters. The company
Published on January 28, 2016
By Debdutta Ghosh

After New Drone Law, More than 300,000 Civilian Drones Registered in US in the Last 30 Days

The US Federal Aviation Administration (FAA) has revealed that nearly 300,000 drones have been registered in the US in the last 30 days. All manner of remote control flying systems
Published on January 26, 2016
By Debdutta Ghosh

Virologists say Zika Virus Found In Australian Travellers Returning from South America

Australian travelers returning from South America have been found to carry with the mosquito-borne Zika virus, linked to brain damage in thousands of babies in Brazil,, say Australian virologists. However
Published on January 26, 2016
By Debdutta Ghosh

In a Sweeping Overhaul of its Structure, AIG is to Spin Off its Mortgage Insurance Unit

As part of the sweeping changes that the company has been promising shareholders as it fends off activist investor Carl Icahn, American International Group Inc (AIG) said it would spin
Published on January 26, 2016
By Debdutta Ghosh

Declining Oil Prices Force Russian Economy to Shrink Most Since 2009

Oil decline and sanctions over the conflict in Ukraine that curbed access to international financing has forced Russia’s economy to get contracted the most since 2009 last year as the
Published on January 26, 2016
By Debdutta Ghosh

Oil Gloom and China Rout Deepens Losses in Asian Markets

With a renewed slide in oil prices giving investors few reasons to reassess a darkening outlook for the global economy, a plunge in Chinese share markets capped a miserable day
Published on January 26, 2016
By Debdutta Ghosh

Fight with JD.com to Intensify as Alibaba Revenue Growth Seen Slowest on Record

Thomson Reuters data shows that the weakest quarterly revenue growth on record ever is expected to be posted by Chinese e-commerce giant Alibaba Group Holding Ltd. this, experts believe would
Published on January 25, 2016
By Debdutta Ghosh
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