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Debdutta Ghosh


Former Tennis Player Pleading Guilty Raises Concerns over Match Fixing in Tennis

After a former Australian professional tennis player pleaded guilty to match-fixing just hours after a top global bookmaker suspended betting on a suspicious match at the Australian Open, allegations of
Published on January 25, 2016
By Debdutta Ghosh

Twitter CEO Dorsey tweets Top Executives to Leave Company

In the biggest leadership changes since Dorsey returned as chief executive as he struggles to revive the company’s growth, four senior Twitter executives are leaving the media company, CEO Jack
Published on January 25, 2016
By Debdutta Ghosh

Rally in Oil Prices is Followed by a Surge in Asian Shares

Extending gains from Friday after a rally in battered oil prices prompted a rise in global equities, shares in Chinese and other Asian markets began the week on a firmer
Published on January 25, 2016
By Debdutta Ghosh

Britain Threatened in an ISIS video that Purports to Show Paris Attackers

Images and last statements of nine of the people who took part in the Paris attacks that killed 130 people on November 13 were shown in a video published on
Published on January 25, 2016
By Debdutta Ghosh

130 Million Pounds in Back Taxes Would be Paid by Google to UK Tax Authorities to Settle Probe

Prompting criticism from opposition MPs and campaigners who say the “derisory” figure smacks of a “sweetheart deal”, Google has agreed to pay 130 million pounds ($264 million) in back taxes
Published on January 24, 2016
By Debdutta Ghosh

Greek Islanders Likely be Nominated for the Nobel Peace Prize

With the support of their national government, Greek islanders who have been on the frontline of the refugee crisis are to be nominated for the Nobel peace prize. Those who
Published on January 24, 2016
By Debdutta Ghosh

AIG to Pursue Spin-Off of Mortgage Insurance Unit: Reuters

In a move that would come as the U.S. insurer fends off activist investor Carl Icahn, American International Group Inc has decided to pursue a spin-off of its mortgage insurance
Published on January 24, 2016
By Debdutta Ghosh

Iran Likely to Seal Deal with Airbus for 114 Aircrafts During Rouhaniโ€™s Europe visit

114 aircrafts would be bought by Tran from European plane maker Airbus in a contract that is expected to be signed during the visit of President Hassan Rouhani to Paris
Published on January 24, 2016
By Debdutta Ghosh

Google Paid Rival Apple $1 Billion to Retain its OS as Default iOS Search Engine

Despite the fact that Apple and Google are rivals, Google is still the default search engine for mobile Safari, which is the pre-installed web browser on iPads and iPhones, primarily
Published on January 22, 2016
By Debdutta Ghosh

More Than 2,500 New Permanent Recruitments to be Made by Amazon in 2016 in UK

As Amazon expands across the country, it will create more than 2,500 permanent jobs in the UK this year. By the end of 2016, the US based on line retailerโ€™s
Published on January 22, 2016
By Debdutta Ghosh

Iran Ready to Sell Oil at Very Low Prices โ€“ But Why?

Very recently sanctions imposed by the EU and the U.S on Iran for decades now were lifted. Iran can once again sell more oil to global markets with the sanctions
Published on January 22, 2016
By Debdutta Ghosh

Global Stimulus Hopes Pull up China Share to End Higher

In a relatively muted response to hints of more policy stimulus in Europe and Japan that prompted a robust rally in battered oil prices and equities elsewhere, China’s fragile shares
Published on January 22, 2016
By Debdutta Ghosh

NLRB Judge Rules Wal-Mart Strikes Lawful and it Must Reinstate Workers

A National Labor Relations Board judge ruled that the Wal-Mart Stores management unlawfully retaliated against workers who participated in strikes in 2013 and must offer to reinstate 16 dismissed employees.
Published on January 22, 2016
By Debdutta Ghosh

Is sunlight the new oil for the Countries of GCC?

The sun could be the new oil for the GCC countries says a report published by the International Renewable Energy Agency (Irena) at the the ongoing Abu Dhabi Sustainability Week.
Published on January 21, 2016
By Debdutta Ghosh

War Time Pressures Force ISIS to Cut its Fightersโ€™ Salaries by 50%

Documents leaked from inside the ISIS territory reveals that wartime pressure of the Islamic State is forcing it to slash its fightersโ€™ salaries by half. While ISIS operates as a
Published on January 21, 2016
By Debdutta Ghosh

Announcing Retention of Top Management, Foxconn Offers $5.3 Billion for Sharp

Around $5.3 billion has been offered to take over troubled Japanese electronics maker Sharp Corp. by Foxconn, the Taiwanese company that assembles the bulk of the worldโ€™s iPhones, reports the
Published on January 21, 2016
By Debdutta Ghosh

Criminal Attorney Retained Mid Trial by GM Ignition-Switch Plaintiff

Following allegations by General Motors that he and his wife was making misleading statements in their testimony, an Oklahoma man suing General Motors in the first trial in federal litigation
Published on January 21, 2016
By Debdutta Ghosh

PwC Report says Global Business Leaders Most Pessimistic In Three Years

A recent international survey says that global business confidence has fallen to a three-year low. As corporate leaders contemplate a rising tide of threats, the survey of more than 1,400
Published on January 20, 2016
By Debdutta Ghosh

Top Oil Exporting Nations Take up Green Energy due ot Slump in Oil Prices

Some of the worldโ€™s biggest oil exporters are trying to curb domestic consumption of fossil fuels and invest in wind and solar power, due to the oil price slump below
Published on January 20, 2016
By Debdutta Ghosh

Following Bond Settlement, Goldman Posts Smallest Profit in Four years

Due to a $5 billion settlement of crisis-era legal claims that added pain to an already tough three months, Goldman Sachs Group Inc reported its smallest quarterly profit in more
Published on January 20, 2016
By Debdutta Ghosh

Wealth of Half of the Worldโ€™s Population is Owned by 62 Richest Individuals: Oxfam Report

62 of the world’s richest people own the same amount of wealth as half of the world’s population, claims a report of Oxfam. This statistic is being used by the
Published on January 19, 2016
By Debdutta Ghosh

UN Report says More Around 3,500 Yazidi Enslaved by Isis

Around 3,500 people in Iraq, primarily women and children from the Yazidi community have been enslaved by the Islamic State militants, says a UN report. The atrocities that were committed
Published on January 19, 2016
By Debdutta Ghosh

Emerging Economies Going Downhill Fast, say Economists in Davos

As once-booming economies appear trapped in a slow-bleeding cycle of weak growth and investment, more than a trillion dollars of investment flows has fled emerging markets over the past 18
Published on January 19, 2016
By Debdutta Ghosh

Following Chinaโ€™s Slow Growth Data, IMF Cuts Global Growth Forecast

Following new figures from Beijing that showed that the Chinese economy grew at its slowest rate in a quarter of a century in 2015, the International Monetary Fund cut its
Published on January 19, 2016
By Debdutta Ghosh

Market Rise on Hopes of More Government Stimulus as China’s growth hits quarter-century low

Igniting hopes that Beijing would cushion the slowdown with more stimulus policies following revelation of China’s economy which grew at its weakest pace in a quarter of a century last
Published on January 19, 2016
By Debdutta Ghosh

First Ever Flower Grown in Space During a Veggie Experiment

With the first ever bunch of zinnia flowers blooming in space, the attempt of astronauts aboard the International Space Station (ISS), who have been there for nearly two years, the
Published on January 18, 2016
By Debdutta Ghosh

Dokovic Says he was Offered $200,000 to fix a Match in 2006

Novak Djokovic spoke in depth for the first time about being offered $200,000 (ยฃ140,000) to fix a match 10 years ago on a day of extended drama and fevered speculation.
Published on January 18, 2016
By Debdutta Ghosh

Oil Price Fall Further Over Iran Concerns as Banks Drag Down European Markets

Led by banks after the European Central Bank said it would quiz euro zone lenders about high levels of bad loans, European shares fell on Monday toeing the line of
Published on January 18, 2016
By Debdutta Ghosh

Shareholders to File Suit Against Volkswagen Over Emission Scandal

Demanding compensations for the plunge in the share prices due to its emissions test cheating scandal dozens of large shareholders in Volkswagen plan to sue the carmaker in a German
Published on January 18, 2016
By Debdutta Ghosh

Chinese Company Haier Buys GE Appliances Business for $ 5.4 Billion

A month after abandoning a deal with Sweden’s Electrolux, General Electric Co agreed to sell its century-old appliance business to China’s Qingdao Haier Co Ltd for $5.4 billion in cash.
Published on January 15, 2016
By Debdutta Ghosh

Employers in EU Can Now Snoop On Your Private Messages At Work

EU judges have recently ruled that during working hours, all mails โ€“ including even private messages sent via that are sent by employees can be seen by employers in the
Published on January 15, 2016
By Debdutta Ghosh

Intelโ€™s Earnings Beat Expectations Despite Fall in Earnings

Even as the money from data center chips was up markedly, Intel reported a slightly higher quarterly earnings compared to the same period last year. Intel reported that compared to
Published on January 15, 2016
By Debdutta Ghosh

Homegrown Jihadi Intellectual Behind Islamic State Attack on Indonesia say Police

Bahrun Naim, identified by police as the mastermind behind the deadly attack on Jakarta claimed by Islamic State, was quietly running an Internet cafe in the small Indonesian city of
Published on January 15, 2016
By Debdutta Ghosh

As Oil Prices Fall Back Below $30, Stocks, Commodity and Currencies Slide

As oil prices fell back below $30 global stocks kept alive concerns about global growth as world stocks were set for a third straight week of losses on Friday and
Published on January 15, 2016
By Debdutta Ghosh

The Biggest Threat to Global Economy in 2016 Is Climate Change Disaster, Say Experts

According to a survey of 750 experts conducted by the world Economic Forum, a catastrophe caused by climate change is seen as the biggest potential threat to the global economy
Published on January 14, 2016
By Debdutta Ghosh

Despite Revenue Shrinkage, JP Morgan Reports 10% Rise in Fourth Quarter Profits

JP Morgan Chase said on Thursday that despite weakness in its global trading business, its revenue and profit were up modestly in the fourth quarter of 2015. The earnings for
Published on January 14, 2016
By Debdutta Ghosh

Reuters Poll of Economists Say Fed Could Hike Rates Three Times in 2016 Due to Subdued Economic Outlook

A Reuters poll of economists predicts that a more subdued outlook for both the U.S. and world economies would force the Federal Reserve to consider raise of interest rates only
Published on January 14, 2016
By Debdutta Ghosh

Iran Supply Apprehensions and Weak Demand Forces Oil to Fall Below 12 Year Lows

With few signs of improving demand in a fragile global economy and on apprehensions of Iran unleashing its oil on an oversupplied market, oil prices steadied on Thursday, but remained
Published on January 14, 2016
By Debdutta Ghosh

Latest Tech in Low-Priced Models, the New Trend in Carmaking

Up till now the car market has operated on the principle that bigger is better. However the rapidly evolving technology is upending the traditional pecking order in the luxury car
Published on January 13, 2016
By Debdutta Ghosh

As Liberia Expects All-Clear, Ebola Epidemic to be Declared Over by WHO

With the country of Liberia โ€“ the last of the African regions to be still affected be the Ebola virus expecting the all-clear, the two-year Ebola epidemic that killed more
Published on January 13, 2016
By Debdutta Ghosh

China December Economic Data and US Draw See Oil Prices Up for the First Time In Eight Sessions

Following an unexpected draw in weekly U.S. crude oil inventories and positive Chinese trade data gave investors reasons to buy crude futures, oil prices saw a rise for the first
Published on January 13, 2016
By Debdutta Ghosh

Boosting Share Buybacks, Dividend, GM Raises 2016 Profit Outlook

In a step that sent its shares up 4.6 percent in premarket trading, General Motors Co said on Wednesday it will return more cash to shareholders by raising its stock
Published on January 13, 2016
By Debdutta Ghosh

Continuing Oversupply Concerns Keep Oil Trading Volatile

Hit by continuing oversupply, the strong dollar and weak global demand, oil prices have been volatile again. In order to discuss reducing output, some members of the Opec group of
Published on January 12, 2016
By Debdutta Ghosh

Apple is Making an Electric Car Says Tesla Chief Elon Musk

While predicting that vehicles that could not drive themselves would become a “strange anachronism” before too long, Tesla’s owner, Elon Musk, has said it is an “open secret” that Apple
Published on January 12, 2016
By Debdutta Ghosh

Even in the Face of Lowering Gas Costs Automakers Chose to Go Electric

With the US federal fuel -economy standards looming in 2017, car companies are hustling to bring out hybrid and electric models to help them meet the new rules. This despite
Published on January 12, 2016
By Debdutta Ghosh

Value Would be Created for Orange and Jobs Would be Secured by Orange โ€“ Bouygues Merger: Orange CEO

A merger between the French telecoms operator Bouygues and rivals Orange would have created value for the latter and safeguard jobs in the sector, said Orange Chief Executive Stephane Richard
Published on January 12, 2016
By Debdutta Ghosh

China Tycoon’s Firm Buys Film Studio Legendary for $3.5 billion to Become Global Entertainment Player

As China’s richest man steps up a drive to diversify his business empire overseas, Chinese conglomerate Dalian Wanda Group has bought U.S. film studio Legendary Entertainment for about $3.5 billion.
Published on January 12, 2016
By Debdutta Ghosh

Following a Six Month Pursuit Drugmaker Shire wins Baxalta for $32 billion

After an agreed $32 billion cash and stock offer, catapulting it to a leading position in treating rare diseases, drug maker Shire Plc clinched its six-month pursuit of Baxalta International
Published on January 11, 2016
By Debdutta Ghosh

Honda aims for Brand Survival and China Revival with Luxury Acura Makeover

In order to compete with BMW and Audi in the world’s biggest car market, Japan’s Honda Motor Co will launch a new small crossover sport utility vehicle this year in
Published on January 11, 2016
By Debdutta Ghosh

Money can be hard to get for Winner of $1.3b Powerball Winnr given the Potential Suits by Friends, Co-Workers, Family

The Powerball jackpot has risen to a total of $1.3 billion since there has been no winner so far. There are possibilities for big potential liabilities as these astounding numbers
Published on January 11, 2016
By Debdutta Ghosh
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