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Debdutta Ghosh


Oil Over Supply Forces Goldman Sachs to Cut Oil Forecast

Goldman Sachs cut its forecast for Brent and WTI crude through 2016 on the expectation that the glut will persist on Opec production growth, resilient non-Opec supply and slowing demand
Published on September 11, 2015
By Debdutta Ghosh

Diamonds are 29% Cheaper than a Year Ago, Fall in Global Prices of Other Jewels

With prices for the gemstone down as much as 29 percent since last year, it is perhaps time for a splash on some investment jewellery. As the Chinese stock market
Published on September 11, 2015
By Debdutta Ghosh

Apple Launches iPadPro Along With Apple Pencil and Smart Keyboard as Add-ons

In a much hyped and talked about launch event, Apple unveiled the much rumored and speculated iPad Pro. Apple made this launch at a special press event in San Francisco
Published on September 9, 2015
By Debdutta Ghosh

Spinoof Denial by IRS to Derail Yahoo’s Plans to Gain from Alibaba Deal

Dealing a setback blow to Yahoo Inc.โ€™s tax-free plan to spin off some $23 billion worth of shares in Alibaba Group Holding Ltd, the federal government denied the internet company
Published on September 9, 2015
By Debdutta Ghosh

UK Oil Production to Rise for First Time in 15 Years, Even as 65,000 Jobs Were Lost

In an environment where the global crude oil prices have more than halved over the last one year, the oil and gas production from Britainโ€™s waters is set to increase
Published on September 9, 2015
By Debdutta Ghosh

After the Last Oil Fields, ISIS Captures Air Base in Idlib Province in Syria

Increasing pressure on government-held coastal areas north of the capital, Syrian troops have reportedly pulled out of a major air base in North Western Syria after a two-year siege by
Published on September 9, 2015
By Debdutta Ghosh

Europe Should Welcome Refugees, Agree to Mandatory Refugee Sharing System – Jean-Claude Juncker

Toeing the lines of the German Councilor Angela Merkel, the President of the European Commission, Jean-Claude Juncker, on Wednesday, urged the member countries to agree to a mandatory system of
Published on September 9, 2015
By Debdutta Ghosh

SPY Act Answer to In-vehicle Safety of Connected Cars

The threat of vehicle cyber security to customers as well as car manufacturers is immense as the connected car market grows and expands. Mid-year calls due to breach in connected
Published on September 8, 2015
By Debdutta Ghosh

‘Dawn’ – New Convertible From Rolls Royce Unveiled

Tipped to be “the quietest open-top car ever made”, Dawn, the new convertible from Rolls-Royce inspired by a nameplate delivered to customers for a four-year stretch in the 1950s, is
Published on September 8, 2015
By Debdutta Ghosh

GE Gets Nod from EC and DoJ to Complete Historic Acquisition of Alstom

The largest ever acquisition by General Electric was given the green signal by the European Commission (EC) and the Department of Justice. GE can now go ahead with its proposed
Published on September 8, 2015
By Debdutta Ghosh

New Flavoured Whiskey Emerges After Ageing on Board the International Space Station

Samples of whiskey aged in space has produced new flavours, claims a report by whisky distiller Ardbeg who conducted an experiment by comparing the tastes and flavours of whiskey aged
Published on September 8, 2015
By Debdutta Ghosh

Climate Friendly Cities Could Save the World $22tn: Global Commission Report

The world could save more than $22 trillion by 2050 if governments in various countries try and expand the public transport system, stress on the building and the use of
Published on September 8, 2015
By Debdutta Ghosh

British Air Strike Kills Two British ISIS Fighters, France to Begin Arial Reconnaissance

An unprecedented air strike in Syria, earlier authorized by the UK government, killed two Britons fighting with Islamic State, David Cameron has announced. Reyaad Khan, a 21-year-old from Cardiff who
Published on September 7, 2015
By Debdutta Ghosh

Plunge in Oil Prices has Left 5000 Jobless in the North Sea Oil Fields in One Year

The declining global oil prices have not only shattered the market but have also resulted in the loss of than 5,000 jobs since last year in the North Sea oil
Published on September 7, 2015
By Debdutta Ghosh

Apple Increases Hiring for Artificial Intelligence, Possible Preparations to Challenge Google

With a possible intention to challenge Google in an area the Internet search giant has long dominated, Apple has spruced up its efforts to hiring of artificial intelligence experts, reports
Published on September 7, 2015
By Debdutta Ghosh

Kokomo Island: The World’s Only Island for Private Submarines

The worldโ€™s first and only island for private submarines would be showcased at the Monaco Yacht Show, repots Forbes. The first pictures were released by the builders of the island,
Published on September 7, 2015
By Debdutta Ghosh

BlackBerry to Buy Good Technology for $425 Million

To enable its corporate clients manage smartphones running on different operating systems, Canadaโ€™s BlackBerry Ltd announced their intention of buying rival mobile software provider Good Technology Corp for $425 million.
Published on September 7, 2015
By Debdutta Ghosh

EU Refugee Crisis Escalates as Leaders Scramble to Agree on a Universally Acceptable Solution

The fate of the 364,183 migrants who have landed on the continentโ€™s southern shores in 2015 are still uncertain as the European leaders continue to argue over who ought to
Published on September 4, 2015
By Debdutta Ghosh

Rental Income in US Likely to Slow Down after Few More Years

Rental vacancy, the space available for rent, dropped below the lowest point in 30 years which has resulted in net rentals income getting nearly double than what they were about
Published on September 4, 2015
By Debdutta Ghosh

Rate Hike by US Fed May be Delayed Due to Slower Job Growth Data of August

173,000 jobs were added to the American economy in August, which, according to analysts is a weaker than expected result and which could delay the long-awaited increase in interest rates
Published on September 4, 2015
By Debdutta Ghosh

Apple Inc. to Revamp Apple TV, Aims to Gain Toehold into User Residences

Apple Inc. is expected to unveil an upgraded Apple TV, a device similar to a set-top box that brings video and music from the Internet to a television, said media
Published on September 4, 2015
By Debdutta Ghosh

Aircraft Leasing Company Avolon Bought by Chinese Group for $2.5 Billion

In a deal valuing its equity at just over $2.5 billion, the bidding battle for Avolon, the Dublin-based aircraft leasing company, was won over by Bohai Leasing, a unit of
Published on September 4, 2015
By Debdutta Ghosh

Do Not Hike Interest Rates Yet: IMF to G20 Countries

Citing the presence of too many risks to global growth, the International Monetary Fund warned the world’s biggest economies against raising interest rates too soon. The Fund suggested “growth supportive
Published on September 3, 2015
By Debdutta Ghosh

Samsungโ€™s SmartThings Internet of Things Hub Launched

Continuing its hunt for greater smart technologies and following up on its April 2014 acquisition of Smart Things, the startup that created one of the most advertised hubs for the
Published on September 3, 2015
By Debdutta Ghosh

2.5% Rise in Steel Demand Expected Across China and the Rest of the World in the Next 15 Years: Rio Tinto

Rio Tinto PLC, one the world leaders in the production of many commodities including aluminium, iron ore, copper, uranium, coal, and diamonds, is optimistic about the near future of the
Published on September 3, 2015
By Debdutta Ghosh

EU Migrant Crisis: Eurostar Trains Held Up Overnight After Tresspassers Climb on Trains

Hundreds of passengers were trapped in a Eurostar train for an entire night on Wednesday due to disruptions by migrants. The Eurostar trains experienced long delays overnight and some of
Published on September 3, 2015
By Debdutta Ghosh

95 Million Less Cigarette Packs Sold After CVS Tobacco Ban in Its Retail Pharmacy Stores

An analysis of the retail market data in the US by CVS Health shows that there has been a reduction of reduction of at least 95 million packets of cigarettes
Published on September 3, 2015
By Debdutta Ghosh

Asian Electronics Companies Steal The Show At IFA 2015, US Giants Absent

Asian IT and electronic companies like of Samsung, Huawei, Lenovo, Sony stole the show at the Europe’s largest consumer electronics show, prompted by the absence of major US companies like
Published on September 2, 2015
By Debdutta Ghosh

TESCO Reported to Have Finalized Bidder for its South Korean Business Sell Off

In an attempt to cut its ยฃ22bn debts and fund a turnaround plan as it recovers from an accounting scandal, UK supermarket giant Tesco has chosen private equity firm MBK
Published on September 2, 2015
By Debdutta Ghosh

Tanium, The World’s Hottest Cybersecurity Startup, Makes Father Son Duo Billionaires in Just 3 Years

The father and son due inventor and co-founder of Tauim, a cybersecurity startup that helps protect governments and many of the worldโ€™s largest companies including Amazon, Target, Visa, and Verizo,
Published on September 2, 2015
By Debdutta Ghosh

Native Mobile Video Ads Support For Developers Yahoo’s New Strategy to Boost Revenue

Yahoo plans to boost growth in both its topline and bottom line by enabling mobile developers integrate their native video ads into their apps as users. This move by the
Published on September 2, 2015
By Debdutta Ghosh

Aerospace Industry Outlook Optimistic, Fuel Price Volatility and Interest Rate Hikes Areas of Concern: Finds a Survey

The aerospace industry is well placed to perform well in the short term but the worrying factors for the industry are the looming interest rate hikes and fuel price volatility,
Published on September 2, 2015
By Debdutta Ghosh

Amazon Beats Netflix to Off-line Video Streaming and Download

User of Amazon would now be able to download television shows and movies via its streaming service to watch while offline on pretty much all mobile devices, the company announced
Published on September 1, 2015
By Debdutta Ghosh

EU needs a unified European migration policy: Angela Merkel

As the EU refugee crisis deepens, German Chancellor Angela Merkel on Monday called for greater EU co-operation on the issue and implicitly called for other countries to welcome more refugees.
Published on September 1, 2015
By Debdutta Ghosh

Canadian Economy Shrinks for Second Consecutive Quarter, Fears of Economic Recession Mounts

For the first time since the financial crisis there was a shrinking in the Canadian economy in the second quarter and put the country in recession. The shrinkage has been
Published on September 1, 2015
By Debdutta Ghosh

Bartender Wins $1 Million in Lottery From $20 dollar He Found on the Street

20 dollars is worth 1 million. Thatโ€™s what bare tender Bartender Hubert Tang fond out after he bought two $10 scratch-off tickets with $20 he found lying on the streets
Published on September 1, 2015
By Debdutta Ghosh

Toyota Sale in August Drops y-o-y, Lexus Has the Best Ever Month

Sale of Toyota Motor Sales, USA decreased by 8.8 percent in August 2015 on a volume basis compared to the same period last year. The company managed to sell 224,381
Published on September 1, 2015
By Debdutta Ghosh

After Reporter and Financial Executives, 197 Detained in China for Spreading On-line Rumours

197 people in China have been charged and punished allegedly for committing crimes related to spreading of rumours on-line. The Chinese Ministry of Public Security, while announcing this did not
Published on August 31, 2015
By Debdutta Ghosh

Hotels Offer Innovative Online Products to Fight Off Dominance by Online Travel Agencies

Expedia, Travelocity, Orbitz and Priceline, the travel websites, have been able to draw travelers to find and reserve hotel rooms, flights and rental cars. Even though they had to pay
Published on August 31, 2015
By Debdutta Ghosh

While Other Banks Shy Away, Citi Aims to Boost Equities Franchise

In a bid to capitalize on a retrenchment by rivals in the face of new rules designed to make the financial system less risky, the Citigroup plans to rebuild its
Published on August 31, 2015
By Debdutta Ghosh

Google’s Android Wear Now Compatible with iPhone

Google announced that now Android Wear will works with the Apple iPhone. Though Googleโ€™s announcement does not confirm whether one would need an Android Wear app for iPhone but some
Published on August 31, 2015
By Debdutta Ghosh

Worldโ€™s Smallest Ball Bearings Developed in Japan and Recognized by Guinness

Like many other gadgets small, the Guinness World Record for the smallest commercially available steel ball bearing is now with Japan. Japanโ€™s Minebea Co., Ltd. was awarded this distinction for
Published on August 31, 2015
By Debdutta Ghosh

Africa’s Richest Man Challanges Lafarge, Slated to Become Largest Cement Producer in the Continent

In a bid to gain supremacy in the African cement market, the richest man on the continent announced the construction of cement plants in 11 countries of the continent. Nigerian
Published on August 28, 2015
By Debdutta Ghosh

CEO of Infidelity Website Resigns After Third Leak

Following a third round of leaks of userโ€™s emails and after suppressed allegations about the affairs despite earlier denials, the chief executive of extramarital affairs website Ashley Madison has left
Published on August 28, 2015
By Debdutta Ghosh

Declining Refinery Profits Stare in the Face of Big Oil Companies

Lowering of demand due to easing of summer gasoline consumption makes analysts and executives worried about the prospect of lower refining profits in the second half of the year. The
Published on August 28, 2015
By Debdutta Ghosh

Technology to Convert Natural Gas into Methanol Being Jointly Researched by EERC and FuelCell Energy

EERC, the Energy & Environmental Research Center of the University of North Dakota has teamed up with FuelCell Energy, Inc to develop a durable, low-cost, and high-performance electrochemical cell to
Published on August 28, 2015
By Debdutta Ghosh

Four UK Retail Giants Lose Market Share to Discounters

Retail giants Tesco, Sainsbury and Morrison, all contributed to the fall in the sales in terms of volumes in the UK supermarket in recent weeks fell. This is the first
Published on August 28, 2015
By Debdutta Ghosh

Total sells $900 million of its UK Gas Assets, More Could be in the Anvil

Pressurized by continuous crude oil price fall in the international market, Total, one of the biggest energy firms operating in the North Sea, has sold off $900 million or ยฃ585
Published on August 27, 2015
By Debdutta Ghosh

Google Denies EU Anti Trust Charges, Submits 150 Page Document

Claiming that the services of the company increased the choice for the local customers, Google, on Thursday, refuted the claims from the European Union’s top antitrust official that the company
Published on August 27, 2015
By Debdutta Ghosh

Ukraine Reaches Agreement with Creditors, Russia Disapproves Deal

Ukraine, troubled with an ethnic war, avoided failing a debt repayment crisis after it reached what its finance minister called a “win-win” deal with its largest group of creditors. The
Published on August 27, 2015
By Debdutta Ghosh
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