Eva Lockhardt
Economics
India to outpace China in economic growth this year: IMF
2015 is set to be the watershed year when India’ economic growth will outpace China’s, according to a recent IMF World Economic Outlook forecast. The world’s biggest democracy will grow
Published on April 14, 2015
By Eva Lockhardt
World & Politics
Iran becomes founding member of AIIB
China-led Asian Infrastructure Investment Bank (AIIB) has accepted Iran as a founding member. The decision was made by existing members including China, Britain, France, India and Italy while adding UAE
Published on April 8, 2015
By Eva Lockhardt
Management
Microsoft joins spectrum of companies hiring autistic employees
American software giant Microsoft has announced that it would start a new pilot scheme to employ autistic employees and has joined a slew of companies that are interested in diversifying
Published on April 8, 2015
By Eva Lockhardt
Business & Finance
Canada sells its last few stakes in GM
Ahead of the Canadian Annual Budget release, the government has decided to sell about $2.7 billion worth of share of General Motors Co. The shares being sold is the last
Published on April 7, 2015
By Eva Lockhardt
Business & Finance
Google aims at shaking up Telecom sector
Google Inc aims to make calls made when roaming abroad cheaper. The software giant is in talks to finalize a deal with UK telecom operator Hutchison Whampoa to allow US
Published on April 7, 2015
By Eva Lockhardt
Business & Finance
US defense contractor under trial for illegal outsourcing
A defense contracting company to Pentagon has unlawfully provided a contract as well as federal secret data to an Indian outsourcing company. One Source USA LLC, a defense contractor, is
Published on April 7, 2015
By Eva Lockhardt
Management
Crowdsourcing alienates middle managers
Thanks to new-era technology startups, middle management is becoming a thing of the past. Increasingly, crowdsourcing technologies have taken the place of middle managers in smart companies that detest redundancy
Published on April 6, 2015
By Eva Lockhardt
Economics
Greece positive on paying back IMF Tranche
Greece plans to repay a part of its massive loan from IMF on April 9, the country’s deputy finance minister announced amidst uncertainties over its capacity to pay back. Fears
Published on April 5, 2015
By Eva Lockhardt
Business & Finance
Diageo aims for remaining 50% stake in UNB
Diageo has entered into an agreement with South Africa-based United National Breweries to acquire an additional 50 per cent stake in the company and essentially turning it into a 100%
Published on April 5, 2015
By Eva Lockhardt
Economics
NZ dollar posts record high against Australian dollars
Australia may have won the Cricket World Cup beating New Zealand, but the Kiwis have bowled out Australia in the money market with a record high against the Australian dollar.
Published on April 5, 2015
By Eva Lockhardt
Business & Finance
Tesla hints at fresh non-car product launch
US-based electric car company Tesla Motors has announced that the company would unveil a major non-car product by the end of April, which has created quite a stir in its
Published on March 30, 2015
By Eva Lockhardt
Business & Finance
MYOB set to make largest IPO of the year in Australia
Bain capital’s accounting software firm MYOB is set to launch a $2.8 billion IPO, which will also be the largest float of the year. The US-based private equity firm is
Published on March 29, 2015
By Eva Lockhardt
World & Politics
China’s AIIB gains momentum
China’s Asian Infrastructure Investment Bank has found another ally from the developed countries in the form of Australia. The federal government of the country has yesterday announced it intends to
Published on March 29, 2015
By Eva Lockhardt
Business & Finance
Pepsi garners No.2 position in US beverages market
Pepsi has outranked Diet Coke to get the much-coveted no.2 position in the beverages market share in America, according to an annual report by Beverage Digest. The country bough less
Published on March 26, 2015
By Eva Lockhardt
Management
The American trend of Wall Street to Silicon Valley moves
US-based wealth management and investment firm Morgan Stanley has lost yet another CEO candidate from its roster with Google Inc poaching its chief financial officer Ruth Porat. Porat’s move from
Published on March 26, 2015
By Eva Lockhardt
Business & Finance
TPG Telecom to buy iiNet for $1.4 billion
Australian telecommunications and IT company TPG Telecom has announced that it will acquire Perth-based Internet service provider and fixed-line telecommunications company iiNet in a move that will make the combined
Published on March 26, 2015
By Eva Lockhardt
World & Politics
Jordan signs $10 billion nuke energy deal with Russia
Jordan has signed a $10 billion deal with Russia to build the kingdom’s first nuclear power plant, with two 1,000-megawatt reactors in the northern part of the country. The deal
Published on March 24, 2015
By Eva Lockhardt
Business & Finance
BNY Mellon to pay $714 million to settle Forex trade suit
The Bank of New York Mellon has agreed to pay $714 million to resolve federal and state allegations that it defrauded pension funds and other clients. The company, while agreeing
Published on March 20, 2015
By Eva Lockhardt
World & Politics
FTC urged by staff to curb Google
The Federal Trade Commission of the US has faced more questions about the way it handled the anti-trust investigation into Google now that an earlier internal report asking for stronger
Published on March 19, 2015
By Eva Lockhardt
Business & Finance
Target to pay $10 million for data breach victims
US-based department store chain Target has agreed to pay $10 million in a settlement addressing a class-action lawsuit filed on the company related to a data breach in 2013. The
Published on March 19, 2015
By Eva Lockhardt
World & Politics
Citigroup to accept US court ruling against Argentina bond payments
US-based Citigroup has decided to not appeal a US judge’s ruling that it cannot process an Argentine sovereign debt payment if he helps the bank exit its custody business in
Published on March 19, 2015
By Eva Lockhardt
World & Politics
US mulls review of airlines subsidy in Middle East
The US government has announced that it is mulling over the claims that a large number of Airlines operating from the Middle East has received subsidies which affects the market.
Published on March 19, 2015
By Eva Lockhardt
Economics
China to inspect dairy imports from New Zealand
The quality control watchdog of China has decided that it would increase scrutiny on milk powder imports from New Zealand after some group of environmental activists threatened to contaminate the
Published on March 16, 2015
By Eva Lockhardt
Business & Finance
US court dismisses suit against Blackberry
Canada-based smartphone maker BlackBerry Ltd has won the dismissal of a US lawsuit which accused the company of fraudulently inflating its stock price. The lawsuit alleged that Blackberry created misleading
Published on March 14, 2015
By Eva Lockhardt
Economics
IEA projects lull in oil prices
The monthly report from the International Energy Agency (IEA) has warned that oil prices may fall further considering the surplus amounts of crude supplies and tightening storage capacity in the
Published on March 14, 2015
By Eva Lockhardt
Science & Technology
World Economic Forum identifies Top 10 technologies of 2015
Do you think zero emission cars fueled completely by hydrogen and computer chips that mimic the human brain are things of a distant future? The good news is that these
Published on March 13, 2015
By Eva Lockhardt
Economics
Household wealth in US skyrockets to a record high
Buoyed by the gains in the stock market and home prices, US household wealth has increased to hit the highest level ever at a record of $82.91 trillion, according to
Published on March 13, 2015
By Eva Lockhardt
Business & Finance
Amazon to tap e-commerce market in India
US-based e-commerce giant Amazon Inc is narrowing down on India as its next potential market with limited success in China, the world’s most populous country. With more than a decade
Published on March 12, 2015
By Eva Lockhardt
Economics
IMF nod for $17.5 billion loan to Ukraine
The International Monetary Fund (IMF) has approved a specific bailout package of $17.5 billion for Ukraine in a step to bolster one of the world’s worst under-performing assets. In a
Published on March 11, 2015
By Eva Lockhardt
Management
Apple, Intel aim to bring more diversity in Tech sector
US-based Technology company Apple Inc has recently announced a $50 million donation to bring more diversity in the Technology sector which is grappling with skewed diversity ratios. The company’s annual
Published on March 11, 2015
By Eva Lockhardt
Business & Finance
McDonald’s Februrary sales spiral down
American hamburger chain McDonald’s is struggling with its sales, thanks to a tectonic shift in consumer’s tastes as well as lifestyle choices, especially in its home country. The fast food
Published on March 9, 2015
By Eva Lockhardt
Economics
EU urges Greece to stop wasting time
Time is running fast for Greece with the recent warning from the Eurozone finance ministers advising the debt-ridden nation on Monday to not waste time and push its reforms faster.
Published on March 9, 2015
By Eva Lockhardt
Business & Finance
GM to buyback $5 billion in shares
American vehicle manufacturing giant General Motors Co. has announced Monday that it would opt for a $5 billion share buyback. The company has gone ahead with this landmark move to
Published on March 9, 2015
By Eva Lockhardt
