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Updated: 1 hour 28 min ago

CBRE Becomes One of the Largest Property Managers in the World After Acquiring Global Workplace Solutions

3 hours 33 min ago

The completion of acquiring Global Workplace Solutions, in a deal of 1.5 billion, makes CBRE Group Inc. one of the world's largest property managers.

The real estate services company based in Los Angeles will now be less reliant on commissions earned from brokering property sales and leases.

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Categories: UAE News

ConocoPhillips to Trim ten Percent of its Workforce in Second Round of Job Cut

3 hours 35 min ago

Drop in crude oil prices is affecting the crude producers and one live example is ConocoPhillips. The company headquartered in Houston said on Tuesday said that it will reduce ten percent of its workforce. This is the second round of lay off for the company that trimmed five percent of its staff just few months back.

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Categories: UAE News

Consumer Protection Panel Recommends Airlines should Disclose Fees, Seat Sizes and Hotels should Mention all Mandatory Fees

3 hours 38 min ago

On Tuesday, a federal panel, Advisory Committee for Aviation Consumer Protections said that all airlines should disclose the overall costs without hiding them in fine prints from the customers. They must also mention any change or cancellation fees along with the size of the aircraft's seats to allow passengers to make informed decisions.

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Santa Clara County Blames Turner Construction for Delay in Upgrading Valley Med Hospital

Tue, 09/01/2015 - 09:09

The expansion at Valley Medical Center, in Santa Clara County is running two years behind schedule already and there is no hope of it starting in the coming month which is the time for its latest deadline.

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Categories: UAE News

Puerto Rico’s Governor Andrew Cuomo Plans to Lead a Team to Help Solve Economic Woes

Tue, 09/01/2015 - 09:08

Puerto Rico's economic crisis has not lessened as it defaulted on its $73 billion debt in August. Now, Governor Andrew Cuomo is planning to visit the city personally to show support along with New York City Council Speaker Melissa Mark-Viverito.

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Categories: UAE News

NextEra Energy Inc Commits to Clean Power Goal of Hawaii

Tue, 09/01/2015 - 09:06

On Monday, Florida based, NextEra Energy Inc., which is proposing to acquire Hawaiian Electric Co. in a deal of $4.3 billion, stated fifty new commitments. It includes almost $1 billion in economic benefits and customer savings in five initial years as the deal closes.

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Categories: UAE News

Good News for Ice Cream Lovers, Blue Bell will be Back In Texas from Monday

Mon, 08/31/2015 - 06:22

Ice cream lovers, especially those who are fond of Blue Bell have a reason to cheer. Blue Bell will be back in the stores from Monday. Although the choice may be less right now due to limited supply but they would soon be back in full swing.

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Categories: UAE News

Atari Games Unearthed from New Mexico Landfill Sold for More Than $100,000

Sun, 08/30/2015 - 06:51

Last year in April, hundreds of Atari game cartridges were dug up in a landfill in New Mexico. The sale of some of these cartridges has generated $100,000 or more in the past few months.

The cache of 881 games which were offered for sale on eBay not only attracted buyers from forty five US states but also from a dozen countries all around the worldwide.

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Categories: UAE News

Warren Buffett’s Berkshire Hathaway Disclosed Larger Stake in Phillips 66

Sun, 08/30/2015 - 06:49

Warren Buffett led Berkshire Hathaway disclosed a $4.48 billion stake in Phillips 66, the oil refinerheadquartered in Westchase, Houston, Texas. Berkshire is rebuilding a bet which it had made in the energy industry before the oil prices dropped.

 

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Categories: UAE News

Dollar Climbing Against a Basket of Currencies Easing Anxieties

Sat, 08/29/2015 - 08:10

The recent economic mess which started with the slowing Chinese economic growth and a devaluation of yuan on August 11, caused havoc in the world economies. Fearing further drop, investors shifted to safe haven assets that pulled up the dollar against a basket of other currencies.

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Categories: UAE News

Chinese Consumers Grow Anxious Over Slowing Economy

Sat, 08/29/2015 - 08:08

A growing number of Chinese are now using WeChat, the social media app to look for fresh news and new advice on the unstable economy relatively more eagerly than the state's news media.

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Categories: UAE News

Ashton Carter Announces $75-Million Investment in Silicon Valley Flexible Hybrid Electronic Hub

Sat, 08/29/2015 - 08:06

On Friday, Ashton Carter, the Defense Secretary, landed at Moffett Federal Airfield marking his second visit to the Silicon Valley in last four months. He was there to reassure the leaders of Silicon Valley technology industry that the Pentagon considers their work as fundamental to the defense future of the nation.

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Categories: UAE News

Vector’s Pre Tax Earnings Surpass Forecast Owing to Strong Growth in Metering Business

Fri, 08/28/2015 - 07:54

Vector, the suppliers of Auckland's electricity network posted a 2.8% profit in pre-tax earnings which surpassed its forecast. Recent acquisitions pushed the growth of the company's smart metering business. The company expects added gains in the year ahead.

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Categories: UAE News

Labour’s Stuart Nash Says It’s Time for a Petrol Price Inquiry

Fri, 08/28/2015 - 07:52

Stuart Nash, Labour's Energy Spokesperson said that its time for an inquiry into the petrol companies once again as the margins are going up at to a high level which was a major cause of concern in the previous year.

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Categories: UAE News

Kiwibank Reported a Profit of $127 Million in the Fiscal Year till June 30

Fri, 08/28/2015 - 07:49

The state owned Kiwibank announced $127 million profit after tax for the fiscal year till 30 June. The bank's profit increased twenty seven percent compared to $100million last year.

Kiwi Group Holdings profit's was boosted by added contributions from its Kiwi Wealth Kiwisaver business and the fledgling Kiwi Insurance business to $132million.

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Categories: UAE News

Life Expectancy Rises Globally But at a slower Pace than Healthy Life Expectancy

Thu, 08/27/2015 - 07:38

All around the world people the life expectancy of people have increased. But that has also increased the number of people who are living sicker shows a recent study.

The overall health has considerably improved all around the globe due to significant progress in the field of medicines which help fight against infectious diseases like HIV/AIDS and vector carried diseases like malaria in the last ten years. Even maternal and child illnesses have reduced reveals a study that takes into account all major diseases and injuries in hundred and eighty eight countries

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Categories: UAE News

FSB Warns Consumers Against doing Business with Go Direct Stock Market Investments

Thu, 08/27/2015 - 07:35

The Financial Services Board in Cape Town issued a warning against involving in any business with a company called Go Direct Stock Market Investments. The warning from the agency also named two people supposedly engaged with the business. Mr Mzoxolo Bezu and Mr Mbuso Mthethwa were the alleged persons who were named in the warning.

In a statement the FSB said "Go Direct Stock Market Investments, Bezu and Mthethwa are not authorised to render financial services and are not representatives of an authorised financial services provider."

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Categories: UAE News

Amazon’s Prime Now, Offers U.S. Customers Alcohol Delivery for First Time

Wed, 08/26/2015 - 06:36

Amazon has more to offer to its Prime Now customers.

On Tuesday, Amazon. com Inc said that the retailer will start delivering wine, beer and other spirits to its U. S. customers as a part of Prime Now, for the very first time.

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Categories: UAE News

Currency Volatility Across the Asian Markets Disturb Growth Plans

Wed, 08/26/2015 - 06:34

Asian markets are facing a high tide of volatility in their currency owing to the devaluation of Chinese yuan and slow growth in the world's second largest economy.

Falling exports are adding to the devaluation vows and is causing major problem in the growth strategies of different countries and their currency management.

The two percent devaluation of the yuan on August 11 mirrored the difficulty that the economy was facing. It did not only affect China's currency but also sent ripples on the overseas markets which panicked.

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Categories: UAE News

South African Rand Slips; Export Commodities Under Pressure

Tue, 08/25/2015 - 07:55

South African rand dropped to a level as low as 14.0682 against the US dollar. At 5:11 p. m. in Johannesburg, it slipped 1.7 percent to 13.1874.

Even other assets of the country are under pressure as prices of platinum to iron-ore export move back and concern widen amidst the slow economic growth in China. The top destination of the commodities exports from the county is China and the dipping activities in the world's second largest economy are not helping to keep the spirits high.

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Categories: UAE News

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