Porsche to Cut Down Working Hours

Tia Oja Correspondent (Europe)   BERLIN — Porsche’s factory has recently been so efficient that it will cut down working time of its factory workers’ day by...

Digital Technology Revolution in UK Banking Sector

Barclays is all set to offer video banking services—the first of its kind in the UK LONDON – Being a British multinational banking and financial...

Nord Stream Pipeline starts working in Full Capacity

Viktor Tsvetanov, Editor (Europe) BERLIN - Commercial supply of gas has started through the second branch of the Russian-German Nord Stream, which will double up the capacity...

UK Could Get Plastic Banknotes by 2016

Ingrida Kurlinkute, Correspondent (Business)   LONDON — 2016 might see the introduction of smaller polymer banknotes by The Bank of England. Plastic banknotes will be less shabby, much...

Credit Suisse Group planning to sell US private bank?

ZÜRICH - Switzerland-based multinational financial services holding company, Credit Suisse Group, aims to sell its US private bank and further cut down its prime brokerage business, according...

Singapore censures 20 Banks following Rate-Rigging Accusations

  SINGAPORE — Following a global crackdown on currency rate rigging, Singapore’s central bank has censured 20 banks. These banks have been ordered to set...

BP Investors Lose Lawsuit Against Company Regarding Fraud

Tia Oja, Correspondent (Business)   WASHINGTON, D.C. – A group of BP investors have tried suing the company, accusing BP of fraud and misleading them before and after...

Bhutan’s Clean Energy Future Sees Success with Nissan Deal

A new agreement sees Nissan assisting Bhutan with clean-energy conversion by launching the LEAF (Nissan’s electric car) in the Bhutanese automobile market. Car manufacturing...

Tying the Knot: Bidding For a Partnership with Alstom

With General Electric, Siemens and Mitsubishi all vying to purchase Alstom, the French government has intervened a potential foreign takeover April 30 saw the announcement of...

Australian trade deficit continues to take downturn

Australia might be facing the biggest fall in its trade balance to date. Australia recorded a booming trade deficit of AUD 2.261 billion in September...