Saudi Arabia Aims at Lowering Oil Price while Iran Intends to do the Opposite

Saleh Sadi, Editor (Business)   RIYADH - Saudi Arabia acts in favour of lowering the oil costs, which is supported by majority members of the OPEC (Organisation...

Europe and China Don’t Need a Trade War

Viktor Tsvetanov, Editor (Europe)   BRUSSELS - In the heat of financial crisis, Europe should protect its industries on the global scene, but also change its approach to...

India’s Economic Woes

Filip Kuzov, Correspondent (Business)   NEW DELHI - Just a couple of years back, India was one of the fastest growing economies in the world and many...

Billabong Shares Plummet Down After Non-takeover

Iris Segers, Editor (Oceania)   QUEENSLAND - Private equity firm TPG has announced to walk away from the expected takeover of Australian surf brand Billabong, causing Billabong's...

Iran is Seeking $2 Billion Funding from China

Saleh Sadi, Editor (Business)   TEHRAN - The metro rail project in Tehran, Iran, faces delays due to lack of financing as a result of sanctions. Iran...

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...

Sony PS3 Breaks the ‘5 Million Sold’ Barrier In The UK

  LONDON - Sony has revealed that they have sold over five million copies of the Playstation 3 since it's original release in 2007. The announcement...

Greece on Their Way out of the Eurozone?

Saleh Sadi, Editor (Business)   TOKYO - Greece is most probable to leave the Euro zone within a time frame of six month or less, stated the...

Separate Budget for Eurozone?

  Saleh Sadi, Editor (Business)   BRUSSELS - The Financial Times Deutschland (FTD) reveals that European diplomats thinking over the possibility of a separate budget of around 20...

Samsung sues Again!

Saleh Sadi, Editor (Business)   CALIFORNIA - The war between the two telecommunication giants, Samsung and Apple continues.  Samsung, the worldwide telecommunications leader sued Apple, most known...