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US government accused of unauthorized access to international bank transfers

A hacking group has leaked information on a huge range of security weaknesses, which may have given the US National Security Agency access to monitor money flows among some Middle East and Latin American banks. The hackers, called Shadow Brokers,

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Scottish economy slumps while rest of UK economy grows

Scotland’s Chief Statistician has recorded a 0.2% decline in the country’s economy in the last quarter of 2016. In contrast, the rest of the UK economy grew by 0.7% during the same period. The Scottish economy has witnessed a drop

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US isolates North Korea’s economy for pursuing nuclear weapons

The United States government hit North Korea with more sanctions on Friday for pursuing nuclear weapons. As many as 11 North Korean businesses and an industrial firm are facing the brunt of the sanctions, including Paeksol Trading Corporation, for acquiring

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Apple opens its first App Accelerator outside of the US

Apple has launched its App Accelerator in Bangalore, India, to help meet the needs of customers in India and around the world. India is the first country outside the US where Apple has set this facility up. “In just the

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UAE wants to build a city in Mars

Emir of Dubai Sheikh Mohammad Bin Rashed Al Maktoum said he wants to build a miniature city on Mars in the next 100 years. He made the announcements at the World Government Summit and said an Emirati scientific team will

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Asian Infrastructure Investment Bank, SAARC Development Fund to co-fund projects in SAARC Region

A delegation of AIIB led by Sir Danny Alexander, Vice President & Corporate Secretary visited the SAARC Development Fund Secretariat in Thimphu, Bhutan in order to discuss possible areas of joint collaboration. Dr. Sunil Motiwal , Chief Executive Officer, SAARC

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Modi demonetizes Rs 500 & 1000 notes

Indian Prime Minister Narendra Modi announced demonetization of Rs 500 & 1000 currency notes effective midnight in an effort to tackle fake currency, black money. Modi said people holding notes of Rs 500 and Rs 1000 can deposit the same

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Apple releases the much awaited iPhone 7

Apple’ CEO Tim Cook revealed the brand new iPhone 7 and 7 Plus in San Francisco at an event on Wednesday night. iPhone 7 comes with a rounded aluminum body in a darker black color scheme and features including water

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India – the most open economy in the world for FDI

The Government of India has announced a very liberalized new Foreign Direct Investment (FDI) Policy and with the changes in the FDI Policy, India is now the most open economy in the world for FDI. The new amendments seek to

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SAARC Development Fund & SAARC Chamber of Commerce working together for regional integration

Dr. Sunil Motiwal, CEO of SAARC Development Fund (SDF) and  Suraj Vaidya, President of SAARC Chamber of Commerce and  Industry (SCCI) have jointly announced to work together for regional integration and economic cooperation among the SAARC Member States through project

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ADB & SAARC Development Fund have signed MoU for the development of SAARC Region

Dr. Sunil Motiwal , Chief Executive Officer, SAARC Development Fund has confirmed that Asian Development  Bank (ADB) and SAARC Development Fund (SDF) have signed an MoU and agreed to: Collaborate for the development of the SAARC region through co-financing of

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Germany protests against trade deal between EU-US

Thousands of Germans protested against the a proposed Transatlantic Trade and Investment Partnership (TTIP) deal that is being negotiated between the US and EU leaders. More than 30,000 rallied on the streets of Germany city of Hannover, carrying placards with

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Civil rights icon Harriet Tubman to replace President Jackson on $20 bill

The US Treasury Department is set to announce Wednesday that civil rights icon Harriet Tubman is going to replace former President Andrew Jackson on USD 20 bill. Last year, reports had circulated from the Treasury Deartment that Alexander Hamilton, who

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Pakistan, Tajikistan keen to boost economic ties

Pakistan and Tajikistan leadership have stressed on the need to strengthen transit and transportation through enhanced cooperation at the regional level. Ambassador of Tajikistan Sherali Saidmir said the bilateral trade and economic ties between Pakistan and Tajikistan would be further

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10 interesting business facts

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5 Reasons why your company needs to have fewer meetings

By: AJ Agrawal CEO, Alumnify Efficiency is one of the most important assets of any business. The ability to be productive and make good use of time and resources is critical for a company’s success long term, and important for

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20 mind-blowing facts about the world economy

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World Bank faces rivalry from newly launched AAIB

China has once again shown its economic strength and solidifies its global status by launching the Asian Infrastructure Investment Bank (AAIB), which is viewed as a rival to the World Bank. The AAIB aims to rebalance the global development finance

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Foolish mistakes to avoid on a résumé

Too many details Some details are better to be left out. To start with, don’t list more than one phone number. One is enough, and preferably without a Bollywood calling tone or a mast Attan song. Do not list all

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Facebook CEO, wife pledge to donate 99% of their company shares to charity

Facebook CEO, Marck Zuckerberg, and his wife, Priscilla Chan, announced on Tuesday that they will donate 99% of their Facebook shares “during their lives” to their new charity called the Chan Zuckerberg initiative. The announcement was made on a public

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Russia sweeps economic sanctions against Turkey

Russian President Vladimir Putin on Saturday signed into law a package of sanctions against Turkey following the shooting down of a Russian jet on the Syrian border by Turkey. The sanctions cover tourism industry, cancels visa-free travel between the two

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The world’s most prosperous countries

By: Joe Myers World Economic Forum The Legatum Institute has released its new Prosperity Index, which assesses how prosperous an economy is based on more than just macroeconomic factors – it also takes into account wellbeing. The ranking has named

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Big companies donate millions to help refugees in Europe

World’s biggest corporations are reaching out to assist Europe in coping with the large number of asylum seekers from Iraq, Syria and Afghanistan. Google, Goldman Sachs and Volkswagen’s Audi subsidiary have all announced to hand over millions of dollars to

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Iran sees its first sanctions removal since the nuclear agreement

The European Union has lifted sanctions on two Iran oil companies which are part of a group involved in extracting natural gas from Iran’s South Pars field. This is the first such action since Iran reached a nuclear agreement with

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WTO approves Kazakhstan’s membership after 19-year negotiations

Kazakhstan is set to become a member of the World Trade Organization (WTO) after a 19-year accession process. WTO members formally adopted Kazakhstan’s WTO terms of entry at the General Council meeting on 27 July 2015, in the presence of

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