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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
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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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Greece rejects bailout offer
Greece voters overwhelmingly rejected demands by international creditors for more austerity measures in exchange for a bailout of its bankrupt economy. This referendum, which is the first in more than four decades, adds to the uncertainty about Greece’s future in
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India pushing for trade deals with Eurasia Economic Union
India’s Prime Minister Narendra Modi is on an eight-day tour to Russia and five Central Asian nations where he is expected to push for a free trade agreement between India and the Eurasia Economic Union (EEU). The EEU was formed
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Apple changes its payment policy after Taylor Swift speaks out
Apple Music has changed its payment policy, a day after Taylor Swift withheld her album 1989 from streaming for a three-month free trial to subscribers. In an open letter to Apple, Swift called it unfair to provide music to Apple
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Vatican Bank’s earnings soar by 20-fold
A privately held institute situated exclusively on the sovereign territory of the Vatican City, the Vatican Bank witnessed a 20-fold increase in its earnings for 2014. Recording a figure of 69.3mn Euros for the year 2014, the Bank had only
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A senior official reveals Bank of England’s EU exit project in an email
A senior official of the Bank of England inadvertently sent details of a confidential project on the United Kingdom (UK) leaving the European Union (EU) in an email to the Guardian. The email says a group of senior officials are
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EU to impose anti-dumping duties on China, Taiwan steel this month
The European Union (EU) will impose anti-dumping duties on imports of stainless steel cold-rolled sheet from China and Taiwan. The decision followed after a complaint lodged by the European steel producers association, Eurofer in May 2014. According to Eurofer, China
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Bill Gates is the richest person on the planet, for the 16th time
According to the annual list published by Forbes magazine, Bill Gates whose estimated net worth stands at 79.2 billion dollars, is once again the richest person in the world. He has held this title 16 times in the last 21
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Samsung S6 with curved screen unveiled
Samsung releases the next version of its Galaxy model with regular Samsung Galaxy S6 and Galaxy S6 Edge. Both have pretty much the same specifications, but Galaxy S6 is sold at a little higher price. It has become the spotlight
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Germany backs Greece’s bailout extension
A deal was struck on February 20th of this year to give the Greek government four more months to avoid bankruptcy while it tries to come up with a long-term recovery plan. However, in order to receive the €270 billion Greece needs
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Germany’s business morale stays high despite geopolitical uncertainty
According to a survey by the Ifo institute, business confidence in Germany has jumped to 106.8 points in February from 106.7 points last month. While the figure is below analysts’ expectations of 107.7, it does suggest that Germany’s business confidence
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The Eurozone helps Greece avoid bankruptcy— for now
A deal was struck on Friday in Brussels that would give the Greek government four more months to avoid bankruptcy while it tries to come up with a long-term recovery plan. However, at this point, that seems easier said than done.
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Narendra Modi’s suit sold for over USD 690,000
Indian Prime Minister Narendra Modi’s suit was sold for Rs 4.31 crore (USD 693,234) at an auction to Surat diamond baron and private airline owner Laljibhai Patel. A higher bid of Rs. 5 crore by another diamond baron, Mukesh Patel,
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IMF close to agree on USD 17.5bn economic reform program for Ukraine
Managing Director of the International Monetary Fund (IMF), Christine Lagarde, announced Monday that the IMF has reached a staff-level agreement with the Ukrainian government on a new economic reform program that would be supported by an Extended Fund Facility of
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Apple amasses a record pile of cash worth USD 178bn
Apple has pocketed a mind-boggling of USD 178bnn in cash for selling high-priced phones. According to Howard Silverblatt of S&P Dow Jones Indices, Apple has enough money to give every American USD 556. In fact, Apple can afford to buy
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