UK unemployment rate at six-year low, wages climbing up
The unemployment rate in the UK has dropped to six-year low and wages are climbing up, according to official data released on Wednesday.
The UK...
Uber raises $1.6 billion from Goldman Sachs
Uber, the app-based transportation network and taxi company headquartered in San Francisco, California, has raised $1.6 billion in convertible debt from Goldman Sachs' private...
Google to become a mobile carrier, entering wireless business
It appears as though Google is going to be entering the wireless business in a major way.
The California-based tech giant made its first big...
American Express cutting 4,000 jobs this year
American Express Co will be cutting 4,000 jobs this year. The credit card company posted high quarterly expenses and provisions for bad loans, disappointing...
eBay cutting its global workforce by 7%, affecting 2,400 jobs
On Wednesday the online retailer eBay posted earnings ahead of expectations, however, the company said that it plans on cutting its global workforce by...
Update: A giant wormhole in the Milky Way that could transport humans? Perhaps
A massive wormhole believed to exist in the centre of our galaxy, the Milky Way, could be a doorway to another galaxy, scientists wrote in the...
Predator croc found, existed before dinosaurs, named Nundasuchus
A predator-croc that existed before the dinosaurs has been discovered and named by a team of paleontologists. It had steak knife-like teeth, bony plates...
ECB proposes 1.1 trillion euro injection to tackle deflation
The European Central Bank President, Mario Draghi, has proposed a quantitative easing (QE) program based on monthly asset purchases of 50 billion euros until...
US new home construction rose 4.4 percent in December
There was a rebound in the construction of new homes in December, making 2014 the most active year in new home construction since the...
S&P faces year ban from the commercial mortgage backed securities market
Ratings agency Standard & Poor’s is facing a year-long ban from the commercial mortgage backed securities market because of misleading ratings it issued in...