German factory orders rise in July
German factory orders increased by 4.6% in July compared to June, after declining during the previous two months, according to figures published today by...
CVS quits tobacco, not Walgreens
America’s second largest pharmacy chain CVS quits tobacco and changes its corporate name to CVS Health in what the company describes as an “important...
Strong US August auto sales
US August auto sales were surprisingly strong, at (annualized rate) 17.3 million vehicles , the highest rate since January 2006’s 17.6 million. Analysts had...
European Commission fines smart card chip makers €138m for price fixing
The European Commission fines smart card chip makers €138 million ($181 million) for coordinating their market behavior, thus violating European Union (EU) anti-competition rules that...
Zalando IPO plan announced
Today’s Zalando IPO announcement for the second half of 2014 in the Frankfurt Stock Exchange is set to become one of the largest European...
World Competitiveness Report 2014-2015
The World Competitiveness Report 2014-2015, published by the World Economic Forum (WEF) was released today. The WEF warns that despite several years of bold...
$1.1bn Halliburton oil spill settlement
A Halliburton oil spill settlement worth $1.1 billion has been announced by the Houston-based multinational oil field services firm. The company says the deal...
Labor shortages will replace unemployment
The mature markets will move from high unemployment levels to labor shortages over the next fifteen years, according to a report published by The...
Is China targeting foreign firms?
Is China targeting foreign firms? According to the American Chamber of Commerce in China, nearly half of foreign businesses believe they are being specifically...
Swiss economy zero growth in second quarter
The Swiss economy posted zero growth in Q2 2014 compared to the first quarter, according to data published by the State Secretariat for Economic...