GE African investment to reach $2 billion by 2018
GE African investment totaling $2 billion by 2018 into skills training, sustainability initiatives and facility development was announced today, ahead of President Barak Obama’s...
HSBC H1 profit fell 12 percent
HSBC H1 profit fell 12% to $12.34 billion compared to $14.071 billion in H1 2013. During the first six months of this year the...
Chrysler US sales jump 20 percent in July
Chrysler US sales increased by 20% year-on-year to 167,667 units compared to 140,102 in July last year, the company announced, adding that it was...
Internet speed fuels property prices
Researchers from the London School of Economics and Imperial College Business School found that internet speed fuels property prices. Londoners are willing to pay...
Is slower Chinese GDP growth better? Yes, says IMF
Slower Chinese GDP growth would be better for China and the world if comprehensive reforms are implemented and credit and investment growth is better...
Chevron Q2 earnings boosted by high crude prices
Chevron Q2 earnings increased to $5.7 billion ($2.98 per diluted share) compared to $5.4 billion in Q2 2013, boosted by higher energy prices which...
Android captured 85 percent of Smartphone market in Q2 2014
Android captured 85 percent of the global Smartphone market in the second quarter of 2014, says a new report published by Strategy Analytics, mainly...
Procter & Gamble shedding half its brands
Procter & Gamble says it is shedding half its consumer brands, and focusing on just 70 or 80 of them, including Pampers diapers and...
Berkshire Hathaway Q2 profit jumps 41 percent
Berkshire Hathaway Q2 profit increased by 41% to $6.395 billion, beating most analysts’ forecast. Results in the company’s operating businesses improved significantly, including its...
Does automation kill jobs? Yes and No
Does automation kill jobs or create them? The answer is “both”, according to a new study carried out by EMSI (Economic Modeling Specialists International)...