BUSINESS

US Markets to crash again. Another Recession knocking at the gates?

A renowned American analyst Jin Miekka, who is credited with making several accurate market-linked forecasts earlier, has predicted another crash in the US Economy. The crash prediction is named after ‘Hindenburg Omen’ — named after an ill-fated German plane that crashed in 1937 Miekka predicts the meltdown could be in September. After this shocking forecasting […]

Swiss Banks agrees to share Information: The end of “Secret Wealth”?

Swiss Banks, under pressure from various nations, have finally agreed to share account details of suspected money launderers. However the request to avail information would have to be supported with four basic conditions, as laid down by the Swiss Banks: The identity of the suspected offenders Details of the alleged offence, along with facts to […]

Oil prices recovers in Asian Market

Oil prices recovers in Asian Market

Oil rebounded in Asian trade today after five straight days of losses. However trading was slowed down due to concerns over the strength of the global economic recovery and its impact on energy demand. It would be worth mentioning that Oil Trade had taken a global dip due to the sharp slowdown in second quarter […]

China Jumps over Japan in World Economy

The latest figures have put China ahead of Japan as the world’s second-largest economy for the quarter on a nominal dollar basis.Japan’s second quarter GDP before seasonal adjustments totaled $1.2883 trillion against China’s second-quarter unadjusted GDP of $1.3369 trillion. However Japanese officials said that one should wait for full-year figures before changing the rankings. Besides, […]

Oracle sues Google

Oracle sues Google

NEW YORK, 14th August: Oracle Corp sued Google Inc, alleging patent and copyright infringement in the development of the popular Android smartphone software. The suit, filed on Thursday in California federal court, claims that Google “knowingly, directly and repeatedly infringed Oracle’s Java-related intellectual property” in developing Android, Oracle spokeswoman Karen Tillman said in a statement. […]

Blackberry Services Not Allowed: DoT

Blackberry Services Not Allowed: DoT

In a development that could impact BlackBerry services and also the ongoing discussions with its maker Research in Motion over security concerns, the department of Telecom has claimed that no permission was ever given to start the service in the country. According to senior DoT officials, “no explicit permission has been given by the government […]

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