IoD Chief Sharply Criticizes UK’s Banks
Simon Walker, the director general of the Institute of Directors, sharply criticized UK's banks such as Barclays and Royal Bank of Scotland for offering excessive employee compensation in the form of wages and bonuses. Moreover, Simon Walker has underlined that UK's banking industry is being harmed by bankers' short-term self interest as banks are breaching the bonus cap formulated by the European Union.
Sleepwalkers Sometimes Remember What They've Done
Three myths about sleepwalking - sleepwalkers have no memory of their actions, sleepwalkers' behaviour is without motivation, and sleepwalking has no daytime impact - are dispelled in a recent study led by Antonio Zadra of the University of Montreal and its affiliated Sacré-Coeur Hospital.
Andy Rubin Decides to Bid Farewell to Google’s Android
Andy Rubin is saying goodbye to his child Android, which is the world's top-selling mobile operating system, as Google Inc. is seeking ways to cope with complex alliances, including one with Samsung Electronics Co. Google Inc. believes that combing its mobile software units into one would be the best option leading to further success.
Green Tea Catechins Block the Formation of Plaques to Help Prevent Alzheimer's Disease
As new cases of Alzheimer's disease are expected to quadruple over the next several decades, Big Pharma researchers are plowing billions of research dollars into finding a synthetic cure for an illness that has its roots deeply seated in poor diet, excess stress and a generally unhealthy lifestyle.
Omega-3 Fatty Acids will Help you Lose Weight
Folks now have another tool in their arsenal to help them lose weight, and it's omega-3 fatty acids, according to the results of a new study conducted in Australia.
Hugo Chavez, RIP
Today, we struggle to hold back tears. Another major world leader has bit the dust. Venezuela's big man died. Some bleak corner of Hell took him in last Wednesday, if not before.
Investment Opportunities in a World of Debt and Struggle
For much of its history, Australia had to wait months for news from the northern hemisphere to reach its shores. Early settlers crowded the docks when a new ship arrived from England to get the 'latest' news. It was usually delayed by at least 6 months.
Has the Australian Resources Sector ‘Decoupled’ from the Stock Market?
January's trade deficit was $1.6 billion, according to the Australian Bureau of Statistics (ABS). That was a 53% increase from December's deficit. But it was 16% lower than the deficit in December of 2012, according to the ABS. So was it good or bad?
Samsung Galaxy S4 to Include Attractive Features
After long anticipation, the 14th of March is coming closer when Samsung Electronics Co. is due to release new and better version of its smartphone - Samsung Galaxy S4. Samsung Electronics, which initially lagged behind Apple Inc.'s iPhone 5, has left no stone unturned to flood the smartphone market with its new Samsung Galaxy S4.
Thomas Cook Focuses on its Turnaround Strategy
On the 13th of March, British travel firm Thomas Cook informed that it aimed to improve its profits by around £350 billion by 2015 through its turnaround strategy. The 171-year-old UK tour operator plans to reduce the number of its stores, dispose non-core businesses and concentrate on online sales as it is trying to stand on its feet.
Diet Myths that Cause Sickness and Premature Death
Is fat good or bad for you? Does cholesterol cause heart attacks? Can we safely eat salt or not? These questions, plus many more, have stressed out (and confused) millions of people for too long. Sadly, we have been nutritionally misled and forget to ask the most obvious question.
Mango's Health Benefits Include Heart Health, Anemia Prevention, Detoxing and Healthy Skin
Mangos have been used for centuries as medicine and food. The mango fruit contains vitamins A, C and D along with beta-carotene. In Unani medicine, mangos are used to remove toxins, treat anemia, and heal the nervous system.
CBI Urges UK Government to Build New Homes
The Confederation of British Industry, UK's leading lobbying organization, suggested that the forthcoming 2013 Budget should be centrally focused on creating around 50,000 new homes in order to reduce fiscal deficit. Moreover, the British Chambers of Commerce supported the plea put forward by the CBI to promote infrastructure.
German Exports Increase 1.4% in January Topping Analysts’ Estimates
According to figures released on the 11th of March, German exports increased more than initially expected, exceeding analysts' estimates. Official data showed that also German imports surged significantly. After all, the German economy saw some positive signs after a contraction in the fourth quarter of 2012.
Osborne’s Bank Reform Criticized by Commission
The Parliamentary Commission on Banking Standards has criticized the Chancellor George Osborne's bank reform as it is simply unbalanced and inadequate. The Commission has underlined that the financial regulator should be given competence to separate high street and investment banking.
Alibaba bets on Jonathan Lu as new CEO
On the 11th of March, Chinese online giant Alibaba Group informed that its executive vice president Jonathan Lu would take the helm from current chief executive officer Jack Ma. The nomination was announced amid growing speculation over its forthcoming initial public offering.
BHP Firmly Rejects China’s Allegations of Iron Ore Manipulation
On the 7th of March, BHP Billiton Ltd. firmly rejected China's allegations of iron ore manipulation aimed at driving prices up, underlining that it would improve its transparency in trade with the world's second economy. China, which is the world's biggest consumer of iron ore, is convinced that three iron ore miners manipulated the market, thereby pushing prices up.
Dance Dance Revolution is an Effective Multiple Sclerosis Treatment
The video game Dance Dance Revolution (DDR) improves both cognitive and physical function in patients suffering from the degenerative central nervous system disease multiple sclerosis (MS), according to a study conducted by researchers from Ohio State University Wexner Medical Center.
Lloyds Bank Sells 20% Stake in St. James Place
On the 12th of March Lloyds Banking Group PLC informed that it has decided to sell 20 percent of its stake in the wealth management firm St. James Place PLC in order to uphold its capital reserves. The bank is expected to reap a profit of approximately £520 million from the stake sale.
Adidas Swings to Q4 Loss
Adidas reported a fourth quarter net loss for the year ended December 2012 after goodwill impairment charges on its subsidiary Reebok brand which took a toll on its profits. In the face of heavy impairment expenses, Adidas expects lower profits for 2013.
BOJ keeps monetary policy unchanged in anticipation of new leadership
On the 7th of March, the Bank of Japan informed that it decided to keep monetary policy intact, yet the central bank upgraded assessments of the country's economy.
United Nations Agency Demands U.S. Government Sue States Over Marijuana Decriminalization Laws
Americans have differing opinions about the wisdom of marijuana legalization but most of us would agree that no matter what we think about it personally, it is an issue for Americans to decide.
McIlroy Gets Final Round Boost
Rory McIlroy carded a bogey-free 65 to end his charge at the WGC-Cadillac Championship in good shape.
The Australian Shale Rush Begins
BHP has made strategic shale acquisitions in the US. It's also been absolutely caned on those acquisitions, writing off $2.84 billion from its Fayetteville Shale assets late last year. This cost Marius Kloppers his bonus for 2012, and arguably his job for good.
Kia Won’t Plant Any More Cee’ds in Australia
Kia Australia has ruled out importing any more variants from the European-focused Kia Cee'd range beyond the Pro_Cee'd GT hot-hatch it has recently confirmed for the local market.
Five Powerful Ways Coconut Oil Boosts Brain Function and Protects Against Disease
For thousands of years, the human race has benefited significantly from the consumption of fresh coconut and its many derivatives.
Facebook Redesigns Home Page
On the 7th of March, Facebook CEO Mark Zuckerberg introduced a major overhaul of its popular news feed that would enhance visual content by centrally focusing on pictures and videos of close friends. In addition, the facelift is expected to receive the interest of various advertisers luring users to spend more time on the website.
China Enjoys Strong Exports in February
Official data showed that China enjoyed strong exports in February, highlighting signs that the economy was deliberately rebounding. Yet, China's imports were weak, missing analysts' expectations.
Droids to Replace Human Workers?
Every each of us experience presence of technology and machines which are becoming more and more visible in day-today business and economy.
End of Recession for Japan?
Is this the end of recession? At least, latest data indicated that. According to the revised survey, Japan saw its economy expand in the final quarter of 2012. Certainly, the news is a good sign for Prime Minister Shinzo Abe who is focused on getting Japan out of two long decades of deflationary stagnation.
