economy

Smartphones to be Produced in India

Smartphones to be Produced in India

India has been growing an interest in developing smartphones but is up in the air right now since there is a lack of skilled labor and suppliers as well as a complex tax regime. Under the slogan ‘Make in India’, the Prime Minister aims t..

Nissan Recalling 1.2 Million Cars in Japan

Nissan Recalling 1.2 Million Cars in Japan

On Monday, Nissan announced plans to recall 1.2 million vehicles in Japan after final vehicle inspections were not performed by authorized technicians. This recall would cost about 25 billion yen ($222 million) to re-inspect cars such as the Note co..

Uber Loses License to Operate in London

Uber Loses License to Operate in London

Uber Technologies Inc. has had a year full of lawsuits and scandals, and yet another incident emerges. On Friday, the city of London stripped Uber of its license to operate in London at the end of September.This decision will affect over 40,000 driv..

U.S. Economy Grows At 3% in the Second Quarter

U.S. Economy Grows At 3% in the Second Quarter

The U.S. economy was revised to grow faster than expected in the second quarter due to strong consumer spending and robust business investment.Gross domestic product rose at an annualized 3.0 percent in the second quarter, the fastest pace in more t..

Chinese Cabinet Stops Foreign Acquisitions

Chinese Cabinet Stops Foreign Acquisitions

The Chinese government is all set to put a full stop to acquisitions outside the country by domestic businesses. The move is being touted as a means to ensure that Chinese businesses do not take on excessive debt. A document has been released by the..

Yelp Shares Jump on Better-than-expected Earnings

Yelp Shares Jump on Better-than-expected Earnings

Yelp Inc. (NYSE: YELP) shares rose more than 27 percent on Friday after the company announced quarterly earnings that beat analysts’ estimates and to sell its online food-ordering business Eat 24 to GrubHub.Yelp agreed to sell Eat24 to GrubHub..

Viacom Announced Strong Q3 Results

Viacom Announced Strong Q3 Results

Viacom, Inc (NASDAQ:VIAB) announced strong Q3 results for 2017, but slight tidbits have led to the stock crashing 11%. Though the company had reported an 8% revenue growth for the quarter, as well a 57% growth in net earnings as a result of the sale..