It has been an annual practice for 24/7 Wall St. to identify brands in the United States in danger of disappearing. For this year, car and tech companies are not exempted. Wall Street’s latest list of brands on the brink of extinction shows the stiff and cruel competition amongst industries – falling behind financing, innovation and efficiency can cost even some of the most well loved brands.
The weak performance from the manufacturing sector, falling job advertisements and slight inflation may just what the Reserve Bank of Australia (RBA) needs to cut interest rates even lower.
Well if you didn't know that the mining boom had peaked, yesterday made it official. Capital spending fell 4.7% in the March quarter, according to the Australian Bureau of Statistics (ABS). The huge pipeline of resources investment has tapered off. If this is the case, one of the key supports of a strong Aussie dollar - big foreign capital flows for resource projects (especially LNG) - has been kicked out.
Steve Wozniak, the co-founder of tech giant Apple Inc alongside Steve Jobs and Ronald Wayne, has described recent criticism of the company's taxes practices as "extremely warranted" and have called for big corporations to be treated the same as the "little guy", during a business conference in Northern Ireland on Thursday.
Effective this month, Philippine Airlines (PAL) will be adding three flights into Australia, including Darwin, Perth, and Brisbane, bringing to five its total number of Philippine-Australia routes.
India embittered some analysts as the officials informed that the country saw its growth slump to the slowest pace in a decade. The government's measures did not work and the Asia's third economy visibly slowed down, adding to the alarming news on the India's economic conditions.
Clothing retail giant H&M has promised to invest more on healthy or plus size models for its advertising campaigns. The company admitted that they previously focused on too-thin models becoming irresponsible in the process. For a change, the company’s newest advertising campaigns will be about healthier bodies.
The International Monetary Fund has lowered the growth forecast for China for the second time in just six weeks, saying it expects growth to reach "around 7.75 percent" this year. The Washington-based institution also warned that Beijing needs to make a "decisive push" to launch new market-oriented reforms and raised concerns about a rapid expansion of credit in the world's second largest economy.
The OECD, in its newest report, did not present a colorful picture of the eurozone as it cut growth outlook for the 17-state bloc. The Paris-based organization underlined that the harsh economic conditions in Europe pose a threat to the global economy, thus the European Central Bank should take steps aimed at fostering growth.
The shortage of products in Venezuela has turned for the worse. Aside from running out of toilet paper, the country's Catholics may also no longer have the wine and the host when they attend Mass.
It may come as no surprise that the IMF decided to downgrade its growth outlook for China. The revision was driven by weak global economic conditions and unsatisfactory results recorded in China as well. Indeed, the IMF is concerned about the economic recovery in China and it believes that the country's authorities should introduce essential reforms aimed at bringing a sustainable recovery.
The Australian dollar dipped to a 19-month low on Wednesday up to 95.28 U.S. cents late afternoon after the release of strong American economic data. The rate was the currency's weakest since Oct 5, 2011.
The world's only known working anti-viral flu drug Tamiflu has been rendered ineffective against the bird-flu strain H7N9 virus. Essentially, the virus has mutated. It won't be long before global pandemonium erupts unless a new effective drug is created and immediately made available to humans.
Nena Hallasgo has been in Taiwan for seven years and the whole time she has been working in the country, the 43-year-old native of Cagayan de Oro City has never experienced more sleepless nights these days than she had ever before. The sleepless nights resulted from the fatal shooting of a Taiwanese fisherman by the Philippine Coast Guard. The fear, emanating from the shooting incident, has resonated to hundreds and thousands of other OFWs currently based in Taiwan.
China's imports of Thai rice or grains is expected to surge in the following weeks after the recent discovery of cadmium metal contamination in the grains marketed by Hunan, China's largest rice-producing province.
Chinese citizens may already be getting rich enough to afford international overseas trips and visits, but wealth is by no means a safeguard to conduct misbehaviour in other lands. Ding Jinhao, a lucky Chinese teener who had the opportunity to visit and personally see for himself the famed centuries-old Luxor Temple, has gotten the ire of Chinese netizens after he desecrated and vandalized the Egyptian artwork a few years back.
Australia topped again for the third straight year the Organisation for Economic Cooperation and Development Better Life Index. Australia beat Sweden and Canada, which came in second and third places.
Following the announcement of Ford last week that it is shutting down its manufacturing business in 2016, two of Australia's biggest private sector companies also announced its plan to cut jobs soon.
Professor Sukkareih of the Robotics and Intelligence Systems at the University of Sydney develops two robots named Mantis and Shrimp to boost Australian agriculture.
When Imelda Marcos was governor of Metro Manila in the 1970s, while First Lady at the same time, she was notorious for her mantra that only "the true, the good and the beautiful" should be seen by the world about the Philippines.
While Philippine Catholic Church officials have joined Metro Manila Development Authority Chairman Francis Tolentino in castigating Inferno author Dan Brown for describing the country's capital city as the gates of hell, the book earned positive reviews from major newspapers.
The cost of raising a child today has increased by half its recorded amount six years ago, according to a report by AMP and the National Centre for Social and Economic Modelling (NATSEM) from Australia’s University of Canberra. The report reveals that a middle-income family now is facing the inevitable - - to spend more on raising children than attending to basic socio-economic needs like, education.
Holiday revelers looking forward to the Memorial Day Weekend are being advised to work around their travel itineraries as authorities expect a massive holiday-related traffic jam following the collapse of a portion of the Interstate 5 Skagit River Bridge in Washington, US on Thursday evening.
While the spread of H7N9 virus appears to have been brought under control in China, public healthcare experts say the bird flu outbreak has cost the country's poultry industry more than 40 billion yuan ($6.5 billion) in losses despite Beijing's swift actions to contain the outbreak.
Latest data from the China Customs Statistics Information Center had revealed that China, which feeds more than 95 per cent of the world's demand for rare earths, had exported 2,196 metric tonnes of the precious metals in April, buoyed by the prevailing low global market prices as well as improved demand from Japan.
The bird flu strain H7N9, which had so far infected 131 and killed 36 in China, could be passed on between humans through the air and close contact.
Monstrous and never-ending gridlock like the video shown above is the bane of both Metro manila residents and foreign visitors alike. Throw in garbage and flooded streets during the monsoon season, and it is no wonder that Metro Manila despite the Philippines being a beautiful country is low in quality-of-life indices of different agencies.
Hundreds of Ford workers in Australia were in shock as the company announced its plan to shut down operations by October 2016. As the news broke out, hundreds of workers were devastated. It did not matter whether they worked there since three decades back – people will lose their jobs in three years time.
The telltale signs have already been there as early as 2012. It was just a matter of when will Ford Australia finally collect its guts to formally announce the closure of its manufacturing plants in Australia. That time came on Thursday as Ford Australia finally confirmed it is closing down and letting go 1200 jobs in the process.
China on Wednesday announced it has discovered a gold mine in the Ili Valley in the country's Xinjiang Uygur Autonomous Region. With reserves estimated to be at 53 tonnes, the said discovery could translate to an economic value of $3.2 billion.
