Komodo National park in Indonesia’s Lesser Sunda Islands is celebrating 37 years The park Includes three larger islands Komodo, Padar and Rinca and 26 smaller ones with a total area of 1, 733 km²The national Park founded in 1980 to protect the Komodo dragon, the world’s largest lizard. Komodo National Park has been selected as…
PSA owners of Peugeot and Citroen cars has struck a deal of €2.2bn (£1.9bn) to buy General Motors’ European unit including Vauxhall. Loss-making GM Europe has UK factories at Ellesmere Port and Luton which employs 4, 500 people. With GM’s Opel and Vauxhall operations, PSA Group jumps to become the second largest carmaker in…
Business journalist William Cohan asks if the regulatory body go too far in response to the 2008 financial crisis on the US financial sector, especially the Dodd-Frank Act which limited Wall Street’s ability to serve its customers. Enhanced capital requirements and compliance burdens are crippling the supply of credit to consumers and businesses and thwarting…
Airbnb acquired Luxury retreats, a Canadian company that specialises in high-end villas and also was in talks with global online travel agents like Trivago, the German hotel search site majority-owned by Expedia, about including Airbnb homes in their search listings. Expedia, had begun a closer integration with Home Away, the online holiday rental market-place it…
Facebook Snapchat $ $ Market Capitalisation 395bn 31bn Funds Raised at IPO 166bn 3.4bn Daily Active users 1.3bn 160m Revenue 2016 27.6bn 404m Profit 2016 10.2bn -515m Snapchat investor who have given a market value of more than $30bn hope it can effectively compete with Facebook on online advertising. Evan Spiegel CEO of Snapchat…
A unit of Bitcoin the digital currency has exceeded the value of an ounce of gold for the first time. Bitcoin closed at $1,268 on Thursday while an ounce of gold stood at $1,233. The current high is due to the surging demand in China, where authorities warn it is used to channel money out…
Rio De Janeiro’s Worlds most iconic Carnival celebration, with over 500 parties taking place across the city before and after Carnival weekend (February 24th -27), folia will bring Rio to a stand still. Hundreds of Blocos has hit Rio de Janeiro’s street over this weekend sixty on Saturday 18th February 2017 and Forty-six on Sunday.…
Nintendo’s newest console, Switch, launched today March 3rd 2017, pitched as a home console you can take on the go, its battery life has become a big talking point, as Nintendo confirmed the battery will last upto 6 hours. Nintendo is pitching for $106bn games market of which $42bn is mobile game market. Gamers…
Sir Philip Green agreed with the Pension regulator to help fill the failed retailer’s pension black hole, with a £363m payment to the BHS pension scheme. Under the deal with the Pensions Regulator, former BJS workers will get the same starting pension that they were originally promised, without the protection against inflation. Business Committee chairman Ian Wright…
