Two of the Amazon distribution centers in Germany had to freeze work as hundreds of employees went on strike for a third time. Workers in Leipzig and Bad Hersfeld staged an all-day strike on Thursday. This union action is a sequel to two other similar action, one taking place last summer and another on Christmas. ... read entire article »
A new trend has been gaining prestige among wealthy investors who want to diversify beyond stocks and bonds: the fine art investment fund. The process consists in acquiring and then re-selling top of the art pieces for profit gain. The most visible consequence i ... read entire article »
When the Taiwanese telephone company, HTC, launched its One smartphone line, in 2012, it was selling about 1 phone out of 10 world-wide. Today, only 1 out of 45 cells sold globally is a HTC, as buyers prefer to buy from Apple or Samsung. Since the third quarter ... read entire article »
Reluctance to mortgage lending has been constantly increasing, hitting the lowest point in 17 years. The cause is obvious enough as interest rates keep rising and spiced house prices make sure to hold borrowers at a safe distance. The total loan volume that ... read entire article »
The Easter chocolate eggs demand remains stable no matter if it’s the lowest point in an economical crisis or a period of prosperity. With that in mind, it comes as no surprise that chocolate consumption is not only steady but it also increases near holidays. ... read entire article »
The 22 year old operator that found 150,000 Norwegian kroner (14,000 euros) in a safe box was rewarded. The business man who dumped, by mistake, the safe box offered a reward. John Erik Tveitdal confirmed the information for the local VG newspaper. “The person ... read entire article »
A 300,000 euro embezzlement brought Rhieneland-Palatinate Ingolf Deubel a three and a half year prison sentence. The former German Finance Minister was found guilty for embezzlement in the Nurburgring scandal. The famous Formula One track was on the verge of ... read entire article »
2013 marked the first year ever when Internet advertising spending had overtaken broadcast TV in the US. The extra budge that made the difference for online advertising were mobile ads. Digital ads sales in the US raised 17% since 2012, hitting the $42.8 ... read entire article »
No matter how much work does the Spanish Government and the Finance Ministry put into the so called recovery, figures are not on their side. Recent official data shows a massive trade deficit. The situation got even worse in February. Trade deficit almost reached ... read entire article »
Toby Schammel decided to profit from an information leak about Disney and enrich himself. Now he has to pay regulators $801,000 and spend some time in jail. Schammel found from his then-girlfriend who was a corporate strategy employee at Disney, that the company ... read entire article »
Sony came up with a selling machine literally with the Play Station 4. The new Japanese console has been on a steady climb regarding sales in the last month. Recently, Sonny announced the Play Station 4 had surpassed the 7 million marker. The Japanese electronic ... read entire article »
The Russian economic situation is ‘not stable’, says Economy Minister, Alexei Ulyukayev, as analysts reveal a 0.5 drop in the first three months of the current year. The International Monetary Fund also decreased its predictions from 1.9 percent to 1.3 ... read entire article »
Mt. Gox in now in the hands of a court-appointed administrator. The former exchange is closer to liquidation than it ever was to rehabilitation. Former CEO and founder Mark Karpels received a subpoena from the US Department of Treasury's Financial Crime ... read entire article »
Car industry is one of the fewest branches working well in Italy. Recent data showed that trade surplus in February increased to 2.6 billion euros and most of it is related to car exports. According to the same statistic, exports went up by 3.1 percent in the ... read entire article »
Buying a home for the first time can be a time-consuming, nerve-wrecking experience. Large amounts of paperwork, procedures, taxes and other await those who are willing to buy a place of their own. If you engage in this process without some basic knowledge about ... read entire article »
Intel recently announced its 2014 first quarter results. The American chip maker meat its expectation with a 12.75 billion Dollars in revenue. However, not quite everything work great at Intel. The giant company reported a 0.37 dollars per share earning which i ... read entire article »
A 22 year old operator at a Norwegian metal recycling plant was hit by pure luck. He found 14,00 euros (115,000 Norwegian kroner) in a safe box dumped at the site. John Erik Tveidal told VG newspaper he was just about to end his shift, found the big safe box and ... read entire article »
The search mission for the missing Malaysian plane is about to become the most expensive rescue operation the world has ever seen as the joined military forces of US, Australia, China, and Vietnam have already spent $44 million in one month search time. As a ... read entire article »
According to the economy ministry, Germany is expected to experience an economical growth of 1.8 percent in 2014 and 2.0 percent in 2015. The forecast is optimistic as opposed to last years’ increase of just 0.4 percent due to weak exports and poor investments. ... read entire article »
The tax heaven of Luxemburg turned into a tax hell for a couple. Germans Customs officers pulled over a car near Trier for a routine road check. Although the elderly couple did not look suspicious police found 200,000 euros on them. In the European Union any ... read entire article »
