The U.K. Office for National Statistics said it is planning to upgrade its forecast for economic growth to 2.9% for 2014, from 2.8%, as long as other estimates, such as revisions to consumer spending or income, remained the same...
As the talks between Greece and its partners have come into a dead end, rumors about Greece's default now seem to come true, as EU officials have formally started discussing the country's default...
With the launch of this new service, users will be able to book hotels via the hotel channel of Gome.com.cn. The hotel channel will enable booking of 280,000 hotels across China...
On Thursday Jens Weidmann, Bundesbank head and European Central Bank Governing Council member, increased the pressure on Greece to meet the demands of its international partners, as there is a mounting risk of a self-destructive insolvency that would first of all damage the Greek economy and soci...
Fresh Chinese data on retail sales and industrial production matched economists' expectations giving cues that the world's second largest economy may have bottomed out and will soon start to gain momentum...
Injong Rhee, Samsung's executive vice president, told investors during a company activity in Seoul that they plan to launch mobile payment services in South Korea and America in September 2015, which will be the same time of launching its next-generation flagship smartphone...
"It's really what keeps me awake at night ... How is society going to cope with structural unemployment and the envy, hated and the social warfare...
Germany will buy a stake in the China-led Asian Infrastructure Investment Bank that will make it the fourth largest shareholder, the German cabinet has confirmed. The country's capital investment will likely amount to some $900 million, according to a draft proposal...
With the strategic partnership, the two parties will also strive to improve awareness of Internet hospital brands and explore the value of medical big data...
In an announcement, the company says that the first version of BitPay’s multi-signature wallet Copay was released on June 3. It is expected that Copay, a multi-signature wallet built on BitPay’s Bitcore, an open-source platform for Bitcoin- and blockchain-based applications will be popular...
European economy saw a rise under Mario Draghi stimulus: profits are increasing, and the market is up...
Apple Pay will be linked to loyalty cards and will be introduced in the United Kingdom in July, as the company seeks to overcome hiccups with its electronic payment system, combating rivals such as Google Inc., EBay Inc.’s PayPal, etc. At 9 a.m...
If Greece fails, it will be the beginning of the end of the eurozone, Greece's Prime Minister warned this morning, as he struggled to reach an agreement with creditors...
Chinese online game and mobile Internet application developer NetDragon announced that Simon Leung, former Microsoft worldwide senior vice president and Greater China CEO, has joined NetDragon as deputy chairman of the board of directors...
“Everyone around the table wants Greece to say in the euro….but we have rules,” said German Chancellor Angela Merkel during the G7 Summit, noting earlier that every day counts in the race to finalise a deal with Greece...
Compared with the previous week, the period from June 8 to June 12 has a less busy agenda. However, it will be more accurate to say the economic week has started from Sunday - the first day of the G7 Summit held in Germany...
According to Mo Cuitian, Letv's vice president and Asia Pacific executive president, the new Internet movie and TV entertainment platform will replace the traditional live broadcast model with a video-on-demand model, providing flexible entertainment choices to audiences in Hong Kong...
Alibaba Group signed a strategic agreement with Shanghai Media Group to leverage both companies' Internet technology and media resources to penetrate China's financial information services industry. Alibaba Group intends to invest CNY1...
After two years of debates and revisions, the New York Department of Financial Services (NYDFS) released BitLicense, the world’s most awaited Bitcoin regulatory framework that many experts believe could be a prototype for other state regulators. Mr...
