Oracle Corporation, a leading IT giant, today announced fiscal 2016 Q3 results. But the strengthening of the U.S. dollar compared to foreign currencies had a significant impact on results in the quarter.
Category: International
IOM: Migrant Arrivals by Sea In Italy Top 170,000
The International Organization for Migration (IOM) has revealed that the number of migrants and asylum seekers arriving in Italy by sea in 2014 reached a total of 170,100 by year end 2014.
FT Predictions: The World In 2015
FT writers offer their forecasts for the year ahead, from the oil price to Putin’s next moves As 2014 comes to a close, the Financial Times once again engages in a harmless bit of soothsaying. As ever, we invite some of the FT’s experts and commentators to dim the lights, dust down their crystal […]
IMF Study: Gulf Banks Face Concentration Risks
While banks in the Gulf Cooperation Council (GCC) countries are generally well capitalized, it is difficult for them to have a truly diversified credit portfolio given the structure of their economies, which exposes them to risks that require a greater amount of scrutiny, a new IMF study finds.
Mugabe Laughs At Ghana; “They Are Still As poor As In The 60s”
ZIMBABWE President, Robert Mugabe has mocked Ghana’s development during a speech in which he was responding to his Vice President who had suggested Ghana is doing well.
China Cuts Interest Rates To Rev Up Slowing Economy
CHINA’S central bank cut benchmark interest rates on Friday, answering rising concerns over the health of the world’s second biggest economy as factory activity slows, house prices fall and growth rates slide to their lowest in almost a quarter century.
British Calls On World Leaders To Stop Children Doing Risky Jobs
The British Safety Council has called upon the 190 UN Member States that have ratified the Convention on the Rights of the Child (CRC), to live up to their commitments to stop this from engaging in dangerous jobs.
UK Court Orders Comoros To Pay £110,000 To Union Marine
JUSTICE Males of the English Commercial Court has ordered the Government of the Union of Comoros to comply with an outstanding order of the court to pay £70,000 costs to Union Marine, its current challenge against the Arbitration Award of Mr Bruce Harris will stand dismissed.
UK Prime Minister: World Facing Second Economic Crash
UK Prime Minister, David Cameron has said that “red warning lights are flashing on the dashboard of the global economy” and a second global crash could be looming.
‘Womenomics’ Is Starting To Transform The Muslim World’
THE first convert to Islam was a businesswoman. She was a wealthy trader who inherited her father’s business and later expanded it into an even more impressive enterprise.