UK announced in 2015 budget for establishment of a vast marine area The United Kingdom is making the biggest marine reserve worldwide in South Pacific Ocean. This exceptional reserve will cover the area of nearly cover 322,000 square miles around the isolated Pitcairn Islands, a British ultramarine territory that is habitat of nearly 1,249 kinds of fishes, birds, and marine creatures and also...

Japanese large companies declared an increase in base wages. Shinzo Abe, Prime Minister of Japan has been persistently putting strong pressures on nationwide businesses to increase wages, very critical yet missing part of Japan’s economic growth strategy. As a result of aggressive intervention by the prime minister, Japan’s leading companies announced their plans for a major pay hike in the...

Gaming consoles and games developer Nintendo in Japan made the first move in favor of the release of gaming applications for mobile devices. Game for smartphones and tablets will be developed with world-renowned characters: Mario, Pokemon, gorilla Donkey Kong and others. The company has signed a contract with a publisher DeNA. The transaction involves the launch of a new gaming platform. Satoru...

US Internet company Yahoo is closing its last office in mainland China. Development center and research Office will be closed in Beijing. Internet giant on par with other high-tech firms in China has faced stiff competition from local companies. Due to the closure of the office about 200-300 people will lost their job. The company informed the employees on the reduction on Wednesday. Yahoo...

US-based mobile app ride-hailing service Uber Technologies has signed a deal with Chinese Yongda Automobiles Services Holdings to provide discount and financing for the car of Uber drivers. The Chinese luxury auto dealer will provide Uber’s partners including transportation firms and independent drivers discount on new car purchases, finance and after-sales service. The company signed this deal...

The Reynolds Group of Company has finally released its revised list of Asset related purchases including their respective due settlement date. The list is covered mainly under two scheme and can grouped under two categories. Based out of Lake Forest of Illinois and also worldwide known for their quality manufacturing and prompt consumer service, The “Reynolds Group” of Company and a portion of...

US-based food products and grocery Company Kraft Food has voluntarily recalled thousands of cases of its original-flavored macaroni and cheese in the US and other countries due to a concern that some boxes may contain pieces of metal. Though there were no reported injuries due to consumption of the product, eight consumer complaints have already been logged about the product. The company...

Australia-based world’s biggest mining company BHP Billiton has announced the next steps for its newest spin-off, South32, noting that much less debt would be shelved off to the company when it lists in May. The new company South32’s detailed assets and their performance were announced in a report. The assets including aluminum, manganese, nickel, silver and coal were overshadowed by the growth...

Swiss Holcim’s Board of Directors rejected the terms of the merger with the French Lafarge, as a result of which the largest cement producer in the world would be created. It is said in the companies’ statement. Lafarge announced that it received a letter from the chairman of the Holcim Board of Directors on Sunday, which states that the French company does not want to follow the terms of the...