Despite the fact that Canada is rich with water resources, it is predicted that it is going to be short of water, as demographic change and the climatic situation in the country are threatening the water resources of Canada. However, the assumption, that Canada could export water, has periodically emerged. Nevertheless, these plans are very unlikely both because of disagreement with the...

Skytrax, having gathered information about the flights, released the rating of the best airlines in 2015 according to the customers. The survey was attended by 18.9 million travelers from 105 countries. It study involved more than 245 airlines that were evaluated by 41 parameter - from the process of boarding the plane to seat comfort and level of service on the board. Below are the top 10...

US-based ride sharing service Lyft has settled a suit which alleged that the company violated the state laws of New York by paying $300,000.   Last year Attorney General of New York Eric Schneiderman and former NY Superintendent of Financial Services Benjamin Lawsky sued the company for what was termed as an illegal service within the country. The suit also went on to allege that Lyft ran...

Cisco Systems Inc. to invest and joint projects in China worth more than $ 10 billion in the next few years to strengthen its position in this key market, reports MarketWatch. Cisco unveiled the investment plan after a meeting of top managers - the leaving CEO John Chambers and his successor, Chuck Robbins - with Vice Premier Wang Yang and other Chinese officials in Beijing. The company has not...

The investigation team of Prosecutor of Switzerland collected data on 104 bank transactions that aroused suspicion during the investigation of cases of money laundering in the vote for the host country of the World Championships 2018 and 2022. - Our investigation is very difficult and quite large. For example, the Swiss prosecutor's office seized 9 terabytes of data. In addition, the...

21st century Fox CEO Rupert Murdoch will step down from his position and hand the helm of his company to his sons in another two weeks.   The Octogenarian will make his son James Murdoch as the next CEO. Currently, James Murdoch is the group's co-chief operating officer. Meanwhile, Rupert Murdoch will be on the board of the company as an executive co-chairman along with his eldest son...

Metcash, the wholesale supplier for IGA supermarkets in Australia, has announced the sales of its automotive division for $275 million after the company declared a huge loss of $384.2 million on write-downs.   The skyrocketing write-downs means that the company is depreciating in terms of asset value in the grocery market in the country. To make matters worse, the company made sales...

Japanese automaker Toyota Motor Corp. plans to buy back its own shares worth up to 600 billion yen ($ 4.9 billion), reports Bloomberg. Due this shares repurchase, the automaker intends to limit the dilution of shareholders after the additional issue of securities. Previously, the company approved a placement of new shares to long-term investors. Shares will be named "Model AA" in honor of the...

US-based pharmacy and healthcare major CVS Health is planning to buy department store chain Target’s pharmacy business for $1.9 billion.   With the major acquisition, CVS, which already is the largest dispenser of prescription drugs, the biggest specialty pharmacy as well as health care clinic chain is in a position to underline its dominant position. The deal could mean that CVS will...