Turkey has always been a popular tourist destination. However, now the tourists refuse to travel to the country for fear of terrorist attacks. Reduction in the number of tourists may lead to losses of up to EUR 5 billion. Turkey is the sixth most popular tourist country. Last year, it was visited by 42 million tourists. Revenues amounted to nearly 30 billion Euros. However, the attacks and...

Norway is ready to use its oil accumulation in order to support the economy and stop the growth of unemployment in the background of the sharp fall in oil prices. As stated by the Prime Minister of Norway, Erna Solberg in an interview with Bloomberg, the authorities are preparing a draft budget for the following year taking into account the use of the $ 875 billion sovereign wealth fund, which...

Nandan Nilekani is a billionaire and co-founder of software developer Infosys. Also, he is one of the most popular figures of the Indian tech sector. In 2009, he left the company and is now trying on the role of the elders of Bangalore’s Internet industry, which is engaged in the transformation of the city with population of 10 million people in the global technology hub. He tells about...

Oil and gas sector will remain one of the best facilities in the world for investment, with the hydrocarbon energy for a long time remaining the main source of energy for mankind. Billionaire David Rubenstein, co-director of co-founder of Carlyle Group, one of the largest asset management companies on direct investments in the world, came out with such estimates in an interview with CNBC. The...

USTelecom has sued the FCC over its ‘net neutrality’ rules. The case will be heard in the U.S. Court of Appeals, District of Columbia Circuit. The outcome of this case is likely to have a major impact on us all in this increasingly connected world. On the 4th of December this year, a U.S court of Appeals with begin hearing oral arguments, the outcome of which could set a legal precedent,...

Despite aggressive measures put in place to break its fall and reverse its downward movement, local as well as international demand for Chinese goods has waned. Officials from the PBOC expect the economy to cool off this year. As per an official from China’s Central Bank, downward pressure on China’s economy is likely to persist during the second half of this year. Exports and government spending...

A host of factors including the cheap price of oil have played a key role in boosting the U.S. GDP. With the second quarter results coming in and with the increase in consumer spending along with the housing sector picking up momentum, U.S economic growth is likely see some acceleration and offset the drag from the energy and the trading sectors. A steady forward momentum in economic growth could...

According to the European Wind Energy Association (EWEA), the first half of this year was a record by the number of coastal wind power generators. Power capacity of the installed electric turbines in this period surpassed 200% and amounts to 2.34 GW. In a total, 584 of the new wind turbines were set, which is 160% more than the same period of 2014. According to a report published today by the...

Uber’s ride sharing service had caused widespread violent protests in France. France’s traditional taxi drivers have a reason why they are being so protective but, Macron thinks that the two can co-exist. France Economy Minister, Emmanuel Macron, has announced that with the arrival of Uber on the ride sharing scene, there is an urgent need to update the legislation for taxi services. He has...