Category Archives: Business News

China Mine Explosion Kills 21, Traps 16 Others

Rescuers are now trying to recover 16 Chinese miners trapped inside a mine following a gas explosion that killed at least 21 people. The gas explosion came amid Chile’s celebration for the dramatic success of rescue operations to some 33 miners there. Continue reading

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Chilean Miners Rescued After 69 Days

Summary: Crowd gathered outside a mine in Chile cheered as miners trapped underground for more than three months were rescued one by one through a special capsule, giving their families shy of reliefs. Continue reading

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French Labor Protests Cause Major Transport Headache

Thousands of commuters on Wednesday were forced to elbow their way onto subways and buses, which were packed like sardines, following an open-ended strike against the French government’s plan to extend retirement age to 62. Continue reading

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US Retailers Eye Robust Sales Figures in September

Aggressive Back-to-School Shopping Promotions May Fuel Stronger Revenues for Retailers Following aggressive promotions and discount offers, many retail stores in the United States is now eyeing higher sales gains for September as the back-to-school shopping season comes to a close. … Continue reading

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US Home Sector Stabilizes, Manufacturing Orders Spikes up

Housing Market Slowly Going Back to Normal, New Orders for Factory Made Goods Increase The National Association of Realtors released a new data showing that the US housing sector is now making a slow come back in August while new … Continue reading

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NoKor Hails Kim Jong Un as New Leader

A top official in North Korea has confirmed that Kim Jong Un, the youngest son of Kim Jong Il, was hailed as the next leader of the socialist country, the APTN reported on Friday. Continue reading

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Israel to Amend Controversial non-Jews Citizenship Oath

Prime Minister Bejamin Netanyahu is now pushing for the amendment of the loyalty oath to all non-Jewish citizens. However, the Israeli Prime Minister faces a tough hurdle in the form of foreign minister Avigdor Lieberman, considered as one of the hardliners against the policy. Continue reading

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GM to Recall 4,000 Cadillac over Steering Problem

Some 4,000 Cadillac sold in the United States and China were being recalled by General Motors following investigations that faulty power steering could lead to engine fires. At least one incident has already been reported. Continue reading

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Sludge-torn Hungary Villages Demand Compensation

Authorities ordered immediate investigation of the massive sludge that has destroyed three villages in Hungary, killing at least four people and injuring more than 120 people, and left hundreds of residents displayed — many of them suffered from burns due to chemicals in the sludge. Continue reading

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Samsung to Launch Galaxy Tab Globally This Year

Samsung Sets Apple Inc. as its Next Target Samsung Electronic is now eyeing to launch the new Galaxy Tab tablet computer globally by the end of this, in an effort to compete directly against the market dominant Apple iPad. Dubbed … Continue reading

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