China blocking of VPNs stress in Hong Kong

Worries brewing in fiscal heart that additional moves by government to censor content could scare foreign SME away. News that China has begun to block virtual private network (VPN) services that enable on-line censorship to be skirted by netizens is causing stress in Hong Kong, where many foreign companies are based on the free, unimpeded flow of info to function. …

Expedia purchases Travelocity for $280 million

Acquisition follows almost two years of partnership between the competing travel websites Expedia purchased journey booking website Travelocity for $280 million in cash on Friday . Travelocity maintains 20 million travelers make use of the website each month. The underwhelming buy out follows nearly two years of partnership between the former adversaries. Expedia consented in 2013 to let Travelocity use …

Anti-international activists demonstration Davos forum with snowmen

Anti-globalization campaigners make snowmen to protest the World Economic Forum Around one-meter-tall snowmen represent all countries on earth. Members of the World Economic Forum have long held that their stated purpose of assembly per annum is to “enhance the condition of the planet.” But protesters say the assemblies are covertly directed at promoting the programs of lobbies and corporations at …

Phillipines gov' t of hiding homeless from Pope

Government agency accused of rounding up around 500 displaced kids and concealing them in resort during Pope’s visit A Filipino student group has lambasted a government agency for supposedly rounding up around 500 displaced kids as well as their families and “concealing” them in a resort so they would not be seen during Pope Francis’ recent visit. In a statement …

After 60 years, Sino Afghan ties set for new age

Afghanistan looks towards China for economical, security support as it plots a course towards peace As neighbors, Afghanistan and China share much of their history and specialists consider their venture is on the brink of entering a brand new age this week with both nations marking the 60th year of their diplomatic relationship. Among the symbols of the relationship is …

Moody's downgrades cities and 14 Russian areas

Moscow ‘under review’ for downgrade while St. Petersburg is reduced, according to international evaluation service. International rating agency Moody’s has declared it’s downgraded municipalities and 14 Russian areas and put the Russian capital of Moscow on review for a downgrade. The organization ‘s web site on Wednesday mentioned the “possible deterioration of its own credit profile in an environment of …

The president in Turkey smashes central bank for ' #039 & inadequate; rate reduction

Erdogan: ‘It is not possible to find this reduction satisfactory. International authorities say this reduction won’t be sufficient.’ The rate of interest cut introduced on Tuesday by Central bank of Turkey is not sufficient for sorting out economic problems, Turkish President Recep Tayyip Erdogan has said. Erdogan stated that the calls not seemingly suggested the Central Bank of Turkey for …

Turkish workers respond to minimal wage increase

  Although Turkish minimum wage enters four-digit territory for first time in nation’s history, specific workers consider it inadequate to satisfy needs “Not enough”, “Inadequate,” are only a few of the terms used by specific Turkish workers with regards to the most recent statement of a minimum wage increase. The net minimum wage was improved to 949 Turkish liras ($410) …

Davos: Renzi slams ECB's austerity policies

  European Central Bank should help Europe locate a fresh way and increase invention to develop a brand new Renaissance, says Italian prime minister. Italian Prime Minister Matteo Renzi has slammed the European Central Bank’s policy of demanding “austerity” on countries with elevated rates of debt. Renzi said on Wednesday at a seminar on direction in the World Economic Forum …

Turkey’s locally-made cell phones at all time high

  In 2014, local mobile phone production increased to 1.71 million, signaling an increase by 208 percent, Turkish Transport Minister Lutfi Elvan has said The amount of cell phones made in Turkey rose by over three times in 2014 compared with 2013 amounts, Turkish Transport Minister Lutfi Elvan said. “In 2013, 347,000 cell phones were made in Turkey. But last …