A sort of Fusarium wither showed up this year in Australia's fundamental banana-developing state in the wake of spreading to Asia and Africa. While the fungus has been around since the 1990s and has yet to influence top exporter Ecuador, Fresh Del Monte Produce Inc. called it a potential “big nightmare.” The United Nations says the sickness debilitates supply, and Latin American cultivators are...

The Russian economy has been gradually growing surprising many industry pundits. Russian GDP is set to recover in spite of strict sanctions. Most of Russia’s growth predictions are based on future of oil prices as Russia is trading in oil again. The bear-like Russian economy is now a raging bull. From the perspective of any portfolio manager, this has been the case for ages. The reputed CFA...

The publication notes that this is the first official announcement of the discovery of commercial reserves on the continental shelf of Cyprus, after a consortium of Eni / Kogas and Total of France, previously working on blocks 10 and 11, declared their coagulation due to lack of results. US-Israeli consortium must now submit to the Government of Cyprus for approval development plan and...

The rising inflation rates to 0.3% in the month of May introduce fresh breath of hope in the European economy. Thestrategist.media – 07 May 2015 – The B.B.C. News reports that the month of May has brought positive news in Europe. The economy of the said country has been facing an affect of inflation for the past five months. Consequently, the rising “eurozone” caused either stagnation or sheer...

The floatation of AO World in the ‘stock-exchange’ failed to contribute to its revenue profit margins significantly. Thestrategist.media – 05 June 2015 – According to the reports of AO World, there has been a “pre-tax loss” for an entire year, which amounts to “£2.9m”. Consequently, “trading” in the United Kingdom continues to be “challenging”.   “AO World” is a domestic “appliance...

Rich man and serial investor Warren Buffet’s annual charity lunch has been auctioned for $2.3m to a Chinese gaming company.   The lunch has been in the auction for 16 years and is a popular annual gig for the CEO of Berkshire Hathaway. The funds will go to Glide Foundation, an NGO that works to get communities to help break the cycles of poverty and marginalization. The auction started at...

The Food Safety and Standards Authority of India (FSSAI) has ordered Nestle India to immediately withdraw nine varieties of its instant noodle brand from the market in the country following reports on high lead and Mono Sodium Glutamate content in the food product.   The Maggi Brand of Noodles, iconic and extremely popular in the country, has been of late going off the shelves in different...

The alliance between Virgin Australia and Delta Airlines has been given the green signal by the competition watchdog of Australia albeit, for half the period that was requested.     The airlines formed the alliance in 2011 and have requested for a renewal for up to ten years. The alliance helped the airlines to combine their services to Australia and the US, according to the...

The most expensive car collection in the world with 23 unique post-war cars will be offered for sale a auction house Sotheby's in August. The collection’s value is estimated at a record $ 65 million - said the publication Gear Patrol. The collection will be sold at prestigious exhibitions Concours d'Elegance, which is held annually in the Californian city of Pebble Beach. The name of its owner is...