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Monthly Archives: July 2015

Stocks Fall, Yen Jumps on China Turmoil

World stock indexes fell and the yen jumped against the dollar on Wednesday on concerns over China’s market turmoil and lingering worries over the future of Greece in the euro zone. U.S. stocks ended sharply lower, with investors also unnerved by a more than three-hour suspension in New York Stock …

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EU Antitrust Regulator Accuses MasterCard of Excessive Card Fees

EU antitrust regulators accused MasterCard on Thursday of over-charging non-European cardholders to process their purchases in Europe, the second time the EU has taken on the world’s No. 2 credit and debit card network. “We currently suspect Mastercard is artificially raising the costs of card payments,” said the EU statement. …

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National Geographic Georgia to Display Photos at Kus Tba Today

On July 9, National Geographic’s Georgian editorial will present its photo show at Kus Tba or the Turtle Lake in Tbilisi. The photos on display will include the National Geographic magazine’s best photos from the past year, as well as archival photos and unpublished photos. Among the archival material, the …

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‘Ground Zero’: China’s Stock Market Crash up Close in Shanghai

BEIJING — For decades, the Chinese Communist Party has been able to keep control of democracy protests, dissidents, the legal system and the military, but it is now facing an even more intractable foe: a plummeting stock market. Invisible and fast-paced, mutinous market forces­ have defied the party-led government’s efforts …

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6 Futuristic Building Technologies That Will Change the World

Technology progresses at a breakneck pace — but why is our built environment so far behind? Fortunately, some smart folks have devoted their lives to developing futuristic technologies that can reduce the carbon footprint of buildings, make them more energy-efficient and lower maintenance costs. In just the past few years, …

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PM Initiates Idea to Establish Civil Servant Training Center

Prime Minister Irakli Gharibashvili has initiated the creation of a civil servant training center at today’s governmental meeting. According to the Prime Minister, the center will become operational after the law on Public Service takes effect. “Last week we endorsed the bill on Public Service and sent it to the parliament, …

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Bloomberg: The Israeli Shekel ‘World’s Worst Currency’

Bloomberg dubbed the Israeli shekel the ‘World’s Worst Currency’ after a roller-coaster week saw it climb 2.1% and, following an intervention by the Bank of Israel, drop .8%. The shekel had fallen to 3.7754 on the dollar, making it the most depreciated currency of the 30 major currencies tracked by Bloomberg …

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Greece Debt Crisis: Tsipras Promises Credible Reforms

Greek Prime Minister Alexis Tsipras has promised his government will submit credible reform proposals to its creditors on Thursday. Mr Tsipras was speaking during a fractious debate on the Greek debt crisis in the European Parliament. Greece is desperate for a third bailout to avoid bankruptcy and possibly crashing out of …

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The 10 Best Selling Books in Georgia

Georgian bookstores chain Biblus has just released its list of the 10 bestselling books in the country. The bookstore is already prepared  for the summer season, which according to its marketing department is the most active season for readers in Georgia. In this regard, the bookstore offers a discount of …

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Tbilisi To host First Asian Infrastructure Investment Bank Meeting

 Next month, Geogia’s capital will host  the first round of negotiations of the China-led Asian Infrastructure Investment Bank (AIIB). The AIIB is newly created bank that is expected to be established by the end of this year for the purpose of providing loans for infrastructure projects in developing countries in …

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Trading Resumes on NYSE After Nearly 4-hour Outage

The New York Stock Exchange was forced to suspend trading for several hours on Wednesday in the biggest outage to hit a U.S. financial market in nearly two years, unnerving investors already rattled by the meltdown in Chinese stocks and the Greek debt crisis. The exchange, a unit of Intercontinental …

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