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Month: August 2018

Myanmar’s Tour Operators Call for Plan to Boost Industry

08/22/2018 Ranbiz

When reforms began in Myanmar in 2011, its tourism sector was considered as one of those most likely to take advantage of the economic opportunities as the country looked to…

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‘Leakage’ of Coal From North to South Korea Worries Experts

08/22/2018 Ranbiz

Following Seoul’s announcement that South Korean companies have illegally imported North Korean coal, U.S. experts are worried about North Korean trade that contravenes international sanctions. The Korea Customs Service (KCS)…

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Facebook, Twitter Remove Accounts Linked to Iran, Russia

08/22/2018 RanIT

Social media giants Facebook and Twitter said they have removed hundreds of pages and accounts linked to Russia and Iran ahead of the midterm elections in the U.S. Facebook said…

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Chile’s Pinera Promises to Spur Investment with Tax Reform

08/22/2018 Ranbiz

Chilean President Sebastian Pinera said on Tuesday that his overhaul of the country’s tax structure would “modernize” Chile’s revenue system and stimulate investment by local and foreign companies. The conservative…

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With Sensors and Apps, Young African Coders Compete to Curb Hunger

08/22/2018 RanIT

From an app to diagnose disease on Zambian farms to Tinder-style matchmaking for Senegalese land owners and young farmers, young coders have been finding solutions to hunger in the first…

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IATA: Mexico’s New Airport Crucial for Passenger Growth

08/22/2018 Ranbiz

Mexico risks losing long-term passenger growth and billions of dollars if it fails to go through with building a new hub in the capital to alleviate congestion, an executive with…

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Lebanese Chafe as Economic Blues Begin to Bite

08/21/2018 Ranbiz

For Mazen Rahhal, a shop owner in a bustling district of Beirut, Lebanon’s economy has seldom felt more precarious. In one store, he sells clothes at a fraction of their…

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US, Mexico Put Off NAFTA Talks Until Wednesday, Autos Eyed

08/21/2018 Ranbiz

U.S. and Mexican officials postponed ministerial talks aiming for a breakthrough in the revamp of the North American Free Trade Agreement (NAFTA) until Wednesday, although one member of the incoming…

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Judge: 3D Guns Are Issue for President, Congress

08/21/2018 RanIT

A federal judge hearing arguments over a settlement between the Trump administration and a company that wants to post plans for printing 3D weapons on the internet said Tuesday that…

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Small Firms Thrive as Customers Seek More Unique Clothing

08/21/2018 Ranbiz

Claudio Belotti knows he cut the denim that became the jeans Meghan Markle wore on one of her first outings as the fiancee of Britain’s Prince Harry.   That’s because…

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South Africa’s Land Bank: Land Expropriation Could Trigger Default

08/21/2018 Ranbiz

South Africa’s state-owned Land Bank said on Monday a plan to allow the state to seize land without compensation could trigger defaults that could cost the government 41 billion rand…

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Born Out of the Financial Crisis, Bull Market Nears Record

08/21/2018 Ranbiz

The bull market in U.S. stocks is about to become the longest in history.   If stocks don’t drop significantly by the close of trading Wednesday, the bull market that…

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Paul Allen’s Space Firm Details Plans for Rockets, Cargo Vehicle

08/21/2018 Ranbiz

The space company of billionaire Microsoft co-founder Paul Allen on Monday unveiled details of medium-lift rockets and a reusable space cargo plane it is developing, injecting more competition into the…

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Cuban Farmers Shrug Off Promise of Private Ownership

08/21/2018 Ranbiz

Cuba’s decision to change its constitution and allow private property ownership has been shrugged off by small farmers, who say the island will never feed itself without far broader reform…

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Trump: It Is ‘Dangerous’ for Twitter, Facebook to Ban Accounts

08/21/2018 RanIT

U.S. President Donald Trump said on Monday that it is “very dangerous” for social media companies like Twitter and Facebook to silence voices on their services. Trump’s comments in an…

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PepsiCo Buys Israel’s SodaStream for $3.2 Billion

08/20/2018 Ranbiz

Beverage giant PepsiCo on Monday purchased Israel’s fizzy drink maker SodaStream for $3.2 billion, a boon for a company that has enjoyed a resurgence after being targeted by anti-Israel boycotters…

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Conoco Says Venezuela Will Pay $2 Billion Arbitration Award

08/20/2018 Ranbiz

U.S. oil giant ConocoPhillips says it has reached an agreement with Venezuela’s state-owned oil company to recover nearly $2 billion it was awarded as part of a decade-old expropriation dispute.…

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Amid Fiscal Woes, Malaysia PM Calls for China’s Understanding

08/20/2018 Ranbiz

Malaysian Prime Minister Mahathir Mohamad says he hopes China will understand his country’s “internal fiscal problems” as he seeks to renegotiate billions of dollars worth of Beijing-funded projects. Mahathir spoke…

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Greeks See Little Cause for Joy as 8-Year Bailout Era Ends

08/20/2018 Ranbiz

There’ll be no dancing in the moonlit streets of Athens. For all the official pronouncements that Greece’s eight-year crisis will be over as its third and last bailout program ends…

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Iran Oil Minister: France’s Oil Giant Total Pulls Out of Iran

08/20/2018 Ranbiz

Iran’s oil minister says France’s oil giant Total SA has pulled out of Iran after cancelling its $5 billion, 20-year agreement to develop the country’s massive South Pars offshore natural…

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Euro Fund: Greece Has Officially Exited Bailout Program

08/20/2018 Ranbiz

“For the first time since early 2010, Greece can stand on its own feet,” the European Stability Mechanism (ESM) rescue fund said as Athens exited its final, three-year international bailout…

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Maduro Unveils New Banknote, Other Economic Reforms

08/19/2018 Ranbiz

Uncertainty reigned in Venezuela Saturday after President Nicolas Maduro unveiled a major economic reform plan aimed at halting the spiraling hyperinflation that has thrown the oil-rich, cash-poor South American country…

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Kabul IT Company Designs Buber, the City’s Own Online Taxi App

08/19/2018 RanIT

People in big cities around the world typically enjoy a wide range of public transportation options. Those who own smartphones also have the choice of using some of the increasingly…

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Dragonfly, Privacy Issues Keep Google in the Headlines

08/19/2018 RanIT

Google has been in the headlines recently, and the news was not good. The technology company left the Chinese market eight years ago to protest Beijing’s censorship, but now appears…

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Scientists Extract Uranium Powder from Seawater with Yarn

08/19/2018 RanIT

The world’s oceans are filled with trace amounts of uranium, the primary fuel for nuclear power reactors. The trick is extracting it from the seawater. Now, scientists in the U.S.…

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Turkey’s Economic Crisis Rattles Global Markets

08/19/2018 Ranbiz

A budding trade war between the U.S. and Turkey over a detained American pastor is having global consequences. A sharp drop in Turkey’s lira, inflation and the threat of loan…

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