Banks will be closed all week in Greece
European Central Bank has decided not to extend emergency funding to Greece. This resulted in Greek government introducing capital controls and temporarily closing banks all week.
Decree to protect the Greek financial system :Cash...
Big brands are becoming big business in Iran
A luxury-shopping revolution is taking shape in Iran. The roadside billboards and luxury shopping centres that have come across Tehran makes it clear that Iranian consumers on average have more money to spend.
Middle-class Iranians...
40,000 Migrants to be relocated from Italy and Greece
EU leaders have agreed to relocate 40,000 migrants who have arrived in Italy and Greece to various EU states.
EU leaders, after their talks in Brussels, have decided to relocate 40,000 migrants who have arrived...
EU removed all Philippine carriers from its safety blacklist
Based on European Union’s removal of all remaining Philippine carriers from its safety blacklist, aviation authorities confirmed that Philippine airlines will no longer be banned from flying into Europe.
The decision is based on a...
France bans UberPOP services after a nationwide protests by taxi drivers
Taxi driver’s nationwide protests forced France's interior minister to order a ban on the low-cost car-sharing service UberPOP.
Bernard Cazeneuve said the service was "illegal" and ordered police and prosecutors to enforce its closure. He...
China creates new island in South China Sea
China says "within days" it will complete building few new islands in the South China Sea.
The construction work for the new island has been carried out at a very fast pace. This has sent...
Death of Oscar-winning Titanic composer James Horner
James Horner, the Hollywood composer who wrote the Oscar-winning score for Titanic, has died in a California plane crash aged 61.
Oscar-winning composer James Horner, a trained pilot, died in a light aircraft crash on...
Elections are set for December in Venezuela
The National Electoral Council in Venezuela has declared December 6th, for the country's National Assembly elections after a prolonged delay in setting a date.After months of delay, Venezuela's National Electoral Council (CNE) has announced...
Mother and baby survive a plane crash in Colombian jungle
A young mother and her 1 year old baby were found alive after their plane crashed in the jungle of western Colombia.In a miraculous incident, Maria Nelly Murillo, 18 and her one-year-old son were...
Sister Nirmala: Successor of Mother Teresa passes away
Sister Nirmala, the nun who carried forward Mother Teresa's legacy of compassion, gentleness and service to the poorest of the poor passed away at the age of 81.
Sister Nirmala took over and ran...