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Knowledge Update

'African countries should direct economic growth to new sectors'

​Nairobi, July 23 (IANS) African countries affected by the massive drop in the global prices of oil should direct trade policies to new sectors, a UN official said.

Mukhisa Kituyi, Secretary-General of the UN Conference on Trade and Development (UNCTAD), made the appeal at the close of a major ministerial conference in Nairobi on

British economy falls post-Brexit

​London, July 22 (IANS) British economy has fallen to a seven-year low amid the ongoing financial consequences of the country's decision to leave the EU, according to a study published on Friday.

When do high-status people get generous?

​New York, July 22 (IANS) All high-ranking people do not always turn out to be selfish jerks. Some become generous, especially those who do not feel their status is fair and equitable, a study says.

Nintendo shares rise highest with Pokemon Go's success

​Tokyo, July 19 (IANS) The 'Pokemon Go' fever that has gripped smartphone users across the globe has led Japanese videogame giant Nintendo to double its value at the Tokyo Stock Exchange on Tuesday.

Demand for shares of messaging app Line soars

Tokyo, July 13 (IANS) Shares of Japanese messaging-app operator Line have been soaring ahead of its initial public offering in New York and Tokyo and are now 25 times more oversubscribed, the media reported on Wednesday.

Twitter signs pact with Bloomberg to live stream financial news

​New York, July 13 (IANS) The micro-blogging website Twitter and Bloomberg Media have signed a deal to live stream several media company's TV news shows on Twitter platform.

Singapore wealth funds keen to invest in India

Singapore, July 8 (IANS) Prominent wealth funds of Singapore have shown keen interest in investing in India, a senior Indian official said on Friday.

"Lot of interest and deep appreciation in Singapore about reforms and policy initiatives in India," Economic Affairs Secretary Shaktikanta Das said in a tweet about his ongoing

Pound hovers around 31-year low

​London, July 7 (IANS) The pound sterling on Thursday continued to hover around 31-year lows in Asian trading as more UK property funds suspended withdrawals in the wake of Britain voting to exit the European Union (EU).

Japan's consumer prices mark biggest fall in 3 years

​Tokyo, July 1 (IANS) Japan's consumer prices fell 0.4 per cent in May from a year earlier due to declining energy prices, marking the biggest drop in over three years, the government said on Friday.

Gold up 4.69 % after Britain votes to quit EU

Chicago, June 25 (IANS) Gold futures on the COMEX division of the New York Mercantile Exchange advanced sharply on Friday as Britain voted to exit the 28-nation European Union (EU).