Category: Business

The icy holiday season brings sales down

This year as a result of the snow and storm endured by the nation, instead of what was supposed to be a challenging period for most retailers ended up as being one of the worst Easters in years. Meteorologists predict that the bad weather is going to continue and it is said that this was […]

Popularity: 19%

Gazprom to decrease Ukraine’s gas

The gas monopoly of Russia Gazprom is planning to cut Russia’s gas and intends on reducing it by 25 per cent after talks between the two sides collapsed in failure. The Russian company said that it has tried its level best to get Ukraine to pay its debts and its efforts had only reached a […]

Popularity: 19%

Iran begins the year in a subtle mood due to economic crisis

To bring in the New Year with good luck the Iranians have been stocking up their houses with food and gold which are traditionally known as a symbol of prosperity. However the year has turned otherwise for them. The reign of the president, Mahmoud Ahmadinejad, has led to a period of increasing unemployment and rocketing […]

Popularity: 29%

Oil prices reach an all-time high

In the recent pricing the rate of a barrel of oil has reached an all-time high. The ever increasing demand for oil and depletion of resources has led to a rise of this vital commodity. A barrel of oil in the US initially touched about $103.72 but had settled at the end of floor trading […]

Popularity: 28%