Trump retracts from tax cuts in the wake of US recession fears

  As global markets are witnessing a slowdown and ongoing trade war between US and China, on the other hand, changes in US tax policy are expected to contain the damage, which may affect the US economic outlook in the future. After much speculation however on expected changes in the US tax policy front, President

After Trump’s “locked and loaded” remark, Xi Jinping calls White House for rhetoric restraint

Chinese President Xi Jinping has called US President Trump on Saturday pleading for restraint on the ongoing war of words and actions which would help ease off tensions escalating between the US and North Korea. The call from Chinese President Jinping came after the US declared its military to be “locked and loaded” as well

Google launches new Nexus 7 tablet line-up and Internet video’s streaming device Chromecast

Google is betting on consumers, believing they won’t mind paying bit more for a sleeker, more powerful version of its Nexus 7 tablet as the Internet company take its rivalry with Apple and Amazon.com further in technology’s ultimate battleground known to be the mobile computing market. The latest fancy devices were unveiled in San Francisco

Der Spiegel report alleges US of spying on key EU offices

German magazine Der Spiegel has alleged US of spying on core EU premises in New York and Washington in one of its report, citing a secret 2010 document. The head of European Parliament has demanded “full clarification” from the US over the report alleging America bugging key EU premises. Martin Schulz said that if the

US regains top spot in confidence survey on FDI, beats China

US regain top spot as the top executive’s choice for FDI after a gap of 12 years. The reason behind this win for US is considered to have been its recourse towards sustainable and stable economic development in comparison to China. The United States was on fourth place in the same survey conducted in 2012. The

US to step up support to rebels after evidence on Syrian government’s use of chemical weapons

After Barack Obama has announced White House’s plans to arm Syrian rebels due to receiving evidence regarding Syrian government making use of chemical weapons against rebels, there are growing expectations of this being the next big news for some days now. Here are the latest updates on the issue as Assad forces launch Aleppo assault.

Low-budget horror flick “The Purge” shocks everyone with its $36.4Mn run at the Box-Office

Hollywood suspense thriller flick “The Purge” has topped this weekend box office collections with an astounding $36.4 million.  The development lead to Industry expectations being doubled from the movie, according to studio estimates Sunday. As the audiences really starved for a horror film, Universal studios gave them just that with its micro-budget film starring Ethan

Man behind NSA spy program leaks revealed by The Guardian

The London based Guardian newspaper alleges that a 29-year-old American working as a contractor for the National Security Agency is acting as its source of leaks on the U.S. government’s surveillance programs. The newspaper said that it is revealing Edward Snowden’s identity only after he himself requested it. Snowden has reportedly said  “I have no

Obama defends NSA surveillance program, Urges people to draw balance between privacy and security

President Barack Obama has called out to Americans urging them to “make some choices” in drawing balance between privacy and security. Obama was on the defensive for the NSA secret surveillance programs which is known to sweep up an estimated 3 billion phone calls every day and collect Internet data from U.S. providers with an

Apple is alone in e-books pricing lawsuit; Publishers agreed to settlement

It appears as if some serious problem is going to be created for Apple as it’s trial on ebook price fixing charges is filed by the U.S. government begins on Monday in New York. Apple will have to alone deal with the charges put across by the U.S. Department of Justice in a non-jury trial.