Apr 222016
 
China overtakes US as world’s largest business travel market

China’s business travel market has overtaken the United States to become the largest in the world, the Global Business Travel Association (GBTA) has revealed. According to the latest GBTA BTI Outlook for China, the Asian country edged ahead the US in terms of total business travel spending at the end of 2015, by US$1 billion. China’s business travel sector was worth US$291.2bn in 2015, compared with US$290.2bn in the US, but this gap is likely to continuing growing, with China’s business travel spending forecast to […]

Apr 222016
 
China to be largest video-game market in the world soon

China is expected to be the largest games market in the world, ahead of the US, whose anticipated market size is US$23.5 billion. Gamers worldwide are expected to generate a total of US$99.6 billion in revenue for the video games industry this year, an 8.5 per cent increase from 2015, with China accounting for a quarter of that income. That means the country has more than 314 million active mobile gamers, who are generating around US$5 billion worth of revenue for this specific market. Contributed […]

Apr 122016
 
Singapore becomes world’s third top financial centre: Survey

Singapore edged past Hong Kong to become the world’s third top financial centre, according to a survey by London-based research firm Z/Yen Group released last Wednesday. Singapore ranks behind London and New York, and two points ahead of Hong Kong on the Global Financial Centres Index. Tokyo came in fifth. Singapore’s two-point lead, is fairly insignificant, according to the report. It came in fourth in the previous survey in September last year, behind Hong Kong. Contributed By Sonia Narula

Apr 092016
 
Italy becomes World’s Largest Wine Producer

The International Organisation said that Italy produced 49 million hectares last year with France following with 47 million. France regained the top spot from Italy in 2014 after it had last held it in 2011, Italy was the largest producer in both 2012 and 2013. After a dry and sunny 2015, the harvest was smaller than in 2014, but the quality of the grapes was high. Global wine consumption has risen 6% since 2000, with the Chinese expected to become the world’s leading consumers by […]

Dec 282015
 
India to become the world's third largest economy after 2030, Britain 4th: Study

India could become the world’s third largest economy after 2030 and its ascension could see France and Italy kicked out of the exclusive G8 group or its membership increased to 10 to accommodate India and Brazil, according to a new study. According to a report, China will overtake the US as the largest economy in the world in 2029 with the US slipping to second place and India close behind at third. Contributed By Sonia Narula

Nov 262015
 
Saudi Arabia becomes world's largest oil producer

Saudi Arabia topped the list of oil producers in the world during the first nine months of this year with production at 10.19 million barrels per day, for the first time since 2003. Saudi Arabia-based Al Eqtisadiah reports that the Kingdom’s daily production of crude oil during the first nine months of this year is the highest in its history, followed by 2012 when it reached an average daily of 9.8m barrels. Contributed By Sonia Narula

Oct 282015
 
Toyota regains its status as the world’s largest automaker

Toyota has regained its status as the world’s largest automaker after temporarily losing it last quarter to Volkswagen. The Japanese automaker reported 7.49 million sales worldwide through September, compared with 7.43 million sales for beleaguered Volkswagen, according to Bloomberg. Meanwhile, General Motors claimed third place with 7.15 million global sales. Contributed By Sonia Narula

Oct 162015
 
Pakistani people become 18th largest middle class worldwide: Report

Pakistan’s middle class consists of over 6.27 million people, according to Credit Suisse, a global financial services company. The study revealed that 14% of world adults constituted the middle class in 2015 and held 32% of world wealth. The share of middle-class adults in Pakistan’s total adult population of 111 million was 5.7% in 2015 as opposed to India’s 3% and Australia’s 66% in 2015. Contributed By Sonia Narula

Oct 142015
 
China's middle class overtakes US as largest in the world: Report

China’s middle class has overtaken the United States to become the largest in the world according to a comprehensive new report on the distribution of global wealth. Despite fears of a global growth slowdown in the emerging world, Asia is set to be the scene for the greatest expansion of the world’s middle class, said Credit Suisse, in its annual wealth report. China now accounts for a fifth of the world population, while holding nearly 10pc of the global wealth. Contributed By Sonia Narula

Oct 092015
 
Italy overtakes France to become the world’s largest wine producer

Italy has overtaken France to become the world’s largest wine producer this year, according to European Union data. The figures submitted to the European Commission in mid-September show total output approaching 50 million hectolitres. One reason for the rise in Italian output is simply that the 2014 harvest was particularly bad due to the weather. Despite this year’s overall good conditions some vineyards were forced to use emergency irrigation in the July heat. Contributed By Sonia Narula

Sep 032015
 
Lego officially becomes world’s largest toymaker, surpasses Mattel

Do you know those small, many-colored plastic blocks that when stepped on, cause immense pain? Well, those curse-inducing blocks have built quite the empire: Lego is now officially the world’s largest toymaker. The privately-owned Danish company announced a stellar profit in the first half of 2015, which increased 30% from the year ago period on sales that rose 22%, sitting at $2.13 billion from $1.75 billion. Lego also raised its outlook for the year. Lego’s impressive profit seems to be the result of smart business […]

Jun 202015
 
Top 9 World's Largest Dog Breeds

The range of size, shape, color, personality and purpose for which dogs are bred is jaw-dropping. Over centuries, different dogs in different geographic locations have been honed by humans to play certain roles, from hunter to guardian, from herder to companion. For some of these breeds, size has been a significant player in the search for perfection, whether that was to hunt bigger or faster game or guard a home with more intimidation, or even just to have the mass to survive in freezing locations. […]

May 292015
 
Cassius, the world’s largest and oldest crocodile, celebrates 112th birthday

Cassius, the world’s largest and oldest crocodile, celebrated his 112th birthday at his retirement home on idyllic Green Island, a Great Barrier Reef coral cay off the coast of Cairns, Australia. Recognised by Guinness World Records as the largest crocodile in captivity, and also thought to be the oldest, Cassius measures 5.48 metres (18ft) in length and weighs 1300kg. Contributed By Sonia Narula

May 282015
 
China to overtake US as world’s largest crude importer by 2017: Report

China is expected to become the world’s largest crude importer by 2017, beating the US, which is expected to cut its crude intake from abroad amid robust domestic oil and shale gas production, industry sources said. Demand for crude in China, meanwhile, is expected to outpace its domestic production, necessitating higher imports. In April, China’s daily average volume of crude imports hit a record high at 7.37m barrels, exceeding the volumes imported by the US for the first time, based on official data from the […]