In September, the government of Puerto Rico released its five-year plan that would work to reduce the huge debt of the island and revive the economy. But, that plan seems to be too optimistic and on Monday, top economic officials of Puerto Rico said they had been too confident about the plan and is revising the plan to face the worse.
In the recent past years China has been the growth engine for the global economy. But the cooling in economic activities noted of late has brought in worries that conditions in the second-largest economy of the world may be deteriorating fast.
Worries are mounting as the oil prices were once again pulled down on Monday to below $28 a barrel in anticipation that lifting of sanctions against Iran will flood the oil market that's already facing a glut.
In a new revelation, the study that claimed diet versions of soft drinks are better than water for weight loss, was actually funded by an industry body that included Coca-Cola and Pepsi. The study was led by Peter Rogers, professor of biological psychology at Bristol University and was published in the International Journal of Obesity.
Has the virtual currency bitcoin reached a crossroad where it's still uncertain whether it will succeed or turn out to be a complete failure?
One of the leading bitcoin developer Mike Hearn last week labeled the bitcoin as a failed currency and said he was selling off all his bitcoins and moving away from the currency altogether.
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