Business News

Dubai Expo Moved to October 2021

Dubai Expo Moved to October 2021

Dubai Expo event has been moved to October 2021 due to uncertainty caused by COVID-19 pandemic. Majority of events planned for year 2020 have been cancelled or postponed.

Natuzzi Italia wins the Red Dot Award for Organic Design Concept for 2019

Natuzzi Italia wins the Red Dot Award for Organic Design Concept for 2019

The Ergo collection, designed by Ross Lovegrove for Natuzzi Italia, won the prestigious Red Dot Award 2019 as a recognition for its organic design inspired by the forms of nature and the use of renewable and recyclable materials.

Virgin Galactic Gets Spaceship License from U.S Authorities

Virgin Galactic, the spaceflight company within the Virgin Group, made a big leap in the race of getting tourists to space.

U.S. authorities have granted the space tourism company owned by billionaire entrepreneur Richard Branson a license by to resume testing of its rocket plane after its fatal crash in 2014.

The operator license for SpaceShipTwo granted by the Federal Aviation Administration's Office of Commercial Space Transportation will allow Virgin Galactic to start the basic groundwork for regular trips to space.

Sturm, Ruger & Co. Inc Report Profits for Q2

Southport, Connecticut based Sturm, Ruger & Co. Inc reported thirty four percent increase in its second-quarter profit to $23.5 million. The gain is mainly attributed to a surge in demand for firearms, mostly for the company's new products.

Ruger also reported a jump of 19.4 percent in firearms sales to $166.3 million.

The company said on Tuesday, Michael Fifer, and its CEO of ten years plans to retire on May 9. Fifer will continue as vice chairman.

Even with Relaxed California Drought Rules Residents Continue Conserving Water

It was two months ago that Governor Jerry Brown's administration decided to relax drought rule in California but a new set of data show that careful Californians still continue saving significant amounts of water.

 Data released on Tuesday by the State Water Resources Control Board showed that all over the California, urban residents trimmed their water use 21.5 percent in June when compared to the same period in 2013. In May this year, the residents saved 28.1 percent water by cutting down their usage.

Florida Sales Tax Holiday Weekend Starts Friday, August 5

Coming Friday, August 5, sales tax holiday kicks off in Florida and will end on August 7. However, this year many items did not make it to the tax exemption list and many failed to get an attractive discount.

The tax holidays are mainly in honor of the new school year when many families find it a burden to get new school supplies.  Initially there were discussions regarding doing away with the tax holiday this year but somehow, it survived through budget cuts.