Sweden will become the world cashless society

Sweden could be set to become the world’s first cashless society over the next few years. At this time they use less physical money than any other country. Between 2009 and 2014 the total value of the banknotes and coins in circulation in Sweden dropped from 11.3 billion euros to 8.5 billion euros according to Swedish Central Bank data. Specialists expect the cash to be eliminated in a decade or even earlier. The public reaction is to sustain a such measure in majority.

Standard & Poor agency accused of misleading investors in 2011 and 2012

The U.S. Justice Department sued the credit-rating agency Standard & Poor , a unit of McGraw Hill Financial Inc., in February 2013, claiming more than $5 billion in losses from S&P-rated securities during the 2007-2009 financial crisis. Finally, the agency, being accused of misleading investors about its rating system in 2011 and 2012, will pay now $77 million settlement with U.S. and state regulators.

Businesses Moving to the UAE

In this day and age, the businesses that grow the largest are the ones that take advantage of overseas opportunities. We are living in a global economy, and being able to connect with people all over the globe, while managing costs and providing quality service and products is the key to success.

Yahoo is acquiring BrightRoll for $640 million in cash

Yahoo announced decision to acquire video ad company San Francisco-based BrightRoll for $640 million in cash. This is Yahoo’s second biggest acquisition, after the $1 billion Tumblr deal. Yahoo CEO Marissa Mayer appreciated in a blog post that the acquisition will make Yahoo’s video ad platform “the largest in the U.S.”