US Stock Market gains minimal improvement due to slow pre-holiday trading

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Santa clause ralliesMany Wall Street traders rallying for the year-end boost may be disappointed as stocks inch for a modest increase last Friday. The increase has hardly made a scene in the market, far from what traders call ”Santa Claus rallies”. The gains were mostly from the health company sector.

Primary U.S. indexes show that while many retailers continue to incur small losses, pharmaceutical and health care companies continue to thrive this upcoming holiday season. Energy companies have started incurring their weekly losses since November. Although, the DJIA (Dow Jones Industrial Average) has increased for the past seven consecutive weeks.

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In London, opened the world’s largest Lego store

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LegoThe new store in Leicester Square, visitors can see a copy of the six-meter Big Ben, made of 200 thousand pieces of Lego.

Danish toy manufacturer Lego has opened the world’s largest designers shop in London. As the company says, it’s 131 th retail store Lego brand in the world. The new two-story shop in Leicester Square, visitors can see a copy of the six-meter tower of Big Ben, made of 200 thousand. The Lego pieces, with operating hours and backlight.

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MasterCard will come to Iran

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MasterCardMasterCard International payment system will start working in Iran since 23 August. This was reported by a local television channel Press TV with reference to the statement by the Minister of Communications of the Islamic Republic Mahmoud Vaezi.

According Vaezi, MasterCard debit and credit cards will be introduced into circulation Iran Post postal service that has signed an agreement with the payment system. The minister also stressed that the people of Iran will be able to carry out payment transactions when traveling abroad, purchase of foreign publications and articles to attend international conferences.

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Philippines trying to become hub of cartoon world

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cartoonThe Philippines is becoming a force in outsourcing for game developers and animation studios. A bevy of Philippine outsourcing companies is thriving by serving global giants in the game and animation industries.

One such company is Synergy 88 Group, which is working with Microsoft on game development. Animations specialist Toon City is helping Walt Disney produce new movies. These companies and others are getting contracts with industry leaders by tapping the Philippines’ low-cost, English-speaking workforce.

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Volkswagen profit tumbles 20 percents in wake of emissions scandal

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VolkswagenVolkswagen profit has tumbled 20% in the first three months of 2016 as it continues to grapple with fallout from the diesel emissions scandal. Pre-tax profit fell to €3.2bn (£2.4bn) in the first quarter, down from €3.97bn in the same period a year ago.

Chief executive Matthias Mueller said he was “satisfied” with the start of “what will undoubtedly be a demanding” 2016.

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