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                                  CHINA: THE GREAT STOCK MARKET CRASH As if the Greek crisis was not enough to rattle the financial markets. Volatile Wednesday saw the Shanghai Composite Index tumble 3% on opening and then recover what it had lost in a couple of hours before crashing again by as much as 8%. The Shanghai Index has shed a scary 32% from its June 12 high wiping out $3 trillion of investors' wealth. The tech-heavy Shenzen Index which is likened to the US's Nasdaq lost a mind-boggling 40% in the same period. More than 50% of China's traded companies on the stock exchanges halted trading activities as shares witnessed wild see-saw movements on the bourses. The Chinese Government is on a war-footing to avert a further collapse and somehow shore up share prices.The Government-run China's Securities Finance Corporation (CSF) has pledged to lend billions to major brokerage houses to buy m...

                                              JURASSIC WORLD ROARS IN CHINA Jurassic World has so far raked in $1.388 billion worldwide careening it among the top 5 grossing movies of all time alongside names like Avataar and Titanic.  In China alone it has crossed the $200 million mark making it the highest-grossing market country- wise outside the United States. The monster hit grossed nearly $38 million in the week June 22 -  28 and took its cumulative collection figures to $202 million after 19 days of screening there.  But figures for the July opening week showed a drop of 60% thanks to a local release titled  "Monk Comes Down The Mountain" that opened to a very strong $37.5 million collection during the  same period. But despite such hiccups JW's Chinese collection managed to reach a mind-boggling $225  million as per latest est...

                            Zarina Diyas: The Kazakh tennis queen From 352nd in 2012 and 264th a year and a half ago to 32nd currently. 21-year old Zarina Diyas  has come a long way. In a country where the fairer sex are not at all involved with the sport, Kazakhstan-born Diyas has made a mark for herself in the world of tennis. She gave Maria Sharapova a run for her money in the 4th round at Wimbledon with her blistering ground strokes and incredible court coverage before going down fighting 4-6, 4-6 to the World No.4.The Kazakh girl under the tutelage of Chinese Olympic team coach,Alan Ma,has shown an amazing penchant for flat ground strokes and hitting on the rise, qualities that came to the fore when she disposed off Andrea Petkovic of Germany (ranked 14th currently) in the 3rd round of the Wimbledon. While representing her country Kazakhstan in the Federation Cup, she has won 5 of the 7 matches ...

Greek crisis: EU's ultimatum to Greece to come up with "credible proposals". Germany and France have called upon Greece to make in-depth proposals to inject life into the failing bailout talks,days after Greek voters decisively rejected the creditors' demands for more austerity,This has plunged Europe into further crisis. French President Francois Hollande after talks in Paris with German Chancellor Angela Merkel said that the door is open to discussion and that the ball is in Alexis Tsipras's court to come up with seriously credible proposals that last.The authorities have extended bank closure until  Thursday  fearing further runs on savings by depositors that have rendered cash machines dry. The Greek lenders have been kept afloat by the European Central Bank with a help of a slender financial lifeline to Greek banks.Greek Prime Minister Tsipras has dashed off to Brussels to present his proposals to a hastily-called emergency summit of 19 Eurozone cou...

Nigerian blasts: 44 killed in mosque and restaurant attack in city of Jos. A restaurant and a mosque that were the targets of a terrorist attack left 44 people dead in the central Nigerian city of Jos. Explosives planted in the restaurant accounted for 23 lives while a suicide bomber inside the mosque premises added to 21 more.The blasts takes the total number of dead in Nigeria in the past couple of days to 200. The blast at Jos came on the heels of the breaking of the Ramadan fast and when crowds were at their most. Sources say that the main  target of the attack was the imam of mosque, Sheikh Yahya Muhammad Sani Jingir, who fortunately survived the blast. Jinjir has been a target of the Boko Haram for quite some time for his strong views against the terror group's activities. He has even written a book which criticizes the ideology of the group. Boko Haram means "Western education is forbidden".Meanwhile the Nigerian army is reported to have released 1...

                                      TAYLOR'S SWIFT RESPONSE TO APPLE MUSIC Apple Music bowed down to Taylor Swift after she took the software giant to book for not paying artists during the three-month streaming trial period to subscribers. "This is not about me," Swift wrote. "Thankfully I am on my fifth album and can support myself, my band, crew and entire management team by playing live shows. This is about the new artist or band that has just released their first single and will not be paid for its success". She has withheld the streaming of her new album 1989 from Apple Music branding the company's free trial as "shocking". With a twitter following running into 59 million, Apple just could not ignore the extremely popular musician. They just relented and immediately agreed to pay artists for streaming their music during trial periods. She had also taken taken Spotify to task ...