• News Desk

BUSINESS NEWS MARCH 26TH, 2016


EUROPEAN SPACE AGENCY WANTS PERMANENT LUNAR BASE

With a rover on Mars, several moon expeditions already under our belt, and an International Space Station, the next logical step for humanity’s quest into space is a base on the moon. At least, that’s what Johann Dietrich-Woerner, head of the European Space Agency, says. Woerner argues that a “moon village” would serve “science, business, tourism and even mining purposes”. He added that the base would eventually replace the International Space Station as the hub for international space activity.

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STOCKS COULD JUMP FOLLOWING MARCH REPORTS

The March United States employment report, along with some other figures showed that the economic slowdown experienced in the fourth quarter has not been as severe as feared. Most indexes are above their yearly lows, the result of rebounding oil prices and a growing economy. Despite the fact that the stock market is not as volatile as it was at the beginning of the year, investors remain cautious. The data further showed that while the GDP continues to grow, corporate profits fell nearly $160 billion in the fourth quarter.

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BUSINESS LEADERS BACK BRITAIN TO LEAVE EU

Britain’s exit campaign from the European Union has the support of 250 business leaders, according to a statement from the Vote Leave group on Saturday. On June 23rd, a referendum on British membership in the European Union will be held and the two sides are putting forth their arguments. In the against camp, which consists of nearly a third of British big businesses, the bosses say that an exit from the EU would result in massive job loss and a major drop in investment. However, on the other side, the Vote Leave group says that the EU is a major factor in the destruction of small businesses.

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