Norway planning ‘Tesla Tax’ on Electric Cars

Norway is planning to add additional tax burden on consumers planning to buy electric cars.

German government raises GDP growth prediction to 2 percent

German government has raised the growth outlook for 2017 to two percent from earlier estimate of 1.5 percent.

IMF raises forecast for World Economy

The International Monetary Fund (IMF) has raised growth outlook for global economy considering stronger growth and signs of recovery in many key markets.

Eli Lilly Cancer Drug fails during clinical trial

Eli Lilly and Co has reported failure of its experimental lung cancer drug for late-stage trial.