Marketplace Morning Report for Tuesday, October 29, 2013
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British Prime Minister David Cameron will announce an official, government bond on Tuesday that's approved under Islamic finance rules. What's called "Sharia-Compliant Finance" is rich in the vein of capitalism and involves certain filters, such as not investing in companies that gamble or sell alcohol. But it's also about not charging interest, prohibited under Islamic law. Connecting the continents of Asia and Europe across the Bosporus River via rail has been a dream of Turkish leaders for a 150 years. Today the fantasy becomes reality. Turkey is opening an underground rail line that will connect the two sides of Istanbul. And, have you seen signs for "dental spas" cropping up in your area and wondered, "What the heck is that?" It's what it sounds like -- think cucumber-scented eye pillows and a massaging dental chair. But can you make a dreaded appointment with a dentist into a treat?
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Posted In: Immigration, H-1B visas, work visas
Infosys allegedly used the wrong type of visa to bring thousands workers into the country.
Outsourcing giant Infosys faces a record immigration fine over worker visas. Southern Airways Express flies small planes out of small airports, a no-hassle alternative to driving a few hundred miles. And, cocoa prices are near record highs, as farmers who have switched to more lucrative crops have driven down supply.
Posted In: Islam, United Kingdom (U.K.)
The new bonds, backed by the British government, are compliant with Islamic law.
Posted In: commodities, chocolate, cocoa
Cocoa prices are near record highs, as farmers who have switched to more lucrative crops have driven down supply.
Posted In: tunnels, turkey, underwater transit
Today, Turkey opens the world's first trans-continental tunnel, linking Istanbul's European side to its Asian side by cutting across the Bosporus Strait.
Posted In: apple, iPhone, quarterly report
A look at Apple's quarterly earnings.
Posted In: Twitter, apple
It might be an understatement to say that investors are pumped up about social networks and other tech companies.
October was Cyber Security Awareness Month, and what an October it's been for cyber security.
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