Latte Macchiato, combination of espresso and milk, is going to be served by Starbucks, the Seattle based Café Chain. The popular Australian drink is being introduced to the Americans by Angus Maxwell, certified barista serving the coffee chain. The new beverage joins the Starbucks menu and is believed to be a stepping stone between a cappuccino or flat white and an Americano among those desiring to change the taste bud.

Jan 04, 2016 10:55 PM EST

After Vietnam, Philippines, a close US ally, has described China’s efforts as acts against its sovereignty. All the three neighboring countries contend for the ownership of the probably oil/ gas enriched Spratly Islands. Not only the hidden mineral resources but also the geographic location of the islands, has led the neighboring countries to dominate one of the busiest naval routes.

Jan 04, 2016 10:23 PM EST

Oil price is rising amidst tension between Saudi Arabia and Iran. The oil price started the first day of trading in 2016 at the price of $38 a barrel before reduced to $37 in the afternoon trading.

Jan 04, 2016 10:21 PM EST

Researcher in Taiwan invented a way to fly a drone using body movement. It utilized the motion sensor in AppleWatch to control and pilot a drone.

Jan 04, 2016 04:39 AM EST

Sydney home prices fell for the second-consecutive month. The market also recorded its worst quarter in four years as a regulatory crackdown pushed up mortgage rates causing weak demand in the housing sector.

Jan 04, 2016 06:09 AM EST

Asian ship building industries will face a bleak year in 2016 due to low oil price. As a result, shipyards receive less orders for offshore rigs project. Korean, Singaporean, Chinese and Japanese as the main shipyard owners in Asia are preparing necessary measures to manage the crisis.

Jan 04, 2016 05:32 AM EST

Mark Zuckerberg, the Facebook founder is also familiar for revealing his annual goal and eventual consecutive relevant successes. Getting inspired with the digital butler Jarvis, featured in Iron Man’, he plans to build a robot with artificial intelligence to assist in household works. Birth of a baby daughter and insecurity obsessions there to, may have possibly led him to adopt the goal.

Jan 04, 2016 04:06 AM EST

Yen started 2016 with a two-month high in trading, while Saudi and Iran cuts diplomatic ties.

Jan 04, 2016 04:44 AM EST

McDonald’s Florida chapter has shut down operations of the foods and entertainment chain on Wednesday. But closure has not turned an end to larger McDonald’s era, but appears to reborn with ‘the ever largest’ title. The largest burger corner is all set to start journey from early February in its renovated state of the art establishment measuring 19,000 square feet, some 7,000 square feet larger than the existing ‘French Fries Box’ structure.

Jan 02, 2016 07:48 PM EST

Ending the one-child regime, the Chinese government has decided to allow married couples to have two children. The new law is effective from 1 January 2016 and China will have three million extra babies every year for next five years owing to new law. It'll take the labor force up by 30 million by 2050.

Jan 01, 2016 08:39 PM EST

The world's sixth largest exporter South Korea suffered drop in exports throughout 2015. The exports fell 13.8 percent in December 2015 against the forecast of 11.7 percent. South Korea's trade surplus eased down to $7.2 billion in December 2015 from $10.32 billion from the previous month.

Jan 01, 2016 08:37 PM EST

The lower oil prices are impacting the property market in shale hubs in North Dakota. The $125 million securitized loans backed by real estate are facing trouble-some situation. The rating agency Morningstar Credit Ratings LLC has estimated that a third of $340-million commercial mortgage-backed securities are facing threat as they're related to the shale hubs in North Dakota.

Jan 01, 2016 08:35 PM EST