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China is building its second aircraft carrier amid maritime tensions

China defense ministry confirmed that its building a second aircraft carrier. The new carrier was designed in China and is being constructed in the port of Dalian.

Jan 01, 2016 5:48 AM EST

News

Apple May Face Tax Evasion Charges Again in the US After Italy

Apple Inc. is believed to tatter while confronting series of accusations for illegal tax dodging. Agreement for payment of unpaid tax liability in Italy establishes the event of tax dodging through amassing wealth in Ireland for its lower corporate tax rate. Now US tax authority’s claim for intended fund holding in a bid to evade tax may get huge momentum.

AT&T to end two-year contracts on January 8th

AT&T is ending two year contract on January 8th under which consumers purchased or upgraded smartphones under subsidized agreement. Now costumers can purchase either through company's next installation or bying devices directly.

Game of Thrones is the most pirated TV show of 2015

Game of thrones, the TV series aired on HBO was most pirated TV show of 2015. The season 5 finale was downloaded an estimated 14.4 million times on Bit-Torrent. The HBO TV series has been most pirated on Internet since the last four years.

New concept of McDonald’s opens in Hong Kong

McDonald's has opened a new dining concept called McDonald's Next. Located in Hong Kong, McDonald's Next offers new futuristic design with new features for the unique dining experience.

Dec 31, 2015 6:57 AM EST

International Robotics Show Witnesses World’s First Sensitive Robot Chef

Moley Robotics has attained the honor to represent world’s first sensitive robot chef, well versed not only in cooking but also in cleaning the utensils. The commercial version of the prototype will be available in the market in 2017. After unveiling the kitchen prototype in International Robotics Show, the robotics pioneer has been approached by major players in the restaurant industry, airlines, kitchen developers and even chef training schools.

Dec 31, 2015 6:54 AM EST

Volkswagen Tweets about its Electric Concept Car BUDD.e

Volkswagen unveiled the name of its most awaited electric vechicle on a twitter image. The name shows on the right of the car's tailgate, which spells BUDD.e. Volkswagen wants to improve its image though this car after the diesel emissions cheating scandal.

Dec 31, 2015 6:22 AM EST

Facebook will face shareholder class action regarding its 2012 IPO

Manhattan district judge ruled that Facebook Inc. must face group claims by investors. The case is regarding the company previous statement that misled investors about its financial condition in the run-up to its May 2012 initial public offering.

Dec 31, 2015 6:06 AM EST

Sweden is the first country to become cashless society

Banknotes will soon be eliminated and Sweden will be the first country to become a cashless society. Although, a lot of the country's banks no more accept or dispense cash, this move toward a digital economy seems not advisable since there are risks included using apps and cards as a mode of payment

Dec 31, 2015 5:45 AM EST

‘Microsoft Selfie’: Smart Photo App For Intelligent Quality Enhancements

After leveraging the popularity through release of Outlook and other free apps, Microsoft has appeared again in the screen with an intelligent photo quality improver, the Microsoft Selfie. It uses algorithms to improve photo quality, capable of reducing noises and provide the same look and quality across rear and front camera lenses. Available in the iTunes, the app is believed to be displayed in the home screen of the iPhone and Android devices,during the past two years.

Dec 31, 2015 3:32 AM EST

Malware found on Hyatt's payment - processing system

The Hyatt Hotels has detected malware on its system computers and has requested its costumers to check their their accounts. There are possibilities that hackers may have obtained sensitive information from the their systems. The company has taken taken essential counteract measures.

Dec 31, 2015 3:21 AM EST

Toshiba Restructuring is Backed By Public Fund

Japanese government prepared a state-backed fund to help Toshiba restructure its business. Japanese electronic giant Toshiba will have to restructure after a massive loss.

Dec 31, 2015 1:05 AM EST

91% of patients who survive opioid overdose are prescribed more opioids

Boston Medical Center study of chronic pain treatment revealed that 91% of people, who survived opioid overdose continued to receive prescription of the same drug afterwards. In 2013, 16,235 people died due to opioid overdose. LaRochelle believed that doctors are practicing "in a good faith effort", but the tools they use does not identify high-risk patients.

Dec 31, 2015 12:59 AM EST

Actor Baron Cohen and wife give $1m for Syrian refugees

Around four millions of Syrians have fled to their neighboring countries to escape the civil war and have been receiving funds globally. Comedian Sacha Baron Cohen and his actress wife, Isla Fisher also have donated around $1millions. Around 1,400 of the charity's volunteers are working to assist the victims of the civil war.

Dec 31, 2015 12:54 AM EST

Toys R Us Closed Its Manhattan Flagship Store

Toys R Us closed its Times Square flagship store on Wednesday. The company is looking for a location for new store in Manhattan area.

Dec 31, 2015 12:49 AM EST

Julius Baer reaches agreement over U.S. tax cases with $200 million extra provisions

The Swiss bank Julius Baer has reached an agreement with the U.S. officials to set aside $200 million of additional provisions to settle tax evasion issue. The U.S. officials investigate the Swiss bank whether it helped American clients evade taxes.

Dec 31, 2015 12:28 AM EST