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Researchers are developing robotic hand-worn to help the blind to “see”

Researchers at the University of Nevada and the University of Arkansas team up to develop a robotic glove-like device that can help the blind to recognize the objects around them. The researchers team received $820,000 of NRI grant to develop this technology.

Dec 21, 2015 6:00 AM EST

The UCCS professor invented sleep hat to fight insomnia

A professor at the University of Colorado invented a hat that can fight insomnia. The hat, called Sleep Shepherd, works by slowing brain activity naturally with a pulsating tone that can induce sleep.

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Ebola survivors may suffer various illnesses after they recovered from the virus

The recent study performed by the CDC researchers found that people who survived from Ebola virus have experienced various illnesses after they have recovered, including hair loss, joint pain, and eye problems.

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Tesla CEO Musk suggests California to push Volkswagen to electric cars

The automobile industry leaders and experts have written a letter to California regulator asking it to confine Volkswagen to making of electric vehicles only as a punishment for cheating the customers and violating the US emissions laws. Tesla CEO Elon Musk and others signed the letter. They opine that fixing the software involves lots of money and could also lead to technical problems further.

Aussie billionaire James Packer quits board amid drop in gambling revenues in Macau

James Packer, an Australian billionaire, has left the board of Crown Resorts Ltd as Chairman. Crown Resorts is suffering from a drop in gambling revenues in Macau. Packer will continue as co-Chairman of Crown Resorts. Packer has decided to focus on development projects in the US and Australia.

Dec 21, 2015 3:51 AM EST

US gasoline slips below $2; at 6-year low

The US gasoline average retail price slips below $2 per gallon as oversupply position in the global energy sector continued. The gasoline price at $1.999 per gallon is indicating its lowest in over six years. The US economy is witnessing a rare combination of falling price and rising demand. The recent decision by Opec not to reduce production level is keeping more pressure on global oil price.

Dec 21, 2015 3:47 AM EST

Mars Recalled Dove Chocolate Over Allergy Concern

Mars issued allergy alert for its Dove Chocolate Assortment Snowflake on December 18, due to undeclared peanuts, wheat and egg ingredient.

Dec 21, 2015 2:46 AM EST

Packer is in discussion to take Crown's assets private

James Packer’s Consolidated Press Holdings is in speculation that it was going to team up with private equity and take parts of Crown Resorts private. The circulated news cause its share price to soar higher and was query by the Australian Stock Exchange.

Dec 21, 2015 1:25 AM EST

London house prices to double by 2025, rents to go 27% higher

The average home price in London is set to double by 2025, while it's 50% surge in the UK, according to a latest study. The rise in housing prices is impacting consumer spending. The number of property millionaires is rising encouragingly since January. However, the new tax regime has slowed down the rate of growth in Scotland.

Dec 20, 2015 10:08 PM EST

Secret Santas pay $484,000 for Walmart layaway shoppers in three states

Mistery Santas gave Christmas gifts to Walmart's shoppers in three states by paying off their layaway orders. The total amount of anonymous donations reached $484,000.

Dec 20, 2015 9:51 PM EST

Is the Fed hike the silver bullet that can bring economic prosperity back?

The US Federal Reserve has increased the interest rate by quarter percentage. Will it bring back the economy to normal, asked the economists. Purely linking interest rate hike, inflation and oil price drop doesn't serve the purpose., caution economists. There's also associated risks for emerging markets as well, caution economists.

Dec 20, 2015 9:31 PM EST

Fiat Chrysler buys emission credits from rival auto majors

Fiat Chrysler Automobiles NV has purchased 5.5 million emission credits from Toyota and Honda. Another one million credits from Tesla. Fiat Chrysler ended 2014 with a credit balance and without this purchase also, it would have been emission compliant, according to a report from the Environmental Protection Agency. Fiat Chrysler ranks last in fuel efficiency when compared with rival auto majors.

Dec 20, 2015 9:23 PM EST

Apple Pay announced to launch In China In early 2016

Apple and China's Union Pay has signed a partnership and hopes to bring Apple Pay in China next year. The service will enable the users to have an easy, secure and private way of payment. Apple Pay will also be launched in Spain, Singapore, and Hong Kong other than in China.

Dec 20, 2015 4:50 PM EST