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Yahoo co-founder joins Didi Kuaidi

Didi Kuadi, largest car hailing app in China, has appointed Yahoo co-founder Jerry Yang as a senior advisor and board observer to the ride-hailing app firm as it battles Uber technologies for market share in China. In a statement, the company said Yang’s experience will help it build its mobile platform, which is already used by 250 million people in China. Both companies have stepped up their plans to expand in China recently, signaling tougher competition in the years ahead.

Dec 09, 2015 4:04 AM EST


Australia's Huge $1.1 billion Innovation Fund to Help Startups and STEM

Australia’s Prime Minister Malcolm Turnbull, who has positioned himself as a leader in the innovation, has announced a huge investment of $1.1 billion innovation fund to help startups and STEM.

Dec 09, 2015 3:59 AM EST


Chronicle Survey: Salaries of Private College Presidents Continue to Rise

A chronicle survey conducted in 32 private-college presidents revealed that the maximum pay reached the level of $1 million in 2013. In 2013 the private college presidents' median total payment reached as high as $436,429. First two positions were assigned to Lee Bollinger, of Columbia University, and Amy Gutmann, of the University of Pennsylvania.

Dec 09, 2015 3:06 AM EST


Bewildered Police found Thousands of Euros Floating in Danube River

A mystified case happened in Vienna, Austria when some bystanders reported to the police about a boy jumping into the river Danube. Police were baffled to find out that the boy was actually trying to save more than 100,000 euro banknotes floating in the river water.

Dec 09, 2015 1:00 AM EST


IBM is unveiling its Object Storage Service through Bluemix Cloud

IBM is trying to hit the cloud service market by launching Bluemix object storage services. Would IBM make it through by outshining market biggies like Google, Amazon and Microsoft? Besides spreading its cloud service market in international level, IBM has also joined startup helping venture with NASSCOM.

Dec 08, 2015 10:04 PM EST


Newell Rubbermaid and Jarden’s Plan to Merge Can Lead to Growth

Newell Rubbermaid and Jarden Corp. are in talks to combine their businesses. WSJ first reported this speculative news by an anonymous source. Soon after this news, the stock and share market of these companies reached sky-high.

Dec 08, 2015 9:53 PM EST


Hyundai, Kia to Enter Autonomous Car Market By 2030

Hyundai and its subsidiary Kia are now producing semi-autonomous cars that will eventually become autonomous cars by 2030.

Dec 08, 2015 10:16 AM EST


Biannual International Robot Exhibition Updates: Robots taking over humans?

At the Biannual International Robot Exhibition in Tokyo, there were 450 companies that introduced various kind of robots for different kinds of purposes. There were a few that will be able to help in areas where humans can not go.

Dec 08, 2015 10:07 AM EST


AT&T's GigaPower Gigabit-Speed Fiber Service to be Introduced to 38 Cities

AT&T is expanding its GigaPower service, a gigabit-speed fiber service, to 38 more cities in the nation.

Dec 08, 2015 9:53 AM EST


C-17 Globemaster and C-130J Super Hercules: Heroic Machines in Chennai Floods

The devastating flooding in Chennai, India has called for the help of two military aircraft, the C-17 Globemaster and C-130J Super Hercules. They have given major assistance to the relief efforts.

Dec 08, 2015 9:42 AM EST


Beijing's Smog Pollution Problem Hits Its First 'Red Alert'

Beijing's smog levels have reached its first red alert, forcing citizens to stay indoors. Already well known for its dangerous levels of pollution, Beijing has reached a new level of smog.

Dec 08, 2015 9:37 AM EST


Japan's Womenomics Goals Downgraded

Japan's gender equality bureau has downgraded their goal of women in senior positions form 30% to 7%.

Dec 08, 2015 9:27 AM EST