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SpiceJet to raise 50 billion rupees, add 150 more planes

India’s second-largest low fare airline SpiceJet Ltd plans to raise 50 billion rupees ($750 million) in loans as it aims to expand and add more than 150 planes.

Dec 06, 2015 4:23 AM EST


Robots to do half of the jobs in Japan by 2035

According to data analysts Nomura Research Institute (NRI), 49 percent of the jobs in Japan will be automated and replaced by robots by 2035.

Dec 06, 2015 4:16 AM EST


US FDA approves India’s Sun Pharma for Novartis' Gleevec generic creation

Sun Pharmaceutical Industries Ltd announced Friday that it got the approval of the U.S. FDA to manufacture its generic version of Novartis AG’s chronic myeloid leukemia treatment Gleevec.

Dec 06, 2015 4:11 AM EST


Car buyers opt for lease deals, longer-term loans

More and more car buyers opt for lease deals and longer-term loans to keep monthly payments low. As car prices go up, vehicle loans are pricier than ever.

Dec 06, 2015 4:06 AM EST


China denies Cyber-attack allegations on Australia’s Bureau of Meteorology

China denied any involvement to the Australian Bureau of Meteorology cyber-attack, after the Australian Broadcasting Corporation reported Wednesday about the hack.

Dec 06, 2015 3:57 AM EST


AB InBev to sell Peroni and Grolsch for a seamless SABMiller takeover

Anheuser-Busch InBev considers selling premium brands Peroni and Grolsch to meet the regulatory requirements on its $107 billion acquisition on SABMiller.

Dec 06, 2015 3:57 AM EST


AngloGold Ashanti Ltd. to exit the index of Johannesburg Stock Exchanges

The South African gold producer, AngloGold Ashanti Ltd. will exit the Johannesburg Stock Exchange’s Top 40 Index.

Dec 06, 2015 3:55 AM EST


Pentagon misused $150 million dollars to try to revive Afghanistan’s economy

The Special Inspector General for Afghanistan Reconstruction set out by the Congress alleged the Task Force Business Stability Operations for misusing $150 million to revive Afghanistan’s economy.

Dec 06, 2015 3:54 AM EST


OPEC overwhelmed by COP21, Oil Supply, Emerging Market growth decline

The biggest problem that OPEC has to face is the threat of COP21’s hydrocarbon assets, the structural trends in oil supply, and the Chinese economic slowdown, which seem to have also slowed emerging markets’ growth.

Dec 06, 2015 3:51 AM EST


Stocks drop, oil sinks below $40 a barrel

U.S. stocks went down as oil prices sank below $40 a barrel, leading to a decline on the energy companies.

Dec 06, 2015 3:48 AM EST


Sony Acquired Toshiba Image Sensor Business for $155 Million

Sony has officially announced the purchase of Toshiba image sensor business for ¥19 billion ($155 million). The image sensor will operate under new company.

Dec 05, 2015 9:08 AM EST


Rivals Join Forces Creating Global Service to Take Down Uber

Four Uber rivals join forces to create a global service of unified ride hailing service. The service will be available next year.

Dec 05, 2015 8:53 AM EST