Oil slump major risk for Malaysia debt
The debt-ridden 1Malaysia Development Bhd (1MDB) is in the process of selling assets to reduce its debt. Though it has already identified buyers for its asset sale, investors say the oil price slump is the major concern over the nation's financial situation. Oil revenues account for 22 percent of total Malaysian government revenues. The government is planning to impose higher taxes to compensate oil price drop.
Dec 11, 2015 10:18 AM EST
Morgan Stanley in $225 million deal with U.S. regulator
National Credit Union Administration (NCUA) filed lawsuits against banking lenders includng Morgan Stanley for allegedly selling faulty mortgage-backed securities. Morgan Stanley without admiting its fault, has agreed to pay $225 million to seele the claims. The total value of such claims recovered by NCUA reached to $2.43 billion since 2011.
Wal-Mart Marketing head Stephen Quinn to retire, says WSJ
The longtime Marketing Chief Officer of Wal-Mart Store’s Inc., Stephen Quinn, plans to step down by the end of January.
US imposes new sanction to North Korea: Strategic Rocket Force added to the list
Last Tuesday, the U.S. imposed new financial sanctions targeting North Korea's Strategic Rocket Force.
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Smartphones to become obsolete in 5 years, Artificial intelligence will take over
Swedish telecom expert, Ericsson, has claimed that artificial intelligence will soon become the mode of interaction and communication overpowering smartphone in the next 5 years.
Dec 11, 2015 9:44 AM EST
EU warns Thailand of airline safety enhancement
Thailand’s airlines have been spared a ban from European skies despite concerns over flight safety in the country. Last Thursday, EU regulators issued a special warning over travelling on Airlines from Thailand, but stopped short of following last week’s US damaging safety downgrade for a country heavily dependent on tourism.
Dec 11, 2015 9:34 AM EST
Beijing continues to suffer from pollution, but Delhi's air quality is 150% worse
While Beijing residents continue to struggle through a period of unusually high air pollution, similarly high smog levels are a fact of life for many in different parts of the world, where Beijing-style warning systems aren't in force. In the past week, during which Beijing's air pollution has been at its most severe, air quality has been 150% worse in Delhi, India's capital.
Dec 11, 2015 7:49 AM EST
November NPD: PlayStation 4 overtakes Xbox One and there's no stopping Call of Duty
November was a good month for next gen-consoles and also an important month for sales in the video game industry. American consumers spent $2.47 billion on new game softwares, hardwares, and accessories at physical retailers in the United States last month. That is up by 2 percent from 2014, when gamers spent $2.42 billion. Most of that growth came from hardwares, which saw an increase in revenue despite price cuts. PlayStation 4 emerged the victor, but it was a good month for all console hardware makers.
Dec 11, 2015 7:44 AM EST
The Internet is for humans, not robots
The really good robots just can't seem to keep up with the growing number of humans and bad robots on the web. Good robots are the helpers, they're designed to crawl the web for archiving purposes, to populate RSS feeds and search engines, and to help with other automated tasks that assist humans. Bad bots, by contrast, are the impersonators, data thieves, and other rogue agents.
Dec 11, 2015 7:34 AM EST
Tesla says Australian utility Origin to market solar battery
Tesla Motors Inc. listed Australia's largest power and gas retailer, Origin Energy, as one of the distributors for its solar battery storage product, Powerwall, which the company is launching globally in two other countries. The Powerwall is initially targeted at early adopters, both by Tesla and by Origin. The product will be available for installation starting February 2016.
Dec 11, 2015 7:16 AM EST
SpaceX to relaunch Falcon 9 by December 19
After a lengthy hiatus from spaceflight, SpaceX will launch its next Falcon 9 rocket again on December 19th. A recent tweet by ORBCOMM’s CEO, Marc Eisenberg, on Dec. 9, 2015, stated that the spacecraft were set and ready to be launched on the first flight of a Falcon 9 since one of the rockets was lost earlier this year. Elon Musk, SpaceX CEO, also revealed the launch date on Twitter early this morning, noting that the launch would be "about three days" after December 16th.
Dec 11, 2015 7:10 AM EST
Pew finds middle class no longer dominates in the U.S.
Middle-class once dominated the US, but now the percentage has decreased sharply. Pew research center finds that middle-class population in America has declined to nearly half, 49.9%, which has been decreased by 61% as compared to in 1971. According to analysts, the declining rate is bad for the economic and social stability of the nation.
Dec 11, 2015 6:34 AM EST
E. Coli Outbreak and The Biggest Food Recall in 2015
Several cases of food E. coli outbreak have become headline this year. E.coli may have been the major cause of food recall in 2015 along with listeria bacteria and defect.
Dec 11, 2015 4:35 AM EST
Chipotle Mexican Grill in Seattle Closed for the Violation of Food Safety
The Chipotle restaurant was closed by the Seattle-King and County, public health officials due to the violation of the food safety policies. People are suffering from various illness after eating in this restaurant chain.
Dec 11, 2015 4:19 AM EST
Asian stocks ending week on weaker note as commodities remain sluggish
Asian stocks set for weaker weekly closing on sluggish commodities prices. The continuous oil price drop and further weaker Yuan currency also weakened the investor confidence. The market players were in wait and watch mode ahead of US Fed meeting next week.
Dec 11, 2015 4:13 AM EST
'Spencer' The Robot Is Here to Save the Day
Spencer now helps traveler to find their way from 30th November at Schiphol Amsterdam Airport. Spencer is the robot that guides travelers to get their way at Schiphol Amsterdam Airport in case they missed the flight.
Dec 11, 2015 4:11 AM EST
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