IKEA Reaches Out to Refugees By Providing Them with Shelter: Company cuts down profits
IKEA, the Swedish furniture making company announced to cut of its profit to help the refugees. It said that it will donate 1 euro ($1.06) to the UNHCR, the UN Refugee Agency, for every LED product sold. Earlier this year, it donated over thousands of specially designed shelter tents for the refugees.
Nov 25, 2015 2:42 AM EST
Alibaba's Jack Ma eyes South China Morning Post
Alibaba Group's founder Jack Ma is in talks to buy a stake in the publisher of Hong Kong’s South China Morning Post. The move is similar to Amazon's Jeff Bezos who tries to revive the traditional newspaper in current digital age.
Apple officialy confirms the acquisition of motion-capture firm Faceshift
Previously, it came into hearing that Apple has decided to acquire Facelift. But now, it officially confirmed in its statement. The Faceshift company is behind the motion capture technology used in Star Wars. The technology captures the real-time gestures of actors onto the animated characters used in film or game.
Oil supply glut creating traffic jams at sea
The rising levels of oil inventories are resulting in more supplies and this is creating traffic jams of tankers on the seas shores and along the US Gulf Coast. The floating storage of crude oil rose three times. A number of oil tankers are queuing up waiting for offloading.
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Morocco to build the world’s largest solar power plant
Morocco will build the largest solar power plant in the world to provide electricity in the country by 2020. The first phase of the project will go online next month. Morocco also plans to export its solar energy to other countries in Europe.
Nov 25, 2015 2:16 AM EST
Ackman Established Superiority On Pershing By Raising Its Stake In Valeant Pharmaceuticals
Activist investor Ackman has recently announced that Pershing has increased its amount of stakes in Valeant Pharmaceuticals. According to experts, this decision will play an interesting role in the besieged drug maker’s strategy.
Nov 25, 2015 2:09 AM EST
Xiaomi Introduces Latest Redmi Note 3 With Fingerprint Scanner Technology: More Surprises Unveiled
Are you a gadget freak and like to update your mobiles with the latest model launched in the market at regular intervals? The outstanding features of just launched Redmi Note 3 will surely blow your mind. Xiaomi is surprising their customers with back to back product up gradation.
Nov 25, 2015 2:02 AM EST
People with unpaid IRS debt can have their Passports cancelled
A bill that that may cancel the passports of people with unpaid IRS loans is going to be approved very soon.
Nov 25, 2015 2:01 AM EST
Gender Pay Gap Can be Solved by These Two Things
Transparency and removing negotiations are the best ways to reduce the ever growing gender gap pay, says Forbes.
Nov 25, 2015 1:50 AM EST
Evergrande Bought 50% of Great Eastern Life Assurance for Share 3.9 billion yuan to diversify into insurance
China’s Evergrande Real Estate Group Ltd., bought 50 percent share from Great Eastern Life Assurance Co for 3.9 billion yuan, or $610 million, to diversify into insurance.
Nov 25, 2015 1:42 AM EST
Audi admits Volkswagen Installed Defeat Device in 85,000 more cars
Audi admitted to the Environmental Protection Agency (EPA) that there are 85,000 more Volkswagen cars with illegal defeat devices to cheat emissions results.
Nov 25, 2015 1:38 AM EST
Alberta limits Oil-Sands Emissions to curb pollution
Alberta will limit oil-sands emissions, discontinue coal power plants, and create an economy-wide carbon price to reduce pollution in the province.
Nov 25, 2015 1:27 AM EST
Jack Dorsey, retail investors win, while underwriters lose in Square IPO
The IPO from Square has set a new record by receiving an overwhelming response on its listing day. the stock rose 45% giving more cheers to investors. Forbes has done some assessment on who are the winners and losers in Square IPO.
Nov 25, 2015 12:13 AM EST
UK allots £1B fund for the eradication of malaria, other infectious diseases
The UK government will be spending £1 billion for the eradication of malaria and other infectious diseases. To fight against these dangerous diseases, the UK government is setting up a £1-billion fund to be spent over the next five years. The UK is working on this ambitious project in partnership with Bill and Melinda Gates.
Nov 24, 2015 10:57 PM EST
Cat Photos Show Solidarity for Citizens in Brussels
Manhunt for Islamic State terrorist suspect is still on going in Brussels. Citizens cooperate with police to stop sharing information about situation, and share cat pictures instead.
Nov 24, 2015 10:00 PM EST
Turkish Airline Flight Forced To Emergency Land After Bomb Threat
A Turkish Airline flight forced to divert and land in Canada after a bomb threat was received. The flight was flying from New York to Istanbul.
Nov 24, 2015 4:53 AM EST
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