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India world's 7th top nation brand; US, China retain top-2 slots

US, China, Germany, UK, Japan and France are the world's top 'nation brands' in the latest report by Brand Finance. India improved its position by one step making it to the seventh place and a brand value of $2.1bn.

Nov 03, 2015 3:12 AM EST

News

Japanese auto majors may post encouraging quarterly results

Japanese automobile majors Toyota, Nissan and Honda are upbeat on performance as surges in US sales and weaker Yen are adding to their profits. The market analysts are closely watching second quarter and third quarter results to ascertain future outlook for 2016. The US and China markets account for one-third of total sales of Japanese automobile majors.

Markets

Task force for recreational drone registration convenes

A task force formed by the FAA to recommend rules for registering recreational drones begins a series of meetings this Tuesday. Among members of the task force are representatives from Amazon, Wal-Mart, and Best Buy.

News

Fed wants to shield taxpayers when banks go down

US banks will be required to hold enough debt that could be converted into equity if they were to falter soon. This according to a Fed rule that was approved by a unanimous vote on Friday.

Snapchat introduces another new update

Snapchat is introducing a new set of filters called “Speed Modifiers” for videos shot on both iOS or Android. The new feature let users add slow motion, fast-forward, or rewind effects to a video.

Nov 03, 2015 12:46 AM EST

China factory output again slips, but fall slows down in October

The manufacturing sector's output again fell in October showing a continuous drop for the past eight months in the world's second-largest economy. However, the drop was at a slower pace in October as the marginal recovery in export orders offset further damage.

Nov 03, 2015 12:42 AM EST

Ellie Mae beats expectations on the third quarter revenue as mortgage industry soars

The mortgage processing software company Ellie Mae beats the expected revenue on the third quarter financial report. The company's revenue rose 61% to $68.9 million, higher than analysts expectations of 46% growth.

Nov 03, 2015 12:40 AM EST

Google’s new app allows people to know if you’re “down” to hangout

Google has launched a new app called "Who's Down". The app allows the users to find out people who are available to hang out. The app is available for iOS and Android.

Nov 03, 2015 12:28 AM EST

Apple’s new patent will make an iPhone screen shatterproof

Apple Inc. patents its new technology for mobile's screen protector. The technology will protect the device when it falls by releasing "bumpers" as shock absorbers.

Nov 02, 2015 10:20 PM EST

Finland's Kela will provide basic income for working or non-working Finnish

The Finnish Social Institution, Kela, is coming up with plans to create a basic income model that would guarantee an 800-euro-a-month income for the people whether they work or not.

Nov 02, 2015 10:13 PM EST

China sees greater shift to internet-based enterprises

There's significant business potential in internet-based business as the higher costs of labor and infrastructure are eroding the profitabilit of tranditional enterprises in China. The vast usage of internet and huge population numbers are luring many businesses to set up shop online.

Nov 02, 2015 9:55 PM EST

Daniel Loeb's Third Point picks stake in Seven & I

Daniel Loeb's Third Point LLC has picked stake in Japanese retailer Seven & i Holdings. The size of the deal is expected to be below five percent. The US activist investor Loeb has called for restructuring at the Japanese retailer to increase profitability and shareholder returns, while reducing costs. Seven & i is closing down its underperforming Ito Yodado stores.

Nov 02, 2015 9:41 PM EST

Amazon logs off 'Register'; breather to Square

Facing stiff competition and suffering low margins, Amazon has decided to shut down its mobile point-of-sale payement service Amazon Register. This decision has turned out to be a fresh breather for competitors such as Square, which is going public this year. Amazon Register will be logged off in early 2016, while existing merchants are allowed to use it till 1 February 2016.

Nov 02, 2015 9:32 PM EST

Cross-border technology sharing with Chinese firms worries US defense experts

US technology giants such as IBM, Microsoft, Dell and Cisco are working closely with Chinese companies considering the vast business potential in the world's second largest economy. Taking advantage of technology access to the US companies, Chinsese companies are becoming self-sufficient in developing technology applications in turn pushing military research and operations capability. This may signal threat to US national security, alert US defence experts.

Nov 02, 2015 9:22 PM EST