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Disruptive technology destabilizes the economy as we enter the venture capital revolution

Analysts say that as we enter the venture capital revolution, majority of capitalist venture on disruptive technology. Thus, it creates imbalance in our economy, neglecting other areas that need to be developed like health, food and education.

Sep 09, 2015 6:18 AM EDT

News

Zomato restaurant discovery acquired $60M funds; Introduces Whitelabel platform

Zomato, the app and the website that provides detailed information to 1.4 million restaurants around the world acquires $60M fresh round funding. The company will use it to develop new services and to improve its Whitelabel platform.

News

After 25 years, China revises down GDP growth to 7.3%

The latest data from National Bureau of Statistics confirms slowdown in China's economy. The revised GDP growth for 2014 to 7.3 percent from 7.4 percent raises doubts over the government target of seven percent for 2015.

Amazon to Release $50 Tablet This Holiday as it Struggles to Sell Pricier Devices

As Amazon struggles on its sale for pricier tablets, it resolved to go down the market with its new $50 6-inch tablet.

Pfizer's Arthritis Drug Patent Rejected in India

Pfizer’s patent for a new medicine was rejected by India again. This is another setback for the multinational company who has been trying to penetrate the Indian healthcare market.

Sep 09, 2015 3:51 AM EDT

Lyft, Uber Pirates Key Twitter Employees Amid Turmoil

As Twitter is facing management problems and drop in stocks, Lyft and Uber come to poach some of its key employees.

Sep 09, 2015 1:52 AM EDT

How to Turn Your Travelling Hobby into A Million Dollar Business: 7 Tips from A Successful Blogger

Johnny Ward came from a small Northern Ireland town. Now he makes $30,000 a month travelling. His business has now made $1 million after three years.

Sep 09, 2015 1:11 AM EDT

Kngine Raises $1 M from Bridging Gap Between Silicon Valley and Middle East

Kgnine from Cairo raised $1 million in funding from local venture capitalists and from Silicon Valley, bridging the gap for Middle Eastern startup companies.

Sep 09, 2015 12:56 AM EDT

Credit-Gas Theft, Fraud Epidemic; Credit-Cardless Online Shopping Gets Easier

There is an epidemic regarding theft and fraud in the gas and credit card industry, while a Swedish company found a way to let shoppers buy stuff online without using credit card.

Sep 09, 2015 12:40 AM EDT

Study Shows Extra Screen Time Reduce Teenagers' Academic Performance

British scientists found that teenagers who spend an hour of extra screen time, especially on TV, leads to reduced academic performance.

Sep 09, 2015 12:04 AM EDT

Analysts Say Volkswagen's Management Reshuffle Not Enough to Create Momentum

Volkswagen’s reshuffling may not bring the momentum it needs to to address its structural issues between lets Chief Executive Martin Winterkorn and former Chairman Ferdinand Piech.

Sep 08, 2015 11:46 PM EDT

Toyota to produce cars with artificial intelligence

Toyota, together with Stanford University and MIT will collaborate to produce cars that use artificial intelligence. It will intervene human driving if there are any mistakes and if necessary, replace the driver himself to prevent any accidents.

Sep 07, 2015 11:04 PM EDT

Facebook's WhatsApp reached 900 million monthly active users; aims for 1 billion

WhatsApp had reached 900 million users per month around the world, Jan Koum posted it on Facebook. Expect additional features and more ads when the app gained 1 billion subscribers.

Sep 07, 2015 11:35 AM EDT

Amazon Restaurants food delivery service hires staff in Seattle and New York

Amazon is trying out a new venture, the food delivery service. The new division is Amazon Restaurants under the Amazon Local. Prime Now will manage the shipping of meals from Seattle restaurants. The company also hires staff in Seattle and New York.

Sep 07, 2015 11:35 AM EDT

Nike could be J. Crew's toughest rival

Nike is just silent and waiting around the corner to take its queue in the market sales. Before J. Crew knew it, Nike has gotten the bigger share in the active wear market share sales.

Sep 07, 2015 11:35 AM EDT

Blackberry to acquire Good Technology in $425M cash deal

BlackBerry will buy out Good Technology Corp in a $425M cash deal. The deal will help, as BlackBerry is optimistic, enhance customer base for service business.

Sep 07, 2015 11:33 AM EDT