Finland to pay 800 euros basic monthly income to all citizen, scrape benefits
Finland plans to give all its 5.4 million citizens 800 euros ($1,187) per month as national basic income and remove social welfare benefits and income support packages.
Dec 08, 2015 6:54 AM EST
Macau Casino November revenue is at its lowest ever and experts see no catalyst to recover
Macau casino revenue is at its record lowest with no hope of recovery in the near future according to experts.
President Obama calls on Silicon Valley to battle online terrorist recruitments, addresses USA on terror
President Obama’s recent terror threat speech seeks the help of Silicon Valley to stop recruitment and promotion of terrorist groups’ violence over social media.
Singapore and U.S. Agreed to Deploy Boeing P-8 in South China Sea
United States and Singapore agreed on sending Boeing Poseidon spy plane to South China Sea amidst a tension in the region.
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Google Life Sciences is now Verily
Alphabet has renamed its Google Life Sciences division to "Verily". The company spun off from Google in August within Alphabet. It will continue Google Life Sciences' projects on disease prevention and health.
Dec 08, 2015 5:07 AM EST
US consumer credit growth below forecast in October
The consumer spending slowed down in October. The latest data from the US Federal Reserve indicated the cautious approach of American consumers ahead of major shopping season in the country. The consumer spending rose $15.98 billion to $3.5 trillion in October as against $38.5 billion growth registered in September. The auto and student loans propelled the consumer growth in October.
Dec 08, 2015 5:04 AM EST
Toshiba to pay $59.8 million for their accounting violations
Toshiba could pay a record-breaking fine for its accounting violations. Japan's Securities and Exchange Surveillance Commission recommended that Toshiba should be fined a record-breaking 7.
Dec 08, 2015 4:36 AM EST
Student loans eligibility restricted to those who can borrow for higher education
The surging number of student loan delinquincies has raised a debate whther to underwrite student loan policies or not.
Dec 08, 2015 4:29 AM EST
Takata downplayed air bag crisis and lost major investor because of it
Takata’s manner of facing their air bag crisis has lost them one of their biggest investors. How Takata Corp. handled their air bag crisis is the very reason why they lost one of their biggest investors, Sawakami Asset Management.
Dec 08, 2015 4:07 AM EST
Orbital ATK takes off with vital NASA gear to the International Space Station
Orbital ATK’s Atlas V Rocket successfully took off en route to the International Space Station. After its year long hiatus, Orbital ATK with the Atlas V rocket successfully launched its unmanned Cygnus cargo spacecraft carrying important supplies and NASA gear to the International Space Station.
Dec 08, 2015 4:00 AM EST
A Philippine judge clarified the ruling of his court, suspending the application of permits by prospective drivers
Philippine judge Santiago Arenas clarified Saturday that the ruling in a Quezon City regional trial court doesn’t stop operations of ride-sharing companies like Uber and GrabCar, but only suspend the application of permits by prospective drivers.
Dec 08, 2015 12:42 AM EST
Great customer service is genuine customer service, according to experts
Patrick O’Conell, FRHI Executive VP Doug Carr, and Sara Kearney from Hyatt said great customer service is about being genuine, it shouldn’t be fake, developing a different personality, or scripted.
Dec 07, 2015 10:39 PM EST
The BMW i8 Spyder will be in production very soon, says CEO Harald Krueger
BMW CEO Harald Krueger said a production version of the BMW i8 Spyder, which was first seen as a concept in the Beijing Auto Show back in 2012, will be introduced very soon.
Dec 07, 2015 10:19 PM EST
Chile inflation drop puts pressure for rate hike
Chile's central bank is expected to hike interest rate this month or January 2016. inflation rate dropped into the expected range for the first time in 20 months. However, the core inflation remains at high level. The slump in currency Peso is also impacting the inflation rate.
Dec 07, 2015 9:41 PM EST
46% of Americans are not loyal to their banks, finds survey
A latest survey highlights that majority of Americans are loyal to one bank, while 46.1% have two or more bank accounts. Women deal with fewer banks and men tend to do multiple banking, according to survey by GoBankingRates. Majority Americans keep less than $1,000 in their savings accounts.
Dec 07, 2015 9:37 PM EST
China's budget airline spread wings to cover more routes
The cost-cutting measures at corporate companies are creating more demand for budget airlines in China. A majority of business travellers are also preferring to fly by budget carriers. The four budget airlines are making profits in Chinese domestic aviation. The budget airlines account for seven percent of China's domestic air travel and is expected to grow over 100 percent in next five years.
Dec 07, 2015 9:31 PM EST
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