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Saudi election finally includes women, also allowing them to vote

Women are now allowed to run for municipal council in Saudi Arabia. They are also allowed to vote. This is a step forward towards providing equal rights for women in the strict Saudi society.

Dec 11, 2015 8:00 PM EST


LG Electronics CEO was Vindicated from Vandalism on Samsung Washing Machine

LG Executive accused of vandalizing Samsung washing machine during 2014 Berlin electronics trade fair but was found not guilty.

Dec 11, 2015 10:35 AM EST


Uber Launched Desktop App on Windows 10

Uber created a desktop app to enable users hail a ride from their desktop. Unfortunately, the app is unable to work on its own.

Dec 11, 2015 10:26 AM EST


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.

Dec 11, 2015 10:09 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


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


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


Buffet buys 8% in Sears' REIT Seritage Growth

Warren Buffett has acquired 8% stake in Seritage Growth Properties, amounting to $70.5 million. Berkshire Hathaway is also buying a real estate firm, Allie Beth Allman & Associates. The latest acquisitions by Buffett will add financial strength to Sears Holdings.

Dec 11, 2015 4:10 AM EST


Drones with Night Vision Use Thermal Camera

Drone maker DJI with FLIR, to develop a new drone camera that can shoot in complete darkness. Drone maker DJI on Thursday said it is working with FLIR, to develop a new drone camera that can shoot in complete darkness.

Dec 11, 2015 3:54 AM EST


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