Epson's PaperLab Takes Old Paper and Makes it New, All in Your Office
Epson has unveiled its PaperLab, a large machine that can take waste A4 and A3 copy paper and make new paper of varying colors, thicknesses, and densities. However, the exactly specifications and energy consumption information is currently unknown.
Dec 07, 2015 5:46 AM EST
Shangui Cement Shareholders Oust its Board, Replaces it with Members from rival Tianrui Group Co.
The Shanshui Cement Group is now under new managment due to a shareholder decision to remove its own board members and replace them with officers from its main rival, Tianrui Group.
Iron ore below $40 as China's reserves at 7-month high
The China's economy slowdown and concerns about possible interest rate hike by US Federal Reserve are impacting iron ore prices, which are hovering at $40 per metric ton. Adding to this, the increased supplies from global majors are further putting pressure on iron ore prices. The sluggish Chinese steel industry has also become a cause of concern.
Volkswagen hold talks with investors in Qatar following emission scandal
Volkswagen's CEO, chairman, and top shareholders held talks in Qatar to discuss the company's emissions tests scandal and Volkswagen's new structure and future business focus. The Qatar investor was calling for changes in the Volkswagen management following the emissions scandal that has cost the shareholders billions.
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Amazon logs into new delivery tool; deploys its own truck trailers
Amazon is adding thousands of trailers to its shipping fleet. The Amazon branded trailers are owned by the retailer while trucks would be provided by third-party truck companies. The new fleet of trailers will be used for shipment of inventory between warehouses of Amazon, but not for direct delivery to shoppers. Amazon hopes to strengthen its supply chain management fulfilling its two delivery options on the same day or within two days.
Dec 07, 2015 2:07 AM EST
Modi-led Indian government seeks corporatization of state firms
India’s Prime Minister Narendra Modi is in favor of corporatizing state-run firms. He calls for a combined effort of central government and states to ensure sustainable economic recovery. While criticizing the old concept of divesting or closing down of state-run firms, Modi aims at bringing efficiency in the public sector undertakings (PSUs).
Dec 07, 2015 2:04 AM EST
Mexico's Pemex enters the US market
Mexican petroleum major Pemex has opened its first overseas gasoline station in Houston. Pemex will set up five more gasoline stations in the US as part of its expansion plan. The Mexican energy giant is suffering from oil price drop in addition to lower production level. The Mexcian government has opened up its energy sector by allowing foreign companies to set up gasoline stations in Mexico.
Dec 07, 2015 1:59 AM EST
Barclays banking on India Post Service for expansion
Barclays Plc is keen on working with India Post to spread its services across the country. The Department of Post is among 17 firms that have been approved to set up Payment Banks in India. The huge infrastructure and Common Service Centres of India Post are attracting many global and domestic banking giants.
Dec 07, 2015 1:56 AM EST
Volkswagen sales skid 20% in UK, 25% in US
Since the broke out of emissions scandal, Volkswagen has been suffering from sluggish sales volume. The sales of German auto major fell 20% in the UK and 25% in the US during November, while it managed to sustan in its home market as sales dip marginally by three percent.
Dec 07, 2015 1:54 AM EST
Banana Republic sales continue to slump
Banana Republic, a brand of Gap Inc, has been suffeirng sluggish sales for the past seven months. it fell 15 percent in November. Gap Inc is witnessing declining sales across its 3,700 stores. Banana Republic is in the process fo redesing product range to win the hearts of buyers.
Dec 07, 2015 1:47 AM EST
Canada gets crude oil from Enbridge Line 9B
The oil produced in western Canada has turned out to be cheaper than imports. This situation is driving oil refineries in eastern Canada to get crude oil from western Canada. Enbridge's Line 9B, a newly reversed pipeline started pumping oil to eastern Canadian refinery.
Dec 07, 2015 1:42 AM EST
Armored Mercedes-Maybach S600 is the new bulletproof luxury sedan
Armored vehicle maker INKAS unveiled an armored version of Mercedes-Maybach S600 luxury sedan. The armored S600 offers a bulletproof body that meets European CEN 1063 BR7 standards. The armored Maybach S600 will be on sale next year and priced at $500,000.
Dec 07, 2015 1:40 AM EST
Swatch collaboration with Visa for its new "pay-by-the-wrist" watch
Swatch partners with VISA for easy payment through 'pay-by-the-wrist' watch. This gadget with great feature is currently available in Switzerland, U.S., and Brazil.
Dec 06, 2015 10:26 PM EST
Ford Recalls almost 452,000 medium size cars over possible fuel leak
Ford recalls 450,000 Fusion, Mercury Milan midsize cars that the gasoline tanks possible can leak fuel.
Dec 06, 2015 10:22 PM EST
Safety Your Money from Cash Register Malware
A new point-of-sale malware has been recognized by security experts and is being up as the most complex software of its kind yet to be recognized.
Dec 06, 2015 10:17 PM EST
High Court: Living in Delhi is Like Living in a Gas Chamber
National Green Tribunal slammed the Delhi Government for not taking notice about the rising pollution level. A day after that, the Delhi Court directed the Centre and city government to immediately notice the level of PM 2.5, which has crossed 60. Other initiatives like traffic control and burning of garbage are also tackled.
Dec 06, 2015 10:15 PM EST
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