Chinese News Staff Suspended After Saying Xi "Resigned"
Four staff members of the China News Service are suspended for accidentally reporting that the speech President Xi Jinping held in Africa was his resignation.
Dec 07, 2015 6:42 AM EST
Five Years for a Second Chance: Japan's Akatsuki Probe Attempts Venus Again
Japan Aeropsace Exploration Agency's Akatsuki probe has a second attempt to enter orbit around Venus after failing the first time five years ago.
New Oxford Study Suggests Tech Companies Do Not Create Jobs for the Many
A recent study published has suggested that the future of jobs will be in the digital sector, but due to the structure of these tech companies, fewer people are needed.
Human Infants Help Teach Robot Infants, with Help from UW Robotics Team
A team at the University of Washington has published a study showing that it seems possible for robots to learn tasks and goals by watching and imitating human actions.
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US Jobs Stable, But is the US Economy Ready for Faster Rate Hikes?
Becuase of promising data on the state of jobs in the US, the Federal Reserve will likely increase interest rates, but still only has skeptical answers to questions about the future.
Dec 07, 2015 6:17 AM EST
Peterson Automotive Museum Reopens with Exciting New Technology and New Exhibits
In Los Angeles, the Peterson Automotive Museum reopens after renovations. It took a little over a year to do it, but the Petersen Automotive Museum met its deadline and is ready to open its doors after under going $90 million in renovations.
Dec 07, 2015 6:12 AM EST
Volkswagen to Compete with Tesla with New Porsche Mission E
Volkswagen Group is investing in the production of a fully electric sedan, the Porsche Mission E. It is slated for release around the end of the decade.
Dec 07, 2015 6:01 AM EST
Virgin Galactic Will Now Use Boeing 747s to Launch Rockets, Satellites
Virgin Galactic has announced that it will repurpose one of their Boeing 747-400s to be used as the dedicated launch vehicle for their LauncherOne small satellite launch business.
Dec 07, 2015 5:56 AM EST
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.
Dec 07, 2015 5:43 AM EST
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.
Dec 07, 2015 4:17 AM EST
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.
Dec 07, 2015 2:10 AM EST
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
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