Japan state-fund mulls picking stake in Sharp Corp
Japan state-backed fund is keen on acquiring stakes in Sharp Corporation for Yen 200 billion ($1.63 billion). Sharp Corp recorded Yen 50 billion operating loss for the first half of 2015. The LCD business unit of Sharp Corp is a major contributor to the losses. Sharp is planning to spin off LCD business unit and later it may consider stake selling, according to media reports.
Dec 02, 2015 10:53 PM EST
Spotify is now the number one music streaming service globally
Spotify is now the world's most popular streaming music service, according to a new report from app analytics firm App Annie. The report also disclosed that Spotify has defeated ts biggest competitor; Pandora in terms of active users, downloads and revenue.
Facebook plans to set up its first Asian data center in Taiwan
Facebook plans to build its first Asian data center in Changhua County, Taiwan. The company plans to invest $300 million for the data center that will sit on 20 hectares of land.
Italy's unemployment rate 11.5%, lowest since December 2012
Unemployment rate in Italy dropped to 11.5 percent in October, the lowest since 2012, reported the national statistics agency Tuesday.
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Medical Experts project 800,000 lung cancer cases a year in China by 2020
Cases of lung cancer in China will rise to 800,000 by 2020 with 700,000 deaths a year due to air pollution, according to Medical experts.
Dec 02, 2015 10:34 PM EST
Victoria's Secret lingerie maker Regina Miracle soared 71 percent giving $1.1B fortune to owner
Victoria's Secret owner became a billionaire as his company soared 71 percent after its initial public offering in the Hong Kong exchange in October.
Dec 02, 2015 10:23 PM EST
Oil prices up as traders mull outcome of OPEC meeting on Friday
U.S. oil futures nudged a bit higher Tuesday as traders anticipate the outcome of the Organization of the Petroleum Exporting Countries’ (OPEC) meeting on Friday.
Dec 02, 2015 9:57 PM EST
Chinese shoppers spend $55 million on sales events from Thanksgiving to Cyber Monday
Though Black Friday and Cyber Monday are from the United States, $55 million of the sales come from Chinese buyers through online transactions.
Dec 02, 2015 7:51 PM EST
Switzerland sentences the "Edward Snowden of Tax Evasion" to 5 years in prison
After a six year investigation by the Swiss authorities, Herve Falciani was sentence to five years imprisonment for corporate espionage.
Dec 02, 2015 9:36 AM EST
Apple Store's new products are opening up the kitchen for automation
The Apple Store is selling products that are helping consumers improve or automate certain tasks like drinking water or sous-vide cooking.
Dec 02, 2015 9:29 AM EST
Washed Ashore, an Oregon NGO, takes advantage of too much plastic in the ocean - You can too
The Washed Ashore Project is a nonprofit organization in Oregon that is trying to raise awareness of the increasing problem of plastic in the world's oceans. The sculptures they create are made from plastic found in the ocean, showing visitors how much is in the ocean and encouraging them to help reduce their plastic consumption.
Dec 02, 2015 9:23 AM EST
Nokia's OZO is the Finnish Company's 8 Camera Step into the Virtual Reality Market
Nokia Technologies has announced that it will start selling its OZO virtual reality camera in Q1 2016.
Dec 02, 2015 8:42 AM EST
Vintage Electric comes out with its more efficient and powerful e-bike, the 2016 Tracker
Vintage Electric just released an update to their old E-Tracker e-bike, giving some poweful upgrades to the battery and motor as well as some updates to their 1990's style design.
Dec 02, 2015 8:37 AM EST
UN, UNICEF report hidden epidemic of HIV among young gay dating app users in Asia-Pacific
The United Nations and UNICEF have collaborated on a report that exposes the increase in HIV among young gay men that use mobile dating apps for casual sex.
Dec 02, 2015 8:32 AM EST
Government Development Bank's $72 billion in debt is making Puerto Rico possibly America's Greece
Puerto Rico's Government Development Bank is struggling to manage $72 billion in debt, the majority of which is from its own making. The first payment of $355 million of the general obligation debt is due December 1, but the country seems that it will have to default on that payment and subsequent payments. The debt was created from excessive lending and now the governor has asked the help of the US government to allow the country to file Chapter Nine bankruptcy.
Dec 02, 2015 8:29 AM EST
Coca-Cola ad in Mexico attacked for insensitivity to indigenous rights and health
A new Coca-Cola ad in Mexico has been taken down due to massive criticism that its depicts local indigenous groups poorly while also encouraging poor health.
Dec 02, 2015 5:32 AM EST
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