Banknotes will soon be eliminated and Sweden will be the first country to become a cashless society. Although, a lot of the country's banks no more accept or dispense cash, this move toward a digital economy seems not advisable since there are risks included using apps and cards as a mode of payment

Dec 31, 2015 05:45 AM EST

Spacecraft company Arca Space announced the world's first true hoverboard, the ArcaBoard. The fan-powered board can lift a person one foot off the ground.

Dec 28, 2015 04:22 AM EST

Around four millions of Syrians have fled to their neighboring countries to escape the civil war and have been receiving funds globally. Comedian Sacha Baron Cohen and his actress wife, Isla Fisher also have donated around $1millions. Around 1,400 of the charity's volunteers are working to assist the victims of the civil war.

Dec 31, 2015 12:54 AM EST

Afghanistan is still the largest producer of opium in the world. Area where Taliban has a strong presence has been the main supplier for the world's opium.

Dec 28, 2015 04:14 AM EST

China’s legislature passed a controversial new anti-terrorism law that allow the government to request for sensitive information from technology firms. Among the information that could be requested includes encryption keys for individual data.

Dec 28, 2015 04:03 AM EST

Mexico state-run oil major Petroleos Mexicanos (Pemex) may reduce jobs in 2016 as part of its restructuring plan. The company is keen on making partnerships along the production chain. Pemex may tap private capital for funding the business strengthening operations.

Dec 26, 2015 08:19 PM EST

The latest forecast form JPMorgan Chase & Co has alerted the Japanese industry to be ready for the rising Yen to ¥100/USD in 2016 from the current 121. However, it also said that the surge in currency value may not harm drastically. Contrary to this, another survey carried out by Nikkei Research for Reuters indicated yen would fall to 130 per dollar.

Dec 26, 2015 08:17 PM EST

Westinghouse Electric Co. expects to reach a deal with India by the end of next year to provide at least six nuclear reactors. The company is expected to build around 60 new nuclear reactors in the country.

Dec 26, 2015 08:11 PM EST

An Australian man, Zaky Mallah is suing eBay for $30,000 (US$21,756) after it delisted the 'weed hat' he wore in ABC's panel dialogue program Q&A. His presence raised questions as in past, he was charged for terrorism. An eBay spokeswoman said that Mullah has been explained with the problems of the delisting for him to "address the issues".

Dec 26, 2015 08:00 PM EST