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Alibaba's stock decline despite acquisition spree is due to its traditional business strategy, says Forbes

China’s Alibaba has been acquiring companies for the past two years, but it is a wonder why its stock prices are continuously declining. Experts blame its strategy and China’s economic slowdown.

Dec 02, 2015 4:55 AM EST


AT&T to increase grandfathered unlimited plans price to $35 from $30 on February 2016

AT&T increased the price for its unlimited data plans to $35 from $30 a month, the first hike since seven years.

Dec 02, 2015 4:53 AM EST


BlackBerry exits Pakistan to prevent government from accessing servers

BlackBerry Ltd. will exit Pakistan to avoid the country’s government demands of unfettered access to its secure enterprise service servers.

Dec 02, 2015 4:47 AM EST


Honda lifts retirement age to address Japan's aging demographics

Honda Motor Co. will lift its employees’ retirement age to 65, making it one of the biggest companies in Japan to address the nation’s aging demographics.

Dec 02, 2015 4:44 AM EST


Indian billionaire takes on India's top wireless carrier to enhance voice and data service

India’s Bharti Airtel Ltd will invest 600 billion rupees, or $8.98 billion, to protect market share as the country’s richest man, Mukesh Ambani, plans to invest $15 billion on cheaper 4G broadband network services.

Dec 02, 2015 4:40 AM EST


Kuwait Appoints New Oil Minister before meet with OPEC

Kuwait on Sunday appoints Anas al-Saleh, its oil minister with its current finance minister and deputy prime minister, replacing Ali Al-Omair, who is now minister of public affairs and is still current state minister for parliamentary affairs.

Dec 02, 2015 4:36 AM EST


Samsung launches web browser for Gear VR

Samsung launches beta version web browser for Gear VR called Samsung Internet for Gear VR. It supports 360 degree and 3D video streaming as well as HTML5 video. The app is available for download in Oculus store starting on Dec 2.

Dec 02, 2015 3:25 AM EST


Mark Zuckerberg gives 99% of his Facebook shares to charity

Mark Zuckerberg and his wife Dr. Priscilla Chan announced in an open letter to their new daughter, Maxima Chan Zuckerberg that they are donating 99 percent of Zuckerberg stocks in Facebook to charity. The donations will take place over their lifetime, and the exact worth of the shares will likely change.

Dec 02, 2015 3:24 AM EST


GazProm Halted Gas Supply to Ukraine Due to Non-Payment

GazProm CEO said that the Russian company has stopped its gas supply to Ukraine starting last Wednesday due to payment issue.

Dec 02, 2015 2:32 AM EST


Russia Started To Build The Largest Nuclear-Powered Data Center

Russia began the construction of its largest nuclear-powered data center. The first phase of data center will be opened in 2017.

Dec 02, 2015 2:22 AM EST


Greece Economy Decline More than Expected in Q3

Greece economy declines 0.9% in third quarter according to Elstad, the Hellenic Statistical Authority.

Dec 02, 2015 2:16 AM EST


Bugatti Chiron will debut next year at the Geneva Motor Show

Bugatti confirmed Monday that the new supercar will be called the Chiron, and will debut next year at the Geneva Motor Show.

Dec 02, 2015 2:02 AM EST


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