US consumers spending below forecast as savings soar
The US consumer spending rose only by 0.1%, below the 0.3% forecast while savings rate rose to the highest in the past three years. According to the US Commerce Department's data for October, Americans are savings faster than spending.
Nov 27, 2015 12:04 AM EST
Pope Francis in Africa to Address Religious Conflict
Pope Francis gave a message of peace and reconciliation during his mass in Nairobi, which is his first stop in his six-day visit in Africa.
Nickel makers explore ways to weather lower prices
Suffering from 12-year low price levels, nickel makers are planning to slash production and supply levels to boost the prices. The slowdown in China's economy is impacting the most nickel consumption and its price. Nickel manufacturers are considering several options on how to propel the price and sustain the current adverse conditions.
Brazilian bourse's app to track illegal timber trade
With an objective to check illegal timber trade, Brazilian bourse BVRio has launched a new app that helps foreign buyers scan legal code for every timber lot. Over half of the Brazil's timber trade is illegal, according to a report. The illegal logging is fast adding to deforestation, which has created more concerns among residents of Amazon region. Local residents formed into militant groups to protect forest cover and assets by taking action against illegal loggers.
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Drones and Drum Lines to protect beachgoers in Australia this summer
Drones and “smart” drum lines will protect Australian beachgoers this summer, according to New South Wales government.
Nov 26, 2015 10:29 PM EST
Google Alerts, LinkedIn are most popular online resources for job seekers
Pew research indicates that majority of job seekers are relying on online resources while very few people are depending upon advertisements in print publications. Among online resources, Google Alert and LinkedIn are among the popular options for job hunters.
Nov 26, 2015 10:28 PM EST
Apple to begin using Samsung’s OLED displays for new iPhones in 2018
Samsung Display is reported to have renewed talks with Apple to supply its OLED displays for the next iPhones that will be released in 2018.
Nov 26, 2015 10:19 PM EST
Arizona's Meritus Health Partners to End Operation by The End of The Year
Meritus Health Partners announced that it would discontinue its operations by the end of the year since it failed to raise additional funds.
Nov 26, 2015 10:01 PM EST
E.Coli Infection In Seven States Linked to Costco Chicken
Costco chicken salad is said to cause e-coli poisoning in seven states according to Center of Disease Control and Prevention.
Nov 26, 2015 4:46 AM EST
Lufthansa cabin crew union calls off strike
The main cabin crew union (UFO) at Lufthansa airline has called off a labor strike which lasted until 13 November, registered as the longest strike in the history of the German airline. The management has agreed to extend basic retirement and pension benefits to staff. The next meeting is scheduled on 2 December. In addition to UFO, two other unions will also take part in discussions with the management.
Nov 26, 2015 4:01 AM EST
World Robot Conference in Beijing showcases latest robotics innovations
The 2015 World Robot Conference in Beijing that was held on Nov 23 - 25 showcased latest robotics technologies - from service robots than can serve foods to robots that can play soccer, badminton, and even play ping pong with the attendees.
Nov 26, 2015 3:44 AM EST
Blue Origin's rocket returns safely after space flight; Jeff Bezos sees suborbital flights by 2017
Jeff Bezos' Blue Origin has successfully completed space flight as its rocket safely landed back in West Texas. Blue Origin has achieved a rare distinction of testing a reusable rocket, which will significantly reduce space flight costs.
Nov 26, 2015 3:24 AM EST
Sluggish PC, printer sales push HP profit forecast lower
The sluggish sales in PCs and printers is impacting Hewlett-Packard Co's financial performance. The company on 1 November 2015 split into two entities-- HP Inc and Hewlett Packard Enterprise Co (HPE). HP Inc lowered profit forecast for the first quarter as it recorded profits below the market expectations during the third quarter.
Nov 26, 2015 3:00 AM EST
Li-Fi, a wireless technology that is 100 times faster than Wi-Fi
A super high speed wireless technology Li-Fi has been proven to able to transmit data at up to 1GB per second, or more than 100 times faster than Wi-Fi. Li-Fi technology uses visible light communication to perform high speed data transmission.
Nov 26, 2015 2:29 AM EST
Google To Promote Holiday Shopping Deals Via Text Alerts
Google will promote on a SMS-based alert service which will help users to up-to-date about holiday deals on products.
Nov 26, 2015 2:22 AM EST
Police Made Another Arrest on TalkTalk Hack and Blackmail
Police make another arrest for the TalkTalk hacking and blackmail case. Earlier, a cyber jihadi group claimed responsibility for the last month attack.
Nov 26, 2015 1:50 AM EST
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