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Fed adopts new rules to end 'too big to fail' notion on troubled banks

The Federal Reserve adopted new measures that would limit its ability to bail out big banks that are in trouble, which essentially means the government has to come to their rescue whenever they face crisis.

Dec 03, 2015 02:21 AM EST


Africa's Largest Media Company Extends Its Operation Worldwide

South African largest media company, Naspers increases its U.S exposure. The company that has operated in 130 countries is ready to expand its service worldwide

Dec 03, 2015 03:26 AM EST


7-Eleven in Asia: the HQ of Snacks and Unique Services

7-Eleven stores in the Asian market provide unique products and services to their customers unlike the originals in the US.

Dec 02, 2015 05:20 AM EST


Egyptian Oil declines, imports increase

Egypt’s oil exports is in a steady decline amid growing domestic demand and increasing local production, while imports are steadily increasing.

Dec 02, 2015 05:07 AM EST


Faulty component, inadequate crew response major factors for AirAsia A320 plane crash December last year

Indonesian officials said Tuesday that faulty rudder and inadequate response from the crew are the major reasons for the crash of the Indonesian AirAsia A320 on December 28 last year, killing 162 people on board.

Dec 02, 2015 05:02 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 03:25 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 05:32 AM EST


Microsoft is Preparing Surface High-End Smartphone

Microsoft is preparing its Surface smartphone, the high end series to be available next year.

Dec 03, 2015 08:21 PM 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 03:24 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 08:32 AM EST


Canadian startup found the new wireless technology to replace security camera

Cognitive System, a Canadian startup, has developed a new technology to visualize wireless signals. The new platform called Amera is powered by R10 chip that is able to analyze any wireless signals from electronic devices.

Dec 02, 2015 12:53 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 04:36 AM EST


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