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News

Alcatel-Lucent decides to retain undersea cables unit

The Paris-based Alcatel-Lucent has decided not to sell its undersea cable manufacturing unit 'Alcatel-Lucent Submarine Networks (ASN). The Finnish global major Nokia is in the process of acquiring Alcatel-Lucent. With the latest decision of Alcatel-Lucent retaining undersea cable unit. Retaining the undersea cable unit will not have any impact on completing the ongoing acquisition process with Nokia. The acquisition deal is expected to be completed by June 2016.

Oct 07, 2015 9:58 AM EDT

News

Illegal cocoa farmers' eviction to save Mont Peko National Park

Mont Peko National Park will be erased in the map in the coming years if the illegal farming of cacao will not be stopped. Already 99% of the 34,000 hectare park has now been destroyed including the habitat of different primate species.

News

Oktoberfest 2015 Affected by the Stream of Migrants in Germany, Revelers and Beer Consumption Decreased

The World's largest beer festival, Oktoberfest in Germany had a surprising decreased of revelers this year. The main caused was the border control imposed by the country for the entering migrants. Some of the tourists from the neightboring countries are also restricted. Not only the partygoers had decreased, the amount of beer was also reduced.

News

Regular flyers’ secrets to fly best to Hawaii, Is Avios the most excellent option for redeeming miles to Hawaii?

Hawaii is considered as one of the hardest award tickets to redeem. And while a lot of people treat Avios as the best option to redeem miles to Hawaii, a lot of airlines also offer different flights.

Chile creates Easter Island marine reserve at Our Ocean Summit, Obama ups U.S. sanctuaries

Chile just declared their marine reserves in the Easter Island at Our Ocean Summit. On the other hand, President Barack Obama announced the two new U.S. National Marine Sanctuaries.

Oct 07, 2015 8:23 AM EDT

UrbanBuddy Mobile App: Staying local while travelling around the world

Urban Buddy helps tourists gain knowledge of a new city from veteran city residents. The mobile app allows users to ask questions and a genuine local immediately provides recommendations and advice.

Oct 07, 2015 8:16 AM EDT

Vancouver Island: An island getaway perfect for storm watchers

The Vancouver Island has done an impressive job to transform the cold months into a perfect getaway. The storm watching activities at the resorts as well as the surfing competitions make Vancouver a travel wonderland.

Oct 07, 2015 8:08 AM EDT

Pamper Yourself at Virgin Atlantic Clubhouse London Heathrow Just Before your Flight

Virgin Atlantic Clubhouse London Heathrow offers great amenities for passengers just before their flight.

Oct 07, 2015 7:57 AM EDT

Kuwait Airlines prohibits Israeli from booking a flight, Faces possible discrimination charges from the US Federal

Kuwait Airways has been found guilty of U.S. anti-discrimination law after an Israeli national was not allowed to book a ticket on the airline online.

Oct 07, 2015 7:55 AM EDT

UAW threatens Fiat Chrysler with a strike; $40M weekly profit at risk

Fiat Chrysler could lose millions per week if the workers strike will proceed. The pressure of putting the production on halt could also see the already ill company to face a worse issue.

Oct 07, 2015 2:53 AM EDT

Microsoft unveils Surface Book, its first ever laptop

Microsoft unveils its first ever laptop during a media event in Manhattan. The laptop which Microsoft claims could rival Apple MacBook Air comes with a twist that could change the laptop industry.

Oct 07, 2015 2:37 AM EDT

Basel-III norms help Morgan Stanley, Goldman regain hedge fund trading business

The US banks including Goldman Sachs and Morgan Stanley are recapturing their lost trding business from hedge fund customers. Thanks to the rules of Basel-III, which sets high capital requirements for trading activity in stocks, bonds, derivatives, etc. European banks like Deutsche Bank are falling short of capital requirements and losing trading business to the US banks.

Oct 07, 2015 2:31 AM EDT

Photographer unveils India's forgotten maze-like stepwells

Journalist Victoria Lautman has been known to discover the ignored stepwells in India for the past four years. And because of her obsession to uncover the forgotten historical aspect of India, she discovered over 120 stepwells in the country.

Oct 07, 2015 2:18 AM EDT

Mercedes-Benz self-driving truck began its road test in Germany's Autobahn 8

Daimler AG's first autonomous truck, the Mercedes Benz Actros, initially hit the public road in Germany. The automated truck is expected to be released in the 2020.

Oct 06, 2015 10:06 PM EDT

Toyota to launch driverless cars by 2020, unveils semi-automatic Lexus GS

Toyota Motor Corp has launched a new car Lexus GS making its entry into the market of self-driving cars. The Japanse automobile major is planning to launch three semi-automatic models this year. Toyota will also launch driverless cars by 2020, the year of Olympics in Japan.

Oct 06, 2015 9:55 PM EDT

US firms stash $2.1T overseas to skip tax at home

Major US companies prefer to keep their overseas profits out of the country to avoid taxes. It's estimated that 500 large Amercian companies hold $2.1 trillion accumulated profits in safe havens. To repatriate this amount, the US companies need to pay $620 billion in taxes.

Oct 06, 2015 9:48 PM EDT