China President calls for punishing cyber hackers
China President Xi Jinping ahead of his US tour called for punishing the cyber hackers, while making it clear that his government doesn't engage in hacking. Our government wouldn't support Chinese companies engaged in such activity, Jinping said. Meanwhile, US National security advisor issues a warning to China for stopping state-backed cyber theft. The issue of cyber crime is likely to be main topic of disuccsion at the crucial meeting between Obama and Jinping.
Sep 22, 2015 6:18 PM EDT
Decline in drilling, oil prices up
The drop in oil inventories and shut down in drilling activity for the past 3 weeks have pushed oil prices upwards. Oil crude rose 4.5% to $46.68 per barrel and US Brent price rose $48.91 a barrel on Monday.
Australian banks close 13 bitcoin firms' accounts
Four Australian banks have closed down the accounts of 13 bitcoin firms following the stricter norms on anti-money laundering and terrorism finance. The Australian banks have already sent letters to 17 more bitcoin firms stating that their accounts will be closed down.
Broadband spread in SA unplugs 'video on demand' biz
With spreading of fibre optic broadband network in South Africa, many video on demand service providers are entering the market to explore the untapped potetnial. Already five companies launched their video on demand services. US video streaming giant Netflix may also enter the makret very soon.
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Apple Inc. targets Project Titan's shipment in 2019
Apple is pushing Project Titan to be ready in 2019. Current development includes adding 1200 employees to the team and having discussions with the DMV about autonomous car laws.
Sep 22, 2015 9:50 AM EDT
Bug delays Apple watchOS 2 software update
Many Apple Watch users are definitely excited to download the new operating system but to their disappointment the release was pulled out by Apple citing a critical bug that could cause huge technical problems. Apple Watch users have to wait for the notice on when it is already safe for the new software to download.
Sep 22, 2015 8:37 AM EDT
Career Women can Increase Impact, Influence and Income
Do not underestimate what women can do to the society and to the world. Women are powerful in their own right and can increase the growth of economy, influence others to do the right things and generate more income.
Sep 22, 2015 8:27 AM EDT
Apple meets with California regulators on self-driving car
Apple has met with regulators in California on autonomous vehicle regulations, fueling speculations it is developing a self-driving car. The company has been tight-lipped about the matter, despite a string of reports pointing to an Apple car project.
Sep 22, 2015 8:22 AM EDT
Foreign firms dominate Chinese robotic sector
Chinese firms are struggling to compete with foreign firms in the production of robots. This lead to domination of foreign firms in the China robotic market creating a loss for the country as they are shifting from labor work to automation work.
Sep 22, 2015 2:46 AM EDT
Google to unveil two new products on 29th September
Google Ceo, Sundar Pichai will be hosting his first Google event in its San Franciso office this coming 29th September. He is expected to unveil new Google Nexus and Google Chromecast during the event.
Sep 22, 2015 2:42 AM EDT
Jessica Alba's The Honest Company grants a 16-week paid maternity leave to its employees
Jessica Alba's co-founded company, The Honest Company, will provide paid parental leave to its workers starting 2016.
Sep 22, 2015 2:38 AM EDT
Diageo Plc to Raise Stake in Guinness Nigeria Plc of up to 70%, or $200M
Diageo Plc plans to raise its stake in Guinness Nigeria Plc to 70 percent, which is a deal worth $200 million.
Sep 22, 2015 2:33 AM EDT
Federal Reserve leaves the interest rate unchaged, causing panic among investors
Three major U.S indexes closed lower on Friday after the Federal Reserve decision not to change the interest rates after Thursday's meeting. The decision brings concern for investors as global economic is expected to continue its declining pattern.
Sep 22, 2015 2:30 AM EDT
Chinese firms sign L.A-Las Vegas high-speed rail project
After 10 years of working on the project, the high-speed rail link between Los Angeles and Las Vegas is taking off following the signing of a deal by a group of Chinese firms with XpressWest, a US company. The China President Xi Jinping is visiting the US, during his tour next week, the project will be announced.
Sep 22, 2015 12:00 AM EDT
Crisis-hit Puerto Rico takes up VAT route to shore up revenues
Caribbean islan Puerto Rico has decided to implement VAT system from 1 April 2016 onwards exempting its manufacturing industry from paying taxes on imports of raw materials. The new tax system has been designed with an aim of facilitating the much controversial $1.5-bn stimulus plan for reviving the ailing economy. The Islan has also increased sales tax.
Sep 21, 2015 11:11 PM EDT
Volkswagen might get fined $18 billion for 'defeat device' installation
Volkswagen might get penalized amounting to $18 billion for not complying with the Clean Air rules of EPA. The German trademark cars can be recalled by EPA since they have the authority to do so.
Sep 21, 2015 11:08 PM EDT
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