Women's apparel, furniture sales lead 7.9% rise in US holiday retail sales: MasterCard
The 2015 US holiday season witnessed an encouraging growth of 7.9 percent, says MasterCard. Women's apparel and furniture sales helped the overall sales volume to swell. The growth rate in 2014 holiday season was 5.5 percent.
Dec 29, 2015 9:11 AM EST
Elbit lands $70 million deal for airborne electronic warfare system
Israeli defense firm Elbit System was awarded a $70 million deal by the Directorate of Production and Procurement of the Israeli Ministry of Defense to supply airborne electronic warfare systems. Elbit will install its electronic warfare systems on Israeli Air Force jets over the next five years.
Volkswagen's Audi slows down spending plan 2016
German auto major Volkswagen has trimmed its investment plan for 2016. It has also decided to postpone the new wind tunnel project by one year. Audi division has decided to invest in plant and equipment.
Japan stocks rise on steady US futures
The Japanese stocks gained marginally on stable US equity-index futures in the first session of the last trading week of 2015. Ending its longest run of weekly losses in the past two years, the Topix index also moved up. Samsung Group stocks weighed on South Korea's Kospi index pulling it lower.
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Oil price slid below $37; fell over 11% this month
Oil price again fell below $37 per barrel and is trading 11 percent lower in December. The slump in Chinese demand and oversupply situation in the global oil market are keeping pressure on oil prices. The shale production in the US is easing off in the wake of continuous drop in oil price.
Dec 29, 2015 7:34 AM EST
Toyota unveils the ultimate Toyota 86 GRMN racing car
Toyota motorsports division has unveiled a new concept of racing car, Toyota 86 GRMN. The car combines a turbocharger and a scroll supercharger for excellent performance. The 86 GRMN will be on sale in Japan only.
Dec 29, 2015 7:21 AM EST
Amazon Prime get 3 million new subscribers during the Christmas week
The online retailer says it sold 3 million Prime memberships in the week before Christmas. The latest figure marks a huge increase for the company and the company even described it as their busiest Christmas to date.
Dec 29, 2015 7:20 AM EST
The next generation of Google Glass is the real deal
The new Google Glass, dubbed "Enterprise Edition", has been revealed by a filing to the U.S. FCC. The new device will be foldable, waterproof, and more durable.
Dec 29, 2015 4:56 AM EST
Colombia Claim Spanish Treasure Ship Sunk in 1708
San Jose, the jewel of Spanish crown sunk in 1708 in Colombia coast. After years of claim with American group, Colombia recently announced that it has found the shipwreck last month.
Dec 28, 2015 10:24 PM EST
Russia Says Saudi Arabia Destabilized Oil Market
Continuous plunge of oil price has created an unrest in oil production countries. Russia says the act of Saudi Arabia in increasing its production to flood the market is the main cause of oil price turmoil.
Dec 28, 2015 10:15 PM EST
Texas Cuts Funding for F1 Racing, But FIA Wants More Race in U.S.
Texas governor cut the funding to Formula One race in its state. On the other hand, the Formula One governing body wishes to have more race in U.S.
Dec 28, 2015 10:02 PM EST
Wrong Direction: Malaysian Airlines flight took a detour
Malaysian Airlines flight from Auckland to Kuala Lumpur flew in a slight detour during their christmas day flight. No accident occur during the event as the pilot managed to inform the ground control and stay under the radar all the time.
Dec 28, 2015 9:26 PM EST
Iran exports news halts 3-week run of price rise for oil
The trouble-hit Iran has reiterated that it'll take the exports to the pre-sanctions level after the sanctions are lifted. This has curbed the three-week streak of oil price rise. The oil price rose encouraging for the first time since April.
Dec 28, 2015 9:21 PM EST
The world’s first true hoverboard is now available to pre-order for $20 K
Spacecraft company Arca Space announced the world's first true hoverboard, the ArcaBoard. The fan-powered board can lift a person one foot off the ground.
Dec 28, 2015 4:22 AM EST
Afghanistan is Still The World's Largest Opium and Heroin Producer
Afghanistan is still the largest producer of opium in the world. Area where Taliban has a strong presence has been the main supplier for the world's opium.
Dec 28, 2015 4:14 AM EST
China passes new controversial anti-terrorism law
China’s legislature passed a controversial new anti-terrorism law that allow the government to request for sensitive information from technology firms. Among the information that could be requested includes encryption keys for individual data.
Dec 28, 2015 4:03 AM EST
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