Jia Yueting's Faraday Future to Build $1 Billion Electric Car Factory in Nevada
Faraday Futures, Tesla strongest competitor will establish its $1 billion plant in Las Vegas. Backed by Chinese media mogul Jia Yueting, the company will reveal its car in CES electronic trade show in January.
Dec 14, 2015 7:06 AM EST
Australia To Fund Wind Power Again; Turnbull Lifts Abbot's Ban
Australian Prime Minister Malcolm Turnbull has lifted former PM Tony Abbott's ban on government investment on wind power.
BNP Report: Alibaba Can Expand Operations with $38B in 2016
A report from BNP Paribas estimates that Alibaba will have $38 billion to expand their operations next year.
A Rare Find: 1970 Ford Mustang Boss 429 found in junkyard
Keith Clark found a very rare real 1970 Ford Mustang Boss 429 back in a junkyard back in 1975 and bought it for just two grand.
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Blackberry Backs to Tracks: Forefronts Secured Androids
Blackberry possesses 1% chunk of global smartphone market, but still manages to generate $192 million revenue or 41% of global sales from selling 8,00,000 units in Q2 of FY 2016. Blackberry eyes hefty profits by Q4 of FY16 through its unique security features and those include seeking information on developer’s certificate from the apps to be run in the device, which has recognized Blackberry as the forefront in ensuring secured phones that over rides price competitiveness.
Dec 14, 2015 4:14 AM EST
Talks about U.S. confiscated property in Cuba begins
Faced with sorting out nearly six decades of financial claims and counterclaims against one another that run into the hundreds of billions of dollars, diplomats from the United States and Cuba resorted on Tuesday over one of the most contentious issues remaining between the two countries. The two sides are sitting down for the first time to discuss the American properties Cuba confiscated decades ago.
Dec 14, 2015 4:00 AM EST
Paris Talks: All is well for India in deal, except coal line
India’s coal plans came under repeated attack from developed nations and western media during the two-week climate change conference in Paris. India mostly agrees with the Paris agreement to make a transition to renewable energy. But the inclusion of one line in the article dealing with the deal’s purpose might prove to be a big irritant in its plans to build coal-fired power plants
Dec 14, 2015 3:54 AM EST
Public comments flood in as FDA seeks the meaning of “natural” in food labels
The FDA has received thousands on public comments about the use of "natural" labels on foods. The agency asks the public to comment on food labelling until February 10 next year.
Dec 14, 2015 3:28 AM EST
Embarrassing Qatar Airways Debut Flight in the U.S.
Qatar Airways first flight from U.S. ended in an embarrassing failure. Its new Airbus A350 failed to take off in New York's JFK Airport on Thursday.
Dec 14, 2015 3:19 AM EST
DraftKings and FanDuel got temporary reprieve after operations got suspended in New York
A Supreme Court Appellate Division judge gave daily fantasy sports giants DraftKings and FanDuel temporary reprieve to continue its operations in New York until January 4.
Dec 14, 2015 3:11 AM EST
China's oil processing up as plants' operations resume
China’s crude processing surged to record high as the country’s refineries restarted producing up to 10.73 million barrels per day.
Dec 14, 2015 2:59 AM EST
Jumbo jets may be heading to extinction amid changes in regulations, business dynamics
The wide-body, long-range jumbo jets are facing tough competition from new age turbofan engine technology. The new mini-jumbo jets with twin-engines and fuel-efficient offer long-haul flight. Relying on these turbofan engined aircraft, many airlines are switching away from the hub and spoke model, which has been more dependent on jumbo jets. Changes in regulations and business dynamics are seeing the days of heavy jumbo jets numbered. Airbus and Boeing suffer from lack of new orders for their wide-body aircraft.
Dec 13, 2015 10:11 PM EST
Colombian central bank hints at rate hike
The Colombian central bank is likely to hike interest rate in its meeting on 18 December. The central bank in its previous three meetings raised the interest rate. The Colombina economy is growing at faster rate than any Latin American economy. However, Colombia is still suffering widening gap of current account deficit.
Dec 13, 2015 9:47 PM EST
Congress to abolish crude export restrictions, oil refiners to receive $3 a barrel tax break
Forty year old oil export restrictions to be lifted in exchange of tax credit conditions from the Democrats.
Dec 13, 2015 9:45 PM EST
On-demand parking service Luxe offers subcription options
Luxe, a parking service app, now offers a subscription option for consumers who frequently use the valet parking service. Starting at $139 per month, Luxe claims that its subscription service is up to 40% cheaper that current monthly parking option.
Dec 13, 2015 9:35 PM EST
Ted Cruz Campaign collects psychological data from Millions of Facebook users
US Presidential Candidate Ted Cruz collected massive psychological data from unwitting US Facebook users to boost his position in the presidential race.
Dec 13, 2015 9:34 PM EST
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