News


Latest News


Kia Self Driving Car Will Roam Nevada Road

Nevada public road will see a KIA car without driver roaming the road as the Korean company obtain a license to test its autonomous driving technology.

Dec 15, 2015 3:52 AM EST


Despite BG takeover, Shell to slash jobs

Royal Dutch Shell is keen on slashing jobs by 2,800 as part of its cost reduction exercise. Shell is acquiring BG Group Plc in a £40-billion takeover, for which it has received all the required regulatory approvals. However, considering the lower oil price, shareholders raise questions that offer is overpriced for BG Group plc. The acquisition deal is poised to be over by early 2016.

Dec 15, 2015 3:42 AM EST


Prismatic will shut down its news app for iOS, Android and Web

Prismatic declared that it will no longer be available for iOS, Android, and web news reader products

Dec 15, 2015 3:41 AM EST


Airbus owners reach out future operators for Singapore Airlines’ planes

The owners of five Airbus' A380s leased to Singapore Airlines seek for potential future operators for the planes as the Airlins is still mulling whether to extend the leases.

Dec 15, 2015 3:36 AM EST


Asian stocks trade lower on thin volumes; Oil below $36/ bbl

Asian stocks were trading lower ahead of US Federal Reserve meeting, which will be held during 15-16 December 2015. Barring Shanghai index, all Asian indices ended lower on thin volumes. Oil price slipped below $36 a barrel. Japanese Nikkei index dropped to 10-week low. The Wall Street ended withlosses last week.

Dec 15, 2015 2:08 AM EST


West Coast mayors will form consortium to build highway for electric vehicles

The mayors of five West Coast cities held a summit in Portland last week to discuss the ideas to reduce carbon emissions in the cities. The mayors commit to forming a consortium for electric vehicles, to increase the use of EVs in the cities.

Dec 15, 2015 2:04 AM EST


Cotton piles up at warehouses globally

The increasing volumes of global inventories are giving lesser chances for price rise on cotton. However, the cotton output in the US, China and India is expected to be lower this season. Hedge funds are bullish on cotton prices. Cotton has been doing well this year among other commodities. India is expected to be world's largest cotton producer during 2015-16 replacing China.

Dec 15, 2015 2:02 AM EST


Combating Pollution in China with Smartphone App

Smartphone applications and devices can now be utilized allowing citizens in China in monitoring pollution.

Dec 14, 2015 8:24 PM EST


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.

Dec 14, 2015 5:17 AM EST


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.

Dec 14, 2015 5:09 AM EST


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.

Dec 14, 2015 4:23 AM EST