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Articles by Staff Writer

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Licensed Drivers Required for Self-Drivings Cars in California

California, the largest car market in the United States, rules for self-driving cars, on Wednesday requiring a licensed driver inside the vehicle in case of failure in a plan that stresses safety. The regulations by the Department of Motor Vehicles (DMV) are intended to help nurture the State's nascent but fast-growing autonomous vehicle technology industry while allowing traditional car companies and new entrants like Alphabet Inc and Apple Inc to safely deploy their self-driving cars already in development.

Dec 18, 2015 3:43 AM EST

Dot One made it possible to wear your DNA as a scarf

Dot One is the company owned by Iona Inglesby, which is selling a scarf with a print of an individual genetic code. The process involves the person to swab the inside of the cheek to provide DNA sample. Inglesby says that this product has enabled them to highlight the science behind the genetics.

Dec 17, 2015 10:36 PM EST

California set out policies for Google's driverless cars

Google is working hard to bring driverless cars on roads as soon as possible. But California has announced a new set of regulations, which includes the presence of licensed driver on the front seat and special certification. The technology Roll-out is expected to get delayed till 2017 at least.

Dec 17, 2015 10:27 PM EST

Facebook, Google and Twitter Agrees to remove hate speech in Germany

Recent attacks on Syria have caused more than 1 million influx of refugees in Germany, leading to hateful comments on social media. However, Facebook, Google and Twitter have approved the request to erase all the racist comments on their platforms within 24 hours. Due to Germany's Nazi past, the country does not tolerate racist hate speech.

Dec 17, 2015 10:14 PM EST

After the Outbreak, Chipotle Struggles To Find Alternative Food Peparation Method

After a devastating series of food poisoning in its restaurants nationwide in 2015, Chipotle has to change their food preparation practice.

Dec 17, 2015 9:54 PM EST

The Aftermath of China Smog Red Alert

For the first time in since adopting the four-tier emergency response program for air pollution, last week Beijing issued red alert for smog as the air pollution in China get worse.

Dec 17, 2015 9:51 PM EST

Orders from Obama Administration: The Colorado Marijuana Lawsuit Rejected by the Supreme Court

Obama administration supports Colorado and asks Supreme Court to reject the neighboring state pleas. The marijuana legalization is supported by the Obama administration in this case.

Dec 17, 2015 9:43 PM EST

Deutsche Wohnen CEO warns Vonovia $10.9 Billion hostile Bid to Fail

Deutsche Wohnen warned its shareholders that the Vonovia SE $10.9 billion hostile takeover on the company will fail.

Dec 17, 2015 9:04 PM EST

China's Oukitel to Launch smartphone with a battery life of 10 - 15 days

Chinese phone manufacturer Oukitel will launch its K10,000 phone That has a 10,000 mAh battery capable of lasting up to 15 days on a full charge.

Dec 17, 2015 9:02 PM EST

Amazon pulls out hoverboards, questions safety, after fire-related incidents

After a series of hoverboard fire incidents made it to the headlines, Amazon is pulling out the device from its store and is questioning its standards.

Dec 17, 2015 9:01 PM EST

U.S. bombing on ISIS oil facilities finally taking toll

US-led bombing on ISIS oil facilities is finally taking effect, bringing the terrorist group’s $500 million a year income from this business down to only a fraction.

Dec 17, 2015 8:12 PM EST

New Zealand Economy grows faster Than Q3 Forecast

New Zealand's economy grew 0.9 percent in the third quarter, faster than what was expected by economists. It was buoyed by greater spending in the manufacturing and retail sector.

Dec 17, 2015 8:09 PM EST

EBay to Set Up outposts in Shopping Malls to help people sell gift they didn't want after Christmas

To gain more sellers and help people sell their unwanted Christmas gifts, eBay will be setting up physical shops in Westfield Malls on December 26 to 27.

Dec 17, 2015 8:08 PM EST

Wells Fargo Donates $50,000 for San Bernardino shooting victims

Wells Fargo & Company announced Tuesday that it will give $50,000 to the San Bernardino United Relief Fund to help the families of the victims of the shoot out.

Dec 17, 2015 8:07 PM EST

Soon to Come: Droneport, Airport for Drone

Aerodrome will build the world first droneport in the Boulder City, Nevada. This facility is approved by FAA for training and certification of drone pilot.

Dec 17, 2015 7:09 AM EST

Groove to the Rhythm: Sonos Speakers Start Supporting Apple Music though, on Beta

Sonos is supporting the Apple Music on Beta version. The ultimate version of the integration is supposed to launch early next year.

Dec 17, 2015 6:49 AM EST

Cigarettes Losing Popularity: Marijuana, the Preferred Choice for the Teens

The cigarette smoking has reduced by 55% in last 5 years. This is the first time that the reports showed an increase in daily marijuana consumption outshining cigarettes in the last 4 decades.

Dec 17, 2015 6:17 AM EST

Last Minute Festive Shopping With Amazing Holiday Deals from Blackberry

The eCommerce store for Blackberry has launched the special festive holiday promotions starting from 15th December, 2015 afternoon. Grab the last minute gifts for Christmas and New Year from the official Blackberry online store.

Dec 17, 2015 6:14 AM EST

Fed Increases Benchmark Rate: Aftermaths For Local as well as Global Consumers

Federal Open Market Committee, policy making body on behalf of Federal Reserve Bank, central bank of the world’s largest economy, has started to approach through a new path after around a decade with announcing its decision to raise short term benchmark by a quarter points. The rate hike will directly affect the short term debt holders while mid and long term borrowers will suffer with its gradual aftermaths.

Dec 17, 2015 4:29 AM EST

Global average Internet speed Grew to 5.1 Mbps while Only 5.2% Broadband Connected: Q3Y2015 Akamai Report

Akamai, the global leader in Content Delivery Network (CDN) services, aims to make internet faster and furnishes quarterly matrices on state of internet speed. The third quarter report for the year 2015 addresses the global average internet speed as 5.1 Mbps while only 5.2% internet users are Broadband connected.

Dec 17, 2015 4:26 AM EST

Frutarom buys Wiberg: Raises its sales target to $2 billion by 2020

Israel’s Futarom, leading flavor and fine ingredients maker has announced that it is to acquire Austrian savory flavor maker Wiberg for $130 million. Futarom has aimed its sales target to $2 billion by 2020.

Dec 17, 2015 4:21 AM EST

Seattle passes law: Uber and Lyft drivers to form Unions

Seattle City has become the first in the nation to pass a bill allowing Uber, Lyft and other ride-hailing services to form unions over pay and working conditions.

Dec 17, 2015 4:07 AM EST

Kleppierre join hands with Entra: Oslo Shopping Center to be bought for $578 million

Kleppierre, jointly with Entra has signed a sale and purchase agreement to acquire Oslo Shopping Center. The companies have agreed to buy the shopping center for $578 million.

Dec 17, 2015 4:03 AM EST

Pravin Gordhan returns as new Finance Minister: South Africa’s banking index goes high

South African President Jacob Zuma has decided to reappoint Pravin Gordhan as Financial Minister after removing David van Rooyen from the position. Gordhan will take over this position again which he had held previously for five years. Following this, shares in South Africa’s banking index surged to 15 percent.

Dec 17, 2015 3:54 AM EST

Major U.S. Banks Raise Prime Rates After Federal Reserve Hike

Major U.S. banks raised their prime rates, a benchmark for a wide range of consumer and commercial loans, for the first time since 2006 on Wednesday, following a rate hike from the Federal Reserve. While the Fed has no direct influence on the prime rate, it is typically closely correlated to changes in the target federal funds rate.

Dec 17, 2015 3:51 AM EST

US housing surges 10.5% in November

The US housing activity rose 10.5 percent in November. The construction activity in the single-family housing touched eight-year high. Builders turned optimistic on the US housing market. The mortgage rates are set to go up after the US Federal Reserve hiking the interest rate.

Dec 17, 2015 3:50 AM EST

Third Avenue Management Obtains Exemptive Relief for Focused Credit Fund

Third Avenue Management LLC ("Third Avenue" or the "Adviser"), an investment adviser to private and institutional clients, today announced that the Adviser and the Third Avenue Focused Credit Fund ("FCF") have obtained exemptive relief from the Securities and Exchange Commission ("SEC") to continue to protect shareholders of FCF following modification of the Plan of Liquidation for FCF.

Dec 17, 2015 3:40 AM EST

Russia's Ukraine bond is official sovereign debt: IMF

IMF's board has confirmed that Russia's holding of Ukraine bond is sovereign debt, but not a commercial bond. The due date on payment of Ukraine bond is 20 December. Russia is gearing up to take legal action if Ukraine doesn't pay within a 10-day grace period.

Dec 17, 2015 3:36 AM EST

No new Boeing 747 for Air Force One: Congress

The U.S. White House decided to delay Boeing 747 order for the new Air Force One upgrade to fiscal 2017. The congressional negotiators provide less than expected spending bill for the presidential aircraft

Dec 17, 2015 3:34 AM EST

Messaging Startup Slack Launches App Directory And Creates $80 Million Fund to Invest in Other Startups

Slack Technologies, a Silicon Valley company which owns team communication app Slack announced that it has launched a third-party App Directory aimed at being the de facto source for certified integrations. Slack is also forming an $80 million venture fund to invest in other startup funds. Slack has also reveals that it now has 2 million daily active users, a 16 percent jump from October, when the service had 1.7 million users. It also now has 570,000 paid seats, up from 470,000 two months ago.

Dec 17, 2015 3:30 AM EST

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