Visa Inc's subsidiary Visa Europe is working on Blockchain-based remittance project. The Blockchain remittance system is expected to ensure speedy, hassle-free and low fee-based international remittances.

Nov 16, 2015 03:59 AM EST

ISIS is selling oil to enemy countries such as Israel and other nations including Turkey and Syria. ISIS is exporting Iraqi crude oil to Turkey refineries. It's estimated that ISIS is making over $1 million revenues a day through oil sale.

Nov 16, 2015 03:38 AM EST

Samsung's new smartphones Galaxy S7 and its sibling S7 Edge are reportedly on tests at AT&T network. This leak suggested that the phones will be launched earlier than expected, in January 2016.

Nov 16, 2015 03:20 AM EST

The top officials at US Federal Reserve are indicating a possible rise in interest rate in next December meeting if economic data is supportive. On the other hand, the rising dollar and weak global economy are impacting US exports, while easing pressure on imports.

Nov 16, 2015 03:05 AM EST

Alibaba Group, a China-based e-commerce major, is said to be in negotiations to acquire SCMP Group, which runs China Daily. Alibaba is investing in media companies.

Nov 16, 2015 03:01 AM EST

American online retailer Amazon, announced to launch its subscribers based prime scheme. Now the members would be offered the choice of 4000 daily essentials and out of which they can fill up their Pantry box as much as 20 kg for one-day delivery.

Nov 16, 2015 02:39 AM EST

Mark Zuckerberg explained the rarely Safety Check tool to enable people marked themselves as safe. Safety Check tools was activated after Islamic States' terrorist attack in Paris.

Nov 16, 2015 01:48 AM EST

Russian GDP fell 4.1% during the third quarter, but it slowed down when compared with the second quarter's drop of 4.6%. The Western sanctions, oil price drop and lower investment activity are taking a toll on the Russian economy. The oil and gas sector is a major contributor to the Russian economy.

Nov 16, 2015 01:16 AM EST

Uber has signed a global multi-year deal with Dutch mapping company, TomTom. Uber will use maps and traffic data from TomTom on its navigation for Uber drivers.

Nov 15, 2015 10:30 PM EST

With 5,500 veterans hired to date, Starbucks has surpassed the half-way mark toward its goal. But hiring is only one part of the story. Starbucks is on a mission to help bridge a disconnect between the military and civilians while honoring the service and sacrifice of veterans and military spouses.

Nov 15, 2015 10:00 PM EST

The treasury has sold worth £13bn of Rock Mortgages to a US private investment firm in what is being thought to be the biggest ever financial asset sold by the European government.

Nov 15, 2015 06:36 AM EST

McDonald's has dropped the plan of spinning off its real estate assets to Real Estate Investment Trust (REIT) and instead it'll focus on turnaround plan. The hamburger chain is also expanding its restarant network on franchise basis. McDonald's is also changing its menu list and process of products to alure more number of diners. It has also increased dividend payout to shareholders.

Nov 15, 2015 06:18 AM EST

The top six oil companies have combined warchest of $0.5 trillion to support takeovers. The world's top six oil companies are ExxonMobil, Chevron, BP Plc, Shell, ConocoPhillips and Total. With lions' share of $320 billion funds, ExxonMobil Corp is leading the list ot top oil comanies with huge liqudity in cash and stock.

Nov 15, 2015 06:04 AM EST

Kaering SA, parent company of brands such as Yves Saint Laurent and Gucci suing Alibaba Group Holding Ltd have asked a U.S. judge to be relieved of the obligation to mediate.

Nov 15, 2015 05:51 AM EST

Apple was recently granted a new patent to make its devices more water resistant. The invention will enable the device to repel water from speaker and microphone cavities.

Nov 15, 2015 05:36 AM EST