Sensor Laden Intelligent Lighting System Supersedes LEDs
Intelligent lighting, an automated mechanism that allows the lights to move and create complicated color effects in a bid to thematic color changes, have driven away traditional lighting systems from the market. The intelligent, networked, sensor laden lights are going to form the central nervous system of every building and eventually approaching towards changing the existing communication modules through adoption of this technology.
Dec 21, 2015 8:04 AM EST
US warns again Alibaba over selling counterfeit goods
Chinese e-Commerce major Alibaba Group has been served another warning letter by the US Trade Representative Office for selling counterfeit goods. The US officials in a latest report said that several brand owners were complaining about Alibaba Group for selling fake goods online. The US officials warned Alibaba that if it doesn't check the problem, it would be added to list of notorious markets for fakes.
Credit Suisse gets nod for Irish branch
As part of its restructuring plan, Swiss banking major Credit Suisse is setting up its branch in Ireland. It has received regulatory approval for opening its branch. The bank will move its 100 employees to Dublin from London office. It'll also slash 2,000 jobs.
Oil slips below $35 on worsening supply glut
Oil price fell further and was trading below $35 a barrel on worsening the oversupply. The latest decision by US Federal Reserve to hike interest rate is also making oil expensive for weaker economies. The surging US dollar is further putting pressure on oil price.
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The New Apple TV with Microphone on Remote, Introduced by Siri Saves You $10
Apple has launched its new version of Apple TV with Microphone on Remote, introduces Siri. Apple has unveiled its new version of Apple TV with Microphone on Remote feature, introduces Siri.
Dec 21, 2015 7:43 AM EST
Tesla CEO Musk suggests California to push Volkswagen to electric cars
The automobile industry leaders and experts have written a letter to California regulator asking it to confine Volkswagen to making of electric vehicles only as a punishment for cheating the customers and violating the US emissions laws. Tesla CEO Elon Musk and others signed the letter. They opine that fixing the software involves lots of money and could also lead to technical problems further.
Dec 21, 2015 5:49 AM EST
Aussie billionaire James Packer quits board amid drop in gambling revenues in Macau
James Packer, an Australian billionaire, has left the board of Crown Resorts Ltd as Chairman. Crown Resorts is suffering from a drop in gambling revenues in Macau. Packer will continue as co-Chairman of Crown Resorts. Packer has decided to focus on development projects in the US and Australia.
Dec 21, 2015 3:51 AM EST
US gasoline slips below $2; at 6-year low
The US gasoline average retail price slips below $2 per gallon as oversupply position in the global energy sector continued. The gasoline price at $1.999 per gallon is indicating its lowest in over six years. The US economy is witnessing a rare combination of falling price and rising demand. The recent decision by Opec not to reduce production level is keeping more pressure on global oil price.
Dec 21, 2015 3:47 AM EST
Packer is in discussion to take Crown's assets private
James Packer’s Consolidated Press Holdings is in speculation that it was going to team up with private equity and take parts of Crown Resorts private. The circulated news cause its share price to soar higher and was query by the Australian Stock Exchange.
Dec 21, 2015 1:25 AM EST
Secret Santas pay $484,000 for Walmart layaway shoppers in three states
Mistery Santas gave Christmas gifts to Walmart's shoppers in three states by paying off their layaway orders. The total amount of anonymous donations reached $484,000.
Dec 20, 2015 9:51 PM EST
Is the Fed hike the silver bullet that can bring economic prosperity back?
The US Federal Reserve has increased the interest rate by quarter percentage. Will it bring back the economy to normal, asked the economists. Purely linking interest rate hike, inflation and oil price drop doesn't serve the purpose., caution economists. There's also associated risks for emerging markets as well, caution economists.
Dec 20, 2015 9:31 PM EST
Fiat Chrysler buys emission credits from rival auto majors
Fiat Chrysler Automobiles NV has purchased 5.5 million emission credits from Toyota and Honda. Another one million credits from Tesla. Fiat Chrysler ended 2014 with a credit balance and without this purchase also, it would have been emission compliant, according to a report from the Environmental Protection Agency. Fiat Chrysler ranks last in fuel efficiency when compared with rival auto majors.
Dec 20, 2015 9:23 PM EST
Brazil Judge lifts 48-hour ban on WhatsApp
A Brazilian judge lifted the 48-hour ban on phone-messaging app WhatsApp in the country. The 48-hour ban on phone-messaging app WhatsApp in Brazil, which caused users in the country to switch to Telegram, was lifted.
Dec 20, 2015 4:46 PM EST
Brazil's unemployment rate down 7.5% November, surprising analysts
Brazil's unemployment rate went down 7.5 percent in November, whichis lower than the 8 percent that 37 analysts from Bloomberg expected.
Dec 19, 2015 1:56 AM EST
Star Wars fan goes on epic rant after Egypt cancelled the movie due to faulty copy
IMAX Theatres in Egypt cancelled the screening of Star Wars: The Force Awakens sending one fan into an epic rant against the theatre company.
Dec 19, 2015 12:45 AM EST
Village Doctor in Cambodia Infected 280 People with HIV
Unlicensed doctor infected 280 people in Cambodia with HIV because of reusing the syringe. Cambodia has its own style of medical treatment, which almost everyone that sees a doctor or come to a hospital will be given an injection or intravenous drip.
Dec 18, 2015 10:15 PM EST
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