Handy Smart Wallet EKSTER Secures Belongings & Recharges Mobile Battery
Ekster, the calf leather built smart wallet, introduced by Kickstarter, Phorce appointed marketing agent, is witnessing a huge customer demand due to its unique features which include securing preserved cards through wi-fi, GPS tracking of lost device, super power storage capability as well as recharging to other devices.
Dec 16, 2015 6:25 AM EST
Google Unveils Designer Smartwatches, Info Personalized Android Wear
Google’s Tuesday’s announcement on bringing new designer watch faces to the Android Wear portfolio in collaboration with nine other crop designers, provides the users an opportunity to imagine smartwatches in more personalized and contextual manner.
Delhi Bans Diesel Car Registration: Bold Step in Tackling Climate Changes
Concerns over rising air pollution and keeping the coffers full- two major issues need to fight for, by the Delhi Government. But since air pollution has reached to its hazardous level, a single path left for Kejriwal government to choose. Suggestions to opt for petrol run car while discouraging diesel run cars, facilitating city dwellers with more transport buses on government’s behalf and ignoring lower price of diesel on citizen’s behalf, may be the effective measures while combating climate change.
Canada to Legalize Marijuana
Canadian Prime Minister Justin Trudeau is going to devise and implement a system to effectively legalize and regulate marijuana. In a step towards this Trudeau's administration repeated its pledge to legalize marijuana in a speech outlining its agenda as parliament resumes after the 19 October election. The government however will restrict the access to it to prevent misuse.
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Asian stocks rise on Wall Street gains
Tracking overnight gains on the US markets, Asian stocks rose on Wednesday. The market is looking to the decision of US Federal Reserve on interest rate. The recovery in oil prices and short covering were the major reasons for the rebound on Asian markets.
Dec 16, 2015 4:00 AM EST
Hong Kong stocks rebound from longest losing streak since 1984
Hong Kong stocks recovered from nine-session losses, the worst phase since July 1984. The market is eagerly waiting for the outcome of the US Fed meeting. The Chinese government has postponed the reduction proposal in retail petrol prices. The fresh rally in energy stocks boosted Hong Kong and China indices.
Dec 16, 2015 3:56 AM EST
Bosnia catching up for Arab investments
Bosnia, a southeast European nation, is attracting not only tourists from the Middle East region but also investors. Arabs are investing heavily in Bosnia's capital city Sarajevo. Bosnia is facing unemployment problem, which is at 40 percent. The country is still suffering from the impact of war. With Arab projects coming up in Bosnia, the tourism sector is set to emerge as an alternative to glamorous Swiss resorts.
Dec 16, 2015 3:40 AM EST
Indian indices rose ahead of Fed decision
Indian equities slipped into pressure as foreign investors pulled off heavily ahead of US Fed meeting. However, the benchmark indices recovered from six-year lows to end the trading on a positive note on Tuesday. The US Fed rate hike is discounted by India amid lower oil prices. Indian imports oil for its 80 percent of energy requirements. Fund managers are bullish on Indian markets for 2016. The surge in consumer prices is positing a tough task for RBI Governor Raghuram Rajan.
Dec 16, 2015 3:37 AM EST
Yuan at 4-year low against the US dollar
After being added to IMF's basket of currencies, Chinese Yuan fell for eight out of 10 sessions, recording its longest run of losses since June. The Chinese currency against the US dollar dropped to four-year low. However, it rose against 11 of 16 major currencies. Chinese central bank in a statement said that Yuan shouldn't be measured by its fluctuations only against the US dollar, but also against other major currencies.
Dec 16, 2015 3:01 AM EST
China restaurant charges diners for breathing unpolluted air
An eatery in Jiangsu Province, China, has charged customers an air cleaning fee on their food bills. The local government said that the fee is illegal and ordered the restaurant owners to fix their pricing system.
Dec 15, 2015 10:37 PM EST
AEP reaches settlement on coal-fired power plants in Ohio
AEP Ohio said that it has reached a settlement with Ohio state regulators and other parties for long-term contracts with its coal-fired generators. The agreement is expected to be ruled in early 2016.
Dec 15, 2015 10:31 PM EST
Deeper recession, faster CPI, higher rate squeezing Brazil
Latin American nation Brazil is suffering from rising inflation, unemployment and drop in economy growth. The Brazil's central bank is expected to raise interest rate in 2016 and this will further enhance borrowing costs putting more pressure on business and industry.
Dec 15, 2015 9:49 PM EST
Fashion Website Gilt To Be Sold for $250 Million: Hudson’s Bay is the Prospective Buyer
Gilt is into talks with Hudson’s Bay to sell off its business at $250 million. The value of Gilt group is surely slashed from where it was a couple of years ago. The deal is however yet to be finalized early in the coming year.
Dec 15, 2015 7:54 PM EST
Apple Inc Acquired the San Jose Chip Making Plant for $18.2 Million
The San Jose chip manufacturing facility plant is purchased by Apple Inc. for $18.2 million. The purpose of buying the plot is still not known. Samsung semiconductor is the new neighbor for Apple after this recent purchase.
Dec 15, 2015 4:38 AM EST
China leaves US, Japan behind in patent race
With 928,000 patent applications in 2014, China emerged as the leading country in the patent race, surpassing the US and Japan, which ranked at second and third positions respectively. China's patent applications rose 12.5 percent during the year, the US grew 1.3 percent, while Japan declined by 0.7 percent. The total number of patent applications in 2014 were 2.7 million.
Dec 15, 2015 4:00 AM EST
Baidu Self Driving Bus to Hit the Road in Three Years
Baidu Inc., the China Internet giant prepares its self-driving bus to hit the road in the next three years.
Dec 15, 2015 3:54 AM EST
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