Chennai floods leave everyone in deep water
The recent floods devastated the living conditions for people in Chennai and its surrounding districts. The industrial and business hubs have been affected resulting in trillions of crores of rupees loss. Insurance companies have been flooded with claims indicating a decade high volume.
Dec 10, 2015 3:09 AM EST
Gas powered cars to be banned in eight US states and five countries by 2050
Eight U.S. states and five countries across the world announced the commitment to allow the automakers to sell only zero emissions vehicles by 2050. They will ban gas-powered vehicles to cut global vehicle emissions by 40 percent.
ISIS generating $80 million revenues a month
ISIS is believed to have been generating $80 million revenues a month from oil production and smuggling in addition tother finding options. ISIS is also taxing people in areas it controls. The oil income accounts for over 40 percent of the total revenues for ISIS, which is generating income from six funding channels.
China's capital outflows tripling in November
China has been suffering from the increasing capital outflows, which tripled in November to $113biillion in November from $37 billion in October. The concerns about further depreciation in Yuan were the prime reasons behind the surge in capital outflows. The weaker Yuan will add competitiveness to exports, opine some economists.
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Jakarta greenlights Uber operations
Uber has received approval from Jakarta government to operate legally in the Indonesian capital, as long as it meets tax rules and other requirements from the government.
Dec 10, 2015 1:52 AM EST
Norovirus outbreak in Seattle sickens 200 people
About 200 people have become infected by norovirus after attended a catered event at a downtown Seattle's Russell Investments Center. The health officials have closed all food vendors in the Seattle office building.
Dec 10, 2015 1:48 AM EST
Airbnb confirms $1.5 billion fund raising round
The US-based home-sharing startup Airbnb has confirmed that it closed $1.5 billion fund-raising round in a filing to SEC. The latest round puts Airbnb's valuation at $25 billion. The home sharing services provider boosted its forecast for revenues to $900 million for 2015. Airbnb is planning to expand globally.
Dec 10, 2015 1:35 AM EST
South Africa's inflation up at 4.8% in November
South Africa's inflation rate was 4.8 percent in November from 4.7 percent in October. The inflation rate indicated its highest since July. The currency Rand continuous fall against the US dollar is further adding to inflation. South African economy narrowly missed the second recession in six years.
Dec 10, 2015 1:31 AM EST
Catholic Church Prelate Suggests Birth Control can be the Ultimate Solution to Climate Change
Have you ever thought that birth control or so-called family planning can help control climate change? Believe it or not, the truth is the larger the population will be, the tougher the life will become. Hence, Church authorities decided to join UN climate change meet to raise the voice.
Dec 10, 2015 12:40 AM EST
Air France suffers €50-million loss after terror attacks on Paris
Air traffic was drastically hit by the terrorist attacks on Paris in November. Air France-KLM is believed to have suffered €50-million revenue loss for the month. However, the French-Dutch group is optimistic about recovery by the end of December 2015.
Dec 09, 2015 10:33 PM EST
XSTAT-30 Gets FDA Clearance to Heal the Gunshot Injury Within Seconds
The XSTAT 30 is a special device created to offer instant treatment to the citizens during severe bleeding, shock, and trauma. The FDA has approved its use for civilians which were earlier used for the military purposes.
Dec 09, 2015 7:52 AM EST
Target Launches the Future of Retail with the First Ever Cartless Shopping
An introduction of the first ever cartless shopping by Target in their Wonderland store situated in downtown Manhattan. This is an all new set up to help the customers with a trouble free shopping.
Dec 09, 2015 4:32 AM EST
Bewildered Police found Thousands of Euros Floating in Danube River
A mystified case happened in Vienna, Austria when some bystanders reported to the police about a boy jumping into the river Danube. Police were baffled to find out that the boy was actually trying to save more than 100,000 euro banknotes floating in the river water.
Dec 09, 2015 1:00 AM EST
Newell Rubbermaid and Jarden’s Plan to Merge Can Lead to Growth
Newell Rubbermaid and Jarden Corp. are in talks to combine their businesses. WSJ first reported this speculative news by an anonymous source. Soon after this news, the stock and share market of these companies reached sky-high.
Dec 08, 2015 9:53 PM EST
A Close Call: Police Helicopter Avoid Crash with a Drone
A California Highway Patrol Helicopter almost collided with a drone last Saturday in Contra Costa County.
Dec 08, 2015 7:18 AM EST
Hoverboard is Forbidden on Airplane Due to Battery Issue
Some airlines banned hoverboard on-board their plane due to its lithium-ion battery. Some fire accidents and unknown risk regarding its battery raise serious concern regarding hoverboard.
Dec 08, 2015 7:09 AM EST
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