The CEO of Renault-Nissan Alliance Carlos Ghosn stated that the electric vehicle is the practical and affordable way to reach the goal of a low carbon economy. The statement follows the COP21 event in Paris that goals to reduce gas emissions that cause climate change.

Dec 15, 2015 02:06 AM EST

Alibaba buys The South China Morning Post for approximately US$262 million. It is being said that that the business skill of Jack Ma, the founder of the internet giant Alibaba can surely help SCMP grow.

Dec 14, 2015 06:47 AM EST

The mayors of five West Coast cities held a summit in Portland last week to discuss the ideas to reduce carbon emissions in the cities. The mayors commit to forming a consortium for electric vehicles, to increase the use of EVs in the cities.

Dec 15, 2015 02:04 AM EST

The increasing volumes of global inventories are giving lesser chances for price rise on cotton. However, the cotton output in the US, China and India is expected to be lower this season. Hedge funds are bullish on cotton prices. Cotton has been doing well this year among other commodities. India is expected to be world's largest cotton producer during 2015-16 replacing China.

Dec 15, 2015 02:02 AM EST

Blackberry possesses 1% chunk of global smartphone market, but still manages to generate $192 million revenue or 41% of global sales from selling 8,00,000 units in Q2 of FY 2016. Blackberry eyes hefty profits by Q4 of FY16 through its unique security features and those include seeking information on developer’s certificate from the apps to be run in the device, which has recognized Blackberry as the forefront in ensuring secured phones that over rides price competitiveness.

Dec 14, 2015 04:14 AM EST

Qatar Airways first flight from U.S. ended in an embarrassing failure. Its new Airbus A350 failed to take off in New York's JFK Airport on Thursday.

Dec 14, 2015 03:19 AM EST

The FDA has received thousands on public comments about the use of "natural" labels on foods. The agency asks the public to comment on food labelling until February 10 next year.

Dec 14, 2015 03:28 AM EST

The MIT's Reality Editor application will give complete control over the smart gadgets in their households.

Dec 21, 2015 11:51 PM EST

The Colombian central bank is likely to hike interest rate in its meeting on 18 December. The central bank in its previous three meetings raised the interest rate. The Colombina economy is growing at faster rate than any Latin American economy. However, Colombia is still suffering widening gap of current account deficit.

Dec 13, 2015 09:47 PM EST

The wide-body, long-range jumbo jets are facing tough competition from new age turbofan engine technology. The new mini-jumbo jets with twin-engines and fuel-efficient offer long-haul flight. Relying on these turbofan engined aircraft, many airlines are switching away from the hub and spoke model, which has been more dependent on jumbo jets. Changes in regulations and business dynamics are seeing the days of heavy jumbo jets numbered. Airbus and Boeing suffer from lack of new orders for their wide-body aircraft.

Dec 13, 2015 10:11 PM EST

Prismatic declared that it will no longer be available for iOS, Android, and web news reader products

Dec 15, 2015 03:41 AM EST