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.

Dec 10, 2015 01:57 AM EST

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 01:52 AM EST

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 01:35 AM EST

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 01:00 AM EST

The Finnish government is planning to introduce a tax-free monthly payment of $865 to all adult Finns. The payment will be made regardless of their income or employment status and would replace other benefits.

Dec 10, 2015 09:46 PM EST

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 09:53 PM EST

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 01:48 AM EST

A California Highway Patrol Helicopter almost collided with a drone last Saturday in Contra Costa County.

Dec 08, 2015 07:18 AM EST

President Obama’s recent terror threat speech seeks the help of Silicon Valley to stop recruitment and promotion of terrorist groups’ violence over social media.

Dec 08, 2015 06:12 AM EST

The consumer spending slowed down in October. The latest data from the US Federal Reserve indicated the cautious approach of American consumers ahead of major shopping season in the country. The consumer spending rose $15.98 billion to $3.5 trillion in October as against $38.5 billion growth registered in September. The auto and student loans propelled the consumer growth in October.

Dec 08, 2015 05:04 AM EST