5.6 Million U.S Federal Officers' Fingerprints were Stolen
OPM changes its statement saying that some 5.6 million fingerprints were stolen by hackers when they attack the agency last spring instead of 1.1 million. The stolen data involved U.S government officials including from Defense Department.
Sep 24, 2015 8:12 AM EDT
Winterkorn resigns as Volkswagen CEO
Martin Winterkorn's contract as VW CEO extends until 2018 as agreed upon by the VW's supervisory board despite the controversial emissions scandal. This Friday was the scheduled formal approval.
Volkswagen CEO steps down; US may slap $18B penalty
The latest scandal of Volkswagen in rigging emission norms results is rocking the Germany business and political factors. Volkswagen has taken up crisis management measures and its CEO Martin resigned and many more to follow the suit. The US environment protection agency may slap a hefty fine of $18bn on Volkswagen if its role in manipulating emission results is proved.
Boeing factory will soon land in China
A new Boeing factory will be opened soon in Zhoushan, China for its 737 jetliners. The submitted proposal still needs approval of the State Council as well as the China's cabinet to have the country do the painting of airline company's top-grossing jetliners.
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Leonardo DiCaprio fights global warming by divesting from fossil fuel industries
Leonardo DiCaprio along with 2,000 other individuals and 400 institutions pledged to divest their fossil fuel holdings in a move to reduce climate change.
Sep 24, 2015 2:20 AM EDT
Swiss Re to buy Guardian Financial Services for $2.45B
Swiss Re's Admin Re is buying the UK-based Guardian Financial Services for $2.45billion. The acquisition deal is expected to be complete by early next year. Admin Re will get 900,000 annuity and over four million policies in the UK after the acquisition.
Sep 24, 2015 2:16 AM EDT
Volkswagen scandal is gaining steam
Volkswagen Group is the biggest car manufacturer in Germany with three brand under its management including Audi, Porsche and Lamborghini. The latest scandal might be costly for the company but its effect will not be everlasting.
Sep 24, 2015 2:11 AM EDT
Apple’s API for ad blockers is a threat to Google and web publishers
Apple had made it easy for developers to create ad blockers. Reports say this is a threat to Google and web publishers.
Sep 24, 2015 2:03 AM EDT
China's manufacturing PMI at 78-month low
The preliminary Caixin China manufacturing purchasing managers' index (PMI) dropped to 47 for September indicating further alarming situation in the factory output. The PMI was 47.3 in August. Any level below 50 indicates deceleration in the economy activity.
Sep 23, 2015 10:26 PM EDT
China joins US in fight against cyber crime
President Xi Jinping said in his closing speech in Seattle that China is ready to set up a joint force to combat cyber crimes. He gave this assurance to tech company executives attending a closed-door meeting.
Sep 23, 2015 10:21 PM EDT
EU's proposal on refugee quota evokes mixed reaction
Airming to resolve the refugee crisis for European nations, EU has prepared a proposal with quota sharing on 120,000 immigrants among 28 members. Germany and other major nations supported the proposal, while some countries voted against it. However, EU has stated that it'll go ahead with the proposal.
Sep 23, 2015 9:03 AM EDT
China's president starts his first official US visit
Xi Jinping and his wife are visiting the US for a week as the country is trying to strengthen its relationship with the US. During this visit, Xi Jinping will also meet Obama as the two leaders will discuss military policy.
Sep 23, 2015 8:25 AM EDT
French court decides: UberPop officially banned in France
The French Constitutional Court rejected Uber's appeal regarding UberPop's case. The court supported the law that was passed last year, implying only professional drivers must render services in the country.
Sep 23, 2015 4:29 AM EDT
2.4M applicants lined up in India for 368 low-level government jobs
2.3 million Indians scramble for 368 low-level government jobs that have tea making and bike riding as qualifications, symbolising the bad condition of India’s job market.
Sep 23, 2015 2:35 AM EDT
Tsipras to push bailout package, hike taxes
Soon after coming back to power for the second time in lthe same year, Alexis Tsipras is making measures that support the third round of euro 86-bn baiklout package. He inducted two baikout negotiators into the government economic team. Barring two parties, remaining all the parties are supporting the bailout package.
Sep 23, 2015 2:26 AM EDT
China President calls for punishing cyber hackers
China President Xi Jinping ahead of his US tour called for punishing the cyber hackers, while making it clear that his government doesn't engage in hacking. Our government wouldn't support Chinese companies engaged in such activity, Jinping said. Meanwhile, US National security advisor issues a warning to China for stopping state-backed cyber theft. The issue of cyber crime is likely to be main topic of disuccsion at the crucial meeting between Obama and Jinping.
Sep 22, 2015 6:18 PM EDT
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