Saudi Arabia suspends all flights to and from Iran. The country also ban its citizen to travel to Iran in a new chapter of Middle East sectarian.

Jan 05, 2016 03:24 AM EST

With an objective of reviving the economy, Bank of Japan (BoJ), Japan's central bank, is playing a role of activist investor in the domestic equity markets. The central bank's governor and Prime Minister are also asking corporate companies to increase capital expenditure and wage rise. Bank of Japan holds $54 billion in exchange-trade funds (ETFs). Japan's economy is suffering from weaker consumption and deflation.

Jan 05, 2016 03:21 AM EST

Latte Macchiato, combination of espresso and milk, is going to be served by Starbucks, the Seattle based Café Chain. The popular Australian drink is being introduced to the Americans by Angus Maxwell, certified barista serving the coffee chain. The new beverage joins the Starbucks menu and is believed to be a stepping stone between a cappuccino or flat white and an Americano among those desiring to change the taste bud.

Jan 04, 2016 10:55 PM EST

Tesla Motors started 2016 with an incident. In Norway, its Model S was caught fire while being charged last Friday.

Jan 04, 2016 10:25 PM EST

Oil price is rising amidst tension between Saudi Arabia and Iran. The oil price started the first day of trading in 2016 at the price of $38 a barrel before reduced to $37 in the afternoon trading.

Jan 04, 2016 10:21 PM EST

Economists and analysts foresee the five key factors that would influence the global economy significantly in 2016. The major aspects such as industrial production, consumer spending, international trade, currency trends and inflation will influence the global economy. The lower energy costs will propel consumer spending upwards, while resulting in inflation rise.

Jan 04, 2016 10:21 PM EST

Sydney home prices fell for the second-consecutive month. The market also recorded its worst quarter in four years as a regulatory crackdown pushed up mortgage rates causing weak demand in the housing sector.

Jan 04, 2016 06:09 AM EST

Asian ship building industries will face a bleak year in 2016 due to low oil price. As a result, shipyards receive less orders for offshore rigs project. Korean, Singaporean, Chinese and Japanese as the main shipyard owners in Asia are preparing necessary measures to manage the crisis.

Jan 04, 2016 05:32 AM EST

Yen started 2016 with a two-month high in trading, while Saudi and Iran cuts diplomatic ties.

Jan 04, 2016 04:44 AM EST

Researcher in Taiwan invented a way to fly a drone using body movement. It utilized the motion sensor in AppleWatch to control and pilot a drone.

Jan 04, 2016 04:39 AM EST

Loretta Mester, president of Federal Reserve Bank of Cleveland prefer a more aggressive approach to rate hike. Federal Reserve Bank increased interest rate for the first time in nine years last December.

Jan 04, 2016 04:26 AM EST

Apple Inc. has increased the prices of products in Germany, effecting from January 1, following a successful deal with German Trade Association, Bitkom and ZPÜ collecting societies in December 2015. The adopted policy is similar to those adopted by other European countries, but along with the creative intellectuals, the levy will be available for sharing with the porn film makers too.

Jan 04, 2016 04:13 AM EST

Mark Zuckerberg, the Facebook founder is also familiar for revealing his annual goal and eventual consecutive relevant successes. Getting inspired with the digital butler Jarvis, featured in Iron Man’, he plans to build a robot with artificial intelligence to assist in household works. Birth of a baby daughter and insecurity obsessions there to, may have possibly led him to adopt the goal.

Jan 04, 2016 04:06 AM EST

Tesla Motors deliver its target of 17,400 cars in fourth quarter. The company has delivered 50,580 cars to its customer in 2015.

Jan 04, 2016 12:32 AM EST

Several states and cities including New York will consider proposals to lift pay further to $15 an hour. California, on the other hand, is planning to increase wages up to $1 which is the highest among all states.

Jan 03, 2016 09:42 PM EST