GPS Navigation Featured Subaru Vehicles Pledge For Voice Guided Navigation
A voice guided GPS navigation system is going to be installed in vehicles equipped with Subaru StarLink platform. The navigation app is fully voice guided and is believed to reduce driving risks. Moreover, the associated app RightTrack will provide real-time driving assessment and coaching for Subaru owners based on their actual driving behavior. The Subaru Starlink app has been designed to support both Apple iOS and Android smartphones.
Jan 06, 2016 3:01 AM EST
Fiat shares slid after Ferrari parts ways with it
After the separation, Fiat Chrysler is focusing on its €48-billion investment plan to 2018. It'll also revamp its brands Alfa Romeo, Jeep and Maserati. Ferrari made its debut trading in Milan after listing on Wall Street in October 2015. Analysts opine the road ahead for Ferrari may not be smooth as the capital intensive car maker with small volume can sustain the high valuations.
Boeing bags $855-mn contract for T-38C logistics support
Boeing Co has bagged $855-mn contract from the US Air Force. Boeing will offer avionic component integration and contractor logistics support for T-38C aircraft. The duration of the contract is 10 years and works are scheduled for completion by January 2026.
LG to Display Its Roll-Up Flexible OLED Screen in CES 2016
Korean electronic giant, LG is to display its paper-thin OLED screen in CES. Its new flexible display technology is a a flexible and rollable screen.
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After Qualcomm, Intel Dives Into Drone Through Acquiring Former Partner, Ascending Technologies
Intel has announced acquiring German drone maker, Ascending Technologies on Monday. All the existing 75 employees of the latter concern are going to be offered position in the new dynasty. Not only that, Intel has also pledged commitments to extend support to the existing customers of the acquired entity.
Jan 05, 2016 7:36 PM EST
GM announces Mary Barra as new chairwoman
General Motors announced that it had unanimously elected Mary Barra as its next chairman, effective immediately. Barra succeeds Theodore Solso who will be retiring but will continue serving as the Board’s Lead Independent Director.
Jan 05, 2016 7:29 PM EST
2016 may generate 3.5mn jobs in India
The year 2016 may witness encouraging employment generation, but moderate salary rise. The inflation rise will erode the salary rise benefits. India and the UAE may record robust job growth rate. IT, app economy, retail and BFSI sectors to lead emplyment generation of about 3.5 million in India. Dubai Expo-2020 may play a key role in jobs growth rate in the UAE.
Jan 05, 2016 4:07 AM EST
Japan's central bank playing activist investor role to revive economy
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 3:21 AM EST
‘Latte Macchiato’: ‘Starbucks’ Hits New Caffeine Beverage
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
Oil Price is Slightly Rising Amidst Tension Between Saudi and Iran
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
5 key economic trends to watch in 2016
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 drop for the second month
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 6:09 AM EST
2016 Will Be Grim for Asian Ship Builders Due to Low Oil Price
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 5:32 AM EST
Yen Goes Strong As Saudi and Iran Heated Tension Started The Year 2016
Yen started 2016 with a two-month high in trading, while Saudi and Iran cuts diplomatic ties. The year 2016 started with a stronger yen, traded at two-month high versus dollar and escalating tension between Saudi and Iran.
Jan 04, 2016 4:44 AM EST
Loretta Mester Backed U.S. Rate Hike as A Prudent Step
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 4:26 AM EST
New Copy Right Levy Increases Prices of Apple Products in Germany
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 4:13 AM EST
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