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Kuwait Appoints New Oil Minister before meet with OPEC

Kuwait on Sunday appoints Anas al-Saleh, its oil minister with its current finance minister and deputy prime minister, replacing Ali Al-Omair, who is now minister of public affairs and is still current state minister for parliamentary affairs.

Dec 02, 2015 4:36 AM EST

News

Samsung launches web browser for Gear VR

Samsung launches beta version web browser for Gear VR called Samsung Internet for Gear VR. It supports 360 degree and 3D video streaming as well as HTML5 video. The app is available for download in Oculus store starting on Dec 2.

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Mark Zuckerberg gives 99% of his Facebook shares to charity

Mark Zuckerberg and his wife Dr. Priscilla Chan announced in an open letter to their new daughter, Maxima Chan Zuckerberg that they are donating 99 percent of Zuckerberg stocks in Facebook to charity. The donations will take place over their lifetime, and the exact worth of the shares will likely change.

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GazProm Halted Gas Supply to Ukraine Due to Non-Payment

GazProm CEO said that the Russian company has stopped its gas supply to Ukraine starting last Wednesday due to payment issue.

Russia Started To Build The Largest Nuclear-Powered Data Center

Russia began the construction of its largest nuclear-powered data center. The first phase of data center will be opened in 2017.

Dec 02, 2015 2:22 AM EST

Greece Economy Decline More than Expected in Q3

Greece economy declines 0.9% in third quarter according to Elstad, the Hellenic Statistical Authority.

Dec 02, 2015 2:16 AM EST

Bugatti Chiron will debut next year at the Geneva Motor Show

Bugatti confirmed Monday that the new supercar will be called the Chiron, and will debut next year at the Geneva Motor Show.

Dec 02, 2015 2:02 AM EST

Anonymos couple from Minnesota drops a check of $500,000 Into Salvation Army Kettle

Over the weekend, an anonymous couple from Minnesota contributed $500,000 worth of donations. They dropped the check into the Salvation Army kettle, without the conscience of anyone. The generous contribution has made the Christmas campaign get closer to its goal of $11.6 million.

Dec 02, 2015 1:34 AM EST

Canadian startup found the new wireless technology to replace security camera

Cognitive System, a Canadian startup, has developed a new technology to visualize wireless signals. The new platform called Amera is powered by R10 chip that is able to analyze any wireless signals from electronic devices.

Dec 02, 2015 12:53 AM EST

Chinese buyers step back from US housing market

After witnessing peak level this year, the Chinese investments in the US property markets have suddenly changed the direction. The Chinese government's restrictions on capital outflows and devaluation of Yuan have become major hurdles for the dragon country's investments in the US housing sector. The economy slowdown and sluggish financial markets were prime reasons tha propelled Chinese investors to invest heavily in overseas markets mainly the US, London and Canada.

Dec 02, 2015 12:38 AM EST

Samsung’s new patents reveal foldable smartphone and tablet designs

Samsung has patented new design innovations for smartphones involving foldable displays. The new patent shows off foldable and bendable smartphone designs as well as scrolled smartphone design.

Dec 01, 2015 10:26 PM EST

Iron ore below $40 in Singapore on surge in supply

The slowdown in China is pulling down the demand and putting more pressure on iron ore prices. The iron ore futures contracts in Singapore fell below $40 a ton for the first time. The market players are concerned over continuous supplies of iron ore. Many steel mills have decided to cut down production level from 2016 onwards.

Dec 01, 2015 10:23 PM EST

India's economic 7.4% growth surpasses China's 6.9%

India reported a 7.4 percent economic growth in the third quarter, surpassing China’s 6.9 percent for the same period due to strong domestic demand and improved industrial productions.

Dec 01, 2015 10:06 PM EST

JPMorgan leaves bonus pool unchanged since 2014

The change in regulations is keeping a pressure on investment banks. Owing to weaker revenues, several investment banks are slashing down on bonus payout. JPMorgan Chase & Co is keeping its bonus pool unchanged from 2014. However, this decision is subject to the trading performance in December.

Dec 01, 2015 9:53 PM EST

Alberta regulator extends bid time for Canadian Oil Sands

Alberta Securities regulator has given one more month for Canadian Oil Sands to accept or reject the takeover offer from Suncor Energy. The Canadian Oil Sands' board is examining alternatives to continue as an independent company or look at rival offers.

Dec 01, 2015 9:44 PM EST

Court orders Anadarko to pay $159.5M penalty for 2010 Deepwater Horizon oil spill

Petroleum company Anadarko was ordered to pay $159.5 million as part-owner of BP's Macondo Well that caused the biggest oil spill in the U.S. The oil spill caused an explosion that killed 11 people and a massive oil spill in Gulf of Mexico in 2010.

Dec 01, 2015 9:24 PM EST