Articles by Staff Writer

Rise of micro VC funding in India as investors focus on early-stage investment

The micro venture capital (VC) funding space in India is witnessing a robust activity. A rising new breed of venture capital investors is keen on early-stage investment in startups. About 12 micro venture capital funds are operational in India.

Feb 19, 2016 09:52 AM EST

Puerto Rico in troubled waters, stalls debt payments to provide essential services

Puerto Rico has run into deep economic crisis, with its fiscal agent, the Government Development Bank, running out of reserves to cover even essential services. The government is tilting towards holding on to its debt repayments to sustain the island as a going concern, but their plea to creditors and the Congress to bail them out of the crisis is met with resistance on both fronts.

Feb 19, 2016 09:45 AM EST

Deflation in steel, other commodities dent Japan's export basket

Japan's exports were badly hit by the steep drop in steel prices and other commodities. The world's third largest economy's exports fell 12.9 percent on the year in January to Yen 5.35 trillion ($47.12 billion), while the imports also fell 18 percent.

Feb 19, 2016 09:37 AM EST

Puma Says Future is Female as Rihanna Draws More Sales

Puma is making a huge come back as sales grew more than anticipated. Rihanna's line of premium designed shoes along with the Fenty collection is drawing more customers boosting the company's once meager sales.

Feb 19, 2016 09:33 AM EST

Facebook Plans to Monetize Messenger; Will Allow Businesses to Send Ads

A leaked document revealed Facebook’s plan to start monetizing on of its fastest-growing and most popular product, the Messenger. The document stated that in the second quarter this year, a new feature would be launched, allowing businesses to send advertisement chats via Messenger.

Feb 19, 2016 09:25 AM EST

Massive cocoa production will revive struggling economy of West Africa

Experts of African economy believe that the growing cocoa production will help the West African countries to recover from the flagging economic condition.

Feb 19, 2016 09:18 AM EST

Chancellor George Osborne misses approval rating as faith in UK economy slides

Britain is losing its faith in the chancellor George Osborne as he is readying for the annual budget in the midst of global challenges facing the nation's economy. Poor economic conditions prevented the chancellor from achieving his election targets.

Feb 19, 2016 09:13 AM EST

Marijuana Sales Hits Nearly $1 Billion Mark In Colorado

Marijuana sales in Colorado has hit the massive $1 billion mark. After legalization of the cannabis for medicinal and recreational purposes in 2012 the sales has increased by 42 percent over the last year. The state would reportedly use about $35 million of the tax profit for construction of schools.

Feb 16, 2016 07:19 AM EST

Palantir Technologies Acquire Kimono Labs to Strengthen Its Data Extraction Capacity

Data analysis company Palantir Technologies Inc acquired Kimono Labs to increase its data collection capacity. Following the acquisition, Kimono Labs will shut its service on February 29, 2016.

Feb 16, 2016 07:12 AM EST

Apple News: Apple Sponsors 2016 Met Gala, Making Its Name In The Fashion World

Apple is sponsoring one of fashion’s biggest and most prestigious event, the Met Gala. This year’s exhibition will feature works that highlight the dynamics of human craftsmanship and technology in creating high-end fashion. Apple will also be involved in the exhibition’s music department using its Apple Music.

Feb 16, 2016 07:07 AM EST

Samsung Ventures into Smart Shoes As Well, Targeting On Fitness And Golf

Salted Venture, one of Samsung start-up companies, has developed a smart shoe aiming to be used for fitness and golf. The shoe features an advanced technology that will provide users with data, which is very useful for their sport activities.

Feb 16, 2016 07:04 AM EST

South Korean Central Bank Keeps Interest Rates Unchanged, Observes Impact of New Stimulus Package

BoK has decided to keep hold benchmark interest rates in place on Tuesday. To tackle the ongoing sluggish economic growth, South Korean government has unveiled a stimulus package on February 3. BoK is predicted to analyze the impact of the stimulus package and hence opts for keeping rates unchanged.

Feb 16, 2016 06:59 AM EST

Orange SA Needs More Weeks For Bouygues Deal

Along with reporting its fourth quarter performance, France telecommunication company Orange SA also report the acquisition plan. The company needs more weeks to have approval from antitrust authorities.

Feb 16, 2016 06:56 AM EST

Company Report: Hong Kong Disneyland Reported $19.1 Million Loss As Fewer Chinese Tourists Visit the Theme Park

Hong Kong Disneyland reported its first loss since 2012. Fewer tourists had come to visit the resort and theme park, with the biggest decline from Chinese tourists. China’s economic slowdown, along with political instability and the emergence of Shanghai Disneyland is believed to have affected the Chinese tourists.

Feb 16, 2016 06:53 AM EST

Smartphones: Samsung Galaxy S7 and LG G5 Information Leaked Ahead of February 21 Schedule

Samsung Galaxy S7 and LG G5 were set to be introduced on February 21. However, both the device’s details have been leaked on the internet, revealing most of the phone’s highlighted features. Both the 2016 flagship device will have a fingerprint scanner, along with other innovations.

Feb 16, 2016 06:50 AM EST

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