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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.

Jan 04, 2016 04:44 AM EST

Larger McDonald's Closes, 'The Ever Largest Era' Awaits

McDonald’s Florida chapter has shut down operations of the foods and entertainment chain on Wednesday. But closure has not turned an end to larger McDonald’s era, but appears to reborn with ‘the ever largest’ title. The largest burger corner is all set to start journey from early February in its renovated state of the art establishment measuring 19,000 square feet, some 7,000 square feet larger than the existing ‘French Fries Box’ structure.

Jan 02, 2016 07:48 PM EST

Now, Chinese couples can have two kids legally

Ending the one-child regime, the Chinese government has decided to allow married couples to have two children. The new law is effective from 1 January 2016 and China will have three million extra babies every year for next five years owing to new law. It'll take the labor force up by 30 million by 2050.

Jan 01, 2016 08:39 PM EST

South Korean exports drop for 12 months

The world's sixth largest exporter South Korea suffered drop in exports throughout 2015. The exports fell 13.8 percent in December 2015 against the forecast of 11.7 percent. South Korea's trade surplus eased down to $7.2 billion in December 2015 from $10.32 billion from the previous month.

Jan 01, 2016 08:37 PM EST

Oil slump hits $125-mn property debt in North Dakota

The lower oil prices are impacting the property market in shale hubs in North Dakota. The $125 million securitized loans backed by real estate are facing trouble-some situation. The rating agency Morningstar Credit Ratings LLC has estimated that a third of $340-million commercial mortgage-backed securities are facing threat as they're related to the shale hubs in North Dakota.

Jan 01, 2016 08:35 PM EST

Atlanta's airport clocks 100mn passenger traffic in 2015

Hartsfield-Jackson Atlanta International Airport has become the world’s first to achieve 100-million passenger traffic in a single calendar year. The world’s busiest airport received its 100 millionth passenger on 27 December 2015 and felicitated him with loads of gifts. Atlanta’s airport had been the world’s busiest airport for 17 years in a row as of 2014.

Jan 01, 2016 08:32 PM EST

Sarah Palin To Sell Her Arizona House for Nearly $2.5 Million

Former governor of Alaska Sarah Palin is selling her family house in Arizona with a listed price of $2.49 million.

Jan 01, 2016 08:30 PM EST

China is building its second aircraft carrier amid maritime tensions

China defense ministry confirmed that its building a second aircraft carrier. The new carrier was designed in China and is being constructed in the port of Dalian.

Jan 01, 2016 05:48 AM EST

Apple May Face Tax Evasion Charges Again in the US After Italy

Apple Inc. is believed to tatter while confronting series of accusations for illegal tax dodging. Agreement for payment of unpaid tax liability in Italy establishes the event of tax dodging through amassing wealth in Ireland for its lower corporate tax rate. Now US tax authority’s claim for intended fund holding in a bid to evade tax may get huge momentum.

Jan 01, 2016 05:44 AM EST

New concept of McDonald’s opens in Hong Kong

McDonald's has opened a new dining concept called McDonald's Next. Located in Hong Kong, McDonald's Next offers new futuristic design with new features for the unique dining experience.

Dec 31, 2015 06:57 AM EST

‘Microsoft Selfie’: Smart Photo App For Intelligent Quality Enhancements

After leveraging the popularity through release of Outlook and other free apps, Microsoft has appeared again in the screen with an intelligent photo quality improver, the Microsoft Selfie. It uses algorithms to improve photo quality, capable of reducing noises and provide the same look and quality across rear and front camera lenses. Available in the iTunes, the app is believed to be displayed in the home screen of the iPhone and Android devices,during the past two years.

Dec 31, 2015 03:32 AM EST

Julius Baer reaches agreement over U.S. tax cases with $200 million extra provisions

The Swiss bank Julius Baer has reached an agreement with the U.S. officials to set aside $200 million of additional provisions to settle tax evasion issue. The U.S. officials investigate the Swiss bank whether it helped American clients evade taxes.

Dec 31, 2015 12:28 AM EST

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