Wrong Direction: Malaysian Airlines flight took a detour
Malaysian Airlines flight from Auckland to Kuala Lumpur flew in a slight detour during their christmas day flight. No accident occur during the event as the pilot managed to inform the ground control and stay under the radar all the time.
Dec 28, 2015 9:26 PM EST
Iran exports news halts 3-week run of price rise for oil
The trouble-hit Iran has reiterated that it'll take the exports to the pre-sanctions level after the sanctions are lifted. This has curbed the three-week streak of oil price rise. The oil price rose encouraging for the first time since April.
Afghanistan is Still The World's Largest Opium and Heroin Producer
Afghanistan is still the largest producer of opium in the world. Area where Taliban has a strong presence has been the main supplier for the world's opium.
China passes new controversial anti-terrorism law
China’s legislature passed a controversial new anti-terrorism law that allow the government to request for sensitive information from technology firms. Among the information that could be requested includes encryption keys for individual data.
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Mexico's Pemex to slash down jobs in 2016
Mexico state-run oil major Petroleos Mexicanos (Pemex) may reduce jobs in 2016 as part of its restructuring plan. The company is keen on making partnerships along the production chain. Pemex may tap private capital for funding the business strengthening operations.
Dec 26, 2015 8:19 PM EST
JPMorgan alerts Japan Inc to brace up for ¥100/USD
The latest forecast form JPMorgan Chase & Co has alerted the Japanese industry to be ready for the rising Yen to ¥100/USD in 2016 from the current 121. However, it also said that the surge in currency value may not harm drastically. Contrary to this, another survey carried out by Nikkei Research for Reuters indicated yen would fall to 130 per dollar.
Dec 26, 2015 8:17 PM EST
Westinghouse is nearing a nuclear deal with India
Westinghouse Electric Co. expects to reach a deal with India by the end of next year to provide at least six nuclear reactors. The company is expected to build around 60 new nuclear reactors in the country.
Dec 26, 2015 8:11 PM EST
Starbucks upbeat on record gift card sales on Christmas Eve
American coffee chain Starbucks is bullish on gift card sales this Christmas Eve. It sold 2.5 million gift cards last year. Starbucks has associated with Swarovski for selling $200 gift cards including $50 worth coffee that have been encrusted with crystals.
Dec 26, 2015 8:08 PM EST
The new Airbus A350 XWB jet is designed to beat jetlag
Airbus has created a new aircraft that is designed to eliminate jetlag. The plane, A350 XWB, arrived in the U.S. last week.
Dec 26, 2015 7:47 PM EST
Qatar National Bank announced to buy Turkey's Finansbank for $2.95 Billion
Qatar National Bank signed an agreement with the National Bank of Greece to buy 99.81 percent stake in Turkey's Finansbank for 2.7 billion euros. Previously in 2006, National Bank of Greece purchased Finansbank worth $5 billion, which was Turkey's biggest-ever banking deal. The closing of the transaction was approved by the board of directors of both banks and the General Council of the Hellenic Financial Stability Fund.
Dec 24, 2015 5:31 AM EST
Colombian Narco Submarine With 3 Tons of Coccaine Was Caught
A narco submarine was caught off the islands of Galapagos. The submarine was bound to U.S., carrying 3 tons of coccaine.
Dec 24, 2015 4:16 AM EST
US holiday travelers save big on cheaper gasoline - oil price watchdog
The average US gasoline price per gallon is hovering below $2. The US holiday travelers are expected to save $1.6 billion on gasoline this year. The US gasoline price eased to lowest since 2008.
Dec 23, 2015 10:11 AM EST
ConocoPhillips exits Russia
After 23 years of doing business in Russia, ConocoPhillips has withdrawn from the country. It has confirmed the sale of 50 percent stake in Polar Lights, a joint venture with Russian government-owned Rosneft. Western sanctions on Russia are also impacting the oil and gas industry amid lower oil prices.
Dec 23, 2015 9:54 AM EST
The Batman v Superman Marketing Needs to Stop Pretending Lex Luthor Is a Real Person
The Batman v Superman movie has done a lot of marketing to show Lex Luthor is a real person. The movie character gives interview to media agencies, have his own websites and even provide free wifi to people. This type of viral marketing is has taken the situation to whole new level of strange.The Batman v Superman marketing needs to stop pretending Lex Luthor is a real person.
Dec 23, 2015 9:47 AM EST
Consumer spending pumps up US economy to 2% in Q3
Led by consumer spending, the US economy grew two percent in third quarter as against 3.9 percent in the second quarter. Government outlay and business investment supported the US economy during the quarter while household buying kept up the demand during the third quarter.
Dec 23, 2015 9:33 AM EST
Lower oil price forces Shell to abort Arctic oil project
Anglo-Dutch oil major Shell has finally abandoned its drilling operations in Alaska Arctic region citing reason of oil price drop. Shell has been facing several regulatory and climatic challenges in addition to protests from environmentalists. The oil price has been hovering at $40 a barrel throughout 2015.
Dec 23, 2015 9:29 AM EST
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