Result Page 35 for Latest World News & Archive

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Buffet buys 8% in Sears' REIT Seritage Growth

Warren Buffett has acquired 8% stake in Seritage Growth Properties, amounting to $70.5 million. Berkshire Hathaway is also buying a real estate firm, Allie Beth Allman & Associates. The latest acquisitions by Buffett will add financial strength to Sears Holdings.

Dec 11, 2015 4:10 AM EST

News

Drones with Night Vision Use Thermal Camera

Drone maker DJI with FLIR, to develop a new drone camera that can shoot in complete darkness. Drone maker DJI on Thursday said it is working with FLIR, to develop a new drone camera that can shoot in complete darkness.

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Fed might hike rates, but it will be a bad decision, warns bond king Gundlach

Jeffrey Gundlach, the bond king in the US markets, says the current economic situation and market conditions are not in favour of interest rate hike. If US Federal Reserve increases rate this month, then it will regret its decision, he said. Stating that 100% of economists forecast rate hike. latest jobs data and other parameters are giving more room for US Fed to take decision on rate hike.

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Alaska Governor seeks income tax for the first time in 35 years

Alaska State Governor Bill Walker as part of his New Sustainable Alaska Plan,suggested for income tax in the State. If levied, it'll be after 35 years, Alaska records income tax. Alaska is highly dependent on oil revenues. The steep fall in oil price is impacting its revenues in a negative way. The current revenues can meet only 40 percent of government expenses.

Flying High: Boeing's rating upgraded to 'Buy'

Several equity research firms upgraded ratings on Boeing. The timely deliveries are enhancing revenues for the aircraft maker. For the quarter ending October, its revenues surpassed market forecasts. Barring one equity research firm, 13 gave it 'buy' rating and three recommened for holding it.

Dec 10, 2015 9:51 PM EST

Finnish government is planning to give every adult citizen $800 per month

The Finnish government is planning to introduce a tax-free monthly payment of $865 to all adult Finns. The payment will be made regardless of their income or employment status and would replace other benefits.

Dec 10, 2015 9:46 PM EST

DiCaprio, Kerry partners to combat Paris' climate change

Leonardo DiCaprio and Secretary of State, John Kerry spent time together discussing solutions for global warming at a climate summit in Paris. DiCaprio, who has been appointed U.N. Messenger of Peace for the Climate, and Kerry, who fought for environmental reform during his time in the Senate, joined hundreds of world leaders in the public and private sector gathered for the Paris Climate Conference, held from Nov. 30 to Dec. 11.

Dec 10, 2015 7:02 AM EST

Volkswagen is going to launch an electric concept car at CES next month

Volkswagon decided to show off an all-electric concept car at CES next month. The next year 2016, the annual Consumer Electronics Show hits off in Las Vegas, showing the world's biggest consumer electronic brands and highlighting new technology as different as medical tools through to cars and computers.

Dec 10, 2015 6:42 AM EST

Emirates to fly A380 to Guangzhou

The world's largest long-haul airline Emirates Airlines is deploying A380 jumbo jets to Guangzhou. Emirates will be flying the world's largest jumbo jet with a seating capacity of 615 passengers. Guangzhou has strong business relations with African nations and the city is offering growing business potential. However, the expansion plans of several Chinese airlines will post tough competition to Emirates.

Dec 10, 2015 3:17 AM EST

Hyundai unveils the New Generation i20 WRC for the 2016 World Rally Championship

Hyundai is introducing its new rally car for the 2016 FIA WRC event at team's factory in Alzenau, Germany. The five-door body car is powered by a 1.6-litre turbo charged petrol engine with six-speed sequential gearbox.

Dec 10, 2015 3:13 AM EST

Chennai floods leave everyone in deep water

The recent floods devastated the living conditions for people in Chennai and its surrounding districts. The industrial and business hubs have been affected resulting in trillions of crores of rupees loss. Insurance companies have been flooded with claims indicating a decade high volume.

Dec 10, 2015 3:09 AM EST

Gas powered cars to be banned in eight US states and five countries by 2050

Eight U.S. states and five countries across the world announced the commitment to allow the automakers to sell only zero emissions vehicles by 2050. They will ban gas-powered vehicles to cut global vehicle emissions by 40 percent.

Dec 10, 2015 2:55 AM EST

ISIS generating $80 million revenues a month

ISIS is believed to have been generating $80 million revenues a month from oil production and smuggling in addition tother finding options. ISIS is also taxing people in areas it controls. The oil income accounts for over 40 percent of the total revenues for ISIS, which is generating income from six funding channels.

Dec 10, 2015 2:52 AM EST

China's capital outflows tripling in November

China has been suffering from the increasing capital outflows, which tripled in November to $113biillion in November from $37 billion in October. The concerns about further depreciation in Yuan were the prime reasons behind the surge in capital outflows. The weaker Yuan will add competitiveness to exports, opine some economists.

Dec 10, 2015 1:57 AM EST

Jakarta greenlights Uber operations

Uber has received approval from Jakarta government to operate legally in the Indonesian capital, as long as it meets tax rules and other requirements from the government.

Dec 10, 2015 1:52 AM EST

Norovirus outbreak in Seattle sickens 200 people

About 200 people have become infected by norovirus after attended a catered event at a downtown Seattle's Russell Investments Center. The health officials have closed all food vendors in the Seattle office building.

Dec 10, 2015 1:48 AM EST