Airbnb confirms $1.5 billion fund raising round
The US-based home-sharing startup Airbnb has confirmed that it closed $1.5 billion fund-raising round in a filing to SEC. The latest round puts Airbnb's valuation at $25 billion. The home sharing services provider boosted its forecast for revenues to $900 million for 2015. Airbnb is planning to expand globally.
Dec 10, 2015 1:35 AM EST
South Africa's inflation up at 4.8% in November
South Africa's inflation rate was 4.8 percent in November from 4.7 percent in October. The inflation rate indicated its highest since July. The currency Rand continuous fall against the US dollar is further adding to inflation. South African economy narrowly missed the second recession in six years.
Catholic Church Prelate Suggests Birth Control can be the Ultimate Solution to Climate Change
Have you ever thought that birth control or so-called family planning can help control climate change? Believe it or not, the truth is the larger the population will be, the tougher the life will become. Hence, Church authorities decided to join UN climate change meet to raise the voice.
Air France suffers €50-million loss after terror attacks on Paris
Air traffic was drastically hit by the terrorist attacks on Paris in November. Air France-KLM is believed to have suffered €50-million revenue loss for the month. However, the French-Dutch group is optimistic about recovery by the end of December 2015.
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XSTAT-30 Gets FDA Clearance to Heal the Gunshot Injury Within Seconds
The XSTAT 30 is a special device created to offer instant treatment to the citizens during severe bleeding, shock, and trauma. The FDA has approved its use for civilians which were earlier used for the military purposes.
Dec 09, 2015 7:52 AM EST
Target Launches the Future of Retail with the First Ever Cartless Shopping
An introduction of the first ever cartless shopping by Target in their Wonderland store situated in downtown Manhattan. This is an all new set up to help the customers with a trouble free shopping.
Dec 09, 2015 4:32 AM EST
Bewildered Police found Thousands of Euros Floating in Danube River
A mystified case happened in Vienna, Austria when some bystanders reported to the police about a boy jumping into the river Danube. Police were baffled to find out that the boy was actually trying to save more than 100,000 euro banknotes floating in the river water.
Dec 09, 2015 1:00 AM EST
Newell Rubbermaid and Jarden’s Plan to Merge Can Lead to Growth
Newell Rubbermaid and Jarden Corp. are in talks to combine their businesses. WSJ first reported this speculative news by an anonymous source. Soon after this news, the stock and share market of these companies reached sky-high.
Dec 08, 2015 9:53 PM EST
A Close Call: Police Helicopter Avoid Crash with a Drone
A California Highway Patrol Helicopter almost collided with a drone last Saturday in Contra Costa County.
Dec 08, 2015 7:18 AM EST
Hoverboard is Forbidden on Airplane Due to Battery Issue
Some airlines banned hoverboard on-board their plane due to its lithium-ion battery. Some fire accidents and unknown risk regarding its battery raise serious concern regarding hoverboard.
Dec 08, 2015 7:09 AM EST
President Obama calls on Silicon Valley to battle online terrorist recruitments, addresses USA on terror
President Obama’s recent terror threat speech seeks the help of Silicon Valley to stop recruitment and promotion of terrorist groups’ violence over social media.
Dec 08, 2015 6:12 AM EST
Singapore and U.S. Agreed to Deploy Boeing P-8 in South China Sea
United States and Singapore agreed on sending Boeing Poseidon spy plane to South China Sea amidst a tension in the region.
Dec 08, 2015 5:57 AM EST
Google Life Sciences is now Verily
Alphabet has renamed its Google Life Sciences division to "Verily". The company spun off from Google in August within Alphabet. It will continue Google Life Sciences' projects on disease prevention and health.
Dec 08, 2015 5:07 AM EST
US consumer credit growth below forecast in October
The consumer spending slowed down in October. The latest data from the US Federal Reserve indicated the cautious approach of American consumers ahead of major shopping season in the country. The consumer spending rose $15.98 billion to $3.5 trillion in October as against $38.5 billion growth registered in September. The auto and student loans propelled the consumer growth in October.
Dec 08, 2015 5:04 AM EST
Chile inflation drop puts pressure for rate hike
Chile's central bank is expected to hike interest rate this month or January 2016. inflation rate dropped into the expected range for the first time in 20 months. However, the core inflation remains at high level. The slump in currency Peso is also impacting the inflation rate.
Dec 07, 2015 9:41 PM EST
46% of Americans are not loyal to their banks, finds survey
A latest survey highlights that majority of Americans are loyal to one bank, while 46.1% have two or more bank accounts. Women deal with fewer banks and men tend to do multiple banking, according to survey by GoBankingRates. Majority Americans keep less than $1,000 in their savings accounts.
Dec 07, 2015 9:37 PM EST
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