The MIT's Reality Editor application will give complete control over the smart gadgets in their households.

Dec 21, 2015 11:51 PM EST

The Colombian central bank is likely to hike interest rate in its meeting on 18 December. The central bank in its previous three meetings raised the interest rate. The Colombina economy is growing at faster rate than any Latin American economy. However, Colombia is still suffering widening gap of current account deficit.

Dec 13, 2015 09:47 PM EST

The wide-body, long-range jumbo jets are facing tough competition from new age turbofan engine technology. The new mini-jumbo jets with twin-engines and fuel-efficient offer long-haul flight. Relying on these turbofan engined aircraft, many airlines are switching away from the hub and spoke model, which has been more dependent on jumbo jets. Changes in regulations and business dynamics are seeing the days of heavy jumbo jets numbered. Airbus and Boeing suffer from lack of new orders for their wide-body aircraft.

Dec 13, 2015 10:11 PM EST

Prismatic declared that it will no longer be available for iOS, Android, and web news reader products

Dec 15, 2015 03:41 AM EST

Two Italian journalists authored two books -- ‘Merchants in the Temple’ and ‘Avarice.’ These books highlighted the financial discrepancies at Vatican City. The Vatican Bank had a reputation of tax evasion and money laundering. The Vatican Pension Fund has €800-million deficit. Media reports say Chinese businesses have a lot to learn from the Vatican.

Dec 13, 2015 09:44 PM EST

Canadian Prime Minister Justin Trudeau is going to devise and implement a system to effectively legalize and regulate marijuana. In a step towards this Trudeau's administration repeated its pledge to legalize marijuana in a speech outlining its agenda as parliament resumes after the 19 October election. The government however will restrict the access to it to prevent misuse.

Dec 16, 2015 05:24 AM EST

Yahoo Mail added Gmail account access on it's new app with smarter contacts manager and some extra new features.

Dec 12, 2015 03:28 AM EST

The big stakes are being built in big companies by the active new investors. It will help in reshaping the US corporate structure.

Dec 13, 2015 02:09 AM EST

Thailand’s airlines have been spared a ban from European skies despite concerns over flight safety in the country. Last Thursday, EU regulators issued a special warning over travelling on Airlines from Thailand, but stopped short of following last week’s US damaging safety downgrade for a country heavily dependent on tourism.

Dec 11, 2015 09:34 AM EST

The debt-ridden 1Malaysia Development Bhd (1MDB) is in the process of selling assets to reduce its debt. Though it has already identified buyers for its asset sale, investors say the oil price slump is the major concern over the nation's financial situation. Oil revenues account for 22 percent of total Malaysian government revenues. The government is planning to impose higher taxes to compensate oil price drop.

Dec 11, 2015 10:18 AM EST

National Credit Union Administration (NCUA) filed lawsuits against banking lenders includng Morgan Stanley for allegedly selling faulty mortgage-backed securities. Morgan Stanley without admiting its fault, has agreed to pay $225 million to seele the claims. The total value of such claims recovered by NCUA reached to $2.43 billion since 2011.

Dec 11, 2015 10:09 AM EST