Where do Americans spend their savings on gas?
Cheap gas benefits American consumers enabling them to spend more than they have to. Come holiday seasons, pockets and wallets are no longer bulging because money was already spent and was not saved.
Oct 11, 2015 8:57 PM EDT
China Resources to offload stake in Wal-Mart China for $525mn
China Resources is offloading its stake in Wal-Mart China operations. Wal-Mart has 21 stores across China. The 35 percent stake sale value is pegged at $525mn. Wal-Mart says the minority stake selling doesn't impact its operations in China.
American Airlines Flight Crew Shared their Memorable Moments with Pope Francis and their Preparations before the Pontiff's Arrival
The Crew of the American Airlines have shared their up close moments with the Pope Francis during his visit in US. For the celebrating the arrival of the Pope, the American flag carrier made a video documenting their preparations before the arrival and the Pope's arrival in several destinations.
Volkswagen recall starts in January 2016
Due to the emission scandal, VW is forced to recall its 11 million cars that would start January next year and will be completed at the end of the same year. VW CEO said that some cars need can be fixed by software adjustment or mechanical alterations.
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Norwegian Airline CEO sees $69 airfare for one way US-Europe trip
Airfare from Europe to the US can be as low as $69 on one way by 2017, predicts CEO of Norwegian Airline. Flying to the US airports that have low fees can bring down costs considerably as business airports charge higher fees.
Oct 08, 2015 9:41 PM EDT
Uber invested $1 billion for its China operation
Uber announced that the company has increased its investment in China to be closed to $1 billion. The investment is mainly for applying a permit and as a strategy to increase the company's market domination which is currently dominated by Chinese own Didi Kuaidi.
Oct 08, 2015 8:58 PM EDT
Cracks at the Glass Suspension Bridge In China Cause Visitors to Panic
The newly opened suspended glass bridge at the Mountain of Yuntai in China cracks causing visitors to panic in fear. The said glass bridge is temporary close after the incident.
Oct 08, 2015 10:14 AM EDT
2015 Nobel Prize in Medicine awarded to 3 scientists for drug discoveries from nature
Novel therapy has been discovered to eradicate parasitic diseases particularly malaria and roundworms. Three scientist shared the Nobel Prize for a job well done concerning new techniques to ward of these deadly diseases.
Oct 08, 2015 8:52 AM EDT
Hillary Clinton criticizes Trans-Pacific trade pact
The US Democratic Presidential candidate Hillary Clinton has raised her voice against the 12 nation Trans-Pacific Partnership (TPP). Clinton said the agreement is not enough to keep tabs on currency manipulation or protecting consumers from high drug prices.
Oct 08, 2015 4:32 AM EDT
Obama confident that Congress will vote in favor of TPP
Obama told the audience during a meeting that he is confident that U.S. congress will agree with the TPP agreement. The deal which is expected to create the world's largest free trade zone has been criticized by many that it will not bring any good to the US.
Oct 07, 2015 11:57 PM EDT
Airbus calls off talks with Bombardier on C-Series Jet project
Airbus has called off the talks with Bombardier on C-Series jet project. Bombardier has been facing a rough weather in implementing C Series jet project, which is expected to enable the cash-strapped Canadian aviation major to compete with Airbus and Boeing in small passengers jets space.
Oct 07, 2015 11:54 PM EDT
Reddit launched an independent news site, Upvoted
Reddit, the online community news website, had launched a new standalone content site called Upvoted. The company built it to highlight interesting contents from Reddit.
Oct 07, 2015 10:11 AM EDT
Illegal cocoa farmers' eviction to save Mont Peko National Park
Mont Peko National Park will be erased in the map in the coming years if the illegal farming of cacao will not be stopped. Already 99% of the 34,000 hectare park has now been destroyed including the habitat of different primate species.
Oct 07, 2015 9:47 AM EDT
Toyota to launch driverless cars by 2020, unveils semi-automatic Lexus GS
Toyota Motor Corp has launched a new car Lexus GS making its entry into the market of self-driving cars. The Japanse automobile major is planning to launch three semi-automatic models this year. Toyota will also launch driverless cars by 2020, the year of Olympics in Japan.
Oct 06, 2015 9:55 PM EDT
US firms stash $2.1T overseas to skip tax at home
Major US companies prefer to keep their overseas profits out of the country to avoid taxes. It's estimated that 500 large Amercian companies hold $2.1 trillion accumulated profits in safe havens. To repatriate this amount, the US companies need to pay $620 billion in taxes.
Oct 06, 2015 9:48 PM EDT
These 10 cities consider short work hours as source of pride
Longer hours of work mean more fatigue and more stress. Who would ever want a longer period of work anyways? If you want a shorter period of work, 1 of these 10 cities might be the place for you.
Oct 06, 2015 5:25 AM EDT
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