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Major US banks account for 20% of debts in Glencore

The major banks from the US have exposure to the debt of ailing commodity giant Glencore Plc. Bank of America, Citigroup, JPMorgan Chase and Morgan Stanley have reportedly lent $350million apiece to Glencore. North American banks contributed 20percent of the total loan exposure of Glencore. The ongoing slump in commodities market adversely impacted the Swiss-based Glencore's performance. This indicates potential alarming situation for the American banks if embattled Glencore slips into a liquidity crisis. Glencore is engaged in commodity trading and mining activities.

Hillary Clinton criticizes Trans-Pacific trade pact

Hillary Clinton, the US Democratic Presidential candidate, 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

Samsung struggling to increase revenue

The world's largest smartphone manufacturer, Samsung is struggling to increase its market share after the company continuously reported a decline in profit. The first decline is reported back in its third quarter revenue in 2014. Investors are anxious to see what Samsung has in plan to ensure more revenue for their next quarterly report.


Broadband spread in SA unplugs 'video on demand' biz

The massive expansion of fiber optic broadband (FOB) in Johannesburg and other up markets in South Africa is paving the way for video on demand (VoD) services. Many companies with offers of internet video streaming services are making a beeline to explore the untapped market in the most developed economy in African continent. It's learnt that US major in streaming video services is also entering the market.

2015 Nobel Prize in Medicine awarded to 3 scientists for drug discoveries from nature

Discovering antidotes and treatments from common to deadly diseases is a major breakthrough. Thanks to these three scientists who found a cure to get rid of parasitic diseases that has been a plague to mankind for centuries.

Adidas to release 3D-printed shoes

The future of personalized footwear has gotten a lot more interesting thanks to a recent update from Adidas revealing their plans to use 3D Printing technology to create a series of running shoes that will be the first of its kind.

Age does really matter in achieving financial success

Whether it's for an emergency fund, a college education, or a comfortable retirement, it's important to have savings. It's a crucial step in taking control of your financial life and can even have positive effects to other areas such as your emotional and physical wellbeing.

Facebook to launch satellite in 2016 to give Internet access to remote places

In a respectable attempt to provide access to the Internet throughout hard-to-reach places, Facebook is scheduling a satellite launch this 2016 that aims to make the World Wide Web readily accessible to people living in remote parts of Africa.

Making The Great “Goodbye, Job” a Better “Hello, Opportunities”

Whatever your reason on why you have to leave your current job doesn't matter. It's about your response. When doing a work exit, most employees are usually overwhelmed in the situation they are in. May your reason be a dreadful working environment, tyrannical hierarchy, or a new, greener field you are excited to be yourself in, you have to remember that leaving is not just all about you-- it is for every person in the room as well.

SunEdison layoff affects more than 1000 employees

SunEdison Inc., a solar company announced Monday about its plans to optimize its business operations and increase cash flow. This move will include layoffs, according to an internal company memo.

Look Ma, No Hands: Volvo Reveals How Their Self-Driving Cars Will Really Work

Volvo's Drive Me Project has finally revealed the technology that's behind the autonomous driving interface which they've appropriately named the IntelliSafe Auto Pilot. The control interface is easy enough to use, and surprisingly straightforward. When the driver is ready to put the Volvo on autopilot, the destination is set in the car's navigation system and it illuminates both shift paddles when it's ready to take over the driving. When the driver pulls both paddles simultaneously, all he needs to do is sit back and enjoy the ride.

$10,000 fine for drones near air show during Fleet Week

The San Francisco Police Department and the Federal Aviation Administration will be working hand in hand to ban drones while imposing a $10,000 fine for offenders during the 2015 Fleet Week which is set to happen this weekend.

Wall Street gains propel Asian indices up; China markets reopen on positive note

Taking cues from the overnight gains on Wall Street, Asian markets moved upwards marginally on Thursday. The reopening of trading in Chinese markets after a long-week holiday streak also infused fresh interest into the market.

Herbalife shares tumble on Nu Skin's lower forecast; Ackman continues his allegations

Tracking to the steep drop of over 25 percent in competitor Nu Skin shares, Nutrition company Herbalife Ltd's stock also plunged over seven percent.

Airbus calls off talks with Bombardier on C-Series Jet project

The ongoing talks between Airbus and Bombardier have ended incomplete as the former called off discussions soon after they became public.

Obama confident that Congress will vote in favor of TPP

US President Barrack Obama makes his first public remarks in front of business leaders at the U.S. Agriculture Department saying that he is confident that Congress will approve the Trans-Pacific Partnership (TPP) trade deal.

Toyota to launch driverless cars by 2020, unveils semi-automatic Lexus GS

Japanese automobile major Toyota Motor Corp is planning to launch driverless cars in the market by 2020. Toyota will launch three models in semi-automatic range this year in Japan market. The semi-automatic cars equipped with Intelligent Transportation System (ITS) are technology-driven vehicles that change lanes, merge with traffic or even overtake other vehicles. The fourth generation Prius hybrid car is one among the three semi-automatic models is scheduled for launch in Japan market in 2015.

Mercedes-Benz self-driving truck began its road test in Germany's Autobahn 8

Daimler AG's Mercedes-Benz truck, Actros, the world's first self-driving truck, had started its road test on Germany's public highway. Daimler plans to release the autonomous truck by 2020.

US firms stash $2.1tn overseas to skip tax at home

The US companies are keeping their profits made overseas out of the homeland in order to avoid taxes. It's estimated that 500 large US companies are holding over $2.1 trillion accumulated profits overseas to avoid taxes. These companies have to shell out $620billion by paying US taxes to repatriate the funds.

AI startup Perceptio acquired by Apple

Apple Inc. confirmed today that its company had acquired a startup technology company call Perceptio. The detail of the acquisition is not made public as told by Apple spokesman to Bloomberg.

Ubisoft acquires Ivory Tower, the French developer of The Crew

The worldwide games developer, Ubisoft, finally acquires Ivory Tower, the French maker of The Crew racing game. After years of collaboration with Ubisoft driving experts, Reflections, Ivory Tower is now part of the Ubisoft. The gaming developer confirmed the acquisition in the blog.

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