Obama Administration seeks $1.1B additional funding to battle heroin and abuse of prescription opioid

President Barrack Obama seeks an additional $1.1 billion in the face of increasing death rates due to overdoses of heroin and opioids. The Obama administration has already split the amount and categorized them to focus on different aspects like increasing medical-assisted facilities, prescriptions of antidotes, plans for overdose prevention, etc. These facilities are to be rolled out to the rural areas as well.

Europe

Takata's restructuring plan unveils in May for car makers

Takata Corp, a manufacturer of airbags used in vehicles for consumer safety, will announce its restructuring plan to automakers in May. The restructuring plan is expected to include the sharing of recall costs. The defective airbags are forcing automobile majors to recall millions of cars.

Shanghai Disneyland Announced Cheapest Ticket Prices

The Shanghai Disneyland's ticket prices would be 20 percent cheaper than Hong Kong Disneyland at 539 yuan, even though the Shanghai's area would be much larger. After being constructed for more than six years, the park would be ready to open for public this summer with possible further expansion.

Africa

Vodacom's Q3 revenues up 8.7%; sees weaker growth

Vodacom Group Ltd has recorded 8.7 percent growth in third quarter revenues. The South Africa-based mobile phone company is focusing on subscribers and high-speed network expansion. Vodafone is expanding internet services and strengthening its network amid rising domestic competition.

Japan to curtail soaring drug prices

As part of reducing costs, the Japanese government is seeking lower drug prices by moving towards more generics. The ageing population and rising debt are taking a toll on the Shinzo Abe's government. The Japanese government is aiming to reduce prices of branded drugs.

Pepsico's stake offer rejected by Greek-yogurt maker Chobani

Chobani, founded by billionaire Hamdi Ulukaya, turned down an offer made by Pepsico this Friday. The beverage giant wanted to buy out the majority stake in the Greek yogurt maker, but Chobani was only interested to sell the minority stake, resulting in the deal fallout.

iRobot to Sell its Military Division, Focus Soley on Consumer Goods

iRobot is selling its military division of its company for up to $45 million. The sale was because of pressure from shareholders.

Qube Group offers Asciano A$9 billion, exceeding Canada's Brookfield bid

Qube Holdings have come up with a more tempting offer than its competition, Brookfield, in acquiring Asciano. A greater cash component thrown into the deal has tipped the scales in their favor, which Brookfield has only five days to match.

GitHub faces overhaul as many executives quit

GitHub is experiencing a huge inner havoc as many executives flee from the company. Chris Wanstrath has been overhauling the firm's culture backed by its board.

PSA Peugeot Citroen Will Pay $446 Million in Compensation to Get Back to Iran's Markets

Peugeot suspended sales from Iran in 2012 following nuclear sanctions expansion to the automobile sector. Now that the sanctions are lifted, Peugeot immediately strives to reinstate partnership to come back to the markets that cost it 10 percent of global deliveries when the sales are suspended. It costs Peugeot $446 million in form of compensation and services.

Sony Releases US Oriented Versions of Xperia Z5 And Z5 Compact Excluding Biometric Authentication

Sony has kept its words through releasing Xperia Z5 and Z5 Compact smart phones in committed date. But the US oriented version of the Z5 genre hasn’t inherited the biometric authentication system. This lacking will affect the consumers using Android 6.0 and thus shave Sony’s profit margin to some extents.

Morgan Stanley to increase staffs in Japan

Morgan Stanley intends to hire additional bankers in 2016 in order to contend with its rival Nomura. The company failed to present the exact number of staffs being hired.

Silver Lake invest $500 million in Symantec

Private equity firm Silver Lake will invest $500 million in cyber security company, Symantec. The money from the investment will be used by the company to buy back shares and issue a $4 dividend to shareholders.

HSBC to pay $470M total for federal government settlement as relief to borrowers and homeowners' foreclosure abuses

As per the federal agreement, HSBC has agreed to pay $470 million to provide relief to abused mortgage loan borrowers. The payment will be directed towards mainly Virginia, along with 48 other states. The bank, accused of malpractices like robosigning and bad loan designs, will now be monitored by an independent body to ensure it adheres to the revised banking standards and settlement terms.

Google Approaches One Step Ahead Towards VR, Plans For Headset As Successor To Cardboard

All the tech giants are investing heavily in the research and development of virtual and augmented reality products. Google has been reportedly planning a successor to the cardboard VR viewer. The smart phone based headset incorporating improved sensors and lenses will be housed in a solid plastic casing instead of a cardboard.

Wall Street strategists lower S&P 500 estimates

Contrary to earlier bullish predictions for 2016, several Wall Street strategists have started lowering their forecasts on S&P 500 stocks. The Chinese economy slowdown, volatile oil prices and interest rates are the major reasons for drop in forecast. The gap between highest and lowest forecast has been widening.

Android 6.0 Marshmallow's Best New Features

Android users can experience the new system update since 2015. Some remarkable new features include security improvement, performance management, user interface, storage improvement, and support to new innovations including the Type-C USB.

China's foreign exchange stocks decline to trillions

China's foreign exchange reserves had declined reaching to trillions. However, the government made efforts to support the local currency from dropping further.

IKEA Lost Its Trademark in Indonesia After a Dispute With Local Furniture Company

The case was brought to Central Jakarta District Court in 2014, and the decision was ruled by the court last year. The plaintiff made the case by presenting the Indonesian trademark law which stated that a trademark could be deleted if the company had not used the name for commercial purposes in three years after registration or after the last use.

Wiper, alternative messaging app for costly movies

Messaging app Wiper has raised a total of $4.5 million seed funding from its investor Michael Choupak adding $2 million dollars. The service launced $4.99 monthly subscription fee to preview and watch thousands of original short and long, inexpensive indie films that can be compared to expensive Hollywood movies.

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