Money Times

China pledges $60B funding package support development efforts in world's poorest continent

China shows support to its long-time ally, Africa, by providing the continent funding support worth $60 billion.

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Japan's aroma sensing developer, Aroma Bit, hired two influential advisors

Japanese startup aroma sensor developer Aroma Bit has appointed Batara Eto and Atsushi Tanaka as its advisors.

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'Nano Terminator' Particles: Made from liquid metal, Seeks and destroys cancer cells

Liquid metal particles created by researchers have shown that they can send chemotherapy drugs directly to cancerous cells and also allow doctors to find cancerous areas.

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JPMorgan teams up with On Deck Capital to roll out new lending product

JPMorgan Chase has teamed up with On Deck Capital to accelerate the loan processing for the small business segment. On Deck Capital is an online provider of high-cost lending and will offer its technology platform for JPMorgan to speed up loan processing for its four million customers. JPMorgan will launch new Chase product in 2016 taking care of small-dollar loans.

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Global merger and acquisition deals are dominated by Internet of Things - EY

The latest review by EY reveals that as far as mergers and acquisitions are concerned, the 3rd Quarter of 2015 was dominated by deals involving the Internet of Things. Each of the deal averaging USD1.2 billion in value.

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Starbucks, Walmart and Chain Stores Recalled Products Because of E. Coli

Starbucks, Walmart and dozen chain stores recalled their food product due to E. Coli contamination linked to Costco chicken sandwich case last month.

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Africa's Largest Media Company Extends Its Operation Worldwide

South African largest media company, Naspers increases its U.S exposure. The company that has operated in 130 countries is ready to expand its service worldwide

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Petra and Ekapa Acquire De Beers Oldest Diamond Mine

Petra Diamond Ltd and Ekapa Minerals Pty have acquired De Beers oldest diamond mine in Kimberley.

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Italy's unemployment rate 11.5%, lowest since December 2012

The unemployment rate in Italy dropped to 11.5 percent in October, the lowest since 2012, reported the national statistics agency Tuesday.

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November 2015 Subaru sale surpasses 2014's 500 million units sold milestone

Subaru sold 526,401 units through November this year, surpassing its 2014 milestone record 513,693 unit sales.

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Express Scripts offers cheaper $1 pill alternative to Turing's $750 per pill drug

Drug prescription firm Express Scripts Holding Co. found a way to offer a cheaper $1 alternative to Turing’s $750 a pill drug.

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Ford invests $1.3B to support production of 2017 Ford F-Series Super Duty

Ford will invest $1.3 billion in its Kentucky Truck Plant to support the production of its 2017 Ford F-Series Super Duty truck.

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Japan state-fund mulls picking stake in Sharp Corp

Japan state-backed fund is keen on acquiring stakes in Sharp Corporation for Yen 200 billion ($1.63 billion). Sharp Corp recorded Yen 50 billion operating loss for the first half of 2015. The LCD business unit of Sharp Corp is a major contributor to the losses. Sharp is planning to spin off LCD business unit and later it may consider stake selling, according to media reports.

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Spotify is now the number one music streaming service globally

Spotify is now the world's most popular streaming music service, according to a new report from app analytics firm App Annie. The report also disclosed that Spotify has defeated ts biggest competitor; Pandora in terms of active users, downloads and revenue.

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Facebook plans to set up its first Asian data center in Taiwan

Facebook plans to build its first Asian data center in Changhua County, Taiwan. The company plans to invest $300 million for the data center that will sit on 20 hectares of land.

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