Association of British Insurance (ABI) will lead the newly created Automated Driving Insurance Group. The group is established to discuss issues regarding driverless car.
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Fed Keeps Benchmark Rates In Place, Hints For Further Hike In March
The policy making committee of the Federal Reserve Bank has announced keeping key interest rates unchanged on Wednesday. The inflation rate exists below predictions and job growth remains satisfactory. But ahead of global economic turmoil and considering strong Dollar outlook, Fed has decided to let the tightened monetary policy to go further. However, it hints for hiking interest rates during its next meeting scheduled to be held in March.
Leigh Steinberg Ventures With Jay Rogers To Invest In Sports And Entertainment Startups
Iconic sports agent Leigh Steinberg and his ‘Steinberg Ventures’ have partnered with Jay Rogers led Alpha Strategies to form an investment platform. Steinberg’s 40 years’ experience on sports world will be blended with Rogers’ 20 years’ experience in investment sector. The combined platform intends to nourish new entities emerging in sports and entertainment sectors to achieve their goals.
UK Market Fell on Tuesday as China Crisis Deepens and Oil Price Drop
As China crisis deepened, global stock market dropped on Tuesday and London's FTSE 100 experience a big loss of £20 billion ($28.5 billion). The market bounced back yesterday following the gain of Sage and oil price.
European Venture Capitals Closed €3.3 Billion in Fourth Quarter 2015
European venture capital closed € 3.3 billion ($3.59 billion) funding in the Q4 of 2015, a huge raise from the previous quarter. United Kingdom is still the top spot for venture capital funding and information technology companies are still the favorite sector.
Latest News
Presence of lead beyond acceptable has plagued Ohio and as the aftermaths, the schools of this remain closed for the straight 3rd day. Before Ohio, Michigan has reported tumbled with the same issue. But after conduction of investigation, the Ohio EPA strongly believes that the operator in water treatment plant of Sebring village has presented falsified test reports. The agency has sought legal assistance from the US EPA’s Criminal Investigation Division.
Facebook is expected to announce its fourth-quarter earnings soon and analyst are expecting that the company will deliver a better than expected report. The company is also expected to boost its revenue this year through the expansion of its video advertising, Instagram, and Oculus RIft.
Food and Safety Inspection Service (FSIS) under the US Department of Agriculture (USDA) has recalled mislabeled uncured pork pepperoni. Referring it as a Class II hazardous situation, FSIS advices Whole Foods customers to return the purchased products or just throw them away. But the recalling has taken place as consequences of changed ingredients from supplier’s behalf.
The lawsuit claims a penalty of $18 million as well as the returning of $2 million royalty payment because Jay Z was not abiding by the agreement that he would promote his signature fragrance. Parlux Fragrances claimed that they have lost millions from potential sales and development costs and demanded a compensatory fine.
Four years of drought in California is recorded as one of the most severe. The drought has taken effect on U.S. wine industry, as the amount of grape harvested is reduced significantly.
Toyota Motor is seriously contemplating a buyout of Daihatsu Motor Co., which would give the company direct access to Daihatsu’s 660 cc mini vehicles. This investment would fetch Toyota great returns in the emerging markets and also enable leveraging of the low-cost production model that has long been Daihatsu’s competitive advantage.
Unicorn is a term defining a startup company with over $1 billion valuation. Now, there will be other group of tech startups defined as "rabbit" to differentiate them from unicorns-overhype that become unicorpse.
Three stores in New York will be converted to Starbucks stores, one store in Beverly Hills will be closed completely, one other in Seattle will remain open. More than 350 retail locations will also continue to sell the Teavana products, and some of the menus will be incorporated into Starbucks' menu.
When we say TotalBiscuit, it’s the video game YouTuber John Bain. He bids an emotional goodbye to social media citing that he is not able to accept criticisms among other reasons.
