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Bitcoins As The Digital Currency Climbed To Highest Levels Since Early November

Major banks funding Bitcoin startup on recording blockchain deals

A bitcoin startup Digital Asset Holdings has received funding from major banks. It will work closely with investors on research and commercialization of bitcoin technology applications. Digital Asset said that it has raised over $50 million funding from 13 investors. The list of investors includes JPMorgan Chase & Com, Citigroup Inc, BNP Paribas SA, CME Group Inc and Accenture Plc.

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A vendor sits at a copper rod retail shop in Shanghai, China

Copper prices dancing to the tunes of China

The stockpiles levels in China, the biggest commodity consumer, are impacting copper prices in the global markets. Copper price is hovering at $4,400 per metric ton and is moving in consolidation phase. Chinese smelters may cut down output and stop increasing capacities this year.

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Dockers Sponsor Flannels For Heroes

Bankrupt cloudControl Releases Control Over dotCloud, PaaS To Suspend Operation on February 29

cloudControl, German owning entity of dotCloud, has filed for bankruptcy this week. To facilitate operation for the European brand, it has decided to shut down the operation of dotCloud. The PaaS has sent mails to its users regretting its failure to continue service and expresses gratitude for keeping trust on the brand. The startup that has once independently backed Silicon Valley’s prominent startup, Y Combinator, is going to end its path on February 29.

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HUNGARY-BUSINESS-TECHNOLOGY

IBM Confirms UStream Acquisition, Steps Further Towards Developing Own Cloud Video Streaming Unit

IBM has announced Thursday purchasing live video streaming platform, UStream. Details of the acquiring deal haven’t been disclosed, but the price believed to peg a price not more than $150 million in cash. IBM has furnished a press release in its website, which ends leaving probability for changing its narrated goals on forming cloud video unit.

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Apple Unveils New Versions Of iPhone 6, Apple TV

Apple Rumor : Apple's New Special Edition 4-Inch iPhone To Be Called "iPhone 5se"

Apple is rumored to launch a new hybrid iPhone called iPhone 5se and new Apple Watch models.

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Yellen Testifies At Joint Economic Committee Hearing On Economic Outlook

Overseas central banks are Fed's partner to accomplish rates

The Federal Reserve Bank have found a new partner in its struggle to confirm interest rate increase screens through the US economy. The trend of Fed borrowing billions daily to set a base under its standard policy rate has been conquered by foreign monetary authorities, Bloomberg said.

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American Express Co. Credit Cards & Signage Ahead Of Earns Figures

AmEx to slash cost by $1bn by 2017

Feeling the heat of competition in the global payments industry, American Express (AmEx) is in the process of reducing costs by $1billion by end of 2017. AmEx posted losses for the fourth quarter consecutively. The net income dropped from $1.44 billion to $873 million or 80 cents per share for the quarter. The forecast for this year disappointed investors and analysts.

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Royal Dutch Shell Plc Fuel Stations As Profit Plunges At Least 42% On Oil Slump

Royal Dutch Shell to slash 10,000 jobs to trim costs

Royal Dutch Shell is slashing the headcount as part of the cost cutting exercise. Anglo-Dutch company has decided to cut down 10,000 jobs in the wake of continuous drop in oil prices. The global energy major aims at reduction of costs by $3 billion in 2016 and it already reduced operating costs by $4 billion in 2015. Shell is also banking on synergy advantages from the BG Group Plc merger, which is expected to be completed in few weeks.

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US-LIFESTYLE-TRANSPORT-TECHNOLOGY

Amazon Offers Full Refunds For Hoverboards, Continues Selling

Amazon, among retailers, has started offering full refunds for hoverboards in US and Canada ahead of growing concerns for reported fire incidences. CPSC is investigating two wheeler balance boards manufactured by 13 companies. Earlier, the retailing giant has offered refund for the UK customers. Intriguingly, hover boards of different manufacturers are still being sold amidst offering refunds.

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US-ECONOMY-CONSUMER-DRONE EXPO

Norwegian's Megakopter Drone Set World Record of Lifting Heavy Cargo

A group of students in University of Oslo set a Guinness World Record by lifting a 134.5 pounds (61 kg) payloads with drone. The drone is a multi copter drone made of eight drones chained together.

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Shanghai Composite Index Declines Below 3,000 Points On Wednesday

Capital drains from emerging markets

Capital outflows from developing markets were higher than it was anticipated last year, according to a report by Institute of International Finance. The reason behind this oceanic change in emerging markets cash flow is China, which dragged out 676 billion US dollar.

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DHS Unveils US-VISIT Program To Capture Fingerprints And Mug Shots From Visitors

New visa requirements for European with dual nationalities to be introduced soon

The new regulation is being established initiated by the San Bernardino shooting in California that killed 14 people and left 22 wounded. It has drawn many concern and dismay among European citizens, especially those with the dual nationalities as mentioned. Europe could also reciprocate, restricting American with the same duality to enter Europe.

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Visitors Attend The Skills London Job Fair

UK unemployment rate at 10-year low; earnings slow down

The jobless rate in the UK was recorded at 5.1 percent for the quarter ending November 2015. This showed the lowest jobless rate since October 2005. However, wage growth is slowing down in the UK industry. The employment rate was at high of 74 percent since 1971, according to the latest data released by Office for National Statistics.

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Mahindra Satyam Gets New CEO

Tech Mahindra Manages $200 million For Investing In Startups Across The Globe

World Economic Forum (WEF) meeting is the perfect place to represent future business plans. Tech Mahindra, an Indian IT service provider, has been seeking opportunity to invest in startups since long. Finally, the Indian IT giant has chosen the meeting to elaborate its economic strength, technical know -how and keenness to portray itself as a potential startup investor.

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Silicon Roundabout As U.K. Tech Startups Raise Record Venture Capital In 2015

Chinese Venture Capital Cocoon Networks Open a $700M Fund in London

Cocoon Networks, a Chinese-backed venture capital group is setting up a £500 ($700) million fund in London. The fund is aimed to invest in European tech startups.

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