500 Startups is seeing a great potential in Vietnam, where more than half of its population are below the age of 30 and most adults are using smartphones. The Silicon Valley-based accelerator is preparing a $10 million investment fund dedicated for Vietnam startups.
Industry
Japan Will Promote Wine-Tourism Industry to Revive Economy in Disaster Zone
As Japan tried to revive economy in northeastern area after devastating tsunami and earthquake, winery is considered a good solution. Winery is pioneered in Miyagi prefecture to boost economy in disaster zone.
Samsung Gear VR Enables Connection and Video Sharing in Facebook
Owners of Samsung Gear VR can connect the headset to their Facebook accounts. Starting next week, users will be able to like and share 360-degree video from inside the VR headset.
Constellation Brands Is Recalling Corona Bottles Over Concerns That There May Be Glass Particles Inside the Bottles
Constellation Brands is recalling Corona 12-pack and 18-pack bottles over concerns that there may be glass particles inside the bottle. So for the company has not received reports of any injury caused by the issue.
German Utility E.ON Incurred Losses Doubled In 2015, Mulling For Focusing On Renewables
E.ON incurred losses has doubled in 2015 and forecasts for a gloomy 2016 due to historic low energy tariff and transformation of Germany towards renewables. Tremendous growth in the subsidized sector has forced the conventional energy firms to squeeze their businesses. Following the industry trend, E.ON has also planned for transformation focusing on renewables.
Latest News
The average price for used-car dropped modestly during February 2016, compared with the previous year period. According to Manheim, the median prices for used-vehicle in February amounted to $10,345, a decrease of 2% from the previous year period.
Nasdaq will acquire International Securities Exchange (ISE) for $1.1 billion from Germany's Deutsche Börse. The acquisition transaction is expected to close by end of 2016 year.
Audi has come out with a high performance diesel prototype sports utility vehicle (SUV) 'SQ7 TDI.' Audi is a premier brand of Volkswagen Group, which is facing regulatory investigation over emissions scandal pertaining to cheating software installed in diesel cars.
It's an irony for food restaurant chain Chipotle to face another issue with food poisoning when the store is making enough effort to recover from recent sanitation problems. Employees from Billerica location has been reported to be sick where one fell ill with norovirus making the shares to dive at 2.4%.
CoreCommerce, the Shopify competitor has initiated rolling in 2001 as a one stop solution in ecommerce business. Now a day, the ecommerce platform has appeared as a giant just behind Shopify, the innovator of the platform. The popular ecommerce platform has been acquired by a group of entrepreneurs and executives.
Whole Foods Market Inc has entered into separate agreements with SolarCity Corp and NRG Energy Inc for installation of solar panels on rooftop of retail outlets. The installation works on solar panels at retail outlets are likely to commence in spring. Expected potential for solar power generation may be 13.8MW.
Exxon Mobil Corp's Canadian unit is selling its retail gas stations in the country to five fuel distributors for C$2.8 billion ($2.1 billion). The transaction is expected to be completed by end of 2016 subject to the regulatory approvals.
Experts said the new chip-enabled or EMV credit and debit cards can help reducing fraud. However, incomplete adoption of chip cards and readers will make consumers and merchants vulnerable.
Drybar is set to open its 57th salon in the ritzy Tysons Corner mall of Virginia. Alli Webb, the founder of Drybar, aims to open 70 Drybar salons across the country and one in the region of Vancouver BC within the end of 2016.
