The Colombian Central Bank is heading towards a hike in interest rate. The Colombian government is keen on checking inflation rise and control the current account deficit.
Regions
The Plan to File a Lawsuit Against Amazon by the NJ Mayor has been Abandoned
Less than couple of weeks after threatening Amazon, NJ Mayor has abandoned the plan to file a lawsuit against the retail giant. Earlier this month, Dave Fried, the Robbinsville Township Mayor had threatened to sue Amazon once a senior company official failed to show at a crucial meeting on Wednesday. The meeting was arranged to discuss the hefty traffic generated by Amazon's fulfillment center.
Alibaba Ventures into the Print Media Business Buying The South China Morning Post For Around $262 million
The SCMP Group finally closed the deal with Alibaba at a whopping US$262 million approximately. After many rounds of rumors, the Chinese company has announced that Alibaba has agreed to venture into the news business acquiring The South China Morning Post. This Hongkong based newspaper and the other assets of the SCMP Group including the Elle and Esquire sister concern publications and websites will cost Alibaba a big sum of more than $2 million.
Australia To Fund Wind Power Again; Turnbull Lifts Abbot's Ban
First introduced by former Prime Minister Tony Abbott, the ban on government investment on wind power was lifted as part of Malcolm Turnbull's innovation agenda. The Clean Energy Finance Corporation is now able, due to Environmental Minister Greg Hunt's new orders, to spend the $10 billion on new wind power projects.
Golden Globes Nominees: We Like to Netflix and Chill Too
The 73rd Golden Globe Award nominations have been announced this year and there's a distinct source where a majority of the nominees are from. It looks like Americans are starting to get their entertainment from on-demand viewing channels instead of traditional broadcast or pay-TV.
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US Presidential Candidate Ted Cruz harvests data called "psychographic profiles" from tens of millions of US citizens in Facebook. According to The Guardian Ted Cruz's campaign collected these data without the permission of the Facebook users.
The new financiers are all set to invest a good amount of money into futuristic campaigns. They wish to bring in a much-needed transformation to the numerous U.S. companies that have created a solid niche in the past few years by producing high returns.
After crumbling down a year ago for suffering massive losses, Bloom Lake iron ore mine in Quebec finally has a buyer. The losses Bloom Lake incurred shows how the commodity meltdown has adversely affected the metals industry.
The US Congress is pushing a tax break for oil refiners as a compromise to finally allow unrestricted crude-oil exports. According to The Wall Street Journal, the bill could potentially end the long-time ban on U.S. oil exports, which has been around for forty years.
After ruling the global aviation sector for over 40 years, the wide-body jumbo jets faces a threat of possible extinction. The Boeing 747 wide-body, long-range jumbo jet faces stiff competition from Airbus A-380. Boeing sees a drop in orders for jumbo jets while Airbus has not received an order for the double-decker A-380 after the major order it won from Emirates Airlines.
Swedish telecom expert, Ericsson, has claimed that artificial intelligence will soon become the mode of interaction and communication overpowering smartphone in the next 5 years.
Two months before, Yahoo declared a new Yahoo Mail app which supports Hotmail, AOL and Outlook accounts. Now, Gmail has joined too. Yahoo Mail is also best email service provider like Gmail or Hotmail. But recently Yahoo has added new features.
The advanced tech-world has enabled the manufacturers to construct vehicles with different properties. One of the examples is the creation of 'mind-controlling' cars. According to Reuters, the research team from Nankai University has worked for the whole two years to bring merely an idea of the mind-controlling car into reality.
Hilcorp Energy Co. gave each of its 1,381 employees $100,000 for hitting its five year goal. According to a report from the Sydney Morning Herald the bonus is part of the Houston-based company's incentive program called "Dream 2015."
