Money Times

Australian man drags eBay to the court for unlisting his weed hat that stoked a political fire

An Australian man is suing eBay for thousands of dollars after it delisted the 'weed hat' he wore in a TV program. According to Daily Rover, Zaky Mallah, an Australian man has taken action against eBay and dragged it to the courtroom.

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Starbucks upbeat on record gift card sales on Christmas Eve

Starbucks Corp is banking on gift card strategy to boost business volume this holiday season. The American Coffee company is expecting a record number of gift-card purchases on Christmas Eve. The gift-card business is propelling more traffic and loyalty to Starbucks cafes.

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Asian stocks rise on Wall Street gains

The overnight gains on the Wall Street have boosted the market sentiment on Asian bourses ahead of the US Federal Reserve's meeting. The trading on Wednesday registered positive momentum in equities across the Asian markets.

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Hotels are turning to AirBNB for renting rooms

AirBNB is a platform on which people all around the world can rent out spaces of their choices. But now actual hotels are also seen on AirBNB, renting rooms.

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Deeper recession, faster CPI, higher rate squeezing Brazil

The Brazil's central bank will be under pressure to raise interest rate in 2016 amid gripped into the deepening recession. The borrowing cost is expected to rise by 0.25 percent next year. Brazil is suffering from rising inflation and easing productivity.

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Renault-Nissan’s CEO: Electric vehicle is an affordable solution to reduce global emissions

The 13 automotive CEOs across the world including the Renault-Nissan Alliance has released the statement on the weekend over the commitment to reduce global emissions by providing cleaner transportation.

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Prismatic will shut down its news app for iOS, Android and Web

Today, Prismatic declared that it will no longer be available and accessible for iOS, Android, and web news reader products and Interest Graph APIs for third-party developers.

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Airbus owners reach out future operators for Singapore Airlines’ planes

The owners of five Airbus A380s leased to Singapore Airlines Ltd, Dr. Peters Group and Doric, have begun seeking for potential future operators for the A380s as the Singapore Airlines is still evaluating whether to extend the leases.

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West Coast mayors will form consortium to build highway for electric vehicles

The mayors of five U.S. West Coast cities met in Portland for a two-day summit last week to deliver ideas to reduce carbon emissions on a regional level. The meeting was held as the world leaders met in the United Nations Conference on Climate Change (CPO21) in Paris to discuss carbon reductions on a global scale.

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Wealthy Chinese men are getting rid of their yuan despite IMF's endorsement

Despite the International Monetary Fund recent inclusion of the yuan or Renminbi in their basket, rich Chinese men are selling their money for other currencies, because they know that China's economy continues to slow down.

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On-demand parking service Luxe offers subcription options

A valet parking service app startup Luxe has launched a subscription service program for all its users. The company is now offering the choice of three monthly subscription plans as well as the car care program while the users' vehicle is in the custody of a Luxe attendant.

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Cotton piles up at warehouses globally

The world stockpiles of cotton are piling up giving less scope for investors on price rise. Cotton prices witnessed first weekly drop since November.

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Taylor Swift’s World Concert Documentary Launch on Apple Music Exclusively on 20th December, 2015

Taylor Swift is completely in a gift giving mood this Christmas with the latest launch of her 1989 World Tour Documentary on the Apple Music. On the occasion of Swift's 26th birthday, she announced that the release is scheduled on December 20, 2015, on her Twitter platform.

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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.

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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.

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