Money Times

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.

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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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CBS CEO said Apple paused TV subscription making it hard for broadcasting firms to coordinate

CBS Corp. Chief Executive Officer Les Moonves announced Tuesday that Apple has hit the pause button in its TV subscription plans. According to Talking New Media, this is a sign that coordinating with broadcasting firms to develop a system for their business plans is harder than what was initially expected.

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To raise money, Syria government imposes tax on Shawarma, restaurants

After struggling a bitter civil war for four years, Syria's government imposes tax on shawarma, restaurants, and other businesses in everyday life as new revenue source.

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Colombian central bank hints at rate hike

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.

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Ted Cruz Campaign collects psychological data from Millions of Facebook users

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.

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Talks of Dow-DuPont Merger: Futuristiic Powerful Mergers Can Help to Reshape the US Corporates

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.

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Bloom Lake iron-ore mine in Quebec now has a buyer after suffering massive losses

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.

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Congress to abolish crude export restrictions, oil refiners to receive $3 a barrel tax break

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.

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Jumbo jets may be heading to extinction amid changes in regulations, business dynamics

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.

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Smartphones to become obsolete in 5 years, Artificial intelligence will take over

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.

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Yahoo! Mail now allows Gmail accounts access

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.

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Chinese researchers creates mind-controlling vehicles

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.

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Generous Texas billionaire gave each employee $100,000 incentive

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."

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Malaysia Airport seeks owner of Boeing 747s left at KLIA

Three "international" airplanes were left abandoned at the Malaysian airport. When the owner of the aircraft was called out through advertisement, no one came forward.

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