Money Times

The BMW i8 Spyder will be in production very soon, says CEO Harald Krueger

The BMW i8 Spyder was first seen as a concept in the Beijing Auto Show back in 2012, but now, CEO Harald Krueger said a production version of the car will be introduced very soon.

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Apple joins Hour of Code project by using stores as classrooms to teach coding

This year, Apple is supporting the annual Hour of Code program by using all of its 468 stores all over the world as temporary classrooms teaching coding. Craig Federighi, Apple's senior vice president of software engineering, hopes to create a spark from this project among millions of children.

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A Philippine judge clarified the ruling of his court, suspending the application of permits by prospective drivers

A Philippine judge clarified Saturday that the ruling of his court doesn't stop operations of ride-sharing companies, but only suspend the application of permits by prospective drivers.

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GE turns down $3.3B Electrolux acquisition

General Electric Co. terminated the agreed $3.3 billion acquisition of Sweden's Electrolux AB on its appliance business. According to The Wall Street Journal, GE was under pressure by the U.S. Justice Department, which was blocking the sale due to antitrust issues.

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A long-stretched financial winter looms over Hong Kong

Hong Kong's international financial hub is reeling under pressure as the world's largest and second largest economies are impacting it more in a negative way.

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Ferrovial offers Broadspectrum A$715M in Cash

A Madrid base service and infrastructure company, Ferrovial SA offered a total of A$715 million in cash to acquire more than half of stakes in Broadspectrum Ltd. The new offer makes by the company comes after the Australian company rejected its previous offer a year ago that value the company at A$1 billion.

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Bugatti partnered with Palmer Johnson to create $3.5M super-yacht

Bugatti partnered with Wisconsin-based Palmer Johnson to develop an open-superyacht called Niniette, which costs $2.1 million to $3.5 million.

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IDC: Worldwide Smartphone Market Will See the First Single-Digit Growth Year on Record

On Thursday, the new market forecast said that global smartphone sales growth will cool to single digits for the first time amid the China's economic slowdown. IDC predicted the 9.8% increase in global smartphones shipment to a total of 1.43 billion units. Android dominates the market share with 81.2% with Apple holding only 15.8%.

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Apple iPhone 6c with 4-inch display expected to be launched early next year

A news came into hearing from multiple sources that Apple has decided to introduce its next smartphone series, iPhone 6c on mid of 2016. The price of iPhone 6c is quite low, which is from $400 to $500. It is expected to have camera properties of that of iPhone 5s, with latest a9 chip and much.

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Motorola Solutions Acquires Airwave for $1.2 Billion

Motorola acquires UK's Airwave for $1.2 billion to enhance its service business in mobile communication.

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Generic Drug Sale widens in Japan as Takeda and Teva join hands

Teva pharmaceuticals which is said to be the world's largest generic drug maker has joined hands with Takeda Pharmaceutical Co, for a definitive agreement to sell generic drugs in Japan.

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Human infants help teach robot infants, with help from UW Robotics Team

A team at the University of Washington has published a study showing that it seems possible for robots to learn tasks and goals by watching and imitating human actions.

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Armored Mercedes-Maybach S600 is the new bulletproof luxury sedan

Armored vehicle maker INKAS unveiled an armored version of Mercedes-Maybach S600 luxury sedan. The armored S600 offers a bulletproof body that meets European CEN 1063 BR7 standards. The armored Maybach S600 will be on sale next year and priced at $500,000.

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Ford recalls almost 452,000 medium size cars over possible fuel leak

Ford recalls 450,000 Fusion, Mercury Milan midsize cars that the gasoline tanks possible can leak fuel.

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Nielsen data reports smartphones and tablets eat up TV time

Nielsen's inaugural "Comparable Metrics" report revealed that the high rate of smartphone usage is eating up our time spent on watching TVs. The people aged from 18 to 34 year, who use their phones as streaming devices have risen to 26 percentage as compared to last year.

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