Microsoft has put a prototype of data center under the ocean to examine its efficacy to work hundreds of feet beneath the ocean surface. The underwater data centers could reduce the delay in web service.
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South Korea Ambitions to Become Regional Hub for Tech Startups, Started to Blossom
Since her 2013 inauguration, president Park Geun-hye tried to enhance startups company and investing $3 billion. Now country starts to see the payoff of its initiative. One last hurdle is to change the people's mindset on entrepreneurship.
Nestle Japan Launched a Fusion of Chocolate and Its Traditional Wine in "Kit Kat Sake"
The product will hit the stores in early February, just in time for Valentine's Day. Kit Kat Sake is expected to be a worldwide sensation just like Nestle Japan's Kit Kat Green Tea. Kit Kat bars are particularly popular in Japan because the brand sounded like the Japanese for 'you will surely win'.
Nigeria seeks $3.5 bln loans to fill budget gap
Nigeria requires $3.5 billion funds to fill its $15 billion budget deficit. The falling oil prices are eroding revenues for the government. The largest economy in Africa is seeking $2.5 billion loan from the World Bank and $1 billion loan from ADB.
Credit Suisse, Barclays to pay $154.3mn to settle 'Dark Pool' probe
Credit Suisse Group AG and Barclays Plc will pay combined $154.3 million to settle regulatory investigations into their 'dark pools.' The New York Attorney General said that the fight against the fraud and rigging in the trading mechanism would continue further. The US Securities and Exchange Commission (SEC) observed that Barclays and credit Suisse have misled their investors by providing inaccurate information.
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Apple has been showing interests in developing wireless charging technology since they released the first iPhone. Their ambitions have been closer to reality and we could expect to see the new technology to be a key feature in Apple's devices as soon as next year.
Saudi Arabia has suffered from the oil price collapse, and needs to plan a diversified economic strategy. The country has called $30 per barrel oil price is not rational, and aiming to encourage foreign investment to enter the country.
Lesser light falls on the small smart-phone image censor and thus the image quality appears better in larger cameras. But smart-phone industry is in the trend for getting slimmer. Apple has recently been awarded with a patent that is capable of providing better image quality through small, spherical curved lenses. The patented imaging gears are suitable for iPhones and iPads.
Toyota Motor Corp is reported to cease production at its local plants in early February due to the shortage of steel. The halt in production may affect the company's aim to create 4.13 million cars in Japan in 2016.
Alrosa PJSC has recorded 45 percent growth in sales for the fourth quarter of 2015. The rebound in the global diamonds market helped Alrosa post encouraging performance. The diamonds prices in the global market fell over 18 percent in 2015.
Levi's 5012 jeans were very famous and highly demanded globally in 1990s. They were so popular and expensive that they could be traded for heroin in Mexico at that time. These apparels were also a sign of wealth and success.
Ford Motor said its fourth-quarter earnings beat Wall Street analysts' expectations and reiterated 2016 pre-tax profit forecast to be identical to or greater than the previous year.
Microsoft has revealed its quarterly earnings which have surpassed all forecasts and expectations. Its transition from PC platoform to cloud has been successsful as more and more companies are opting for this service. The leaders are quite confident about company growth and revealed their expectations from third-quarter which show some pretty optimistic numbers.
Oil prices rebounded on news that there may be production cut by OPEC. US Brent futures recouped losses by 6.8 percent and US crude pared 9.3 percent losses during the week. In overall, oil prices rebounded by over 25 percent after hitting 12-month low in January. Oil price hit $27.10 on 20 January 2016.
