BMW North America faces a penalty of up to $40 million by U.S. auto-safety regulators for recall failures. According to US News, U.S. safety regulators have fined penalty with German automaker BMW AG with $40 million for a reason of not fast fixation of their Mini brand cars that failed federal crash tests.
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Restrictions on baggage removed from Malaysia Airlines flights
Normal check-ins of baggage was resumed by Malaysia Airlines after restrictions due to powerful head winds. These head winds inhibit the airline's capability to carry cargo and baggage.
Oakley Glasses: Intel’s Radar Pace Empowered Athletic Smart Glasses
Intel’s Radar Pace Technology has been successfully incorporated in Oakley branded smart glasses, are capable of analyzing athletic performances and coaching thereto. The glasses have been represented before the audience of Consumer Electronics Show, 2016. Unlike Google Glass, the Radar Pace technology instructs the wearer doing everything just by talking.
Oil slump hits $125-mn property debt in North Dakota
The continuous drop in oil price for the past 18 months may impact $125 million real estate-backed securitized loans in North Dakota. The oil drillers in North Dakota have reduced their activity in the wake of lower oil prices. The reduced activity in shale hubs is poised to dampen the property market in North Dakota.
South Korean exports drop for 12 months
Continuing 12-month falling streak, South Korea suffered drop in exports during December 2015 as well. The sluggish Chinese demand and weaker global outlook have impacted South Korea's exports in 2015. The drop in exports surpassed the forecast of economists.
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Budget legislation closes in on an additional $610 million to fight wildfires in 2016, which still needs approval by the Congress. According to ABC News, the budget will be given to the US Forest Service, which spent $1.7 billion in extinguishing fires in 2015.
For a college student, it is exceptionally hard to manage studies and a regular job simultaneously. But at the same time, the need for money also raises the stress level of a student who wants to be financially independent regarding their pocket money.
Samsung has announced the new high-end smartphone in the Galaxy A lineup, called the Galaxy A9. The new smartphone was announced this week in the Galaxy A Party event in China after its specifications and design were leaked for several times in the past few weeks.
Mexico oil giant Petroleos Mexicanos (Pemex) is planning to trim its headcount in 2016. The State-run company has suffered a record loss, while its production is declining to 25-year low. Pemex has taken up a restructuring exercise to bring back profitability to the company.
An aerospace company Arca Space Corporation has unveiled a hoverboard than can actually fly. The hoverboard, called ArcaBoard, is a rectangle fan-powered board that can lift a person off the ground by almost a foot.
This Christmas eve of this year has come up with another good news for the music fans. The Beatles' catalogue will soon be arriving on streaming services.
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.
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.
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.
