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The Prime Minister Visits The Olympic Park

World's largest steelmaker ArcelorMittal to raise $3 billion to reduce debts, sells Gestamp shares at $1 billion

The leading steel company, ArcelorMittal, has no option but to raise money to pay off its huge debts. The company has resorted to issuing shares and selling off its minority stake in Gestamp, the Spanish auto-parts manufacturing company. The decision should fetch Lakshmi Mittal almost $4 billion - $3 billion from share issue and $1 billion from Gestamp - and reduce the debt burden to some extent.

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Facebook Opens Data Center In North Carolina

Social Network Facebook to construct second data center in Ireland

Facebook announced its plan to open the second data center in Clonee, Ireland. By opening the Clonee center, the company is joining a list of companies like Google, Apple, Microsoft and Amazon, which operate some of the European centers in the nation.

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DHS Unveils US-VISIT Program To Capture Fingerprints And Mug Shots From Visitors

New visa requirements for European with dual nationalities to be introduced soon

The new regulation is being established initiated by the San Bernardino shooting in California that killed 14 people and left 22 wounded. It has drawn many concern and dismay among European citizens, especially those with the dual nationalities as mentioned. Europe could also reciprocate, restricting American with the same duality to enter Europe.

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Apple sells its new Iphone 6S in Japan

Apple to build its first iOS Development Center in Europe

Apple is all set to build its first iOS development center in Europe. With Italy's Naples as the chosen location, the world's largest app seller plans to provide opportunities to the students of the country to join the world's most enviable app ecosystem. Apple will help the teachers draw up a special curriculum to facilitate this process. Europe is already reaping the benefits as its developers have earned a total of $11.1 billion from sale of Apple apps. Now, with its move into Italy, the country is already looking at 75,000 job opportunities.

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GERMANY-AIR-TRAFFIC

WOW airlines now offer $199 flight from California to Europe

WOW Air has wowed the masses with its expansion into United States' South West at an unbelievable cost of $199. This carrier will fly passengers from California to Europe at this no-frills cost. A #WowinCali contest on social media has added to the hype, where the contest winners can win free tickets on this new route.

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Credit Suisse

Credit Suisse gets nod for Irish branch

Credit Suisse has received regulatory approval for opening its new branch in Ireland. The Swiss bank is setting up a new branch in Dublin as part of its cost reduction exercise. Credit Suisse is restructuring its securities trading and prime brokerage operations. Credit Suisse is in the process of meeting capital requirements and improving shareholder returns.

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Carlos Ghosn

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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Microsoft Lumia 950

Windows 10 Lumia for the budget smartphone market sells for $139

Budget consumers itching to get their hands on a Windows 10 run smartphone could rejoice to the release of the Lumia 550 as it is up for grabs for only $139. Gizmodo writes the phone is perfect for those who need a Windows phone but are on a tight budget because it is the cheapest Windows 10 handset available yet.

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Naspers CEO Bob Van Dijk

Africa's Largest Media Company Extends Its Operation Worldwide

South African largest media company, Naspers increases its U.S exposure. The company that has operated in 130 countries is ready to expand its service worldwide

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Warren Christopher (L) and William Perry (R)

U.S Government Is Putting Huge Effort To Pace Up With The Surging Demand Of Weapons

In order to ensure faster processing of foreign arms sales in the US, the government is putting immense effort. In the financial year 2015, the foreign arms sales heaved 36% to 46.6 billion. Besides, as per pentagon official's view, the sudden surge expected to remain strong in the coming years.

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Solar panels

Morocco to build the world’s largest solar power plant

Morocco will build the largest concentrated solar power in the world at Ouarzazate city. The project, alongside with hydro and wind, will help provide nearly half of Morocco's electricity requirement by 2020.

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European Union

Europe recession looks enduring, warns think tank

Europe recession looks enduring, warns the IPPR report. It said the severe unemployment and underemployment in Europe are signals of an alarming situation about the deepening recession.

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Tesla Model S

Tesla Motors recalls 90,000 Model S cars over a seat belt issue

Luxury vehicles as much as possible are perfectly manufactured from every angle to maintain company's repute and market. Tesla, despite being relatively small as compared to automakers, cares more about its repute. Even a single fault discovered in its luxury vehicles isn't tolerated.

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India's Prime Minister Narendra Modi (L) and Mark Zuckerberg

Facebook debuts Instant Articles on Android in India

Facebook is a platform for social connectivity as well as for presents a ground for many advertisements and articles. Facebook has rolled out 'Instant Articles' in India on Monday together with India Today, Quint, HT, The Indian Express and Aaajtak.

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HSBC

HSBC Pre-Tax Profit grew more than expected due to lower regulatory fines cost

Due to the lower cost of regulatory fines, HSBC's pre-tax profit in the third quarter increased 32 percent to $6.1 billion from $4.6 billion in the same period last year, beating analysts' expectations of $5.2 billion.

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