China's central bank cut lending rates for the fourth time since November and trimmed the amount of cash that some banks must hold as reserves, stepping up efforts to support an economy that is headed for its poorest performance in a quarter century.
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Airbnb closes in on $1.5 billion fundraising
Online home-rental marketplace Airbnb Inc is closing on a $1.5 billion fundraising that would boost the company's valuation to $24 billion, the Financial Times reported.
Rising interest rates pose new risk for banks: BIS
Rising interest rates after years of loose monetary policy will pose a fresh risk to banks' ability to absorb losses using capital buffers, the Bank for International Settlements said in its annual report on Sunday.
Volkswagen to launch budget car family in 2018: CEO in paper
Germany's Volkswagen (VOWG_p.DE) plans to launch a family of low cost budget cars in China and possibly elsewhere starting in 2018, its chief executive said in a newspaper interview on Sunday.
Greece considering capital controls, closing banks on Monday
Greece said it may impose capital controls and keep its banks shut on Monday after creditors refused to extend the country's bailout and savers queued to withdraw cash, taking Athens' standoff with the European Union and the International Monetary Fund to a dangerous new level.
Latest News
An open letter was written by Taylor Swift on June 21to Apple announcing that she will not be putting her new album "1989" on the company's newest streaming service. Her decision withholding her album to be played on Apple was because of the reports that the company is not paying artists for the music being consumed within the first 3-month free trial period. As TayTay is planning for a major modification for a big company's standards, her boyfriend Calvin Harris praised and supported her actions.
Caitlyn Jenner continues to shine as she is set to debut in a new E! docuseries I am Cait. The star talks about transitions, love of family, and acceptance of oneself in the tell all series.
Prometheus 2 is underway, as the film's script has confirmed to have been completed. The film will not be set on earth, but might feature two new alien species that are related to xenomorphs.
Bandai Namco revealed Tekken 7’s newest roster of characters including the additionals and the regulars, with the trailer revealing one additional character’s role on the Mishima family feud.
Telltale’s Tales from the Borderlands Episode 3: Catch a Ride is now available for PC/Mac, iOS, Android, Xbox One, Xbox 360, PS3 and PS4. The newest installment of the game continues the search of the owner of Vault key and new encounters and challenges await the ragtag crew. Players who already own a Tales from the Borderlands Season Pass no need to purchase the third installment.
Riot Games recently released the League of Legends 5.12 Patch with the hopes of bringing back the AP junglers, in the quest for diversity or as they put it as player’s choice, reflected in the new Runeglaive jungle enchantment. A new champion to join League of Legends is revealed while current champions get nerfed while others get visual updates.
Blizzard will make the patch 2.3.0 for Diablo 3 available to the Public Test Realm (PTR), and the new features include a new zone, a new artifact, updates on old features and changes in combat.
Like the previous releases, Call Of Duty: Black Ops3 is going to have a Zombies Mode. Official zombie mode to be revealed during next month’s Comic Con.
Guerilla Games art director Jan-Bart van Beek says that the upcoming PS4 game "Horizon: Zero Dawn" will not feature a tutorialized introduction to the game's mechanics, but will instead encourage players to discover enemy weaknesses on their own.
