Japan is planning big for exploring 'fintech' (financial technology) segment. The world's third largest economy has decided to ease restrictions on investment in the fintech sector. After the proposed Bill is cleared by Japan's Parliament, banks can have 100 percent holding in non-finance related firms.
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Driverless Car Technology Will Boost £15 Billion to Britain's Economy
Chancellor of Exchequer George Osborne in his latest budget has set a £100 million ($141 million) budget for research and development of autonomos vehicle. Driverless cars will be tested on the road next year.
Three Promised to Surpass Coverage Requirement After Acquisition of O2
CK Hutchison promise to extend coverage in the UK. European Commission are currently investigating whether to approve the acquisition or not.
Support For Shinzo Abe’s Stimulus Package on Spending Measures Rises
Japanese economy has been witnessed to go through sluggish growth rate. To boost up the economic growth, Prime Minister Shinzo Abe has been planning for announcing a stimulus package of new spending measures. Meanwhile, a Nikkei Inc./ TV Tokyo conducted poll shows that support for Abe’s economic reforms has been witnessed to rise by 8% to 55%.
Nissin Made a Takeover Approach to Premier Foods, Buying 17 Percent Stake in The Company
Nissin has made its takeover approach to Premier Foods by buying 17.3 percent stake in the company. The deal made Nissin Premier Foods’ largest stakeholder, but the company must agree to not make a takeover bid to Premier Foods in at least six months.
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Due to the continuing harmful effects of El Niño, Malaysia's palm oil production has been greatly affected reducing output by millions of metric tons.
China is planning to become a major force in the global semiconductor segment. State-run XMC is setting up a major $24-billion semiconductor project in association with a US company.
The rise in household spending has propelled US economy to grow surpass earlier forecasts for fourth quarter of 2015. However, the US GDP growth rate eased in fourth quarter from previous quarter.
Billionaire Lakshmi Mittal-controlled ArcelorMittal is selling three of its US steel operations to Black Diamond Capital Management. As part of the sale deal, ArcelorMittal will offload three units at LaPlace in Louisiana, Harriman in Tennessee and El Paso in Texas. Both companies denied to provide terms of the deal.
Hawaii lawmakers are seeking to pass the bill on ivory trade ban. Thousands of African elephants and rhinoceros are being slaughtered because of their tusks and horns. Smugglers see Hawaii as their gateway to Asia to market illegal ivory and if left unregulated, the state would become the largest illegal ivory market.
A tentative deal was reached by the Californian government over a statewide minimum wage of $15 an hour. No specific information has been conveyed yet but labor unions will pursue their initiatives. Gov. Jerry Brown and his advisers are still debating about the wage increase that would mean an additional expenditure for the government as it already pays for the worker's services for the disabled.
Marijuana entrepreneurship is almost in every parts of the world, legal or illegal, for leisure or for medical purposes. Others see it as helpful but others see it as deadly. Pot is hot and the booming business seems to be unstoppable as other states began to legalize it.
Iterum Therapeutics Ltd. secured $40 million in Series A funding led by Frazier Healthcare Partners together with other venture capitalists. The said fund will be used to acquire license and to enhance the development of the anti-infective drug that could counter certain bacteria's resistance to antibiotic.
London's air has been reported of high levels of PM2.5 that was recorded from March 10-13. These minute particles can get inside the lungs and find its way into the bloodstream giving the body's immune system difficulty filtering it out.
