Over the recent weeks, Canada has been seen quietly disposing of its gold reserves, so much that the reserves now stand at 0.62 tons. The decision to sell the yellow metal is said to be issued straight from the Finance Minister, Bill Morneau's office.

Amazon just closed a deal worth Rs 9.5 Crores acquiring a 26 percent stake in the India fifth largest publishing company, Westland. Amazon bought the shares from its main investment firm, Trent Ltd, a company owned by the Tata Group.

Rolls-Royce halved its dividend payment to shareholders this year. However, many were relieved to get a dividend amount itself, especially since the company had issued five profit warnings in two years. Despite a fall in profit by 12%, the company shares jumped 13%.

Commerzbank posted a profit for the fourth quarter of 2015, helped by lower provisions for bad debts. The bank expects to report a mild increase in 2016 net profit.

A recent research shows that there is a significant increase in the use of online dating services, especially via mobile dating apps. There are also significant increases in two particular age groups, which is young adults and older adults between the age of 55-64 years old. Personal safety remains a major issue for online daters, but most still believe that the method is more efficient and help them find a better match.

Apple is rumored to have selected Taiwan Semiconductor Manufacturing Company as its sole manufacturer of the processor chip for iPhone 7. This puts Samsung, its other chip maker, out of the equation. TSMC is now all set to roll production for the superior A10 chips in June.

Zimbabwe suffers a massive disaster in the form of drought which has hit immensely on the entire country. The Vice president Emmerson Mnangagwa has appealed for $1.5bn aid from the local businesses and charities to save more than a quarter of his population from extreme water scarcity.

Tesla has release it's Summon software update that will allow users of its Model S to remotely park their cars. The technology will also increase the safety for the driver.

Following Verizon, AT&T announced on Friday to conduct field test of 5G network by the end of this year. The fifth generation of mobile network will offer data transfer speed beyond current capacity in 4G network.

Jamie Dimon, chairman and chief executive officer of JP Morgan Chase & Co, spent $26 millions to buy shares of his bank on Thursday. The share purchase is translated as good sign by other investors as the shares climbed by 2 percent after the news broke out to the public.