Russia says there's proposal from OPEC on production cuts and it's open to have a word on oil production cuts. Russia is a non-OPEC oil producing nation. Russian oil minister said that the proposal envisages five percent cut in the oil production to support falling oil price. However, there's no clarity over the proposal whether it was from OPEC or non-OPEC members.

Zika has appeared as a nightmare to many Latin American countries. The number of Zika infected has reached 4 million landmarks since reporting of the first case just eight months earlier. Absence of proper vaccine has made the situation much more terrible. Recently, scientists have escalated the fears revealing climate change may also contribute to the spread of Zika and other mosquito borne diseases.

Apple has been used to acquire smaller technology enterprises occasionally and is reluctant to discussing its policy or plan. This has been referred as the Apple’s usual nod for purchasing any company by the analysts. Thus the analysts confirm Apple’s Flyby Media acquisition and predict developing of iPhone headsets capable of tracking subject’s motion.

Facebook users will soon be prohibited from coordinating private firearm sales using its platform and also through Instagram. The step evokes strict policies on regulating promotional posts on unlicensed gun businesses . The new rule is only applicable for person-to-person firearm sales, licensed gun dealers will be permitted to use the social network.

Security researchers have been paid $200,000 by Google to investigate Android's bugs. Google has started the security program for all of its products since last 2010. The company has spent approximately $6 million since then.

Facebook's growth is just unstoppable. The number of the active users keeps increasing, as well as the revenue it gains. Most of the revenue is said to come from the Facebook Lite, which is usually used by users with less sophisticated mobiles. Besides that, video ad also gives many contributions as well.

The social network giant posted a strong profit. On Wednesday, Facebook reported a $1.56 billion quarterly net income in fourth quarter of 2015.

South African Reserve Bank (SARB) has announced increasing key interest rates by fifty basis points to 6.75% on Thursday. It has also slashed down growth forecast to 0.9%. SARB has increased the interest rates for the second time with an interval of weeks. However, the rate hike will influence the Banks’ expenses and banking industry may witness job cutting as cost minimization effort.

Tesla denies rumor that the electric car maker will launch two new models in March. However, the company will build a third generation platform for its vehicle to support its sedan and SUV model.

WHO on Thursday has warned for probable spread of Zika virus across the North and Central American countries. Ahead of rising concerns for Zika spreading, drug makers and scientists have commented that manufacturing of an appropriate vaccine may even require a decade. These warnings has opened a huge business potential for Oxitec, an Intrexon subsidiary. Oxitec’s gene modified mosquitoes are capable of ensuring security against Zika for large populations.