Malaysia has trimmed its growth forecast mainly due to plunging oil prices. A miscalculated assumption has messed up the 2016 budget, which has the government groping for damage-control measures. One of the key outcomes were increasing the household spending of the country, which can give the sluggish economy a much-needed boost.
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Iran Nuclear Sanctions Lifted: Air France and KLM Are Ready to Reinstate Direct Flights to Iran
Air France and KLM are planning to reinstate direct flights to Iran, now that the international sanctions regarding the country's nuclear ambitions are lifted. Iran also planned to request direct flight to the U.S, for the first time since the two countries broke their diplomatic relationship 36 years ago. Air France and KLM are expected to start flying to Iran within the next three months.
Snail Slime: Korean’s Face Cream Secret Ingredient, Another Hit From Korean Beauty Industry
South Korea is famous for its skin care and cosmetic products that use unusual traditional ingredients, including snail slime. This ingredient is said to be very helpful in the skin collagen formation as well as to be used as moisturizer. More and more Korean beauty products enter the U.S. as the demand is also increasing.
Obesity in Children Increased Dramatically, WHO Seeks Political Commitment In Tackling The Issue
Childhood obesity has increased drastically worldwide and WHO seeks political involvement in handling the issue. About 48% of obese and overweight children aged 5 and below reportedly belong to Asia and Africa.
Argentina Is Facing The Worst Ever Locust Plague In 60 years
Argentinean farmers are reportedly facing the worst kind of locust plague ever in the last 60 years. The plague if not contained could lead to severe crop infestation, resulting in starvation and famine.
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Under a supposed repatriation program, Germany is bringing back its gold reserves from the vaults of Paris and New York. Germany had stored all its bullion overseas fearing a Soviet Union attack during the Cold War. Till date, the Deutsche Bundesbank has managed to get around 366 tons to Frankfurt, which is almost half of the total reserve of 674 tons that it plans to repatriate by 2020.
Boeing To Reduce Production In 2016, Orders For 6000 Aircraft By No Means Indicate Decaying Business
Boeing has announced reducing production during 2016. The news has caused US Aerospace Share prices to go down by 9% on Wednesday, which has regained a little on Thursday. The production cut is not due to tattering financial condition of the aircraft manufacturer, but it is related to a transforming strategy. Still the manufacturer holds orders for delivery of around 6,000 aircraft, which represents a different tale.
Aedes mosquitoes are the bearer of Zika virus which is available across the US. WHO warns the US for a probable Zika virus induced epidemic. Brazil has appeared as the most Zika affected country. The US and other governments have issued a travel alert for the pregnant women forbidding to visit the Zika prone region. The travel alert has offbeat the organizers of the Rio de Janeiro olympic scheduled to be held in August.
Movidius, a chip maker, working on neural network technology has announced collaborations with Google on Thursday. Under the partnership agreement, Google will arrange license for some low power chips of Movidius. In return, the search engine provider will be able to use the machine learning and computer visioning technologies to its mobile devices. Computer visioning capabilities will enable users to experience low latency on their mobile devices.
The healthcare industry has yet to see a service that could completely change the industry similar to how Uber and Airbnb change their respective industries. Industry professionals give their opinion on what could become the big game-changer for the healthcare industry.
Gold soared to three-month high early this week as investors switched over to safe have following the concerns about the global economy. The US Federal Reserve indicated a challenging global economy and this may not prevent it from raising interest rate. Gold price reached to $1,127.80 on 27 January and this propelled investors to book profits.
The average gasoline price fell to seven year low and is hovering at $1.91 per gallon in the US. If crude oil price continues to move upwards, then the gas price fall may rebound in the near future. According to AAA, the average may not go above $3 a gallon in 2016. Gasoline price fell 14 cents during the past two weeks.
The MTA has banned hoverboards from the New York City transit system for safety reasons. According to the latest rules, riders will not be allowed to bring the two-wheeled motorized devices on buses, subway platforms and trains
Apple is rumored to launch a new hybrid iPhone called iPhone 5se and new Apple Watch models. The rumor mill has churned out the latest on Apple: Apple will be releasing a new special edition phone based on one of its earlier iPhones, which is expected to be smaller and supports Apple Pay and for capturing Live Photos.
