China has emerged a winner against crashing commodity prices and recorded a benefit of $460 billion this year. Out of this windfall, $320 came from cheaper oil prices alone and the remaining $140 billion from other commodities like energy, metal, and agricultural items.
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Malaysian Prime Minister cleared of corruption as the fund received is a 'gift' from Saudi royal family
Najib Razak has been cleared of corruption case of over $681 million as the money is a 'gift' from Saudi royal family. According to the Attorney General Apandi Ali, the sum in prime minister’s personal bank account has no link to troubled state fund 1MDB.
China and Iran Agreed to Expand Trade and Bilateral Cooperation
China's President Xi Jinping and his Iranian counterpart Hassan Rouhani enter a new era of cooperation between two countries. In their meeting on Saturday, both countries agreed to expand trade to $600 billion in the next 10 years and bilateral cooperation.
Finance Tech Company Bluevine Completed Its Series C Funding
BlueVine the fintech startup company completed its $40 million in Series C funding last Wednesday. The investment was led by Menlo Ventures and other participants.
Experts Say The U.S. Opioid Overdose Epidemic Could Be Due To Racial Stereotypes
The growing rate of opioid overdose epidemic could be caused by the racial stereotypes according to experts. Because of the stereotype, doctors tend to be more strict to black patients in giving opioid prescription to ease pain than to white patients. It then leads to the drug addictions among more white Americans.
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The decreasing of China’s economic growth to the lowest rate in the last of 25 years has influenced the world’s economy. It made the International Monetary Fund slashed its global growth forecast for the third time in less than a year.
Aircall said that it has raised about $2.75 million in a seed funding round. The funding was headed by Balderton Capital, followed by FundersClub and US-based angels.
The statement came from Baidu's senior vice president Wang Jing. He believes that Baidu has some advantage over other car makers, especially local knowledge. The company has already invested a lot in the development of AI, that could help the development of autonomous cars.
Tesla cars sale fell below analyst expectation and its inability to roll out the Model X as promised lead J.P. Morgan analyst to reduce its profit projection for the fourth-quarter.
U.S. stock declined sharply on Monday over concern of economic condition and oil price. The Fed is scheduled to have a meeting this week, and market anxiously wait for the next step U.S. central bank will take.
On Monday trade's Twitter, Ford, Westrock, McDonald's and Tyco are among the highly active stocks on trade. Twitter and Westrock dropped on the closing, while McDonalds' and Tyco gained.
Jack Dorsey will be the next product boss. Jack Dorsey, the creator of Square and Twitter, will be able to infuse bold product modification which has been lacking at the company.
Airport ride-hailing service Wingz closed its Series B funding with $11 million on Monday. Expedia led the funding with participants from ltimeter Capital and Marc Benioff, CEO of Salesforce.com.
A Rubik's cube solved in 1 second is hard to believe, but if you say that a robot solved it in 1 second, you are not only amazed, you applaud the resultant effect of technology combined with human intelligence. Yes, that's what software engineers Jay Flatland and Paul Rose's creation just did and the proof lies in the form of a YouTube video.
