Asian market hit a worst week starting the 2016 trading. Global market also slipped following the turbulence in China.
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The Most Wanted Drug Lord Joaquin 'El Chapo' Guzman is Extradited to US
The most wanted drug lord, El Chapo Guzman will be extradited to U.S. following his arrest by Mexican authorities. Prior to his arrest, actor Sean Penn interviewed the drug lord in his hideout.
Welcoming the Gun Carrying Customers by Brooks’ Place Appears To Be a Business Promotional Stunt
Brooks’ Place, a barbeque joint in Houston, Texas, welcomes the gun carrying customers through a sign placed at its entrance. The smokehouse also offers a 10% discount for the handgun. Some business places have still continue to bar carrying guns in public, while some others remain hesitant in choosing a stunt.
India lifts ban on bullfight 'Jallikattu'
The ban on south Indian bull sport ‘Jallikattu’ has been lifted ahead of Assembly elections in Tamilnadu state. Jallikattu has been in practice in Tamilnadu for thousands of years and is being held during Sankranti festival season in January. Majority of Tamil people and politicians are thanking Narendra Modi-led NDA government for lifting the ban on Jallikattu, while animal welfare activists are opposing it.
Hyundai gear up to tap growing SUV segment
South Korean automobile giant Hyundai is increasing production of SUV vehicles. The company is struggling with sluggish sales in Sedan segment. Hyundai will increase the supply of Santa Fe Sport vehicles in both the formats - small crossover and large crossover-to explore the growing the SUV segment in the US market.
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Volkswagen has come up with a new solution to solve the car emission problem and is planning to install a catalytic converter to the car involved. The catalytic converter will also include installation of a urea tank to help break down the Nitrogen Oxide.
Office of Management and Budget director, Shaun Donovan, tweeted Thursday that President Barack Obama’s fiscal 2017 budget request will be rolled out on February 9.
Tesla S has got a new update of beta version software 7.1 named 'Summon', featuring to work with a distance of 39 feet without having a driver inside. In line with the existing Federal law, the autopilot is only allowed in private lands. However, the only reported shortcoming regarding inability to park autonomously is believed to eradicate with further developments in the near future.
The recently concluded CSE 2016 has witnessed demo of a smart motor cycle helmet by BMW Motorrad that is capable of displaying certain information. The helmet will run with two replaceable batteries with a life time of five hours in operation. It is expected to hit the market within a few years and thus BMW approaches to the world of augmented reality.
China seeks to disarm North Korea nuclear weapon. Beijing has initiated dialogue with South Korea after North Korean conducted its fourth nuclear test on Wednesday.
State-owned Saudi Arabian Oil Co. (ARAMCO) is possibly going for an IPO aiming to raise funds for $1 trillion to $10 trillion. Some shares of the IPO may be awarded among the local banks and investors following ARAMCO’s action plan. However, experience in banking operations in the kingdom is believed to play the key role for selection which put HSBC and JPMorgan well ahead in the IPO grabbing race.
IRS has fined some 8 million people and 1.4 million households are forecast to fall prey of fines due to ignorance on new healthcare law. Commonly criticized as the Obama Care Law, the new law instructs all Americans to go through insurance net. But mainly due to ignorance about mandatory submission of tax returns and moreover legally remain exempted from tax net, have fall victim to count fine for $210 each.
Researchers from the University of Lincoln in the United Kingdom will examine fingerprints and palm prints of people who lived in the 12th to the 14th centuries through a project called Imprint.
Taxpayers who would file their tax return beginning January 19 will have to wait until March 1 to get their tax refund due to the tighter security the IRS will implement to prevent tax frauds.
