Many venture capitalists like Chamath Palihapitiya prefer to park their funds in Amazon as the online retailer is forecast to grow over a decade. The reason is that it's not because of e-Commerce operations, but its cloud computing unit Amazon Web Services (AWS). Many companies will eventually pay a fixed fee to Amazon as they increasingly rely on cloud computing services to run their services.
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Amazon is Planning to Spend Over $3 Billion on Audio and Video Content
Amazon will spend more than $3 billion for Amazon Prime music and video content. With a 54 million members in the U.S., Amazon Prime wants to increase customers spending to boost its revenue following a downtrend.
New iPhone: News Leaks That Apple Would Introduce New iPhone 5SE on March
This new model is believed to be a cheaper and smaller version to the current iPhone 6 generations. Some physical features would follow the iPhone 6 generations, but the size would be similar to iPhone 5 generations. iPhone 5SE could be an alternative for people who would like the latest features but prefer smaller devices.
Russian Ruble Plunged To Record Low as Oil Price Keep Sinking
Russian ruble is decreasing and hits all-time record low against dollar last week. Starting this week, the currency started its way to recover and reach 10- day high.
More than 250,000 drone users registered
Over 250,000 drone owners registered their remote-controlled aircraft during the first month of the aviation agency's online registration system. The fresh set of rules came out after pilots complained about the drones flying near them.
Latest News
Microsoft and Google find it difficult to follow Apple. The two companies are starting to produce their own hardware, which unfortunately are still far from what Apple has. Microsoft is criticized for its Surface Book Laptop, while Google has received hard reviews on its Google Pixel C tablet. It seems that Microsoft and Google are following Apple in the hardware business.
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'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.
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.
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.
The airways announced new cabin design, completed with enhanced technology system to meet travelers' needs nowadays. Besides in-flight internet connection, they also improved new entertainment system with new features and bigger database. The timing of these new improvements coincides with JetBlue's sixteenth anniversary.
Vijay Mallya, chairman of United Breweries Holdings Limited, approached the Delhi Court on Friday for a legal representation before a panel of State Bank of India (SBI) members, where they would argue their case against being declared as willful defaulters.
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.
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.
