The timeframe to this plan is still unknown, but the central bank claims that the process has been going on since 2014. China has stated some benefits for having a digital currency in their financial system, including transparency, digital track-recording, as well as reducing transaction costs. Bitcoin, a global digital currency, gained popularity in China in 2013 but has also brought some controversies about the risks.
Archives
Sprint's Vice President of Product leaves after 25 years of Service
Sprint - the 4th biggest Telco in US - has been taking steps to cut its costs since it first revealed its costs cutting plan in November 2015 to as much as $2.5bil. The latest move saw Sprint's product head leaving after 25 years of service. The reason for his leaving whether it was related to costs cutting measure or something else is still unclear. Sprint praised Owen for his contribution that helped Sprint succeed and evolve into the wireless company it is today. Sprint extended gratitude for all that he has done and wished him best of luck and continued success in future endeavors. CEO Marcelo Claure has indicated more layoffs are in the offing in the coming months. CFO Tarek Robbiate made statement to effect that no one was safe where costs was concerned.
Pope Mobile-Sports Will Be Auctioned in Philadelphia Next Week
Two of Fiat 500L used by Pope Francis during his visit in U.S. will be auctioned next week in Philadelphia Auto Show. Pope used the car during his historic visit to U.S. last September.
GM And Chinese Coportation Open Cadillac Plant in China To Woo Luxury Market
GM with its main Chinese partner have opened a Cadillac plant in Shanghai on Thursday, 21 Jan 2016 to take advantage of the potential growth in the overcrowded luxury market of China. Cadillac plant has capacity to produce 160,000 vehicles annually. Cadillac believe the luxury car market offer a lot margin opportunity notwithstanding pressure in pricing. Shares of GM have been reported trading on NYSE higher by more than 1 percent on Thursday.
Updated Dropbox Integrates Windows 10, Cell Compatible Version To Be Released Shortly
Windows and Dropbox, bonded with a partnership, have announced updating of Dropbox through integrating with Windows 10. The Windows 10 compatible app offers some new extraordinary features. But mobile compatibility of the app is widely desired since it will allow to open synced files from the account storage cloud at any moment.
Latest News
In an Oracle court proceedings against Google, it was revealed that the search engine company could be paying Apple at least $1 billion in revenue-shares. The payment was made to keep Google's search bar on Apple devices. A source named the sharing percentage for Apple to be 34 percent, but it's yet to be officially confirmed nor denied.
The French foie gras industry is forced to pause production of the delicacy until all farms are cleaned and disinfected. The new safety measures come from the discovery of the H5N1 virus found in a farm in southwest France.
Pennsylvanian small-animal dealer Holmes Chinchilla Ranch and Other Small Animals Inc is being investigated by the U.S. Department of Agriculture over substandard conditions of facilities.
Tesla Motors Inc. sued German parts supplier Hoerbiger Automotive Comfort Systems for failing to deliver the promised falcon door for the Model X based on the carmaker’s standard.
The media research firm Nielsen will enhance its methods for measuring people’s TV watching activities using the new “Social Content Ranking,” which will use Facebook and Twitter for their surveys.
A new app called Nutriray3D lets users to scan their food to determine calorie and nutrient count, but the company is still raising $50,000-worth of funds.
McDonald's Japan will start serving on January 26 the McChoco Potato, which is a unique order of French fries smothered in white chocolate and cacao-flavored dips.
Dish is accused of making more than 55 million telemarketing calls and telemarketing robocalls to landlines and mobile number based on a complaint receive by the Department of Justice dated as far as 2008.
Billions of dollars worth of foreign investments is seen to go into Iran after international sanctions against the Middle Eastern country were lifted. Iran now plans to purchase 114 civil aircraft from Airbus.
