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.
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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.
Soybean and Corn Overproduction Still Affected the Low Price
Overproduction of last year's crops in the U.S. still affect the price in futures trading. Meanwhile farmers is predicted to still harvest a big yield of soybean and corn in 2016.
Apple will build a tool to transfer data to Android
Apple has agreed to build a tool that will help users to transfer data from iOS to Android due to lots of pressure from mobile carriers. Although the company has not specified the date of release, the news means that Apple is ready to open up its ecosystem and will be in fair competition with other manufacturers.
Following Turbulence in China, Asian Stocks Stumble and Rand Sinks
Asian market hit a worst week starting the 2016 trading. Global market also slipped following the turbulence in China.
Latest News
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.
In the recent update of South China Sea dispute, incident of Chinese coastguard attacking Vietnamese fishermen occurred even more. The fishermen were beaten and their equipments were broken. Chinese coastguard also damaged the ship.
Google and Huawei presented new color to Nexus 6P flagship product: matted gold. Previously only available in Asia, but now it can be purchased in the U.S.
In a major setback, Silicon Valley’s largest startup accelerator reshuffles assignments for top executives. After five years of joining, Gmail and FriendFeed dreamer Paul Buchheit replaces Sam Altman as managing partner of startup accelerator’s core program. Sam Altman is reportedly assigned to advise his successor managing partners while overseeing the entire program.
