Oracle has disclosed its expansion program in the Middle East for 2016 which involves setting up a data center and new offices in Abu Dhabi and internet cities in Amman and Riyadh. It also plans to increase its workforce to offer better service for the customers across the Middle East and Africa. The vibrant nature of the cloud market in the Middle East region and the ever growing cloud business therein has led the Californian tech giant to approach with larger investments.
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Uninsured Young Adults Get Bigger Fines, Doubled From Last Year
With the increase of the penalty for uninsured people that will soon be applied, young adults are having a hard time to choose between the high cost of insurance or the bigger fines for not having premiums. The fine amount is now doubled compared to the one in 2015. This is an effort by the administration to encourage people to get health coverage.
US oil explorers anticipated to report a loss of $14 billion
US oil explorers are expected to report a combined loss of about $14 billion for the year 2015, as a result of the sharpest oil price slump in a generation. Bankruptcies and disappointing debt exchanges have led the oil explorers to cut thousands of staffs, trim dividends, and abandon drilling projects to preserve capital and resist insolvency.
Apple will offer subscription-based content for its Apple News
Apple is currently working to offer subscription-based content for its news app and is working with publishers to enable the pay wall. The new feature will put the app stand out compared to other news app available in the market.
JPMorgan Chase installs e-ATMs which render cards redundant
JPMorgan Chase is all set to revolutionize the concept of ATM cash withdrawals. The bank will introduce the new system in the form of e-ATMs which will basically render bank cards redundant. The machines will dispense cash via a simple mobile app, in different denominations like $1, $5, $20, and $100 bills. At the same time, Chase has increased the withdrawal limit by three times, at $3000.
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Angelsense is an application that can be used to track the locations of children with autism. Children with autism are often wandering off. With the features in this application, parents can find out where their children are, and also receive alert messages if their children move to unusual locations.
The Drone Racing League already announce its first season that would take place in Miami this year. The league will involve only skilled pilots to compete in its six courses of races. The league hopes that they could be as big as NASCAR, Formula 1, or MotoGP.
Tech startup Slack Technologies hires Noah Weiss to lead the company's Search, Learning and Intelligence group. This indicates Sack Technologies interest to invest more on artificial intelligence.
Microsoft today unveiled a news application aimed at iOS users that is similar to Apple built in news app. However, the app is currently only available for the United States users.
New Mexico has become the first US state to sue the German automaker, Volkswagen, for breaching the Clean Air Act with huge levels of emissions as well as for trade malpractices. The allegation is the company sold as many as 4000-10000 faulty models whose nitrogen-oxide emissions exceeded the limits by 40%, which could cost VW almost $20 billion in fines.
The United States could reduce its greenhouse gas emissions from power production sector within the next 15 years by raising their investment in renewable resources like solar and wind, according to study findings.
BMW becomes the first car to integrate a unique free feature into its vehicles, the IFTTT (If This Then That) services. This feature provides its customers with a host of personalized services through a newly built platform called BMW Labs. The customers are now able to automatically open garage doors while pulling into the driveway. They can send auto-alerts to spouse upon picking up kids from school, and even get the exact location of the parking spot in a Google Maps link.
The Japanese car maker again previewed its S-FR concept, first introduced on October last year. The new model has seen some changes and improvements compared to last year's. It is believed that the production will start this year and the affordable sports car would be available in the global markets.
McDonald's will shut 500 of its restaurants in 2016. The closures are aimed at maximizing the potential assets and leaving the weak-performing ones. McDonald's return has been declining. Fortunately, it has gained more increase during the three last months of 2015.
