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.
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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.
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.
Survey Revealed VR Has Become More Attractive to Game Developers
Virtual Reality has started to attract more developers. Game Developers Conference revealed a survey showing that more game developers are working on VR prior to the event next March.
Facebook India: Free Basics Internet Program Still Struggles Against India Regulators
The program aims to provide limited internet access to users, but the concept has raised concerns regarding internet neutrality. The Telecom Regulatory Authority of India has asked Facebook to discontinue the service until they provide more information on the program as requested. Facebook has responded with a campaign, but the program's ban has not yet be lifted.
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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.
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.
The statement came from Baidu's senior vice president Wang Jing. He believes that Baidu has some advantage over other car makers, especially local knowledge. The company has already invested a lot in the development of AI, that could help the development of autonomous cars.
Tesla cars sale fell below analyst expectation and its inability to roll out the Model X as promised lead J.P. Morgan analyst to reduce its profit projection for the fourth-quarter.
U.S. stock declined sharply on Monday over concern of economic condition and oil price. The Fed is scheduled to have a meeting this week, and market anxiously wait for the next step U.S. central bank will take.
Airport ride-hailing service Wingz closed its Series B funding with $11 million on Monday. Expedia led the funding with participants from ltimeter Capital and Marc Benioff, CEO of Salesforce.com.
Future Land Development shares have witnessed a fall of around 14% and appear to be the lowest since September 7. Meanwhile, Moody’s has changed outlook on the business to negative from stable on Monday. Fearing further price falling, the company has arranged suspension of its shares listed in the Hong Kong and Shanghai Stock Exchange.
