Tech start ups in India are in jeopardy after global investors tighten budget for fears that huge online sales may not happen due to increasing valuations and long-term profits.
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Capital drains from emerging markets
Capital outflows from developing markets were higher than it was anticipated last year, according to a report by Institute of International Finance. The reason behind this oceanic change in emerging markets cash flow is China, which dragged out 676 billion US dollar.
Digital Currency: China Reveals Plan to Launch its Own Digital Currency
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.
French Foie Gras Production Heavily Hit by Threats of Bird Flu
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.
McDonald's Japan serves fries smothered with chocolate called McChoco Potato
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.
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BBC journalist Rana Rahimpour who has a dual British-Iranian nationality was restricted from flying to the US due to changes to visa rules. Journalist deemed the new rules unfair.
Netflix has blocked its Australian subscribers from accessing the US content, who also happen to circumvent its geographical blocks with the help of private virtual network providers like uFlix and ExpressVPN. A continuous error message keeps the users from watching their favorite American dailies and movies. This has irked the so-called "geo-blockers" who are currently working on a solution to penetrate this block.
The raiding of the party drug factories unravels that the drugs didn't come from foreign countries but instead being manufactured in India. The factories already have the license to manufacture drugs but were misusing the license to produce party drugs. Next, the agencies will trace back where the basic chemicals for the mass production of the party drug are originated.
The move to legalize online poker started six months ago and a few changes have been seen since then. The legalization is expected to stop illegal online gambling that has been going on in the country since the activity was banned, and in turn, could also increase tax revenues for Russia. The rest of terms and time measures on this remain unknown.
The submarine wreckage was found in 2012, but it took years to properly identify the vessel due to the sea conditions. The vessel was initially thought to be a Dutch submarine missing in 1940 but later confirmed to originate in Germany and went missing in 1915. The seabed scans showed more than 60 wrecks, but this U-boat showed up very unexpectedly.
Apple is all set to build its first iOS development center in Europe. With Italy's Naples as the chosen location, the world's largest app seller plans to provide opportunities to the students of the country to join the world's most enviable app ecosystem. Apple will help the teachers draw up a special curriculum to facilitate this process. Europe is already reaping the benefits as its developers have earned a total of $11.1 billion from sale of Apple apps. Now, with its move into Italy, the country is already looking at 75,000 job opportunities.
The survey revealed that one of the top concerns defining most U.S companies' tough times doing business in China is uncertain regulations that they perceived as unwelcoming to foreign companies. The slowing of China's economic growth also remains a concern, along with rising labor costs, censorship, and air pollution. However, China is still most foreign countries' investment priority among other markets.
Facebook has come out with yet another special feature, this time, exclusively for the sports fans. Its Sports Stadium will be a virtual hub for millions of sports fanatics to get together and post photos/videos, like them, look at a dashboard full of stats and, most importantly, chat about the games, all the while getting access to expert commentary by celebrities and their teams. Currently, this space has only been rolled out for iOS in the US.
Apple just released iOS 9.2.1 that fixes an iOS bug allowing malicious agents to impersonate end users' identities by granting the read and write access to website cookies.
