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Sainsbury holiday sales meet forecast on non-food revenues

UK's second largest retailer J Sainsbury Plc registered revenues for the third quarter as per the forecasts. The total retail sales of Sainsbury were up 0.8 percent excluding fuel and were down 0.7 percent including fuel as against the analysts' average forecast of 0.6 percent decline for the quarter. However, Sainsbury has surpassed the forests for Christmas sales.


US pilots forgot how to fly manually

The Department of Transportation has come out with a latest report on the US aviation sector. The department expressed its concerns that pilots don't have much expertise in handling aircraft manually. US pilots fly aircraft on automated system for over 90 percent flying. This makes pilots unable to control the aircraft in unforeseen situations.

Leaders Fund Established $100 Million Venture Fund Targeting Software Startups

A group of technology executives in Canada and U.S. launched a Toronto-based $100 million venture fund. The group is focusing to fund enterprise software to establish its investment portfolio.

Venture Capital Firms Face Slowdown in Tech Funding

Venture capital firms raise less capital and face a slowdown in tech funding for 2015. However, the number is still above annual average since 2006.


Latest News

Gartner, a technology research firm has represented Apple through a study report as the lone PC vendor to post positive sales growth during 2015. The tech giant currently enjoys a market chunk of 7.5%. Apple’s performance appears to be shining since the worldwide PC market is passing through a negative sales trend for the fourth straight year.
South Korea fired several warning shots at a suspected North Korean drone on Wednesday. The incident took place at DMZ, in a border between the countries, a week after North Korean nuclear test.
The United Nations (UN) has received funding of $250million and needs additional $500 million for education programs for over one million Syrian children. Gordon Brown, the former UK Prime Minister and UN envoy for global education, is committed to mobilize money in next month. Brown has decided to raise money from the World Economic Forum (WEF) in Davos and other international conferences.
Israeli's Tactical Robotics Ltd. has successfully conducted another test flight for AirMule Unmanned Aerial Vehicle (UAV) last month. The drone is designed for search and rescue operation in an area which is unaccessible for helicopter.
Socialist democratic China historically backs socialist North Korea in latter’s economic and political missions. North Korea has announced successful testing of hydrogen bomb on Wednesday last. Long time friend China this time joins the US fearing regional destabilization through the neighbor’s dreadful nuke tests.
Didi Kuaidi ride sharing service announced that it allows third party apps to access its ride-hailing service. Previously, the Chinese ridehailing company published that it has achieved more than one billion rides.
Google wants to involve many automobile manufacturers and suppliers in developing its ambitious self-driving cars. Contrary to market rumors, Google didn't announce its plans for partnership with Ford. Google believes that its self-driving project would be beneficial to senior citizens. Google involved Roush Enterprises to assemble self-driving cars, which are being road tested.
On Wednesday, China revealed its export in December 2015 showed a 2.3% raise from November. Data from China's General Administration of Customs shows the nation's trade surplus, and the report has lifted the market a bit.
Researchers from Toronto General Research Institute, the National Microbiology Laboratory in Winnipeg, University of Toronto, the US National Institutes of Health, and the Canadian Blood Services, found a way to test Ebola in a more affordable facility.
Shanghai Disney Resort prefers using smartphones over Magic Bands for entrance, buying merchandise, and accessing rides.
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