Normal check-ins of baggage was resumed by Malaysia Airlines after restrictions due to powerful head winds. These head winds inhibit the airline's capability to carry cargo and baggage.
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Mexico's effective tax increase on sugary drinks inspires Britain, Canada
A study by the British Medical Journal shows that Mexico’s 10% tax on sweetened drinks implemented in 2014 led to 12 percent reduction in sales. Now, Britain and Canada are planning to follow suit.
Hawaii’s last sugar-plantation to get out of the industry by the end of 2016
Alexander & Baldwin Inc., the last sugar plantation Hawaii, will stop producing sugar by the end of 2016, ending an important industry to the island’s economy.
Rio de Janeiro Cuts Power Supply to 2016 Olympic’s Inaugural Venue
A number of concerns about the upcoming Olympic Games in Rio, have already been reported. These include supply of virus contaminated water, forcing to pay the athletes their air conditioning and television bill. Power cutting to Olympic 2016’s inaugural venue by Rio City due to unpaid bill has appeared to be the last blow for the Olympians.
NASA Concludes Its Hybrid Plane Research Successfully
Researchers in NASA is moving one step further to introduce a hybrid airplane technology in concluding its ERA project. The airplane will be able to fly on both fossil fuel and electricity, similar to hybrid car technology.
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Intel’s Radar Pace Technology has been successfully incorporated in Oakley branded smart glasses, are capable of analyzing athletic performances and coaching thereto. The glasses have been represented before the audience of Consumer Electronics Show, 2016. Unlike Google Glass, the Radar Pace technology instructs the wearer doing everything just by talking.
The majority of states in the United States including major cities will implement new minimum wage rate starting this year as workers continue to strike and demanding a better payment. Workers have been under pressure lately as the cost of living continues to increase yet their minimum wage remains the same.
The continuous drop in oil price for the past 18 months may impact $125 million real estate-backed securitized loans in North Dakota. The oil drillers in North Dakota have reduced their activity in the wake of lower oil prices. The reduced activity in shale hubs is poised to dampen the property market in North Dakota.
Continuing 12-month falling streak, South Korea suffered drop in exports during December 2015 as well. The sluggish Chinese demand and weaker global outlook have impacted South Korea's exports in 2015. The drop in exports surpassed the forecast of economists.
The Chinese government just passed a new controversial anti-terrorism law as part of the country's effort to curb any threat either from the inside or outside of the country. According to the new law, the Chinese authority has the right to request for sensitive information from any technology firms in the country.
Opium production has been one of Afghanistan source of economy. Since 1950's in the area known as Golden Crescent is a well-known opium and heroin production in the world.
Chipotle reopen its Boston restaurant in Cleveland Circle on Christmas. After an outbreak of norovirus in its outlet earlier, the Mexican Grill would have to close its restaurant for inspection.
BMW North America faces a penalty of up to $40 million by U.S. auto-safety regulators for recall failures. According to US News, U.S. safety regulators have fined penalty with German automaker BMW AG with $40 million for a reason of not fast fixation of their Mini brand cars that failed federal crash tests.
JPMorgan Chase & Co has alerted Japan Inc to gear up for the surge in Yen against the US dollar. JPMorgan Chase forecast Yen will reach 100 yen against a US dollar. However, it says the rally in currency may not sabotage the Japan industry.
