Fiat Chrysler is taking responsibility and recalled some 900,000 vehicles all over the world due to chronic airbag problems. According to NBC News, the giant car maker issued a recall on Friday for about 316,000 2003 Jeep Liberty and 2004 Jeep Grand Cherokee models.
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Asian stocks follow gains on Wall Street
Taking positive cues from encouraging gains on Wall Street, Asian stocks with an exception to China moved up on Tuesday. Chinese stock market dropped following the jitters emerging from adverse developments in forms of corruption and illegal trading that dampened the market sentiment.
American Tech Giants Increasing Partnerships with Chinese Companies Impose Threat to US National Security
More and more United States giant tech companies are partnering with Chinese firms that are connected with the Asian country's military, leading to fears that it may improve Chinese military technological capabilities and could even harm US national security.
HSBC Pre-Tax Profit grew more than expected due to lower regulatory fines cost
Due to the lower cost of regulatory fines, HSBC's pre-tax profit in the third quarter increased 32 percent to $6.1 billion from $4.6 billion in the same period last year, beating analysts' expectations of $5.2 billion.
Energy, healthcare triggers Wall Street gains; Nasdaq 100 hits 15-year high
US Stocks went up across sectors Monday largely due to the increases in the energy sector and the growing acquisition activities in healthcare. Reuters reported that the increases on the first trading day of November happened right after the impressive October figure, which is the best monthly performance of the major indexes in the last four years.
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China revealed their first owned passenger plane manufactured by a Chinese initiative to compete with the leading global aircraft manufacturers for the largest passenger jetliners in Aviation market. Though, China is also among the mammoths in Aviation industry, the state still depends on Boeing and Airbus aircraft.
The US American Express Centurion is already considered as a huge step up from other domestic US lounges as they feature great decors from real hot food, complimentary beer, wine, and cocktails. And now, they decided to pair up with Uber rides with their new free rides promotion.
American film maker, producer, writer and creator of Star Wars, billionaire George Lucas and his wife Mellody Hobson, through the George Lucas Family Foundation, are donating $10 million to George Lucas' alma mater - the University of Southern California's School of Cinematic Arts.
Snapchat rolls out another new feature that will allow users to use slow-motion, fast-forward, and rewind to their videos. It is called "Speed Modifiers". Users can update to the new feature for free and it is available for both Android and iOS.
Europe's major antitrust regulator has opened an "in-depth investigation" on Hutchison's $14 billion acquisition of Telefonica UK's O2 operations. According to The Wall Street Journal, top European Union officials have been warning that mobile-phone mergers in concentrated markets can lead to higher prices and less options for consumers.
The U.S. space agency NASA claimed that the mass gain for Antarctic ice is greater than the loss suffered from melting. The latest study of NASA doesn't deny that ice mass in Antarctica is melting at an increased rate as a result of global warming but suggests ice mass gains outweigh the losses.
Japan's Purchasing Managers Index (PMI) has reached it's strongest in a year, with a seasonally adjusted reading of 52.4 for the month of October, as conducted by a business survey from Nikkei last Monday.
The leaders of South Korea and Japan have finally decided to break their long-standing diplomatic freeze in favor of combining forces to address North Korea's nuclear ambitions.
Amazon.com is finally no longer selling Apple TV or other streaming devices like Google's Chromecast to boost sales of its own Fire TV box and Fire TV Stick units. The company's plan to discontinue selling competing product was first announced earlier in October.
