Technology has changed a global education with a MOOC (Massive Open Online Course). As the name suggests, it creates massive change in education around the world through an online course. It made a disruption in traditional college credential and created a new gold-class industry sector called EdTech, or Educational Technology.
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China factory output again slips, but fall slows down in October
Indicating the prolonged sluggishness in the economy, China's factory activity dropped further again in October. However, the marginal recovery in export orders has slowed down the drop in the manufacturing production. The PMI edged up in the previous month.
FDA approves use of virus to treat melanoma
For the first time in history, the FDA has approved the medical use of a virus to treat people with cancer - specifically those suffering from skin cancer, or melanoma. The announcement was made through a news release by the U.S. Food and Drug Administration on October 27, stating that Melanoma is the most widespread form of cancer in the country and will be responsible for the deaths of 10,000 people by the end of 2015.
Japanese auto majors may post encouraging quarterly results
The second quarter for Japanese automobile majors is expected to be positive as the sales surged in the US market. Toyota Motor Corp, Nissan Motor Co and Honda Motor Co. registered a rise in sales volume in the North American market during July to September. Investors are closely monitoring the forecasts about vehicle sales to ascertain the possible outcome from the third quarter results. The US and China markets account for one-third of global sales for the top three Japanese automobile companies. The rise in US sales and weaker Yen may add to profits for the Japanese automobile majors during the quarter.
Fed wants to shield taxpayers when banks go down
The Federal Reserve is implementing new rule especially in a bid to strengthen the global financial institutions. According to the proposal, all banks that operate in the US will be able to go down smoothly without causing too much collateral damage to the public.
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Hacked TalkTalk customers' bank details are now up for sale for just over a £1 each in black market websites. Express reported that the details emerged online Sunday.
There's a social media site that is garnering a lot of attention from netizens who are looking for an alternative to Facebook and Twitter, and it's created especially for users who are in their 50's.
Airbnb shelled out more than $8 million to stop an initiative in San Francisco that would limit short-term rentals. Reuters reported that the ballot, called proposition F, could threaten the growth of this giant international tech company.
Amazon launched its Black Friday Deals store in the first day of November as start of a countdown to one of the biggest shopping days of the year.
Google has launched a new app on Apple's App Store and Google Play Store called "Who's Down". The app allows users to instantly find out which of their friends are available to hang out.
Apple Inc. has filed a patent for a new kind of screen protector described as "active screen protection for electronic device". The new protection technology protects mobile devices by extending retractable tabs.
The US activist investor Daniel Loeb has bought a stake in a Japanese retailer Seven & I Holdings. Though the details about stake and valuation are not revealed, Loeb-run hedge fund Third Point is believed to have acquired stake below five percent. After the sale, the Japanese retailer is expected to take up restructuring exercise enhance profitability, reducing underperforming merchandise stores. Seven & I Holdings operates over 18,000 outlets under the brand 7-Eleven across Japan. Seven & I has decided to shut about 40 unprofitable Ito Yodado stores in the next five years.
The Finnish Social Institution (Kela) has started to draw up plans to create a basic income model that would provide a guaranteed income for the people whether they work or not.
The rising costs of labor and infrastructure are paving the way for more opportunities being created via the internet. The online-based ventures are growing up in China and also enhancing the efficiency of the traditional enterprises as well. Mobile internet is changing the way consumer market behaves in the world's second-largest economy. Initially, the technology innovation doesn't happen in a consumer market, but it takes place in the enterprise segment. The consolidation is very slow in the traditional Chinese business when compared to the western part of the world.
