Four years of drought in California is recorded as one of the most severe. The drought has taken effect on U.S. wine industry, as the amount of grape harvested is reduced significantly.
Industry
European Venture Capitals Closed €3.3 Billion in Fourth Quarter 2015
European venture capital closed € 3.3 billion ($3.59 billion) funding in the Q4 of 2015, a huge raise from the previous quarter. United Kingdom is still the top spot for venture capital funding and information technology companies are still the favorite sector.
Wynn Macau Cautions Casino Contractor For Compensation Up to $200 Million Over Construction Delay
Wynn Palace, an under construction casino, is widely expected to attract Chinese consumers and thus transform Macau to a popular tourist region. The casino project has been expected to be completed by June 25 followed by a revision on deadline. But work progress seems to be slow and the contractor for the $4.1 billion project is probably going the miss the extended time frame further. Steve Wynn, founder of Wynn Macau Ltd. has sent a letter to the construction company cautioning to count compensation up to $200 million if it fails to meet the revised deadline.
Google To Discount $50 on Nexus Line Smart Phones As Valentine Day Promo Offer
Google is always pioneer in offering innovative promotional measures. In a similar, it has reduced Nexus 5X and certain color containing 6P model prices by $50 dollar. Combining this discount offer with previously declared $30 price cut has made the devices cheaper and within the capability of mid income group. However, buyers from Europe seem to be more beneficial since the discount amount remains higher there.
UK Insurance Industry Discuss the Issue of Autonomous Car on Public Road
Association of British Insurance (ABI) will lead the newly created Automated Driving Insurance Group. The group is established to discuss issues regarding driverless car.
Latest News
Unicorn is a term defining a startup company with over $1 billion valuation. Now, there will be other group of tech startups defined as "rabbit" to differentiate them from unicorns-overhype that become unicorpse.
Mozilla has introduced a new version of its browser on Tuesday that allows push notifications even from unloaded sites. The new feature is super useful for websites like email, weather, social networks and shopping, which are usually frequently browsed for updates. This saves battery life and system resources. Through introducing the updated browser, Mozilla also keeps its earlier commitments, pledged along with other browser makers, for dropping RC4 support in 2016.
US oil explorers are expected to report a combined loss of about $14 billion for the year 2015, as a result of the sharpest oil price slump in a generation. Bankruptcies and disappointing debt exchanges have led the oil explorers to cut thousands of staffs, trim dividends, and abandon drilling projects to preserve capital and resist insolvency.
Apple is currently working to offer subscription-based content for its news app and is working with publishers to enable the pay wall. The new feature will put the app stand out compared to other news app available in the market.
Oculus Studio, animation studio established by Oculus VR Inc introduced Quill. The animation tool enable illustrator to draw and make animation inside a VR to enhance the film making process in 3D environment.
Oracle has disclosed its expansion program in the Middle East for 2016 which involves setting up a data center and new offices in Abu Dhabi and internet cities in Amman and Riyadh. It also plans to increase its workforce to offer better service for the customers across the Middle East and Africa. The vibrant nature of the cloud market in the Middle East region and the ever growing cloud business therein has led the Californian tech giant to approach with larger investments.
The Drone Racing League already announce its first season that would take place in Miami this year. The league will involve only skilled pilots to compete in its six courses of races. The league hopes that they could be as big as NASCAR, Formula 1, or MotoGP.
Tech startup Slack Technologies hires Noah Weiss to lead the company's Search, Learning and Intelligence group. This indicates Sack Technologies interest to invest more on artificial intelligence.
Microsoft today unveiled a news application aimed at iOS users that is similar to Apple built in news app. However, the app is currently only available for the United States users.
