As oil price continues to plunge, two Japan airlines:Air Nippon Airways (ANA) and Japan Airlines (JAL) decided to eliminate fuel surcharge. This will trim the airline tickets price substantially. Both airlines are also actively searching for alternative fuel.
Industry
Forbes sets guidelines on when to hire digital consultants
The digital consulting market is a fast growing industry, and Forbes has given guidelines on determining when to hire a digital consultant.
Head of China Securities Regulatory Comission To Step Down
Chairman of China Securities Regulatory Commission (CSRC) was reported to offer his resignation. Xiao Gang handed his resignation last week following a failure in executing circuit breaker system in China stock markets.
Stagecoach Beats Umbrella, Overrides Power Sector Debacle Through Contribution From Real Estate
Both Wells Fargo and Citigroup have been badly hit with the historic low oil price. The Walls Street banks have heavy investment in energy portfolio and the industry is passing through a nightmare since 2008. Both the banks have been forced to keep provision against the default power investments. But real estate portfolio has helped Stagecoach to leave behind the umbrella with its greater contributions predicted earlier.
South African House Prices to Decline in 2016, According to Retail Bank
South African retail bank said the country's house price will decline in this year. Fitch Ratings also remarked South African residential property and mortgage markets outlook to weaken further facing microeconomic challenge.
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With the advancement of technologies, businesses would prefer robots or artificial intelligence as workers. However, the industries would still need growing numbers of certain skilled workers.
Spotify and Genius work together to provide a better and deeper music experience for their users. Fact Tracks shows lyrics, along with annotations from the community or the artist itself.
Michigan appears to be the first US state to enjoy gas at $0.77 a gallon. The states closer to the refineries or containing those, enjoy gas at a relatively cheaper price. In the blink of further oil price fall, the US states, who are badly hit due to falling oil price, are considering to increase gas tax. These states aim to continue development works in communication sector, which they are unable to allocate with the problem riddled economies.
Oil explorer Tullow expects to report revenue of $1.6 billion for the year 2015. The company also anticipates its impairment charges to be $0.9 billion for the full year.
Previously, the company has also purchased German's KraussMaffei Group. Also, Chinese companies investment overseas is growing.
The 24 Hours of Nürburgring will see Toyota breaking away from its conventional ways, to enter three models in this year's Toyota Gazoo Racing. Among which, one is a cross-over machine and Toyota's next production venture.
Periscope's broadcast videos can now be played directly in Twitter's app. But the change is yet to be made in Twitter's Moments.
Some $46.5 billion treasuries have been reported to liquidate during the first two weeks of the New Year. The present reserve for $2.962 trillion appears to be the lowest since November. China has been reportedly withdrawing funds and injecting to the market to keep hold its currency in place. Considering its financial reserve, it is widely believed that further outflow of US treasuries, possibly with greater vicinity will take place in the coming months.
TrueBridge Capital Partners announced the closing of its fourth venture capital fund-of-funds on January 13. The fourth fund-of-funds is secured at its $400 million hard cap.
