With the lifting of international sanctions from Tehran, India would be able to recommence its unobstructed oil import from the Persian Gulf country. Iran is anticipated to boost its oil export of 1.1 million barrels per day by 500,000, according to the Indian Oil Cooperation.
Industry
Chinese economy at slowest in 25 years
China grew 6.9 percent in 2015 indicating the slowest growth rate in 25 years. The growth rate was 6.8 for the fourth quarter of 2015. The world's second largest country recorded 7.3 percent growth rate in 2014. Investors are cautious about the impact of slowdown in China's economy. IMF forecasts China's economy growth rate at 6.3 percent in 2016 and six percent in 2017. Chinese government has set a target of seven percent growth for 2016.
Microsoft will Launch Lumia 650 on 1 February 2016
Microsoft is reportedly gearing up to launch its third and final Lumia handset on 1 February in the form of the cheap and cheerful Lumia 650.
Apple Watch: New model is not likely to be introduced this March
Despite the spreading rumors that speculate new Apple Watch model would be introduced on March, an Apple-watcher wrote why it's unlikely that the model would arrive that soon. But it stays likely that Apple will have a major event on March, although not related to the new Apple Watch.
Ali al-Naimi hopeful on stability of oil market
Saudi Arabia oil minister Ali al-Naimi said that stability in the oil market will be attained only through the cooperation amid major manufacturers and this would take time. Ali al-Naimi added that although the worldwide oil market has been experiencing an instability for over 12 months, he is hopeful regarding the return and future of the oil market.
Latest News
Chipotle has been reported to embattle with the series of epidemic outbreaks and adopt new food safety measures. The restaurant giant is facing a subpoena investigating a norovirus outbreak at one of its restaurants in California. Both share price and restaurant sales have been reduced following the epidemic outbreaks. To regain the customers back, the chain has adopted certain marketing policies including offering more food free to the customers.
Microsoft is probably going to bury the business with Lumia handsets and going to introduce the last smart phone by February, the Lumia 650. The Lumia 750 and 850 are still in line, but the tech giant intends to concentrate on surface phone. Burying the “Lumia” name, most likely means Microsoft has something else in mind for the near future.
Trader Joe’s recalled all its Raw Cashew Pieces in stores in 30 states on fears of one group may have Salmonella contamination.
Netflix global expansion faces a new threat. Video streaming providers around the world are starting a global alliance to hinder its further international expansion.
Researchers from King's College in London have successfully developed an app to predict risk of premature birth. The app has been tested in two studies and is now available at Apple's App Store.
UK-based Oil giant BP Plc plans to trim 4,000 jobs in its crude-oil production unit as crude oil price slump.
Honda showcases its newly redesigned 2017 Ridgeline during the Detroit Auto Show last Monday. The new pickup truck design makes the owner forget that they are riding a unibody platform.
HBO planned its Internet channel in Spain at the end of this year, enabling people in Spain to access HBO streaming service. The company will challenge Netflix at new vanguard of European market.
Developers of revolutionary products with $1 billion in valuation are called unicorns, and there are so many of them sprouting. Most of them are in California. There are some who fear of another bubble, but most dismiss this forecast.
