Airbnb, the US home-sharing startup, has confirmed closing of $1.5 billion fund-raising round. The latest closure of fundraising puts the unicorn startup at staggering valuation.

Falling in line with the economists' forecast, the inflation rate in South Africa rose to 4.8 percent in November, registering its highest since July 2015. Consumer prices marginally rose 0.1 percent during the month. South Africa's currency Rand fell against US dollar, euro and pound. The currency depreciation is likely to be a major risk to the inflation outlook.

Buying Yahoo seems to be a pretty good option for Verizon, as apparently wants to be an owner of all the old school internet portals. According to Reuters, Verizon Communications Inc is the No. 1 U.S. wireless carrier company. On December 7, its finance chief, Fran Shammo revealed that they have a deep interest in purchasing Yahoo Inc's core business.

The capital outflows from the world's second-largest economy registered record level in November. The capital outflow grew almost three times in November from October.

Uber Technologies Inc. said it had been given approval from Jakarta governor to operate as a fully legal entity in the Indonesian capital, assuming it meets local tax rules and other requirements laid out by the government.

The U.S. health officials announced on Monday that as many as 200 people who attended a catered event at a downtown Seattle's Russell Investments Center have become ill with norovirus.

Twitter, a kind of real time pulse tracking the events as they happen where people from around the gather in moments of triumph, activism, support and fascination to express their views, have revealed the most popular tweets of 2015. The hashtag # JeSuisParis, used to show solidarity with the French capital in the wake of its second terrorist attack, marked the most talked-about moment of the year.

Being President of the United States is the large role to fill as the most powerful man in the world. With that power and title, of course comes, great wealth and fame, whether from a widely well-received tenure or one of great criticism.

Budget consumers itching to get their hands on a Windows 10 run smartphone could rejoice to the release of the Lumia 550 as it is up for grabs for only $139. Gizmodo writes the phone is perfect for those who need a Windows phone but are on a tight budget because it is the cheapest Windows 10 handset available yet.

Virtual reality is here, and Google Cardboard is one of the most prominent platforms bringing the technology to the masses. Now you can turn your Android phones into Virtual Reality (VR) cameras as the Google has launched a new app Cardboard Camera that allows you to capture 360 - degree photos in seconds.