If you haven't heard of it, Alibaba is a Chinese e-commerce company that started as a e-marketplace and now has grown to offer other services like electronic payment and cloud computing. They've become one of the biggest companies in China and now, they have even more money to expand with possibly $38 billion available for deals next year.

The steep fall in oil price is impacting Russia's foreign trade more in a negative way, while the financial markets are witnessing renewed interest from overseas investors and fund managers as well.

Nasdaq-listed Nvidia Corp has posted earnings per share (EPS) of 44 cents registering a 42 percent growth from previous year's 31 cents during the third quarter ending October 2015.

Amazon will close its mobile point-of-sale system Amazon Register, and users only have until Feb 1, 2016 to switch to another service provider. Bidnes Etc reported that Amazon.com, Inc, which was just launched last year, is considered unsuccessful. The company no longer welcomes new registration for the mPOS. It will close down after February 1, but it will still provide transaction histories until February 28, 2016.

Goldman Sachs is racing ahead of its rivals in the global investment banking segment by revenues and fees in mergers and acquisitions (M&As) activity. Goldman Sachs' performance in 2015 so far exceeded while its competitors are not even close to it. With a market share of 12.3 percent, Goldman Sachs recorded $2billion revenues till date, while JPMorgan and Morgan Stanley are left with less than nine percent market share in the M&A space. The mergers and acquisitions activity this year so far was a robust period for Goldman Sachs.

South Korean electronics company, LG teases android fan worldwide with their new fifteen-second smartphone teaser on YouTube. The video with the tagline "Be You" revealed a little bit of the smartphone feature details hoping to get users excited. The new smartphone is expected to be released on October 1st next week based on the date that appeared at the end.

StoreDot, a startup nanotechnology company in Israel, had come up with a battery charger that could fully charge drained phone batteries in a minute. Doron Myersdorf, the co-founder and CEO of StoreDot, and his team introduce a charger that fully loads up phone batteries within 60 seconds.

Giving much wider scope of speculation on possible interest rate hike in next October meeting, the US Federal Reserve Chair Janet Yellen has indicated that there would be interest rate hike this year. Yellen further opined that it's necessary to increase short-term rates in a gradual manner as the improvement in labor market further continues and inflation rate reaches to the government target of two percent. The US Central Bank has been sending feelers about the possible rate hike this year for some time. The job market growth is the major factor that puts the US Fed in a comfortable position to take a decision on interest rate hike.

At a time when creditors of crisis-hit Puerto Rico are gearing up for negotiations on restructuring the Island's debt in smaller alliances, the group of hedge funds was believed to be split off. The hedge funds group comprising over 36 firms is holding a debt of $5.2billion of ailing Puerto Rico. According to unconfirmed news, since Puerto Rico governor Alejandro Garcia Padilla said that government's debts were unsustainable, there's surfacing difference of opinion among hedge group members. In the latest development, a group of activists in the Island has started raising voice against the participation of Antonio Weiss in the restructuring plan negotiations as his connections with the Wall Street lead to a conflict of interest.

Falling oil price is taking its toll in Norway as the country central bank cuts interest rate again for the second times this year and the third time in 10 months. Oeystein Olsen, Norway's Central Bank governor announced the rate cut on Thursday citing that slow economic growth as the main reason.

Wading into one of the most polarizing issues in American politics, Pope Francis has called upon the United States to join other nations in fighting climate change. He stressed the time to act is now. "Climate change is a problem which can no longer be left to a future generation. When it comes to the care of our common home, we are living at a critical moment of history," the pope said in a speech Wednesday on the South Lawn of the White House.

Apple just released iOS 9.0.1 to fix their major "Slide to Upgrade" bug issue that over half of its users are experiencing after its iOS 9 update. Affected users can get the update by connecting their iPhone, iPad, and iPod to the iTunes on their computer and perform a force restart of their device.

Raising a baby is expensive. First-time parents could easily get lost navigating across tedious budgeting task for their baby. Huffington Post reported that the US Department of Agriculture found out that the middle-income family spends an average of $13,000 during the first year of a baby.

Donation-based and rewards-based crowdfunding are the most popular ways for entrepreneurs to bring their startups and projects to life. Entrepreneur reports that 2015 is considered as "the year of crowdfunding" with all the significant growth and rapid changes in the market. In 2012, a total of $16.2 billion was raised by companies and individuals all over the world.

With gross margins decreasing, Motorola Solutions Inc, a US provider of data communications and telecommunications equipment, has taken up cost-cutting measures to boost its profit growth. The cost optimizing and restructuring exercise have been helping the company significantly in cost control. The sluggish sales, cut-throat market competition and adverse sales tax are putting more pressure on Motorola. The gross margins fell from 51 percent in 2012 to 48 percent in 2014. In a similar way, operating margins also down from 14.8 percent to 16.4 percent during the period.

The new left-wing government of Greek Prime Minister Alexis Tsipras is tasked to tackle the worst modern day crisis took office on Wednesday, just three days after the Syriza party was returned to the seat of power.

Leonardo DiCaprio along with 2,000 other individuals and 400 institutions plans to pull out their investments from fossil fuels in a move to fight global warming, activist group Wallace Global Fund announced Tuesday.

What once was a vision of the future of health care in science fiction is now becoming a reality as Google's Alphabet sets its eyes on solving health care issues. Doctors' function in treating and maintaining peoples' health will be done efficiently and cheaply by machines run by technological algorithms in the near future. These advances require a disruption in the status quo, which will definitely not come from the government or other current healthcare providers, but from entrepreneurs, like Google's Alphabet.

Starbucks Corp announced on September 22 that its successful Mobile Order & Pay service is now offered in all its almost 7,500 US shops. According to Reuters, this goal is achieved three months earlier than expected. Some additional 3,400 cafes will get the new online service. These cafes are located in notable cities such as San Francisco, New York, Washington D.C., Chicago, and Boston.

Switzerland reinsurer Swiss Re AG has decided to acquire the UK-based Guardian Financial Services from private equity (PE) firm Cinven for GBP 1.6 billion ($2.45bn). The acquisition will help in strengthening the British business of the unit.

Zscaler, a California-based cloud security firm, has mobilized $25million from Google Capital, an equity investment arm of Google. Adding to the oversubscribed round, the total amount raised by Zscaler reaches $110mn. The cyber security firm raised $85million in August. Zscaler was waiting for a strategic partner to close the round. Google Capital is engaged in late-stage financing activity.

Facebook's new Messenger app has made it easier for businesses to have an organic connection with their customers, which could yet be another way for the giant social media platform to earn money.

"Good guys finish last" is a common saying, but is not necessarily true when it comes to handling business, or so as others would like to believe. To some, a firm hand and a cold resolve would make for a fine CEO, whether that CEO is a man or a woman. However, kindness is beneficial to the businesses' customers and employees.

Securities and Exchange Board of India (SEBI), the Indian stock markets regulator, has imposed a heavy fine of $1.1 billion (INR 72.7bn) on New Delhi-based real estate firm PACL Ltd for illegally raising funds to the tune of INR491 bn from the market. Sebi has further directed PACL Ltd to cough up the fine amount within 45 days from the order date. The fine amount is the biggest penalty so far that SEBI imposed on any company.

German automaker Volkswagen Group is under scrutiny after it was found by the U.S Clean Air Group that some of its cars did not pass the standard emission test. The test conducted by Peter Mock and John German revealed another scandal - the use of "defeat device" software in its cars.

Since Apple made it easier for developers to create ad blockers, blocker apps gained revenue in the App Store. Reports said this is an absolute danger for Google and web publishers. In June, The Next Web reported Apple Inc. has provided tools for developers to create apps that block web ads. The tools are exclusively only for iOS9's default browser Safari.

The Office of Personnel Management today said that some 5.6 million fingerprints were stolen by the hacker and not 1.1 million like it was previously reported. The new data came after the agency had conducted further investigation together with the Department of Defense.

Plans for setting up a Boeing factory in China has been submitted to the Beijing Government. It was reported Tuesday by the state-run media ahead of President Xi Jinping's U.S. visit, where he will tour one of its plants.

With the European court judgment's awareness, UK aviation regulators started enforcing the budget airline Ryanair, to compensate thousands of delayed passengers. The statement came after hours after a final ruling from the European court of justice opened the floodgates for compensation claims against airlines that could reach into hundreds of millions of pounds, as reported by The Guardian.

Volkswagen's manipulation in emission norms is rocking Germany following the latest resignation of CEO Martin Winterkorn. Analysts forecast that the recent developments at Volkswagen will have an impact on business and politics in Europe's largest economy.