The completion of the first stage will also begin the second and third stage of the project. Once finished this power plant will be the world's largest, providing electricity for 1.1 million people in Morocco. The project would also help reduce the country's dependence on imported energy source as well as reducing carbon emission.

South32 is to reduce asset's book value of $1.7 billion, decrease expenses and trim production. The plan will include the cut of around 620 jobs and the reducing of Manganese production in South Africa.

The US Dollar plunged to its worst single day drop outside of the 1998 and 2008 crisis today due to speculation regarding 'no rate hike' policy that the Federal Reserve might be implementing for this year. The plunged however, cause a reversal effect helping oil price to increase and help boosting Asian stocks.

Toyota and Daihatsu have reached an agreement which is believed to be executed by August 2016. Under the agreement, Daihatsu will become a wholly owned subsidiary of Toyota by way of share exchange. Through the Toyota shared key technologies, Daihatsu will produce price efficient mini cars for itself and Toyota. Toyota President is believed to look for opportunity to dominate Indian car market snatching from Suzuki.

The UK house prices rose for the consecutive second month in January 2016. The UK property market demand is growing in the wake of lower interest rates and encouraging job growth rate. The average cost of a house in the UK was up 1.7 percent in January.

Investors are concerned as the US stock index futures turned weaker. The marginal recovery in oil price amid drop in the US dollar puts the Wall Street on cautious note. On the other hand, Asian and European stocks were trading marginally higher on oil price recovery and drop in US dollar.

The retail tech startup Salesfloor closed $3 million seed fund on Tuesday. The fund was led by BDC Capital IT Venture Fund and two London-based investors Jamie True and Jon Claydon.

The Dutch banking major ING Groep's revenues for the fourth quarter were above the analysts' forecasts. ING's exposure to the oil companies is putting pressure on its stock, which suffered 20 percent drop. However, ING is also receiving indirect benefits from lower oil prices.

The Gulf establishment, Adeptio LLC has approached Kuwait's fast-food chain, Americana, for buying out the 66.8% controlling stake held by the Al Kharafi family valued at $1.7 billion. Currently, the investor is conducting the due diligence but the final outcome will be based on the approval of the Americana franchisers.

The US economy encouragingly created more jobs for the past two years and now is set for a slowdown, as economists predict. The prevailing credit conditions the US market indicate tightening of economy. The US private sector added 205,000 jobs in January as against 267,000 in December.

GoPro has represented fourth quarter financials on Wednesday. It has counted a loss of 8 cents per share in Q4 and yearly earning per share has been reduced to 76 cents a share. The yearly earning has been reduced by 42% from 99 cents per share, a year ago. Poor sales during the Q4 have been held responsible for the week financial figures. But the company itself has widened the loss margin through repurchasing own stocks. Not only that, it has allocated $264.4 million funds for further share repurchasing in 2016.

The rise of oil prices had brought positive growth to most of the Asian markets, except for Japan. On the other hand, European market had seen a drop. The oil prices increased overnight due to speculations that U.S Federal Reserve would possibly decide not to increase interest rates throughout 2016.

VirnetX has been in the limelight for its achievement in realizing $223 million from Microsoft in out of court settlements. Now the patent litigation company has won a court verdict that instructs Apple to pay $625.6 million for patent infringement issues. VirnetX has claimed for $532 million initially, but Apple’s deliberate infringement over the patented products has reportedly increased the amount.

Luxembourg has proposed to tap the mineral-rich asteroids orbiting between Earth and Mars for minerals that are scarce in our planet. Its deputy prime minister, Etienne Schneider, has already announced the roll-out of the initiative named SpaceResources.lu, which will be set up with the help of its US and European commercial partners.

Royal Dutch Shell said that its profit for the fourth quarter dropped 44% as the price of the crude oil tumble. The UK-based oil firm also confirmed that it is trimming 10,000 jobs, a move to reduce its costs.

The deal was a huge move forward for both Veolia and Kurion. Veoila is determined to expand its business to nuclear waste management and believes that Kurion is the perfect partner to achieve that goal. Kurion itself is a successful startup focusing in nuclear waste involved in the Fukushima nuclear incident clean-up in 2011.

Sharp Corp board has gathered today to weigh the bidding offers. The competition is between the Taiwanese electronics giant, Foxconn and the Japanese government-backed establishment, Innovation Network Corporation of Japan. While ICNJ has always been the favoured choice, Foxconn is giving it a stiff competition by way of doubling the offered price along with debt pay-offs and retention of management and employees.

Wal-Mart Will Soon Operate Its Own Gas Station in order to gain more profits. The company will leave Murphy USA Inc., which has become its gas stations operators for 20 years. However, Murphy will still continue its existing gas stations.

Cisco announced its intention to purchase Jasper Technologies, a provider of cloud service for internet-powered devices, for $1.4 billion. The merger will enable Cisco to provide a full IoT solution which is inter-operable through devices and coordinates with application developers and IoT service providers.

Google, for the first time, has disclosed financials on earnings, expenditure, asset value and future business planning. From the financials, analysts have found lot of scopes for Google and its parent company, Alphabet to expand. Google’s ad earnings have been witnessed to rise significantly during the year 2015. Meanwhile, it has spent only $3.6 billion in its ambitious technology projects during the same period. The net earning of Alphabet has been reached to $4.9 billion. Adding this earning to the net asset value, Alphabet has been recognized as the worlds most worthy enterprise.

The France-based pharmaceutical company Sanofi Pasteur has committed to develop Zika virus vaccination in three to five years. The vaccine will be administered mainly in adolescent girls that is yet to involve sexual relationship.

Amazon is said to expand its e-commerce business into physical bookstores. It plans to open 400 bookstores after its first opening in Seattle last year. However, Amazon still refuses to comment on this issue.

President Barrack Obama seeks an additional $1.1 billion in the face of increasing death rates due to overdoses of heroin and opioids. The Obama administration has already split the amount and categorized them to focus on different aspects like increasing medical-assisted facilities, prescriptions of antidotes, plans for overdose prevention, etc. These facilities are to be rolled out to the rural areas as well.

Takata Corp, a manufacturer of airbags used in vehicles for consumer safety, will announce its restructuring plan to automakers in May. The restructuring plan is expected to include the sharing of recall costs. The defective airbags are forcing automobile majors to recall millions of cars.

According to PwC and NVCA report, Charlottesville has been the fastest growing startup since 2010. Between 2010-2015, venture-backed startups increased 55% annually in the place where Thomas Jefferson's house is located.

Today, India's largest biotech company announced to have been able to make two vaccines for zika virus. A day before, France's Sanofi Pasteur planned to research on vaccine for the mosquito-borne disease.

The Shanghai Disneyland's ticket prices would be 20 percent cheaper than Hong Kong Disneyland at 539 yuan, even though the Shanghai's area would be much larger. After being constructed for more than six years, the park would be ready to open for public this summer with possible further expansion.

Ningbo Joyson has signed a definitive deal to acquire US-based airbag maker Key Safety Systems. KSS hope that the merger with Joyson will further accelerate its business and fasten its future growth.

Vodacom Group Ltd has recorded 8.7 percent growth in third quarter revenues. The South Africa-based mobile phone company is focusing on subscribers and high-speed network expansion. Vodafone is expanding internet services and strengthening its network amid rising domestic competition.

The gold buying demand from China is surging from last December onwards owing investors' priority to safe haven assets. The sluggish stock markets, weaker currency and lower global prices are prime reasons for the rising demand for the yellow metal. The consumption rose 3.7 percent to 985.9 metric tons in 2015.