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This year's winter in Delhi, India has been particularly cold with temperatures hitting 14 degrees Celcius affecting thousands of homeless who live on pavements under the open skies. NGOs have come to their rescue providing temporary shelters made of materials like bamboo, reinforcing rods, canvas, and net to keep away disease borne mosquitoes. At least 7 bodies have been found in several areas in Delhi of homeless people having died of winter cold. The government has also provided services to rescue homeless in distress.
Sprint - the 4th biggest Telco in US - has been taking steps to cut its costs since it first revealed its costs cutting plan in November 2015 to as much as $2.5bil. The latest move saw Sprint's product head leaving after 25 years of service. The reason for his leaving whether it was related to costs cutting measure or something else is still unclear. Sprint praised Owen for his contribution that helped Sprint succeed and evolve into the wireless company it is today. Sprint extended gratitude for all that he has done and wished him best of luck and continued success in future endeavors. CEO Marcelo Claure has indicated more layoffs are in the offing in the coming months. CFO Tarek Robbiate made statement to effect that no one was safe where costs was concerned.
Two of Fiat 500L used by Pope Francis during his visit in U.S. will be auctioned next week in Philadelphia Auto Show. Pope used the car during his historic visit to U.S. last September.
GM with its main Chinese partner have opened a Cadillac plant in Shanghai on Thursday, 21 Jan 2016 to take advantage of the potential growth in the overcrowded luxury market of China. Cadillac plant has capacity to produce 160,000 vehicles annually. Cadillac believe the luxury car market offer a lot margin opportunity notwithstanding pressure in pricing. Shares of GM have been reported trading on NYSE higher by more than 1 percent on Thursday.
Windows and Dropbox, bonded with a partnership, have announced updating of Dropbox through integrating with Windows 10. The Windows 10 compatible app offers some new extraordinary features. But mobile compatibility of the app is widely desired since it will allow to open synced files from the account storage cloud at any moment.
Schlumberger Ltd, on Thursday, reported a net loss of $1 billion for the fourth quarter and also said that it has axed 10,000 additional employees, as an effort to adjust its resource and cost base.
Capital outflows from developing markets were higher than it was anticipated last year, according to a report by Institute of International Finance. The reason behind this oceanic change in emerging markets cash flow is China, which dragged out 676 billion US dollar.
The timeframe to this plan is still unknown, but the central bank claims that the process has been going on since 2014. China has stated some benefits for having a digital currency in their financial system, including transparency, digital track-recording, as well as reducing transaction costs. Bitcoin, a global digital currency, gained popularity in China in 2013 but has also brought some controversies about the risks.
In an Oracle court proceedings against Google, it was revealed that the search engine company could be paying Apple at least $1 billion in revenue-shares. The payment was made to keep Google's search bar on Apple devices. A source named the sharing percentage for Apple to be 34 percent, but it's yet to be officially confirmed nor denied.
The French foie gras industry is forced to pause production of the delicacy until all farms are cleaned and disinfected. The new safety measures come from the discovery of the H5N1 virus found in a farm in southwest France.
Pennsylvanian small-animal dealer Holmes Chinchilla Ranch and Other Small Animals Inc is being investigated by the U.S. Department of Agriculture over substandard conditions of facilities.
Tesla Motors Inc. sued German parts supplier Hoerbiger Automotive Comfort Systems for failing to deliver the promised falcon door for the Model X based on the carmaker’s standard.
The media research firm Nielsen will enhance its methods for measuring people’s TV watching activities using the new “Social Content Ranking,” which will use Facebook and Twitter for their surveys.
A new app called Nutriray3D lets users to scan their food to determine calorie and nutrient count, but the company is still raising $50,000-worth of funds.
McDonald's Japan will start serving on January 26 the McChoco Potato, which is a unique order of French fries smothered in white chocolate and cacao-flavored dips.
Dish is accused of making more than 55 million telemarketing calls and telemarketing robocalls to landlines and mobile number based on a complaint receive by the Department of Justice dated as far as 2008.
Billions of dollars worth of foreign investments is seen to go into Iran after international sanctions against the Middle Eastern country were lifted. Iran now plans to purchase 114 civil aircraft from Airbus.
Tech start ups in India are in jeopardy after global investors tighten budget for fears that huge online sales may not happen due to increasing valuations and long-term profits.
The 10-time world champion Oscar De La Hoya teamed up with FilmOn TV Networks to two boxing channels called The Ring and Golden Boy Channel. This is a treat for the Golden Boy’s fans who are looking to relive his glory days on their TV screens.
BBC journalist Rana Rahimpour who has a dual British-Iranian nationality was restricted from flying to the US due to changes to visa rules. Journalist deemed the new rules unfair.
Adidas released its laceless soccer boot called “Ace 16+ purecontrol” to bring comfort, stability and especially control for football players, like German footballer Mesut Ozil, who is one of this shoe line's major faces.
The “Real Deal” value offer is launched as a response to the so-called price war joined by other fast food restaurants, including McDonald’s, Wendy’s, Burger King, and others. Carl’s Jr. and Hardee’s Real Deal differs in menu set items as the parent company aims to give a real value option to customers.
Netflix has blocked its Australian subscribers from accessing the US content, who also happen to circumvent its geographical blocks with the help of private virtual network providers like uFlix and ExpressVPN. A continuous error message keeps the users from watching their favorite American dailies and movies. This has irked the so-called "geo-blockers" who are currently working on a solution to penetrate this block.
The new regulation is being established initiated by the San Bernardino shooting in California that killed 14 people and left 22 wounded. It has drawn many concern and dismay among European citizens, especially those with the dual nationalities as mentioned. Europe could also reciprocate, restricting American with the same duality to enter Europe.
The raiding of the party drug factories unravels that the drugs didn't come from foreign countries but instead being manufactured in India. The factories already have the license to manufacture drugs but were misusing the license to produce party drugs. Next, the agencies will trace back where the basic chemicals for the mass production of the party drug are originated.
Vietnam warned China against drilling an oil rig in borderline waters in the South China Sea. Vietnam's anxiety over the rig develops subsequent to a recent flight testing carried out by China on a fake island in Spratly archipelago.
Costco is one among the best places to buy every single men's underwear and accessories including belts, socks and undershirts. Men's Outdoor Trail Sock that carries the Kirkland Signature is one among the best quality in men's sockdom and a four-pack of the trail socks costs just $12.
The move to legalize online poker started six months ago and a few changes have been seen since then. The legalization is expected to stop illegal online gambling that has been going on in the country since the activity was banned, and in turn, could also increase tax revenues for Russia. The rest of terms and time measures on this remain unknown.
The submarine wreckage was found in 2012, but it took years to properly identify the vessel due to the sea conditions. The vessel was initially thought to be a Dutch submarine missing in 1940 but later confirmed to originate in Germany and went missing in 1915. The seabed scans showed more than 60 wrecks, but this U-boat showed up very unexpectedly.
Foxconn has put forth a highly tempting offer of over $5 billion in front of the almost-bankrupt Sharp Corp, which well exceeds its current valuation at $1.8 billion. The other potential buyer, Innovation Network Corp. of Japan, who was already very confident, is not so sure of a win right now. Foxconn's bid amount not only surpasses Innovation's $2.5 billion, the Taiwanese firm has also offered to absorb all of Sharp's debts and not make any top management replacements. While the board does not want their Japanese seller to fall under any kind of foreign control, the decision needs to be based purely on deal economics and not political considerations.
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