Saudi Arabia has suffered from the oil price collapse, and needs to plan a diversified economic strategy. The country has called $30 per barrel oil price is not rational, and aiming to encourage foreign investment to enter the country.

Lesser light falls on the small smart-phone image censor and thus the image quality appears better in larger cameras. But smart-phone industry is in the trend for getting slimmer. Apple has recently been awarded with a patent that is capable of providing better image quality through small, spherical curved lenses. The patented imaging gears are suitable for iPhones and iPads.

Toyota Motor Corp is reported to cease production at its local plants in early February due to the shortage of steel. The halt in production may affect the company's aim to create 4.13 million cars in Japan in 2016.

Alrosa PJSC has recorded 45 percent growth in sales for the fourth quarter of 2015. The rebound in the global diamonds market helped Alrosa post encouraging performance. The diamonds prices in the global market fell over 18 percent in 2015.

Levi's 5012 jeans were very famous and highly demanded globally in 1990s. They were so popular and expensive that they could be traded for heroin in Mexico at that time. These apparels were also a sign of wealth and success.

Ford Motor said its fourth-quarter earnings beat Wall Street analysts' expectations and reiterated 2016 pre-tax profit forecast to be identical to or greater than the previous year.

Microsoft has revealed its quarterly earnings which have surpassed all forecasts and expectations. Its transition from PC platoform to cloud has been successsful as more and more companies are opting for this service. The leaders are quite confident about company growth and revealed their expectations from third-quarter which show some pretty optimistic numbers.

Oil prices rebounded on news that there may be production cut by OPEC. US Brent futures recouped losses by 6.8 percent and US crude pared 9.3 percent losses during the week. In overall, oil prices rebounded by over 25 percent after hitting 12-month low in January. Oil price hit $27.10 on 20 January 2016.

India's Transport Minister Nitin Gadkari said that the country needs $10billion funds to give a push to the economy growth. The Indian government is targeting $14.7 billion investments for infrastructure projects in next three years. The Finance Ministry has also increased budget allocations by 50 percent for infrastructure projects.

Russia says there's proposal from OPEC on production cuts and it's open to have a word on oil production cuts. Russia is a non-OPEC oil producing nation. Russian oil minister said that the proposal envisages five percent cut in the oil production to support falling oil price. However, there's no clarity over the proposal whether it was from OPEC or non-OPEC members.