Chinese economy at slowest in 25 years

China grew 6.9 percent in 2015 indicating the slowest growth rate in 25 years. The growth rate was 6.8 for the fourth quarter of 2015. The world's second largest country recorded 7.3 percent growth rate in 2014. Investors are cautious about the impact of slowdown in China's economy. IMF forecasts China's economy growth rate at 6.3 percent in 2016 and six percent in 2017. Chinese government has set a target of seven percent growth for 2016.


Jay Leno parts with his Ford F-150 Harley Davidson for charity

Jay Leno has picked the Ford F-150 Harley Davidson from his exotic collection, to be sold for charity at the Barrett-Jackson auction in Scottsdale, Arizona. The proceeds are meant to go to National Multiple Sclerosis Society.

Ryde App Soon Expanding to Hong Kong

Local carpooling app Ryde, which started in September 2014, has announced plans to expand to Hong Kong. Ryde app helps cut road congestion, pollution, and commuting cost.

Microsoft will Launch Lumia 650 on 1 February 2016

Microsoft is reportedly gearing up to launch its third and final Lumia handset on 1 February in the form of the cheap and cheerful Lumia 650.


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The Hyundai Elantra 2017 has been priced starting at $17,985, which is near $100 lesser than its previous model. The Elantra 2017 has the most advanced packages including Android Auto and Apple CarPlay.
WhatsApp ditched its $1 annual subscription fee and instead will look for other means of income to pay the service to contact consumers.
With the lifting of international sanctions from Tehran, India would be able to recommence its unobstructed oil import from the Persian Gulf country. Iran is anticipated to boost its oil export of 1.1 million barrels per day by 500,000, according to the Indian Oil Cooperation.
China is set to report its weakest full-year growth figure in 25 years. The official GDP data will be published by China’s National Bereau of Statistics on Tuesday.
Microsoft is probably going to bury the business with Lumia handsets and going to introduce the last smart phone by February, the Lumia 650. The Lumia 750 and 850 are still in line, but the tech giant intends to concentrate on surface phone. Burying the “Lumia” name, most likely means Microsoft has something else in mind for the near future.
Trader Joe’s recalled all its Raw Cashew Pieces in stores in 30 states on fears of one group may have Salmonella contamination.
France is now under “a state of economic and social emergency”. To keep up with the world's economy, French President Francois Hollande also unveiled a 1-billion-euro budget.
The Hong Kong dollar fell for four straight days to a four-year low of 7.8040 against the US dollar Tuesday morning, due to outflow of US dollar capital from the region and its weakening economy.
Netflix global expansion faces a new threat. Video streaming providers around the world are starting a global alliance to hinder its further international expansion.
Vietnam‘s economy is steadily expanding at near 7 percent this year, making it one of the world’s fastest-growing markets amidst global market turmoil.