Colombian central bank hints at rate hike

The Colombian Central Bank is heading towards a hike in interest rate. The Colombian government is keen on checking inflation rise and control the current account deficit.


Ted Cruz Campaign collects psychological data from Millions of Facebook users

US Presidential Candidate Ted Cruz harvests data called "psychographic profiles" from tens of millions of US citizens in Facebook. According to The Guardian Ted Cruz's campaign collected these data without the permission of the Facebook users.

Congress to abolish crude export restrictions, oil refiners to receive $3 a barrel tax break

The US Congress is pushing a tax break for oil refiners as a compromise to finally allow unrestricted crude-oil exports. According to The Wall Street Journal, the bill could potentially end the long-time ban on U.S. oil exports, which has been around for forty years.

Jumbo jets may be heading to extinction amid changes in regulations, business dynamics

After ruling the global aviation sector for over 40 years, the wide-body jumbo jets faces a threat of possible extinction. The Boeing 747 wide-body, long-range jumbo jet faces stiff competition from Airbus A-380. Boeing sees a drop in orders for jumbo jets while Airbus has not received an order for the double-decker A-380 after the major order it won from Emirates Airlines.


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The advanced tech-world has enabled the manufacturers to construct vehicles with different properties. One of the examples is the creation of 'mind-controlling' cars. According to Reuters, the research team from Nankai University has worked for the whole two years to bring merely an idea of the mind-controlling car into reality.
Three "international" airplanes were left abandoned at the Malaysian airport. When the owner of the aircraft was called out through advertisement, no one came forward.
London-based SuperAwesome collaborated with the Poki online games to develop AwesomeAds that offers a safe advertisement program for kids. Venture Beat reported that the project targets the U.S. family gamers and aims to provide a safer advertisement campaign for children.
Tesla Motors Inc CEO Elon Musk and other prominent tech company executives raised $1 billion through an initiative called Open A.I. to fund an artificial intelligence research company.
Samsung has taken a decision a take an alternative business of automobile. The reason behind this is the declining profit generated from its Samsung handsets.
A powerful type of opioid painkillers and Heroin are the leading causes of drug overdose in the US, according to new federal statistics. Yahoo News reported that opioid painkillers have long been the leading reasons for overdose deaths in the US, but cases of death with heroin use have recently grown.
YouTuber Astonishing Studios created a vending machine made out of LEGO toys that dispenses McDonald's chicken McNugget.
The Air Force announced Thursday that it plans to more than double its drone squadrons and spread them in and out of the United States. According to the Washington Times, this will add 3,000 more personnel, 700 pilots, and 700 sensor operators. Langley Air Force Base U.S. Air Combat Command head Gen. Herbert Carlisle said adding squadrons in Langley and Davis-Monthan Air Force Base in Arizona could help in the intelligence-gathering tasks.
Falling in line with the economists' forecast, the inflation rate in South Africa rose to 4.8 percent in November, registering its highest since July 2015. Consumer prices marginally rose 0.1 percent during the month. South Africa's currency Rand fell against US dollar, euro and pound. The currency depreciation is likely to be a major risk to the inflation outlook.
The capital outflows from the world's second-largest economy registered record level in November. The capital outflow grew almost three times in November from October.
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