Faraday Future comes as a new challenger for Tesla in building electric car. The Chinese-backed startup company has invested $1 billion to build factory in America. Other than electric car, Faraday Futures also prepares "rolling smartphone" as a different business model in automotive industry.
Sectors
Two Fed officials say rate hike likely next month
There is a possibility of an interest rate hike next month, according to two senior officials of the Federal Reserve. Speaking before the House Financial Services Committee during a hearing on financial regulation, Fed Chairperson Janet Yellen said the economy had been growing at a pretty good clip, an indication it might be time to raise short-term interest rates.
Toshiba intends to offload $7B US gas commitment
Amidst a major accounting scandal, Japanese electronics major Toshiba is in the process of offloading its $7.4 billion (GBP4.87billion) commitment on US liquefied natural gas (LNG) imports.
Chronos Turn Your Favorite Wrist Watch Into Smart Watch
Smartwatch offers a new level of comfort with more than just a timekeeping. However, smartwatch have not been able to penetrate market well enough. A new innovation from Trivoly is expected to bridge the gap between mechanical watch and smartwatch. Chronos, a tiny disc that is able to turn regular wrist watch into smart watch is planned for shipping worldwide in February 2016.
Verizon plans to sell its business for $10 billion
Verizon Communications Inc. is considering to sell parts of its enterprise which could be worth as much as $10 billion. The company plans to focus on its core business.
Latest News
Twitter Inc has replaced its star-shaped favorite icon with a heart shaped icon called "like". This is the latest effort by the Twitter team to make Twitter more engaging and attractive.
Xiaomi sold 1 million handsets in the third quarter in India, which considered its second biggest market. CNET has reported that Xiaomi VO Hugo Barra considers this quarter their best quarter ever with the sales benchmarks it reported. The sales in India add a whopping 45 percent quarter-on-quarter growth for the company.
The TalkTalk hacks that happened late October may have died down, but recent details shows that the number of victims that were initially reported isn't as it seems. According to BBC News, there are now a total of 156,959 customers that had their personal details accessed through the hack. 15,656 bank accounts were taken from those customers.
US consumers can now buy or lease the Mirai, Toyota's first fuel cell car that runs by combining hydrogen and oxygen to produce electricity. Since it runs on water, its only output is also water, which is clean enough to drink.
Apple Watch is now available in India, one month after iPhone 6s and iPhone 6s Plus became available in the country. 9to5Mac reported that the Apple Watch starts at Rs 30,900 in India. The 38mm and 42mm models are available in the country. They come in gold, rose gold, silver anodized aluminum, space gray, polished silver, space black stainless steel, yellow gold, or 18-carat rose gold.
UGG has been marked as one of the leading brands to the shoe fashion market. Recently, it has come up with another of the upgraded idea, which is strongly anticipated to 'win' winters this year.
Google has launched a new feature that has the capability to automatically reply to your emails on your behalf. The latest feature named Smart Reply by the Google team uses artificial intelligence to scan the email, understand what it says and come up with three short answers for it. The user can then select one of those three answers and send it as a reply to that particular email with a single tap.
Rapes are the major problem encountered by women as well as men. The sense of security is long gone in people starting with the age below 10, ruining the remaining life of innocents.
Philips Electronic Inc. announced the release of a pair of Android smartphones, Sapphire Life V787 and Sapphire S616. The smartphones feature SoftBlue that makes anti-blue screen by reducing 86% of the blue lights emitted.
