Ugly shoes are the new craze in America. Stretchy laminated sneakers and weird, fur-striped sandals are being sold by Zara. And celebrities and fashion editors are wearing clunky black-and-white Adidas slippers. Some mystifying, ultra-shaggy slip-ons were designed by Gucci. Awkward, curvey… Read More ›
According to new research by independent advisory firm Capital Economics, the cash that is held overseas by U.S. firms is very unlikely to be ever repatriated and the report also states that the amount of cash held overseas by U.S…. Read More ›
2016 seems to be headed towards being a year when rating agency – Fitch Ratings, handed over the most number of sovereign downgrades even while there is over more than three months to go till the end of the year…. Read More ›
Noting the absence of a clear indication that the central bank’s rate-setting group was set to tighten policy, Goldman Sachs has trimmed the odds of the U.S. Federal Reserve raising interest rates next week. While raising the odds that the… Read More ›
This acquisition by Renesas Electronic Corp will result in the diversification of its portfolio and could see its sales chart boom due to the intensifying usage of electronic components in the auto industry. Midst a rising wave of consolidation taking… Read More ›
Hanjin Shipping’s cargo hangs in the balance as it desperately tries to secure additional funds. According to a spokesman of the Hanjin Group, its chairman has transferred $36 million (40 billion won) to Hanjin Shipping today so as to help… Read More ›
A system for machine-generated speech that it says outperforms existing technology by 50 percent has been created by Google’s DeepMind unit, which is working to develop super-intelligent computers. An artificial intelligence called WaveNet that can mimic human speech by learning… Read More ›
The possibility that employment has peaked at the firms that are the world’s biggest providers of banking jobs was highlighted when China’s four biggest banks reported that staff numbers fell by the most in at least six years in the first… Read More ›
Helped by the rise of virtual reality (VR) headsets and affordable 360 degree cameras, selfie lovers can forget it and adopt the “surroundie” which can soon become the newest trend in picture taking. A selfie taken with a 360 degree… Read More ›
Hobbling a Facebook Inc. initiative to spread internet access across Africa and marking the second loss of a spacecraft by Elon Musk’s venture in a little more than a year, a SpaceX rocket blew up on a launchpad in Florida. As SpaceX… Read More ›
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