Washington, July 27 - Regulators in the United States have imposed a record fine of USD 105 million on Fiat Chrysler over recall failures.
Reports quoted the National Highway Traffic Safety Administration, as saying that Fiat Chrysler will also offer to buy back as many as 1.5 million vehicles, and that an independent monitor will audit the US-Italian company's recall performance for three years.
The firm had earlier announced another recall over software faults in one of its models.
The USD 105 million fine overtakes the NHTSA's previous fine record of USD 70 million on Japanese car maker Honda in January this year.
Washington, July 25 - Online giant Amazon's shares have closed 9.8 percent higher after it posted an unexpected profit on Thursday.
A BBC report said that Amazon reported a USD 92 million profit for the three months to June 30, surprising investors who had expected another loss. Sales rose by 20 percent to almost USD 23.2 billion.
The company's stock has also risen by 78 percent since the start of the year.
Amazon has not often reported a profit and last did so for the fourth quarter of 2014. (ANI)
Washington, July 25 - The World Trade Organisation (WTO) has agreed to cut tariffs on IT products worth over a trillion dollars.
In a statement, it said the tariff cuts would take place over a period of three years on products ranging from GPS systems to touch screens.
The WTO further stated said that the agreement is a landmark one, as the deal covers more than 200 products worth 1.3 trillion US Dollar in annual global trade.
This is larger than global trade in automotive products or trade in textiles, clothing, iron and steel combined.
The WTO said that though only 54 member-states took part in the talks but all 161 nations that make up the organisation can benefit from its terms. (ANI)
Washington, July 17 : Xiaomi has launched a new version of its smart TV and a smart water purifier.
According to the Techcrunch.com, Xiaomi's Mi TV 2S is a 48-inch TV set that is 9.9mm thin. It comes with a Samsung UHD display with support for 4k, a quad-core 1.4GHz processor powering the set and the usual array of HDMI, USB, Bluetooth, etc.
Xiaomi has also added a subwoofer and a Dolby-powered soundbar.
The Mi TV 2S is priced at USD 483 and USD 644 for a 'Theatre Edition' which includes a sound system.
Washington, July 10 : Xolo has launched its Black smartphone for the customers on the Flipkart from July 13.
According to the in.techradar.com, Black comes with a 5.5 inch Full HD 1080p display powered by Snapdragon 615 octa-core CPU and 2GB RAM. It offers 16GB ROM which further expandable up to 32GB via microSD slot. The smartphone comes with 4G LTE support
In addition, Black is using Hive Atlas. Black has dual-cameras at the back with one of them being a 13MP and other is 2MP quality and then there is the customary 5MP front snapper for selfies.
Also, Black comes with a 3200mAh battery.
Black smartphone will be available for Rs 12,999. (ANI)
New York, July 9 - Diamond prices continued to soften in the month June with many categories trading at deep discounts to the Rapaport Price List.
Markets were relatively quiet as U. S. demand after the JCK Las Vegas show was weaker than in previous years, and Far East demand remains cautious. Diamond manufacturers are under pressure and continue to lose money on their rough supply.
The RapNet Diamond Index (RAPIa,¢) for 1-carat laboratory-graded diamonds fell 0.9 percent during June. RAPI for 0.30-carat diamonds declined 2.5 percent and RAPI for 0.50-carat diamonds dropped 2.6 percent. RAPI for 3- carat diamonds decreased 1.7 percent.
RAPI for 1-carat diamonds fell 1.6 percent during the second quarter of 2015 and on July 1, 2015 was down 15.3 percent from a year earlier.
Washington, July 3 : The 32 GB variant of Google Nexus 6 is available on Flipkart for as low as Rs 29,999.
According to the in.techradar.com, even if one does not want to avail the exchange offer, then also Flipkart is retailing Google Nexus 6 (32GB) at a price of Rs. 34,999. Also, the users can take home the 64GB variant for Rs. 39,999 without exchange offer and for Rs 34,999 under exchange offer.
Google Nexus 6 was released in the Indian markets last year and was launched at a price of Rs 44,000 for the 32GB, while the 64GB variant was available for Rs. 49,000.
The Google Nexus 6 comes with a 5.96-inch QHD AMOLED display. It is powered by a 2.7GHz Snapdragon 805 quad-core processor along with 3GB of RAM. The storage is non expandable.
Washington DC, 2 July : Companies like Twitter though claim to pledge diversity, have only a mere number of African Americans employees, and exploit the large base of minority users for ad revenue, claimed Rev Jesse Jackson.
President of the Rainbow/Push Coalition, who has campaigned for tech companies to be more transparent about their lack of minority employees, told the Guardian that black people were "becoming intolerant" of Facebook and other Silicon Valley companies' lack of progress in making their offices more diverse.
Twitter's vice-president of diversity and inclusion, Janet Van Huysse, had made promises to "build a Twitter we can be proud of" last year, saying that they were committed to make inclusiveness a cornerstone of their culture.
Washington, June 30 : Uber has announced that it is acquiring assets from Microsoft Bing, including around 100 data-collection engineers focused on the Bings's image collection activities.
According to the Techcrunch. com, both companies confirmed the transaction but neither named the terms of the agreement. Also, both firms declined to elaborate on what the assets are.
Uber said that it is excited about the talent and technology that this acquisition brings. Microsoft said that it has taken many actions to focus the company's efforts around their core business strategy in the last year.
This transaction highlights Uber's increasing efforts to build its own mapping service. (ANI)
Washington, D. C., June 30 - Greece's tourism industry has taken a hit as uncertainly looms large over the country's future in the eurozone.
Chris Wright, the manager director of British travel agency Sunvil Group, said that there was no doubt that bookings had slowed down the last few days. He added that bookings were being made but not at the rate as one would expect at this time of the year, reported the CNN.
Euromonitor International has predicted a modest international arrival growth of three percent in 2015 as opposed to a record 23 percent boost last year.
Angelo Rossini, a travel analyst at Euromonitor said liquidity was a major threat that was deterring tourists in Greece.
Washington D. C., June 29 - Greece has reportedly shut its banks for six business days, starting Monday, with strict limits on ATM withdrawals, amidst a rising concern over the country's economic future.
The country's stock exchange has also been shut as part of the stringent measures announced on Sunday as a possible Greek exit from the eurozone loomed large, reported The Washington Post.
The move indicated that the country's five-year long battle to stay in the eurozone could come to an end swiftly, even as leaders elsewhere called for a way to avoid that.
The crisis worsened after Greece decided to pull its negotiators out of bailout talks on Friday. The European Central Bank declared on Sunday that it will provide no new emergency support to Greek banks.
New York, June 27 - Stylish men are always in fashion but there are certain taboos that they need to break and throw the outdated fashion rules out of the window says fashion gurus.
Choosing an outfit that never goes out of fashion can be a difficult task and when it comes to men as they always opt for blue, but instead one should try out for white as it looks great any time, reported Business Insider.
"Always match belt with shoes" is an old male fashion mantra that men follow for every occasion, but in reality this works only with formal settings other-wise it may portray a person as particular or fussy.
Also, wearing socks with pants was once classy but now shoes without socks are in, unless it is a formal event.
New York, June 19 : Union Finance Minister Arun Jaitley has said that India's 7.5 percent economic growth rate is not its best potential growth rate and that there is restlessness in Prime Minister Narendra Modi-led NDA Government to further boost economic growth.
Jaitley said that a series of reforms aided by a lot of investment particularly in infrastructure, improvement in manufacturing, agriculture will help push up India's economic growth.
The Finance Minister predicted an eight percent growth this year.
"Nobody is very excited about a 7-7.5 percent growth rate in India because everybody realizes, including the Prime Minster that probably our potential is a little higher than that," Jaitley said.
New York, June 19 - The U. S.-India Business Council (USIBC) has honoured Union Finance Minister Arun Jaitley at a reception in New York, with the association expressing its deep optimism in the bilateral economic relationship between New Delhi and Washington DC.
"One year in and Prime Minister Modi and his government have begun to get India on the front foot with lower inflation, a reduced deficit, higher levels of foreign direct investment, and more. Reforms once thought to be insurmountable are now on the table. Going forward, USIBC members want to help India do the things it needs to do to meet its growth targets: create jobs, boost manufacturing, build up infrastructure, and generate tourism," said USIBC chairman Ajay Banga.
Washington, June 18 : As if black wasn't a bit weird enough, Burger King Japan is now introducing a new burger in bright red color.
Called "Aka Samurai Chicken," the sandwich has red buns, bright red cheese and a red sauce made from miso and hot pepper, and will be launched on July 3, priced at 4.40 dollars, reported E! Online.
According to the Wall Street Journal, the food chain had used tomato powder in its buns and cheese to give the bright red color.
They are also offering an Aka Samurai Beef burger.
Burger King U.S. congratulated Japan on the innovation writing "Now that is a pretty, pretty burger."
However, customer reactions were a bit mixed up as while some found it "gross," others said "When are they bringing these to America I need pretty pattys in my life." (ANI)
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