Business

European shares drop sharply as worries over China intensify

Unsurprisingly, oil and gas stocks were some of the worst hit. "Chinese demand for European exports is weakening and the price of European goods and services is getting costlier for the Chinese". Marks and Spencer , however, bucked the trend and gained ground despite a weak set of third quarter results as chief executive Marc Bolland announced he will leave the company in April.

Business

Chipotle hit with subpoena in federal criminal investigation over norovirus

The Mexican restaurant chain said Wednesday in a securities filing that it's been hit with a Federal Grand Jury Subpoena after a norovirus outbreak in California. The cases received far more national media attention than the norovirus outbreak in California, and the company's sales have plunged. Chipotle officials said the norovirus in Boston was traced to a sick employee.­ The Boston store has since reopened.

Business

Xiaomi confirms Snapdragon 820, February launch for Mi 5

If you're waiting for Xiaomi to introduce its flagship smartphone, the Mi5, at CES 2016 trade fair, then you will be disappointed since the Chinese company has no intention of doing that . In addition to these rumors, word on the street is that the Xiaomi Mi 5 is going to be equipped with a 16 MP lens for its main camera and 13 MP for the front-facing snapper.

Business

Hong Kong's leader says he's 'highly concerned' about missing booksellers

But an editorial in the Global Times newspaper, close to China's Communist Party, accused the bookstore run by the missing men of selling publications containing "maliciously fabricated content". He reportedly called his wife on the night of his apparent abduction, telling her that he "will not be coming back anytime soon". Asked about the possibility of several of the booksellers holding British passports, Chinese Foreign Ministry spokeswoman Hua Chunying said that " Hong Kong is ...

Business

What's the Price Tag of Oculus Rift VR Headset?

But many were annoyed by the price of the headset. "We continue to believe that mobile VR platforms - like Google Cardboard, Gear VR - will gain faster momentum, with expensive headsets initially limited to technology 'early adopters, '" he wrote.

Business

Sanders pledges to break up banks during 1st year in office

S, he plans to enact wider and more firm bolder plans compared to Mrs. Clinton, in transforming financial system in the country. He said Clinton had not demonstrated that she could properly control misbehavior in the financial industry. "In my view, it is unacceptable that the Federal Reserve has been hijacked by the very bankers it is in charge of regulating". Their assets are equivalent to almost 60 percent of our GDP.