Japan pulled back into depression again
World’s one of the largest economy is again on the verge of recession as its growth rate dropped to under 1% putting pressure on the central bank and the government. Business Investment and expenditure sharply down under 1.2%. Economists convinced the need of more stimulus into the economy to bring back the required growth.
Marriott Became The Worlds Largest Hotel Company
Marriott Inc purchased another hotel giant Starwood Hotels & Resorts Worldwide Inc. for $12.2 billion. Now the company said to operate more than 5000 hotels world wide. It is said that many rich Chinese Hotel company’s were bidding for the Star Wood.The news is highlighted as US hotel industry is facing recession since 2009 as industry fell down sharply due to decrease in the investment.
Intel Facing Difficulties
The famous Moore’s law is getting slow to implement as the semiconductor chip giant Intel is unable maintain chip density. It has been observed that Moore’s Law had reached its limit to put more transistors on single chip.Intel is also facing tough competition with some of the mobile chip makers like Qualcomm and many Chinese companies.
Mercedes to connect cars with the smartphone
The company is integrating car functionalities with the smartphone. Now the car driver can find more information about car including its fuel gauge in his smartphone creating autonomous wheels on the road. The company is pushing to adopt many sensors on its wheel. It is also said that the company is about to face toughest challenges as the Volvo company cars are about to unveil there new luxury cars.
Banking may go Iris Bio-metric
Top banks like NatWest and RBS are finding uneasiness to authenticate their account holders information as the fingerprint recognition technology is filled with vulnerabilities and loopholes.So to keep the banking safe and secure, banks are searching for alternative technology where Iris recognition will be the next bio-metric for banking as the Iris recognition is hard to rebuild to make another copy of it.