To help the home-sharing company Airbnb Inc. to develop new services and fund growth initiatives, a $1 billion debt facility from some of the largest U.S. banks has been secured by the company, sources close to the matter told the media. JPMorgan Chase & Co., Citigroup Inc. and Bank of America Corp led the debt…
Another Chinese arrested for economic espionage. Can we ever trust the Chinese? A former IBM software engineer in China has been charged with 6 counts of economic espionage, including the theft of trade secrets. Xu Jiaqiang, a 30 year old former IBM employee has been accused of using his access as a developer to steal…
Going green isn’t just an option anymore, it is becoming the norm. When Harley-Davidson showed off its electric motorcycle project aptly called Project LiveWire, the company was probably hinting at possible new motorcycle line. During a chat with the Milwaukee Business Journal, Harley Davidson’s Sean Cummings stated that an electric version of the Harley will be…
With Gro.hub and Gro.io the IoT has come to your hydroponic garden. It was only a matter of time before the technology known as Internet of Things (IoT) came to our rescue with garden work. The Gro.io is a fully automated hydro system that is controlled by the Gro.hub. Think of the Gro.hub as a…
The visuals are said to be jaw dropping. Do ensure you have got a top notch video card for those dragon rides. It appears that the rumours of ‘The Elder Scrolls V: Skyrim’ appearing on console platforms including the Xbox One and the Playstation 4 are true. Bethesda, the developer, had ported the game to…
The World’s 50 Best Restaurant Awards, an annual tradition that has become a beloved — if lightly regarded — annual tradition in the culinary world has named the Osteria Francescana as the best eatery on the planet. While Modena, Italy’s Osteria Francescana won raucous applause for its win, last year’s winner – El Cellar de…
In order to win business from a Libyan investment fund set up under Gaddafi regime, Goldman Sachs bankers paid for prostitutes, private jets and five-star hotels and held business meetings on yachts. These were told to the high court in London on Monday. The Libyan Investment Authority has staged a claim for $1.2bn (£846m) from…
Although currently the aircraft was piloted by a human, Luminati wants them to be drones that will never need to land. It appears that Solar Impulse 2, is not the only aircraft which has reached a major milestone: Luminati Aerospace has also conducted a public flight test of its prototype solar aircraft. Called the VO-Substrata,…
Apparently Cupertino’s dress code policy is to be blamed for this fiasco. People are increasingly using social engineering to break into a secured environment, and I am not talking about just hackers. A number of thieves in New York City have adopted social engineering to help themselves to free Apple products from its brick and…
Although Google Fiber provides crazy internet speed, covering the last mile using millimeter wave, 5G tech is proving to be quite a challenge. Gigabit WiFi can only provide 7Gbps speeds provided the two end points have a line of sight. Furthermore, millimeter wave technology gets absorbed by buildings, trees and even by atmospheric moisture. For…
