Tom Wheeler, the new chairman of the Federal Communications Commission (FCC), on Monday pledged to make the telecommunications industry more competitive.
Mr. Wheeler there was a need to make sure that small wireless carriers are capable of competing in the next year's spectrum auction, adding that he was an extreme believer in the power of the marketplace.
He stressed on the need of the FCC's intervention at a time of stifled competition in the telecommunications market.
The Federal Aviation Administration has said that it does not allow commercial unmanned flights at present and it is unlikely to permit Amazon to use its drone flights for delivering packages.
Jeff Bezos, the head of Amazon, had floated the idea of using commercial unmanned flights for delivering packages. The idea has seen reluctance from the regulators and criticism from the shipping industry. Following the guidelines released on 7 November 2013, it is believed that the regulators will not allow such shipments and delivery.
After a slow start during the holiday season, this year's online shopping day has recorded strong sales growth as an increasing number of customers got online to buy products.
The first Monday in December, which is dubbed Cyber Monday, is expected to be the busiest day in history as Christmas shoppers online as buyers received their salaries for the month leading to Christmas and retailers offered attractive deals online.
Sweden-based Volvo Car Group on Monday announced an ambition plan to develop self-driving cars, with a promise that a fleet of 100 robot cars will hit the road by 2017.
Volvo said the project dubbed "Drive Me -- Self-driving cars for sustainable mobility" would officially start in 2014, and that it would test its "autonomous" cars on 50-kilometer (30 miles) stretch of selected roads in the city of Goteborg, Sweden, starting in 2017.
Equity infusion in cash-strapped airline Air India by the government has neither been adequate nor timely, Civil Aviation Minister Ajit Singh admitted.
The government has infused Rs 12,200 crore into Air India over the past three years, but the national carrier there is still a shortfall of Rs 3,574 crore in equity infusion.
Mr. Ajit said that inadequacy of equity infusion by the government would cause additional interest burden to Air India because the carrier had to seek short-term working capital loans from the lenders.
Bangalore-based software exporter Wipro on Monday confirmed that its had signed a definite agreement to acquire US-based mortgage consulting firm Opus Capital Markets Consultants LLC for $75 million (nearly Rs 466.5cr).
The acquisition Opus Capital will provide strength to Wipro's mortgage solutions and outsourcing business as well as help it improve its existing offerings in mortgage market.
Manoj Punja, Senior Vice President and Head of BPO at Wipro, said, "This acquisition will help us expand in the high end Mortgage BPO segment, and brings differentiated capability with a platform-based risk management offering."
According to a new survey, the manufacturing in the UK has recorded strong growth during the month of November with rising orders and increased hiring.
The CIPS/Markit purchasing managers' index (PMI) for the month of November was recorded at 58.4, compared to a revised 56.5 recorded during the month of October. The figure of 58.4 is highest ever since February 2011 in the UK. A rating of above 50 indicates expansion and that of below 50 shows contraction.
Thames Water has said that it is planning to increase its prices for its 14 million customers in order to be able to pay for mega sewer project in London.
The increase will result in the bills rising from an average of £358 a year to £398 besides inflation from 2015 and 2020. However, other operators in the UK have said that they will either hold their rates or even cut prices for the customers below inflation. DwrCymru Welsh Water has said that it will keep its bills one per cent below inflation for the next six years and South West is planning a 10.9 per cent cut in bills.
According to the latest figures released by the Bank of England, households in the UK are withdrawing their long term savings at their fastest pace in a period in almost four decades.
The figures showed that the people withdrew £23 billion out of long-term savings during the previous 12 months, which is about £900 for every household in the country. The households either used the money for expenses or moved it to easy-access current accounts. The higher spending has helped revive the economic growth in the country as people increased spending on consumer goods.
In order to provide prospective customers with more options during the festive season, Verizon has announced a couple of Droids smartphones in white.
The mobile phone carrier has announced that the Droid Ultra and Droid Mini smatphones are now also available in black, in addition to the standard black and red colours.
The new colour has apparently added with a hope that more colour options would help attract more customers to the Motorola handsets, which have so far gain a huge following. However, the Droid Maxx is still available only in black.
This year's Thanksgiving marked the busiest day for the widely-popular video-sharing service Instagram, as a great number of people used the service to share their holiday related pictures with their friends and relatives.
It may be noted here that Thanksgiving 2013 and the first full day of Hanukkah fell on the same day, November's last Thursday, for the first time since 1888. Occurrence of both Thanksgiving and Hanukkah encourage more and more people to share their picture with others.
According to a new survey, home buyers are increasing looking at locations other than London due to the rising prices of homes in the British capital.
Estate agent Hamptons International conducted the survey that showed that buyers move 26 miles away from the capital. The survey was also found that the pattern of reluctance was also recorded in other parts of England and Wales where people used just 2.5miles. The survey also showed that 32 is the average age that Londoners move away for beginning a family but remained close enough to commute to the city.
The UK government has announced today that it is planning to establish the new British Business Bank in Sheffield.
Business secretary Vince Cable has said that the government has pledged another £250m for the project. The additional funding would mean that the state-run bank will begin with an initial capital of £1.25 billion. The British Business Bank is being established to encourage and help small businesses access finance.
Chancellor George Osborne of the UK will have more room for tax cut giveaways in the country as the economy continues to show strong recovery.
The Office for Budget Responsibility (OBR) is expected to announce that the government is ahead of its forecasts on cutting the deficit, which might allow the Chancellor to have more score for rate alterations. The improving British economy might allow him to allow some tax incentives in the country. The OBR has said that it is likely to increase its economic growth forecast for 2013 from 0.6 per cent to 1.4 per cent.
Amazon. com Inc, the world's leading online retailer, has announced that it is testing delivery of packages using drones - unmanned aircrafts.
Amazon Chief Executive Officer Jeff Bezos said revealed that the company was testing how drones could be used to deliver packages of up 5 pounds (2.3 kg) to buyers. It may be noted here that nearly 86 per cent of packages that Amazon delivers weigh up to 5 pounds.
As per the company's plans, the drones would pick up packages from Amazon's distribution centers and deliver them to buyers' homes.
In a bid to take advantage of India's burgeoning premium motorcycles market, British motorcycle maker Triumph recently launched 10 premium models, with price tags ranging from Rs 5.7 lakh to Rs 20 lakh.
Triumph Motorcycles Ltd's newly launched line-up covers a range of categories like Classics, Cruisers, Roadsters and Supersports. More precisely, the company's line-up includes Bonneville, Bonneville T100, Speed Triple, Daytona 675R supersports, Tiger 800XC, Tiger Explorer, Thruxton cafe racer, Thunderbird Storm and the 2,300cc Rocket III Roadster.
Robert Shiller, the winner of this year's Nobel Prize in economics, has cautioned that increasing equity and property prices could lead to a risky financial bubble that could hurt America's fiscal hopes.
Android 4.4 KitKat, the newest version of Google's widely popular mobile operating system, is now available for the HTC One in the United States.
Using its U. S. Twitter account, the Taiwanese handset maker has announced that it has started rolling out the Android 4.4 KitKat update with HTC Sense and Sense 5.5 for the HTC One smartphone in the country.
The newly launched Jolla handset is apparently an attempt by some ex-Nokia engineers to grab a share of the lucrative and fast-growth smartphone market.
Running on a new OS called Sailfish, the Jolla smartphone features a 4.5-inch IPS LCD screen that offers a resolution of 960 by 540 pixels, a 1.4GHz dual-core Snapdragon 400 (MSM8930) processor, and two cameras - an 8-megapixel camera on its rear with LED flash and a 2-megapixel camera on its front.
The Indian arm of Chinese telecom equipment maker ZTE Corp. aims to nearly double its revenue from India operations in 2014, thanks to projected revival of growth in the sector.
ZTE India Chief Executive Xu Dejun on Friday announced that the company was targeting to generate revenue of $800 million during 2014 from India. Till October this year, the company generated $400 million in revenues. It is hopeful that the figure could jump to $500 million by the end of current year.