Tiffany & Co. Faces Decline in Its Sales for First Time in Five Years

Tiffany & Co's quarterly sales dropped for the first time in five years. There are further expectations that the sale of the American luxury jeweler might decline further.

It is said that a strong dollar keeps away the tourists from its flagship New York jewelry store but also reduces the value of sales overseas.

As per the available data, sales outside the United States account for roughly half of Tiffany's total revenue, while sales among tourists in the past have accounted for a quarter of US sales.

It has been known that Tiffany has been battling with the effects of a strong solar for months, the drop in sale in the fourth-quarter anyhow surprised analysts. Analysts were expecting an increase in Tiffany's sales in the fourth quarter.

All about Mercedes F 015 Self-Driving Car

Mercedes wants to offer people an experience wherein they can imagine sitting comfortably in a luxurious automobile, with ample space, having face to face conversation with leg room to spare, checking email or completing up that work project, while the car they are taking to meeting is cruising along with no driver at the wheels.

This is the experience that Mercedes wants to offer with its F 015 Luxury in Motion, a computer-driven autonomous vehicle. According to experts, driving will no longer be needed in car transportation. It is going to be the place to socialize, relax, work and do anything and everything, excluding to pay attention to the road and other drivers, safety lights and speed zones.

Alibaba to introduce ‘Smile to pay’ technology that will allow users to pay using Selfie

A mobile purchase security system is being developed by Chinese e-commerce merchant Alibaba. The security system would authenticate payments by matching a photo taken by the user at the time of purchase with one stored on their smartphone.

The technology is currently being tested by Ant Financial, an Alibaba affiliate that runs the Alipay payment service, which is China's largest online and mobile payments service.

Apart from the new selfie-based payment scheme, Ant Financial is also developing another voice-command activated verification method before purchasing online.

The facial-recognition payment system called 'Smile to Pay' was demonstrated by Jack Ma, founder and CEO of Alibaba Group Holdings, at the CeBIT 2015 conference in Germany this week.

MAVEN uncovers Two Mysteries in Martian Atmosphere

Mars Atmosphere and Volatile EvolutioN Mission (MAVEN) of the National Aeronautics and Space Administration (NASA) has uncovered two new mysteries in the atmosphere of Mars. The probe, which has been orbiting the Red Planet since last year has noticed a weird high-altitude dust cloud and an aurora show in the atmosphere of the planet. According to reports, the dazzling aurora light show was much lower in the Martian atmosphere than scientists anticipated. In addition, scientists do not know about the origin of the dust cloud.

According to the space agency, the dust cloud had extended from about 150 kilometers to 300 kilometers over the surface of the planet. The agency said that it had not expected a weird dust cloud at those altitudes.

Recently Found Two Seafloor Gateways Can Be Reason behind Rapid Thinning Of Totten Glacier

Researchers at the University of Texas at Austin's Institute for Geophysics (UTIG) in the Jackson School of Geosciences have recently discovered two seafloor gateways.

Researchers believe that these gateways might be allowing the warm ocean water to enter the base of the Totten Glacier, East Antarctica's largest outlet of ice and the most rapidly thinning glacier.

The findings, published in the March 16th edition of the journal Nature Geoscience, explain the reason behind glacier's fast melting and also raised concerns about how it will impact the sea level.

Jamin Greenbaum, one of the researchers, said in a news release that they know there are avenues for the warmest waters in east Antarctica to access the most sensitive areas of Totten Glacier.

Bernice Steadman, part of NASA’s Mercury 13 Program, dies at 89

Bernice Steadman, 89, one of NASA's first female trainee astronauts, died on Wednesday, March 18, 2015, at her Traverse City home. Steadman even after countless personal and professional obstacles spent her life soaring through the sky.

Steadman was one of a handful of women who were selected for consideration as a member of NASA's space program, In the 1960s. She was also one of the few who passed the rigorous Mercury Program medical examinations.

But Steadman was not able to get a chance to train for space as NASA abandoned the idea of female astronauts.

Pages

News in Focus

LG Electronics India Share Price Could Reach Rs 2,141: Ventura Research

Ventura Research has initiated coverage on LG Electronics India with a BUY rating and a 24-month target of Rs 2,141, implying about 27 percent upside from the current price of Rs 1,688.

International Kabaddi Federation Adds 18 Countries from Europe as European Kabaddi Federation Supports IKF Chief Kasani Gyaneshwar

The International Kabaddi Federation is poised to almost double its membership to roughly 80 nations, as delegates from 35 to 40 aspiring kabaddi countries convene here for a landmark two-day concl

Adani Enterprises Share Price Target at Rs 3,880: Motilal Oswal

Motilal Oswal has initiated coverage on Adani Enterprises with a BUY rating and a sum-of-the-parts target of Rs 3,880, implying about 25 percent upside from the current price of Rs 3,110.

Oberoi Realty Share Price Target at Rs 2,200: ICICI Securities

ICICI Securities has a BUY on Oberoi Realty, setting a sum-of-the-parts target of Rs 2,200 — about 17 percent above the current price of Rs 1,886 and pitched at a 40 percent premium to residential

10 Mistakes to Avoid When Buying Car Insurance Online

When you purchase car insurance, the decision can seem straightforward. Vehicle details, premium comparisons and an online payment can complete the process within minutes.

5 Bracelets for Women as a Thoughtful Gift for Her

A thoughtful gift often feels special because it reflects how closely you understand someone's taste, habits, and personality.