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Facebook’s Oculus VR division has revealed in a recent announcement that its much-anticipated Rift virtual reality (VR) headset will be available for pre-order on Wednesday, January 6, 2016.

Ride-sharing app company Lyft today announced that it has raised $1 billion in new funding, including a $500 million investment from General Motors.

It bars sales by shareholders or senior executives who hold more than five percent stakes of the company, and traders have anxious that if it was lifted a wave of pent-up selling pressure would hit China’s volatile exchanges. Financial analysts have warned that would lead...

“Every single year more than 30,000 Americans have their lives cut short by guns”, said President Obama in a press conference Tuesday.

Jubilant North Koreans celebrate the success of what Pyongyang says is the nation’s first test of a hydrogen bomb. The Hermit Kingdom has been conducting tests with nuclear weapons for the past 10 years, but global pressure and sanctions have not had any halting effect on...

The development of a network of on-demand autonomous vehicles will combine GM’s advancing autonomous technology and Lyft’s platform of ride-sharing services.

The uninhabited islands are in the East China Sea, 330 km from China’s coast, 170 km northwest of the Japanese island of Ishigaki and a similar distance north of Taiwan.

General Motors Company [NYSE:GM] today announced it is entering a long-term strategic alliance with Uber-rival Lyft to create an on-demand ride-sharing service that will rely on a fleet of autonomous cars.

The Japanese yen, considered a safe-haven currency, traded slightly lower against the dollar from the previous session, with the dollar-yen pair at 118.57. Stocks plunged further after trading resumed 15 minutes later, triggering the daylong trading freeze.

The CSI300 index dipped 7 percent in afternoon trade Monday, resulting in trade being suspended for the day. Escalating tensions in the Middle East pushed up the price of oil, analysts said.

Severe floods in the Midwest during the previous week forced several companies to shutdown oil pipelines in and out of Cushing (located in PADD 2), which can help explain the large build in stocks there and lower utilization rates at Midwest refineries. That’s because a...

In doing so, it made a growing sectarian problem in the region even worse; goaded Iranian hard-liners into storming the Saudi Embassy in Tehran; and severed diplomatic ties with Iran – all while refusing for the past two-and-a-half years to meet directly with Iran to...

Hong Kong’s leader said Monday that he was “highly concerned” about the recent disappearances of people associated with a publishing company in the city that specializes in titles critical of mainland China’s leadership.

“But we note that they’re not enough”, he says.

After eliminating the effects of price fluctuations, which generates the numbers used to calculate gross domestic product, the trade deficit narrowed to US$59.6 billion in November from US$61 billion the previous month.