While the year 2015 has witnessed fingerprint recognition scanner becoming a must-have feature in top of the line handsets, iris scanning technology is expected to be the center of attraction in high-end smartphones in the next few years. Iris recognition, an automated method of biometric identification, enables you to unlock the phone as well as secure mobile payment by scanning your eyes instead of the tip of your fingers. The new recognition method, which analysts said is widely regarded as becoming the next security standard, has found its way to mobile devices. South Korean...
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2015
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Electric car sales in China are expected to reach 220,000 to 250,000 this year, surpassing the US to rank first worldwide, China Association of Automobile Manufactures (CAAM) forecast. Worldwide electric cars sales will hit 600,000 and the figure for the US market is estimated to be 180,000, said Xu Yanhua, deputy secretary-general of CAAM. Although China has achieved rapid development in electric vehicles, quality instead of quantity should be focused on for the sustainable development of the industry, Xu told an industry conference. In particular, vehicle safety and the ...
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2015
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The International Monetary Fund (IMF) has announced that China’s currency, the yuan, will join the fund’s basket of reserve currencies. Currently just the US dollar, the euro, the yen and the pound are in the group. The IMF said the yuan ``met all existing criteria’’ and should become part of the basket in October 2016. IMF chief Christine Lagarde said it was "an important milestone in the integration of the Chinese economy into the global financial system". She added it was also a recognition of the progress that the Chinese authorities have made in the past years in refor...
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2015
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Bill Gates has pulled together a multinational band of investors to put billions into clean energy. Microsoft co-founder and philanthropist is set to announce his latest endeavor, the Breakthrough Energy Coalition, at the climate change summit in Paris alongside President Obama and French President Francois Hollande. The fund will be fed by a group that spans more than two dozen public and private entities -- including national governments, billionaire philanthropists, investment fund managers and tech CEOs. "The renewable technologies we have today, like wind and solar, ha...
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2015
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Mario Draghi’s latest bid to revive the eurozone economy by extending unprecedented monetary easing yesterday failed to impress markets that had bet on even more. The European Central Bank pledged to continue its 60bn-a-month bond buying programme for another six months until March 2017 “or beyond”. Policymakers also cut a key interest rate to a historic low of minus 0.3 per cent and agreed to buy more assets with the proceeds of its existing bond purchases. But these measures — supported by a decision to buy municipal bonds in addition to standard government debt — disappointed inve...
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2015
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