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July, 31, 2016

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Business > Americas
Venezuelans barter using smartphones
A kilogram of pasta gets you a packet of diapers. A bag of flour buys a bottle of shampoo. Short on basic supplies, Venezuelans have reverted to ancient shopping habits: bartering whatever they have.
 
What goes up...
The Monaco Tower at the Riviera Hotel and Casino crumbles to the ground during a controlled demolition in Las Vegas, Nevada on Tuesday, June 14. The casino opened in 1955 and was closed last year to make room to expand the Las Vegas Convention Center.
 
Aerospace firm successfully tests solar aircraft
A test pilot successfully flew a solar-powered prototype aircraft on Friday for a company that envisions manufacturing a fleet of drones to provide aerial internet service for an estimated 4 billion people worldwide.
 
Blue diamond sells for US$25 mil. in New York
A blue diamond from the South African mine famous for contributing to the British Crown Jewels sold for more than US$25 million in New York on Thursday, Christie's said.
 
Mutual funds are about to get much more real. A big change is coming in how stock indexes measure the market, one that's likely to push tens of billions of dollars into real-estate investments, according to estimates. All that cash could drive further gains for a group of stocks that's already done quite well since the financial crisis. Critics say it could also make an area of the market that they call overvalued even more so.
 
U.S. government agencies are working on temporary rules to allow a private company to land a spacecraft on the moon next year, while the U.S. Congress weighs a more permanent legal framework to govern future commercial missions to the moon, Mars and other destinations beyond Earth's orbit, officials said.
 
A rescue package for debt-stricken Puerto Rico has cleared a major hurdle in the U.S. House of Representatives and now heads to the upper house Senate just three weeks before the island owes a US$2 billion debt payment to creditors.
 
Golden shower: engineer powers shower by urine
Mexican engineer Gabriel Luna-Sandoval was urinating one day when he realized that the yellow liquid could be of "vital" use elsewhere.
 
Philadelphia could become 1st major US city with soda tax
Philadelphia could soon become the first major U.S. city with a sugary drinks tax after a city council committee voted Wednesday to approve an amended version of a soda tax proposal that would set a 1.5 cent-per-30-milliliters tax on sugary and diet drinks.
 
Mexico's ubiquitous Pemex gas stations now have competition along the country's highways and city streets for the first time in nearly eight decades.
 
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