🌐 Japan's Economy saw output exceed full capacity by the most in nine years in the April-June quarter, a Bank of Japan estimate showed, a positive sign for the Central Bank as it seeks to accelerate Inflation to its elusive 2 percent target.
🌐 The International Energy Agency (IEA) has raised its forecasts for renewable energy over the next five years following a record 2016, mainly driven by a surge in solar photovoltaic (PV) capacity in China, India and the United States.
🌐 German engineering firm Siemens is ready to participate in the modernisation of power plants in Russia, the head of its Russian branch said.
🌐 Bangladesh signed a $4.5-billion, third line of credit agreement with India for its infrastructure and social sector development. The deal would help in funding 17 major projects in Bangladesh that include electricity, railroads, roads, shipping and ports.
🌐 Google unveiled a hands-free camera named 'Clips' which will be available at a price of $249. The camera uses Artificial Intelligence to automatically recognise faces, take photos and can also be clipped to various objects to take videos.
🌐 A Hostel in German seaside town Warnemunde has been made using shipping containers. The Dock Inn features 64 guest rooms made using shipping containers, while there are also containers housing a cinema hall and a spa. Interestingly, exposed pipes and concrete walls form part of the decor of the hostel.
🌐 The World Bank has supported GST implementation in India claiming that it will have a 'hugely positive impact' on the country's economy. The Bank's President said they have been closely watching PM Narendra Modi's efforts to improve business environment and they think it'll pay off.
🌐 A paper plane soared into the goal during an England-Slovenia football match, eliciting cheers from the crowd. The match was goalless for the majority of the time, and England fans were throwing their folded tickets on the pitch in a reported effort to amuse themselves. England eventually secured a 1-0 victory and qualified for the 2018 World Cup.
🌐 The Finance Ministry announced that PAN and Aadhaar details will not be mandatory for jewellery purchases above Rs.50,000. Any entity dealing with gems and jewellery and with an annual turnover of Rs.2 crore or more shall not be covered under the Prevention of money laundering act.
🌐 Japanese company Yukai Engineering has unveiled a pillow with robotic tail that wags when stroked by a user. Called 'Qoobo', it detects strokes through the accelerometer present inside its body and will reportedly have an eight-hour battery life with USB charging.