3 Reasons Hong Kong is the Perfect Location for Internet-Based Businesses

When you’re planning a start-up, the first problem you have is finding the right location. Whilst there is nothing wrong with establishing your business in your home country, doing so can cost big. Today, it’s more practical to venture into offshore corporations for easier management.
Hong Kong is one of the most prominent tax havens in the world. It is the epitome of globalisation and the free economy, which makes it ideal for businesses – particularly Internet-based ones. Three reasons …

S&P Sets Record Close At 2,000 Points

Wall Street is on a roll when it comes to record-setting. On Tuesday, August 26, S&P 500 surpassed the 2,000-point mark for the very first time.
30th record
Experts note that this is S&P’s 30th record for 2014. Standard & Poor’s 500 index gained 2.10 points – or 0.1% – during the day, prompting the brand to go past the 2000-point mark by a hair. The session ended with S&P 500 at 2000.02 points, although it did climb up as high as 2005.04. The company has gone past the …

HP Calls Back 6 Million Computer Cords

Tech giant Hewlett-Packard initiated a recall on over 6 million power cords it sold from September 2010 to June 2012.
Reports show that the affected units include notebook computers under the HP and the Compaq line and different models of docking stations. The company cited fire safety risks concerning the product.
Based on the inspection of federal regulators, HP’s power cords present an overheating risk. There had been cases of fire accidents linked with the recalled products. Out of the 29 …

Amazon Buys Streaming Site Twitch for Nearly $1B

Retail giant, Amazon, has finalized its plans of buying video streaming site Twitch for an all-cash deal that amounts to $970 million.
Sorry, YouTube
Twitch CEO Emmett Shear welcomed the deal with Amazon and said, “Being part of Amazon will let us do even more for our community. We will be able to provide tools and services faster than we could have independently.”
The story comes after previous reports indicated that Google’s YouTube has been negotiating an acquisition deal with Twitch. …