The company was punished for cross-border restrictions: it did not allow retailers to take advantage of more favorable conditions offered by banks in other EU countries. The European Commission fined MasterCard for cross-border restrictions: the company artificially raised fees for processing...

Chinese smartphones manufacturer Xiaomi Corp. plans to invest more than 10 billion yuan ($ 1.46 billion) in the Internet of Things (IoT) technology over the next five years, reports Securities Daily. Xiaomi has long been developing this strategy. At the end of last year, the company created another...

The German and American car builders are launching a strategic partnership at the time of a decisive restructuring of their business. A new transcontinental alliance is being formed in the global automotive industry. Its initiators are Europe’s largest auto concern, German Volkswagen, and America’s...

Following the entry of Ellison into Tesla’s board of director, he turns an investor for the company. The founder of Oracle Corp, Larry Ellison is also the ninth “richest man in the world”. Ellison has made an investment of “$1 Billion” in Tesla Company, while he has also become a part of Tesla’s...

According to reports, the bid by the chairman of retailer Sears - Edward Lampert, for the company at a bankruptcy auction was upheld. This means that the company would be potentially be saved and be in business along with the jobs of tens of employees of the company.   Reports quoting...

Facebook has confirmed that it has removed from its social media platform hundreds of fake pages and accounts that are allegedly related to Russian operations and hackers.   The company had removed "multiple pages, groups and accounts that engaged in coordinated inauthentic behavior on...

Bills were introduced in the United States Congress by a bipartisan group of US lawmakers seeking to pass a law that would put a ban on the sale of chips or other components made by US companies to Chinese telecommunications companies including Huawei Technologies Co Ltd and ZTE Corp that are or...

“Big Mac” is no longer owned by McDonald’s completely. The company has lost the exclusive right to this name - however, only in the territory of the European Union. A sesame seed bun, two chops, sauce, cheese, cucumbers, lettuce and onions. This recipe turned 50 years old in 2018, and McDonald’s...

According to experts of the retailing industry, in terms of adoption of artificial intelligence by industries, the global retail industry will be the fastest.   "Technology will continue to strip friction from brick-and-mortar retail and AI will become retailers' go-to technology," said...