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Rising Trade Tensions Threaten Asia's Economic Growth And Global Supply Chains 11/19/2024

ECB Sounds Alarm On AI Stock Bubble: A Looming Threat To Financial Stability 11/21/2024

U.S. Telecom Hack Exposes Major Security Vulnerabilities In Global Telecom Infrastructure 11/22/2024

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Business & Finance

EU Consumer Protection Law’s Authorities Are After Twitter, Google Facebook

American social media companies are under the scrutiny radar in Europe for violating the ‘consumer protection law’, which can culminate in fines. Julia Fioretti reported that the ‘Consumer Protection Authorities’ of Europe will be asking various “social media companies” like “Facebook Inc, Alphabet...

Boeing Bags A New ‘$3.4 Billion’ Deal From The U.S. Government

As per the recently signed contract of Boeing and the U.S., the former will be supply the latest helicopter model of Apache. The Company of Boeing has reveal that there has been another contract worth “$3.4 billion” between the company and the U.S. government, whereby the latter along with “an...

Nike Shoes, Muji Foods Skewed In China Consumer Day Show

U.S. sports brand Nike was accused of misleading advertising and Japanese brand Muji for selling food products allegedly sourced from part of Japan affected by radiation at China's annual consumer rights day television show. Nike had misled consumers over high-tech air cushions in some of...

Uniqlo sets to compete with Zara

Fast Retailing Co., owner of the clothing brand Uniqlo, hopes that fast delivery of both the newest collections to stores and custom-made clothes to customers will help overtake Zara brand, owner of the company Tadashi Yanai said in an interview with Bloomberg. Fast Retailing plans to shorten time...

Intel’s ‘Pricey’ Bid Of Mobileye Acquisition Puts The Self-Driving Car Sector Into Alarm

Analysts see this acquisition bringing a promising future for Intel. Mobileye, an autonomous Isreali “vehicle technology firm”, would be bought over by Intel Corp. for “$15.3 billion”, revealed the latter. Moreover, the said purchase deal has the capacity of taking Intel into “direct competition”...

Business Applauds Singapore's Surprise Property Moves

After more than 3 years of sinking prices, revisions to the city-state's property cooling measures is being welcomed by Singapore’s largest listed property firm. "Together with the government's policies to support population and economic growth, such measures will help to ensure a...

Europe green-lights AT&T-Time Warner deal

The European Commission approved acquisition of telecommunications company AT&T Time Warner for $ 85 billion, writes the Financial Times. The American telecommunications company thus overcame the last of the barriers to completion of the deal, which was announced last year. Bob Quinn, Head of...

D&B: Number of corporate bankruptcies in the world went down in 2016

Number of corporate bankruptcies in the world declined in 2016 and reached a record low mark in several leading countries thanks to stimulating monetary policy and ultra-low interest rates in developed economies. This is evidenced by a report of American company Dun & Bradstreet. Thus, certain...

Innogy’s Bid To Be A Supplier Of ‘Super-Fast Charging Stations’

Rivalry and competitions have already crowded the electric vehicle market, wherein Innogy approached the consortium to make a place for itself. The Chief Executive Officer of Innogy, Peter Terium, reported that the company was intensely talking to a “group of carmakers” in the hope of being...

In Diesel Emissions Scandal, Volkswagen Pleads Guilty In U.S. Court

As part of a $4.3 billion settlement reached with the U.S. Justice Department in January over the automaker's diesel emissions scandal, Volkswagen AG pleaded guilty on Friday to fraud, obstruction of justice and falsifying statements. This confession comes as the automaker strives to put...