In a significant development, a source familiar with the matter at hand has revealed, Toshiba Corp is weighing option which include a $20 billion offer from CVC Capital Partners, a private equity firm, to take it private. The development comes… Read More ›
Month: April 2021
SEC charges actor Zachary Horwitz with operating $690 million Ponzi scheme
In a statement the U.S. Securities and Exchange Commission said it had charged actor Zachary Horwitz with operating a $690 million Ponzi scheme.
Sony Pictures and Amazon Falls set up themed amusement park in Thailand
In a statement Sony Pictures Entertainment and Amazon Falls said, they have teamed up to set up an amusement park in Thailand, based on productions from Sony’s Columbia Pictures studio. The 14-acre Columbia Pictures’ theme and water park named Aquaverse,… Read More ›
Fox Corp sues Flutter Entertainment over dispute in sports betting firm FanDuel
In a statement Fox Corp said, it had filed a lawsuit against Flutter Entertainment for exercising its option to buy a 18.6% stake in U.S. sports betting firm FanDuel Group. According to a report from CNBC, while Fox wants to… Read More ›
Google’s Copying Of Oracle’s Code Was “Fair Use”, Rules US Supreme Court
The Supreme Court of eh United States has ended the decade-long legal tussle between tech giants Google and Oracle over the allegation that Google had copied a an Oracle owned code in Google’s Android operating system. A case against Google… Read More ›
Covid-19 Vaccine Certificates Will Likely Be Mandatory For Travel, Says Qatar Airways CEO
The requirement for every air traveller to have a Covid-19 vaccination certificate will likely be the new trend with the industry trying to rebound from the severe hit to the global airline industry because of the pandemic, said the CEO… Read More ›
Digital payment giant Stripe expands into Middle East, opens office in Dubai
On Tuesday, digital payments giant Stripe announced the opening of an office in Dubai, marking its first expansion into the Middle East region. Founded in 2010 by Irish brothers Patrick and John Collison, Stripe is used by more than 50… Read More ›
POSCO weighing options to exit Myanmar military controlled joint venture
In a significant development, South Korean steelmaker POSCO has begun reviewing how it might terminate its joint venture with a company controlled by the military in Myanmar, in the wake of the military coup there in February, said two sources… Read More ›
Japan Airlines Co Ltd to retire 13 Boeing 777 planes with PW4000 engines
In a statement, Japan Airlines Co Ltd (JAL) said, it had retired its fleet of 13 Boeing Co 777s equipped with Pratt & Whitney engines a year earlier than planned. The development comes in the wake of a February 2021… Read More ›
Australia-New Zealand quarantine free travel bubble to start on April 19
A quarantine-free travel bubble between Australia and New Zealand which is expected to start on April 19, is likely to be a world-first, said New Zealand Prime Minister Jacinda Ardern said on Tuesday. She went on to add, the conditions… Read More ›