A lawsuit is being filed against ride hailing company Uber by his drivers alleging that the company gas been repeatedly violating European data protection regulations. Alleging that Uber has been “failing to honour its obligations” according to the EU’s General… Read More ›
Economy & Finance
EU’s No-Deal Preparation Is Not Adequate, Say Business Lobby Group
According to reports, warning that the European Commission’s own no-deal Brexit plans “fall short of what is needed to limit major disruptions” were delivered to it in a letter by business lobby groups. Business Europe – an umbrella body for… Read More ›
Corporate breakups could act as catalyst to changes in Dow index
Two components of the Dow Index, DowDuPont Inc and United Technologies Corp are breaking up into smaller companies providing an opportunity to add fresh blood into the index. Although the composition for the Dow Jones Industrial Average has largely been… Read More ›
AT&T’s CEO reveals Huawei’s Achilles heels
Here’s why it does not make any sense to partner with China’s Huawei, as explained lucidly by AT&T Inc’s Chief Executive Randall Stephenson. Randall Stephenson, AT&T Inc’s Chief Executive has disclosed, once you partner with China’s Huawei Technologies Co, it… Read More ›
Minerals used in batteries for EVs should be sourced responsibly
Amnesty International wants battery makers to source minerals responsibly. Extraction of minerals for use in batteries have been linked to human right abuses. With all due respect to Amnesty, it should redirect its focus on the blatant harvesting of human… Read More ›
Report Claims 74% Of US Consumers Go To Amazon When They Want To Shop
A study by Feedvisor, a group that helps brands on issues related to e-commerce marketplaces, has revealed startling data which clearly shows that the retailers should be very worried about the dominance of Amazon over the e-commerce industry globally. In… Read More ›
Disney Closes Its $71Bn Acquisition Of 21st Century Fox
A media house whose scale can only be imagined is not far off as Disney has closed the acquisition of Rupert Murdoch’s entertainment business deal worth its $71bn. The deal includes franchises such as Cinderella, The Simpsons and Star Wars,… Read More ›
Most banks short of compliance under Basel rules
Basel rules were created so as to avoid a scenario wherein taxpayer’s money is used to bail banks in case of a financial crisis. On Wednesday, financial regulators warned, top international banks will collectively require $34 billion (30 billion euros)… Read More ›
$1.32 trillion to leave London ahead of Brexit: EY
Asset managers, banks, and insurers in London are expanding their European operations or opening new offices there to avoid a disruption from Britain’s potentially chaotic departure from the European Union. On Wednesday, in a significant development, Earnest and Young (EY)… Read More ›
Franco-German Doctolib gains unicorn status in latest funding round
Its latest funding round included existing investors including investment firm Eurazeo, France’s state-owned investment bank Bpifrance and venture funds Kernel and Accel. Doctolib, a Franco-German startup which created an online booking platform for doctors stated, it has raised 150 million… Read More ›