Following the signing of an executive order by United States President Donald Trump that could put a ban on Chinese owned short video sharing app TikTok and Tencent owned messaging app WeChat, some of the unintended casualties of this could… Read More ›
Regulations & Legal
Taiwan negotiating SeaGuardian surveillance drones purchase with U.S.: Sources
In a significant development, six U.S. sources familiar with the negotiations have disclosed, the United States is negotiating the sale of at least four sophisticated aerial drones to Taiwan. Armed with the SeaGuardian surveillance drones, that have a range of… Read More ›
Toyota Reports Its Smallest Quarterly Profits In Nine Years Due To Pandemic
Japanese auto maker Toyota Motor Corp managed to pull out a very small quarterly profit which as the lowest for it in nine years as the company struggled to cope up with the hit to the global economy due to… Read More ›
Lufthansa To Implement Compulsory Lay-Offs Amid Gloomy Forecast Till 2024
German airlines Lufthansa has served notice to its German workers for compulsory lay-offs on Thursday as the embattled airline the job cuts were unavoidable as it had made a loss of 1.7 billion euros ($2 billion) in a single quarter… Read More ›
Growth Of UK Business In July The Fastest In 5 Years Following Cvoid-19 Slump
The results of a survey have provided some encouraging news for the United Kingdom economy. Data showed that the growth of businesses in the services and manufacturing sectors of the country in the month of June was the fastest more… Read More ›
Despite $5B Pandemic Hit, Disney Results Not As Bad As Feared
Despite the novel coronavirus pandemic forcing closure of most of its entertainment parks all across the globe along with the closure of movie theaters and sporting events, Walt Disney Co managed to eked out an adjusted profit and avoid the… Read More ›
Ad industry forms partnership to create targeted ads standards
In a significant development, major advertisers, including Procter & Gamble, Ford Motor Co, and Unilever, and trade associations, have formed a partnership to develop industry standards for targeted advertisements. Targeted ads, a data driven strategy used to target consumers based… Read More ›
Hong Kong-based Imperial Pacific International charged with money laundering in US: Justice Department
In a statement the U.S. Justice Department stated, executives from Imperial Pacific International, a Hong Kong-based gaming and resort company, have been charged with money laundering and harboring illegal aliens, in the United States.
South Korean court verdict allows seizure and sale of Nippon Steel’s assets sparking diplomatic tensions
On Tuesday, in a significant development which could potentially strain Japan-South Korean relation, Nippon Steel Corp stated it will appeal a South Korean court ruling which allows the seizure and sale of the company’s assets in compensation for forced wartime… Read More ›
Europe’s Economy Suffers Record 11.9% Slump In GDP Reported By EU For Second Quarter
The novel coronvirus pandemic hit the European economy very hard during the second quarter with a contraction of 11.9 per cent s the economy was pushed into a deep recession. In terms of the quarter-on-quarter contraction in the GDP of… Read More ›