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Alleged Leak Of Internal Info By Employees Being Investigated By Amazon

An investigation on its employees who are suspected to cause internal leaks of confidential information against bribes for the removal of fake product reviews and some other seller scams has been initiated by the US based largest online e-retailer of the world Amazon.com Inc, said the company in a...

Samsung's Chief Is To Visit North Korea – Most Likely Not For Business Opportunities

The chief of the largest smartphone maker of the world – Samsung, is set to accompany South Korean President Moon Jae-in to North Korea.     An ambitious plan for South Korea to connect to the rest of the Asian continent through a land corridor over North Korea was laid down last month...

British Airways CEO Tenders Apology For Data Breach

An apology to customers was issued by the chief executive of British Airways Alex Cruz who described the most recent hack in the airline’s website base as a very "sophisticated, malicious criminal attack". The airline confirmed that the hackers had stolen personal and financial details of customers...

'Key Man Risk' Fears Among Investors Sees JD.Com Shares Taking A Hit After CEO Arrest

The shares of Chinese e-commerce giant JD.com Inc were battered after investors were spooked by a U.S. police investigation into an allegation of rape against the firm’s CEO Richard Liu. Investors are also worried about the strong grip that the CEO has on the company without the existence of a...

Recyclable Glue Will Replace Carlsberg’s Plastic Ring Can Holders

The global brewing giant Carlsberg wants to replace the very familiar plastic can holders with recyclable glue. The plastic can holders are used for lager and beer multipacks.   A new “snap pack” is slated to be introduced by the Danish brewer in a phased manner of replacement of plastic in...

Amazon Becomes A $1 Trillion Company For A Short Time, On Way To Surpass Apple

All be it for a short period of time, but Amazon.com Inc equaled the feat of Apple Inc to become the second publicly traded US company to be valued a $1 trillion following the more than doubling of its stocks in a year driven by increased investor confidence because of its growth in retail and...

BRICS Bank Given Favorable Rating By International Agencies

International ratings agencies S&P Global Ratings and Fitch Ratings have given favorable ratings for the newly formed BRICS New Development Bank (NDB), said the Shanghai-based bank on Wednesday.   According to the bank, a AA+ long-term and A-1+ short-term issuer credit rating have been...

Latest Passenger Murder Intensifies Pressure On Didi in China

Tighter regulatory oversight on the services of China’s largest ride-hailing company Didi Chuxing could result in longer customer waiting times and reduced driver numbers after a driver of the company was accused of raping and murdering a woman passenger recently. The company had to suspend the...

Aston Martin Complete Turnaround Circle By Planning An IPO

Luxury carmaker Aston Martin apparently completes a circle of turnaround as it now plans to go public at the London Stock Exchange. The company which once was distinguished as a loss-making car maker is not valued at up to 5 billion pounds ($6.4 billion).   The company which is 105 years old...

More Governance Reforms Needed By Volkswagen, Says Compliance Auditor

Larry Thompson, an independent compliance auditor (ICA) of Volkswagen, told press on Monday\ that the German company needs to take additional efforts to improve its corporate culture in relation to the "dieselgate" scandal.   There is still along way to go for the German car maker in...

$500 Million Invested By Toyota In Uber’s Self Driving Program

Toyota is going to assist Uber in the development of and accelerate the deployment of self-driving vehicles through an investment of $500 million in the ride hailing company, the Japanese auto maker announced on Monday.   According to the working plan drawn up by the companies, Toyota Sienna...

Warren Buffett’s Firm To Invest $300m In Indian Payments Company Paytm

According to media report citing sources with knowledge of the matter, at least $300 million is to be invested in the parent company of India’s largest mobile payments group, Paytm, by Warren Buffett’s Berkshire Hathaway.   This investment planned to be made in One97 Communications would be...
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