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30-Month Prison Term In Bribery Case Slapped On Samsung's Lee

30-Month Prison Term In Bribery Case Slapped On Samsung's Lee

The ownership restructuring plans of the South Korean electronics giant Samsung Electronics could get delayed because of a court sentenced passed against the vice chairman of the company Jay Y. Lee for a jail term of two and a half years on Monday. The patriarch of the company and Lee’s father had...
The First Foreign Company In China To Fully Own A Payments Business Is PayPal

The First Foreign Company In China To Fully Own A Payments Business Is PayPal

The first foreign company in China to own a 100 per cent control of a payment platform in the country is Holding Inc, according to data available from the Chinese government.   This is a boost to the aim of the United States based fintech giant to make larger inroads into the booming Chinese...
Shoppers 'Treat Themselves' During Pandemic-Ridden Christmas Helping Tesco To Report Record Sales

Shoppers 'Treat Themselves' During Pandemic-Ridden Christmas Helping Tesco To Report Record Sales

With people in lockdown in the United Kingdom because of the second wave of Covid-19 pandemic ordering more deluxe range products online, "record" sales over Christmas was reported by the largest retailer of the UK – Tesco.    In the six weeks to 9 January, there was an 8.1 per cent...
Strong Pandemic Sale Prompted UK’s Hut Group To Upgrade Profit Forecast For 2021

Strong Pandemic Sale Prompted UK’s Hut Group To Upgrade Profit Forecast For 2021

Profit forecasts by the online retail company that was recently went public, The Hut Group, which is owned and run by the Matthew Moulding, have been raised after the company experienced strong demand and sales for its beauty and sports nutrition brands during the novel coronavirus pandemic era....
Samsung To Offer Customized Fridges To Attract Millennials

Samsung To Offer Customized Fridges To Attract Millennials

More bespoke electronics is planned to be created by Samsung to increase appeal of its products for youngsters.    During the third quarter, an increase in sales for its fridges and cleaners during the pandemic was witnessed by the South Korean electronics giant while it also recorded a...
Korea IT News Claims Apple, Hyundai To Ink Partnership For Electric Car

Korea IT News Claims Apple, Hyundai To Ink Partnership For Electric Car

According to a report published in a South Korean local newspaper Korea IT News on Sunday, a partnership deal is to be signed between Korean auto maker Hyundai Motor and Apple Inc for autonomous vehicles by March this year and the two companies plans to begin production by about 2024. .  ...
Search For Design Head To Cater To Chinese Market Being Done By Tesla: Reuters

Search For Design Head To Cater To Chinese Market Being Done By Tesla: Reuters

In its efforts to start a “full-function” studio in Shanghai or Beijing and thereby design electric cars that are specifically suited to fulfil Chinese consumer tastes, United States based electric car maker Tesla is searching for a design director in China, claimed a report published by the news...
Despite Policy Violations, A Host Of Lending Apps Thriving On Google Play In India

Despite Policy Violations, A Host Of Lending Apps Thriving On Google Play In India

Google Play Store’s rules on loan repayment lengths aimed at protecting vulnerable borrowers have been violated by at least 10 Indian lending apps on the Store. These apps have been downloaded millions of times, claimed a Reuters report based on analysis of such services and more than a dozen...
US Index Providers Drop Chinese Telecom Firms Who Lose $5.6 Billion In Combined Value

US Index Providers Drop Chinese Telecom Firms Who Lose $5.6 Billion In Combined Value

A total of $5.6 billion was shaved off the value of their Hong Kong-traded shares for three Chinese telecom companies at the end of last week after the stocks of three companies were announced to be dropped off from their benchmarks by the index providers MSCI Inc, FTSE Russell and S&P Dow...
Hyundai Holding Early But Unspecified Talks With Apple, Local Media Claims The Two Discussing Electric Vehicles

Hyundai Holding Early But Unspecified Talks With Apple, Local Media Claims The Two Discussing Electric Vehicles

Following a telecast by a local broadcaster of South Korea that discussions were being held for a tie up about an electric car and car battery between the South Korean auto giant Hyundai Motor Co and the United States based iPhone maker Apple Inc, the auto giant confirmed that it was in early but...
LVMH Engaged In Tiffany Makeover After Conclusion Of $16 Billion Acquisition

LVMH Engaged In Tiffany Makeover After Conclusion Of $16 Billion Acquisition

Bernard Arnault, the son of the founder of LVMH has been installed in a new leadership position at Tiffany on Thursday following the conclusion of the $15.8 billion acquisition of the United States jeweller by the French luxury goods group.   Two executives from its Louis Vuitton handbag...
Market Value Of Game Maker Roblox Increased Seven Folds During Pandemic

Market Value Of Game Maker Roblox Increased Seven Folds During Pandemic

The value of the company that has developed and runs the children's online gaming platform Roblox has skyrocketed during the novel coronavirus pandemic season.   With the company raising $520m in private capital in a funding round earlier this week, the market value of the company reached a...
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World

Decision On Brexit Deal To Be Taken In New Year, Says EU Parliament

Decision On Brexit Deal To Be Taken In New Year, Says EU Parliament
It will not be until the new year that the European Union will be able to review and analyse the agreement on trade for Brexit in detail that was struck between the United Kingdom and the European...

Japan PM Pledges Carbon Neutrality By 2050

Japan PM Pledges Carbon Neutrality By 2050
Japan, the third largest economy of the world, will become carbon neutral by 2050, said the country’s prime minister, Yoshihide Suga. This is the latest efforts of the Japanese government at tackling...

UK Set To Cancel Extradition Treaty With Hong Kong, Says British Newspapers

UK Set To Cancel Extradition Treaty With Hong Kong, Says British Newspapers
Taking its dispute and tensions with China a step further, the UK government decided to suspend an extradition treaty that its it had with Hong Kong because of the imposition of the new controversial...

Virus Pandemic Forces Japanese Government To Declare Emergency For Tokyo, Osaka

Virus Pandemic Forces Japanese Government To Declare Emergency For Tokyo, Osaka
Japanese Prime Minister Shinzo Abe declared a declared a state of emergency in Tokyo and its surrounding regions over the growing threat of the coronavirus pandemic and warned that capacity...

Study Warns Of Second Waves Of Covid-19 Due To Early Lifting Of Lockdowns

Study Warns Of Second Waves Of Covid-19 Due To Early Lifting Of Lockdowns
According to researchers, a second wave of infection of the coronavirus could be delayed in China by extending the closures of school and work at the ground zero of the pandemic. Researchers also...

People

More Than 1,200 Ventilators Donated To California By Tesla CEO Elon Musk

More Than 1,200 Ventilators Donated To California By Tesla CEO Elon Musk
Even though he had initially been skeptical of the coronavirus pandemic, Tesla chief executive office Elon Musk has since helped the authorities in California to acquire much needed medical supplies...

Teenage Climate Activist Greta Thunberg Wants Ot Trademark Her Name

Teenage Climate Activist Greta Thunberg Wants Ot Trademark Her Name
Teenage Swedish climate activist Greta Thunberg is looking to trademark her own name as well as that of her movement as she says that the names are being misused by ‘impostors’ and marketers. This...

Jeff Bezos' Phone Hacking Allegedly By Saudi Hackers Needs To Be Investigated, Says The UN

Jeff Bezos' Phone Hacking Allegedly By Saudi Hackers Needs To Be Investigated, Says The UN
Reports of the alleged use of a WhatsApp account belonging to Saudi Crown Prince Mohammed bin Salman for delivering a malware to the mobile phone of Amazon CEO Jeff Bezos has made experts at the...

Facebook's Zuckerberg Will Focus On Long Term Goals Instead Of Annual Ones

Facebook's Zuckerberg Will Focus On Long Term Goals Instead Of Annual Ones
No more annual targets for Facebook Inc Chief Executive Officer Mark Zuckerberg. The co-founder of the largest social media company of the world said on Thursday that he would no longer focus on the...

Japanese Prosecutors Want To Arrest Ghosn’s Wife To Rein In The Former Nissan Boss

Japanese Prosecutors Want To Arrest Ghosn’s Wife To Rein In The Former Nissan Boss
An arrest warrant on charges of alleged perjury was issued against the wife of Carlos Ghosn by Japanese prosecutors on Tuesday in an effort of the prosecutors to bring back Ghosn into Japan and make...

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