Companies | Ideals

Bill To Outlaw Trade In Dog Meat Passed By The Parliament Of South Korea

South Korea's parliament passed a bill on Tuesday to ban the consumption and sale of dog meat, outlawing the contentious centuries-old practice amid increased support for animal welfare. ...

The Two Priciest Cities In The World Are Singapore And Zurich

The Economist Intelligence Unit (EIU) has announced that Singapore and Zurich were tied for the most expensive cities in the world this year, followed by Geneva, New York, and Hong Kong....

Pocket wallets vs. smartphones: Can we replace cash with digital currencies?

The more than a decade-long history of cryptocurrency has clearly demonstrated that the world is keen on the new form of money. The crypto frenzy has even prompted leading central banks to work on...

Buffett’s Successor Poised to Lead Berkshire into Next Chapter, Investors Eye Transition Closely

Tech Giants Clash Over ‘Preferential Treatment’ as Samsung Cites Reliance Precedent in $520M Tax Battle in India

Companies

Case Against BMW To Be Filed By South Korea Over 'Delayed' Response To Engine Fires

An official complaint against the German luxury car maker BMW is to be filed by the transport ministry of South Korea with prosecutors because the company had allegedly intentionally delaying recall of cars as well as not reporting faults in the cars which resulted in several engine fires such cars...

Malaysia Asks Goldman Sachs To Pay $7.5 Billion In Reparations For 1MDB: FT

According to a report published in the Financial Times on Friday, $7.5 billion is being sought by the Malaysian government form Goldman Sachs Group Inc in relation to repatriation of the money that had been siphoned off from the country via the scandal-linked state fund 1MDB. The report quoted a...

75% Of Its Connected Car Unit To Be Sold To VW By Volvo

The Swedish truckmaker Volvo would sell off to the German auto maker Volkswagen (VW) 75.1 percent of its WirelessCar division which is a digital service developer that specialises in connected driving. The Swedish truckmaker announced on Wednesday that the deal would be made for 1.1 billion Swedish...

GSK To Divide In Two Following Its JV With Pfizer’s Consumer Unit

Following the completion of the formation of a new venture with Pfizer’s consumer health division, GlaxoSmithKline has created plans to divide up its business into two parts – one part would focus on prescription drugs and vaccines, while the second part would focus on the business of...

Country Codes Of Users’ Phone Numbers Exposed By Twitter

A security flaw accidentally exposed by Twitter has allowed access to the phone number country codes of its users. This is a huge blunder and many are considering this as alarming. This is so because there are many users of the social media platform who want their location to remain a...

Despite New Software, Apple Violating Chinese Court’s Ban Order, Alleged Qualcomm

Despite a software upgrade for its iPhones in China that the US tech giant pushed for recently, the company is still in violation of a Chinese court order banning the sale of some of its iPhones in China, believes Qualcomm Inc. On December 10, Qualcomm had announced that a court order had...

Faltering Christmas Sales Forces Asos Issuing Profit Warning

A “significant deterioration” in trading in the run-up to Christmas has led the United Kingdom online retailer Asos to issue sales and profits warning for the rest of the year. The company “experienced a significant deterioration in the important trading month of November and conditions...

$45 Billion Wiped Off J&J Market Value Over Fears Of Asbestos In Baby Powder

After the publication of a report by news agency Reuters which claimed that Johnson & Johnson had been for decades aware of the often presence of asbestos in its baby powder, there was a drop of 11 per cent in the shares of the company. In September 2017, there was a report...

Google Launches Shopping Service In The Booming Indian Market

With the aim of gaining advantage of the booming digital economy of India, its own shopping aggregator service has been launched in India by Google. The US tech giant has introduced the a new "shopping" tab on its search engine, its image recognition app Google Lens, a mobile-friendly web...

Strong Foreign And Domestic Demand For SoftBank Telco IPO

According to media reports quoting a couple of sources from a lead IPO underwriter, the strong demand for Japan's third-largest telcom company of SoftBank has been demonstrated because the demand from domestic Japanese investors for shares in its initial public offering is nearly double of the...

SoftBank To Sell Extra Shares Taking Its IPO Value To A Record $23.5 Billion

SpftBank is set to raise Japan's biggest-ever IPO at 2.65 trillion yen (US$23.5 billion) which would make the company a monolithic global tech investor from being considered to be a domestic telecom company of Japan. 1500 yen is the price of a stock that has been fixed by the telcom unit...

Chinese Court Bans Sale Of Some iPhone Models On Qualcomm’s Complaint

A court in China found that many of the older Apple Inc iPhone models that are being sold in the Chinese market violated two patents of chipmaker Qualcomm Inc and as such the court imposed a ban on the sale of such iPhone models even though Apple Inc has said that it continues to sell all of its...