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...

Coinbase’s S&P 500 Triumph Signals New Era for Crypto Adoption

Global High-End Brands Embrace Conceptual Stores to Revive Sales in China

Chinese Carmakers Drive into Africa to Capture Next Growth Frontier

Tesla’s Robotaxi Rollout Stumbles Amid Safety and Technical Hurdles

Xiaomi’s YU7 Electric SUV Ups the Ante in the Race with Tesla

China’s Tight Grip on Rare Earth Exports Exposes Global Supply Vulnerabilities

Chinese Fashion Giant Shein Opts for Confidential Hong Kong IPO Filing to Safeguard Competitive Edge

Companies

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...

Huawei CFO Accused Of Cover Up Of Iran Sanctions Violation By The US

According to a Canadian prosecutor quoted in news reports, the arrested chief financial officer of Huawei Technologies Co Ltd was behind creating a cover up of the links of the Chinese tech giant with a company that had attempted to sell its equipment top Iran amidst the US embargo. This was said...

Uber Files Confidentiality Papers For IPO: Reports

According to media reports, the much awaited initial public offering (IPO) of Uber Technologies Inc is set to launch anytime soon as the company has reportedly filed paperwork for the purpose. This IPO has gain investors’ attention because of the controversial and fast growing nature of Uber. ...