Collection of users’ data by Facebook in Belgium has been banned by a local court there. The company has also been warned of daily fines of €250,000 a day, totaling up to €100 million if it does not follow the court order.   The issue had turned out into a protracted battle between the...

A bankruptcy plan was approved by a U.S. Bankruptcy Court in relation to the deaths due to explosion of the air safety bags in cars of Takata with the provision for creation of a trust for claims against personal injury and a channeling agreement that would allow for any future claims.   The...

Britain’s Indivior was forced to earmark money for the legal disputes it faces even as the company hopes to make significant financial gains with its soon to be launched once-monthly injection to counter the U.S. opioid crisis.   The shares of the company dropped by 7 per cent after the...

While attempting to develop its own logistics network and engage in global expansion, about US$2.5 billion was raised in a latest funding round by Chinese online retailer JD.com. the money has been raised for JD Logistics, the logistics arm of the second largest online retailer of China, the...

The Israeli company Eviation Aircraft Ltd which is a start-up for electric airplanes intends to be flying passengers on board its 9-seat commuter aircraft by the year 2021. This was announced by the company’s chief executive on Thursday after the company signed a deal for for the batteries that it...

Airbnb Inc’s efforts to register growth and business beyond its staple business of renting rooms and homes appears to be bearing fruits. The company announced on Tuesday that it was likely to make profits next year from its tours and activities business which is about a year-old. The company...

If division within societies are created by digital platforms like Facebook and Google or if they are unable to protect children, then Unilever would stop putting advertisements on such digital platforms. The company which is the largest ad spender in the world is all ready to issue this treat...

As a part of its strategy to generate a profit for its online business, Walmart Inc has directing its suppliers to supply products that are priced at $10 and more, according to sources as reported in the media.    The sources reportedly said that the focus of the largest retailer of the...

Payment of a substantial but undisclosed civil penalty and a recall of over 104,000 vehicles would be the conditions that Fiat Chrysler Automobiles would have to adhere to if the company wants to settle its emissions-cheating lawsuit. This was offered by the U.S. Justice Department.   ...

Two drivers - changes to U.S. tax law that added to its bottom line and the Prime fast-shipping club that added millions of customers during the holiday season, saw the profits of Amazon.com reach the highest in its history as the firm reported a profit of about $2 billion.   There was a...

According to the German media, since Deutsche Bank initiated its ambitious project of corporate restructuring under its Chief Executive Officer John Cryan, the lender would be reporting its third consecutive annual loss for the last fiscal year of 2017.   In January, the bank had announced...