A debate has been initiated in China about the possible use of blockchain, the underlying technology used for digital currencies like bitcoin, can be a solution safety issues of the country’s food and drugs. This after the revelation of a scandal in the Chinese pharmaceutical industry where a firm...

There is now a "very real risk of a Brexit no deal by accident", without a "change in approach from the EU negotiators", warned Jeremy Hunt, the UK foreign secretary.    There are many in the EU who believe that they just had to "wait long enough and Britain will blink" but "that's not...

It is virtually a two-horse race between Samsung and Xiaomi for the fast expanding Indian smartphone market.   According to a new report by research firm Canalys, about 60 per cent of the market is captured by South Korean smartphone maker and the largest smartphone maker in the...

The US tariffs were a threat for income for worker throughout the world, said German chancellor, Angela Merkel, which has intensified the war of words over Donald Trump’s proposed of imposition of import tariffs on a wide range of products from China and the European Union.   The threatened...

A taste of the feeling of sitting in driverless vehicles was available to the visitors to the Winter Olympic Games in Pyeongchang in February as South Korean auto manufacturer Hyundai released a fleet of such busses especially for the games.   For those who have not been that fortunate, a...

About 800 of the cryptocurrency projects that had cropped up throughout the world during the last one and half years are now effectively dead which have forced analysts and investors to begin comparing the current digital coin boom and the dotcom bubble which tormented the markets in the early...

Warnings of a likely shortage of meat in the UK market have bene sounded by the processing industry because supplies of carbon dioxide (CO2) might not begin regular services until another two to three weeks.   Because of longer than expected shutdowns of ammonia and ethanol plants in the UK...

Landlines at eth office desks at accountancy firm PwC is being removed and it is expected that by this summer, all of the employees in the company would be using only mobiles in the UK.   The switch to mobiles would be "more efficient", said the company that has about 18,000 staff working...

The demands of the United States to reduce oil imports from Iran to zero would unlikely be adhered to by one of the biggest purchasers of Iranian oil.   Referring to the threat that the United States has given of imposing sanctions on the countries that continue to purchase Iranian oil after...

About 860,000 jobs would be put at risk in the UK car industry as it feels that it has “no Brexit dividend” for itself and jobs would be lost if the government does not “rethink” its red lines in Brexit negotiations, the industry has warned.   “There is no Brexit dividend for our...

The times when insurance meant financial compensation are no more and this is a challenge that a top industry executive says he is finding it hard to cope up with.   This sentiment was expressed by AXA’s chief executive for international and new markets, Benoit Claveranne. It has been only...