In the first ever claims ruling about the Roundup weedkiller of the chemical giant Monsanto causes cancer, the US firm has bene ordered to $289 million in damages to a terminally ill school groundskeeper. The ruling came in favor of Lee Johnson by a San Francisco state court where the jurors discussed the case for…
Backed by financial firms and wealthy individuals, venture capital funds have already partially replaced the role played by retail investors, thus cementing the role played by blockchain technology and cryptocurrencies in the coming future. On Friday, Singapore-based Golden Gate Ventures, a venture capital firm, stated it will launch a $10 million fund, called LuneX Ventures,…
This development essentially cements blockchain’s future in the coming years. Its adoption will slash costs, boost transparency and will revolutionize the finance industry from what we know it today. In what is likely to be a milestone for blockchain technology, Commonwealth Bank of Australia has won a mandate from the World Bank to organize a…
Despite incurring an impairment charge on its Reebok brand, better than expected second quarter results was reported by German sportswear company Adidas. The company said that it is confident of achieving its full year targets while reporting strong net profit on Thursday. There was a 20 per cent increase in the net profit for the…
There is a fierce price war going on in the United States retail market between the players. However, the German-owned discount supermarket Aldi Inc is taking on the market rivals in a significant push by the company to gain market share in the US market by roiling out dozens of new products, the company announced…
Already 94 companies and organizations have joined TradeLens – a platform that aims to manage and track the supply chain process of shipping goods, including freight forwarding and trade finance, from end to end. On Thursday, Maersk, a shipping group stated, ninety four companies and organizations have so far joined a blockchain platform it has…
Airbnb has been quick to withdraw the promotion for its users in China saying it respects and understood the Chinese government’s stance. Airbnb’s novel marketing scheme in China hit a regulatory wall following its promotions of offering sleepovers on the Great Wall of China. Last week, the U.S. short term rental service firm had asked…
The development sees Keith Rock, currently Salesforce.com’s COO, joining its board along with Parker Harris, a co-founder who is also its CTO. Salesforce.com Inc, a U.S. sales and marketing software company disclosed, its board has appointed Keith Block, who ic currently its Chief Operating Officer, as its joint-chief executive officer. Since joining Salesforce in 2013,…
Technological areas in which Samsung Group will invest include, AI, bio-pharma, 5G and electronic components for next gen automobiles. On Wednesday, Samsung Electronics, a unit of the South Korean conglomerate Samsung Group stated, over the next three years it plans on investing up to $22 billion (25 trillion won) in artificial intelligence, electronic components for…
A successful $1 billion seed-funding round for NewTV was raised by its holding company WndrCo, the company announced recently. The company is owned by Jeffrey Katzenberg and Meg Whitman who have been able to convince investors about their ambitions to develop a platform that would be the next generation of the likes of HBO or…
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