Renault move is aimed at tapping China’s growing electric vehicles market. In a deal which sees French carmaker Renault taking a 50% stake, the carmaker has formed a joint venture partnership with China’s Jiangling Motors Corporation Group (JMCG) to target the Chinese electric vehicles (EV) market. In a statement Renault said, it would increase its…
Korean workers who were once forced to work for the Japanese company Mitsubishi during the colonial-era now want a court to pass a verdict which would allow compensation of their ordeals for forced labor back then from the sale of assets of their former Japanese employer. It has been years that the issue has been…
The rising trend of a large section of health conscious consumers who want to stay away from sugar is forcing many companies to adapt. The global soft drinks industry is one such example which is striving to offer new products that have much less sugar compared to earlier products. And now this trend is being…
After France decided to impose a tax on tech giants for revenues made in the country – which would impact American tech companies such as Google and Facebook, and Britain introducing a very similar bill in its parliament, a formal investigation into some activities of the American e-commerce giant Amazon has been now launched by…
The plan of United States tech giant Google to launch a search engine limited by censorship in China has been cancelled by the company, said an official of the company. The project faced criticism from various corners including in the US and had collected some controversy. While there were reports that had suggested that the…
This interesting turn of events is likely to set a legal precedent especially in critical areas of core IT infrastructure such as 5G. In a significant development, the U.S. Justice Department has asked a federal appeals court to pause the enforcement of a sweeping antitrust ruling against Qualcomm Inc citing support from the Department of…
Visa’s investment was during Go-Jek’s ongoing F Series funding round. On Wednesday, Visa Inc stated, it has invested an undisclosed amount in Indonesia’s Go-Jek in the ride-hailing company’s ongoing Series F fundraising round. In a statement the U.S. payment processor said, both companies will collaborate to provide more options for cashless payments for consumers across…
Johnson & Johnson has been facing a tough time after allegations that its talc-based baby powder was cause of ovarian cancer and mesothelioma leading to multiple court cases. The company has also been facing charges that it was behind the opiod crisis in the United States. The company however has pledged to create a solid…
The Swedish furniture company Ikea is on a cost cutting spree and would be shutting down its only factory in the United States in December this year. The factory is situated in Danville, Virginia and all production work in the factory would be shifted to Europe. The company says that the logic behind the decision…
Servers of Bulgaria’s National Revenue Agency (NRA) have been targeted. The Bulgarians realized it only after a purported hackers, claiming to be Russian, sent an e-mail to the local media, with the aim of selling the stolen data. On Tuesday, in a significant development, the Bulgarian government stated, hackers have managed to steal the personal…
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