$22 Million Fine Recommended Against Nissan Over Ghosn’s Pay Underreporting

A recommendation for imposing a fine of about 2.4 billion yen ($22 million) on Nissan was made by Japan’s markets watchdog against Nissan over the issue of the auto maker underreporting the compensation paid to its former Chairman Carlos Ghosn. Markets watchdog the Securities and Exchange Surveillance Commission (SESC) said that the four financial years…

71 New Species Of Plants And Animals Discovered By Scientists In 2019

Researchers at the California Academy of Sciences have claimed that they have found 71 new plant and animal species in 2019 which range from geckos to goblin spiders, flowering plants, and Mediterranean ants. Scientists made these discoveries in all of the five continents and three oceans. While adding to the already existing huge species list…

US Court Rules Nestle’s Claim Of Bottled Water Being ‘Essential Public Service’ Is Flawed

Nestle’s commercial water-bottling operation is “not an essential public service” or a public water supply, ruled second-highest court of Michigan, United States. Analysts see this as a blow for the company’s Ice Mountain water brand. On the other hand, for Osceola township, a small mid-Michigan town, this verdict is a victory. The town had prevented…

Sundar Pichai To Lead Alphabet After Google Co-Founders Step Down

In an effort to simplify the management structure at Google and its parent company Alphabet, the founders of Google, Larry Page and Sergey Brin, have decided to relinquish their positions as CEO and president of Alphabet. The reigns of the company would be handed over completely to the current Google CEO Sundar Pichai. “With Alphabet…

FBI Says ‘Counterintelligence Threat’ Could Be Posed By FaceApp

A “potential counterintelligence threat” is posed by FaceApp and other mobile applications that have been developed in Russia, said United State’s FBI. These comments were made by the US investigating agency in a letter to US Senator Chuck Schumer after an investigation into the app was demanded by him. Privacy concerns propped up after the…

Huawei’s Influence In UK Infrastructure Could Get Diluted As BT Looks For More Vendors

Amidst pressure from the United States for a boycott and with the European Union lawmakers passing a law earlier this week pledging to increase the number of suppliers of equipment for 5G networks, the Chinese telecom equipment making giant Huawei is set to face a challenge in the United Kingdom because the leading telecom service…