Following an investigation the Cambridge Analytica data breach related to Facebook which lasted for a year, concluded that the social media company had ‘deceived’ its users about their ability to keep personal information private and hence imposed a penalty of $5bn on Facebook. A lawsuit against Cambridge Analytica was also announced by the United States…
The largest sportswear making company Nike Inc is reportedly looking at options for its surfwear brand Hurley International which also includes a possible sale of the business unit, claimed a report published by Reuters news agency quoting sources with knowledge of the issue. The possible exit of Nike from the global surfwear market is reflective…
There has been growing criticism of the increasing reach and power of major tech companies in the United States and elsewhere which has prompted the US justice department to initiate a broad antitrust review of such firms. The major focus of the antitrust probe would be based on increasing complaints that competition is being illegally…
A set of new smart diapers for children that would be able to track a child’s urine as well as sleep will be made by Pampers, the company announced earlier this week. A smart diaper developed on the same principle that sends out a text alter to parent to tell them that their child has…
The uncertainty over Brexit is forcing the relocation of the European Medicines Agency from London to Amsterdam and as a part of this relocation process, a US firm is reportedly being paid a sum of €62m in “financial inducements” to help in this. According to reports based on European Union documents, the former headquarters of…
After running into a tiff with the Indian government on a second occasion within a short span of time, ByteDance, one of the largest social media companies of China and the owner of hugely popular video sharing app TikTok, is trying to scramble out a solution to protect its business in its largest market –…
There is no word yet about when the grounded 737 Max jet planes of Boeing would again be allowed to fly in the air by regulators. The planes got grounded all across the world after two fatal crashes involving the planes happened within five months to each other – the first in Indonesia in October…
The world’s largest brewer Anheuser-Busch InBev would be selling out its Australian business to Japanese firm Asahi. Following the company confirming this agreement, there was a spike in its shares. The company also added that it was still contemplating taking public its Asian business operations. There was a 4 per cent spike in the shares…
The latest auto maker to issue profit warnings for the current year was Volvo as the Swedish auto company announced its plans of cost cutting of its fixed expenses by as much as 2 billion Swedish crowns or $214 million. The company said that its profitability was being dented by pricing pressure and the tariffs…
The World Health Organization has declared the most recent and fatal Ebola virus outbreak in the Democratic Republic of the Congo as a global emergency. It was just days ago that researchers were able to confirm a case of an individual being affected by the virus in the Congo city of Goma that is close…
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