A firm in Hong Kong allegedly used malware to lure people into clicking on celebrities’ photos and bogus advertising links and this formed the basis of a case that was filed against the company by the US based social media giant Facebook. The company alleged in the filing that the Hong Kong firm has used…
In its efforts for sustainable sourcing of cocoa, Nestlé is spending 45 million Swiss francs a year, the company said and noted that its efforts were providing results in the form of progress being made in the reducing child labour in its supply chain in West Africa. Nestle said that its aim was to source…
In a lawsuit in which the energy giant Exxon Mobil was accused that it had downplayed the risks and impact that climate change regulations could have on the business of the company, the court has ruled in favour of the energy giant. While ruling that no conclusive evidence was provided by the New York state…
According to a report from the UBS about the fast food industry in the United States, currently only about 20-30 plant-based Beyond Meat burgers per day is being sold by McDonald’s Corp in its testing for the vegan burger in restaurants in Canada. The report however also said that the number is touching about 100…
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…
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…
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…
The United States chip making giant Qualcomm was meted out a record $873 million fine in South Korea over issues related to unfair business practices with respect to patent licensing and modem chip sales which was again upheld on Wednesday by a court in the country. Qualcomm said that it would contest the latest court…
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…
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…
