According to the European luxury brand Tiffany, the holiday season was not been as good as it had expected. The sales for the season were just a bit lower than expected partly because of the tightening of their purse strings by its Chinese consumers at the time of their vacationing, the company announced on Friday.…
The diesel emission cheating scandal is apparently not over for German car maker Volkswagen in the US as four engineering managers at German carmaker Audi, a subsidiary of VW, were indicted by a federal grand jury in Michigan in connection with the scandal. Violation the federal Clean Air Act, as well as wire fraud and…
As the global smartphone industry passes through its worst slowdown every in a decade, tens of thousands of seasonal jobs are being cut by Apple’s iPhone suppliers much earlier than they were scheduled. According to Nikkei citing an industry source familiar with the situation, iPhone assembler Foxconn has dropped off about 50,000 workers employed by…
Concerned about videos of dangerous pranks putting at danger the lives of people, the posting of such videos that pose challenges to others of duplicating such pranks have been banned on YouTube. It will not allow any of its users to upload prank or challenge videos “that can cause death and/or have caused death in…
A full blown crisis for the UK energy’s strategy was triggered after the project to build a nuclear power station in Wales was exited by Hitachi. This Japanese company was the second company to quit major nuclear projects in two months. After Hinkley Point C, the next in a line of new nuclear plants in…
A new report from Wealth-X, a firm that tracks global wealth, concluded that there was a 2 per cent growth in the number of wealthy individuals as well as in their collective wealth globally. In 2018, the number of high-net-worth individuals globally was 23 million and they had a combined wealth of $62 trillion. The…
According to a report published in the Handelsblatt newspaper, with the aim of keeping Chinese telecommunication equipment manufacturer, the largest in the world, away from participating in the bidding process for the construction of the state of the art 5G network in Germany, the government there is trying to find out stricter security requirements and…
A new artificial intelligence centre at its Tubarao site in Vitoria, Brazil has been opened by South American miner company Vale which is the amongst the largest mining companies in the world. The aim of setting up the center for the company was to “leverage the adoption of innovative and disruptive technologies in all areas…
A report prepared for next week’s World Economic Forum in Davos, Switzerland, identified as the most urgent global t\risk to be the ever increasing tension between the world’s major powers which is creating roadblocks to get together collective action to take concrete measures against climate change. According to a survey of around 1,000 experts and…
Even as there is increasing political pressure on the Chinese technology giant Hiawei, its CEO and founder repeatedly emphasized on Tuesday that the company would not conceded to demands from Chinese government and agencies if they wanted to access customer data and the company would never allow that. The concerns of the US government about…
