Plastic packaging for all of the own brands of retailer Iceland would be eliminated in what is the first of its kind commitment by a major retailer. With the aim to help end the “scourge” of plastic pollution, it would be just five years that the retailer would go completely plastic free. This supermarket chain…
Time is running out for Saudi Arabia’s richest man. It was more than two months that the Saudi government arrested Prince Alwaleed bin Talal as part of its campaign to reduce corruption. According to London based Arabic news site Al-Arabv Al-Jadeed, Alwaleed was more to a prison – removing him from his restricted quarters at the…
As social media giant Facebook attempts to address to the growing concerns of the role of news feed on lives of people and the society, it is planning to significantly alter the formula which helps to identify what appears at the top of news feeds. “Recently we’ve gotten feedback from our community that public content…
The prototype of an unmanned electric vertical-takeoff-and-landing cargo drone was unveiled in Wednesday by Boeing, world’s largest aircraft manufacturer. The cargo air vehicle (CAV) is aimed at the future market for cargo and logistics and the craft has a carrying capacity of up to 500 pounds (about 450 kg), Boeing said in a statement. Boeing…
The tax cuts by the Trump administration will benefit the workers of Walmart. The U.S. based retailing giant, often criticized for its policies toward its employees, is planning to provide a one-off cash bonus to its employees in addition to starting to pay at least $11 an hour to the one million US workers of…
There had been a record week of trading for the U.K. grocer Sainsbury’s this Christmas week and there had been “excellent” operations throughout the entire group, the company said. “We think it’s a good performance in what of course continues to be a challenging market,” Mike Coupe, chief executive officer of Sainsbury’s, said during a…
Privately-held Immunity Inc would be acquired by Cyxtera Technologies, the secure infrastructure company. Announced of the signing of an agreement to this effect was made by the company on Wednesday. Offense-oriented systems vulnerability research¸ exploit development and penetration testing services is the main focus of Miami-based Immunity. The company was founded in 2002. The real-world…
Despite its chief being behind bars, Samsung Electronics has shown no signs of being impacted business wise. On Tuesday, the South Korean tech giant announced that a record operating profit amounting to about 15.1 trillion Korean won (about $14.13 billion) was being expected by the company for the quarter ended December. While this figure was…
According to the PitchBook-NVCA Venture Monitor, 2017 was the year when the highest yearly amount of capital invested in the entrepreneurial ecosystem was made since the early 2000’s in the United States. The report from the agency says that there were 8,076 deals involving 8,035 companies with a total amount of investment of $84 billion by…
There are many ways that the global healthcare industry is being transformed. It is not only the rich and super-rich who have access to and adopting concierge medicine, but it is also not accessible by the not so rich who are seeking to attain a greater quality of care compared to what is typically available…
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