Electric vehicle charging companies are claiming that Volkswagen should not have the power to shape the nascent electric car charging space and is vehemently calling for independent oversight of the $2 billion Volkswagen AG is required to invest in clean car infrastructure. As part of its penalties for equipping hundreds of thousands of its diesel…
India’s crude oil imports could be reduced to a significant degree by the the country’s love for fried food. Ramakrishna Y.B., the head of an Indian government panel that’s looking at the potential for development of usable fuels derived from plants, claims that the nation of 1.3 billion people can make at least 2 million…
In connection to the alleged fraudulent and anticompetitive conduct in relation to the Libor rigging scandal, a $100m (£77m) settlement with more than 40 US states has been reached by Barclays. Four years ago, the bank had been imposed with a fine of £290 m by regulators from U.K. Other agencies have also imposed fines on Barclays…
As Wal-Mart races to build up its underperforming web business to compete with market leader Amazon.com Inc, the U.S. retail giant announced that it would buy online retailer Jet.com for about $3 billion, the largest-ever deal for an e-commerce startup. As the world’s largest retailer tries to also be a dominant player online, the Jet…
The commercial airline business of Airbus, the defense and aviation firm, is now at the centre of a criminal investigation by the UK’s Serious Fraud Office. The allegations against the aircraft manufacturing company include fraud, bribery and corruption in the commercial airline business that was confirmed by the Serious Fraud Office. Launched in July but revealed…
Sponsorships by companies that want to attract character-hunting players to their businesses is being explored in greater detail by the creator of mobile gaming phenomenon Pokemon Go. This was said by the chief executive of developer Niantic Labs recently. Deals that are similar to that which turned nearly 3,000 McDonald’s restaurants in Japan into stops…
The Philadelphia Mint was successfully persuaded that the U.S. needed a four-dollar coin by the then America’s minister plenipotentiary to Austria, John Adam Kasson in 1879. The argument that America needed a coin that would work as a form of international currency was most probably the reason for this even as the exact logic of the…
Google Chief Executive Officer Sundar Pichai is having better luck than his Facebook Inc. counterpart, Mark Zuckerberg when it comes to connecting India’s population to the internet. Pichai said in a recent earnings call that Google now has 2 million people using its Wi-Fi service each month after the company began offering free Wi-Fi at about…
The terms of a Brexit deal that U.K. manages to strike with the European Union on customs, trade and free movement of goods would decide the future investment decisions about Britain’s biggest car plant, said the chief executive of Japanese carmaker Nissan. Nissan’s Sunderland plant in the north of England has been lauded as one…
Taiwan has caught the fancy of global investors. Making Taiwan the most popular destination for investors among nine Asian markets tracked by Bloomberg and taking inflows for the year to $11.6 billion, overseas funds poured $5.4 billion into the island’s equities last month. As a result the benchmark stock gauge and the currency reached one-year…
