Environmental groups are against the launch of the one of the largest ever Initial Public Offering (IPO) from Saudi Aramco because they believe it would be very detrimental for the environment and is urging big banks to stay away from it even though the Wall Street and investors are closely watching and eagerly awaiting the…
Accusation of stealing of the secret recipes for its beers, including Michelob Ultra and Bud Light, have been leveled against MillerCoors by the Bud Light brewer Anheuser-Busch InBev in what is being considered to be the latest escalation of the legal battle between the two rivals. A law suit against Anheuser-Busch was first filed in…
Investigators probing the activities and the people behind one of the world’s “largest dark web child porn marketplaces” have made more than 300 arrests since the market place was taken down. There were more than 200,000 videos on the site which had been downloaded more than a million times collectively. The existence of the website…
The new Pixel 4 smartphone form Google will not be sold by the company in India the second-largest smartphone market in the world. The smartphone, which was launched in the US ealirer this week, will be available for sale starting October 24. “We decided not to make Pixel 4 available in India,” a Google spokesperson…
Huawei, the Chinese tech giant and the largest manufacturer of telecommunications equipment in the world, is promising to make Europe the world leader in next generation mobile networks even as the company attempts to allay fears about the company being a threat to national security and the risk to the cyber security for the region.…
The proposals for a $5 billion financing deal for the office sharing company WeWork form its largest shareholder Japan’s SoftBank Group Corp and its main lender JPMorgan Chase & Co is being considered very seriously by the parent company of WeWork, The We Company, which has set up a special board committee to dive into…
Italy plans on levying a 3% tax on all internet transactions from 2020. In a significant development of widespread ramifications, the Italian government has approved a new tax on digital companies, including U.S. tech giants, as part of its 2020 draft budget. The move could potentially draw threats of retaliation from the United States. The…
In a strategic move Henan Yuguang Gold and Lead is studying plans on setting up a lead-acid battery production line as part of a downstream expansion. Company officials from Henan Yuguang Gold and Lead, China’s largest lead producer stated, the company plans on setting up a lead-acid battery production line as part of a downstream…
Czech manufacturer Tatra is exiting a rough patch, during which neither it nor observers were sure where the future was. In recent years, Tatra has signed several high-potential agreements, with either large clients or high-potential partners. With an incursion into the world of off-road mobility, the Czech manufacturer now covers all segments of the market.…
This is SoftBank’s second investment in Mexico after it invested $20 million in Clip, a payments firm. In a development that sees an expansion in SoftBank’s growing portfolio in Latin America, the Japanese conglomerate said, it will be investing in Kavak, a Mexican used car platform. “We are proud to join with and invest in…
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