Shares of retailer target reached record highs after the company reported better than expected second quarter performance in all aspects. The company reported a 17 per cent increase in the quarterly profit as it was able to attract more customers and thereby generate more revenues because of its in-store pickup and same-day shipping services. The…
Walmart has alleged that solar panels supplied by the United States based electric carmaker Tesla were faulty and was cause for a number of fires at about seven stores of the company. Following this, Walmart has filed a case against the electric car maker. In the lawsuit filed by it in a New York court,…
ICO Rating has neither admitted nor denied the SEC’s charge that it had included paid-for ICO reviews between December 2017 and July 2018. In a significant development, the U.S. Securities and Exchange Commission (SEC) stated, it has levied “a fine and has settled charges against a Russia-based ratings firm for failure to disclose payments it…
TriEye’s cameras, which uses short-wave-infra-red sensing technology, can see at night as well as in adverse weather conditions. Israeli startup TriEye, which has developed short-wave-infra-red sensing technology which enables cars to see in night time as well as in adverse weather conditions, has attracted $19 million in its latest funding round, which also saw the…
A new digital tax passed recently by the French government is being passed on to the French sellers by Amazon. The company largest e-commerce platform in the world is set to increase seller fees by 3 per cent for the thousands of small and medium-sized businesses in the country that make use of the platform.…
The wave of consolidation in the in the pub and brewing sector is continuing and the latest deal in this sector if the purchasing of pub giant and brewer Greene King by Hong Kong operator CKA. About 2,700 pubs, restaurants and hotels in total across the UK is owned and operated by Suffolk-based Greene King.…
Insomniac Games Inc is known for developing the Spider-Man game of which 13.2 million copies have been sold as of the end of July 2019. Sony Interactive Entertainment disclosed it would acquire privately held Insomniac Games Inc, known for developing games such as third-person shooter “Ratchet & Clank” and Marvel’s “Spider-Man” for an undisclosed amount.…
While the Chinese government wants to promote its views on western social media platforms, it has blocked its citizens from accessing Twitter and Facebook in the mainland. On Tuesday, following Facebook and Twitter dismantling China’s state-backed campaign to malign and undermine concerns raised by the citizens of Hong Kong, China said it had a right…
RedDoorz is faces strong competition from Softbank-backed OYO. RedDoorz, a Singaporean hotel booking and management platform, has raised $70 million in its ongoing funding round. This is its second funding round so far in 2019. Asia Partners, a Singaporean private-equity firm is leading the funding round, which also saw the participation of Mirae Asset-Naver Asia…
This is the first such development in Southeast Asia. Clean energy solutions have finally arrived. On Monday, in a first such development in Southeast Asia, Royal Dutch Shell stated, it has launched electric vehicle chargers at petrol stations in Singapore. The electric vehicle charging service, branded as ‘Shell Recharge’, will be available at ten Shell…
