A call for the fast resolutions of the ongoing trade spats and tensions between countries and supporting of the process of bringing in reforms to the World Trade Organization was given by the International Monetary and Financial Committee (IMFC), the policy-setting body of the International Monetary Fund (IMF). Growth outlook is “highly uncertain and subject…
It is not right for Facebook to censor politicians or the news in a democratic set up, believes the social media giant’s founder Mark Zuckerberg. He said this while delivering a speech in Washington DC and assumed importance because the social media company had been facing criticism for not putting a ban on political advertisements…
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…
The Indian government plans to create one of the largest facial recognition systems in the world in an ambitious project that is aimed to help law enforcement agencies to function more effectively. The vision is to create a single central data base in the future that can be accessed by police of the 29 states…
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…
If necessary, the Japanese government could make available fiscal and monetary stimulus for the economy even though it does not feel there is any need for such an action immediately. A boost to the world’s third-largest economy can be given at any time by the Japanese government because currently the economy is facing issues because…
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…
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…
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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