One of the largest drug manufacturers of the world, Johnson & Johnson, has been dragged into a trial for a multi-billion dollar lawsuit initiated by the state of Oklahoma in the United States. The company has been accused by prosecutors of being deceptive in their marketing of painkillers as well as in downplaying the risks…
A report based on a survey done by data company Refinitiv found that there has been an increase in the white-collar crimes such as fraud and money laundering because of an economic slowdown globally. Refinitiv said that over the last 12 months to the end of March 2019, about 75 per cent of the respondent…
Pegatron is partnering with Indonesia’s PT Sat Nusapersada to produce chips for Apple smartphones. According to a statement by Indonesia’s deputy industry minister, Warsito Ignatius, Pegatron, a Taiwanese electronics company has signed a letter of intent stating it aims to invest $695 million to $1 billion (10 trillion to 15 trillion rupiah) in an Indonesian…
According to a Bloomberg report, the Model 3 could be priced in the range of $43,431-$50,670. According to a report from Bloomberg which cites sources familiar with the matter at hand, Tesla Inc is looking at pricing its China-manufactured Model 3 sedan in the range of $43,431-$50,670 (300,000-350,000 yuan) before subsidies. The final price is…
The secondary listing is of strategic importance to Alibaba since it would provide it with fresh funds which it needs to beat its U.S. rivals; technology is a sector where China lacks behind the U.S.; fresh capital infusion is required in the newer sectors it has expanded into such as cloud computing. According to sources…
HP Sure Sense uses AI and deep learning to predict and prevent security threats. On Tuesday, in a statement HP Inc stated it is collaborating with Israeli cybersecurity firm Deep Instinct to launch HP Sure Sense. The collaboration is aimed at preventing advanced cyber attacks. Financial details of the deal have not been released. According…
The first robot that can be used for plucking raspberry is being set to work in the United Kingdom. After ascertaining the age of the fruit, the gripping arms of the robot plucks the fruit and then deposits it gently into a waiting punnet. This entire process of plucking takes about a minute for a…
Furniture retailing giant Ikea is bring in a radical change to the shopping experience of customers through anew app that would allow its customers to avoid going to Ikea stores and yet be able to visualize the products in reference to their own homes. This would eliminate the need for customers to take the trouble…
Finistere Ventures is intent on investing in technologies in the food sector. On Monday, Finistere Ventures, a food technologies-focused firm has partnered with three Israeli firms to invest up to $100 million in agrifood startups in Israel. Finistere will be joined by Tnuva, Israel’s largest food company that is controlled by China’s Bright Food, beverage…
According to a report from Barclay’s, over the next ten years, the companies emerging in the industry of plant-based or lab-made meat would be able to capture a 10 per cent share of the $1.4 trillion meat market and it total market value would reach an astounding $140 billion. This fast growing food sector appears…
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