European Court of Justice to rule on privacy safeguards for EU citizen

Many large U.S. tech companies routinely transfer private EU citizen’s data without sufficient protection from U.S. mass surveillance. On Tuesday, in a case which has significant implication for many big companies, Ireland’s High Court stated it would ask EU’s top court to rule on the way in which internet companies, including Facebook, Apple and Google,…

Ford Motors overhauls its China strategy to better tap the world’s biggest car market

The U.S. automaker is planning on ramping up its electric vehicle lineup to tap increasing Chinese demand for electric vehicles. According to two high ranking sources with Ford Motors Co, the U.S. automaker is planing on overhauling its China strategy since its global “One Ford” idea is not having the required impact in China, the…

South Korea bans Initial Coin Offerings

The move mirrors similar announcements made by the U.S. and China where increased trading volumes of cryptocurrencies have sparked concerns. On Friday, South Korea’s financial regulator has stated it will ban the raising of funds through all forms of virtual currencies, including Initial Coin Offering, (ICO), in a move that mirrors China’s restriction on initial…

Tesla’s wind powered battery solution for South Australia on track for deployment by Dec. 1

South Australia’s power blackout could be history thanks to Tesla’s “Hollywood solution”. Almost a year after South Australia suffered a major blackout, it has started building the world’s biggest battery to help keep its electricity grid on and humming in what is being slated as Australia’s most wind-dependent state. With Tesla winning the bid to…

Alps And Arabian Desert Are The Places Where The Biggest Expat Salary Increases Are Found

An average of more than $193,000 is earned by expatriates moving to Switzerland which is also the home to some of the biggest private banks, commodity traders and pharmaceuticals companies. A study published by HSBC Holdings Plc shows that it is 54 percent more than if they’d stayed at home and is the highest in the…

To Counter China’s CRRC, Alstom, Siemens To Merge Rail Businesses

Creating a European champion to better withstand the international advance of China’s state-owned CRRC, German industrial group Siemens and French rival Alstom agreed to merge their rail operations. While Alstom will supply Henri Poupart-Lafarge as chief executive, helping to counter criticism that France is giving up control of another national industrial icon, Siemens will own 50 percent plus a…