Walmart Inc the largest retailer by far in the United States as well as in the world, has issued a warning that id the Trump administration imposes a tariff on Chinese imports, then it will be forced to increase the prices of its products, according to news reports published in the media. The news reports…
The €200bn money laundering scandal that hit Denmark’s largest bank – Danske bank, has been described as the “the biggest scandal” in Europe by the European Commission. An explanation from ministers from Denmark and Estonia would be sought by the European commissioner for justice about how the Danske Bank executives and regulators did were not…
Tilray Inc. investors is a Canadian maker of medicinal cannabis extracts saw a huge rise in its shares throughout this year. On Wednesday, the shares of the firm rose by 38% while the peak increase during the day was 94%. The shares came to rest finally at $300. The huge increase in the share price…
About $60 million worth of crypto currency (6.7 billion yen) has been stolen once against from another Japan based crypto currency exchange after it was hacked. The exchange lost 5,966 bitcoins was among the hacked crypto currencies. The Tech Bureau operates the exchange which is called the Zaif. The exchange said in a statement on…
A court in China has issued a life sentence to the founder of a tech startup and his brother on charges of “fundraising fraud” according to reports published in the local media in the country. Ding Ning, founder of Chinese online peer-to-peer lender Ezubao and his younger brother, Ding Dian, were served the sentence this…
Ireland’s finance minister announced that Apple Inc. has completely paid up its due to the country in disputed taxes of €13.1 billion ($21.2 billion) and an interest of €1.2 billion. The country will not hold that money in an escrow fund and await the outcome of its appeal against an EU tax ruling. In August…
According to media reports quoting sources, the United States Justice Department is investigating the electric car maker Tesla Inc. over the statements that gad been made by the Chief Executive Officer of the company Elon Musk. Sources also reportedly said that this criminal probe is being conducted in addition to the already reported civil investigation by…
Some of the United States based tech giants such as Facebook, Google and Microsoft have been found to be attached to a proposal by a lobby group that sternly opposes an attempt by the European Union to set for itself more ambitious goals for climate change. According to media reports quoting a leaked document illustrates…
Apple products are amongst the few American company products that have managed to evade or sidestep the tariffs imposed by China on imports of US goods. Howe the tech giant managed to do so was explained by its CEO Tim Cook. In an interview to a television news channel, Cook said that “it’s not really…
Raising the veil over the first passenger to avail the services of the services of SpaceX, Elon Musk’s space transportation company, for a space trip around the moon was revealed by the company. The first private passenger to book a ticket on the flight is Japanese billionaire Yusaku Maezawa who is the owners and founder…
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