A revival plan that will be worth $2.8 billion in fresh investments and planned to be implemented through a period of ten years has bene proposed by General Motors for the turnaround of its loss-making business operations in South Korea. This was reported in Sought Korean media citing information gathered from a government official there.…
Users can now make payments at retail stores with the use of any android run smartphone with NFC support by Google’s new payment app. The app, called Google Pay, can be downloaded free of charge but is only now available in the US and the UK. A number of characteristics of the current Android Pay…
There was a sharp fall in the share prices of Daimler AG following a new report in a German newspaper about a potential investigation in the United States where allegedly a software has been detected in the diesel cars of its Mercedes-Benz brand which could have been only specifically designed and used in the cars…
Thousands of small satellites are planned to be put to use to provide high-speed internet to the world by Elon Musk’s SpaceX. And that plan is moving a bit closer to becoming a reality this week. On Wednesday, a rocket is slated to be launched by the company from Vandenberg Air Force Base in California.…
The price of a painkiller has been increased to almost $3000 a bottle by an Irish drugmaker. The company had acquired the drug in late 2013 and compared to its price then, it is 22 times more expensive now. And adding to this astronomic price increase for Horizon Pharma’s Vimovo drug is the fact that…
It would be tens of millions of years before a crash down on the surface of Earth or Venus would happen for the Tesla car that was sent out into space by Elon Musk. This was analyzed by Czech and Canadian researchers. During the next million years, there is a 2.5 per cent probability for…
This time the investors of a U.S. listed company would be the beneficiaries of a shift of a huge amount of cash from overseas accounts to the United States – a direct impact of the new tax rules just implemented in the country. In the next few months, about $67 billion in foreign profits would…
London restaurants now have the option of choosing between throwing away food or selling it fast and cheap. A Swedish startup Karma has launched an app in London that allows restaurants to do the latter. Following an initial roll out in 35 cities in Sweden, the app was launched in Thursday in London and has…
Six giant server farms where each one is bigger than ten football fields is among the best chances that Walmart has at challenging Amazon.com. Walmart had expended millions of dollars and expended resources for five years to construct these facilities and the company has begun to reap the benefits from them. in the last three…
Many of the wealthy investors are wiling to consider starting a new venture now or in the very near future as they are of the opinion that the business environment is ripe to do so. This was claimed in the recent report by UBS Wealth Management USA’s Investor Watch report, “Who’s the boss?” On the…
