In allegations that widen the scope of the latest scandal to hit the nation’s auto industry, allegations of colluding for nearly two decades to limit the pace of technological advances in their vehicles and stifle competition have bene placed against German’s major automakers in a U.S. lawsuit of acting as a cartel. According to a…
Even as fears n sparked that Southeast Asia’s largest economy could embark on a Philippine style drug war, the country has expressed a willingness to let authorities shoot down drug dealers, having come under pressure from widespread illegal narcotics distribution. Indonesian President Joko Widodo or Jokowi recommended police to shoot drug traffickers who resisted arrest and said that…
A person’s chances of developing diabetes could be significantly get reduced of that person consumes alcohol three to four times per week, claimed a new study. While issuing warning that clear spirits, such as gin and vodka, could substantially increase a woman’s chances of succumbing to the condition, the researchers in the study have identified…
As the Persian Gulf carriers grapple with the impact of terrorism on global traffic flows and a low oil price that’s crimped local travel, the full extent of the pressures facing them were revealed after Etihad Airways recorded a $1.87 billion annual loss. A $808 million hit from the reduced value of stakes in so…
Samsung’s chip division could be almost twice the size of Intel’s entire business after it propelled Samsung to record second quarter earnings. Accounting for more than 57 percent of its entire earnings, operating profit of 8.03 trillion Korean won ($7.21 billion) in its semiconductor division in the three months to June was reported by the South Korean electronics…
A drop of more than 50 percent in less than 40 years have been noticed in sperm counts in men from America, Europe, Australia and New Zealand, researchers said recently. And what is more alarming is that there is no letup in the rate of decline in sperm count. A potential decline in male health…
After proposals submitted by the tech giants were considered insufficient, in order to amend their user terms to bring them in line with EU law, European Union authorities have increased pressure on Facebook, Twitter and Google. According to letters sent to the companies and reportedly seen by the media, asking the IT companies to improve…
It is unlikely that a major global legal threat could emerge out of the Allegations of industry collusion between Germany’s car manufacturing industry, Arndt Ellinghorst, head of global automotive research at Evercore ISI, said on Tuesday during a television interview. The possibility of being engaged in an illegal cooperation by German car companies, including Volkswagen,…
Israel is planning a potential increase in spending is bound to offer the private sector a raft of new opportunities as the country wakes up to its dramatic shortfall in infrastructure compared to most developed economies. The formation of a committee that will issue recommendations on infrastructure spending by December was announced last week by…
As Samsung Electronics targets new growth drivers for the chips business, aggressively adding clients is the strategy that the IT giant plans to triple the market share of its contract chip manufacturing business within the next five years, according a senior company executive. In a clear statement that the technology giant was preparing to focus…
