As Amazon looks to step up its challenge to local e-commerce players in India, the US online retail giant announced the decision of investing $3 billion in India this year. The announcement was made by the chief executive f the company Jeff Bezos. Bringing Amazon’s total investment in India to $5 billion, the new money…
A new report from UNESCO, the United Nations Environment Programme (UNEP) and the Union of Concerned Scientists (UCS) claims that climate change is “fast becoming one of the most significant risks for world heritage sites worldwide”. Some of the world’s most famous sites that are being impacted by climate change are highlighted in the latest…
A 5000 year old beer recipe uncovered in China shows that people there were importing a critical ingredient from thousands of miles away which has made the finding “surprising” according to researchers. Jugs, pots and funnels — containing remnants of mashed grains and other starches – all parts of cache of ancient brewing equipment were…
A crucial week in which the future of the struggling British business is likely to be decided in its Indian parent company’s boardroom would have a final list of the potential buyers of Tata Steel UK as the final bids have been submitted from the interested parties. There is a slim chance that a single favored…
As Samsung looks to expand its footprint in the world’s second-largest economy, the South Korean company has struck a partnership with Alipay, China’s biggest payments service that is run by Alibaba affiliate Ant Financial. Alipay at resent is placed as a separate app on devices. When a customer goes to pay for something in-store, they have…
In order to meet strong demand for the electric car maker’s upcoming Model 3 sedan, Panasonic Corp is prepared to move up its investment plans for Tesla Motors Inc’s battery plant, an executive at the Japanese electronics group. “We will do our best to move up the schedule if requested,” Yoshio Ito, head of Panasonic’s…
As the U.S. tech titan – Apple, stumbles in its biggest offshore market – China, security of its users were stressed by the head of China’s industry and technology regulator in a meeting with Apple Inc’s chief executive in Beijing. Having faced by a flurry of problems in China, from weakening smartphone sales to the…
In a widening of a scandal that has already engulfed Mitsubishi Motors, Suzuki Motor Corp said it had used improper fuel economy tests for its cars in Japan but that proper testing subsequently had shown the mileage data did not need amending. Taking responsibility for a major fuel economy scandal, the President of Mitsubishi, Tetsuro…
A Finnish company, HMD Global Oy, will now create Nokia-branded phones and tablets and such phones and tablets would be manufactured by a subsidiary of Taiwan’s Foxconn. An exclusive 10-year licensing deal with the Finnish company has been signed by Nokia , the company said. Nokia had to sell off its entire handset business to…
With the hope of raising one billion euros, Dutch electronics giant Philips announced that it will float 25 percent of its shares in a highly anticipated IPO of its lighting arm. Reserving the option of releasing more if the offer is over-subscribed, the Amsterdam-based company said it would release some 37.5 million shares for the…
