The Russian government has announced the successful testing of an alternative to the global internet throughout the country. According to the Russian Ministry of Communications, no changes were visibly noticed by the ordinary users of new internet even though it did not offer much more clarity on the details of te test. Russian President Vladimir…
The profits of the makers of Vimto brand of soft drinks, Nicholas, could be hit because of the imposition of a new soft drinks tax in parts of the Middle East, the company said. It was concerned about the 50 per cent taxation on soft drinks in Saudi Arabia and UAE, said the Newton-le-Willows, Merseyside,…
The German luxury car maker confirmed on Monday that it was being investigated by the United States Securities and Exchange Commission. The company however did not provide nay details about the cause or the focus of the investigation. According to reports quoting sources who had knowledge of the purpose of the investigation, the manner in…
The uncertainty and debacle surrounding the 7373 Max planes of Boeing has resulted in the ouster of the company’s CEO Dennis A. Muilenburg on Monday. It was a about a week ago that the United States based plane maker announced it decision to suspend production of its troubled 737 Max airplanes that have been grounded…
The Swiss bank Credit Suisse has admitted that it had authorized private detectives to track the movements of a second executive of the company which revealed the extent of the extraordinary corporate espionage scandal at the bank. In February this year, private detectives hired on behalf of the bank had followed the former head of…
A new 10 billion yuan ($1.4 billion), five-year loan facility will be given to the united States based electric car maker Tesla by a group of China banks as funds for developing the car maker’s Shanghai car plant, reported the news agency Reuters citing information from three sources familiar with the matter. The report, a…
Holiday gifts could get delivered by drones to homes next year. The race for development of commercial drone delivery systems and to make it a reality is hotting up with biggest players in logistics and packages in the world trying to outdo each other in this area. And “UPS and Alphabet have the early lead”…
Funds worth more than $1 billion have been raised so far this year for its wind and solar business by the Indian startup ReNew Power. In addition to that being a sign of investor confidence in ReNew, one of India’s best performing unicorns, it is also being seen as a sign of the shifting of…
The top court of Europe has ruled that there is no need to for obtaining an estate agent’s license to operate in France for the accommodation booking service app Airbnb. The court gave this ruling in reference to a case filed against Airbnb by the French tourism association alleging that the company did not have…
All McDonald’s restaurants in Peru was announced to be closed for two days to mourn the “death of our collaborators”, said McDonald’s operating company in Peru Arcos Dorados in a statement on Twitter. This was done in response to death of two young employees at a McDonald’s restaurant in Lima because of electrocution which has…
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