One of the largest drug manufacturers of the world, Johnson & Johnson, has been dragged into a trial for a multi-billion dollar lawsuit initiated by the state of Oklahoma in the United States. The company has been accused by prosecutors of being deceptive in their marketing of painkillers as well as in downplaying the risks…
A report based on a survey done by data company Refinitiv found that there has been an increase in the white-collar crimes such as fraud and money laundering because of an economic slowdown globally. Refinitiv said that over the last 12 months to the end of March 2019, about 75 per cent of the respondent…
According to a report published in the Japanese news paper Nikkei, the merger of Fiat Chrysler Automobiles and Renault would not be opposed by Japan’s Nissan Motors. The report claimed that was conveyed to the Renault management by Nissan officials at a meeting between the two that was held to discuss the future of their…
Huawei has asked the U.S. District Court for the Eastern District of Texas, to declare the 2019 National Defense Authorization Act (NDAA) as unconstitutional. Clearly U.S. action on the company is having its intended effect. According to a motion filed late on Tuesday, China’s Huawei Technologies Co Ltd has filed for summary judgment in its…
Germany’s antitrust regulator has extended the review of IBM’s $962 million acquisition of T-Systems to July 9. According to a statement placed on the website of Germany’s antitrust office, it is extending its review of a mainframe computing deal between the IT services arm of Deutsche Telekom, T-Systems, and IBM. The review period is being…
The first robot that can be used for plucking raspberry is being set to work in the United Kingdom. After ascertaining the age of the fruit, the gripping arms of the robot plucks the fruit and then deposits it gently into a waiting punnet. This entire process of plucking takes about a minute for a…
Furniture retailing giant Ikea is bring in a radical change to the shopping experience of customers through anew app that would allow its customers to avoid going to Ikea stores and yet be able to visualize the products in reference to their own homes. This would eliminate the need for customers to take the trouble…
According to a report from Barclay’s, over the next ten years, the companies emerging in the industry of plant-based or lab-made meat would be able to capture a 10 per cent share of the $1.4 trillion meat market and it total market value would reach an astounding $140 billion. This fast growing food sector appears…
The plans of launching its own crypto currency by Facebook are on their final stages. By the end of the first quarter of 2020, the company is targeting to set up a digital payments system in about a 12 countries. There are reports that by the end of the current year, testing of its crypto-currency…
Across the world, a number of countries are ready to construct infrastructure for the latest mobile connectivity technology called 5G. The US restrictions and banning of the Chinese telecom equipment maker Huawei could prove to be beneficial to one of its closest global rivals in telecom equipment industry – Nokia, said Rajeev Suri, the Chief…
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