Amazon Suspends Blocking UK Visa Credit Cards As The Two Firms Continued To Negotiate

Amazon has suspended its plans for blocking UK Visa credit card payments this week even as the two parties work out a payment fee issue. “The expected  change regarding  the use of  Visa credit cards on Amazon.co.uk will no longer take place on January 19,” Amazon said. It was “working closely to reach an agreement”,…

Credit Suisse Chief Horta-Osorio Resigns After Probe Found He Broke Covid-19 Rules

Antonio Horta-Osorio, the chairman of global banking behemoth Credit Suisse, has resigned with immediate effect after violating Covid-19 quarantine restrictions. Horta-Osorio had only been with the bank for nine months and he quit her job after an internal probe. After a series of crises at Credit Suisse, the former CEO of Lloyds Banking Group had…

$1 Billion Office Purchased By Google In London Expanding Its Property Empire In The City

While it waits for the construction of its long-delayed U.K. headquarters to be completed, Google has purchased a bright office space in London for $1 billion. The internet behemoth revealed on Friday that it has purchased the entire Central St. Giles building in London’s West End, where it already has a number of floors. Google…

BP Says Its Car Chargers Will Soon Have Higher Profitability Than Pumps

According to British Petroleum, its quick electric vehicle charges are about to become more profitable compared to filling up a gasoline automobile. The achievement will be significant for BP, which is looking to diversify its business away from oil and towards power markets and electric vehicles (EV). EV charging has been a loss-making business for BP…

Research Report Claims $400m Of Cryptocurrency Stolen By North Korea Hackers In 2021

According to a research, North Korean hackers stole about $400 million in digital assets through as many as seven attacks on cryptocurrency platforms last year. Cyber-criminals in the secretive east Asian country had one of their most successful years on record for hacking last year, according to blockchain analysis firm Chainalysis. Investment firms and centralised exchanges were the…

Meta To Face Billion-Pound Class-Action Case In The UK

As many as 44 million used of Facebook in the United Kingdom could share £2.3 billion in damages, according to a competition expert planning to sue Facebook’s parent company Meta. Meta “abuses its market dominance,” according to Dr. Liza Lovdahl Gormsen, by charging an “unfair price” for free use of personal data of users of Facebook’s…

Embattled Cruise Operator Genting Hong Kong’s Stocks Plunge More Than 50% After It Warns Of Defaults

The cruise company that is currently in a lot of financial trouble, Genting Hong Kong, witnessed its stock drop by more than 50 per cent following the firm announcing that it might not be able to fulfill its debts and other obligations. After a four-day hiatus, trading resumed on Thursday. “There is no certainty that the Group will…

Starbucks To Increase Spending With Diverse Suppliers By Almost Two Times By 2030

Starbucks Corp said that its expenditure with suppliers and vendors from underrepresented groups in North America will nearly treble to $1.5 billion by 2030. Starbucks’ chief global inclusion and diversity officer, Dennis Brockman, says the firm can utilize the global supply chain disruption caused by Covid-19 to improve diversity. “This will give us an opportunity…