Britain’s NatWest concede that it was unable to stop money laundering through it worth 400 million pounds ($544 million) and is likely to be slapped with a substantial fine. This is the first lender of the United Kingdom to have conceded to a criminal charge of not preventing money laundering. The British bank was bailed…
The China Evergrande Group, which has recently caught the global attention because of its astronomically high debt and the concerns of its collapse having a widespread impact on the global economy, has been sued by two Hong Kong property agencies over commissions unpaid to the agencies, according to reports based on a court filing This…
According to data that experts praised as a possible milestone in how the Covid-19 causing virus is handled, an experimental antiviral medicine produced by Merck & Co has shown the potential to half the risks of dying or being hospitalised for people most at risk of acquiring severe case of Covid-19. If approved, molnupiravir, which…
United States based General Motors Co was beaten by Japanese automaker Toyota Motor Corp in terms of sale of its vehicles in the US market for the first nine months of the current year, partly because of the Detroit automaker struggling to ramp up production of its cars because of issues resulting from the global…
With more of its customers choosing to move online for their banking transactions and needs, almost one in five branches of Virgin Money UK will possible have to be closed down in the coming months, said the British bank on Thursday. This makes Virgin Money to become the latest bank to bring down its physical…
India’s telecom firm Bharti Airtel wil make in investment of 50 billion rupees ($673 million) for expansion of its data centre operations so that the company is able to satisfy consumer demand in and around India, the company said on Thursday. The investment will be made by 20205 by its Nxtra business, Airtel Business CEO…
The current market situation has reportedly forced the public listing of Virgin Atlantic, the United Kingdom based airline founded by billionaire Richard Branson, to be delayed by the company till early next year as the company now focuses on the reopening of the transatlantic market, said reports quoting sources with knowledge of the matter. The…
General Motors’ BrightDrop electric commercial vehicle company would add a second delivery van to its portfolio in 2023, the company said on Tuesday, and added that it has committed to offer that vehicle to Verizon Communications Inc. The medium-sized EV410, intended for a sector that includes groceries, telecoms, and other service providers that require smaller…
On the third day of a week-long hearing at the General Court of the European Union, United States based search engine giant Google said that its policy of payment made to phone makers for pre-installing only Google Search on the devices that they make does not aim to prevent competition in the market but is…
The planned development of an Instagram for kids by Facebook was paused on Monday by the social media company after the announcement of the plan was severely criticised by lawmakers as well as users. “While we believe building ‘Instagram Kids’ is the right thing to do, Instagram, and its parent company Facebook, will re-evaluate the…
