An announcement made by the consumer watchdog of Australia claims that prosecution under criminal cartel charges would be initiated against financial institutions and banks including the ANZ, Deutsche Bank and Citigroup. The case dates back to 2015 and pertains to the banks arranging to sell A$2.5 billion (£1.4 billion; $1.9 billion) worth of ANZ shares.…
There will be closure of almost 100 Carphone Warehouse stores this year as the retailer – under its new boss, Alex Baldock, has issued a profits warning and has promised to take measures so that the company is able to cope with and adapt to the changing trends in the mobile phone market. Driven by…
The likelihood that fairytale based gambling games could be appealing to children has made authorities ban such games on gambling website called Fairytale Legends and Fairies Forest. Three games – Fairytale Legends Red Riding Hood, Fairytale Legends Hansel and Gretel, and Fairies Forest were promoted in the m88.com website in January. Animated images of a…
Firms in Europe now have to abide by the local laws and employment standards if and when they decide to depute workers on to other European Union countries on a temporary basis. This law was recently passed by the EU. Workers who are sent to other EU countries would have the same rights and obligations…
A recent study has suggested that diners could be prone to ordering more of unhealthy food if one is dining out in a restaurant that has loud musing playing most of the time. The ambient music volume at restaurants could be an important factor in people deciding to on whether to order a cheeseburger or…
The effectiveness of the ban by Facebook on foreign advertisement during the abortion referendum in Ireland has come into question after an inquiry into possible ‘fake news’ in the referendum was ordered by British and Irish parliamentarians. The inquiry was ordered after findings that in the run up to polling day, it was still possible…
Tiny machines and computers can be created by manipulating the shape of DNA, claim scientists and added that a range of new “triggers” to control this process have also been discovered. DNA molecules can be forced to change shape by inserting elements like copper and oxygen. Scientists are able to create tiny pieces of technology…
In what is the latest development in the acquisition battle between Comcast and Rupert Murdoch’s 21st Century Fox, Britain will most likely oppose the proposed takeover of British satellite broadcaster Sky by American cable giant Comcast, said Britain’s culture secretary on Monday. He does not have storing intentions to interfere in the $30.7 billion deal…
Recent incidents of crash with Tesla electric cars and the departure of senior executives from the company together with the production problems has forced company CEO and founder Elon Musk to announce that the company was undergoing a “thorough reorganization” to tackle the problems. Musk reportedly told this to his employees. In an email to…
Foxconn Technology Group, a key iPhone assembler, reported less than expected January-March earnings primarily because of a small – 3%, enhancement in shipments of Apple’s smartphones in the aforesaid quarter. The Taiwanese company noted a 14.5% decrease in its net profits y-o-y at $809.8 million in the quarter. This was the lowest first quarter income…
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