According to a report in a public broadcaster, a memorandum was given to the then chief executive of car maker Volkswagen, Herbert Diess which warned he top executive of the company that it would could face a big legal action in the US related to the use of a cheating software in cars. This memorandum…
After a month-long review of its business and because of steady pressure from hedge fund investors, Campbell Soup Company has announced that it is putting up for sale its international and fresh, refrigerated foods business. it has also kept its options open for putting up on sale the entire business. There has been no news…
Chinese telecommunications firms Huawei and ZTE is planned to be blocked from bidding on public contracts for building information systems by the Japanese authorities according to reports over security concerns. According to a report published in the Japanese newspaper Sankei Shimbun, the Japanese government is concerned about security of confidential information and cyberattacks and therefore…
The telecom market in Australia is preparing to shift to faster mobile networks and Vodafone feels that it would be able to better compete with the Australian telecom giants in that market with the help of an $8 billion merger. Telecons Telstra and Optus are ahead of Vodafone as mobile operators in the Australian market. The…
A routine maintenance led to the payment processing issues at Australia’s Central Bank. On Thursday, Australia’s central bank stated, an internal power failure caused by the maintenance of its fire control systems as the cause of its Sydney data center inability to process some payments. Although the outage lasted only 3 hours, according to representatives…
The secret in the genes of dinosaurs that helped them top dominate Earth for 180 million years is being claimed to have been decoded by scientists and researchers at the University of Kent in the U.K. The possible characteristics of the genes of the very set of first dinosaurs is being claimed to have been…
There are hopes that self-driving taxi services would be ready to be commercially used before the 2020 Summer Olympics in Tokyo after an autonomous taxi successfully ferried paying passengers on the busy streets of Japan’s capital city. Many are hoping that such a taxi service would be a hit among the tourists that would gather…
While there is ai rising tendency among people to consider smoking marijuana harmless or even beneficial, a study suggests that it can be very harmful for pregnant women or who are breastfeeding. The study claims that such women should shun it altogether. Ample evidence of potential harm to children’s long-term development because of marijuana was…
Following a pay dispute in a firm that has been engaged in printing cheques for more than 100 tears has rekindled the debate about the future of cheques. The supply of cheques to High Street banks in the UK might have been because of the industrial; action by some 79 members of the Unite union…
The Indian retail sector is set to witness the clash of the titans as Walmart, Amazon Inc. and Alibaba Group is all set to engage in a war as each of the companies strive to expand their footprint in India. Many analysts are predicting that this would result in a massive shake up of the retail market…
