A declaration that highlights and underscores the importance of an “open world economy” where there is benefit for countries from globalization was signed by the leaders of the Brics emerging economies. An “open and inclusive” multilateral trading system as dictated by the World Trade Organization rules was also supported by Brazil, Russia, India, China and…
The founder and the former chairman of the pizza chain Papa John’s wants access to documents relating to his exit form the company and has moved court for this purpose. Earlier this month, founder of the firm John Schnatter had to resign from the company following his use of the N-word during a conference call.…
There has been a sharp decline in the operating profits of the Finnish information technology company Nokia for the second quarter of the current year. This was announced by the company in its interim report filed by the company earlier this week. There was a fall of a very significant fall of 42 per cent…
The development has given rise to expectations that Samsung Electronics can now launch its foldable screen which its mobile chief had hinted was in development; there’s every probability that Samsung could launch this device during the holiday shopping season. On Friday, Samsung Electronics Co Ltd’s subsidiary Samsung Display stated, its unbreakable, bendable screen has passed…
Google released a USB key that has been developed inhouse by the tech giant and which, the company said, would be helpful in enhancing the security of online login for its users. This new solution developed by Google is being described as an innovative approach that is very contextual of the current times and has…
Auto maker Ford will spend about $11 billion in its efforts to bringing in big changes to its core auto business in the years to come. The company however did not provide much details of the planned change sin its business operations. But the development of self-driving cars has become one of the primary focuses…
Given hydrogen’s availability and its weight to storage energy quotient, Toyota believes hydrogen powered fuel cells will play a significant role in the clean-energy-powered auto industry in the coming future. In a significance development, Toyota Motor Corp announced that it plans on increasing investments in its hydrogen fuel cell-based vehicles, as design more cost-effective mass-market…
SK Hynix, the world’s second biggest memory chip producer, will boost NAND memory chip production by more than 30% in the second half of this year. NAND memory chips are easier to assemble than DRAM chips. On Thursday, South Korean chipmaker SK Hynix Inc posted a record second quarter profit which underpins a continuation in…
Legal action against Uber is being contemplated by London’s black-cab drivers which also include filing of a suit against the ride hailing firm claiming over £1bn in damages on allegations of their loss of earnings. According to a report on Sky News, lawyers are being consulted by the Licensed Taxi Drivers’ Association at Mishcon de…
In order to focus on her role at the White House, she was shutting her fashion line, said Ivanka Trump, daughter of U.S. President Donald Trump. Ivanka is associated with the White House in an informal capacity where she oversees projects for advancing working women. There have been criticisms of conflicting toles of the family…
