Adoption of Blockchain Technology for Greater Financial Inclusion
Mar 05, 2021 08:26 am UTC| Business
Blockchain technology has been gaining ground in the past couple of years as businesses and investors from all over the globe realize its many benefits and endless potential for use. However, the United States, considered...

Peak Design may sue Amazon over alleged product copyright infringement
Mar 05, 2021 08:25 am UTC| Business
Amazon has been called out by Peak Design for allegedly copying one of its bestselling items, which is a camera bag called the Everyday Sling bag. The company that makes various kinds of bags and camera accessories also...

Sinclair set to dismiss over 550 employees as business slowed down
Mar 05, 2021 07:11 am UTC| Business Economy
Sinclair Broadcasting Group announced this week that it would be laying off hundreds of workers soon. The company said it was left with no choice but to dismiss a percentage of its workforce as the business was affected by...

Exxon, Macquarie in $11.7 billion legal battle over missed deliveries
Mar 05, 2021 07:00 am UTC| Business
Exxon Mobil Corp has brought Macquarie Energy to court due to missed deliveries in the midst of a cold winter snap in the U.S. last month. The gas and oil company filed for an $11.7 billion lawsuit in the tribunal in...

Apple in hot seat after the UK starts antitrust probe on its app store
Mar 05, 2021 06:32 am UTC| Business
Apple is under investigation, and it was launched by the U.K. competition watchdogs. There are allegations that the American tech company is abusing its position in the industry, so Britain is checking this...

Hyundai, LG Energy to jointly shoulder costs for battery replacements of recalled Kona, Ioniq EVs
Mar 05, 2021 06:24 am UTC| Business
Hyundai announced it recalled some of its Elec City buses, Kona, and Ioniq electric cars. The recall was due to nearly a dozen reports of fires in the EVs. It was reported that investigation reveals that the cause was...

Pennsylvania Casino Industry Reports 6% Increase in Revenue
Mar 05, 2021 05:28 am UTC| Business
The regulated gambling industry is quite fascinating from an economic perspective. It has shown itself to be remarkably resilient against recessions. Even in times of plummeting consumer income, casinos and betting shops...