
Volkswagen may sue suppliers Bosch and Continental over chip shortages
Jan 24, 2021 14:44 pm UTC| Economy Business
German car manufacturer Volkswagen may sue its suppliers Bosch and Continental for damages due to a lack of semiconductors that shut its assembly lines. Volkswagen is reportedly in talks with alternative semiconductor...

Jan 24, 2021 14:26 pm UTC| Business
Tesla is taking legal action against one of its engineers after accusing him of stealing important company documents. It was said that the man was newly-hired and has been working for Elon Musks company for mere two weeks,...

UK advising firms to set up hubs in EU to avoid trade disruption
Jan 24, 2021 14:13 pm UTC| Economy Business
UK is encouraging its firms who are exporting to the EU to set up subsidiaries in the bloc to avoid disruption under new trade rules, even if it means moving investment out of the country. Firms have been hit by extra...

Uber to sack 185 Postmates workers after it acquired the food delivery app
Jan 24, 2021 14:01 pm UTC| Business
Uber reportedly dismissed more than 180 employees, and most of them work in its Postmates division. This figure is around 15% of the total workforce of the local delivery company that was acquired by Uber in December last...

Godiva Chocolatier succumbs to COVID-19 and will shut down 128 stores in North America
Jan 24, 2021 12:35 pm UTC| Business
Godiva is one of the most well-known chocolate brands in the world, and it was reported that it decided to close down all of its 128 stores in North America. The chocolatier blamed the COVID-19 pandemic for what has become...

Ford to lose $610M after the NHSTA ordered a recall and replacement of airbags in 3 million vehicles
Jan 24, 2021 11:56 am UTC| Business
Ford will be losing money after the National Highway Traffic Safety Administration rejected its appeal in the airbag recall order. The NHTSA has been asked to recall three million vehicles earlier this month for the...

Indian regulators approve Reliance's deal with Future Group amid Amazon's protest
Jan 22, 2021 23:48 pm UTC| Business
The Securities and Exchange Board of India has approved Reliance Retails $3.4 billion acquisition of Future Groups retail assets against Amazons opposition. The deal would transfer the retail and wholesale business of...