Mastercard barred from issuing new cards to customers in India
Jul 16, 2021 08:22 am UTC| Business Economy
Mastercard was ordered by the Indian authorities to stop issuing new cards to customers in India. The ban was announced by the officials on Wednesday, July 14. Why India banned Mastercard from taking in new...
Amazon sued by the US regulator and ordered to recall hazardous products
Jul 16, 2021 07:23 am UTC| Business Economy
Amazon is facing a lawsuit after the U.S. Consumer Product Safety Commission (CPSC) filed a complaint against it. The countrys regulator revealed on Wednesday, July 14, that it had sued Jeff Bezos company to force it to...
Johnson & Johnson recalling Neutrogena and Aveeno sunscreen products due to Benzene
Jul 16, 2021 06:22 am UTC| Business Economy
Johnson Johnson is recalling a total of five items from two of its leading brands Neutrogena and Aveeno. All of the products being recalled are the aerosol sunscreens after Benzene, a cancer-causing agent, has been...
Netflix appeals Seoul court's ruling over network usage fee
Jul 15, 2021 22:19 pm UTC| Economy Law Business
Netflix Inc. appealed the Seoul Central District Courts decision last month dismissing its request for confirmation that it is not liable to pay network usage fees to a local internet service provider (ISP) SK Broadband...
Facebook seeks FTC Chair Lina Khan's withdrawal in antitrust case
Jul 15, 2021 15:35 pm UTC| Economy Law Business
Facebook asked for the withdrawal of Federal Trade Commission (FTC) Chair Lina Khan from the FTCs antitrust case against it. Khan, who was sworn in as FTC chair in June, is a prominent critic of Big Tech. She worked...
Delta reports first profit since 2019
Jul 15, 2021 15:21 pm UTC| Economy Business
Atlanta-based Delta Air Lines reported a second-quarter profit of $652 million to snap a five-quarter streak of losses, thanks to federal coronavirus aid that offset some of its costs. The airline expects to be...
Delta Air CEO says delta Covid variant has not impacted bookings
Jul 15, 2021 15:12 pm UTC| Economy Business
Delta Air Lines CEO Ed Bastian revealed that the new delta variant of Covid-19 hasnt hurt their sales and that they are even getting 60 to 90 days of bookings in advance. Bastian noted that the variant hasnt impacted...
South Africa’s plan to move away from coal: 8 steps to make it succeed
Germany lowers voting age to 16 for the European elections
IceCube researchers detect a rare type of energetic neutrino sent from powerful astronomical objects