Google asks lawsuit by 10 states be moved from Texas to California
Jan 21, 2021 09:55 am UTC| Economy Business Law
Google has asked a Texas judge to transfer an antitrust lawsuit filed by 10 states to a court in California, where the company has more relevant witnesses and documents. The search engine company noted that it was...
Amazon sues EU for allowing separate Italian probe over same issue
Jan 21, 2021 09:47 am UTC| Business Economy Technology Law
Amazon is suing to annul the European Commissions (EC) decision that allowed the Italian competition watchdog to pursue a separate case against it over the way it selects sellers. The US online retail giant took its...
LG Electronics will stop making smartphones in 2021: Report
Jan 21, 2021 09:11 am UTC| Business Economy
LG Electronics may be giving up its smartphone manufacturing business this year. This means that the company will be withdrawing from the mobile phone market and stop the production of the device. Although this was not...
Jack Ma finally emerged after months of ‘disappearance’ and sent Alibaba stocks soaring
Jan 21, 2021 08:07 am UTC| Business Economy
Jack Ma, the founder of Alibaba Group, a Chinese tech, and e-commerce company, made his very first public appearance after disappearing in the public eye in October 2020. The billionaire was said to have vanished after...
Jan 21, 2021 06:19 am UTC| Business Economy
Chinese telecommunication companies were delisted at the New York Stock Exchange this month as Donald Trumps executive order that was signed in November last year takes effect. The former POTUS wants them to remove them...
India's planned revision of foreign investment rule to hit Amazon, Walmart
Jan 20, 2021 13:56 pm UTC| Economy Business
India may revise its rule to prohibit foreign e-commerce companies like Amazon and Walmart-controlled Flipkart from offering goods from sellers from where they have an indirect stake. The revision could compel players...
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