Companies | Ideals

Bill To Outlaw Trade In Dog Meat Passed By The Parliament Of South Korea

South Korea's parliament passed a bill on Tuesday to ban the consumption and sale of dog meat, outlawing the contentious centuries-old practice amid increased support for animal welfare. ...

The Two Priciest Cities In The World Are Singapore And Zurich

The Economist Intelligence Unit (EIU) has announced that Singapore and Zurich were tied for the most expensive cities in the world this year, followed by Geneva, New York, and Hong Kong....

Pocket wallets vs. smartphones: Can we replace cash with digital currencies?

The more than a decade-long history of cryptocurrency has clearly demonstrated that the world is keen on the new form of money. The crypto frenzy has even prompted leading central banks to work on...

Auto Industry Faces Disruptions as Trump’s 25% Tariffs Shake Market

Trump’s Tariff Reduction Proposal for China for TikTok Deal

Tariffs to Drive Up Car Prices and Shrink Options for U.S. Buyers

India’s Reliance Industries Halts Venezuelan Oil Imports Amid U.S. Tariff Hurdles

European Investors Demand Tangible Returns from AI Investments

China’s Huawei’s Resurgence: Overcoming Adversity to Hit Revenue Peaks

What is holding back India’s ambition to become a manufacturing hub

Musk’s Grand Vision: What xAI’s Acquisition of X Means for AI and Social Media

Trump’s Russian Oil Tariff Threats Spark Global Trade and Energy Uncertainty

Trump Family's Crypto Takeover: Influence, Control, and Ethical Dilemmas

WHO Faces Major Budget Cuts: The Impact on Global Health

Companies

Fiat And PSA Reiterate Their Merger Plans After Dividend Cut Reports

Recent reports that the two ‘soon to be merged’ car makers Fiat Chrysler (FCA) and PSA were planning to spinning off assets to cut a planned 5.5 billion euro ($6.2 billion) cash payout to FCA shareholders were dismissed by the companies and reiterated that the companies were intent on sticking to...

Boeing To End Production Of Its Iconic 747 Jumbo Jet: Reports

Manufacturing of its iconic 747 Jumbo Jets would be stopped by United States based aircraft manufacturing giant Boeing after it completes a current order of 16 planes, said reports quoting sources. Reports said that the company expects to complete the production of the last batch of the...

Second Covid-19 Indian Vaccine Candidate Granted Permission In A Week To Start Human Trials

A second possible Covid-19 vaccine candidate developed by Indian pharma companies was granted permission by Indian regulators this week to start human trials. The Indian drug maker Zydus has been granted the approval to begin testing the potential vaccine on humans in clinical settings on...

Corporate Conspiracy To Oust Its Former Boss Carlos Ghosn Denied By Nissan

Allegations of conspiracy within Nissan to oust former Chairman Carlos Ghosn have been squarely rejected by the Japanese auto major. Following the arrest of Ghosn in Japan in November 2018 on charges of financial misconduct at Nissan, there were allegations of conspiracy being hatched...

All Physical Retail Stores Of Microsoft To Be Closed Permanently

Microsoft will close down all of its physical retail stores globally. The company has said that all Microsoft Store locations in the United States and around the world will be closed down by it. The company announced that it will retail physical stores in only four locations which...

Advertisements On Social Media Platforms To Be Paused By Starbucks

All advertisements on social media will be stopped by Starbucks Corp in its efforts to try and stop the spread of hate speech, the global coffee chain said in a statement. The company will "have discussions internally and with media partners and civil rights organizations to stop the...

Strategy Review After Pandemic Will Be Necessary, Says Emirates COO

The chief operating officer of Gulf airline Emirates believes that there is need to further redefine its strategy of the company following the near halting of global aviation industry because of the novel coronavirus pandemic. The airline however also stressed on the need to bring in more...

Nike Posts Surprise Loss Reported By Nike Due To Pandemic Hit, Online Sale Grows

Markets were in for a surprise when the sport apparel company Nike reported a loss for the latest completed quarter which was a first quarterly loss for the company in over two years. The company said that its business was affected significantly by the closure of its department and...

Anti-Racism Movement Forces Unilever To Rename Fair & Lovely Skin Cream

Amid rising protests against racial and color discrimination, Unilever has said that it will be renaming its cream called ‘Fair & Lovely’ which is touted as a skin-lightening cream and one that has been criticized for promoting social stereotypes centered around darker skin tones. All...

WhatsApp Payments Service Suspended By Brazil’s Central Bank

After being announced by the social media company Facebook Inc.’s WhatsApp earlier this month, its planned WhatsApp messenger payment feature has been suspended in Brazil by the country’s Central Bank. Brazil is the second largest market in the world for WhatsApp after India with more than 120...

Amnesty Says NSO Spyware Tech Used By Morocco To Spy On Journalist

Amnesty International said that in the case of spying of journalist Omar Radi, a critic of Morocco's human rights record, the Moroccan government has made use of technology developed by Israel's NSO Group. A "sophisticated new technique" that silently installed NSO's Pegasus spyware was...

EU And J&J In Advanced Talks To Secure A Covid-19 Vaccine Deal: Reuters

The European Commission is close to securing a right to reserve or to make an up-front purchase of the still underdevelopment Covid-19 vaccine of pharmaceuticals giant Johnson & Johnson according to a report published by Reuters quoting EU officials with knowledge of the matter. The report...