Business & Finance
Surge In Demand For Its SUVs And Luxury Cars Pushes Hyundai Q1 Profit To 4 Year High
A huge 187 per cent jump in its net profits for the first quarter of the current year was reported by the South Korean auto giant Hyundai Motor Co which was in line with the expectations of the market, the company said on Thursday. Hyundai attributed the performance to a strong demand for the...
European Top Court Rules Against Chanel In Its Fight With Huawei Over Trademark
A court case over trademark that was filed by the French luxury house Chanel against the Chinese technology firm Huawei resulted in the court ruling against the luxury brand in which a top European court ruled on Wednesday that the logos of the two companies had no similarities between them,...
Zoom launches $100m investment fund
Zoom has launched a $100 million venture capital fund to invest in startups that leverage the video service's capabilities in their businesses. Zoom wants to build an ecosystem of applications and platforms for developers around its technology. Each selected company will receive between $250,000...
Bank of England examines feasibility of issuing digital currency
The Bank of England announced a joint working group with the Treasury to examine the feasibility of issuing a UK central bank digital currency (CBDC). The Bank of England notes that CBDC "will be a new form of digital money issued by the Bank of England for use by households and businesses. It will...
Experts warn of shortage of hard drives due to a new cryptocurrency
The growing popularity of the new cryptocurrency ChiaCoin could lead to a shortage of hard drives around the world, analysts forecast. Users in China have started to buy hard drives and SDD-drives in droves, with discs measuring 4 terabytes to 18 terabytes being the most popular, according to the...
Japan's New Corporate Governance Rules Will Be Tested By Bid To Take Over Toshiba
The recent changes in rules in Japan for improving transparency of corporates and protect the interest of minority shareholders will be tested by the possible bid for Japanese conglomerate Toshiba Corp as well as the corporate governance at a company that has been hit by scandals in recent...
Australian Watchdog Claims Users Were Misled By Google Over Private Data Collection
Australia’s competition regulator has said that the United States based search engine giant Alphabet Inc's Google had misled a section of consumers about the collection of their personal location data through their Android devices as found by the country’s federal court. It is seeking...
19% Q1 Profit Growth Reported By TSMC But Predicts Chip Shortage To Linger Into 2022
The Taiwan based semiconductor making company Taiwan Semiconductor Manufacturing Co Ltd (TSMC) said that the tight supplies of chips will likely continue into next year but it is doing all it can to enhance its productivity and take all measures to reduce the global chip shortage. Its...
Deliveroo Touts Its Doubling In Orders In Q1 Aimed At IPO Redemption
The British food delivery firm Deliveroo cited the more than doubling of its orders during the first quarter when the Covid-19 lockdowns was in force was the initial step for proving itself after the debacle that it encountered during its last month’s public listing in London. “We have a...
EasyJet Expects To Fly More Flights From Late May
The British low cost airline easyJet effectively shrugged off concerns about the hit to air travel because of a potential third wave of Covid-19 infections in continental Europe – the possibility of which has dampened the hopes of a rebound in the travel industry this summer, as the airline said...
