Economy

General Motors and Cruise Sue Ford to Bar the Automaker From Using BlueCruise for its Autonomous Cars

United States based vehicle manufacturer General Motors Company (GM) together with its subsidiary Cruise robo-taxi have sued fellow auto manufacturer Ford Motor Company (F) seeking to refrain Ford from using ‘BlueCruise’ to market its self-driving vehicles. In the lawsuit, both GM and Cruise jointly argue that Ford will be infringing on GM’s Super Cruise trademark […]

China Turns Down WHO’s Plan to Study the Origin of COVID-19

China has declined a plan by the World Health Organization (WHO) to study the origin of Covid-19 in a second phase investigation in China. Since China was the country in which the virus emerged, there have been allegations doing rounds suggesting the virus escaped from a Chinese laboratory however this rumor was dismissed by the […]

YouTube Pulls Down President Bolsonaro’s Videos Cites COVID-19 Misinformation

Alphabet Inc. (GOOGL) owned online video sharing platform YouTube has pulled down videos from Brazilian President Jair Bolsonaro’s channel citing that the videos spread misinformation about COVID-19 outbreak. During a press conference, YouTube said the videos were removed after careful reviews and without political considerations about President Bolsonaro or his political ideologies. Brazil is on […]

China Unveils Maglev Train With a Top Speed of 600 kph

On July 20, China unveiled a maglev train which has a top speed of 600 kilometers per hour. This announcement was made by China’s state owned media. The train has been self-developed by China and manufactured in the coastal city of Qingdao This launch means that this train is officially the fastest ground vehicle across […]

Flipkart Argues it Shouldn’t be Treated the Same as Amazon by India’s Authorities

Walmart Inc. (WMT) owned India based online retailer Flipkart claims that it should not be subjected under the same treatment like United States based e-commerce giant Amazon Inc. (AMZN) which they both operate in the Indian market. India’s antitrust regulator, Competition Commission of India (CCI) has been on the neck of the two e-commerce company […]

Facebook Distances Itself From U.S Failing to Meet Vaccination Target

Leading social media company Facebook Inc. (FB) says it should not be blamed for the United States failing to meet its COVID-19 vaccination target. Facebook made this statement as a retaliation to President’s Biden sentiments in which he said that social media companies are killing people by allowing misinformation about the pandemic spread across their […]

U.S Senate Passes Bill to Ban All Imports Coming From Xinjiang China

The United States Senate has passed a bill which bans all imports from China’s Xinjiang region as a move to stand against the genocide against Uyghurs and other Muslim groups which has been happening in the region for quite some time now. According to the Uyghur Forced Labor Prevention Act, it creates a rebuttable assumption […]

Global Financial Regulator Says Working From Home is Promoting Cyber Attacks

The Financial Stability Board (FSB) claims that the sudden shift to working from home courtesy of the pandemic is a reason for increased cyber-attacks which have increased tremendously in recent times. The FSB which is responsible for coordinating financial rules for is advising that financial companies may need to reinforce their defenses in the wake […]

China’s and North Korea Leaders Pledge to Strengthen Ties

The leaders of China and North Korea held a summit over the weekend in which they exchanged vows to strengthen cooperation on the anniversary of their treaty of friendship, cooperation and mutual assistance between the two countries. North Korea’s leader Kim Jong Un said ties between the two nations will always remain vital even in […]

Japanese Premier Declares COVID-19 State of Emergency in Tokyo

The Prime Minister of Japan, Yoshihide Suga, has declared a COVID-19 state of emergency in Tokyo, the world’s most populated city with an estimated population of 37 million people living around its metropolis. The Prime Minister gave out measures made to combat spread of the deadly virus which will remain in place until August 22. […]