Economy

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. […]

Twitter Loses Immunity Against User Generated Content in India

Widely used social network Twitter Inc. (TWTR) has lost immunity over user generated content in India after the Indian government said the company has failed to comply with the new information technology laws in the country. According to the court filing, Twitter no longer enjoy liability protection against user generated content in the country. This […]

Suspected Hackers Demand $70 Million to Restore Companies’ Data Affected by Cyberattack

A group of hackers suspected to be behind a cyber-attack which affected data of companies across the world is now demanding for a ransom of $70 million to restore the data. The hackers group posted the announcement on a dark web site. This ransom demand was posted on a blog normally used by a Russia […]

President Biden Orders Investigations Into Latest Ransomware Attack

United States President Joe Biden has ordered the country’s intelligence agencies to probe into a latest ransomware attack which affected various U.S business entities. The intelligence have been mandated to find the perpetrators of this unfortunate event. Some American agencies have come out pointing fingers at Russia alleging the attack was carried out by a […]

President Putin Signs Law Which Will Require Foreign IT Firms to Open Offices in Russia

On July 1, Russia’s President Vladamir Putin signed a bill which will require foreign IT companies to open offices in Russia into law. This clearly means that any information and technology company which wants to operate in the European nation will have to set up offices in Russia’s territory first. This new development has already […]

Mexico’s President to Respect Court Order Directing Legalization of Recreational Marijuana

The President of Mexico Andres Manuel Lopez, has pledged to abide by a court order directing the government and legislators to legalize recreational use of Marijuana in the country. The President however said, he has opened a door for a public referendum on the matter. Earlier in the week, Mexico’s Supreme Court ruled in favor […]

Ireland Contemplating if to Only Allow Those Vaccinated Drink Inside Pubs and Restaurants

Ireland is deciding whether it should only allow those vaccinated have drinks inside pubs and restaurants. The government of Ireland says that it will be holding cabinet meetings to deliberate on this. Ireland’s minister of transport Eamon Ryan, while addressing to journalists said that the government is considering a recommendation from the National Public Health […]

Johnson & Johnson to Pay $230M in Opioid Settlements in New York

United States bases pharmaceutical company which also manufactures medical devices Johnson & Johnson (JNJ) will be paying a whopping $230 million to settle claims that it catalyzed an opioid epidemic in the state of New York and two of its largest counties Nassau and Suffolk. This settlement payment automatically erases the company from a jury […]