Charges that Johnson & Johnson had fuelled an opioid epidemic in New York state and in two of its largest counties would be settled by the company for an amount of $263, the company said on Saturday.   With this out of court settlement, the company will be able to remove itself from a...

Diesel powered cars would be banned by 20203 while petrol cars would be phased out completely by 20356 in the Brussels region, announced the regional government on Friday. It said that this was aimed to meet the carbon neutrality target of the European Union by 2050.   Vehicles running on...

The cloud computing business of Amazon - Amazon Web Services (AWS) has acquired the encrypted messaging platform Wickr as the company ventures into the encrypted messaging business segment.   Wickr has primarily engaged in providing services to government and military groups and enterprises...

Following the footsteps of the Chinese home appliance company Hisense, three other Chinese firms have struck partnerships for sponsoring the Euro 2020 this year. Hisense was the first Chinese sponsor for the UEFA European soccer championship in 2016.   The Chinese companies sponsoring this...

With the Japanese conglomerate Panasonic Corp seeking to reduce its dependence on the United State based electric car maker Tesla, the Japanese firm sold its stake in the US car maker for about 400 billion yen ($3.61 billion) in the year ended March, according to a spokesperson of the Japanese...

Doximity, known as the contact network for healthcare professionals, pumped its market value in its first trading day on the stock exchange. The company raised about $500mln during its IPO and closed with a market capitalisation of $9.4bn. Doximity, the U.S.-based company that has developed an app...

Visa has announced the purchase of Swedish fintech platform Tink. The deal will be valued at €1.8bn. Visa is buying the startup at a price significantly higher than its valuation in its last round of funding in December 2020, when it was valued at €680 million. Visa intends to retain the Tink...

A distinction between non-fungible tokens (NFTs) available on its platforms and cryptocurrencies was sought to be drawn by China's Ant Group amidst a crackdown on cryptocurrencies by Chinese authorities following confusion over the latest regulatory directions and advice over trading in...

The Bank for International Settlements (BIS) said it fully supports the efforts of nations around the world to develop central bank digital currencies and the need to modernise financial systems, Reuters wrote. The BIS, known as the "central bank of central banks", helps regulators coordinate...