The Federal Union for Consumer Protection (Verbraucherzentrale Bundesverbands, Vzbv) of Germany and the German automobile club ADAC intend to file a collective claim in November against the Volkswagen concern in connection with the diesel scandal and demand compensation for the buyers. Such a...

Lawmakers around the world are discussing general regulatory framework for crypto-currency assets, so crypto lobbyists are interested in joining this process and influencing development of new laws governing crypto-currency activities. So, a number of blockchain funds, stock exchanges and start-ups...

The financial position of Taiwanese smartphone and tablet HTC keeps deteriorating. The fall in annual terms was at the level of $ 54. Last month, the company reported revenues of approximately 1.39 billion Taiwan dollars ($ 45.2 million). Only 0.77% were missing to hit the result of July, but in...

After Britain's withdrawal from the EU, London will cease to be the financial capital of the European Union. Which city will take its place: Paris or Frankfurt am Main? Which city will become the financial capital of Europe instead of London after the UK withdraws from the European Union? At least...

China coffee market is set to witness a fight of the titans because tow of the country’s largest tech firms is entering the fray to take advantage of the growing Chinese appetite for coffee.    The setting up of a partnership between Chinese coffee start-up Luckin and the Chinese social...

IBM believes that every business - from shipping to banking, would be changed significantly because of blockchain technology and the tech company wants to put its bet on this.   Industry watchers say it's a risky move, given the relative novelty of the technology and the hype...

Chinese conglomerate China's HNA Group Co., the largest investor of Deutsche Bank AG, is planning to abandon its stake in the German bank. This is reported by The Wall Street Journal and Bloomberg, citing sources familiar with the situation. According to the latest data, HNA owns a 7.6% stake in...

According to the research company International Data Corporation (IDC), sales in the world market of portable devices reached 27.9 million units in the second quarter of 2018, which is 5.5% more than in the same period in 2017. In dollar terms, the market grew by 8.3% and amounted to $ 4.8 billion....

A large number of compensation claims was the primary reason that the payday lender of the UK, Wonga, collapsed and has been sent into administration, the company had become notorious for its extortionate interest rates and was considered to be a symbol of Britain’s household debt crisis.  ...