Another lawsuit has been filed against the crypto-currency start-up Ripple Labs in California. The plaintiff David Oconer demands to recognize the crypto currency XRP as a security. This will mean that the blockchain project is in violation of the law, since it did not register these assets. The...

The manufacturer of smartphones HTC plans to cut about a quarter of the staff at the expense of the production unit in Taiwan. The company is going to do this to optimize costs against the background of the fight against falling sales. HTC has long and deeply mired in losses, and revenue has been...

BP’s petrol stations in Britain to incorporate “rapid charging network” for electric vehicles. BP, a major energy player in Britain, has bought over “largest electric vehicle charging firm” of the country, whereby betting on the EV market’s boom in the coming years.   In fact, similar moves...

A call to legalise cannabis was given by Margaret Thatcher’s favourite free-market thinktank which argued that such a move would potentially save over £1bn generated from extra taxes and other savings in public services.   According to the Institute of Economic Affairs (IEA), last year,...

A provincial government in India imposed a ban on single use plastic last week and now multinational companies such as Amazon Inc and H&M are trying opt convince the authorities to soften the ban.   For companies that depend on plastic for packaging such as retailers, beverage makers and...

Signs that Tesla is in production frenzy to meet its end-June forecast became evident after a Panasonic Corp official warned of occasional battery cell shortages. Tesla has been attempting to increase production of its Model 3 cars following earlier delays.   There however has been...

The UK's competition watchdog has said the process of ranking and displaying rooms needs to be reviewed by hotel booking sites.   The Competition and Markets Authority said that misleading claims about discounts are possibly being made by some sites.   The authority is also examining...

The German pharmaceutical company Stada, specializing in the production of generics, announced acquisition of rights for Nizoral dandruff shampoo in the EMEA region. However, the company’s head Claudio Albrecht did not rule out a possibility of new acquisitions in the near future. Janssen...

Facebook has announced that the policy of banning of advertisements related to financial products and services associated with cryptocurrency is being rethought to be eased. The ban was imposed by the largest social media platform of the world in January this year. the announcement was made by...