The president of Mitsubishi Motors Corp (7211.T) said Japan, SouthEast Asia and Russia will become the automaker's principal production hubs after it calls time on making cars in the United States later this year because of dwindling output there.
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CFPB fines Citibank for illegal credit card practices
Citigroup's consumer bank has been fined to pay $700milion for its illegal credit card practices. The US Consumer Financial Protection Bureau (CFPB) has observed that Citibank's seven million customer accounts have been charged with misrepresenting costs fees. The consumer finance watchdog has also said that customers were charged for services not rendered to them. CFPB further notes that customers were affected by Citibank's deceptive marketing practices.
Disruptive Legislation: France re-examines taxi law amid Uber's rise
France is rethinking its taxi laws with the rising demand for Uber and other online ride-hailing services. France's Economy Minister Emmanuel Macron says key players are meeting next month to re-examine the industry's economic model.
Google offered $200 to $300M to Impossible Foods for plant-based cheeseburgers
Google offered $200 to $300 million to acquire Impossible Foods, a startup business, developing plant-based meat and dairy products. The company that wanted to beat the meat industry didn't agree on the price.
BT launches Ultra HD subscription package
UK telecommunications provider BT has launched an all-new premium entertainment package using the telco's new set-top box.
Latest News
Concerns over China dominated financial markets on Monday, with the biggest fall in Shanghai shares in eight years driving stock markets and prices of major commodities lower across the board.
The China Securities Financial Corporation (CSFC) has returned ahead of schedule some of the funds it borrowed from commercial banks to stabilize the stock market, three people in the banking industry with direct knowledge told Reuters.
Teva Pharmaceutical Industries has agreed to buy Allergan Plc's generic drugs business for $40.5 billion in a cash and stock deal that will turn the Israeli company into one of the world's largest pharmaceutical firms.
Apple and Nike will reportedly settle the claim filed two years ago over a misleading ad about the exact capability of Nike+ FuelBand, offering either $15 cash or $25 gift cards on its stores in the U.S. and Puerto Rico.
Compared to their iOS counterparts, Developers in the Mac App Store are making significantly less money and feels like they are treated like second class citizens in the world of Apple. This is bad news for developers and consumers alike.
U.S. authorities dig deeper into the alleged FIFA financial fiasco, contacting more than half a dozen banks associated to the football corruption scandal.
While the company has yet to release an official statement or at least a preview, multiple sources have begun sharing photos of what is believed to be the new Moto X, which features a screen of either 5.2- or 5.5-inch size and more advanced hardware.
The company Gogoro will start shipping preordered Gogoro Smart Scooter in Taipei. The Taiwanese company started to accept orders on June 27 adding up Gogoro Plus, Gogoro's newest series in silver, blue, orange and yellow. The basic model costs $4000 while Gogoro Plus costs $4300.
Tim Cook, Apple's CEO was spotted visiting the BMW's production area in Leipzig, Germany. There are rumors that Apple is planning to develop its own car based on BMW's i3 technology given that Apple is working out on Project Titan.
