Tags: Business
Cornwall Ranked Second In Digital Community Growth, Refered to as The California of The UK
The England’s county of Cornwall is being reported to have substantial growing tech community as it ranks second for growth in the UK. The region is still striving to achieve better growth with the improvement of funding and workers’ skills.
Financial Report: Soundcloud Reported Prolonged Losses, With 2014 Loss of $44 Million
Soundcloud's financial report revealed that the company is experiencing significant loss in 2014, and the losses had started from several years before. The 2014 loss was due to large expenses, even though Soundcloud's revenue actually experienced a growth. The company expects to face losses for the next three years, but they are striving to plan strategies to increase income.
Iran Sanctions Lifted: PSA Peugeot Citroen Will Pay $446 Million in Compensation to Get Back to Iran's Markets
Peugeot suspended sales from Iran in 2012 following nuclear sanctions expansion to the automobile sector. Now that the sanctions are lifted, Peugeot immediately strives to reinstate partnership to come back to the markets that cost it 10 percent of global deliveries when the sales are suspended. It costs Peugeot $446 million in form of compensation and services.
Foreign Franchise: IKEA Lost Its Trademark in Indonesia After a Dispute With Local Furniture Company
The case was brought to Central Jakarta District Court in 2014, and the decision was ruled by the court last year. The plaintiff made the case by presenting the Indonesian trademark law which stated that a trademark could be deleted if the company had not used the name for commercial purposes in three years after registration or after the last use.