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South Korea court suspends jail term for Samsung's heir
A South Korean appeals court has on Monday, suspended the jail sentence on Samsung Group heir Jay Y. Lee, setting him free. Following a corruption scandal that led to the removal of the former presid…
Amazon posts historic profit on its sales
Online retailer, Amazon.com Inc, has reported the biggest profit in its history. The company boasted of $2 billion in profits, as millions of new customers used its Prime fast-shipping club during th…
Facebook's 2017 reports reveals unusual decline in usage
Facebook's Chief executive Mark Zuckerberg called 2017 a strong year but "also a hard one". The social network reported better than expected results despite the changes it made, following increased s…
Apple confirms that illegal labour was involved in iPhone X production plant
- Apple confirms that illegal labour was involved in iPhone X production plant.- The students voluntarily worked overtime but were paid all their benefits and wages.- It is against Apple's policy for…
HSBC to spend $300 million in Brexit relocation costs
- HSBC to spend $300 million in Brexit relocation costs.- Aiming to move around 1000 jobs to Paris.- Already spend $12 million in consultation and legal fees in preparation for Brexit.HSBC Banking gr…
Uber appoints Laurel Powers-Freeling as first ever UK Chairman
- Uber appoints Laurel Powers-Freeling as first ever UK Chairman.- Still battling to retain license in London.- Powers-Freeling is delighted and looking forward to working with the team.Uber has appo…
Transport for London will fight off Uber's appeal in court
- Transport for London will fight off Uber's appeal in court.- Uber can continue to operate until the appeal has been reviewed.- The cab booking company seeking to make amends rather than fight back.…
Britain considering joining NAFTA as EU trade deal looks unlikely
- Britain considering joining NAFTA as EU trade deal looks unlikely.- U.S. is biggest single destination for British exports.- The EU is Britain's biggest single export market.According to the Daily …
Nissan to recall 1.2 million cars sold in Japan over the past three years
- Nissan to recall 1.2 million cars sold in Japan over the past three years.- The affected cars did not undergo final checks by authorised technicians before they were sold.- Recall to cost around $2…
Uber attends employment tribunal in Britain to argue drivers are self employed
- Uber attends employment tribunal in Britain to argue drivers are self employed.- Aims to appoint a UK Chairman to stengthen its British position.- Still battling its license renewal with TFLLess th…
China cracks down on cryptocurrencies ICOs, Bitcoin may be disrupted
- China cracks down on initial coin offerings.- Aims to curb illegal fundraising through unregulated financial instruments.-Regulators have had to step in to prevent further cryptocurrency chaos.The …
JP Morgan Chief Executive says Bitcoin is a fraud
- The bitcoin is a fraud, says Jamie Dimon- "You can't invent a currency out of thin air and think that the buyers are really smart.- It may take a while but the Bitcoin will eventually blow up.- Dim…
26 Ponzi Scheme operators sent to jail in China over $7.6 bn fraud
- 26 individuals including two senior executives jailed for involvement in ponzi scheme.- China's biggest ponzi scheme ever.- 900,000 investors participated and lost $7.6 billion between 2014 and 201…
McDonald's UK staff protest poor salaries, engage in first ever strike
- Staff lament zero hour contracts and poor wages.- Complain about lack of union rights.Following years of receiving wages just around the standard minimum wage, a group of McDonald's UK staff have e…
Bank of America confirms Warren Buffett as Major Shareholder
- Buffett's firm now a major shareholder in Bank of America.- Also a major investor in Wells Fargo.World famous American Billionaire and Philantrophist, Warren Buffett's firm Berkshire Hathaway has j…
NAFDAC Apprehends Three Men trying to steal Boxes of Spaghetti
- Men try to steal unwholsesome boxes of spaghetti marked for destruction.- Arrested by policemen attached to NAFDAC.The National Agency for Food and Drug Administration Control (NAFDAC) has disclose…
Dangote Looking to take over US and Europe with $20 Billion Investment
- 60% of Dangote investments from 2020 would be beyond Africa.- Interested in exploring renewable energy and petrochemicals.- Aiming opportunities in the US and Europe.- Not interested in Politics an…
44,000 Companies Dissolved by CAC - Registrar General
- 44,000 companies delisted from CAC database.- Most of these companies failed to file returns even after several notification letters from CAC.The Corporate Affairs Commission (CAC) has recently del…
Lagos State set to roll out first set of 5,000 new commercial buses in six months
- Lagos set to replace danfo with brand new buses.- Acknowledges the challenges of urban migration and its impact on infrastructure.- Emphasises on the need to think outside the box in developing sol…