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Saturday, January 23, 2021

Samsung heir jailed in South Korea for bribery

A high court in South Korea has handed out a two years and six months prison term to Samsung heir Lee Jae Yong. The bribery case, which is a retrial of an early one that involved ex-president Park Geun-hye saw also, her being jailed for bribery and corruption. Lee has been the de facto head […]

Trump targets more Chinese companies with further sanctions in final few days at the White House

Donald Trump has taken a final swipe at China and its biggest companies, imposing more sanctions and investment bans in his last days of office. Nine Chinese firms have been added to the Pentagon’s blacklist of alleged ties to the Chinese military, including phone maker Xiaomi. Mr Trump has ramped up action against a host […]

Business Secretary rubbishes newspapers claims over the dilution of workers’ rights

Business Secretary Kwasi Kwarteng has denied reports that his department is planning to dilute UK workers’ rights. It comes after the Financial Times said some protections brought in under EU law – such as the 48-hour limit on the working week – could be scrapped. New rules on rest breaks and changes to how holiday […]

Bentley Motors order to destroy clothing with logo of competing Bentley Clothing in the UK

Luxury car manufacturer Bentley has been ordered to destroy a range of clothing merchandise. This after losing a trademark dispute with a fashion company based in Manchester England. In 2019, the High Court ruled Bentley Motors had infringed the trademark of Manchester-based Bentley Clothing. That ment Bentley Motors could not use the name on its UK […]

Major German freight giant halt deliveries to the UK

A top German logistics company has become the latest firm to suspend deliveries to the UK because of increased paperwork following Brexit. DB Schenker, owned by national rail firm Deutsche Bahn, said that for the time being, it was not accepting new UK-bound consignments. “Enormous bureaucratic regulations” linked to post-Brexit trading arrangements were to blame, […]

Germany latest country to reveal contraction to its economy due to the Coronavirus

Widely expected by many observers, official figures have shown that the German economy has contracted up to 5% in 2020. This is as a result of the Coronavirus. Germany is the latest country to reveal the extent of the damage of the pandemic joining the UK, the US, China, France and others. The national statistics […]

Uighur spotting tech mentioned in Huawei patent filing

A Huawei patent has been brought to light for a system that identifies people who appear to be of Uighur origin among images of pedestrians. The filing is one of several of its kind involving leading Chinese technology companies, discovered by a US research company and shared with BBC News. Huawei had previously said none […]

Amazon becomes latest to boycott social media networking app Parler

Parler has hit back after Amazon pulled support for its so-called “free speech” social network. Parler is suing the tech giant, accusing it of breaking anti-trust laws by removing it. Parler had been reliant on the tech giant’s Amazon Web Services (AWS) cloud computing service to provide its alternative to Twitter. The platform was popular among […]

Chancellor Sunak warns that the UK’s economy will get worse before it gets better

Chancellor Rishi Sunak has warned that the UK’s economy will get worse before it gets better as the country continues to battle the global pandemic. Although there have been widespread oppositions to the new restrictions, he told MPs they were necessary. This despite the government offering economy support to those adversely affected. Fiscal stimulus provided […]

Chinese new law aims to fight Trump’s sanctions

China is pushing back against a flurry of US sanctions with new rules that protect its firms from “unjustified” foreign laws. Changes announced over the weekend allow Chinese courts to punish companies that comply with such restrictions. US President Donald Trump has continued to target Chinese companies he believes are a threat to US national […]