Ikea Loses Name Trademark Dispute To Indonesian Rattan Furniture Company
The Swedish furniture giant trademarked its name in Indonesia in 2010 and opened its first, and only, store in the country in 2014, near the capital, Jakarta.
Taser’s Electric Shock Causes Dementia-Like Symptoms, Undermines Police Interrogations, Study Says
The shocks caused short-term cognitive declines in some test subjects, calling into question the use of Taser stun guns by law enforcement.
ArcelorMittal, World’s Largest Steelmaker, Posts $7.9B Loss For 2015
The world’s largest steelmaker, hit by falling prices and excess capacity in China, also warned on Friday that 2016 will be a difficult year.
Faulty Air Bags: Continental Automotive Wants 5M Vehicles Recalled To Replace Control Units
Defective air bag control units, affecting less than 2 million vehicles in the U.S., have a power supply component that may corrode, the company said.
Volkswagen Emissions Scandal Impact Continues, UK January Sales Down 14%
The German automaker, paying the price for its emissions-cheating scandal, saw sales in Britain dip for a fourth consecutive month.
Ahead Of Super Bowl, Instagram Allows 60-Second Video Ads
Users of the image- and video-sharing service are allowed to post videos with a maximum length of 15 seconds.
Russian Privatization Open To Foreign Investments As Sanctions, Oil Price Batter Economy
The Kremlin’s move was prompted by the combination of Western sanctions, the low price of crude oil and a slumping economy.
Germany Unemployment Rate At Record Low, Euro-Area Jobless Rate At 5-Year Low
The overall unemployment rate in the eurozone fell to a five-year low in December, the EU’s statistics office Eurostat announced Tuesday.
BP Posts Record Loss Of $6.4B In 2015 Due To Low Oil Price, Stock Plummets
Hit by multiyear low crude oil prices, the oil giant’s upstream sector performed poorly, and its shares took a big hit Tuesday.
Former Yahoo Employee Files Lawsuit Against Company’s Performance Rating System
A former employee said the company’s performance ranking system was manipulated to justify firing hundreds of people.
Brexit: EU Member Countries To Get More Powers To Block Unwanted Laws; EU Releases Draft Proposal
A draft proposal was unveiled Tuesday to keep Britain from leaving the 28-member European Union. British Prime Minister David Cameron said it was real progress.
Most Asian Stocks Still High On Bank Of Japan Stimulus, China Hit By Factory Sector Slowdown
Markets in China tumbled the most among global benchmark indexes this year, and extended their steepest monthly sell-off since the 2008 financial crisis.
Cuba Announces Pilot Project To Bring Broadband Internet Into Homes
At present, the only legal home broadband connections in Cuba are with diplomats and employees of foreign companies.
Chinese Ponzi Scheme: Online Finance Company Ezubao Cheated Nearly 1M Investors Of $7.6B
Online peer-to-peer lender Ezubao, the country’s largest online financial business, was accused of running a scam that duped almost 900,000 investors.
Iran, Israel Could Ratify Nuclear Test Ban Treaty, UN Official Says
Ratification of the Comprehensive Nuclear-Test-Ban Treaty by the two countries could pave the way for five more to follow, a senior U.N. official said.
French Economy Grew By 0.2% During Q4, Hit By Paris Terror Attacks
The November terror attacks in Paris affected domestic consumption and tourism-related activities, analysts said.
Is North Korea Preparing For A Space Launch? Or Is It A Cover For Another Missile Test?
Recent satellite images showed increased activity at a missile site, indicating a space launch may be in the works, U.S. officials reportedly said.
Rouhani In France: Iran Signs $430M Deal With Peugeot; To Buy Over 100 Airbus Planes
Iranian President Hassan Rouhani is in Paris to build on the business agreements worth about $18.5 billion that it already signed in Italy.
US University Donations Cross $40B For The First Time, Stanford Gets Most Money
The country’s richest universities have continued to attract a disproportionate share of charity.
Google Granted Patent For Drone Delivery Mobile Receptacle, Project Wing Gets Boost?
Using infrared communication, the device will allow for safer deliveries than conventional methods, the company said.
Strikes In France Disrupt Road, Air Traffic, Teachers And Civil Servants Join Protest
Many civil servants also participated in a big strike Tuesday to protest their shrinking purchasing power.
Huntington Bancshares Acquires Ohio Rival FirstMerit For $3.4B
The merger of the two Ohio-based lenders will create a company with about $100 billion in assets.
Donald Rumsfeld Launches App To Play Solitaire, As Played By Winston Churchill
The game is different from the regular version of Solitaire, and was the preferred version played by Winston Churchill.
Ford To Shut Japan, Indonesia Operations Citing Lack Of Profitability
The automobile manufacturer will reportedly close all operations in the two Asian countries by the end of this year.
Bill Gates, British Government Set Up $4.3B Fund To Fight Malaria
The Microsoft founder and the British government began a partnership for research into the mosquito-borne disease in November 2015.
French Businesses To Invest $10B In India Over 5 Years, Minister Says
India reportedly also agreed Monday to buy 36 Rafale fighter planes from France’s Dassault Aviation.
Cold Wave In East Asia Kills Over 50, Tens Of Thousands Stranded
Thousands of tourists were also reported stranded in South Korea as temperatures fell to record lows across East Asia.
Malaysian Airlines Flight MH370 Search Team Loses Sonar Detector Used To Map Seabed
The search and recovery operation for the missing Malaysian Airlines jet, led by Australia, is likely to end in June this year.
Blue Origin, Jeff Bezos’ Space Venture, Successfully Re-Flies And Lands New Shepard Rocket
The space transportation company, owned by Amazon founder Jeff Bezos, reused the same rocket that was successfully tested in November.
Chinese President Xi Jinping In Iran On Last Leg Of Middle East Tour
The Chinese president was the first international leader to visit Tehran after Western sanctions on Iran were lifted Jan. 16.