Social media giant, Facebook has reportedly been charged for losing control of the data of over a million users in Wales and England. The alleged discrepancies were revealed during the Cambridge Analytica scandal, in which the harvested data was utilized for advertisements during elections. Journalist Peter Jukes who is leading the action has apparently claimed that his data was compromised. Facebook in this regard has stated that there was no evidence about the data of the UK or EU users was transferred to Cambridge Analytica. However, t

Japanese multinational conglomerate SoftBank Group Corporation has reportedly ridden red-hot stock markets to make a substantial quarterly profit, majorly on the back of the investment gains at its Vision Fund, valued $100 billion, as well as its successor worth $10 billion. The company recently stated that it recorded a net profit of ¥1.17 trillion (approx. $11 billion), on investment gains of ¥1.77 trillion during the quarter ending December 31. It also added that around 80% of the gains were due to the excellent performance at Vision Funds 1 and 2.

Online fashion retail major Boohoo has reportedly purchased Dorothy Perkins, Burton, as well as Wallis brands for from Sir Philip Greens retail group, Arcadia, in a deal worth £25.2 million. Arcadia had fallen into administration last year after COVID-19 lockdowns severely impacted its business. Meanwhile, according to reliable reports, the deal comprises only of the brands and online businesses and excludes the 214 shops as well as 2,450 employees working in them. The three brands’ stores would close permanently following the completion of the deal, leading to t

The need for energy efficient space heating and on-demand water heating solutions are driving new developments in the residential boiler industry. The changing lifestyles of consumers have increased the demand for these solutions significantly. Residential boiler systems are used to heat water inside a tank which then supplies either steam or hot water that flow through radiators and pipes to provide warmth. These systems are extremely handy for people living in cold weather conditions. Concerns regarding greenhouse gas emissions and the

Amidst ongoing emergence of different COVID-19 vaccinations worldwide, scientist have reportedly discovered that the early trials of the vaccine developed by University of Oxford and leading pharmaceutical company AstraZeneca provides "minimal protection" from mild disease caused by the South Africa variant. For the record, the variant, also known as 501.V2 or B.1.351, is already the dominant virus variant across major parts of South Africa. Consequently, South Africa has decided to put a temporary hold on the rollout of Oxford vaccine till scientist advise on the

Texas-based leading airline company American Airlines Inc. has announced that it might lay off around 13,000 employee jobs following the expiry of the United States aid package on 1st April 2021. The company has blamed the slow vaccine rollouts as well as new international travel restrictions for reducing the airline demand. The recent development comes after a weak outlook for travel demand amidst the mounting COVID-19 cases across the globe as well as introduction of stringent travel regulations. It is worth mentioning that American Air

The Oxford University, funded by the UK government vaccine taskforce, is reportedly seeking volunteers that are willing to participate in the world’s first clinical trial to assess the viability of giving people different doses of the coronavirus vaccine, wherein the first dose is of one vaccine and the second dose of another. The new trial has been hailed by ministers in UK as “hugely important”. The trial will enroll over 820 individuals aged above 50 years who have yet to receive a vaccine. The participants would receive a first jab of either of the Pfiz

Leading electric vehicle and clean energy company Tesla is reportedly recalling numerous Model S and Model X cars in the US owing to failing touchscreens. According to regulators, these touchscreen faults could increase the risk of crashes. According to credible sources, the National Highway Traffic Safety Administration (NHTSA) sent a letter to Tesla requesting the recall in January. However, the company did not respond at the time. But now, drivers of affected cars, namely Model S sedans manufactured from 2012 to 2018 and Model X SUVs m

Buy now, pay later companies like Klarna will reportedly face stringent regulatory controls in the United Kingdom amid growing government fears concerning the debt of young consumers. Offered by major retailers, these services are utilized by millions of shoppers as they enable customers to split payments without paying interest. According to the Financial Conduct Authority (FCA), this would make it easy to build up unseen debts amounting to £1,000. As per the Head of the FCA review recommending regulation, Chris Woolard, even though buy now, pay later was suitable for