In the wake of Samsung’s massive, confusing recall of Galaxy Note 7 devices that could smoke, catch fire, and explode, consumers around the world are drawing attention to similar issues with other smartphones, including some battery fires with iPhones in China. However, Apple contends that these thermal incidents have nothing to do with the design of its signature phone. [More]
If you were worried you wouldn’t be able to score your customary morning cup of coffee from Starbucks whilst traipsing around the world, worry not: The coffee giant unveiled plans to add 12,000 more stores globally by 2021. [More]
“Dongguan Qing Xi Juantiway Plastic Factory” isn’t a household name, but you’d probably recognize the products it made for the world’s largest entertainment company: the factory was one of thousands making official products featuring Disney characters. [More]
JPMorgan Chase To Pay $264M To Settle Corruption Allegations For Hiring Friends, Family Of Government Officials
Over a period of seven years, JPMorgan Chase hired or gave internships to around 200 individuals, not because they were the best people for their positions (they often weren’t), but at the request of foreign government officials and clients. That practice, alleged U.S. regulators, was a violation of federal law. Now Chase has agreed to pay a total of more than $264 million to settle these allegations of nepotism-gone-too-far. [More]
The Galaxy Note 7 has been plagued by reports of fires and explosions almost since the day it launched. After a few tumultuous weeks and a “product exchange,” the phone finally received an official safety recall on Sept. 15. But Samsung’s been making smartphones for a while now. The previous iterations of the Galaxy Note, and the company’s other popular series, the Galaxy S, generally do not explode. So how did they blow it so badly on this one? [More]
When ordering a product from another country, say, China, you might expect to wait a few weeks or even a month for the product to show up on your doorstep. If you order from Amazon, it’ll arrive in five days. Or at least that’s the new deadline the e-commerce giant has recently given the makers and suppliers of small items. [More]
For almost every part in the iPhone, Apple has another supplier lined up and ready to go. That’s a good practice in case anything goes wrong, and also to give the company negotiating power when it wants to cut costs. Apple is putting that backup plan into action now, as suppliers say that the company is out to lower its cost on parts as smartphone sales have slowed down. [More]
Once again, high-end electric car maker Tesla is in the spotlight following a crash by a driver who was using the company’s “Autopilot” feature. However, the company says the driver was taking the term “autopilot” too literally. [More]
It’s easy to think of Uber as belonging squarely American millennials, but the ride-hailing app, and the ecosystem attached to it, are truly global enterprises. The service operates and competes in dozens of nations worldwide… except with one less, now that it’s having to give up on one of the most populated countries on Earth.
The final country that needed to weigh in on the mega-merger of beer giants SABMiller and Anheuser-Busch InBev has given its blessing to the sudsy nuptials. This morning, Chinese regulators approved the deal, effectively clearing the road for the acquisition to move forward. [More]
Have you ever heard of LeEco? Most people in this country hadn’t until today, when we learned that familiar television brand Vizio announced that it’s been acquired by the brand. The deal may mean more streaming content bundled in smart TV sets, and the spin-off of a separate company dedicated to mining data about what customers watch. [More]
Swedish home-goods merchant IKEA is a global retailer, which unites all of humanity in having the exact same dressers in our bedrooms. While the Malm and other dressers that are especially prone to toppling over were recalled in the United States and Canada, the company sold the products in its stores all over the world, and they weren’t recalled in other markets, notably the European Union and or China. Now, after two weeks of state-controlled media fuss, IKEA in China has recalled the dressers. [More]
Many of the most common household brand names in America are not American companies, and that’s been true for decades. When it comes to technological innovation especially — from cars to phones and every appliance in between — we’ve become used to huge numbers of goods coming from countries in Asia.
Chinese online retail giant Alibaba Group seems to want to have it both ways with low-cost knockoff products — simultaneously offering a popular portal for sellers of these lookalike items to reach the world and claiming to be actively cracking down on the sale of these same products. The company’s founder now says one the reasons it can’t just shut off this pipeline of too-similar brand-name apparel and tech products is that these China-made items are now just as good or better than the more expensive products they imitate. [More]