Inside News USA

In  a  deal  with  the  US  authorities,  Oracle  will  pay  $23  million  for  bribery  schemes  that  were  allegedly  carried  out  for  nearly  three  years  by  foreign  firm  sales  reps  and  partners. According  to  the  U.S.  Securities  and  Exchange  Commission,  this  is  the  second  time  the  Austin,  Texas-based  database  services  and  cloud  vendor  has  been  discovered  creating  slush  funds  abroad.  The  fresh  accusations  relate  to  fraud  operations  carried  out  by  Oracle's  affiliates  in  India,  the  United  Arab  Emirates,  and  Turkey. The  SEC's  findings,  ...

South Korean battery maker LG and Japanese automaker Honda are joining hands for a $4.4 billion joint venture in USA to produce Lithium-ion battery Honda electric vehicles as announced by the two companied. image: wikimedia commons Location of the plant is not yet decided.Construction will begin in 2023 and mass production in 2025. “Our joint venture with Honda, which has significant brand reputation, is yet another milestone in our mid- to long-term strategy of promoting electrification in the fast-growing North American market,” as per LG Energy Solution Chief Executive Youngsoo Kwon. “Honda is working toward our target to realize carbon neutrality for all products and corporate activities the company is involved in by 2050,” announced Honda Chief Executive Toshihiro Mibe. Honda is working seriously towards electric vehicle development with partners like GM.