Author: News Desk

Australia: Fitbit, a Google-owned company that makes fitness technology, has been taken to the Federal Court on charges that it deceived Australians about their access to refunds. According to the Australian Competition and Consumer Commission, Fitbit sold malfunctioning wearable fitness trackers over the last two years to at least 58 of its customers, making false or misleading statements to them. Customers are believed to have been informed by the Google-owned business that they would not be eligible for a refund unless they returned a defective item within 45 days of purchase or shipment between May 2020 and February 2022. The…

New York, US: Global banks supporting Tesla CEO, Mr. Elon Musk’s acquisition of the microblogging site, Twitter are holding off from selling debts to investors as the social media platform’s prospects related to profits and losses remain uncertain, sources revealed. The banks, reportedly, do not intend to syndicate the debt and are interested in keeping it on their balance sheet until there is improved investor interest. Leading banks such as Barclays, Morgan Stanley, and Bank of America, who are associated with the deal have remained tight-lipped on the matter. Representatives of Mr. Musk as well as Twitter have also avoided…

Sydney, Australia: Japanese Prime Minister Mr. Fumio Kishida and his Australian counterpart, Mr. Anthony Albanese have agreed to strengthen their bilateral security ties as China looks to exert more control in the Asia-Pacific. As a response to the drastically changing regional security environment, the two countries signed a security cooperation agreement at the annual Australia-Japan Leaders’ Meeting, amending a 2007 pact. “The level of interaction which we have reflects very much the special strategic partnership that Australia and Japan have. We two countries really matter to each other now more than ever,” Mr. Albanese remarked. The topics of climate change and…