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Articles tagged with: global economy

Euro Parliament Votes In Favor Of Ecommerce Buyer Protection

The European Parliament has recently approved new rules for online shopping. European buyers now have the right to change their minds about an online purchase within two weeks of receiving the goods. The new laws also outlaw the use of pre-ticked boxes on retail websites.

The new laws were swept with approval by a 615 in favor and a 16 against. The previous rules governing ecommerce in Europe, poorly protected its citizens and resulted in 7% of Internet users engaging in online purchases.

Anonymous Hackers Demand Federal Reserve Chair To Resign

If you’ve kept up with news, you’ll know that despite the arrests made towards the Anonymous Hacking group, they’ve successfully hacked many websites, from Sony databases, to Nintendo, to PBS, from America to India, they have proven their skills.

After seeing the type of damage the Anonymous Hacking group is capable of with the tragic Sony attacks, the Federal Reserve has good reason the be worried. The group of hackers request that Ben Bernanke, the Federal Reserve’s chairman, step down.

Samsung Working On Groundbreaking LCD Technology?

Samsung held a ceremony in Suzhou, China for its new 7.5 generation fabrication facility. The factory will be setup by Samsung Suzhou LCD (SSL), a joint venture between Samsung and Suzhou Industrial Park. TCL Corporation will invest about $3 billion USD in the project. The 600K square feet fabrication line will begin mass producing panels by the second quarter of 2013.

The factory will produce 100,000 glass substrates (1950 x 2250mm) per month. This factory will be the largest advanced LCD production factory in China. The fabrication facility will include materials, component suppliers, LCD panel, and module production and distribution.