South Korea imposed fine on Facebook

The South Korean privacy watchdog (PIPC) has imposed an ridiculously low fine on Facebook for providing users' personal information to companies. According to the data protector, the data of at least 3.3 million local Facebook users would…

Shell will gradually close Convent refinery

Shell will soon gradually close its refinery in Convent in the U.S. State of Louisiana. Earlier this month, the oil and gas group announced their intention to close the site after no oil was found for the refinery. According to Shell, no…

Phoenix approves the TSMC fab in Arizona

Authorities of Phoenix city in the state of Arizona have given the go-ahead for the construction of a large chip factory by Taiwanese TSMC worth $ 12 billion. Phoenix is contributing $ 200 million to the development of necessary…

Bayer settlement on PCB hangs on a cliff

The arrangement of the German chemical group Bayer with 2,500 American cities in a case on environmental pollution with the chemical polychlorinated biphenyl, also known as PCBs, is in doubt. A number of US states are concerned about a…