Although its share prices surged by 3.8% on Monday, they are still down by 40% from their April 2018 levels. On Monday, following the removal of measures from a defense bill by U.S. lawmakers that would have reinstalled sanction on China’s ZTE Corp, shares of the telecommunications equipment maker surged by 3.8% in Hong Kong.…
The Chinese facial recognition startup has attracted loads of investor attention so far this year. On Friday, as per a Bloomberg report, SoftBank Group Corp’s Vision Fund intends to invest nearly $1 billion in Chinese facial recognition startup, SenseTime Group Ltd. SoftBank’s Vision Fund and SenseTime are finalizing the terms of the deal and the…
Once the Trump Administration’s $200 billion tariff list, which currently is in the public comment period, comes into play, U.S. consumers are likely to see a price hike in consumer goods that are assembled in China. According to U.S. government’s rulings on tariffs, the latest round of trade tariffs on $200 billion of Chinese imports…
Of the 250 banks that earlier allowed companies to transact in cryptocurrencies, only two are active. While much of the business has gone to Liechtenstein, Swiss authorities are bent on taking back the crown. Regulators in Switzerland are stepping up their efforts to halt the exodus of cryptocurrency projects from the country. Currently only two…
Although the ruling should provide smartphone makers the ability to develop phones based on Amazon’s Fire OS, Google limits the adoption of such forks, as termed in the industry, through its licensing model. Essentially, the ruling is not likely to significantly change Google’s licensing model and the revenues derived from it. With the European Union’s…
Following complaints about the flooding of the domestic market with stainless steel that was damaging the local industry, an investigation into dumping allegations of the metal has bene launched in China. the estimated dumping of stainless steel through imports is worth $1.3 billion. The investigations will encompass a number of firms that include a privately…
Facebook will create a very strong case for election transparency and provide a never before insight about how social media is used for targeting of voters by publishing comprehensive data about political advertising in the run up to the referendum campaign for abortion in Ireland. Details of the amount spent on targeting Irish voters in…
According to Microsoft, hackers have targeted at least three congressional candidates before the US mid-term elections. The revelation was made during a se3curity conference panel in Colorado by Tom Burt, an executive at the company. he told the audience that apparently, phishing attacks looks to have targeted the three candidates. The hacking was likely an…
Days before a gathering of G20 ministers gather for a summit in Argentina, French Finance Minister Bruno Le Maire has warned that a trade war is now a reality. He said that the law of the jungle is the basis of the formulation of the present trade policies of the United States which is imposing…
In order to convince Wall Street that the car rental industry is still relevant, a change to its old “try harder” advertising slogan night be necessary for Avis Budget Group. There is a rising question among investors about car rental because of the rise of cab hailing services. There is therefore a notion that car…
Following its presentation of design options for America’s next intercontinental ballistic missile (ICBM), the Ground Based Strategic Deterrent (GBSD) in front of the US Air Force, a “key milestone” in a major contract with the air force has bene bagged by U.S. aerospace giant Boeing Company, it said on Friday. “We offered the Air Force…
Business circles in the European Union (EU) have hailed as a “clear signal” of resisting protectionism the recently signed free trade deal between the EU and Japan. Covering about 30 percent of global gross domestic product, the largest economic bloc of the world has been created by the trade agreement between the two parties. “The…
