Under pressure from the U.S.-China trade war, Huawei’s CEO Ren Zhengfei sees a revival of the company’s fortunes only in 2021. As per a report from Bloomberg, Huawei Technologies Co Ltd is preparing for a 40% to 60% decline in sales from the international market. According to Bloomberg’s report which cites sources familiar with the…
While self-driving car technology advances are solving a host of problems, the one problem that is being introduced is boredom. How do you occupy the passengers of the vehicle as the car accelerates and steers sideways? With the advent of autonomous vehicles, there will be no need for the driver to sit tight and pay…
China’s firewall although broadly effective, is not 100% full proof, content posted on individual accounts were not immediately censored. In a significant development, Chinese censors are working hard to block and erase news of the Hong Kong protests on social media and search platforms. There has been a surge of interests from mainland Chinese users…
Backers include PayPal, Visa Inc, Uber Technologies Inc and Mastercard Inc. In a significant development, Facebook Inc’s cryptocurrency has received backing from more than a dozen companies including PayPal Holdings Inc, Visa Inc, Uber Technologies Inc and Mastercard Inc. According to a report from the Wall Street Journal, each company will invest nearly $10 million…
The new wave of tariffs which could go into effect from August 1, is likely to cover consumer electronics, including smartphones and tablets. With U.S. President Donald Trump deliberating whether to make good on his threat to impose tariffs on the remaining un-tariffed Chinese exports to the United States, Trump met Apple’s CEO Tim Cook…
China was the country of origin for the hacking of and a massive cyber attack on the messaging service of Telegram, said the company’s founder Pavel Durov. Confirmation of the company being the victim of a “powerful” Distributed Denial of Service attack was made by Telegram on Wednesday. The company said that the attack managed…
The largest meat producer of the United States Tyson Foods made its first foray into the market of alternative vegan meat with its launch of first plant-based and blended products, along with its new Raised & Rooted brand as the company attempts to expand its range of protein products. The alternative meat market is being…
A new Living Hours programme soon to be introduced in the United States would offer greater security for the some of the zero-hours contract workers in the country. Under this program, employers employing such employers would be required to the Living Wage to workers and provide at least four weeks’ notice of shifts to their…
The Swiss food giant Nestle wants to add on to the number of partners for its plant-based burger sales in addition to its partnership with fast food chain McDonald’s as well as seeking to expands its partnership with McDonald’s outside of Germany, said the company’s chief on Tuesday. “McDonald’s is an exciting and big customer,…
While downplaying the recent volatility in its stock prices, the trade tension that the United States currently has with China and other countries was blamed to be the primary reason for the lackluster performance of the stick of Uber since it launched its IPO in May, said its Chief Executive Dara Khosrowshahi on Tuesday. The…
An unsolicited offer for merger by the toymaker MGA Entertainment Inc has been once against rejected by rival firm Mattel Inc. A fresh offer aimed at merging the two companies was presented by MGA last month once again, said Isaac Larian, the founder and the chief executive of the privately held MGA, told the media…
While market share and profits are key factors in growth, maintaining business relations with the U.S. ie equally if not more important. In a significant development, the world’s third biggest supplier of semiconductor manufacturing equipment, Japan’s Tokyo Electron, stated it will stop supplying its Chinese clients that have been blacklisted by Washington. China is locked…
