Samsung Electronics slashes OLED output in response to weak iPhone X demand

Samsung Display has cut the production of its OLED panels by around 50%. Japanese business daily Nikkei has reported Samsung Electronics Co will slash its output of organic light-emitting diode (OLED) panels in response to Apple Inc’s decision to cut production of iPhone X midst weak demand. Apple Inc is Samsung Electronic’s customer. Samsung Electronic’s…

HelloGold launches sharia compliant, gold-backed cryptocurrency eyeing Islamic finance markets in Southeast Asia and the Middle East

The Malaysia-based fintech firm’s GOLDX covers all the principles that are the cornerstones in Islamic financial contracts. HelloGold, a Malaysia-based firm disclosed that it has received a sharia-compliant certification for its gold-backed cryptocurrency; it plans on launching its online gold platform in Thailand later this year. GOLDX, its cryptocurrency product which was launched at the…

Sony Corp joins the stream of competition vying for dominance in Japan’s ride hailing market

Sony Corp is the latest tech firm vying for market share in Japan’s highly regulated ride-hailing market and is set to partner with Daiwa Motor Transportation and 4 other domestic Japanese taxi firms for the same. On Tuesday, Japan’s Nikkei newspaper reported, Sony Corp is to become the latest tech firm which is jockeying for…

Australia welcomes Britain joining the TPP once it leaves the European Union

Australian Foreign Minister Julie Bishop made it lucidly clear that in any such deal, Australia would want to secure the rights for its citizens to work in Britain. On Monday, Julie Bishop, Australia’s Foreign Minister stated it would welcome Britain’s participation in the regional trade group, Trans-Pacific Partnership, after March 31, 2019. Earlier this year,…