The groundwork that would allow German car maker BMW AG to boost manufacturing and begin supplying from its largest market – China, to consumers all over the world including North America, even as trade dispute between the U.S. and China keep piling up. According to BMW partner in China – Brilliance China Automotive Holdings Ltd,…
Increased tariff barriers will prevent the Chinese automaker Guangzhou Automobile Group Co Ltd. to set foot onto the US market, the company said on Wednesday. US tariffs on imported vehicles from China will have significant effect and impact the planned strategy of automaker to enter the U.S. market by 2019, Feng Xingya GAC Group President…
The aim is to reduce the revenue generation gap between its G Suite and Microsoft’s Office suite and specifically meets many business users’ demands. On Wednesday, in what is stated to be its first redesign since 2013, Alphabet Inc’s Google unveiled an overhaul of Gmail in what the company stated was an expensive overhaul that…
To the chagrin of patent trolls and big pharma, in a ruling with widespread implications for high technology companies, including Apple and Samsung, U.S. Supreme Court justices in a 7-2 ruling upheld the IPR system. In a development with significant implications for tech companies, on Tuesday the U.S. Supreme Court approved of a government review…
The Chinese automakers stated if the U.S. were to impose stiff penalties on Chinese vehicle exports, its planned entry into the U.S. market by 2019 will be significantly affected. On Wednesday, China’s Guangzhou Automobile Group Co Ltd stated the brewing trade conflict between China and the United States, especially if stiff tariffs were imposed, its…
Increasing revenues form internet advertising propelled the profits by 37 per cent for the first quarter of the year for Google-owner Alphabet. There were fears that the revenues and profits of the search engine could be impacted by increasing costs and regulations. But the company performance allied those fears. Wall street expectations were beaten as…
The proposed acquisition of the UK music-recognition app Shazam by Amazon will now be formally investigated by the European Union. Apple would gain an unfair advantage by getting access to user data and limit the choice of the consumers whereby Apple could be able to draw away consumers from rivals easily were the allegations against…
Think of Manbang as China’s Uber for trucks. On Tuesday, China’s truck hailing service platform Manbang stated, investors, including Alphabet Inc’s venture capital fund CapitalG and Japan’s Softbank Group have funneled in $1.9 billion in its new funding round. Formally known as the Full Truck Alliance Group, Manbang stated the funding round was led SoftBank’s…
The Chinese ride-hailing firm is expecting to mop $70-$80 billion through its IPO. On Tuesday, a report by the Wall Street Journal stated citing sources familiar with the matter at hand, Didi Chuxing, a Chinese ride-hailing firm is in talks for holding its multi-billion-dollar initial public offering (IPO) sometime this year. Didi Chuxing is expecting…
11% of Germany’s total exports are destined for the U.S. On Monday, Carl Martin Welcker, the head of Germany’s engineering trade body stated a fresh attempt should be made at hammering out a free trade agreement between the European Union and the United States. Last month, U.S. President Donald Trump had announced a 10% tariff…
business-gurus.com 