Qualcomm Alleges Apple Stole And Passed On Its Trade Secrets To Intel For iPhone Chips

Chip making giant Qualcomm has again raised allegations against Apple Inc of decamping with “vast swaths” of confidential information and trade secrets of the company and then the iPhone maker has also shared the same with Intel to allow the Qualcomm’s chip maker to enhance the modems made by Intel which are fitted into Apple’s…

German Regulator Warns Deutsche Bank Over Money-Laundering, Appoints Auditor

Deutsche Bank has been directed to put in more effort by the financial regulator of Germany to prevent incident of money-laundering and “terrorist financing,” and has also directed the appointment of an independent auditor to monitor the progress of the efforts being made by the bank BaFin, the German financial regulator announced on Monday that…

Instagram’s co-founders Kevin Systrom and Mike Krieger resign from Facebook

The development adds to the growing number of high profile executives, and co-founders leaving Facebook’s businesses. In a development that adds to the growing list of executives leaving Facebook, Instagram has notified that Kevin Systrom and Mike Krieger, its co-founders, have resigned as the company’s chief executive officer and chief technical officer. Facebook has provided…

EU must develop indigenous battery cell production facilities: Angela Merkel

With the automotive industry witnessing a shift towards greener, eco-friendly forms of mobility, the European Union must develop and ramp up the strategic production of battery cells productions to stay relevant and ahead of the competition, opined Merkel. On Tuesday, German Chancellor Angela Merkel said, it is “extremely important” that the European Union develops its…

Key stakeholders to attend meeting on quantum computing at White House

Given its wide ranging potential, Washington wants to develop and leverage the power of quantum computing which is currently in its infancy. On Monday, in efforts aimed at boosting efforts at quantum computing, the White House is set to hold a meeting with academic experts, U.S. government officials, and leading tech companies including Alphabet Inc,…

Competition and Consumer Commission of Singapore fines Uber & Grab a combined total of $9.5 million

Following an investigation Singapore’s antitrust watchdog concluded that Grab’s purchase of Uber’s Southeast Asian business has harmed consumers in Singapore. It has suggested remedial measures. Following Uber Technologies Inc’s sale of its Southeast Asian business to its regional rival Grab in March 2018, Singapore’s anti-trust watchdog has levied a combined fine of $9.5 million on…