Facebook is in the process of investigating the extent and scope of the security breach. Facebook Inc has disclosed it is in the process of investigating whether a possible security breach, that was revealed last week, had impacted users of Workplace, its corporate chat app. With the reaching the market, Facebook’s shares were down by…
Sharp is finally making its long-awaited entry into the advanced display panel market. On Wednesday, Sharp Corp stated, it would place its first OLED smartphone for sale in Japan later this year. The announcement marks its long-awaited entry into the market for advanced panels as it plays catch up with Samsung Electronics. Sharp also aims…
BMW’s Oxford plant in southern England, which produced 60% of its vehicles in 2017, will take a significant hit. On Tuesday, BMW’s CEO Harald Krueger stated, he sees a 50% chance of Britain leaving the European Union without a trade agreement. In the case of a disorderly exit, BMW will be forced to shift more…
The fact that Google has selected Ubisoft for its video game streaming service underscores its technical prowess. Following a statement from Google that it partnered with French video games maker Ubisoft to test its video game streaming service, Ubisoft’s shares rose on Tuesday and outperforming the relatively dull European markets. In mid-trading sessions, Ubisoft’s shares…
The increase in minimum wages will benefit around 350,000 employees in the U.S. On Tuesday, Amazon stated, starting from November 1, 2018, it will increase its minimum wages to $15 per hour for all of its seasonal, temporary, part time and full-time U.S. employees. The development comes in the wake of the “Fight for Fifteen”…
VW stated it will cover hardware retrofits for older diesel cars if its accepted by the owners. On Tuesday, contradicting a deal announced by the German coalition parties, Volkswagen stated it is not prepared to cover the entire cost of hardware retrofits for older diesel vehicles in Germany. “If hardware retrofits are accepted by customers,…
Owners of Renault’s disel vehicles which meet the Euro-5 or older emission standards are eligible to receive credits for trade-in for newer, and cleaner models. On Tuesday, France’s Renault has become the first foreign company to play a positive role in Germany’s anti-pollution efforts. Renault stated, it has begun offering German-owners of its older diesel…
The disclosure by the European boss of the PSA Group makes it clear that a cliff hanger Brexit would be detrimental to its car production line in the UK. On Tuesday, Maxime Picat, the European boss of the PSA Group stated, if Britain were to leave the European Union without a deal and if the…
Britain intends to updates its tax laws in line with unitary taxation so as to make tech giants pay their dues and plug tax loopholes. In a significant development, Britain’s finance mister Philip Hammond stated, Britain will unilaterally implement a digital service tax if there is no wider international agreement soon on how to tax…
With this strategic move Netflix is expanding its footprint on the interactive Tv market. Content streaming giant Netflix Inc will allow users to choose how its movie or TV episode will end. The development comes at a time when Netflix is intent on expanding its Interactive TV content, said a report from Bloomberg. The Bloomberg…
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