Following suggestions from a mediation panel, South Korea’s tech giant Samsung Electronics announced that every employee, both former and current, who has been taken ill because of work related issues at its South Korean chip and display factories would be compensated by the company. The company also expressed grief on the death and illness of…
Tesla has been facing some serious headwinds in selling its models in China. The price cuts should add to the allure of its models. In a strategic decision, Tesla Inc stated, it is slashing the price of its Model S and Model X cars in China in order to boost their sales that potentially have…
Budget UK airlines Ryanair is feeling no impact of the possibility of a no deal Brexit if one considers the number of bookings that the airline is taking in for the days at the end of March when the Brexit is scheduled to officially set in. According to the company, it has been taking in…
The reported concerns of the possible slowing of the demand for iPhone sale has forced Foxconn Technology Group, amongst the largest of the iPhone component supplier of Apple Inc., to plan extensive cost curtailment which would run into billions of dollars. According to news report published in Bloomberg News, in 2019, the Taiwanese manufacturer plans…
The HoloLens augmented-reality headset which was launched by Microsoft about four years ago and was meant for retail customers and which was not as successful that the company had expected, is now being used by an unlikely set of customers – the car makers. The car manufacturers are hopeful that the use of augmented-reality headsets…
The strategic decision comes a day before Black Friday and the crucial holiday shopping season in the U.S. On Thursday, Amazon.com Inc, the world’s largest online retailer, stated it would no more block Australian shoppers from accessing its U.S. site. The development comes midst a customer backlash in the world’s 12 biggest economy. Australian shoppers…
With many countries deciding to ban China’s Huawei from providing 5G equipment for their national grid, Nokia is likely to benefit from such market opportunities. On Thursday, Finnish telecom giant Nokia stated it will merge its mobile networks as well as fixed networks business groups into a new unit called Access Networks. The reorganization comes…
According to media reports, Alibaba Group Holding Ltd has been put in a ‘down round’ investment by China’s Babytree Group, which is a parenting website operator, because of the later’s decision to price its Hong Kong IPO at the bottom of a marketing range which has reduced its valuation. Alibaba is an investor in the…
With the aim of taping into the vast potential of the smaller cities and rural market of India, Chinese smartphone maker Xaomi will set up a chain of physical stores throughout the Indian market. The company announced that by the end of next year, the number of stores would be increase by tenfold. At present,…
Ceconomy is Europe’s biggest consumer electronics retailer. On Wednesday, Freenet, a German telecom company stated, it continues to remain committed to its investment in Ceconomy, Europe’s biggest consumer electronics retailer. Its commitment is despite issues which prompted the departure of its chief executive last month. “I still believe in the company,” said Christoph Vilanek, Freenet’s…
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