A new report on the growth of billionaires in the world noted that a new billionaire is created China every week. The report also found that there was an increase of 19 per cent in the collective wealth of the world’s billionaires – with their accumulated wealth reaching a whopping $8.9 trillion last year. In…
48 people which include 13 senior managers have been so far sacked by search engine giant Google since 2016 over allegations of sexual harassment. Google is knowingly being harsh on people on issues of inappropriate conduct and the tech giant has decided to take a “hard line”, said the chief executive of the firm Sundar…
British Airways has clarified that customers who were potentially impacted by the hacking attack are those who opted for reward bookings between April 21 2018 and July 28 2018 using a payment card. In yet another hacker attack, the International Airlines Group disclosed following an investigation into the theft of customers’ data at its British…
The Trump Administration is moving to develop a comprehensive long term spectrum strategy to prepare for the launch of next-generation 5G wireless networks. In a significant development, U.S. President Donald Trump has signed a presidential memorandum directing the U.S. Commerce Department to develop a long-term comprehensive national spectrum strategy to prepare for the launch of…
Although Intel has forecast higher revenues for its fourth quarter, it has conceded that in the long term trade tensions with China could act as headwinds. On the back of strong demands for Intel chips for personal computers and high margins from its data center business, Intel Corp announced its quarterly revenues which beat analysts’…
Nokia is planning to lat off a large number fits staff globally as the company now preparing for the fifth-generation networks, said the company on Thursday. While no details on the actual number of employees that the company was looking to lay off was provided by it, according to Dow Jones Newswires, the lay offs would…
An increase in price of aircraft fuel and higher operating expenses saw a 49 per cent drop in the earnings of American Airlines Group Inc. (AAL) for the third quarter. However, the bottom line results still exceeded the estimates of Wall Street, the top line was lower than the consensus estimates. The announcement of the…
According to reports in the media, a tip off by the world’s largest brewer Anheuser-Busch InBev to Indian authorities about its detection of a cartel in the beer industry had triggered off an investigation into beer price-fixing by Indian anti-trust body. Reports quoting sources said that there was price fixing by the Indian operations of…
The hacking attack on Cathay Pacific’s data includes passenger data for its Hong Kong Dragon Airlines Ltd unit. Hackers were able to access 245,000 Hong Kong identity card numbers and 860,000 passport numbers among other data. Matching Hong Kong identity card numbers with passport numbers is likely to be a gold mine for China. On…
With wider margins, a rise in net profits, and a positive cash flow, Elon Musk has delivered on his promise. Here’s the low down on how Tesla’s Chief Financial Officer Deepak Ahuja and Musk managed Tesla’s operations in a capital efficient manner. In a significant development, Tesla’s Chief Executive Elon Musk delivered on his…
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