The consortium could invest as much as $729.33 million in thr Apple Inc supplier. On Thursday, as per a report from the Nikkei business daily, a Chinese-Taiwanese investor consortium has informed Japan Display Inc that it would take a formal decision on whether they will invest in the company by June 14. The group had…
Toyota’s move is aimed at tapping soaring demand for cars in Myanmar. On Thursday, Toyota Motor Corp stated it would open a manufacturing facility in Myanmar which will produce Hilux pick-up trucks from 2021. The automaker plans on assembling the trucks locally following soaring demand for cars in the emerging nation. The newly built plant…
U.S., Secretary of State Mike Pompeo made these comments on live television in an interview on Fox Business Network. With China’s government threatening to restrict the sale of rare earth to the U.S., Secretary of State Mike Pompeo kept up the pressure on Huawei Technologies Co Ltd saying telecom equipment maker takes orders from Beijing.…
The United States Navy wants to study how people engage in talk in online forums and platforms and for this purpose it is trying to create a huge archive that would be comprised of at least 350 billion social media posts from across the globe. However, the particular or specific social media platform that the…
One of the largest drug manufacturers of the world, Johnson & Johnson, has been dragged into a trial for a multi-billion dollar lawsuit initiated by the state of Oklahoma in the United States. The company has been accused by prosecutors of being deceptive in their marketing of painkillers as well as in downplaying the risks…
A report based on a survey done by data company Refinitiv found that there has been an increase in the white-collar crimes such as fraud and money laundering because of an economic slowdown globally. Refinitiv said that over the last 12 months to the end of March 2019, about 75 per cent of the respondent…
According to a report published in the Japanese news paper Nikkei, the merger of Fiat Chrysler Automobiles and Renault would not be opposed by Japan’s Nissan Motors. The report claimed that was conveyed to the Renault management by Nissan officials at a meeting between the two that was held to discuss the future of their…
Huawei has asked the U.S. District Court for the Eastern District of Texas, to declare the 2019 National Defense Authorization Act (NDAA) as unconstitutional. Clearly U.S. action on the company is having its intended effect. According to a motion filed late on Tuesday, China’s Huawei Technologies Co Ltd has filed for summary judgment in its…
Pegatron is partnering with Indonesia’s PT Sat Nusapersada to produce chips for Apple smartphones. According to a statement by Indonesia’s deputy industry minister, Warsito Ignatius, Pegatron, a Taiwanese electronics company has signed a letter of intent stating it aims to invest $695 million to $1 billion (10 trillion to 15 trillion rupiah) in an Indonesian…
Germany’s antitrust regulator has extended the review of IBM’s $962 million acquisition of T-Systems to July 9. According to a statement placed on the website of Germany’s antitrust office, it is extending its review of a mainframe computing deal between the IT services arm of Deutsche Telekom, T-Systems, and IBM. The review period is being…
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