Ford is reconceptualizing its vehicle line up as well as the future business strategy, say officials of the US car making company while announcing that it is set to unveil later this year its first long-range electric vehicle. In its more than 100 year history, Ford is undergoing the most dramatic transformation as the company…
The FCC will now shift its focus on existing Chinese carriers including China Unicom and China Telecom Corp. In a significant development, the Federal Communications Commission (FCC), voted unanimously to block China Mobile Ltd’s bid to provide communication services in the United States citing risks of espionage. China Mobile is owned by the Chinese government.…
Amazon.com’s alleged data collection through its smart speakers of children is in violation of the Children’s Online Privacy Protection Act (COPPA). In a potentially significant development, 4 senators from the United States have urged the Federal Trade Commission to investigate Amazon.com’s smart speaker which target children. Senators Richard Blumenthal, Edward J. Markey, Josh Hawley and…
Binance’s users will not affected by the hack since the crypto currency exchange would use its secure asset funds to cover the loss. On Wednesday, in a significant development, hackers have managed to steal bitcoins worth $41 million from Binance, one of the world’s largest cryptocurrency exchanges. The development marks the latest theft in a…
Porsche clearly aims to move past the dieselgate scandal and has chosen not to appeal the fine. German prosecutors have imposed a fine of $598 million (535 million euro) on luxury carmaker Porsche AG, a unit of Volkswagen, for lapses in supervisory duties which allowed the company to cheat diesel emissions tests. According to the…
Given that Infineon’s high-performance power chips have an ubiquitous usage, the chipmaker has a bright future despite small road bumps. On Tuesday, German chipmaker Infineon Technologies AG stated, a slump in demand which had led to increased inventory levels is likely to plateau only this summer; this means that till then its profit margins will…
Among the 8 are Guesty and DayTwo. The Google Startup Growth Lab Programme is essentially a platform which enables startups to expand their reach globally. On Tuesday, Alphabet Inc’s Google stated, it has launched a 4 month program in Israel so that startups can use its expertise and tools to grow globally. Following the completion…
U.S. customers who have pre-ordered the phone will get a reimbursement and their order will be cancelled if Samsung does not ship the device by May 31, 2019. On Tuesday, Samsung Electronics stated it cannot yet confirm the date of shipping for its Galaxy Fold smartphone and apologized to its customers who have made pre-orders.…
In an interview to the television news channel CNBC from Berkshire Hathaway’s annual shareholder meeting over the weekend, Apple’s CEO Tim Cook has said that on the average, the company acquires one company at a difference of every two to three weeks. A total of about 20 to 25 companies had been purchased by Apple…
The focus of the FTC’s investigation into Facebook’s data breach was whether the sharing of personal data of 87 million users with British political consulting firm Cambridge Analytica violated its 2011 agreement with the FTC wherein it had pledged to safeguard user’s privacy. As per a report from the Wall Street Journal citing sources familiar…
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