There has been growing criticism of the increasing reach and power of major tech companies in the United States and elsewhere which has prompted the US justice department to initiate a broad antitrust review of such firms. The major focus of the antitrust probe would be based on increasing complaints that competition is being illegally…
While the settlement resolves a major regulatory overhead for Facebook, the embattled social media giant still faces potential antitrust probes from the FTC and Justice Department. On Wednesday, in a significant development, the Federal Trade Commission stated, Facebook Inc has agreed to pay $5 billion as part of a sweeping settlement to create a board…
Given bi-partisan concerns over the market power of these major digital technology companies, which include Google, Amazon, Facebook and Apple, their potential downsizing is very much a possibility. In a significant development that marks the latest sign of the Trump government stepping up is scrutiny over big tech firms, the U.S. Justice Department disclosed that…
A set of new smart diapers for children that would be able to track a child’s urine as well as sleep will be made by Pampers, the company announced earlier this week. A smart diaper developed on the same principle that sends out a text alter to parent to tell them that their child has…
The uncertainty over Brexit is forcing the relocation of the European Medicines Agency from London to Amsterdam and as a part of this relocation process, a US firm is reportedly being paid a sum of €62m in “financial inducements” to help in this. According to reports based on European Union documents, the former headquarters of…
The development comes at a time when there is a weak demand in the smartphone market. LG is probably aiming to keep its lead in the OLED TV market. On Tuesday, LG Display stated it would be investing $2.6 billion (3 trillion won) in its organic light-emitting diode (OLED) panels production line in South Korea.…
The report adds to the growing number of supporting documents to U.S. claims that China’s Huawei has violated in multiple instances US export control rules. According to a report from the Washington Post citing sources and internal documents, China’s Huawei Technologies Co Ltd has secretly helped North Korea to build and maintain its commercial wireless…
Intel’s earlier announcement of its exit from the 5G modem chip business, following settling a long standing dispute with Qualcomm, presents an opportunity for Apple. A potential deal with Intel is likely to squeeze Qualcomm since it is a key supplier of modem chips for Apple’s iPhones. Apple Inc aims to acquire Intel Corp’s smartphone-modem…
After running into a tiff with the Indian government on a second occasion within a short span of time, ByteDance, one of the largest social media companies of China and the owner of hugely popular video sharing app TikTok, is trying to scramble out a solution to protect its business in its largest market –…
There is no word yet about when the grounded 737 Max jet planes of Boeing would again be allowed to fly in the air by regulators. The planes got grounded all across the world after two fatal crashes involving the planes happened within five months to each other – the first in Indonesia in October…
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