The first eight months of the current year have been good for Japanese car companies operating in China despite the prolonged downturn in the Chinese auto market, with 14 straight months of contraction, as well as the broader Chinese economy. According to the China Association of Automobile Manufacturers, in August, the overall vehicle sale in…
Nokia is focussing more resources to develop its system on chip integrated circuits. On Wednesday, in a statement, Finnish giant Nokia said, it has hired hundreds of engineers in Finland during 2019 in order to speed up development of its 5G solution. Last week, Nokia, which has competitors such as Ericsson and Huawei, had slashed…
Apple is mobilizing suppliers to unveil its first models of 5G iPhones. On Wednesday, a report from the Nikkei Asian Review stated, Apple Inc is mobilizing suppliers to launch its first 5G iPhones. “It will be the first time Apple introduces 5G iPhones … There will be three of them and the company has set…
A report prepared by University of Cambridge Centre for Risk Studies, on behalf of the Cyber Risk Management (CyRiM) project, in partnership with Lloyd’s, a cyber insurer. On Wednesday, a report backed by Lloyd’s of London stated, a cyber attack on Asian ports could cost a whopping $110 billion equivalent to half of the total…
Samsung unveiled the device at the Samsung Developer Conference 2019 in the United States. Racing ahead with the launch of its first model in September, Samsung Electronics Co Ltd unveiled a new smartphone design that folds into a square. Samsung launched the new concept smartphone at the Samsung Developer Conference 2019 in the United States.…
Oppo, Vivo, Xiaomi and Apple, together, controlled 50% of the Chinese market. On Wednesday, according to market data released today, China’s Huawei Technologies has increased its footprint in its domestic smartphone market, with shipments rising by 66% in the third quarter. Although the Chinese smartphone market contracted by 3% in the third quarter in comparison…
The pressure for making rapid technological advancement in the field of autonomous driving and self driving cars is pushing global auto companies to invest more time resources. This is evident in the decision of the German car manufacturer Volkswagen AG to create a new subsidiary called Volkswagen Autonomy (VWAT)completely dedicated to self driving tech. The…
The largest private coal miner in the United States, Murray Energy, has been forced to file for bankruptcy because of the slow but steady downfall and closure of the coal industry in the United States. This bankruptcy however was being expected for years now. Recently, it was unable to make lender payments and an agreement…
An increase in the sale of cancer drug Ibrance as well as a great launch for its new heart medicine Vyndaqel propelled the third quarter profits for Pfizer Inc which beats estimates of analysts after the company announced its earnings on Tuesday. The strong third quarter performance prompted the company, the largest drugmaker of the…
Despite its third quarter earnings being impacted by the 40-day strike against General Motors by the United Auto Workers, the United States auto maker managed to report a profit for the quarter because of the presence of a good amount of inventory with the company when the strike was announced and implemented in the middle…
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