According to two sources, the U.S. government is likely to fine tune and expand laws that govern sale of U.S. technology and technological products to foreign companies, midst efforts to further tighten the blacklisting of China Huawei. In May 2019, the U.S. Commerce Department had placed Huawei Technologies on an Entity List citing national security…
Amidst pressure from the United States for a boycott and with the European Union lawmakers passing a law earlier this week pledging to increase the number of suppliers of equipment for 5G networks, the Chinese telecom equipment making giant Huawei is set to face a challenge in the United Kingdom because the leading telecom service…
According to a report from Korean news site ETNews, quoting sources in the smartphone industry, in 2020, the major focus of innovation at Apple Inc will be to bring in variations in the screen sizes of its iPhones with both larger and smaller screen sizes of the models currently available. a new iPhone with the…
The alliance between the French car maker Renault and the Japanese auto companies Nissan and Mitsubishi is being attempted to be revived to its former glory by the companies with the appointment of a general secretary to take exclusive care of the partnership – the largest in terms of production capacity in the global auto…
Renault, Nissan and Mitsubishi plan on appointing a general secretary at the helm of their alliance in order to reboot the partnership and boost operations. Renault is in the process of repairing its relationship with its Japanese partners following allegations of financial misconduct its earlier chairman. “This alliance executive will be key for coordinating and…
In less than a week after its launch, orders for Tesla Inc’s new electric pickup Cybertruck have are close to breaking the record set by the Model 3 sedan in 2016. Elon Musk, Tesla’s CEO has signaled that 250,000 customers have lined up to buy the Cybertruck. In an apparent reference to the number of…
Apollo Global Management, a private equity firm, stated it has raised its bid to take Tech Data, a U.S. information technology equipment distributor, private in a deal valued at around $6 billion. Excluding debt, the deal is valued at nearly $5.14 billion, up from a previous offer of $4.77 billion. Following Apollo Global Management’s new…
On Thursday, Japan’s Panasonic Corp stated it will sell its loss-making chip business to Taiwan’s Nuvoton Technology, reported Nikkei Asian Review. According to the report, Panasonic is also slated to divest three Japanese chipmaking facilities of TowerJazz Panasonic Semiconductor – a joint venture with Israel’s Tower Semiconductor. The development comes midst the U.S.-China trade war which…
The fact that the global auto industry is going through a rough patch was once again evident after the German premium car brand Audi said that it would cutting down 7,500 jobs. The company further said that by 2025, it would cull a total of 9,500 jobs which is about 10 per cent of its…
Elderly people in the United Kingdom have been subjected to dozens of calls a week made to sell expensive funeral packages by employees at a call centre which describes customers are “gazelles” meant to be hunted, claimed a report published by the Guardian. According to the report quoting whistle blowing former employees at Prosperous Life…
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