United States based social media company Facebook has reached an agreement to settle charges against it that it did not take consent of its users before collecting and storing biometric data of millions of users for in a deal worth $550 million. On the other hand, the company’s co-founder and Chief Executive Mark Zuckerberg promised…
Plastic card companies could follow the footsteps of large United States based tech giants in becoming $1 trillion companies in terms of stock value. Share prices of credit and debit card companies Visa Inc and Mastercard Inc have gained about 50 per cent over the last year and are ranked 7th and 11th among companies…
A day after the European Union refused to ban the Chinese telecom equipment maker Huawie form participating in 5G networks, Nokia and Ericsson were chosen over the Chinese firm by France’s largest telecoms company Orange for construction of its 5G mobile network in the country., Huawei has been facing stiff opposition from the United States…
On Friday, in a statement the Organization for Economic Cooperation said, nearly 140 governments have agreed to rewrite their decades-old cross-border tax agreements over the coming months following talks this week in Paris. The rise of internet giants, including, Facebook, Google, Apple, and Amazon have weighed on countries given that these companies exploit loopholes in…
On Friday, LG Display Co Ltd, an Apple Inc supplier offered an optimistic outlook for the year on the back of higher demand for its organic light-emitting diode (OLED) panels sending its shares higher by 4%. The optmistic forecast comes in the wake of the South Korean company seeing prolonged decline in liquid crystal display…
South Korean electronics conglomerate Samsung said that a turnaround for the company has already taken place even though its profits are still flagging. In the quarter that ended in December, the operating profits for the company was at 7.2 trillion Korean won ($6 billion) which was 34 per cent lower than the same period a…
The United States based electric car maker Tesla announced another quarter of profits and said that more than half a million cars will be sold by it in the current year. This propelled the share price of the company sharply in late trading. The last quarter of 2019 saw Tesla, founded by Elon Musk, announcing…
The rapid spread of coronavirus and the fear associated with it has forced Google to temporarily close all of its offices in China, Hong Kong, and Taiwan.Similar actions have also been taken by some of the largest tech giants of the West including Amazon and Microsoft in order to prevent its staff from getting infected…
The European Union has scrapped the likelihood of a ban on facial recognition technology in public spaces. In 2019, in a draft the European Commission had proposed the idea of a moratorium of up to five years to give the EU time to work on ways to prevent abuses of this technology. The pros and…
In a statement the California Institute of Technology stated, it has won a $1.1 billion jury verdict in a patent lawsuit against Broadcom and Apple. In the case, filed in a federal court in Los Angeles in 2016, Pasadena, California-based CalTech had alleged that Broadcom wi-fi chips used in hundreds of millions of Apple iPhones…
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