The Pentagon is likely to back new U.S. restrictions on China’s Huawei Technologies, reversing its earlier stance to the proposal meant to further crack down on exports to the blacklisted Chinese company, said a source briefed on the matter. The Pentagon’s reversal is likely to make it much harder for U.S. companies to get around…
A case demanding $90 million in damages from Carlos Ghosn, the former global auto honcho and now a branded fugitive of Japan, was filed by the Japanese car company Nissan. The civil lawsuit was filed by the company at Yokohama District Court. Ghosn is also a former chairman of the auto company and was arrested…
In a case that Google is fighting to overturn a 2.4-billion-euro ($2.6 billion) antitrust fine imposed by the European Union at Europe’s second-highest court, the search engine giant argued that innovation was at the core of its business model rather than helping out rivals in their businesses. Many are closely watching this case because preparations…
Samsung Electronics unveiled its latest foldable 5G capable flagship as it surges ahead to maintain its market position in an increasingly competitive phone market. The development marked Samsung’s second attempt at a folding phone, following a delayed rollout in 2019, as it fends off traditional rival in the premium smartphone market, which includes Apple Inc…
In September 2017, credit reporting agency Equifax decided to come clean: it had been hacked and personal sensitive information of 143 million, which was later revised to 147.9 million, U.S. citizens had been compromised. The stolen personal data included names, date of birth, and Social Security numbers. Earlier this week on Monday, the U.S. Department…
Performance of the United States based restaurant chain Popeyes in the fourth quarter was majorly boosted by its beloved chicken sandwich. There was a 42 per cent growth year on year in the sales at all Popeyes restaurants in the last three months of 2019 to touch $1.3 billion, said Restaurant Brands International, the owner…
The coronavirus outbreak in China has temporarily shut down many factories in the country – many of which make crucial parts for various products including for cars and other vehicles. The closure which started with the closure because of the Lunar New Year holidays in China was extended by Chinese authorities to prevent the spread…
A new survey-based report by the United States based data and measurement firm Nielsen suggests that streaming services were gaining popularity in the US as consumers loved the television and films aired in those services and want content providers to continue to create and offer software through this medium. Even in the situation of an…
On Tuesday, a senior executive from Airbus SE stated, the airplane maker is confident of selling more than 1,000 A321XLR aircraft over the next 10 years. The Airbus A321XLR aircraft has a longer range than the single-aisle A321neo. Francois Caudron, Head of Marketing at Airbus said, the forecast includes a mix of new orders and…
In a statement, Japan’s defense ministry stated, a cyber attack on Mitsubishi Electric Corp, a major supplier of the country’s defense and infrastructure systems, has led to a breach of sensitive data on defense equipment. The potentially stolen data included requirements for defense equipment that Japan’s Defense ministry specified for contract bidders in October 2018,…
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