The new novel coronavirus test that detects Covid-19 antibodies form Abbott Laboratories has been granted emergency use authorization for usage by the United States Food and Drug Administration, the company has said. The company has announced that this month, it aims to ship at least 30 million test kits and by June, the company will…
On Tuesday, Spark New Zealand Ltd stated, it will manage part of New Zealand’s allocation of 5G spectrum as the country prepares to roll out the next generation mobile technology over the next year. In a statement to the New Zealand Stock Exchange, Spark New Zealand Ltd said, it will be offered management rights to…
On Tuesday, Logitech International reported a rise of 13.6% in fourth-quarter sales. The development comes at a time when more people are working from home due to the coronavirus crisis. Logitech has rpeorted a fourth-quarter sales of $709.2 million, up from $624.3 million a year ago. Non-GAAP operating income rose 23.3% to $79 million in…
In a statement the China Passenger Car Association (CPCA) said, in April Tesla Inc sold 3,635 China-made Model 3 vehicles in the country, down by 64% from March. Tesla’s sales in the first month of each quarter are usually lower than the remaining two months. During an online briefing, CPCA said Tesla had produced more…
The coronavirus pandemic could lead to a 60 per cent drop in global sales of personal luxury goods in the second quarter of the current year, predicted a new report from Bain & Company. Many countries across the world have imposed strict lockdowns, asked people to stay indoors as much as possible and closed down…
Another major investment in India’s biggest tech and telecom firm Jio was announced earlier this week. This is the third time in about three weeks that the company has attracted major investment after a huge investment in the company by the social media company Facebook. An investment of almost 114 billion rupees ($1.5 billion) will…
May 10, 2020 – On Sunday, the Wall Street Journal reported, the Trump’s administration is holding talks with semiconductor companies on building chip factories in the United States. As per the WSJ report, which cites sources familiar with the matter at hand, the Trump administration is in talks with Intel Corp and Taiwan Semiconductor Manufacturing…
As per a report from German news magazine Der Spiegel, Russia’s GRU military intelligence may have gained access to many e-mails from German Chancellor Angela Merkel’s constituency office in a 2015 cyber attack on Germany’s parliament. A spokesman for the German government had no immediate comment. Federal criminal police along with Germany’s federal cyber agency…
On Friday, Bloomberg reported citing an e-mail from Tesla Inc saying, the U.S. luxury carmaker plans on reopening its sole U.S. car plant in Fremont, California as early as sometime today. The development comes in the wake of California setting rules which allow state manufacturers to re-open the coronavirus lockdown from Friday. Tesla did not…
On Thursday, according to a report from the Financial Times, in a deal worth $29.57 billion (24 billion pounds), the British units of Liberty Global Plc and Telefónica SA will merge with Telefónica SA. Both companies are expected to announce the merger deal on Thursday following five months of negotiations, said the FT’s report citing…
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