There has been a surge in the rental rates of older planes as airlines turn to such crafts to cater to the growing demand for the industry given the global grounding of the 737 Max planes of Boeing has now entered in the sixth month. “Used 800s are like a gold dust at the moment,”…
Employees of Foxconn engaged in making popular Amazon devices were being forced ot work for long hours and the company was engaged in worker abuse and poor pay as well, claimed a report prepared by China Labor Watch. An investigation in this regard has been initiated by it, Amazon has said. This is the second…
According to the claims of the cybersecurity firm FireEye, cyber spying activities for the Chinese government in 14 different countries had been undertaken by a group of state-sponsored hackers in China even as the group also conducted hacking for making personal gains. The Chinese hacking group is called APT41, according to the cyber security company,…
Faecbook wants to publish news content of news publishers on its social media platform and is reportedly holding talks with such companies. Reports have suggested that the largest social media company is ready to “millions of dollars” to get the rights to the news content materials. For years, Facebook has been criticized by many because…
The United States based ride hailing company Uber reported quarterly loss that was below the market expectations which sent the company shares soaring down. Increased competition resulted in the slowdown of revenue growth which led the company to report its highest quarterly loss ever. There is heavy spending being made by Uber and its rivals…
According to a recent report published in the online edition of the German magazine Der Spiegel, Mercedes-Benz owner company Daimler would be slapped a fine of between 800 million euros ($895 million) and 1 billion euros by the prosecutors in Stuttgart, Germany over violation and cheating of diesel related emissions standards. A form of cheating…
Cell therapy developer BlueRock Therapeutics would be taken over via complete control by German drugmaker Bayer according to a deal worth up to $600 million. According to analysts, this investment move by Bayer is aimed to strengthen its position in a new and promising medical area as well as to develop its pipeline of medicines…
Information about Amazon’s voice activated virtual assistant Alexa has been sought from the company by the privacy regulators of Luxembourg which clearly indicates there are increasing concerns among the regulators about how the company makes us eof personal data of users – especially voice data. Politicians and privacy enforcers are now getting incerasingly concerned about…
The plans of Japanese auto manufacturer of developing a range of useful service robots that can assist people in everyday life will get help from a firm specializing in artificial intelligence (AI) Preferred Networks, a Japanese company founded in 2014, is being roped in by the auto maker to help it in areas such as…
The technology conglomerate SoftBank Group Corp reported a leap in profits at its first $100 billion fund and said that its second Vision Fund might begin investing in various businesses as soon as next month. This announcement was made by the founder and Chief Executive Masayoshi Son. Funding round participants including Microsoft Corp and Apple…
