A court in China has issued a life sentence to the founder of a tech startup and his brother on charges of “fundraising fraud” according to reports published in the local media in the country. Ding Ning, founder of Chinese online peer-to-peer lender Ezubao and his younger brother, Ding Dian, were served the sentence this…
Ireland’s finance minister announced that Apple Inc. has completely paid up its due to the country in disputed taxes of €13.1 billion ($21.2 billion) and an interest of €1.2 billion. The country will not hold that money in an escrow fund and await the outcome of its appeal against an EU tax ruling. In August…
According to media reports quoting sources, the United States Justice Department is investigating the electric car maker Tesla Inc. over the statements that gad been made by the Chief Executive Officer of the company Elon Musk. Sources also reportedly said that this criminal probe is being conducted in addition to the already reported civil investigation by…
Some of the United States based tech giants such as Facebook, Google and Microsoft have been found to be attached to a proposal by a lobby group that sternly opposes an attempt by the European Union to set for itself more ambitious goals for climate change. According to media reports quoting a leaked document illustrates…
Apple products are amongst the few American company products that have managed to evade or sidestep the tariffs imposed by China on imports of US goods. Howe the tech giant managed to do so was explained by its CEO Tim Cook. In an interview to a television news channel, Cook said that “it’s not really…
Raising the veil over the first passenger to avail the services of the services of SpaceX, Elon Musk’s space transportation company, for a space trip around the moon was revealed by the company. The first private passenger to book a ticket on the flight is Japanese billionaire Yusaku Maezawa who is the owners and founder…
The concept for its self-driving electric crossover SUV was recently launched by BMW and according to experts, if the final product is what the auto maker gas displayed, it would be something unique in the world of electric cars. But for not, BMW has only unveiled its Vision iNext as a concept vehicle. However, according…
Upto 400 employees of the British Steel will lose their jobs with respect to its worldwide operations, the company has announced. This is a part of the strategy of the company to streamline itself and job profiles, the company has said. There are about 5000 people employed with the company globally. The company has further…
In addition to the business woes that are being faced by Snapchat, the firm is also facing challenges from the outside. Investors and analysts ate the Wall Street are losing confidence and faith in the company as well as in its CEO Evan Spiegel. Earlier this week, the price target for the shares of the…
Huawei’s chief executive has pledged that the company will come up with a smartphone with a fold-out screen in just about a year. CEO of the firm Richard Yu said this during an interview with a German newspaper Die Welt. He said that Huawei is “already working on it”. It has been quite a few years…
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