The much awaited blockbuster IPO from Japan’s Softbank has failed to create the impetus in the share market to the level that most had hoped for. There was a sharp drop of 15 per cent in Tokyo in the shares in the Japanese company’s mobile telecommunications unit in the first day of trading after the…
According to a statement by the U.S. Justice Department, German auto parts supplier IAV Gmbh would plead guilty as well as pay $35 million in fines on charges of conspiring with German car maker Volkswagen AG in trying to bypass the tough diesel emission norms in the United States. The Justice Department said that 50…
According to the chief executive of German car manufacturer Volkswagen (VW), the there could be need for the car maker to further augment its strategies for mass production of electric vehicles so that it would be able to address the tougher-than-expected European targets of reduction of greenhouse emissions emitting from cars in the block. This…
Japanese car maker Nissan complained on Monday that it had not been allowed to put in a complete explanation of why it fired Carlos Ghosn in late November to the board of the French car maker Renault which led bare the differences and tension in the largest auto alliance of the world – which includes…
Those companies around the world that have cut their working days week days claimed to have found that the productivity of the employees had increased along with more motivation and less burnout of staff. “It is much healthier and we do a better job if we’re not working crazy hours,” said Jan Schulz-Hofen, founder of…
Virgin Group founder and billionaire entrepreneur Sir Richard Branson has warned that in the event of a no deal or hard Brexit, the UK will be left “near bankrupt”. In an interview with the BBC he said that he was “absolutely certain” that if the United Kingdom left the European Union (EU) without striking any…
Talks about the possibility of multibillion dollars fines being imposed on Facebook surfaced in Europe after a European regulator said on Friday that an investigation into why the largest social media company of the world was repeatedly failing to protect user privacy is being launched by it. After receiving multiple reports of data breaches impacting…
New challenges have cropped up for Chinese tech giant Huawei in Europe following an announcement by Germany’s Deutsche Telekom about its decision to review its vendor strategy. Additionally, Orange has also said that equipment from the Chinese company would not be used by it for its project of setting up the 5G network in France.…
Private pictures of millions of its users were exposed by Facebook without taking permission from the users, announced the largest social media platform of the world on Friday. Those photos that Facebook users might have shared publicly might have been accessed by third-party app developers because of a bug in recent times, the company said…
While not ruling out the possibility of a future launch, a US congressional panel on Tuesday was informed by Google chief executive Sundar Pichai that the company did not have any immediate plans to launch any search engine specifically for the Chinese market. Earlier in August, the US lawmakers in a letter were informed by…
