Google has been slapped record fine of 4.34 billion euro ($5 billion) by EU antitrust regulators for allegedly squeezing out rivals by use of its Android mobile operating system. This fine is almost double of what the U.S. tech company was slapped last year in the US (2.4 billion euros – a previous record) for…
In China where the major services of Google have been blocked by the government, the US IT giant is attempting to try a new method to gain access into the market. An artificial intelligence game has bene launched by Google on WeChat which is the largest social media platform of China and is owned by…
According to the largest aircraft maker in the world, within the next 10-15 years, China will surpass the United States in terms of air travel market which will induce a significant increase in demand for crafts, said Boeing’s commercial marketing chief, Randy Tinseth. The latest global industry report by Boeing claims that in the next…
The escalating US-China trade row could lead to potential damage of business, warned the head of US aerospace and defence giant Boeing. “Aerospace thrives on free and open trade,” said the company’s chief executive Dennis Muilenburg. Concerns that costs for aircraft manufacturers could be pushed up were expressed by him. “The aerospace sector drives economic…
Apple has tied up with Nobel peace prize winner Malala Yusafzai as the IT major will be collaborating with Malala Fund through its 10 Apple Developer Academies in Brazil for furthering opportunities for girls’ education. The Malala Fund is engaged in offering safe, quality secondary education and opportunities for girls and is now expanding into…
The escalating US-China trade tensions is already having an impact on European businesses in China. An official with the European Union Chamber of Commerce in China, said that this despite the fact that it is not until next week that the first shot of an all-out trade war would be fired. Expecting that there would…
Shares of Nike reached a record high on Friday after the sports apparel company reported a 3 per cent increase in sales in the most recent quarter. Analysts said that Nike was back in fashion in North America again. This increase in revenues for the US sportswear company for the first quarter was its first…
Amazon has struck an acquisition deal that has the potential to cause huge ripples in the drugstore industry. The largest e-commerce firm in the world is all set to purchase online pharmacy PillPack. None of the companies have disclosed any details of the deal. The companies also announced that they anticipated to close the deal…
While there is rising pressure on large German conglomerates to take similar measures such as the one taken up by General Electric where it announced fragmentation of its business, company executives in Germany need to work in unison with the representative of the labor unions placed on their boards because they have the power to…
The acquisition of 21st Century Fox by Walt Disney worth $17.3 billion has been cleared by the Antitrust Division of the U.S. Department of Justice (DOJ). The U.S. Department of Justice has however mandated the sale of the Fox Sports Regional Networks. The time frame for Disney to conduct the sale would be 90 days…
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