Chinese telecom company ZTE Corp had been subject to U.S. sanctions. Its controlling state-owned controlling shareholder Zhongxingxin Telecom plan on selling as much as 2% of its shares once the stock has doubled its value. According to regulatory filing, the controlling stakeholders of China’s ZTE Corp’s plan to slash their stake, by as much as…
Uber has added half a dozen investment banks, including Bank of America Corp, Citigroup Inc, Barclays Plc, Deutsche Bank AG, Allen & Company, and JMP Securities, to its IPO underwriting lineup. According to sources familiar with the matter at hand, Uber Technologies Inc has hired a string of investment banks to its syndicate as its…
Boeing had been working on the software upgrade since Lion Air’s crash in October 2018. Following a statement from the U.S. Federal Aviation Administration that it would mandate “design changes” in Boeing’s 737 MAX 8 aircraft, the airplane maker confirmed that it would do so by April. On Sunday, Ethiopian Airlines crash in connection to…
Siemens beat Huawei in the number of patent applications filed with the European Patent Office in 2018. On Tuesday, in a statement the European Patent Office stated, Germany’s top industrial group Siemens had filed the maximum number of patent applications in Europe in 2018. Siemens was followed by China’s Huawei. In 2017, the Chinese telecom…
Microsoft has demanded that Foxconn pay patent royalties in its latest lawsuit. On Tuesday, Foxconn’s CEO Terry Gou stated, it does not expect to suffer any loss as a result of a lawsuit filed by Microsoft Corp. In its lawsuit, Microsoft has stated, Foxconn has not paid its patent royalties. At a press conference in…
As per a source Nvidia has outbid Intel Corp for Mellanox. The deal assumes strategic importance since it will reduce Nvidia’s dependency on the gaming industry for its revenues. As per a source familiar with the matter at hand, Nvidia Corp is close to acquiring Mellanox Technologies Ltd for more than $7 billion. The potential…
Customers have until March 18 to snag Tesla’s electric cars at their old price points. U.S. electric carmaker Tesla Inc has stated, the prices of its high-end models will increase by around 3% on average. Tesla plans on keeping more retail stores open than it had earlier planned. Tesla has clarified that the worldwide price…
The information was disclosed by Pierre-Dimitri Gore-Coty, Uber’s vice president and regional general manager of Europe, Middle East, and Africa to German newspaper Funke Mediengruppe. Uber’s European chief Pierre-Dimitri Gore-Coty, Uber’s vice president and regional general manager of Europe, Middle East, and Africa, told German news daily Funke Mediengruppe that Uber Technologies Inc plans on…
Western democracies are aiming to take action against groups and states aiming to influence elections through voter manipulation and disinformation campaigns. On Thursday, British foreign minister Jeremy Hunt unveiled a “doctrine of deterrence”, which includes diplomatic and economic counter-measures, to prevent cyberattacks that threaten to turn elections into “tainted exercises”. The move, part of a…
Whitefly is a state-sponsored espionage group that has been very active in Singapore and has actively targeted its engineering, healthcare, telecoms and media sectors. According to a statement from Symantec Corp, the worst ever cyberattack suffered by Singapore, which saw the personal information of more than 1.5 million people stolen including that of the Prime…
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