This is the reason why the automaker was forced to recall 1.2 million cars in Japan. On Wednesday, Japan’s transport ministry stated it had carried out spot inspections at two of Nissan Motor Co Ltd’s plants which produce vehicles. The development assumes significance in the wake of irregularities which forced the automaker to recall 1.2…
OLED displays are set to gain market share with Japan Display preparing to mass produce them from 2019. On Wednesday, shares of Japan Display Inc have jumped by 24% after Japan’s Nikkei business daily reported that the company had developed a way to mass-produce lower-cost organic light-emitting diode (OLED) screens and which it would start…
Many large U.S. tech companies routinely transfer private EU citizen’s data without sufficient protection from U.S. mass surveillance. On Tuesday, in a case which has significant implication for many big companies, Ireland’s High Court stated it would ask EU’s top court to rule on the way in which internet companies, including Facebook, Apple and Google,…
The U.S. automaker is planning on ramping up its electric vehicle lineup to tap increasing Chinese demand for electric vehicles. According to two high ranking sources with Ford Motors Co, the U.S. automaker is planing on overhauling its China strategy since its global “One Ford” idea is not having the required impact in China, the…
Asatsu-DK Inc is Japan’s third largest advertising agency. Bain has stated it will step away from its bid if it fails to acquire a stake larger than 50.1% in the company. In what could potentially be one of Japan’s largest buyouts this year, Bain Capital, a U.S. private equity firm disclosed it purchase Asatsu-DK Inc,…
Although a succession plan is ready and analysts no change in the company’s profitability, however, new emerging technologies could potentially see a spike in TSMC’s costs, said analysts.
The move mirrors similar announcements made by the U.S. and China where increased trading volumes of cryptocurrencies have sparked concerns. On Friday, South Korea’s financial regulator has stated it will ban the raising of funds through all forms of virtual currencies, including Initial Coin Offering, (ICO), in a move that mirrors China’s restriction on initial…
South Australia’s power blackout could be history thanks to Tesla’s “Hollywood solution”. Almost a year after South Australia suffered a major blackout, it has started building the world’s biggest battery to help keep its electricity grid on and humming in what is being slated as Australia’s most wind-dependent state. With Tesla winning the bid to…
Google’s gain is Microsoft’s loss. Microsoft will now focus on increasing Bing’s footprint in the PC market. Satya Nadella, Microsoft Corp’s CEO, said Bing, the company’s search engine, will focus on expanding its footprint in the PC market as opposed to the mobile market. The announcement comes in the wake of Microsoft losing its deal…
The upcoming legislation is part of a bipartisan deal that is aimed at easing the entry of self-driving vehicles on U.S. roads. Late on Wednesday, two U.S. senators disclosed that a bipartisan deal had been hammered out on legislation aimed at easing out the hurdles for getting self-driving vehicles to the market. As per Senator…
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