Japan Display’s bailout plan got slightly derailed following the withdrawal of Harvest Group, a Chinese investment firm from the bailout consortium. Following a sudden withdrawal of a Chinese investor group from its bailout plan, Japan Display Inc, an Apple Inc supplier stated, it aims to clinch a deal for least $468 million (50 billion yen)…
HP’s expects to cut 7,000 to 9,000 jobs through a combination of employee exits and voluntary early retirement and save around $1 billion by fiscal year 2022. U.S. personal computer maker HP Inc stated, it will cut up to 16% of its workforce as part of a restructuring measure aimed at pruning costs. In a…
Apple has asked its suppliers to raise production levels of its iPhone 11 range by up to 8 million units. On Friday, Japan’s Nikkei Asian Review reported reported, Apple Inc has asked its suppliers to raise the production levels of its iPhone 11 range by up to 8 million units, equivalent to 10% increase in…
Huawei has partnered with not only Malaysia’s Maxis Bhd, the country’s second largest mobile network operator by subscriber, but has also signed preliminary 5G agreements with Maxis rivals such as Axiata Group Bhd’s Celcom, as an added pressure. In a significant development, Malaysia’s Maxis Bhd stated, it has signed an agreement with China’s Huawei Technologies…
Clearly FB is eager to leave behind its scandalous past, especially its relation with Cambridge Analytica, and is eager to portray itself as a more secure platform for consumers. In a significant development, Facebook Inc’s Chief Executive Officer, Mark Zuckerberg defended his decision to encrypt Facebook’s messaging services despite growing concerns on criminal activity and…
Although Shinhan Financial Group Co Ltd’s investment was not disclosed, the funding round saw Bukalapak valued at more than $2.5 billion. On Friday, Indonesian e-commerce startup Bukalapak stated, South Korea’s Shinhan Financial Group Co Ltd has participated in its latest funding round which valued the company at over $2.5 billion. Bukalapak did not disclose the…
MyCC has imposed a daily penalty of 15,000 ringgit starting from today for as long as Grab fails “to take remedial actions as directed by the commission in addressing the competition concerns”. On Thursday, Malaysia’s competition regulator proposed to levy a fine of $20.53 million (86 million ringgit) on ride-hailing firm Grab for violating the…
Aiming to ride the crest of the e-commerce wave, Deutsche Post DHL intends to invest heavily into areas such as warehouse automation and analytics. Aiming to ride the e-commerce boom, Deutsche Post DHL set a new target of $5.77 billion (5.3 billion euros) for its operating profit saying it would invest heavily in areas such…
The Indian government’s so-called demonetisation drive in November of 2016 was a polarising, radical undertaking. Modi and his ministers would have people believe that it was a success. However, the sudden overnight cancellation of all 500- and 1000-rupee bank notes sewed chaos across the nation of 1.3 billion people. The damage to the Indian economy…
The contract is aimed at replacing the Defense Department’s IT office applications as well as provide tools for day-to-day office administration including email, word processing, collaboration, storage and file sharing. The U.S. Department of Defense along with the U.S. General Services Administration stated, they have awarded a contract worth $7.6 billion to General Dynamics Corp’s…
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