Airlines of Latin America and the Caribbean would be sold more than 1000 new passenger crafts by the European planemaker Airbus SE over the next 15 years which would account for about half of the aircrafts that would be needed to fulfill the expected demand in that time, claimed news reports. About 60 per cent…
With its U.S. launch two years in the making, 100,000 customers are on N26’s U.S. waiting list. A full launch is expected to take place later this summer. N26, a German digital banking startup announced, it has commence operations in the United States through a phased rollout of its app-based checking account and debit card.…
FCA plans on launching the 500 BEV first in European markets. Production will commence in the second quarter of 2020. With Fiat Chrysler moving on following its failed bid to merge with France’s Renault, the carmaker announced it plans on investing $788 million (700 million euros) to create an electric makeover of its iconic Fiat…
Japan Display, which depends on Apple Inc for the bulk of its revenues, has secured a funding bailout. The development was not announced earlier. On Friday, in a significant development Japan Display Inc stated, a group of investors led by China’s Harvest Group, an investment firm, had provided $738 million (80 billion yen) in funding…
In case of a no-deal Brexit, companies across Europe could be cut off from their lenders overnight, warned the Bank of England while sounding an alarm on the risks of a no deal to City banks. The shock of Britain crashing out without a deal at the end of October would be able to be…
According to the conclusion of a new research, about half of the highest-emitting and publicly listed companies of the world do not give any proper consideration while decision making to the potential risks of their activities resulting the climate crisis while about a quarter of such companies do not make any disclosure about their carbon…
IBM has proposed changes to Section 230 of the Communications Decency Act (CDA 230). If its proposals are incorporated into law, they will materially impact social media companies including Facebook, Facebook’s WhatsApp and Instagram as well as Alphabet Inc’s YouTube, to name a few. In a significant development, International Business Machines (IBM) Corp has proposed…
Huawei and ZTE are striving to increase transparency regarding their products in order to mitigate allegations of espionage. It is not clear whether these lab tests will cover re-routing of data through servers located in China, thus compromising unencrypted data. In a significant development, embattled Chinese telecom vendor ZTE opened a cybersecurity lab in Brussels,…
According to the U.S. Commerce Department, general merchandise with no “national security influences or consequences” can be sold to Huawei, which continues to remain in the Entity List. In a significant development, the U.S. Commerce Secretary Wilbur Ross stated, the U.S. government will issue licenses to companies seeking to sell goods to China’s Huawei where…
A recent study into the CVs of the employees of the Chinese tech giant Huawei has apparently shown that there are deep ties between the company and the military and intelligence agencies of China – an extent to which had not been earlier accepted by the Chinese company. The findings of the study showed that…
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