The Swedish furniture company Ikea is on a cost cutting spree and would be shutting down its only factory in the United States in December this year. The factory is situated in Danville, Virginia and all production work in the factory would be shifted to Europe. The company says that the logic behind the decision…
Servers of Bulgaria’s National Revenue Agency (NRA) have been targeted. The Bulgarians realized it only after a purported hackers, claiming to be Russian, sent an e-mail to the local media, with the aim of selling the stolen data. On Tuesday, in a significant development, the Bulgarian government stated, hackers have managed to steal the personal…
Vodafone is following a dual vendor strategy for its 5G networks; given its security concerns consumer data could probably be at stake especially if it is routed through Chinese servers. On Tuesday, Vodafone stated it was launching 5G services in Germany. The development sees Vodafone offering cheaper deals than industry leader Deutsche Telekom; its services…
Media reports in the United States claim that a record fine of $5 billion on Facebook was approved by the regulators of the country in pursuit of settlement of an investigation that was being conducted against the social media platform over alleged violation of data privacy. The case relate to the data of up to…
The layoffs are expected to be in the hundreds and is likely to effect those in research positions in the company.
The results of the tender will be declared by the end of this year with a launch in 2020 continuing through 2023. Israel has launched a tender for 5G cellular services in the country. Israel is expecting three groups to bid for 5G cellular frequencies, in a bidding that is expected to be fierce, the…
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…
