The global chip market which apparently has softened considerably, after years of booming growth, hit the first-quarter net profits of South Korean electronic giant Samsung Electronics hard. The biggest smartphone and memory chip maker of the world reported a slump in profits for the most recent quarter. The company reported a 56.9 per cent year-on-year…
Tesla’s offer is a dream come true for those aspiring to live a healthy fossil-fuel free lifestyle. Tesla’s solar roof generates solar energy without the need for traditional rooftop panels. On Tuesday, as per a report from the New York Times, Tesla Inc plans on reducing the price of its solar panels and related equipment…
While software vulnerabilities are a common occurrence and Huawei was quick to patch them, what the Chinese telecom equipment maker keeps side stepping is the fact that it cannot avoid being a vehicle for Chinese intelligence since it has to comply to China’s 2017 cybersecurity law. On Tuesday, Europe’s biggest telecom group Vodafone stated, it…
Apple’s own guidance for the second quarter is that its sales would be down year-on-year and it is widely expected to announce this when its reports its second quarter performance soon. All through the year, there has been in the negative headlines. For example, a drop in iPhone sales in China forced the company on…
With the aim of loosing dependency on western aircraft manufacturers and because it is set to soon become the largest aviation market in the world, China has been striving to develop its own plane manufacturing industry for the past decade. However there has been criticism of the aircrafts created by Commercial Aircraft Corporation of China…
The rival companies of Starbucks are aiming for making short term gains through concessions while the US based company is making and implementing strategies aimed to make long term gains that would help it to achieve sustainability, said the company’s CEO Kevin Johnson. “Some of those competitors are competing through heavy, heavy discounts that we…
Germany wants to be in the race for emerging space market and is preparing draft new laws and measures to attract private investment. The space market is expected to be worth about $1 trillion a year by the 2040s and countries like the United States and China and even tiny Luxembourg are making their mark…
Jaguar Land Rover cars will have built-in smart wallets through which drivers can earn IOTA coins. On Monday, Britain’s biggest auto manufacturer, Jaguar Land Rover stated, it is testing a software that allows drivers of its cars to earn the IOTA cryptocurrency as a reward for sharing data. Jaguar Land Rover is developing a “smart…
There would be continued negative impact on growth in the near term because of Brexit related uncertainties, warned Royal Bank of Scotland (RBS) as it reported a fall in its profits for the first three months of the current fiscal year. The bank reported a 12.5 per cent year on year decrease in the profits…
A case has been filed against a company based in Upper Hutt and three individuals based in NewZealand by Facebook and Instagram in a United States court alleging that the accused helped others in the creation of Instagram followers that were fake. The company called Social Media Series Limited has a registered address on McCarthy…
