Even as there is increasing political pressure on the Chinese technology giant Hiawei, its CEO and founder repeatedly emphasized on Tuesday that the company would not conceded to demands from Chinese government and agencies if they wanted to access customer data and the company would never allow that. The concerns of the US government about…
The development marks Blockchain’s technology’s growing traction in the financial industry. In a development that marks Blockchain’s growing traction in the asset management industry, HSBC stated it had settled forex trades worth $250 billion (£194.15 billion) using blockchain in 2018. The development assumes significance since until now this sector had hesitations on embracing blockchain technology.…
According to news reports in the United States, the San Francisco utility company PG&E Corp could be headed towards bankruptcy because the company is facing possibility of liability for recent California wildfires worth billions of dollars. The organization has almost 16 million customers in central and northern California and the CEO of the company had…
Following the announcement by a Polish official that the country could reduce the amount of products of Chinese tech company Huawei by its public entities after a Huawei employee was arrested on allegations of spying in Poland, China said on Monday that “fabrications” about Huawei should be put to an end by countries The relationship…
There can an exodus of foreign executives working in the Japanese auto maker Nissan linked to the former and now jailed boss o f the company Carlos Ghosn, warn industry analysts following the sudden resignation of Jose Munoz who is amongst the highest-ranking foreign executives working with the company. This, they say, can be a…
The project will also see the participation of South Korea’s OCI and China’s Longi. As per a statement from a Saudi official, Saudi Arabia plans on developing a $2 billion solar and carbon black integrated complex in partnership with South Korea’s OCI and China’s Longi. A feasibility study for the carbon black and solar project…
ACWA Power’s plan has multiple sweet points given that it is aligned with Riyadh’s goal to diversify its economy and wean its economy away from just oil exports. In a development that places the development of power and water plants at the heart of Saudi Arabia’s bid to develop its renewable power industry, Riyadh-based ACWA…
The acquisition is aimed at increasing its foothold in the Nordic region. As per a statement from Meniga, a London-based fintech company, it is acquiring its Sweden-based peer Wrapp for an undisclosed amount. The acquisition is aimed at increasing its footprint in the Nordic region. Both companies provide merchants the ability to offer personalized rewards…
A top advisor to the European Court of Justice is of the opinion that search engines, including Google, should not be made to enforce the EU ‘right to be forgotten’ law beyond the boundaries of the bloc. As per an advisor to the European court of Justice, the European Union’s top court, Google and other…
With the shrinking of the global smartphone market, the force is being most felt by two of the biggest players. Warnings of a drop in sale and consequently profits for the last quarter of 2018 have been issued by both Apple and Samsung. Additionally, another South Korean tech company LG issued warning of a drop…
