The development is to be seen within the context of the SEC calling for improved clarity on cyber risk disclosures and adopt specific policies restricting executive trading in shares especially during an on-going investigation of a hack. On Tuesday, the Financial Times reported that a consortium led by Citigroup Inc, Depository Trust & Clearing Corp…
Facebook Inc has hired Matthew Henick, to lead its global video content strategy and planning, and has hired Mike Bidgoli to lead its Facebook Watch product team. Through a social media post Facebook Inc disclosed that it has hired the former head of BuzzFeed Studios to lead its global video content; it also said, it…
Rueckert, who is currently heading SAP’s digital supply chain business, will assume the role of the president of Bosch Building Technologies division from August 1, 2018. The world’s biggest automotive supplier Robert Bosch has hired Tanja Rueckert, an expert in the“internet of things” from SAP, a business software maker. The internet of things, (IoT) refers…
Germany’s Infineon Technologies AG and China’s SAIC Motor Corp are to collaborate on making power modules for this booming electric vehicle market. On Friday, German chipmaker Infineon Technologies AG and China’s SAIC Motor Corp, a carmaker, agreed to set up a joint venture, SAIC Infineon Automotive Power Modules, to make power modules for the Chinese…
Boeing had tried to woo Malaysia’s budget airlines to lucrative offers in order to extend its lead in the long-haul market. Tony Fernandes, the CEO of AirAsia Bhd group, stated that the Malaysian budget airline will stick with Airbus and has currently no plans on purchasing aircrafts from U.S. planemaker Boeing Co. “Boeing is keen…
Areas of convergence that have been identified by the trio include engineering, manufacturing, purchasing and supply chains. On Thursday, the Renault-Nissan-Mitsubishi alliance stated it would boost the speed of convergence of technologies between the trio as they collaborate on key areas as part of a bigger, broader strategy to boost profits and lower costs. The…
Singapore aims to be the top Asian hub for cryptocurrencies and ICOs. On Thursday, an official from Singapore’s central bank stated that it is in the process of assessing whether additional regulations will be required in order to protect cryptocurrency investors. Singapore is aiming to be the top hub for financial technology and ICO offerings…
The power purchase deal is in line with Microsoft’s goal of powering at least 50% of its electrical load requirements of its global data center in 2018. On Thursday, Microsoft Corp stated it will buy solar power from the Singapore-based Sunseap Group. The deal marks the tech giant’s first such renewable energy deal in Asia.…
There was a fall of 10 percent – the daily limit for a company, on its debut in Shanghai, in the share of Qihoo 360 Technology. this is a company that was listed in New York earlier and had moved back into China through a back-door listing. The US$62 billion market capitalization of the company…
Adopting a strategy of open-source software is being followed by Amazon.com Inc. for its voice-based Alexa digital assistant so that car makers and others are able to easily place it in their cars and chose it before Google. A number of speech-recognition technologies are being targeted by Amazon so that a number of in-vehicle apps…
