The siding is just pressure tactics in a battle of who will blink first. In a significant development a group representing major technology companies has sided with Apple in its legal dispute with Qualcomm. The industry body has called on regulators to reject Qualcomm’s bid to ban the import of iPhones. The lobby group representing…
Apple’s iPhone 9 is slated to be launched in 2018. On Friday, a Korean newspaper reported South Korean firm LG Chem, in an exclusive deal, is slated to provide batteries to Apple’s next flagship, iPhone 9, which is likely to be launched in 2018. The South Korea Economic Daily has reported citing an anonymous industry…
In Western Australia’s Pilbara region, the rights and claims over land used by Fortescue Metals Group to mine millions of tonnes of iron ore, of an indigenous Aboriginal group were withheld as the Australia’s Federal Court ruled in favor of the indigenous Aboriginal group. Iron ore giant’s Solomon mining hub, a vast mineral-rich project capable…
Spark is being seen as a cross between Pinterest and Instagram with a bent for e-commerce. In a significant development, Amazon.com has forayed into the social media with the launch of Spark, a platform currently available only to Prime members, wherein they can upload photos and videos much like other popular social media platforms, including…
This is significant since GE is aiming to develop next generation thermal power technology and control systems. As per a statement from the Pentagon, General Electric Co has been awarded a defense contract worth up to $409 million. The contract is for developing next-generation thermal power plants and control systems, as part of a government…
A group of four companies that assemble the iPhone and other products on behalf of Apple Inc have filed a fresh set of antitrust allegations against the iPhone chip supplier Qualcomm Inc. Qualcomm violated two sections of the Sherman Act, a U.S. antitrust law, alleged Foxconn parent Hon Hai Precision Industry Co, Wistron Corp, Compal…
While there are some sticking points are still being hashed out, the chances of a deal between the two Indian e-commerce rivals – Flipkart and Snapdeal, have improved after the Indian e-commerce firm Flipkart’s sweetened its takeover offer of up to $950 million for Snapdeal, reported the media quoting two sources familiar with the matter.…
Britain is likely to see an increase in the number of Payment Service Providers in 2018. In a move designed to boost the growth of fintech companies, Britain’s central bank, the Bank of England has widened access to Britain’s interbank payments system to new fintech firms, an area that was previously dominated by the “Big…
The LSEG is collaborating with IBM to develop a platform based on an opensource version of bitcoin tech called Hyperledger Fabric. In a significant development for the development of bitcoin technology, the London Stock Exchange Group Plc is collaborating with IBM so as to build a blockchain-based platform for the purpose of issuing private shares…
A final decision on the sale is likely to be known by the end of this week. According to sources familiar with the matter at hand, a consortium of private equity firms, including, TPG Capital Management LP, I Squared Capital Advisors LLC and MBK Partners have placed their separate bids for the fixed-line phone unit…
