After being forced to test out work from home because of travel restrictions and lockdowns by governments all across the world to prevent the spread of the novwl coronavirus pandemic, the social media company Twitter has now directed its staff that anyone who wishes to and are able to work from home could do so…
In a significant development, Estonia’s parliament has approved a new law – Electronics Communications Act – to ensure that proper security reviews are undertaken for the installation of telecom equipment for future communication networks. The law, which lawmakers dubbed the “Huawei law” in reference to the Chinese telecommunications company, leaves the details of implementation to…
On Wednesday, the CEO of Daimler-BAIC’s joint venture’s stated, he views the Chinese auto market in 2020 as “moderately positive”; his assessment is based on its April sales performance in China. Daimler-BAIC’s CEO Arno van der Merwe made the comments during a visit to the Beijing Benz Automotive Co’s plant. He did not comment on…
On Wednesday, Bloomberg reported that Nissan Motor Co plans on undertaking an annual $2.8 billion fixed costs restructuring as it braces for a drop in sales, which could complicate its recovery from years of poor profitability. Following 3 years of poor profits, Nissan is set to announce its restructuring plan on May 28. It is…
On Wednesday, the venture arm of U.S. chipmaker Intel Corp, Intel Capital stated it has invested in two Chinese startups in the semiconductor sector. The fresh investments comes at a time when there is heightened tensions between Washington and Beijing over chip manufacturing. One of the Chinese startups, Intel Capital has invested is ProPlus. It…
The new novel coronavirus test that detects Covid-19 antibodies form Abbott Laboratories has been granted emergency use authorization for usage by the United States Food and Drug Administration, the company has said. The company has announced that this month, it aims to ship at least 30 million test kits and by June, the company will…
On Tuesday, Spark New Zealand Ltd stated, it will manage part of New Zealand’s allocation of 5G spectrum as the country prepares to roll out the next generation mobile technology over the next year. In a statement to the New Zealand Stock Exchange, Spark New Zealand Ltd said, it will be offered management rights to…
On Tuesday, Logitech International reported a rise of 13.6% in fourth-quarter sales. The development comes at a time when more people are working from home due to the coronavirus crisis. Logitech has rpeorted a fourth-quarter sales of $709.2 million, up from $624.3 million a year ago. Non-GAAP operating income rose 23.3% to $79 million in…
In a statement the China Passenger Car Association (CPCA) said, in April Tesla Inc sold 3,635 China-made Model 3 vehicles in the country, down by 64% from March. Tesla’s sales in the first month of each quarter are usually lower than the remaining two months. During an online briefing, CPCA said Tesla had produced more…
The coronavirus pandemic could lead to a 60 per cent drop in global sales of personal luxury goods in the second quarter of the current year, predicted a new report from Bain & Company. Many countries across the world have imposed strict lockdowns, asked people to stay indoors as much as possible and closed down…
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