Estonia’s parliament passes ‘Huawei law’ for telecom equipment security

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…

Chinese auto market 2020 is moderately positive: Daimler-BAIC’s CEO

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…

Venture capital arm of Intel Corp invests in 2 Chinese startups

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…

Abbott Labs’ New Coronavirus Antibody Test Granted Emergency Use Authorization By US FDA

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…

Logitech reports 13.6% rise in sales during fourth quarter with work from home boosting demand

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…