According to two German Government sources, the German foreign ministry has imposed restrictions on the usage of Zoom video conferencing services to fixed-connection computers following security security concerns. According to a source, the decision is aimed at curbing the usage of Zoom on mobile devices; he went on to add, since the app does not…
On Wednesday, Taiwanese electronics manufacturing giant Foxconn stated, it will partner with U.S. firm Medtronic Plc to manufacture ventilators to help patients afflicted by the Wuhan coronavirus outbreak. Formally known as Hon Hai Precision Industry Co Ltd, Foxconn is best known for assembling Apple’s iPhones at factories in China. Foxconn’s statement, released through the company’s…
The second largest cinema chain of the world – Cineworld, was forced to close down all of its cinemas globally because of the coronavirus related restrictions in many countries of the world and it is now in talks with landlords and film studios to try and save as much of cash as possible, until business…
A package worth almost $1 trillion is being committed by Japan to be used for supporting its economy from the hit of the coronavirus pandemic. A 108 trillion yen ($989 billion) relief package was announced by the Japanese Prime Minister Shinzo Abe on Monday. The amount is staggering and is equivalent to about 20 per…
On Tuesday, in a statement the Ifo institute said, German industrial output is likely to touch a new low in the coming three months, even as its index for production expectations saw its biggest drop since the survey was first conducted in 1991. In March, the index dropped to -20.8 points from 2.0. “We are…
Industry groups are pushing back proposed changes to U.S. export controls regulations which are aimed at curbing the sale of high technology chips to Chinese companies, highlighting the role played by chips in addressing the COVID-19 pandemic. Nine industry groups have urged U.S. Commerce Secretary Wilbur Ross to allow public comments before allowing the rules…
In a statement, Honda Motor Co and Fiat Chrysler Automobiles NV said, they are hoping to restart auto production at their U.S. and Canadian facilities in May. Honda Motor which had halted auto production on March 23, 2020 said, it will extend the production halt through May 1. Fiat Chrysler said, it “intends to progressively…
Thousands of Volkswagen car owners of the United Kingdom apparently won the first stage of a High Court action against the German auto giant over the allegations of fitting emission cheating devices in the diesel vehicles manufactured by it. The latest court ruling came after a preliminary hearing in December in which the court was…
An investment of $250 million in Vir Biotechnology Inc., along with collaboration, will be made by British drugmaker GlaxoSmithKline for the development of possible treatment for Covid-19, the disease caused by the novel coronavirus. Following this announcement by the companies, there was a 35 per cent jump in the shares of Vir while a 1…
In a video posted on Tesla’s YouTube channel, Tesla’s engineers have showcased a prototype for a ventilator. Tesla is gearing to produce thousands of ventilators to help hospitals around the country who have been overwhelmed by the Wuhan coronavirus outbreak. According to one of the engineers, the design relives heavily on Tesla car parts. This…
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