Although Foxconn’s chairman Terry Gou plans on retiring in order to run for elections, the company’s filing with Taiwan’s stock exchange shows his name in the proposed candidates for the company’s new board.
The upswing in Bitcoin prices comes at a time of ongoing blockchain and cryptocurrency conference in New York, which is attended by influential market players and big investors. Late on Monday, the price of bitcoin surged to more than $8,000 – its highest level since July 2017. The crypto currency’s rally is gaining further momentum.…
A preliminary investigation into the alleged illegally filed that had been put together on behalf of the US pesticides manufacturer Monsanto related to the views and pliability of high-profile figures and media outlets numbering into hundreds. Te investigation has been initiated by French authorities according to reports. That Paris prosecutors office said that a complaint…
Uber’s public flat – the most anticipated tech stock IPO in the US since the Facebook IPO, failed to perform according expectations on Friday. According to data from Dealogic, Uber’s IPO performed fifth worst in 24 years according to at least one measure – the weakest one-day return by a company that had a value…
A new mobile app will be launched by sports apparel manufacturing company Nike which is powered by a new augmented reality tool which can be used by users to actually measure the size of their feet and accordingly suggest the sneakers that would be the best fit. And while many would try and say that…
Ford is reconceptualizing its vehicle line up as well as the future business strategy, say officials of the US car making company while announcing that it is set to unveil later this year its first long-range electric vehicle. In its more than 100 year history, Ford is undergoing the most dramatic transformation as the company…
The FCC will now shift its focus on existing Chinese carriers including China Unicom and China Telecom Corp. In a significant development, the Federal Communications Commission (FCC), voted unanimously to block China Mobile Ltd’s bid to provide communication services in the United States citing risks of espionage. China Mobile is owned by the Chinese government.…
Amazon.com’s alleged data collection through its smart speakers of children is in violation of the Children’s Online Privacy Protection Act (COPPA). In a potentially significant development, 4 senators from the United States have urged the Federal Trade Commission to investigate Amazon.com’s smart speaker which target children. Senators Richard Blumenthal, Edward J. Markey, Josh Hawley and…
Binance’s users will not affected by the hack since the crypto currency exchange would use its secure asset funds to cover the loss. On Wednesday, in a significant development, hackers have managed to steal bitcoins worth $41 million from Binance, one of the world’s largest cryptocurrency exchanges. The development marks the latest theft in a…
Porsche clearly aims to move past the dieselgate scandal and has chosen not to appeal the fine. German prosecutors have imposed a fine of $598 million (535 million euro) on luxury carmaker Porsche AG, a unit of Volkswagen, for lapses in supervisory duties which allowed the company to cheat diesel emissions tests. According to the…
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