The decision of the United States President Donald Trump to openly declare that auto and auto parts imported into the US were a threat to its national security has been severely criticized by the top Japanese auto maker Toyota Motor on Friday. The Trump administration has announced a delay of six months in the imposing…
One of the primary reasons why Japan could be impacted by the ban on Huawei is intertwined supply chains. On Friday, Japan’s Finance Minister Taro Aso stated, the U.S bid to block Huawei Technologies from purchasing American technology is likely to impact Japanese companies and weign on the country’s economic growth prospects. “There are Japanese…
People should not get bankrupt because of health care related expenditure, believes Doug Hirsch, co-founder and co-CEO of digital pharmacy GoodRx, and says that it is important to take measures to prevent such things happening. In a television interview, Hirsch said that the average American is left in a bind because the average deductible costs…
Facebook, which was once considered to be among the best employers in the tech industry globally, is now not the company of choice for the talented candidates with alternative employment. Analysts say that this is a direct fall out of the scandal related to the data breach and privacy related scandal linked to Cambridge Analytica…
A new ‘flying taxi’ that can take off vertically form a static position could become the base for launching an on demand air service within six years, claimed a German start-up Lilium which unveiled this new vehicles. The new vehicle which has jets engines powered by electricity and has five passenger seats, would be able…
Nestle SA announced on Thursday that it is ha started a process of exclusive talks and negotiations with a consortium led by EQT Partners and Abu Dhabi’s ADIA for the possibility of the sale of its skin health business. It is estimated that any deal for the business unit would not be less than 10.2…
Antitrust authorities of the European Union have imposed a fine totaling 1.07 billion euros ($1.2 billion) on some of the major banks of the region which are Barclays, Citigroup, J.P. Morgan, MUFG and Royal Bank of Scotland. The charge against the bank is that they had taken part in the rigging of the spot foreign…
The global supply chain of the Chinese telecom giant Huawei is set to be upended and the almost $105 billion business of the world’s top supplier of telecoms network equipment is set o be rattled by the decision of the United States to blacklist the company. Following an executive order issued by the US president…
Although there have been a few instances of Tesla EVs catching fire, they have come mostly after a crash. With Tesla’s OTA software update, Tesla cars such as the Model S and Model S will have revised thermal and charge management settings. On Thursday, following two incidents of Tesla Model S electric vehicles catching fire…
Huawei will need a U.S. government license to purchase U.S. technology. The order will come into effect in the coming days. In a significant development, the U.S. Commerce Department stated it has added China’s Huawei Technologies Co Ltd along with 70 of its affiliates to a “Entity List”, thus placing a ban on the telecom…
