Industrial equipment giant Caterpillar is being hit by a slowdown which is impacting the confidence of investors. The fourth-quarter earnings of Caterpillar missed out on the estimates of Wall Street. There was a drop of 4 per cent in sale in its Asia/Pacific business compared to a year ago primarily because of “lower demand in…
The hit of the trade war is forcing Taiwan’s Advantech, the largest maker of industrial computers in the world, to plan boosting its US production. This would allow the company to avoid the 40 per cent tariffs imposed on the its goods by the United States if it were able to assemble more of its…
Telecom operators are designing 5G systems based on either Ericsson’s technology or that of Nokia Oyj. On Tuesday, Australia’s nascent network TPG Telecom Ltd stated, it would abandoned building its mobile telephone network which relied heavily on Huawei Technologies Co Ltd for equipment since the Australian government has banned Huawei on security grounds. Across the…
Intel is one of the biggest employers in Israel as well as one of its biggest exporters. Israel’s finance minister has stated, Intel Corp will sink in $10.9 billion (40 billion shekels) on a new chip plant factory in Israel, as part of its most recent multi-billion dollar investment in the country. “Intel’s global management…
The charges will test Beijing’s ability to compartmentalize the alleged violations of sanctions on Iran by Huawei from the ongoing trade negotiations. In a development of far reaching implications for U.S.-China bilateral relations, the United States has charged Huawei Technologies Co Ltd with criminal conspiracy to violate U.S. sanctions on Iran. The U.S. Justice Department…
The bug allows an iPhone user placing a video call using Apple’s FaceTime video calling feature to hear background audio from the recipient’s phone even if the recipient has not yet picked up the call. Apparently, the bug relies on Apple’s group video calling feature. Apple has stated, it will issue a software patch later…
All of the plastic parts used in packaging of products of Samsung Electronics would now be replaced some suitable alternative materials this year, said the South Korean company on Monday. The company announced that it would use recycled or bio-based plastics and paper in place of non destructible plastics staring from the first half of…
The severance package for the former boss of French car maker Renault should not be “exorbitant”, said the country’s finance minister on Sunday. The French government, which is the largest shareholder in the car company, also said that it would keep a close watch on the issue. Ghosn is under arrest in Japan on charges…
Some of Altran’s operations in Europe had been affected by the cyber attack. It is to be seen whether this attack was part of the DNS hijacking attack that Britain’s National Cyber Security Centre is investigating. On Monday, Altran Technologies, a French engineering consulting firm stated, it was hit by a cyber attack last Thursday…
The joint venture, BAIC-Xiaoju New Energy Auto Technology Co. Ltd, will see the two collaborate on new energy vehicles as well as artificial intelligence projects. On Monday, as per a statement released by China’s Didi Chuxing, it had set up a joint venture with BAIC’s Beijing Electric Vehicle Co., in order to work on new…
