Legal action against Uber is being contemplated by London’s black-cab drivers which also include filing of a suit against the ride hailing firm claiming over £1bn in damages on allegations of their loss of earnings. According to a report on Sky News, lawyers are being consulted by the Licensed Taxi Drivers’ Association at Mishcon de…
Qualcomm is amongst those companies that have been caught up in the trade wars initiated by United States president Donald Trump. In case the San Diego-based chipmaker is unable to get approvals from the Chinese authorities this week for its $44 billion acquisition of the Netherlands’ NXP Semiconductors, that deal would have to be abandoned. While…
American airlines and Hawaiian Airlines have made changes to their websites before a deadline set by China and has stopped referring to Taiwan in their flight schedules as demanded by Beijing. Sources have also been quoted in the media saying that Delta and United Continental would also soon do the same after consultations between the…
LG is bent on migrating towards making next-generation OLED panels and has slashed investments in its LCD business, which incidentally accounts for nearly 90% of its revenues. South Korea’s LG Display Co Ltd, a key supplier of panels for Apple, posted its second consecutive loss citing poor panel prices while slashing its investment plans by…
The deal is yet to be finalized since it has yet to get clearance from Linxens’s union, and regulatory approval from France and Germany. According to 5 sources with direct knowledge of the matter at hand, Tsinghua Unigroup Ltd, China top state-controlled chip manufacturer has signed a deal with Linxens, a French smart chip components…
Following the resignation of the European head of the car maker Fiat Chrysler because he had been over looked for the top post of the company, the newly crowned CEO of the company – Mike Manley has now also to look after the additional role for the carmaker’s European business. this adds to the problems…
The set of new proposals prepared by the British government which have been created for better protection of some of the most important business sectors and the technically advanced businesses, the British government is set to give more power to its ministers across all ministries which will allow them to prevent foreign takeovers on the…
Belgian also wants a fourth mobile operator to enter its market. On Tuesday, the Belgian government stated, it plans on auctioning mobile frequencies in late 2019 and wants a fourth mobile operator to enter the country to compete with Orange Belgium, Proximus, and Telenet’s BASE. Belgium is aiming to auction frequency bands in the 900,…
According to officials from the U.S. Department of Homeland Security, the Russian state-sponsored group known as Energetic Bear which also goes by the name of Dragonfly, have claimed “hundreds of victims” in 2017, which include U.S. electric utilities. As per a report from the Wall Street Journal, in 2017 Russian hackers had been able to…
Following complaints about the flooding of the domestic market with stainless steel that was damaging the local industry, an investigation into dumping allegations of the metal has bene launched in China. the estimated dumping of stainless steel through imports is worth $1.3 billion. The investigations will encompass a number of firms that include a privately…
