The spread and impact of the new coronavirus in China threats all of its forecasts and results, warned the Japanese electronics and entertainment company Sony Corp. warned on Tuesday. This warning was issued by the company while the company also reported a decline in its earnings in the company’s fiscal third quarter primarily because of…
With the coronavirus pandemic continuing its run in China, Hyundai Motor stated, it plans on gradually suspending production at its South Korean factories from Tuesday. Hyundai is the first automaker to do so outside China. The coronavirus is disrupted supply chain. Other global automakers, including PSA Peugeot Citroen, Ford, Nissan, Honda Motors have suspended the…
On Tuesday, following Panasonic Corp’s first quarter report, shares of Asian companies in Tesla Inc’s battery supply chain surged. Panasonic’s battery venture with Tesla has boosted investor confidence in the U.S. electric vehicle (EV) maker. Panasonic’s first quarterly profit from its $1.6 billion investment in Tesla’s Gigafactory is also another validation of Tesla founder Elon…
On Monday, electric vehicle battery maker CATL stated, it has signed a battery supply agreement with U.S. electric vehicle giant Tesla. In a stock exchange filing, CATL disclosed, Tesla will determine the volume of battery purchases that it requires based on its needs, between July 2020 and June 2022. The agreement does not impose restrictions…
Zero Hedge, a financial market website has been banned from Twitter following the posting of a report which linked a Chinese scientist to the fast-spreading coronavirus outbreak in China. Late last week Zero Hedge said, it has received a notification from Twitter accusing it of violating its “rules against abuse and harassment.” The outbreak of…
On Saturday, Apple Inc stated, it has decided to shutdown all of its stores in mainland China upto February 9, over the outbreak of the coronavirus whose death toll has more than doubled to over 250 from a week ago. Apple did not immediately respond to further requests for comments.
United States based social media company Facebook has reached an agreement to settle charges against it that it did not take consent of its users before collecting and storing biometric data of millions of users for in a deal worth $550 million. On the other hand, the company’s co-founder and Chief Executive Mark Zuckerberg promised…
Plastic card companies could follow the footsteps of large United States based tech giants in becoming $1 trillion companies in terms of stock value. Share prices of credit and debit card companies Visa Inc and Mastercard Inc have gained about 50 per cent over the last year and are ranked 7th and 11th among companies…
A day after the European Union refused to ban the Chinese telecom equipment maker Huawie form participating in 5G networks, Nokia and Ericsson were chosen over the Chinese firm by France’s largest telecoms company Orange for construction of its 5G mobile network in the country., Huawei has been facing stiff opposition from the United States…
On Friday, LG Display Co Ltd, an Apple Inc supplier offered an optimistic outlook for the year on the back of higher demand for its organic light-emitting diode (OLED) panels sending its shares higher by 4%. The optmistic forecast comes in the wake of the South Korean company seeing prolonged decline in liquid crystal display…
