As per a news report from the New York Times citing sources familiar with the deliberations at hand, the Trump Administration is set to extend a license which allows U.S. companies to continue doing business with Huawei Technologies Co Ltd. An earlier reprieve issued by the U.S. Commerce Department is set to expire on Monday.…
In a statement Amazon.com Inc disclosed it is contesting the Pentagon’s award of an up to $10 billion cloud computing deal to Microsoft Corp. Amazon.com has expressed concerns that politics may have got in the way of a fair contracting process. Last Friday, Amazon.com had filed a notice that it will formally resist the decision…
The fact that the large German car makers are finding it difficult to make large investments in electric car technology became evident as Mercedes-Benz said that it plans to save €1.65bn through retrenchment of more than a thousand jobs in its various locations. All of the major global auto companies are under pressure because of…
Following a series of tweets by David Heinemeier Hansson wherein he criticized Apple Card’s algorithm, saying it gave him 20 times the credit limit compared to the one his wife received, U.S. Senator Elizabeth Warren questioned Goldman Sachs’s response to the allegations of bias in how the bank evaluates applicants for Apple Inc’s credit card.…
As per a report from the Wall Street Journal, starting next year, Alphabet Inc’s Google will offer checking accounts to customers as it increases it footprint in finance. According to the report, the project, named Cache, will have accounts by Citigroup Inc and a credit union at Stanford University. “Our approach is going to be…
The server of an industry group in the United States that represents manufacturers of the country and one that has helped shape President Donald Trump’s trade policies was hacked by suspected Chinese hackers earlier this year even as the negotiations on trade between the US and China had intensified. According a report published by the…
On Wednesday, Japan’s fashion group Fast Retailing Co Ltd stated, it has partnered with two robotics startups to help improve efficiency in its warehousing and distribution strategy. Fast Retailing, the owner of clothing chain Uniqlo and also Asia’s biggest fashion retailer by sales said, it plans on investing $916.59 million (100 billion yen) to increase…
In a development that paves the way for U.S. companies to use Brazil’s Alcantara base in the Northeastern-state of Maranhao to launch satellites, the Brazilian Senate has approved the ratification of an agreement signed earlier this year to safeguard U.S. space and defense technology. The agreement was earlier signed in March 2019 during an official…
On Wednesday, Alibaba Group Holding Ltd backed Chinese electric vehicle (EV) manufacturer Xpeng stated it has raised $400 million from investors including Xiaomi Corp, to fund its growth. The fundraising comes at a time when industry watchers as well as bankers describe as an increasingly tough financing environment for Chinese EV startups who are jostling…
As per a report from the Wall Street Journal, a U.S. federal regulator has initiated an investigation into a cloud computing deal between Alphabet Inc’s Google and Ascension Health which would give Google access to detailed health information of millions of patients. The Office for Civil Rights in the Department of Health and Human Services…
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