Given bi-partisan concerns over the market power of these major digital technology companies, which include Google, Amazon, Facebook and Apple, their potential downsizing is very much a possibility. In a significant development that marks the latest sign of the Trump government stepping up is scrutiny over big tech firms, the U.S. Justice Department disclosed that…
A set of new smart diapers for children that would be able to track a child’s urine as well as sleep will be made by Pampers, the company announced earlier this week. A smart diaper developed on the same principle that sends out a text alter to parent to tell them that their child has…
The development comes at a time when there is a weak demand in the smartphone market. LG is probably aiming to keep its lead in the OLED TV market. On Tuesday, LG Display stated it would be investing $2.6 billion (3 trillion won) in its organic light-emitting diode (OLED) panels production line in South Korea.…
The report adds to the growing number of supporting documents to U.S. claims that China’s Huawei has violated in multiple instances US export control rules. According to a report from the Washington Post citing sources and internal documents, China’s Huawei Technologies Co Ltd has secretly helped North Korea to build and maintain its commercial wireless…
Intel’s earlier announcement of its exit from the 5G modem chip business, following settling a long standing dispute with Qualcomm, presents an opportunity for Apple. A potential deal with Intel is likely to squeeze Qualcomm since it is a key supplier of modem chips for Apple’s iPhones. Apple Inc aims to acquire Intel Corp’s smartphone-modem…
There is no word yet about when the grounded 737 Max jet planes of Boeing would again be allowed to fly in the air by regulators. The planes got grounded all across the world after two fatal crashes involving the planes happened within five months to each other – the first in Indonesia in October…
Participants in Atom Bank’s latest funding round includes, Woodford Patient Capital Trust, Toscafund, BBVA, and other funds. On Monday, embattled fund manager Neil Woodford stated, along with other investors it has invested an additional $62.42 million into digital lender Atom Bank. One of Britain’s best-known money managers, Woodford has left thousands of investors without access…
The world’s largest brewer Anheuser-Busch InBev would be selling out its Australian business to Japanese firm Asahi. Following the company confirming this agreement, there was a spike in its shares. The company also added that it was still contemplating taking public its Asian business operations. There was a 4 per cent spike in the shares…
The latest auto maker to issue profit warnings for the current year was Volvo as the Swedish auto company announced its plans of cost cutting of its fixed expenses by as much as 2 billion Swedish crowns or $214 million. The company said that its profitability was being dented by pricing pressure and the tariffs…
The computing center is of strategic importance since it will provide self-driving cars the required computing power to analyze real-time data including road and traffic conditions. On Friday, BMW stated, it is partnering with China’s Tencent Holdings to launch a computing center in China which will help develop self-driving cars. The computing center is expected…
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