Apple’s own guidance for the second quarter is that its sales would be down year-on-year and it is widely expected to announce this when its reports its second quarter performance soon. All through the year, there has been in the negative headlines. For example, a drop in iPhone sales in China forced the company on…
With the aim of loosing dependency on western aircraft manufacturers and because it is set to soon become the largest aviation market in the world, China has been striving to develop its own plane manufacturing industry for the past decade. However there has been criticism of the aircrafts created by Commercial Aircraft Corporation of China…
Germany wants to be in the race for emerging space market and is preparing draft new laws and measures to attract private investment. The space market is expected to be worth about $1 trillion a year by the 2040s and countries like the United States and China and even tiny Luxembourg are making their mark…
Jaguar Land Rover cars will have built-in smart wallets through which drivers can earn IOTA coins. On Monday, Britain’s biggest auto manufacturer, Jaguar Land Rover stated, it is testing a software that allows drivers of its cars to earn the IOTA cryptocurrency as a reward for sharing data. Jaguar Land Rover is developing a “smart…
Despite the preparation by the social media giant for the payment of a record-setting penalty for settlement of privacy issues with the U.S. regulators, Wall Street seemed to care less as the company announced increased number of users and heightened profit expectations for the first quarter of the current year. Facebook has been facing probes…
The United States has continued to keep Alibaba’s taobao.com, China’s biggest e-commerce platform on this blacklist. Continuing its crackdown on Chinese companies which exploit and steal U.S. intellectual property, the United States added Pinduoduo.com, China’s third-largest e-commerce platform to its list of “notorious markets” for violations of intellectual property rights. The United States also kept…
While there are several competitors in the fray to provide internet access to underserved areas, SoftBank and Alphabet opine collaboration could be the key to their solution gaining wider traction and broader adoption. In a significant development, SoftBank Corp stated, it will be investing $125 million in one of Alphabet Inc’s spinoff working to find…
The development comes in the wake of Elon Musk, Tesla’s CEO, tweeting that Panasonic has been a constraint on Tesla’s production of the Model 3 since July 2018. Against the installed capacity of 35 GWh at Tesla’s Gigafactory at Nevada, Panasonic has operationalized only 24 GWh. On Thursday, as per a source familiar with the…
Solidarity to their compatriot tech workers in China was expressed by employees of Microsoft through a letter that they got published on the software development platform Github. Workers of tech companies in the United States have made use of this platform, owned by Microsoft, for expressing their views and lodging complaints about the grueling working…
After having closed the acquisition of overseas based Costa Coffee in a deal worth $5 billion in the first quarter of the current year, Coca-Cola is now eyeing greater involvement with the wider coffee industry. After Starbucks, Costa Coffee is the largest coffee brand in the world. The company CEO James Quincey does not want…
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