Under pressure from the U.S.-China trade war, Huawei’s CEO Ren Zhengfei sees a revival of the company’s fortunes only in 2021. As per a report from Bloomberg, Huawei Technologies Co Ltd is preparing for a 40% to 60% decline in sales from the international market. According to Bloomberg’s report which cites sources familiar with the…
While self-driving car technology advances are solving a host of problems, the one problem that is being introduced is boredom. How do you occupy the passengers of the vehicle as the car accelerates and steers sideways? With the advent of autonomous vehicles, there will be no need for the driver to sit tight and pay…
China’s firewall although broadly effective, is not 100% full proof, content posted on individual accounts were not immediately censored. In a significant development, Chinese censors are working hard to block and erase news of the Hong Kong protests on social media and search platforms. There has been a surge of interests from mainland Chinese users…
Backers include PayPal, Visa Inc, Uber Technologies Inc and Mastercard Inc. In a significant development, Facebook Inc’s cryptocurrency has received backing from more than a dozen companies including PayPal Holdings Inc, Visa Inc, Uber Technologies Inc and Mastercard Inc. According to a report from the Wall Street Journal, each company will invest nearly $10 million…
The new wave of tariffs which could go into effect from August 1, is likely to cover consumer electronics, including smartphones and tablets. With U.S. President Donald Trump deliberating whether to make good on his threat to impose tariffs on the remaining un-tariffed Chinese exports to the United States, Trump met Apple’s CEO Tim Cook…
China was the country of origin for the hacking of and a massive cyber attack on the messaging service of Telegram, said the company’s founder Pavel Durov. Confirmation of the company being the victim of a “powerful” Distributed Denial of Service attack was made by Telegram on Wednesday. The company said that the attack managed…
While market share and profits are key factors in growth, maintaining business relations with the U.S. ie equally if not more important. In a significant development, the world’s third biggest supplier of semiconductor manufacturing equipment, Japan’s Tokyo Electron, stated it will stop supplying its Chinese clients that have been blacklisted by Washington. China is locked…
The United States President Donald Trump would be willing to put in another bout of trade tariffs on Chinese goods imported into the US if he did not manage to arrive achieve a trade deal during his meeting with the Chinese President Xi Jinping during a scheduled meeting of the two leaders later this month…
An experimental medicine developed by a New Jersey-based drug company – Provention Bio, appeared to postpone the onset of type 1 diabetes in a clinical trial which pushed the shares of the company, which listed itself on the share market last year, more than tripped on the news. According to the results of the clinical…
The largest ever merge in the aerospace industry worth $121 billion could be created by the merger of the aerospace business of United Technologies Corp after it agreed to merge that business unit with that of US contractor Raytheon Co. The competitive landscape of the aerospace industry would be altered if the deal goes through…
