The development piles up more investor pressure on Xiaomi’s stock, which is already down by 30% since its July 2018 IPO. On Tuesday, Chinese authorities disclosed, smartphone maker Xioami Corp had committed accounting errors. With the news reaching the market, Xioami’s Hong Kong-listed shares turned south midst a wider sell-off of China tech stocks. In…
A lack of airwaves is likely to result in higher prices during auctions; this will mean carriers will have to shell out more resulting in a potential fund crunch for further investments on new mobile infrastructures that are crucial to leverage the benefits of 5G technology which promises to connect everything ranging from autonomous vehicles…
The reparations of the app redesign and the increasing competition from Instagram has resulted in a continuous loss of users of Snapchat. For the three months ending in September, there has been a drop of 1 per cent compared to the previous quarter in the number of daily active users of Snapchat as announced by…
United States national security adviser John Bolton said on Firday that Russian President Vladimir Putin has been again invited by the Trump administration to to visit Washington, DC in 2019. “We have invited President Putin to Washington after the first of the year for basically a full day of consultations,” Bolton said at a news…
Climate advisers to the United Kingdom government claims that the government needs to formulate a new strategy to prevent the negative impacts of a rising sea level even as the English coastline is continuously battered by floods and erosion. Such devastating events have already been witnessed by resident in the vulnerable areas such as north…
In the modern world where gadgets are powered by battery sources, an important source of such power are lithium ion batteries that keep out devices – from smartphones to electric vehicles, functional. The growth and popularity of these types of batteries has been accorded to their light weight, high energy density and ability to be…
A new report on the growth of billionaires in the world noted that a new billionaire is created China every week. The report also found that there was an increase of 19 per cent in the collective wealth of the world’s billionaires – with their accumulated wealth reaching a whopping $8.9 trillion last year. In…
British Airways has clarified that customers who were potentially impacted by the hacking attack are those who opted for reward bookings between April 21 2018 and July 28 2018 using a payment card. In yet another hacker attack, the International Airlines Group disclosed following an investigation into the theft of customers’ data at its British…
The Trump Administration is moving to develop a comprehensive long term spectrum strategy to prepare for the launch of next-generation 5G wireless networks. In a significant development, U.S. President Donald Trump has signed a presidential memorandum directing the U.S. Commerce Department to develop a long-term comprehensive national spectrum strategy to prepare for the launch of…
Although Intel has forecast higher revenues for its fourth quarter, it has conceded that in the long term trade tensions with China could act as headwinds. On the back of strong demands for Intel chips for personal computers and high margins from its data center business, Intel Corp announced its quarterly revenues which beat analysts’…
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