Despite global trade tensions heightened consumer demand, in the form of e-commerce, is lifting the profit margins of air freight carriers. In a move that defies rising global trade tensions, e-commerce has become a driving force for air freight business thus significantly boosting the profit margins of many major airlines. According to the International Air…
China is making concerted efforts to bridge the strategic gap, vis-a-vis the U.S, that it currently lacks, in manufacturing semiconductors.
Despite facing manufacturing hell, Elon Musk, Tesla’s CEO, stated he is confident that the company will be able to meet and surmount challenges in the production of the Model 3 and that the company will be profitable in either the third or the fourth quarter of this year. In a significant development that will have…
The move marks a return to a segment that Sharp left nearly 8 years ago. It also underscores Sharp Corp’s improved health under Foxconn’s management. On Tuesday, Sharp Corp disclosed it will acquire Toshiba Corp’s personal computer business for $36 million. The announcement underscores its recovery under Foxconn and marks its return to a business…
Grab Ventures will be the vehicle through which Singapore-based Grab will expand beyond ride hailing services into areas including financials, food services and logistics. On Tuesday, Singapore-based Grab, launched launched its innovation arm, Grab Ventures in order to support and develop technology start-ups in sectors including food services, transport, financial services, logistics. The development assumes…
Toshiba Memory, the world’s second biggest NAND chip producers, will need to a host of technologies under its belt before it can produce next generation memory chips. On Monday, Bain Capital, which led a consortium of companies in the $18 billion acquisition of Toshiba’s NAND memory business, stated it will support “the business in pursuing…
The trending topics section is being shut down by Facebook. This is a feature that the company had created to highlight some and all of the interesting conversations hat tale place on the social media platform. however, it has now turned out to be a feature that has become political headache for the company that…
The payment system of Visa is reportedly now working in “full capacity”. On Friday there was virtual outage of its services in the UK and the rest of Europe as well following a hardware failure. A statement posted on the Visa Europe website in the early hours of Saturday said: “Visa Europe’s payment system is…
Living muscle tissue have been integrated into robots to create a dexterous cyborg by a group of Japanese engineers. The results of the project that was undertaken by the engineers was published this week in the journal Science Robotics. In this study, individual muscle precursor cells are first transformed to muscle-cell-filled sheets and then it…
The completion of the sale was way ahead of the expected time frame of end-March. Chinese antitrust authorities extensively reviewed the deal before providing its approval. On Friday, Japan’s Toshiba Corp stated, it had completed the $18 billion sale of its NAND memory chip unit to a consortium led by U.S. private equity firm Bain…
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