The women’s retailer Dressbarn clothing chain is set to close down its operations as the company is one the way to close down all of its stores, announced the company. The company however did not provide any timeline for the closing down of the about 650 of its stores. the company would however continue to …
The measure to ban Chinese tech and telecom equipment giant Huawei by the United States administration has not caused a flutter at the company as was evident in the words and statement issued by the company’s founder Ren Zhengfei who remained defiant about the US moves. He claimed that the US administration has made a…
Fears of a brewing of another European financial crisis were expressed by a senior adviser to the German government in an interview to the BBC. One of the first people to issue warnings of a slowdown in Europe’s largest economy last year was Dr Lars Feld, a member of the German Council of Economic Experts.…
The plummeting of demand in the Chinese market, dropping sale of diesel engines and a one time reduction to the value of its business were the primary factors that drove the United Kingdom based automaker Jaguar Land Rover to report its largest loss in its history for its operations last year with a net loss…
The deal of the almost $7 billion takeover of Israeli chip designer Mellanox Technologies by Nvidia would is not expected to be opposed by the Chinese regulators, believes the company’s CEO Jensen Huang. He said this in a television interview with the news channel CNBC. An important function for data center security networking and storage…
The Chinese tech giant and the largest manufacturer of telecommunication equipment in the world Huawei Technologies Co would not be affected much by the ban put on it in the United States, said the company’s Chief Executive Officer and founder Ren Zhengfei according ot a report in Nikkei newspaper. “Huawei’s growth may slow, but only slightly,”…
Authorities have managed to dismantle an international crime gang that stole $100 million from more than 40,000 victims using malware. Investigations in the US, Bulgaria, Germany, Georgia, Moldova and Ukraine conducted a series of complex police operations to achieve this. The modus operandi of this international gang was to infect victims’ computers with GozNym malware…
