The Australian government wants to impose a number of strict restrictions on U.S. tech giants to curb their influence as suggested by a government review report. The report that was published by the Australian Competition and Consumer Commission (ACCC) suggested that that the government should create a watchdog which would be exclusively tasked with regulation…
According to media reports, the embattled Chinese tech giant Huawei has informed the British government that it would be expending about $2 billion in the country as it tries to dissuade fears among the British authorities related to its security as raised by the British government in a report earlier this year. The reports are…
According to the former head of intelligence agency GCHQ, if there is no proper regulation, it is possible that the social media platform Facebook could turn out to be a threat to democracy. In an interview with BBC, Robert Hannigan said rather than “protecting your privacy” and data, the interest of the social media giant…
After Australia and New Zealand, Chinese tech company Huawei would also not be allowed to participate in bids for offering technology for the core 5G network that is currently being developed by U.K. telecoms company BT. Any equipment that BT’s existing 3G and 4G networks belonging to the Chinese company would also be taken out.…
The fourth quarter of 2018 so far has been very bad for American International Group Inc (AIG) which is an amount of between $750 million and $800 million for losses because of natural catastrophe, said the chief executive officer of the company. AIG CEO Brian Duperreault said at the Goldman Sachs U.S. Financial Services Conference…
The ad operations of Google and Facebook in the EU will be significantly affected if the proposal is agreed upon by all 28 member states of the European Union. As per a European source, France and Germany have sought to salvage a EU tax proposed that aims to levy digital tax on large tech firms…
Appointment of no interim chairman to replace the disgraced Carlos Ghosn would be done by Renault, Nissan and Mitsubishi Motors to head the three company alliance after Ghosn was arrested in Japan over allegations of financial irregularities. Al the three companies are in an alliance that is the second largest car maker of the world…
Following wiping out of an almost 40 per cent of its market value in the last two weeks, there are analysts and experts who has started to explain the reasons of the occurrence of the “perfect storm of turmoil” for the most well known crypto currency of the world. The recent rout of bitcoin has…
While here has been some degree of tension between the two companies after the arrest of former Chairman of Nissan and Mitsubishi – Carlos Ghosn, the two companies along with their third alliance partner Renault have pledged to keep up the alliance that has made them the second largest car maker in the world combined…
The small city state of Singapore is set to witness a battle between an existing company and a new entrant in the ride hailing market. According to reports, the dominant player in the market Grab would be challenged by the Indonesian ride-hailing company Go-Jek. The Indonesian firm started a trail launch of its services in…
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