The United States chip making giant Qualcomm was meted out a record $873 million fine in South Korea over issues related to unfair business practices with respect to patent licensing and modem chip sales which was again upheld on Wednesday by a court in the country. Qualcomm said that it would contest the latest court…
In an effort to simplify the management structure at Google and its parent company Alphabet, the founders of Google, Larry Page and Sergey Brin, have decided to relinquish their positions as CEO and president of Alphabet. The reigns of the company would be handed over completely to the current Google CEO Sundar Pichai. “With Alphabet…
Amidst pressure from the United States for a boycott and with the European Union lawmakers passing a law earlier this week pledging to increase the number of suppliers of equipment for 5G networks, the Chinese telecom equipment making giant Huawei is set to face a challenge in the United Kingdom because the leading telecom service…
According to a report from Korean news site ETNews, quoting sources in the smartphone industry, in 2020, the major focus of innovation at Apple Inc will be to bring in variations in the screen sizes of its iPhones with both larger and smaller screen sizes of the models currently available. a new iPhone with the…
The alliance between the French car maker Renault and the Japanese auto companies Nissan and Mitsubishi is being attempted to be revived to its former glory by the companies with the appointment of a general secretary to take exclusive care of the partnership – the largest in terms of production capacity in the global auto…
The fact that the global auto industry is going through a rough patch was once again evident after the German premium car brand Audi said that it would cutting down 7,500 jobs. The company further said that by 2025, it would cull a total of 9,500 jobs which is about 10 per cent of its…
Elderly people in the United Kingdom have been subjected to dozens of calls a week made to sell expensive funeral packages by employees at a call centre which describes customers are “gazelles” meant to be hunted, claimed a report published by the Guardian. According to the report quoting whistle blowing former employees at Prosperous Life…
If the turnaround plan does not manage to turn its fortune, it runs of risk of a collapse, fears the company that prints the UK’s banknotes – De La Rue. This announcement was made by the company while also announcing suspension of its dividends and reporting a loss in the first half of its financial…
Negotiations with investors about a new funding round is being conducted the maker of the plant-based Impossible Burger – Impossible Foods Inc, and according to reports quoting sources, this funding round could effectively more than double the valuation reached by the company at the last funding round in May which was at $2 billion. There…
A racketeering lawsuit against Fiat Chrysler by General Motors last week and the timing is not good at all for Fiat. Fiat Chrysler is currently engaged in two very critical negotiations – one with the labour union United Auto Workers about a new contract for the workers and the other is merger negotiations with the…
