A drop in the prices in the global market for memory chips and a slowdown in demand for display panels has forced South Korean tech giant Samsung to announce a surprising profit warning. This announcement by one of the largest tech firms of the world also indicates the tough times that technology companies are facing…
Following the much talked about Paris global environmental summit, there has been a growing awareness about the harmful effects of plastic. There are also concerns among regulators, government, people and even among some companies about the threat posed to the environment form single use plastics that such as soft drink bottles which simply get dumped…
According to analysts, one of the factors for the success of Lyft’s initial public offering (IPO) at the stock exchange has been the “nice guy” image of the company compared to its bigger rivals Uber. The company has always attempt to portray itself as a company that cares more for its drivers, riders and the…
Monsanto has been held liable for the causing of cancer in a California man by a US federal jury which has ordered the company to cough up $80m in damages. The ruling was passed by the court on Wednesday in which the company was held responsible for development of cancer and risks of cancer development…
Sony Corp has already announced that it wants to turn its loss making mobile handset business into a profit making venture from next year. In that process and with eth aim of cutting down on costs of operations and save money, the Japanese company tech giant has decided to close down its factory in Beijing…
The report notes, “The evidence of sustained change is especially important as similar strongly worded commitments from Huawei in the past have not brought about any discernible improvements”. On Thursday, in a significant development, Britain has publicly chastised Huawei Technologies for failing to fix long-standing security flaws in its mobile network equipment and revealed new…
In a first of its kind, United States parcel delivering firm UPS has initiated the use of unmanned drones. The company said on Wednesday that it used remote controlled unmanned drones for the supply of medical samples for a North Carolina hospital system. The company said that this measure was a part of its long…
A law suit has been filed by fifty women in a San Francisco court against Salesforce and bringing in allegations that tools were sold by the company to the sex trafficking website Backpage. The women who have filed the case have chosen to remain unidentified and want to be only identified and referred to as…
Expanding its foot print further in the Middle East, global ride hailing company Uber has announced that it is acquiring its Dubai-based rival Careem in a deal that would be worth about $3.1 billion. Established in 2012, Careem is operational in 15 countries across the world and is a strong force player in countries across…
The European Commission has directed all of the members states of the European Union that each of the countries would be required to exchange data on the perceived risks related ot 5G cybersecurity and detail out measure to tackle such risks by the end of the current year. The Commission however chose to disregard calls…
