The United States would continue to push for the extradition of the chief financial officer of Chinese tech giant Huawei who was arrested in Canada in December over allegations that she was instrumental in in a conspiracy to defraud banks, said the US Justice Department. The US authorities have alleged that Huawei CFO Meng Wanzhou…
According to media reports quoting sources, a joint venture for the manufacturing of batteries for electric vehicles (EV) is all set to be announced by Toyota Motor Corp and Panasonic Corp which would start functioning next year with the aim of rivalling the Chinese makers of EV batteries. According to sources quoted in the media,…
A host of diplomats have urged the United States and North Korean leadership to complete denuclearization and obtain solutions to some of the other issues within the relationship between the two countries even as the US announced on Friday about a second round of meeting its President Donald Trump and North Korean leader Kim Jong…
Despite the most likely exit of its Chairman and Chief Executive Carlos Ghosn and increasing tension with alliance partner Nissan, French car maker Renault said that it anticipates to register growth in sale for 2019. “Volumes progressed across almost all our regions (in 2018), and we’re entering 2019 with expectations for a slight increase in…
According to the European luxury brand Tiffany, the holiday season was not been as good as it had expected. The sales for the season were just a bit lower than expected partly because of the tightening of their purse strings by its Chinese consumers at the time of their vacationing, the company announced on Friday.…
The diesel emission cheating scandal is apparently not over for German car maker Volkswagen in the US as four engineering managers at German carmaker Audi, a subsidiary of VW, were indicted by a federal grand jury in Michigan in connection with the scandal. Violation the federal Clean Air Act, as well as wire fraud and…
As the global smartphone industry passes through its worst slowdown every in a decade, tens of thousands of seasonal jobs are being cut by Apple’s iPhone suppliers much earlier than they were scheduled. According to Nikkei citing an industry source familiar with the situation, iPhone assembler Foxconn has dropped off about 50,000 workers employed by…
Concerned about videos of dangerous pranks putting at danger the lives of people, the posting of such videos that pose challenges to others of duplicating such pranks have been banned on YouTube. It will not allow any of its users to upload prank or challenge videos “that can cause death and/or have caused death in…
A full blown crisis for the UK energy’s strategy was triggered after the project to build a nuclear power station in Wales was exited by Hitachi. This Japanese company was the second company to quit major nuclear projects in two months. After Hinkley Point C, the next in a line of new nuclear plants in…
A new report from Wealth-X, a firm that tracks global wealth, concluded that there was a 2 per cent growth in the number of wealthy individuals as well as in their collective wealth globally. In 2018, the number of high-net-worth individuals globally was 23 million and they had a combined wealth of $62 trillion. The…
