A survey by the European Parliament revealed on Monday predicted that the biggest group in the EU legislature would be the center-right after elections in May this year, which indicates that there would also be an increase in the number of seats to the far right. According to the survey, with 29 seats, the position…
Chinese telecom giant Huawei has equated the decision of New Zealand to leave it out of the process of construction of its 5G mobile network to the All Blacks being left out of a rugby tournament. This was communicated by the Chinese firm, the largest telecommunications equipment maker in the world, through full-page ads in…
A ruling issued in Germany has accused Facebook, the largest social network of the world, of abusing its dominant position in the market to amass user information without gaining consent from them. This was followed by the social media platform being asked to curb its data collection practices in Germany. The Cambridge Analytica scandal which…
Despite the micro-blogging site Twitter Inc. beating analysts’ estimates in terms of both revenue and adjusted earnings per share for the fourth quarter, the shares of the company dropped over concerns for not as expected forecast guidance. The profits of the company for the fourth quarter as reported by Twitter was more than double the…
Industrial equipment giant Caterpillar is being hit by a slowdown which is impacting the confidence of investors. The fourth-quarter earnings of Caterpillar missed out on the estimates of Wall Street. There was a drop of 4 per cent in sale in its Asia/Pacific business compared to a year ago primarily because of “lower demand in…
In order to escape any disruptions that could happen because of Brexit, Japanese electronic firm Sony has decided to shift its European headquarters away from the United Kingdom to the Netherlands. According to the company, this would help it to bypass any issues related to customers after the UK leaves the European Union in March…
The embezzled chairman of the French carmaker Renault who is also under arrest in Japan on charges of financial misconduct as the chairman of Japanese car maker Nissan, Carlos Ghosn, has reportedly resigned from the company. “Carlos Ghosn just resigned last night”, announced the French finance minister, Bruno Le Maire, to Bloomberg Television. Ghosn was…
Even as the United States has been up in arms against Chinese tech giant Huawei alleging its products can be a huge security risk, plans to make use of the next-generation smartphone developed using its own technology rather than of US components was announced by the tech giant this week. Huawei Technologies has been making…
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 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…
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