While a major section of the global auto industry and some of the major tech companies are engaged in a race to develop technologies for autonomous vehicle, US auto maker Ford Motor Co and Chinese tech company Baidu Inc has also jointly entered the race. Both the company on Wednesday announced the launching of two…
Samsung Electronics Co Ltd warned of an imminent end to the two-year boom in its business which was driven by an increase in demand of its memory chips, which resulted in the company reporting record profits for the third quarter. As if to adjust to its perception of lower profits in the near future, the…
Apple Inc. upgraded some of its products that had not had an update for years in a recent event held in New York. The iPhone maker introduced some of the features of its iconic iPhone such as including adding iPhone features like facial recognition to the iPad Pro and increasing the processing power and better…
Higher sale of the sugar free sodas and vitamin waters of Coca-Cola, as reported in its financial results for the third quarter, indicates that the measures that one of the largest soft drinks company has taken to address the changing consumer tastes has been successful. The company posted a better than expected revenue and profit…
There is little to be worried about the quality of audits of firms operational in China, believes the chief executive of one of the four largest accountancy agencies of the world. The quality of the auditing done by Earnest & Young (EY) in on companies in China is not something that makes the Global Chairman…
Following suffering losses in a regional election on Sunday, the coalition partner party of German Chancellor Angela Merkel gave her party till next year to deliver more policy results and threatened to withdraw support in case of no improvement. According ot an exit poll for broadcaster ARD showed Despite polling just 28 per cent of…
According to the Chief Executive of electric car maker Tesla, Elon Musk, the tweet which created such an uproar and controversy in August and which resulted in a fine of $20 million each from the U.S. Securities and Exchange Commission for the company and Musk personally, was actually “Worth It”. This latest controversial tweet from…
The reparations of the app redesign and the increasing competition from Instagram has resulted in a continuous loss of users of Snapchat. For the three months ending in September, there has been a drop of 1 per cent compared to the previous quarter in the number of daily active users of Snapchat as announced by…
More than 8,000 current and former employees of Google can be affected by a -action lawsuit being filed against the company in California by a group of women who had earlier search engine giant on charges of pay discrimination according to a lawyer of the plaintiffs. According to a statement by Jim Finberg, a civil…
Climate advisers to the United Kingdom government claims that the government needs to formulate a new strategy to prevent the negative impacts of a rising sea level even as the English coastline is continuously battered by floods and erosion. Such devastating events have already been witnessed by resident in the vulnerable areas such as north…
