According to data from auto consultancy firm LMC Automotive, Tesla Inc’s China car registrations have shot up by 450% in March to touch 12,709 units in March, up from 2,314 in February. This is in contrast to the overall auto sales in China which has plunged by 43.4% in March, with the coronavirus pandemic continuing…
British Members of Parliament (MPs) summoned a leading UK-based company to seek answers over security issues surrounding the activities of the company. Concerns in the UK have recently emerged over the renewed efforts by the Chinese owner of Imagination Technologies to transfer ownership of sensitive security software to companies controlled by China. According to the…
Government data published recently showed that the United States giant Apple Inc shipped about 2.5 million iPhones to China in the month of March which was a slight improvement of the sale of the company in its largest market outside of its home market after recording the worst months ever in terms of sale in…
In a proposed class action suit filed in Manhattan federal court, three customers have sued GrubHub, Postmates, DoorDash, and Uber Eats for allegedly exploiting their dominance in restaurant meal deliveries to impose fees that consumers ultimately bear through higher menu prices; this includes the current timeframe of the coronavirus pandemic when most U.S. cities are…
A collapse in the value of its flagship tech investments will cause a huge loss to be posted by SoftBank, the Japanese investment conglomerate warned on Monday. In the fiscal year through March 31, 2020, it expected an operating loss of 1.35 trillion yen ($12.5 billion), the Japanese company said. in the previous year, the…
An executive from the largest retailer of the world – Walmart, has been roped in by the online retailer eBay for its new chief executive role. In a new release, eBay said on Monday that role of the chief executive of the company will now be executed by Jamie Iannone, who currently is in charge…
Authorities in northern Vietnam have ordered people the employees of Samsung Display to be quarantined following a worker testing positive for the coronavirus. According to a statement released on Monday, a 25-year-old worker of the EQC-SI unit of Samsung Display factory in Bac Ninh province tested positive on Sunday. Confirming the case, Samsung Electronics Co…
In a notice sent to customers by Italy’s state-owned bank Monte dei Paschi, hackers have managed to access the mailboxes of some employees, with the bank informing clients in the notice that on March 30 some messages with voice mail attachments had been sent as a result of the cyber attack. Incidentally, the notice did…
Its own coronavirus testing lab will be made by the retail giant Amazon in order to effectively monitor the health of its staff, the largest e-commerce company of the world said. More than 50 facilities of Amazon throughout the United States have reported confirmed cases of Covid-19, the disease caused by the novel coronavirus, with…
The Japanese auto maker Nissan has come to a conclusion that to turn around its fortunes it is necessary for the company to become much smaller and the company will likely announce a reduction in its annual sale target of cars by 1 million, said reports quoting sources within the company. Nissan is due to…
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