On Tuesday, Haruhiko Kuroda, the governor of the Bank of Japan stated, the central bank has currently no plans to issue digital currencies; it is however conducting research on the subject in case the need to do so arises in the future. He went on to add, stable coins should not be issued unless there…
An official memo and a video message from the head of the United States Federal Aviation Administration to his team sent on November 14 said that the safety certification team should “take whatever time is needed” for reviewing the flight safety status of Boeing Co’s 737 MAX, claimed a report published by Reuters on the…
Fearing that a fault in its cars could result in fires has resulted in a recall of hundreds of thousands of its cars in the United States by the Japanese car maker Nissan. According to the documents that were sent by the Nissan Group of North America to the National Highway Traffic Safety Administration, the…
On Monday, Japan’s SoftBank Corp stated, it plans on merge Yahoo Japan with messaging app operator Line Corp in order to create a $30 billion tech giant, as it aims to group together struggling internet companies to bulk up against rivals such as Rakuten Inc. In a statement SoftBank said Yahoo Japan, which last month…
As per a news report from the New York Times citing sources familiar with the deliberations at hand, the Trump Administration is set to extend a license which allows U.S. companies to continue doing business with Huawei Technologies Co Ltd. An earlier reprieve issued by the U.S. Commerce Department is set to expire on Monday.…
In a statement Amazon.com Inc disclosed it is contesting the Pentagon’s award of an up to $10 billion cloud computing deal to Microsoft Corp. Amazon.com has expressed concerns that politics may have got in the way of a fair contracting process. Last Friday, Amazon.com had filed a notice that it will formally resist the decision…
The fact that the large German car makers are finding it difficult to make large investments in electric car technology became evident as Mercedes-Benz said that it plans to save €1.65bn through retrenchment of more than a thousand jobs in its various locations. All of the major global auto companies are under pressure because of…
A partnership with the Chinese tech firm Tencent has been struck by British luxury brand Burberry with the aim of initiating a new and aggressive digital marketing and sales strategy for attracting customers in Chinese market who is characterized as being very tech and social media savvy, Burberry said on Thursday. China is a critical…
Following a series of tweets by David Heinemeier Hansson wherein he criticized Apple Card’s algorithm, saying it gave him 20 times the credit limit compared to the one his wife received, U.S. Senator Elizabeth Warren questioned Goldman Sachs’s response to the allegations of bias in how the bank evaluates applicants for Apple Inc’s credit card.…
As per a report from the Wall Street Journal, starting next year, Alphabet Inc’s Google will offer checking accounts to customers as it increases it footprint in finance. According to the report, the project, named Cache, will have accounts by Citigroup Inc and a credit union at Stanford University. “Our approach is going to be…
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