Huawei to lay off large portion of its U.S. workforce
The layoffs are expected to be in the hundreds and is likely to effect those in research positions in the company.
Israel launches tender for 5G mobile services
The results of the tender will be declared by the end of this year with a launch in 2020 continuing through 2023. Israel has launched a tender for 5G cellular services in the country. Israel is expecting three groups to bid for 5G cellular frequencies, in a bidding that is expected to be fierce, the…
Plans Of Selling Over 1000 New Planes To Latin America And Caribbean By Airbus
Airlines of Latin America and the Caribbean would be sold more than 1000 new passenger crafts by the European planemaker Airbus SE over the next 15 years which would account for about half of the aircrafts that would be needed to fulfill the expected demand in that time, claimed news reports. About 60 per cent…
Germany’s digital banking startup N26 makes U.S. debut
With its U.S. launch two years in the making, 100,000 customers are on N26’s U.S. waiting list. A full launch is expected to take place later this summer. N26, a German digital banking startup announced, it has commence operations in the United States through a phased rollout of its app-based checking account and debit card.…
FCA bets $788 million on electrifying its iconic 500 compact car
FCA plans on launching the 500 BEV first in European markets. Production will commence in the second quarter of 2020. With Fiat Chrysler moving on following its failed bid to merge with France’s Renault, the carmaker announced it plans on investing $788 million (700 million euros) to create an electric makeover of its iconic Fiat…
Japan Display secures funding from investors led by China’s Harvest Group
Japan Display, which depends on Apple Inc for the bulk of its revenues, has secured a funding bailout. The development was not announced earlier. On Friday, in a significant development Japan Display Inc stated, a group of investors led by China’s Harvest Group, an investment firm, had provided $738 million (80 billion yen) in funding…
No-Deal Brexit Could Cause Lending Crisis For EU Firms, Warns Bank Of England
In case of a no-deal Brexit, companies across Europe could be cut off from their lenders overnight, warned the Bank of England while sounding an alarm on the risks of a no deal to City banks. The shock of Britain crashing out without a deal at the end of October would be able to be…
Emission Disclosures Are Not Made By One Fourth Of World’s Largest Listed Companies
According to the conclusion of a new research, about half of the highest-emitting and publicly listed companies of the world do not give any proper consideration while decision making to the potential risks of their activities resulting the climate crisis while about a quarter of such companies do not make any disclosure about their carbon…
France To Impose Eco-Tax On Air Tickets On Flights Out Of The Country
The French government is all set to impose a revolutionary “eco tax” on all each and every flight that leaves any of the airports in the country, the government has said. The French Transport Minister Elisabeth Borne said that starting 2020, €180m ($202m; £162m) is expected to be generated annually from the tax. The government…
Online platforms should be held responsible for social media content: IBM
IBM has proposed changes to Section 230 of the Communications Decency Act (CDA 230). If its proposals are incorporated into law, they will materially impact social media companies including Facebook, Facebook’s WhatsApp and Instagram as well as Alphabet Inc’s YouTube, to name a few. In a significant development, International Business Machines (IBM) Corp has proposed…
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