The global travel company Thomas Cook that is undergoing a restructuring program because of financial issues that it faces currently is in negotiations with the Chinese conglomerate Fosun International with the divesting its tour operator business as the company looks to offload some of its business to generate money. After media reports about the negotiations…
The new console will sport 120Mhz refresh rates, will include an SSD and an AMD chip. Expect to snag one during the 2020 holiday shopping season. Microsoft has unveiled its next-gen Xbox console, called “Project Scarlett” which will hit the stores during the 2020 holiday season. In the Xbox E3 conference in Los Angeles, Microsoft…
Given that 5G is a core technology which will lay the foundation for a smarter, more advanced economy, the costs in delaying the rollout of a Chinese 5G is cheap in comparison to the absolute loss of privacy, freedom and freewill to a totalitarian regime. According to sources familiar with the matter at hand, many…
Tech companies are increasing going up the value chain for automakers. This partnership is the latest example of this strategic tie-up. In a development that marks the latest collaboration between Silicon Valley and automakers, Aurora, a self-driving car software startup stated it will be partnering with Fiat Chrysler to build autonomous platforms for commercial vehicles.…
The 700 MHz and the 2.1 GHz bands have been auction in Norway. In a first step towards the introduction of 5G services in Norway, Ice, Telia and Telenor have won spectrum in the auction of the 700 MHz and 2.1 GHz bands which ended on June 5 2019. The 700 MHz band can be…
Samsung’s Chinese rivals have increased their respective market share at Samsung’s expense. South Korea’s Samsung Electronics Co Ltd stated it plans on pruning the production of its smartphones in China following a fall in market share. Domestic Chinese rivals have squeezed its share in China to less than 1%. The plan to reduce the output…
Electric car technologies would be jointly developed by BMW and Jaguar Land Rover as the two car makers have decided to use their resources together. Electric motors, transmissions and power electronics would be jointly developed by them, announced the two car giants. Amidst a business environment of dropping sale of cars and increasing costs of…
The partnership is aimed at slashing the cost and time of the development cycle and bring vehicles equipped with state of the art technologies to the market as soon as possible. On Wednesday, in a development that marks yet another alliance to bring down the cost of developing electric cars, BMW stated it will partner…
The development is significant since typically buyout funds focus on physically infrastructure. In contrast Digital Colony’s fund illustrates how investors are now seeking assets that support the digital economy. According to sources familiar with the matter at hand, private equity firm Digital Colony, which has the backing of U.S. real estate investor Thomas Barrack, has…
Google online ad business faces strong risks of non-compliance to EU’s GDPR. In a development that marks a heightening of Google’s privacy woes, privacy campaigners have filed complaints to data protection regulators in France, Germany and seven other EU countries over the way Google handles data in its online advertising business. Last month, complaints filed…
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