The plummeting of demand in the Chinese market, dropping sale of diesel engines and a one time reduction to the value of its business were the primary factors that drove the United Kingdom based automaker Jaguar Land Rover to report its largest loss in its history for its operations last year with a net loss…
The pace of forced tech transfers in exchange for market access is on the rise in China especially in “cutting edge” industries. In a significant development, a European business lobby has disclosed, the number of cases of European firms forced to transfer technology to its Chinese partners are on the rise despite Beijing’s attempt to…
The deal of the almost $7 billion takeover of Israeli chip designer Mellanox Technologies by Nvidia would is not expected to be opposed by the Chinese regulators, believes the company’s CEO Jensen Huang. He said this in a television interview with the news channel CNBC. An important function for data center security networking and storage…
The Chinese tech giant and the largest manufacturer of telecommunication equipment in the world Huawei Technologies Co would not be affected much by the ban put on it in the United States, said the company’s Chief Executive Officer and founder Ren Zhengfei according ot a report in Nikkei newspaper. “Huawei’s growth may slow, but only slightly,”…
Authorities have managed to dismantle an international crime gang that stole $100 million from more than 40,000 victims using malware. Investigations in the US, Bulgaria, Germany, Georgia, Moldova and Ukraine conducted a series of complex police operations to achieve this. The modus operandi of this international gang was to infect victims’ computers with GozNym malware…
The decision of the United States President Donald Trump to openly declare that auto and auto parts imported into the US were a threat to its national security has been severely criticized by the top Japanese auto maker Toyota Motor on Friday. The Trump administration has announced a delay of six months in the imposing…
One of the primary reasons why Japan could be impacted by the ban on Huawei is intertwined supply chains. On Friday, Japan’s Finance Minister Taro Aso stated, the U.S bid to block Huawei Technologies from purchasing American technology is likely to impact Japanese companies and weign on the country’s economic growth prospects. “There are Japanese…
People should not get bankrupt because of health care related expenditure, believes Doug Hirsch, co-founder and co-CEO of digital pharmacy GoodRx, and says that it is important to take measures to prevent such things happening. In a television interview, Hirsch said that the average American is left in a bind because the average deductible costs…
Facebook, which was once considered to be among the best employers in the tech industry globally, is now not the company of choice for the talented candidates with alternative employment. Analysts say that this is a direct fall out of the scandal related to the data breach and privacy related scandal linked to Cambridge Analytica…
A new ‘flying taxi’ that can take off vertically form a static position could become the base for launching an on demand air service within six years, claimed a German start-up Lilium which unveiled this new vehicles. The new vehicle which has jets engines powered by electricity and has five passenger seats, would be able…
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