Nestle SA announced on Thursday that it is ha started a process of exclusive talks and negotiations with a consortium led by EQT Partners and Abu Dhabi’s ADIA for the possibility of the sale of its skin health business. It is estimated that any deal for the business unit would not be less than 10.2…
Antitrust authorities of the European Union have imposed a fine totaling 1.07 billion euros ($1.2 billion) on some of the major banks of the region which are Barclays, Citigroup, J.P. Morgan, MUFG and Royal Bank of Scotland. The charge against the bank is that they had taken part in the rigging of the spot foreign…
The global supply chain of the Chinese telecom giant Huawei is set to be upended and the almost $105 billion business of the world’s top supplier of telecoms network equipment is set o be rattled by the decision of the United States to blacklist the company. Following an executive order issued by the US president…
Although there have been a few instances of Tesla EVs catching fire, they have come mostly after a crash. With Tesla’s OTA software update, Tesla cars such as the Model S and Model S will have revised thermal and charge management settings. On Thursday, following two incidents of Tesla Model S electric vehicles catching fire…
Huawei will need a U.S. government license to purchase U.S. technology. The order will come into effect in the coming days. In a significant development, the U.S. Commerce Department stated it has added China’s Huawei Technologies Co Ltd along with 70 of its affiliates to a “Entity List”, thus placing a ban on the telecom…
A report published by news agency Reuters citing documents available with it, the United States electric car maker Tesla is selling over seas a “great majority” of the solar cells that it is manufacturing at its factory in New York rather than those being used majorly in the company’s trademark “Solar Roof” as had been…
Apple Inc had already warned its investors about the slowing down of demand for its iPhones while some of the companies in its iPhone supply chain also reported bad sale and reduced demands of iPhone parts. In the latest reports filed by two of the largest companies in the supply chain of Apple’s iPhones –…
WhatsApp has a serious security vulnerability which allows a hacker to install a malicious program on your device and gain access to your personal data. Ireland’s Data Protection Commissioner (DPC) disclosed, that Facebook’s WhatsApp has informed it of a serious security vulnerability on its platform. “The DPC understands that the vulnerability may have enabled a…
Microsoft aims to hire more than 100 local engineers in order to customize its applications for the African market and create new ones that are customized for the continent. In a significant development, Microsoft Corp stated, it will be investing $100 million in Africa in the next five years, so as to open an Africa…
Amazon is embracing this new model based on the feedback from earlier trials which showed that adding Counter to a store’s retail offer helped to increase customer footfall. In a strategic move, Amazon has entered into a collaboration with British clothing chain Next in order to tap its network of stores from which Amazon’s UK…
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