According to statement of the German interior ministry to the media, the Chinese tech giant Huawei would not be excluded from the setting up of the 5G network in the country and the country might even tweak changes in its regulations t hat would allow even those companies that are considered to be potentially untrustworthy…
The strength of the US economy was evident in the results of Walmart Inc which reported quarterly performance numbers for the holiday quarter which beat estimates, driven by increased consumer spending which led to more e-commerce purchases. The shares of the company rose by almost 3 per cent following the publication of the results. A…
United States based ride hailing company Lyft Inc is trying to be the first ride hailing company to be traded publicly and would flaunt its fast growth in the United States as its main attraction points for investors for the IPO, according to media reports quoting sources with knowledge of the matter. The reports claimed…
Dismissing reports that New Zealand will adopt Britain’s approach, Prime Minister Jacinda Ardern stated, Wellington would independently assess the risk of using China’s Huawei Technologies in its 5G networks. On Monday, New Zealand’s Prime Minister Jacinda Ardern stated, Wellington would independently assess the risk of using China’s Huawei Technologies in its 5G networks. The development…
Abu Dhabi’s state-owned Mubadala Investment Co is aiming to invest between $5 million and $30 million in European startups. On Monday, as per a report from the Financial Times, Japan’s SoftBank Group has provided nearly 50% of the cash for the new $400 million fund by Abu Dhabi’s state-owned Mubadala Investment Co. Mubadala Investment Co,…
The argument that if Britain is okay with using Huawei’s 5G equipment means its alright for other countries to use may not gel very well since one man’s meat is another man’s poison. In a development that bodes well for China’s Huawei, the Financial Times has reported citing two sources familiar with the conclusion of…
The development is in line with those of other countries who are aiming to bring large multinational companies within the ambit of their tax net. On Monday, in a significant development, New Zealand disclosed it aims to update its laws in order to tax the earnings of multinational tech companies, including Facebook, Amazon.com, Google. The…
According to a report published in the Washington Post on Thursday, the US based largest social media platform of the world Facebook could be facing penalties to the tune of billions of dollars as it attempts to settle a case with the US government which is related to the lapses made by the company over…
A $700 million investment round, in which Amazon was a major player, was announced to have been successfully completed by electric truck start-up Rivian which is also touted to be a potential rival to US electric auto maker Tesla. It was just months ago that the company, based out of Michigan i n United States,…
Negotiations are going on between Germany’s Metro and Chinese e-commerce giant Alibaba Group Holding Ltd for the Chinese company potentially taking up a stake in the German company’s China operations according to a report published by Reuters. The report however carried no comments from either Metro or Alibaba. According to the report quoting sources, the…
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