The general consensus among analysts is that Tesla will need more capital in the near future. One of Tesla’s top shareholders, Baillie Gifford & Co, has stated, it is willing to invest more into the electric carmaker. “If he (Tesla CEO Elon Musk) needs more capital we would be willing to back him,” said Nick…
The development piles up more investor pressure on Xiaomi’s stock, which is already down by 30% since its July 2018 IPO. On Tuesday, Chinese authorities disclosed, smartphone maker Xioami Corp had committed accounting errors. With the news reaching the market, Xioami’s Hong Kong-listed shares turned south midst a wider sell-off of China tech stocks. In…
A lack of airwaves is likely to result in higher prices during auctions; this will mean carriers will have to shell out more resulting in a potential fund crunch for further investments on new mobile infrastructures that are crucial to leverage the benefits of 5G technology which promises to connect everything ranging from autonomous vehicles…
According to the Chief Executive of electric car maker Tesla, Elon Musk, the tweet which created such an uproar and controversy in August and which resulted in a fine of $20 million each from the U.S. Securities and Exchange Commission for the company and Musk personally, was actually “Worth It”. This latest controversial tweet from…
More than 8,000 current and former employees of Google can be affected by a -action lawsuit being filed against the company in California by a group of women who had earlier search engine giant on charges of pay discrimination according to a lawyer of the plaintiffs. According to a statement by Jim Finberg, a civil…
48 people which include 13 senior managers have been so far sacked by search engine giant Google since 2016 over allegations of sexual harassment. Google is knowingly being harsh on people on issues of inappropriate conduct and the tech giant has decided to take a “hard line”, said the chief executive of the firm Sundar…
British Airways has clarified that customers who were potentially impacted by the hacking attack are those who opted for reward bookings between April 21 2018 and July 28 2018 using a payment card. In yet another hacker attack, the International Airlines Group disclosed following an investigation into the theft of customers’ data at its British…
The Trump Administration is moving to develop a comprehensive long term spectrum strategy to prepare for the launch of next-generation 5G wireless networks. In a significant development, U.S. President Donald Trump has signed a presidential memorandum directing the U.S. Commerce Department to develop a long-term comprehensive national spectrum strategy to prepare for the launch of…
Although Intel has forecast higher revenues for its fourth quarter, it has conceded that in the long term trade tensions with China could act as headwinds. On the back of strong demands for Intel chips for personal computers and high margins from its data center business, Intel Corp announced its quarterly revenues which beat analysts’…
The hacking attack on Cathay Pacific’s data includes passenger data for its Hong Kong Dragon Airlines Ltd unit. Hackers were able to access 245,000 Hong Kong identity card numbers and 860,000 passport numbers among other data. Matching Hong Kong identity card numbers with passport numbers is likely to be a gold mine for China. On…
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