Following a computer system failure that stranded 75,000 passengers over a holiday weekend and turned into a public relations disaster, British Airways (BA) said it would take steps to ensure there was no repeat of such incidents. After a power supply problem disrupted its operations worldwide and also hit its call centers and website, BA…
In its first post-Soviet foray into production of a mainline commercial aircraft which it hopes will rival those of its Western competitors, Russia carried out the maiden flight of its new MS-21 medium-range passenger plane on Sunday. An MS-21-300 model had successfully completed a 30-minute flight at a height of 1,000 meters and traveling at…
The strategy document is an eye opener for companies who want to invest in Japan. On June 9, Japan aims to finalise policies regarding the drone deliveries in the country from 2020 as well as commercialisation of self-driving trucks by 2022, as per two sources familiar with the matter at hand. The move could inject…
While Western Digital’s earlier stance may have resulted in increased litigation costs whereas its current stance is likely to give it access, in the form of a minority stakeholder, in Toshiba’s chip business. As per two sources familiar with the matter at hand, Western Digital Corp is likely to join a consortium of Japanese government…
A bipartisan group is in the process of drafting legislation which is expected to address some, if not all, of the concerns raised in the said letter. More than two dozen U.S. tech companies in the U.S., including Amazon and Facebook has urged the U.S. Congress to make broad changes to laws that govern internet…
Tech giants are locked in a bidding war for academics who specialize in artificial intelligence. As per a report from Research firm CB Insights, 34 artificial intelligence startups were acquired in the first quarter of 2017, which is double the of the previous year of the same quarter. This insight is likely to be significant,…
Kik aims to be the first social media app with its own crypto currency. Kik Interactive, the creator of the chat platform Kik, has disclosed it will be launching a crypto-currency, Kin, that would enable customers to use a range of digital services. Founded in 2009, Kik is a free chat and messaging app built…
China’s Lenovo Group Ltd said that the rising component prices could pressure its bottom line this year as supply shortages extend to batteries even as the company, the world’s largest personal computer (PC) maker, reported a return to profit on Thursday. By just missing analyst estimates, profit reached $535 million in the year to March…
More success at enticing global investors the second time around is being experienced by tech entrepreneurs in central and southeastern European, many of whom already have experience of launching their own businesses. Failing to rank among Europe’s top dozen countries for investment and lagging western and northern European countries, as well as decades-old tech hub…
An analysis of their expenses show, despite similar spending patterns, GM’s resource management and financial planning strategy has resulted in the company releasing far more new and redesigned vehicles than Ford. Although James Hackett spent the whole of last year strategizing on Ford Motor Co’s long-term self-driving car strategy, in his first week as the…
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