$275 Million Could Be Wiped Off Its Theme Park Profit Due To Hong Kong Protests: Disney

The world famous Disneyland in Hong Kong is being hit hard because of the political unrest and sometimes violent protests ongoing for almost five months now demanding more democratic rights from China. Despite reporting strong earnings for the latest quarter, Disney also pointed out to the increasing losses that the company is making for its…

Heineken To Replace Plastic Rings And Shrink With Eco Friendly Material

Rings and shrink wrap used in its millions of multipack cans that are primarily made up of single use plastic will be replaced by Heineken with alternative cardboard materials that are much more eco-friendly in nature. This change will be implemented by the Dutch company starting April of 2020 in a phased manner across its…

Charges Of Spying For Saudi Arabia Brought Against Ex-Twitter Employees In US

Charges of spying for Saudi Arabia have been brought against two former employees of Twitter in the United States. Personal information about Twitter users including some of the established and known critics of the Saudi government were sought by the Saudi agents according ot the charges that were unsealed on Wednesday in San Francisco. Ali…

China kickstart research into 6G technologies

In February 2019, Trump had urged U.S. companies to increase their research spending on 6G or be left behind. In a news bulletin that was published by China’s Ministry of Science and Technology, China officially announced that it has started researching sixth-generation telecoms technology. Officials from government ministries and research institutes met this week to…

Xerox bids $33 billion for acquiring personal computer maker HP Inc

This is not the first time that activist investor Carl Icahn has tried to orchestrate a deal by having a relatively smaller company buy a bigger one. According to three sources familiar with the matter at hand, U.S. printer maker Xerox Holdings Corp has made a $33 billion cash-and-stock offer to acquire personal computer maker…

Qualcomm’s revenues to surge from 5G chip sales in 2020

Qualcomm’s chips will be required to fully utilize the increase in speed promised by 5G networks. In a development that potentially hints at Apple Inc’s impending launch of 5G models in 2020, Qualcomm Inc disclosed, it expects 200 million 5G smartphones to be sold in 2020. Next-generation 5G smartphones, set to debut next year in…