Apple’s own guidance for the second quarter is that its sales would be down year-on-year and it is widely expected to announce this when its reports its second quarter performance soon. All through the year, there has been in the negative headlines. For example, a drop in iPhone sales in China forced the company on…
With the aim of loosing dependency on western aircraft manufacturers and because it is set to soon become the largest aviation market in the world, China has been striving to develop its own plane manufacturing industry for the past decade. However there has been criticism of the aircrafts created by Commercial Aircraft Corporation of China…
The rival companies of Starbucks are aiming for making short term gains through concessions while the US based company is making and implementing strategies aimed to make long term gains that would help it to achieve sustainability, said the company’s CEO Kevin Johnson. “Some of those competitors are competing through heavy, heavy discounts that we…
Germany wants to be in the race for emerging space market and is preparing draft new laws and measures to attract private investment. The space market is expected to be worth about $1 trillion a year by the 2040s and countries like the United States and China and even tiny Luxembourg are making their mark…
Jaguar Land Rover cars will have built-in smart wallets through which drivers can earn IOTA coins. On Monday, Britain’s biggest auto manufacturer, Jaguar Land Rover stated, it is testing a software that allows drivers of its cars to earn the IOTA cryptocurrency as a reward for sharing data. Jaguar Land Rover is developing a “smart…
There would be continued negative impact on growth in the near term because of Brexit related uncertainties, warned Royal Bank of Scotland (RBS) as it reported a fall in its profits for the first three months of the current fiscal year. The bank reported a 12.5 per cent year on year decrease in the profits…
A case has been filed against a company based in Upper Hutt and three individuals based in NewZealand by Facebook and Instagram in a United States court alleging that the accused helped others in the creation of Instagram followers that were fake. The company called Social Media Series Limited has a registered address on McCarthy…
Despite the preparation by the social media giant for the payment of a record-setting penalty for settlement of privacy issues with the U.S. regulators, Wall Street seemed to care less as the company announced increased number of users and heightened profit expectations for the first quarter of the current year. Facebook has been facing probes…
The United States has continued to keep Alibaba’s taobao.com, China’s biggest e-commerce platform on this blacklist. Continuing its crackdown on Chinese companies which exploit and steal U.S. intellectual property, the United States added Pinduoduo.com, China’s third-largest e-commerce platform to its list of “notorious markets” for violations of intellectual property rights. The United States also kept…
Deciding that their merger would have been too risky to pull off, talks of a merger has been abandoned by Deutsche Bank and Commerzbank. “Sufficient benefits” would have been generated by the deal which would have offset the expenses for the deal, said both banks. The two German banks had started merger negotiations only last…
