Elite U.S. university MIT has snapped ties with embattled Huawei Technologies and ZTE Corp over investigations by U.S. authorities that the Chinese firms violated U.S. sanctions. It is also ramping up its screening process. In a strategic and significant development, the Massachusetts Institute of Technology (MIT) stated it has snapped its collaborations with Huawei Technologies…
Tesla’s Shanghai Gigafactory is of strategic importance to the electric carmaker given that Chinese authorities are aiming to have only EVs plying around in the country by 2030. On Monday, Tesla Inc’s CEO, Elon Musk stated, the electric carmaker will break ground for its Shanghai Gigafactory where it will commence the production of its mass…
Federal authorities have issued a statement saying, “Americans should be aware that foreign actors, and Russia in particular, continue to try to influence public sentiment and voter perceptions through actions intended to sow discord”. Hours before U.S. voters went to polls, Facebook Inc has blocked 115 user accounts following a tip off by U.S. authorities…
The development underscores the strict rules companies have to comply in to operate in China with Beijing’s regulator trying to create a cyberspace with enhanced censorship policies. Apple has stated it has withdrawn lottery apps from its App Store in China midst tightening regulations and a barrage of criticism from China’s state media. According to…
The completion of the sale was way ahead of the expected time frame of end-March. Chinese antitrust authorities extensively reviewed the deal before providing its approval. On Friday, Japan’s Toshiba Corp stated, it had completed the $18 billion sale of its NAND memory chip unit to a consortium led by U.S. private equity firm Bain…
Determined to not lose its license in London and in the UK, the ride services company has appointed a banking executive to better engage its UK team with the country’s authorities. In a strategic step, Uber has appointed Laurel Powers-Freeling, as its chairman for UK, its most important European market, as it readies itself for…
Japan’s No. 3 steelmaker is likely to face an onslaught of legal action, possibly even class-action lawsuits, over the falsification of data in its products which have affected nearly 500 companies. On Tuesday, Japan’s Kobe Steel Ltd has disclosed that U.S. authorities have requested access to the company’s documents related to tis data cheating scandal.…
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