In a complaint filed in the U.S. Court of Federal Claims, Amazon Inc has accused U.S. President Donald Trump of having a bias and exerting “improper pressure” in the awarding of a $10 billion cloud computing contract to its rival, Microsoft Corp. Amazon’s complaint states, Trump had launched a “repeated public and behind-the-scenes attacks to…
As per a report from the Mail and the Globe, Huawei’s founder Ren Zhengfei stated, the Chinese telecommunication giant wants to boost its factory capacity in Europe to and build 5G equipment there. With these moves, Huawei aims to assuage fears that its equipment could be used by Chinese intelligence for espionage purposes. Huawei also…
SoftBank is seeking funds to create a second technology fund. According to two sources familiar with the matter at hand, the founder and CEO of Japan’s conglomerate SoftBank Group Corp is slated to attend an investment conference in Saudi Arabia next week. The development comes as the Japanese company is seeking to raise more funds…
The new funding round will see the startup’s founder pump in $700 million while another $800 million will come from existing investors. On Monday, SoftBank Group Corp-backed Indian hospitality startup Oyo stated, it aims to raise $1.5 billion in a new funding round led by Ritesh Agarwal, its founder and other existing investors. In a…
The charges will test Beijing’s ability to compartmentalize the alleged violations of sanctions on Iran by Huawei from the ongoing trade negotiations. In a development of far reaching implications for U.S.-China bilateral relations, the United States has charged Huawei Technologies Co Ltd with criminal conspiracy to violate U.S. sanctions on Iran. The U.S. Justice Department…
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