France and Germany are spearheading the development of the 5th generation fighter jets, as well as a range of associated weapons, which will include weaponized drones. French defense minister Florence Parly highlighted the need to make the next-generation drone being developed by several European nations price competitive. France and Germany are spearheading the development of…
Under pressure from the U.S.-China trade war, Huawei’s CEO Ren Zhengfei sees a revival of the company’s fortunes only in 2021. As per a report from Bloomberg, Huawei Technologies Co Ltd is preparing for a 40% to 60% decline in sales from the international market. According to Bloomberg’s report which cites sources familiar with the…
Google online ad business faces strong risks of non-compliance to EU’s GDPR. In a development that marks a heightening of Google’s privacy woes, privacy campaigners have filed complaints to data protection regulators in France, Germany and seven other EU countries over the way Google handles data in its online advertising business. Last month, complaints filed…
France will allow Huawei to bid for building its 5G network. In a significant development, French Finance Minister Bruno Le Maire disclosed, France will not rule out specific operators for establishing its 5G telecoms network and that participation of the players will be based on security and performance of networks. The comments come in the…
The development coincides with Chinese President Xi Jinping visit to Europe. On Tuesday, following the news that European planemaker Airbus SE won a deal worth tens of billions of dollars, shares of the planemaker rose by 1.9% in early trading session. Airbus has secured a deal to sell 300 aircraft to China. According to French…
Japan’s Nissan and France’s Renault have agreed to strategically retool the alliance so as to put themselves on a more equal footing. In an interview to Le Figaro, Renault’s chairman Jean-Dominique Senard drew attention to the fact that Renault and Nissan must streamline decision-making; he also mentioned that boosting the companies’ cross-shareholding is not currently…
The aim is to provide a supporting hand to local manufacturing and boost their growth, including the production of cells for electric vehicles. In a significant development, France and Germany agreed on a joint manifesto for a new industrial policy in Europe to help support local companies to better compete with rivals, including foreign ones,…
