In a statement Amazon.com Inc disclosed it is contesting the Pentagon’s award of an up to $10 billion cloud computing deal to Microsoft Corp. Amazon.com has expressed concerns that politics may have got in the way of a fair contracting process. Last Friday, Amazon.com had filed a notice that it will formally resist the decision…
On Tuesday, shares of chipmakers in European bourses rose in anticipation for a potential U.S.-China trade deal. Investors will be looking for clues in a key speech from U.S. President Donald Trump. The pan-European STOXX 600 index edged slightly higher by 0840 GMT, with technology stocks rising by 0.3%. Investors are keenly awaiting a speech…
206 U.S. companies have applied for the special licence. In an interview with Bloomberg, U.S. Commerce Secretary Wilbur Ross has stated, licenses for U.S. companies to sell components to Huawei Technologies Co will come “very shortly,”. Licenses “will be forthcoming very shortly” and that the U.S. government had received 206 requests. “That’s a lot of…
Chinese President Xi Jinping has placed blockchain technology as a foundational layer for future development of platforms. On Monday, a Chinese central bank official stated, commercial banks will have to step up their application of blockchain technology in order to deepen their commitments towards digital finance. The comments were made by Li Wei, head of…
Toyota aims to sell more EVs than gasoline powered vehicles by 2025. On Wednesday, the head of Toyota Motor’s Lexus brand stated, the carmaker plans on launching its first all-battery electric vehicle in 2020. The development comes midst a race among luxury car brand to bring battery-operated cars in the market as they compete to…
Italy plans on levying a 3% tax on all internet transactions from 2020. In a significant development of widespread ramifications, the Italian government has approved a new tax on digital companies, including U.S. tech giants, as part of its 2020 draft budget. The move could potentially draw threats of retaliation from the United States. The…
U.S. tech giants such as Google, Amazon and Facebook routinely generate huge profits from digital services in countries but route the profits through low-tax countries, such as Ireland and Luxembourg, in order to lower their tax profile in the country from which they had generated their revenues. France’s proposal to rectify this anomaly had unnerved…
Following Twitter and Facebook taking action against Chinese state-backed efforts aimed at discrediting the Hong Kong protests, YouTube has followed on their footsteps. Following Twitter and Facebook dismantling influence campaigns originating from mainland China aimed at disrupting the ongoing Hong Kong protests, Alphabet Inc’s Google also said, its YouTube video streaming service has disabled 210…
Here is why relocating Apple’s supply chain from China makes business sense. U.S. President Donald Trump disclosed he has had a discussion with Apple Inc’s Chief Executive Officer Tim Cook on the impact of U.S. tariffs on Chinese imports as well as competition faced by Apple from South Korea’s Samsung Electronics Co Ltd. Cook “made…
Nokia should be able to gain stronger traction in the 5G race, given the impact of the U.S.-China trade war on Huawei. According to Markus Borchert, Nokia’s president of Greater China, Nokia Oyj is not immune from the U.S.-China trade war. “The uncertainty has impacted the investor community and the economy at large. At Nokia…
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