The statement sees China continue to maintain its refrain that it does not allow forced technology transfers in its domestic and foreign companies and that it will adopt stricter measures to the IPR regime. Will China now walk the talk? On Tuesday, in a statement that is clearly aimed at deflecting U.S. trade accusations on…
The deal marks a strategic shift in Uber’s approach to maintaining its lead in the ride services industry. In a bid to catch up on rivals in the hotly crowded automated autonomous driving industry, Toyota Motor Corp said it will invest $500 million in Uber Technologies Inc so as to jointly develop self-driving cars. Although…
The development is aimed at placing Europe on par with the U.S. and China vis-a-vis 5G. While the U.S. and China have moved rapidly to deploy the nascent 5G technology, Europe is not one to be left behind. Although the development of 5G mobile networks are still nascent, so as to develop them further Telecom…
companies in the conglomerate are set to form joint ventures that will see them develop solutions for separate components of self-driving technologies. On Monday, four companies from the Toyota Motor Corp stated they would form a joint venture to develop software that manages components for self-driving technology including brakes, steering and others. In a joint…
Malta registered Huulk allows the trade of commodities, stocks and sharia compliant products. It aims to partner with several European exchanges in the coming weeks. On Monday, as per Ibrahim Mohammed, the Chief Executive of Huulk, a new digital exchange has been launched aimed at listings financial technology firms which are sharia compliant. The development…
The potential $285.4 to 356.7 million deal assumes significance since, 1) it marks Buffet’s first direct investment in India and 2) it values Paytm at over $10 billion. On Monday, as per a report from the Economic Times, Berkshire Hathaway Inc is in talks with India’s One97 Communications Ltd, the parent of digital payments firm…
Short sellers and investors who have attacked the company have been cited as one of the reasons why Musk launched his take Tesla private bid. In a significant development, Tesla Inc’s CEO Elon Musk has stated, he would listen to shareholder’s concerns and will no longer pursue his $72 billion bid to take the company…
It will be interesting to seen how the European Union’s General Data Protection Regulation (GDPR) will impact Chinese companies in the EU. In March 2018, when William Zhang’s car insurance was about to expire he did not have to bother looking for renewal options. Two months before the expiry of the policy, Zhang used to…
The development could be related to the fact that Chinese laws require organizations as well as citizens to support, assist and cooperate with its intelligence network. The United States has also banned Huawei citing national security concerns despite strenuous denials by Huawei. On Thursday, the Australian government stated, it has banned China’s Huawei Technologies Co…
Consumers are increasingly taking to gaming in their smartphones rather than stick to traditional devices such as consoles and computers. Subscription models and cloud gaming could be the new engines for growth for gaming companies. With the annual Gamescom trade fair opening its doors in the German city of Cologne, the online entertainment and the…
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