Many large U.S. tech companies routinely transfer private EU citizen’s data without sufficient protection from U.S. mass surveillance. On Tuesday, in a case which has significant implication for many big companies, Ireland’s High Court stated it would ask EU’s top court to rule on the way in which internet companies, including Facebook, Apple and Google,…
The U.S. automaker is planning on ramping up its electric vehicle lineup to tap increasing Chinese demand for electric vehicles. According to two high ranking sources with Ford Motors Co, the U.S. automaker is planing on overhauling its China strategy since its global “One Ford” idea is not having the required impact in China, the…
Asatsu-DK Inc is Japan’s third largest advertising agency. Bain has stated it will step away from its bid if it fails to acquire a stake larger than 50.1% in the company. In what could potentially be one of Japan’s largest buyouts this year, Bain Capital, a U.S. private equity firm disclosed it purchase Asatsu-DK Inc,…
Although a succession plan is ready and analysts no change in the company’s profitability, however, new emerging technologies could potentially see a spike in TSMC’s costs, said analysts.
The move mirrors similar announcements made by the U.S. and China where increased trading volumes of cryptocurrencies have sparked concerns. On Friday, South Korea’s financial regulator has stated it will ban the raising of funds through all forms of virtual currencies, including Initial Coin Offering, (ICO), in a move that mirrors China’s restriction on initial…
South Australia’s power blackout could be history thanks to Tesla’s “Hollywood solution”. Almost a year after South Australia suffered a major blackout, it has started building the world’s biggest battery to help keep its electricity grid on and humming in what is being slated as Australia’s most wind-dependent state. With Tesla winning the bid to…
Google’s gain is Microsoft’s loss. Microsoft will now focus on increasing Bing’s footprint in the PC market. Satya Nadella, Microsoft Corp’s CEO, said Bing, the company’s search engine, will focus on expanding its footprint in the PC market as opposed to the mobile market. The announcement comes in the wake of Microsoft losing its deal…
The upcoming legislation is part of a bipartisan deal that is aimed at easing the entry of self-driving vehicles on U.S. roads. Late on Wednesday, two U.S. senators disclosed that a bipartisan deal had been hammered out on legislation aimed at easing out the hurdles for getting self-driving vehicles to the market. As per Senator…
Financial misconduct by global banks, since the 2008 financial crisis, has led to the writing-off of $850 billion in profits for the world’s top 50 banks. As per a research report released on Wednesday, since the 2007-2009 financial crisis, European and U.S. regulators have imposed $342 billion in fines on banks, resulting from violations of…
Toshiba is now facing pressures from Apple Inc, which is demanding new terms on supply of chips in return for funding. On Wednesday, SK Hynix Inc stated its board had approved its participation in a Bain Capital-led consortium that plans to purchase Toshiba Corp’s memory chip unit for $17.7 billion (2 trillion yen) . As…
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