On Tuesday, following Panasonic Corp’s first quarter report, shares of Asian companies in Tesla Inc’s battery supply chain surged. Panasonic’s battery venture with Tesla has boosted investor confidence in the U.S. electric vehicle (EV) maker. Panasonic’s first quarterly profit from its $1.6 billion investment in Tesla’s Gigafactory is also another validation of Tesla founder Elon…
On Monday, electric vehicle battery maker CATL stated, it has signed a battery supply agreement with U.S. electric vehicle giant Tesla. In a stock exchange filing, CATL disclosed, Tesla will determine the volume of battery purchases that it requires based on its needs, between July 2020 and June 2022. The agreement does not impose restrictions…
Zero Hedge, a financial market website has been banned from Twitter following the posting of a report which linked a Chinese scientist to the fast-spreading coronavirus outbreak in China. Late last week Zero Hedge said, it has received a notification from Twitter accusing it of violating its “rules against abuse and harassment.” The outbreak of…
On Saturday, Apple Inc stated, it has decided to shutdown all of its stores in mainland China upto February 9, over the outbreak of the coronavirus whose death toll has more than doubled to over 250 from a week ago. Apple did not immediately respond to further requests for comments.
On Friday, in a statement the Organization for Economic Cooperation said, nearly 140 governments have agreed to rewrite their decades-old cross-border tax agreements over the coming months following talks this week in Paris. The rise of internet giants, including, Facebook, Google, Apple, and Amazon have weighed on countries given that these companies exploit loopholes in…
On Friday, LG Display Co Ltd, an Apple Inc supplier offered an optimistic outlook for the year on the back of higher demand for its organic light-emitting diode (OLED) panels sending its shares higher by 4%. The optmistic forecast comes in the wake of the South Korean company seeing prolonged decline in liquid crystal display…
The European Union has scrapped the likelihood of a ban on facial recognition technology in public spaces. In 2019, in a draft the European Commission had proposed the idea of a moratorium of up to five years to give the EU time to work on ways to prevent abuses of this technology. The pros and…
In a statement the California Institute of Technology stated, it has won a $1.1 billion jury verdict in a patent lawsuit against Broadcom and Apple. In the case, filed in a federal court in Los Angeles in 2016, Pasadena, California-based CalTech had alleged that Broadcom wi-fi chips used in hundreds of millions of Apple iPhones…
In a statement Facebook Inc said, it has in principle reached a $550 million settlement related to a lawsuit that claimed the social media giant had illegally collected and stored biometric data for millions of users without their consent. The lawsuit was filed in 2015 with Illinois users dragging Facebook to court for violating the…
In a statement, Foxconn, formally known as Hon Hai Precision Industry Co Ltd, said it could continue to meet all manufacturing obligations in the wake of the coronavirus outbreak in China. “We do not comment on our specific production practices, but we can confirm that we have measures in place to ensure that we can…
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