The extradition request from the U.S. to Canada is likely to occur by the end of January 31. The United States has informed Canada that it plans on making a formal request to extradite Huawei’s Chief Financial Officer Meng Wanzhou on allegations violation of U.S. sanctions against Iran, stated the Globe and the Mail in…
Despite facing international pressure on its business, Huawei has managed to secure 30 contracts to supply 5G equipment; it has already shipped 25,000 5G base stations. As per a report by French newspaper Les Echos, France is weighing its option for introducing a bill amendment so as to empower its defense and security institutions to…
The CNIL’s decision is likely to send a shiver down the spine of the tech industry who are yet to comply with the EU’s tough GDPR laws. In a development that has gone down in the pages of history as one of the biggest levies, to date, attached by France’s data protection watchdog on Google…
Logitech’s raised its full year forecast in the wake of its third quarter sales rise which beat analysts’ forecasts. On Tuesday, Logitech International SA raised its full year profit outlook after reporting a strong growth in its gaming hardware business. The Swiss-U.S. company got a boost from strong sales of its gaming products such as…
The contract has a 10-year tenure and is for the supply of advanced components for various fighter aircraft. Meggitt Plc, a UK-based engineering firm has signed a $750 million contract with Pratt & Whitney for the supply of components for two of its engines. The 10-year contract agreement with Pratt & Whitney is for the…
With next generation electromobility options coming packed with sensors and electronics, input costs have rise significantly. Adding to that pressure is the EU’s push to meet tougher-than-expected greenhouse gas emissions targets which aims to bring it down by 37.5% by 2030. In an interview to German newspaper Welt am Sonntag, Volkswagen’s chairman Hans-Dieter Poetsch stated,…
Details of the joint venture plan could officially be released for public consumption as early as this week. As per a source familiar with the matter at hand, Toyota Motor Corp and Panasonic Corp are slated to launch a joint venture to produce batteries for electric vehicles (EV). The joint venture, in which Toyota will…
Missing revenues forecasts and sales targets is adding pressure to Cupertino’s human resource management strategy for 2019. As per a report from Bloomberg citing sources familiar with the matter at hand, Apple Inc is set to cut hiring for some of its divisions. The development comes in the wake of Apple Inc missing its sales…
A report by a top government-linked think tank has listed out foreign companies that have used “incorrect labels” while referring to Taiwan and Hong Kong. The report has prompted a stern reply from Taipei. In a development that marks China’s growing pressure tactics on Taiwan and Hong Kong, in a report, the Chinese Academy of…
The final design review process is a milestone for Boeing and Lockheed Martin’s alliance. A successful launch will mean the U.S. will not have to rely on Russia’s RD-180 engine for critical national security missions. In the space launch services market, Lockheed Martin Corp and Boeing Co are set to conduct a final design review…
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