Tesla has been facing some serious headwinds in selling its models in China. The price cuts should add to the allure of its models. In a strategic decision, Tesla Inc stated, it is slashing the price of its Model S and Model X cars in China in order to boost their sales that potentially have…
The strategic decision comes a day before Black Friday and the crucial holiday shopping season in the U.S. On Thursday, Amazon.com Inc, the world’s largest online retailer, stated it would no more block Australian shoppers from accessing its U.S. site. The development comes midst a customer backlash in the world’s 12 biggest economy. Australian shoppers…
With many countries deciding to ban China’s Huawei from providing 5G equipment for their national grid, Nokia is likely to benefit from such market opportunities. On Thursday, Finnish telecom giant Nokia stated it will merge its mobile networks as well as fixed networks business groups into a new unit called Access Networks. The reorganization comes…
The warehouse, first of many, will house a hive a robots that can pull together a 50-item grocery order in as little as 5 minutes, thus saving labor time. In a strategic development, Kroger Co has selected Cincinnati for the first of its twenty high-tech warehouses it plans on building with its UK-based Ocado Group…
Apple has once again slashed production plans for its brand new iPhone XS, XS Max and the XR models. The holiday shopping season in the U.S. is crucial to boosting third quarter sales. As per a report from the Wall Street Journal, Apple Inc has cut production for all three iPhone models that were launched…
As of September 29, 2018, Intel had reported that its share buyback warchest had a balance of $4.7 billion. U.S. chipmaking giant Intel Corp has disclosed, its board has approved a $15 billion increase in its share buyback program. As of September 29, 2018, Intel had reported that it had $4.7 billion remaining under its…
Bidding for the on the 28 Ghz and 24 Ghz band in the 5G spectrum has begun in the U.S.. In a significant development, the Federal Communications Commission has launched the first high-band 5G spectrum auction as it works to clear space for next-generation networks. Bidding on the 28 GHz band has begun on Wednesday.…
The high priority probes comes in the wake of yet another crash of a Boeing aircraft in Indonesia. Following the crash of a Lion Air jet in Indonesia last month, the U.S. Federal Aviation Administration has launched a high-priority probe of the safety analyses performed over the years by Boeing Co. The regulator has stated,…
If the deal comes through, it is likely to be announced sometime in December 2018. As reported by CNBC citing sources familiar with the matter at hand, American technology company Xilinx Inc has hired Barclays to advise on its bid to acquire Mellanox Technologies Ltd. Although a deal is not expected to fruition in the…
Political intelligence gathered from the databases of social media giants are the new tools for campaign strategists. In a first public view of how U.S. technology companies, including Google and Facebook, are yanking advertisements that break their online political ads rules. The duo also provided unprecedented insight into opponents’ online marketing, enabling them to capitalize…
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