The deal sees Fujifilm spreading its revenue sources by investing in biotech firms involved in regenerative pharmaceuticals and medicine. The fate of its acquisition of Xerox is still uncertain as it faces strong headwinds from activist investors Carl Icahn and Darwin Deason. In efforts aimed at boosting its healthcare business, Fujifilm Holdings said it would…
The potential sale could, to a large extent promote peace, stability and prosperity in the Indo-Pacific region while helping Lockheed Mart meet its 2018 sales target. In efforts aimed an ensuring that Taiwan “remain[s] a democracy” in the face of a Chinese aggression, two senior U.S. Republican senators have asked the Trump administration to allow…
Singapore Airlines plans on deploying the jet in its Osaka, Japan route Perth, Australia, route from May this year. In a significant development, U.S. aircraft maker Boeing Co delivered its first 787-10 Dreamliner to Singapore Airlines marking the coming of age of its first lightweight family of jets based on which it is betting its…
Although the U.S. action could result in a tit-for-tat trade war, its biggest impact would be the breakdown of supply chain of multinational giants, including Apple Inc and General Motors Co. The presidential memorandum signed by U.S. President Donald Trump, which targets up to $60 billion in Chinese goods, is the start of a long…
With companies racing to place their autonomous automated smart vehicles on the U.S. market from 2019, this funding program aims to assess the impact, including the feasibility, safety and potential job losses, these technologies will bring about for commercial autonomous vehicles. In a significant development, a U.S. spending bill includes a $100 million for a…
It is very likely that the way social media giants, including Facebook, collect and use user data is going to be scrutinized under a microscope. British privacy regulators are now zeroing in on the offices of the political consultancy Cambridge Analytica with a search warrant following reports that the company may have improperly gained access…
While its revenues have jumped by 55% to $2.7 billion (17.38 billion yuan), iQiyi reported a net loss of 3.74 billion yuan. iQiyi Inc, a unit of Chinese search engine firm Baidu Inc, has launched its initial public offering in New York, worth up to $2.4 billion, as it seeks to expand its range of…
Nio has hired 8 banks for the planned U.S. IPO. According to sources with knowledge of the matter, Nio, a Chinese electric vehicle startup has hired 8 banks, including Goldman Sachs and Morgan Stanley for its planned U.S. stock market listing this year, worth up to $2 billion. The eight banks are, JPMorgan, Goldman Sachs,…
The timing for deploying 5G technology is set to top the agenda at the Mobile World Congress, set to take place in Barcelona next week. The telecom industry is counting on the new technology to trigger growth in equipment sales and mobile services.
Although Chinese military drones look suspiciously similar to U.S. and Israeli ones, drone makers are confident that customers will continue to prefer a reliable strike platform rather than a cheap unreliable ones. A predicted rise in demand for military drones from regions in Asia, the military drone market is gradually leaning towards Chinese drone makers…
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