The Trump administration has once again allowed U.S. companies to continue to do business with China’s Huawei Technologies Co Ltd by extending the trade license until May 15, 2020. The U.S. Commerce Department had previously extended it until April 1. Separately, the U.S. Commerce Department has sought public comments on whether it should issue future…
On Tuesday, leading U.S. airlines including Delta and American announced the suspension of their 2020 financial forecasts and took strong measures to further boost their capabilities to fight the economic impact of China’s coronavirus United announced a capital raising event and reported a first-quarter loss. The coronavirus pandemic has deeply impacted the tourism sector and…
Although China’s Huawei Technologies has been consistently denying for years that it has not violating American trade sanctions on Iran, internal documents from the company which dates back to 2010 show that it was directly involved in sending prohibited U.S. computer equipment to Iran’s largest mobile-phone operator. As per internal documents from Huawei, two of…
In a statement, Advanced Micro Devices Inc and Hewlett Packard Enterprise Co stated, they had won a $600 million deal to deliver a supercomputer that will be used by the U.S. Department of Energy’s nuclear security arm to support the nation’s nuclear arsenal. The supercomputer, dubbed El Capitan, named after the famous rock face in…
Microsoft Corp has joined the growing bandwagon of U.S. companies asking employees to work from home so as to limit their exposure to China’s coronavirus. Microsoft has asked many of its employees in the Seattle region and in the San Francisco Bay Area to work from home until March 25. “Taking these measures will ensure…
In a blow to Apple Inc, the U.S. Supreme Court has ruled that Cupertino cannot avoid paying $440 million in damages for using VirnetX Inc’s patented internet security technology without permission. Apple uses VirnetX Inc’s technologies in its FaceTime video calling features. Supreme court justices rejected Apple’s appeal in the long-running case concurring with a…
According to sources familiar with financing of Elon Musk’s SpaceX, the company is looking to raise around $250 million, which could see its valuation touch $36 billion, reported CNBC. According to CNBC’s report, SpaceX plans on raising the amount at a price of $220 per share. The funding round is expected to close after the…
According to two sources familiar with the matter at hand, the Trump administration is mulling options, which includes changing U.S. regulations to allow it to block shipments of chips to Huawei Technologies from companies such as Taiwan’s TSMC, the world’s largest contract chipmaker. These are among the many proposal the U.S. Administration is looking at…
In a statement Twitter said, the official Twitter account of the Olympics and the International Olympic Committee’s (IOC) media Twitter account had been hacked and has been temporarily locked. Twitter’s statement also mentioned that these accounts were hacked through a third-party platform, without giving further details. “As soon as we were made aware of the…
According to sources familiar with the matter at hand, the U.S. government is weighing options which include stopping General Electric Co from continuing to supply engines for China’s passenger jet. The development will cast a shadow of uncertainty over China’s efforts to enter the civil aviation market. The potential restriction on the sale of plane…
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