As per a Bloomberg report citing sources familiar with the matter at hand the U.S. Federal Trade Commission (FTC) has broadened its scrutiny of Amazon.com Inc beyond its retail operations and now includes its cloud-computing business as well. As per the report, U.S. antitrust enforcers have been asking software companies questions pertaining to Amazon Web…
United Airlines Holdings Inc announced it has placed an order for 50 A321XLR jets from Airbus SE which will fly between the U.S East Coast and Europe. With this United Airlines has become the latest U.S. airliner to purchase passenger jets from Airbus rather than Boeing. United Airlines aims to replace 53 Boeing 757-200 with…
In a development that underscores deepening legal troubles for Chinese video-sharing app TikTok, a California college student has filed a class-action lawsuit against it alleging that it has transferred private user data to servers in China. The allegations deepen legal troubles for TikTok, owned by Beijing ByteDance Technology Co, in the United States, and comes…
According to the results of a survey by a subsidiary of courier giant DHL, despite the U.S.-China trade war rolling onto its 16th month and continuing to disrupt well established supply chains, more than a quarter of multinational firms have yet to make contingency plans. The survey by DHL Resilience360, a supply chain risk management…
According to two sources, the U.S. government is likely to fine tune and expand laws that govern sale of U.S. technology and technological products to foreign companies, midst efforts to further tighten the blacklisting of China Huawei. In May 2019, the U.S. Commerce Department had placed Huawei Technologies on an Entity List citing national security…
Apollo Global Management, a private equity firm, stated it has raised its bid to take Tech Data, a U.S. information technology equipment distributor, private in a deal valued at around $6 billion. Excluding debt, the deal is valued at nearly $5.14 billion, up from a previous offer of $4.77 billion. Following Apollo Global Management’s new…
In a significant development, the United States has unveiled a procedure which is aimed at protecting its telecommunications networks as well as their supply chains, from national security threats. In May 2019, U.S. President Donald Trump had issued an executive order declaring a national emergency which bars U.S. companies from using telecommunications equipment made by…
In a statement, Tesla Inc’s Chief Executive Elon Musk said the carmaker has so far received around 150,000 orders for its Cybertruck. “146k Cybertruck orders so far, with 42% choosing dual, 41% tri & 17% single motor”, said Musk in a tweet. He went on to add, these orders came through without any advertising or…
Amazon.com Inc has filed a lawsuit in the U.S. Court of Federal Claims contesting the awarding of an up to $10 billion cloud computing contract to Microsoft Corp by the Pentagon. According to a spokesman for Amazon, the company has filed a complaint and supplemental motion for discovery under seal. “The Complaint and related filings…
On Thursday, Sanjay Mehrotra, the chief executive of American memory chipmaker Micron said, the company’s relationship with China’s Huawei ‘continues to be very good’. Mehrotra made these comments to broadcaster CNN on the sidelines of the Bloomberg New Economy Forum in Beijing.
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