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Impact Of US Ban On Hauwei More Than Expected, Revenue Loss Of $30Billion: CEO

Facebook Unveils Details Of Its Cryptocurrency Libra Blockchain Launch

Reader's Pick

Meta Leadership Primer: Automated Website Deployment 05/28/2019

US Relaxes Ban On Huawei To Help Existing Customers Of The Chinese Firm 05/21/2019

Renault Shares Drop After Withdrawal Of Merger Offer By Fiat Chrysler 06/07/2019

Toyota Speeds Up Electrified Vehicle Schedule As Demand Heats Up 06/07/2019

Huawei’s Loss Of Access To Android To Impact Its New Phones 05/23/2019

Latest Business News
Impact Of US Ban On Hauwei More Than Expected, Revenue Loss Of $30Billion: CEO

Impact Of US Ban On Hauwei More Than Expected, Revenue Loss Of $30Billion: CEO

Companies

The ban by the United States government on China's Huawei Technologies Co Ltd has hit the company more than expected, said the company’s founder and CEO Ren Zhengfei. This has also forced the company to reduce its revenues expectations for the current year.   On multiple earlier occasions, Huawei has been reiterating that the ban by the US on it would not have any significant impact...
Facebook Unveils Details Of Its Cryptocurrency Libra Blockchain Launch

Facebook Unveils Details Of Its Cryptocurrency Libra Blockchain Launch

Companies

Facebook has finally announced the details of its much awaited crypto currency called Libra which can be used by Facebook users to purchase things or transfer money to people and play almost no fees for such services.   Users can buy or cash out Libra coins online or at a local exchange points such as at designated grocery stores. The coins can also be used for as money by making use of...
VW Hopes To Raise 1.9 Bln Euros By Floating 10% Of Its Truck Unit

VW Hopes To Raise 1.9 Bln Euros By Floating 10% Of Its Truck Unit

Companies

The German auto giant Volkswagen plans to put up for sale 10 per cent shares of its truck unit Traton at the stock exchange and hopes to generate up to 1.9 billion euros ($2.1 billion). Earlier the company had announced its intention of listing of up to a quarter of the business unit.   The public offering would be priced at 27-33 euros per share, said the company in a statement. According...
Bayer’s Attempt To Redeem Image, To Invest $5.6 Billion In Weedkiller R&D

Bayer’s Attempt To Redeem Image, To Invest $5.6 Billion In Weedkiller R&D

Companies

The claims litigations against it in the US over charges that its glyphosate pesticide causes cancer have dented the reputation of Germany’s Bayer and the company is now trying to mend some of that dented image by announcing an investment of 5 billion euros ($5.6 billion) towards research in weedkiller chemicals.   In the largest-ever US jury award over charges that glyphosate-based...
Apple Still Considering Acquiring Intel’s 5G Business For Building Its Own Modems: Reports

Apple Still Considering Acquiring Intel’s 5G Business For Building Its Own Modems: Reports

Companies

Apple has not given up on acquiring the Germany-based modem business of chip maker Intel and is still examining the possibilities, according to reports published recently in the media citing sources with knowledge of the matter.   Reports indicated that selling off pieces of its modem business has been reportedly considered by Intel. The heart of that business lies in Germany where...
US’s Verizon Asked To Pay Over $1 Billion For 230 Patents By Huawei: Reports

US’s Verizon Asked To Pay Over $1 Billion For 230 Patents By Huawei: Reports

Companies

Chinese tech firm and the largest telecom equipment maker of the world Huawei Technologies Co Ltd has asked a payment of more than $1 billion as licensing fees for using more than 230 of its patents form the United States mobile service provider Verizon Communications Inc according to reports quoting sources with knowledge of the issue.   According to a report published earlier in the Wall...
Amazon Is Shutting Down Its Restaurants Delivery Service

Amazon Is Shutting Down Its Restaurants Delivery Service

Companies

According top reports, the service for delivery of its products to restaurants, known as Amazon Restaurants, would be closed down by the largest e-commerce platform of the world in the United States market by the end of the current month.   Online news website GeekWire in its report on this issue quoted an Amazon spokesperson saying in a statement the “as of June 24th, we will discontinue...
Test Trials Of Uber Air Flying Taxi To Be Conducted In Melbourne

Test Trials Of Uber Air Flying Taxi To Be Conducted In Melbourne

Companies

Uber has chosen Melbourne to test its flying taxi service called Uber Air as a pilot project. The company plans to conduct the test flights next year while the company wants to commence commercial operations for the same from 2023.   The company portrays Uber Air to be an "urban aviation ride-sharing product" which it hopes would be able to reduce traffic congestion on roads of cities....
A ‘Dramatic’ Drop In Car Production Hits UK Economy Hard

A ‘Dramatic’ Drop In Car Production Hits UK Economy Hard

Markets

Official figures in the United Kingdom showed that there had been a "dramatic" drop in car production along with reduction of stockpiles by auto companies which resulted in a shrinking of the economy in April.    According to statistics from the Office for National Statistics (ONS) of the UK, there was a shrinking of 0.4 per cent month-on-month in the country’s economy for the month...
Walmart Will Deliver Food To Customer’s Fridge In The US

Walmart Will Deliver Food To Customer’s Fridge In The US

Companies

The largest retailer of the world Walmart would now deliver food directly into the fridges of customers under its new program that is being called InHome Delivery. Under this new service, the a representative of the retailer would place food products purchased directly in the fridge of its customers even if the customers are not at home.   Initially this service by the largest U.S. grocer,...

Meta Leadership Primer: Social Media Network Effects

Management

While social media networks started as a way to connect with old friends and meeting new ones, a lot has changed. Today, social media platforms are seen as one of the best marketing strategies for both big and small businesses.   With social media platforms in their mature stage, we see many businesses which have taken advantage of the opportunity to build communities of fans, raise brand...
Newer Huawei Phones Would Not Come With Preinstalled Facebook App: Reuters

Newer Huawei Phones Would Not Come With Preinstalled Facebook App: Reuters

Companies

Pre-installations of its app on Huawei smartphones would no longer be allowed by Facebook Inc. this is the latest blow to the Chinese etch giant and the second largest manufacturer of smartphones of the world in its efforts to keep its business afloat amidst the banning of the company by the United States from accessing technologies (software) and products of American companies.  ...

World

Cyberterrorism: the electronic banking system at risk

Cyberterrorism: the electronic banking system at risk
Once hailed for the increased financial security it would provide, the digital revolution is now showing its dark side, with a new and potent form of digital threat. Across the world, increases in...

New Draft Law In China For IP Right Protection & Banning Forced Tech Transfer

New Draft Law In China For IP Right Protection & Banning Forced Tech Transfer
China is set to address one of the key demands on trade by the United States – which was one of the reasons for the trade war, by accelerating a lawmaking process that would draft a new legislation...

Trade War Main Risk In Next 6 Months For Asian Businesses: New Survey

Trade War Main Risk In Next 6 Months For Asian Businesses: New Survey
A Thomson Reuters/INSEAD survey noted a very cautious optimism within Asian companies for the last quarter of the current year as they closely watch the outcome of the trade negotiations between the...

South Korea Trying To Insulate Itself From US-China Trade War

South Korea Trying To Insulate Itself From US-China Trade War
Despite the temporary 90 day truce, the ongoing trade war between the United States and China has created a sense of uneasiness and uncertainty among Asian nations.     South Korea is one...

Study Blames Global Warming For Vanishing Snow In Switzerland

Study Blames Global Warming For Vanishing Snow In Switzerland
According to a report from the University of Geneva which was based on a study that made use of a new tool called the Swiss Data Cube that global warming could probably be the reason for the...

People

Huawei Related Gov. Meeting Information Leak End In Sacking Of UK Defense Secretary

Huawei Related Gov. Meeting Information Leak End In Sacking Of UK Defense Secretary
Based on the findings of an incident of leak of information of issues discussed during a high-level government meeting over the issues of the Chinese telecom equipment manufacturer Huawei, the United...

Elon Musk And SEC In New Agreement About Discussion Of Tesla’s Finances

Elon Musk And SEC In New Agreement About Discussion Of Tesla’s Finances
An amended filing in U.S. District Court of the Southern District of New York shows that an agreement over his use of twitter has been reached between Tesla CEO Elon Musk and the Securities and...

Japan Prosecutors Arrest Carlos Ghosn Again

Japan Prosecutors Arrest Carlos Ghosn Again
It was less than a month that former Nissan chief Carlos Ghosn, who has been arrested again, had been granted bail. Ghosn was arrested from his home in Tokyo on early Thursday morning over fresh...

Saudis Hacked Phone Of Amazon CEO Bezos To Access Private Data

Saudis Hacked Phone Of Amazon CEO Bezos To Access Private Data
According to the claims of an investigator, the phone of Amazon chief executive Jeff Bezos, the richest man in the world, was hacked by Saudi Arabia to access some of the personal dtat of Bezos....

People With Depression Likely To Fall Into A Crippling Debt Issue: UK Study

People With Depression Likely To Fall Into A Crippling Debt Issue: UK Study
A recent analysis in the United Kingdom has suggested that those individuals who have a mental health condition are more likely to fall in a debt related problem three and a half time more than those...

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