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US Urged By Huawei Chairman To Reconsider Restrictions Imposed On It

While claiming that its supply chain was being targeted and attacked by the United States, the Chinese telecom equipment and smartphone maker Huawei on Wednesday also called on the US president Donald Trump’s administration to reconsider the trade restrictions that it had imposed on the firm which...

Elon Musk Says Tesla’s Cheaper Battery 3 Years Away, Firm Loses $50B In Market Cap

United States listed electric car maker Tesla lost $50 billion of its market value on Tuesday with investors losing confidence despite company C EO Elon Musk pledging to radically cut down on costs of electric vehicle making possible a $25,000 car that drives itself but after at least three years....

Three Concepts For Hydrogen-Powered Plane Unveiled By Airbus

Three visual concepts of plane with "zero-emission" that will be powered by hydrogen was unveiled recently by Airbus.   This unveiling is being viewed as the latest effort of the European plane making giant to draw attention of the public towards its "zero-emission" ambitions in the wake of...

Major Cost Cutting Initiative Launched By Shell To Transition Into Renewable Energy Business: Reuters

In a major push to conserve cash so that a complete overhaul of the business is possible and greater focus is to be laid on renewable energy and power markets, up to 40 per cent off the cost of producing oil and gas is being targeted to be slashed by Royal Dutch Shell, claimed a report from the...

With Case Over Ban In US Court, Getting New US Users For WeChat To Be Tough, Says Tencent

Chinese tech giant Tencent Holdings Ltd, the owner and operator of the messaging app WeChat, has said that it could find it difficult to convince new users to join its platform in the United States while a challenge a ruling by court in the US in favor of the company that prevents a ban on the...

Shanghai Exchange Grants Permission To Jack Ma’s Ant For A Record Dual IPO

The Chinese financial technology firm Ant Group moved a step closer to making a dual listing as the company managed to get an approval from the Shanghai Stock Exchange for a domestic initial public offering. This as announced by the bourse said on Friday.   Analysts expect that the combined...

WeChat Rebranded By Chinese Owner Tencent Prior To Its Ban In US

Days prior to a ban of WeChat, owned by the Chinese tech giant Tencent, in the United States, the name of the messaging app WeChat Work office collaboration app has been changed to WeCom and it is being presented as a potential alternative to the messaging app WeChat.   According to the...

Virtual Fitness Service Aimed At Work-From-Home Consumers Rolled Out By Apple

In its latest expansion of its services business that has become the backbone of the company’s growth strategy, iPhone maker Apple rolled out its new virtual fitness service along with the a host of all its subscriptions, by the name of Apple One, as the company aims to target a holiday-season...

Amazon UK Unit Pays Just $8 Million In Corporation Tax Despite Sale Of $17.5 Billion

According to reports quoting accounts published on Wednesday, despite the group reporting more than $17.5 billion in sales in United Kingdom, Amazon.com Inc's main UK subsidiary, Amazon UK Services Ltd., paid corporation tax of just 6.3 million pounds or $8 million in 2019.   The underlying...

ByteDance Choose Partnership With Oracle Instead Of Selling Tiktok's US Biz: Reports

While shunning the idea of selling off the short video sharing app TikTok’s United States business, the app’s Chinese owner ByteDance has instead decided to try and create a partnership with Oracle that could potentially help it to avoid a ban in the US of the app as well as be able to meet the new...

No Compensation Likely For Canadian Telecom Providers If A Ban On Huawei Is Imposed: Reuters

If the Canadian federal government bans use of equipment manufactured by China’s Huawei from the country’s 5G networks major telecommunications providers might not be compensated by government agencies, according to a report published by the news agency Reuters. In such a situation the total loss...

Microsoft To Rival Sony With Launch Of Its New Cloud Gaming Service

Microsoft is set to launch a major streaming service aimed a casual gamers with the promise of cutting ties to the living room with the scheduled launch of its Xbox cloud gaming service on Tuesday. It is priced at $1 for new users' first month.   This is also a major push by the company to...
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