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US Relaxes Ban On Huawei To Help Existing Customers Of The Chinese Firm

In order to minimize disruption for the current customers of the Chinese firm Huawei in the US and elsewhere,. The United States has temporarily eased trade restrictions on it. However the founder of the largest telecom equipment maker of the world said that the measure by the US meant little...

Toyota’s Tight Ropewalk Between US And China

Last month, two deals in China were announced by Japan’s Toyota Motor Corp and they were big in planning and strategy even though they were small in investment size, reported Reuters.     The Chinese state-owned BAIC Group’s Foton unit would be provided with fuel-cell technology for...

HP Consolidates Its Supercomputing Power By Acquiring Cray

Hewlett Packard Enterprise (HP) has announced that it has agreed to acquire Cray as HP looks opt consolidate its position in the supercomputing sphere.   It is worth mentioning that it was just weeks ago that Cray that it would be developing what can turn out to the fastest ever super...

Google Pressurized By Washington To Pull Out Abortion Ads By Anti-Abortion Clinics

There is pressure on tech giant Google from Washington to instantly remove online advertisements that make “fake medical clinics” which are so designed that mislead women who want to undergo an abortion.   In a letter sent to the chief executive of Google, Sundar Pichai, Carolyn Maloney, a...

Ban On Huawei Could Be Scaled Back By US To Serve Current Customers: Reuters

The restrictions on the Chinese tech company Huawei imposed because of the black listing of the company by the US Commerce Department earlier this week can be scaled back to an extent because the blacklisting can make it impossible for the company to service the existing customers.  ...

Japanese Investment In US Feels ‘Unwelcome’ Due To Trump’s Auto Tariff Threat, Says Toyota

The strategy of international trade war that is being followed by the administration of the United States President Donald Trump was a “major setback” for American consumers, opined Japan’s largest auto maker Toyota Motor. It also said that the moves also make the company feel that the investments...

Johnson & Johnson, Siemens, GE, Philips Being Probed By FBI In Brazilian Corruption Case: Reuters

According to claims made in a Reuters report, allegations of kickback payments related to a scheme of medical equipment sales in Brazil by corporate giants Johnson & Johnson, Siemens, General Electric and Philips is being investigated by the FBI.   The report claims, based on information...

Amazon Invests In British Food App Deliveroo, Rivals Uber Eats

Amazon is taking on Uber east globally through leading a $575 million fundraising and taking up a stake in the British online food delivery company Deliveroo as the race for gaining a dominant position in the market for takeaway meals heats up.   There were ripples through the sector over...

Pinterest Q1 Earnings Disappoints Investors, Stock S Fall 19%

The first ever earnings report delivered by the tech company Pinterest since its listing in the stock exchange in the United States delivered a blow to the tech market which had kicked off the year on bullish note. The stock price of the company had increased significantly in the last one month...

Software Update On Its 737 Max Aircrafts Is Complete, Says Boeing

The much expected software update for the 737 Max aircrafts has been completed by Boeing, the company announced on Thursday. The entire aviation industry had been expecting this upgrade following the grounding of all of the 737Max aircrafts throughout the world after two deadly crashes involving...

Trump Executive Order Blacklists Huawei

American telecom companies have now been banned from using telecom equipment form foreign companies that could be a threat to national security after the signing of an executive order by United States President Donald Trump even as the trade war between the US and China is escalating with new...

Walmart Considering Talking Is UK Arm Asda Public

After the anti competition regulators in the United Kingdom turned down an attempt for the combination of British supermarket arm Walmart, the world's biggest retailer – Asda, with rival Sainsbury's, last month, the US retailer now plans to take the British subsidiary public into the stock market,...
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