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Huawei To Ask For Clarification From New Zealand After Rejection Of Its 5FG Bid

Following the rejection of the telecommunication industry’s first request for using 5G mobile network planned to be supplied by the Chinese technology company Huawei Technologies Co Ltd in New Zealand by the country’s intelligence agency, the Chinese firm announced it would seek clarifications on...

Trump Threatens General Motors Of Stopping Federal Subsidies

Following the announcement by the largest car marker of the United States to cut thousands of jobs in North America and stopping production of slow selling models, US president Donald Trump issued a threat of cutting off all forms of federal subsidies to General Motors, amidst debate about his...

Cdiscount, the European Step Up Of The French Amazon’s Rival

Cdiscount, the Casino Group subsidiary which offers French shoppers an alternative to Amazon, has made some significant inroads into recapturing some of that market. According to Xsellco, a provider of platforms for e-platform companies, Cdiscount is the second most visited e-commerce store in...

White House Requested To Investigate ZTE Role In Venezuela By U.S. Senators: Reuters

The Trump administration has been asked by two U.S. senators to conduct an inquiry into alleged violation of US sanctions by the Chinese telecommunications company ZTE Corp had helped the setting up of a database for monitoring of the behavior of citizens in Venezuela.    According to a...

Daimler Will Begin Manufacture Of Electric Cars In China From 2019

Despite the demand for its luxury and conventional car models such as Mercedes-Benz Maybach in the Chinese market remains strong, German luxury car maker Daimler plans to begin manufacturing of electric cars in the Chinese market starting next year with the aim of coping up with the stringent anti...

GM To Stop Producing Some Models, Cut Jobs In North America

In what is the largest restructuring in the company in its North American unit of General Motors since it faced bankruptcy about a decade back, the US car manufacturer is set to reduce production, bring an end to making a number of its slow-selling models, and reduction of the workforce in the...

Goldman Sachs Sued Abu Dhabi Fund For Its Role In The 1MDB Scam

Banker Goldman Sachs is deeper into scrutiny for its alleged role in the 1MDB embezzlement scandal following the filing of a law suit against the bank by An Abu Dhabi sovereign wealth fund for losses related to the 1MBD scandal.   The investment bank was named as a defendant in a summons in...

Management Reorganization In Nokia With Focus On 5G Network Market

According to a communiqué by the Finnish firm and former global leader in mobile handset manufacturing, Nokia issue on Thursday, there is a major reshuffle going on thin the management of the company.   Thursday’s press communiqué by Nokia announced the leaving of the Finnish company by its...

Tesla Lowers Car Prices Exclusively For Chinese Consumers Despite Trade Tariffs

US based electric car maker Tesla is aiming to capture the Chinese market as has been evident from its most recent pricing strategy where the company announced on Thursday about a reduction in offer prices for its Model X and Model S cars for Chinese consumers. While the company is already facing a...

FedEx To Augment Its Fleet With 1000 Electric Vans

An addition of a 1000 new electric vehicles would be made in the huge fleet of FedEX in its strategy to accelerate its strategy of complete electrification of its fleet. The vehicles would be delivered by electric vehicle maker Chanje, announced the company on Tuesday.   The global...

France Wants Renault To Remove Carlos Ghosn As CEO

A day after he was arrested in Japan for alleged financial misconduct as the Chairmen of Nissan, the French government has urged the Renault, in which the French government has a take, to also remove Carlos Ghosn as the CEO of the car maker. However, the government also urged the car maker to...

Tesla Started Taking Orders For Its Model From Chinese Customers: Reports

According to media reports and indications on its website, Tesla has begun accepting orders for its Model 3 electric car from consumers in China.   Reuters was the first to report this development by the all electric car manufacturer of the US.    The information and the report...
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