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TikTok Owner ByteDance Plans For Global Expansion, Says Founder

ByteDance, owner of the wildly successful TikTok app, is now aiming to go global with expansion into fresh initiatives such as education, said the founder and owner of the company Zhang Yiming in a letter to the employees.   The plans were further revealed in an interview of Yiming with the...

Adidas And Puma Predict Huge Hit In China Sales Due To Coronavirus

Warning of a major disruption in sale in China because of the coronavirus outbreak was issued by the German sportswear makers Adidas and Puma. The companies however said that while there was some improvement in the conditions in the Chinese market, the business hit had spread to other markets with...

116 Mln Euros Fine For Telecom Italia For Abuse Of Its Broadband Market Dominant Position

The former phone monopoly in Italy - Telecom Italia, had used its dominant position in the broadband market by trying to cause obstructions to the entry of rivals in the industry and these charges were found to be true by the competition regulator of Italy. The Italian watchdog has slapped the...

Boeing Blamed For The Ethiopian Crash Involving The 737 Max Planes

The design of the Boeing 737 Max planes was primarily found responsible for the fatal crash of a plane of that model of the Ethiopian Airlines in March last year in an interim report compiled by  Ethiopian crash investigators, claimed reports citing sources.   Report also said that the...

Uber’s Drivers Are Its Employees, Rules A Top French Court

The United States based ride hailing company Uber has been dealt a severe blow by a top court in France that has recognized the company’s drivers as employees. Analysts say that this could completely upend the business model of the company as it might now need to expend more in by way of more...

Entire Platforms Could Be Eliminated At Daimler Due To Cost Cuts

Germany’s Luxury car maker Mercedes-Benz wants to build electric and self-driving cars and is therefore embarking on implementing a huge cost cutting plan to release available cash for investing the new age technology based vehicles. Markus Schaefer, a board member of Daimler said that this cost...

Warning Of Coronavirus Impact Issued By FedEx And UPS, JPMorgan Contingency Plans For Virus Outbreak

While the global coronavirus out break may have large impact on industries related to technology, air travel and the economy as a whole, there are some areas that may not be impacted as much as others such as product development.   According to analysts of the tech industry, it has been...

New Cars To Be Unveiled Online After Cancellation Of Geneva Auto Show Due To Virus Outbreak

After the announcement of the cancellation of the Geneva International Motor Show over fears of spreading of the deadly coronavirus, their hottest new cars are being launched online by BMW, Porsche and Bentley. The 11-day show was to begin on Thursday.   Unveiling of new products and...

Sale Rise For German Chemical Giant Bayer Last Year Despite Weed Killer Woes

Despite the legal battles over its weed killing pesticide and the resultant financial fall out of the issue right throughout 2019, Bayer AG reported a 3.5 per cent year on year growth for its adjusted group sales for the fiscal year 2019 at 43.5 billion euros or $47.6 billion.    ...

Coronavirus Fears Force Facebook To Cancel Its Annual Developer Conference

Fears over the coronavirus outbreak forced the social media giant Facebook to cancel its annual developer conference. This was announced by the company amid increasing concerns among investors over the overall economic impact of the outbreak which drove down global financial markets for the sixth...

Huawei To Set Up 5G Equipment Making Factory In France

With the aim of addressing worldwide concerns about accusations against it by the United States that its telecommunication equipment are used by Chinese authorities for spying on western countries, telecom equipment making giant Huawei is set to open its first European manufacturing unit in France,...

Apple Investor Measure Over App Takedown In China Get High Support In Annual Meeting

Apple Inc was compelled to respond to a proposal from a shareholder criticizing the company’s decision to remove its app from the Chinese market after the proposal got relatively high level of support from other shareholders during the annual general meeting of the iPhone maker on February 26, said...
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