Dissatisfaction about the profitability of German auto giant Daimler was expressed by the group’s outgoing chief executive as he informed that the luxury carmaker was reviewing its costs and expenses as it is also investing heavily in development of electric cars.   "Everything is under...

The latest handsets launched by the Chinese tech company Huawei has come under question because of the restrictions being imposed on the company’s access to the Android operating system by the United States administration.   It is being expected that the most of the future launches of...

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...

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...

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...

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...

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.  ...

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...

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 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...

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...