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Business Ties With FedEx Being Reviewed By Huawei After Package ‘Diversion’

Following the diversion of two parcels destined for the Asian address of the Chinese telecoms equipment maker Huawei to the United States and the attempted rerouting of two other parcels by FedEx Corp, the business relationship with the US based courier company was being reviewed by the Chinese...

World's Most Expensive Drug Would Be A $2.1m Novartis Gene Therapy

The one time treatment for spinal muscular atrophy gene therapy called Zolgensma, developed by the Swiss drugmaker Novartis and one that has been approved by the United States drugs authority, it priced at a record $2.125 million.   The treatment aimed for children under the age of two with...

Fiat Chrysler And Renault Set To Enter Into A Tie Up

According to reports quoting sources, a tie up between Renault SA and Fiat Chrysler Automobiles NV is set top take place early next week which would allow the Italian-American automaker to ultimately be included in the largest auto alliance of the world between Renault, and Japans’ Nissan and...

Business Ties With OxyContin Maker Purdue Cut By JP Morgan: Reuters

The alleged link of Purdue Pharma LP in the U.S. opioid crisis has forced JPMorgan Chase & Co to cut its banking ties with the company, claimed a report published by the Reuters. The OxyContin maker has now been forced to seek out partnership with the new bank for management of its cash and...

A Quarter Of Huawei Smartphones Could Vanish From Market Due To US Ban, Say Analysts

According to predictions by analysts, there is a possibility that about one fourth of the total number of smartphones of Chinese tech company Huawei would disappear from the international market because of the ban and restrictions imposed on it by the United States.    According to...

Following Moderate Start To 2019, Daimler Reviewing Its All Costs

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...

Huawei’s Loss Of Access To Android To Impact Its New Phones

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...

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.  ...
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