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Following Boom Due Work From Home Measures, Best Buy Warns Of Slowing Sales In Q3

The rising risks of unemployment in the economy, slowing down of novel coronavirus pandemic related stimulus by government and the upending of the global supply chains because of the pandemic induced lockdowns could result in a slowdown in sales growth in the third quarter, warned Best Buy Co Inc....

US Units Honda Motor To Settle Takata Air Bags Provesin US For $85 Million

Japanese car manufacturer Honda Motor Co. will settle an investigation by most states of the United States into the use of defective Takata airbag inflators in its vehicles. According to reports citing a consent order made public Tuesday, several units of the Japnese firm will settle the cases for...

Vietnamese Tech Firm Sues TikTok Over Alleged Copyright Violation

Legal suits and court cases seem to become the norm in recent weeks for the Chinese owned short video sharing app TikTok.   It is now facing a new legal challenge in Vietnam with the Vietnamese technology firm VNG is suing TikTok alleging that the popular short-form video app did not possess...

Facebook Plans Legal Route Over Demand By Thai Government To Block A Group

Legal action is being planned against a demand by Thailand authorities that forced the largest social media company Facebook to block a group that was considered by the country’s authorities to be critical of the monarchy of the country, said Facebook.   "After careful review, Facebook has...

Amid Growing China Risks, Mexico Factories Being Planned By Foxconn And Other Asian Firms: Reuters

Global companies are reviewing their global supply chains following the continuing trade war between the United States and China trade war and coronavirus pandemic in China and according to a report published by the news agency Reuters quoting sources, shifting manufacturing units in Mexico is...

TikTok Confirms It Will File Legal Challenge Against Trump's Executive Order

The Chinese short video sharing app TikTok confirmed its decision to file a lawsuit against the executive order of United States President Donald Trump that bans transactions of American companies with the app as well as its Chinese parent ByteDance.   It is possible that the law suit could...

TikTok Preparing To Challenge Trump’s Ban Order In Court: Reuters

The Chinese owned short video sharing app TikTok is getting redy ot file a legal suit to challenge the executive order prohibiting transactions by United States President Donald Trump against it as well as it Chinese owner ByteDance, claimed a report published by the news agency Reuters. ...

'Fortnite' Maker Epic Games Wanted 'Side Letter' To Create Own Game Store, Says Apple

The maker of the popular video game 'Fortnite' – Epic Games, wanted 'side letter' to create own game store, alleged United States based tech giant Apple, which had removed the game from its app store last week for violating its rules. Epic Games has filed a law suit against Apple over the...

More Than 40% New China Launches In Next 5 Year Will Be EVs: GM

United States based auto manufacturing giant General Motors Co is planning on flooding the Chinese market with a large number of electric cars. The company said that it plans to offer more than 40 per cent of its new launches in the Chinese market to be comprising of electric vehicles (EVs) over...

Majority Stake In Online Pharmacy Netmeds Acquired By Reliance Following Amazon's Venture Into E-Medicine In India

Days after the largest e-commerce company of the world Amazon.com Inc launched an online drug sales service in India, Reliance Industries Ltd has announced that it has acquired a majority stake in the online pharmacy Netmeds in an all cash deal worth $83.08 million.   Through the deal, about...

New Data Centre In Singapore Opened By Zoom

A new data centre in Singapore has been opened by the now popular video conferencing app Zoom Video Communications. This is the first data centre of the company in Southeast Asia. This was announced by the company on Tuesday.   The number of users of the video conferencing services of Zoom...

Nokia-Daimler Patent Fees Fight: Finnish Firm Wins Second Case Against Daimler

The Finnish tech company Nokia won an important verdict against the German car maker Daimler over patent licensing fees as a German court on Tuesday said that the car maker had not made serious efforts to get the issue resolved with Nokia.   This legal battle between the two companies – a...
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