The largest smartphone maker of the world South Korea’s Samsung Electronics Co Ltd is facing a very stiff competition from domestic Chinese tech companies in the Mainland China market which has reduced its market share to a very small 1 per cent. This has forced the South Korean tech giant to...

Production of its smartphones is being stopped by China’s tech giant Huawei following the blacklisting of the company by the United States Commerce Department last month according to media reports quoting sources.   But such claims by the media have been denied by the second largest maker of...

Sale of its share that it held in the Chinese tech giant’s parent company Alibaba Group Holding Ltd by Japan's SoftBank Group Corp would potentially yield about 1.2 trillion yen or $11.12 billion in pre-tax profit, the Japanese company said in a on Monday.   The revenues generated from the...

Blockchain technology tracking system enables Carrefour to gain more customers’ trust. Carrefour SA is a French retailer which informed about its sales boost due to the usage of “blockchain ledger technology”. The said technology was used for tracking “meat, milk and fruit” transfer from the “farms...

The total market capitalization of four US IT corporations — Alphabet, Amazon, Apple and Facebook — sank by $ 182 billion after it became known that an antitrust investigation could be launched in the US. Thus, at over-the-counter trades, Alphabet shares dropped in price by about 7% to $ 1,027, the...

Fiat Chrysler is attempting to convince the French government to approve and back its proposal for merger with the French auto maker Renault in which the French government is a major shareholder and the company is contemplating giving Renault a special dividend and stronger job guarantees,...

SpaceX successfully launched 60 Starlink satellites into orbit and reported that in 2019 it raised more than $ 1 billion in funding. SpaceX is now valued at $ 33.3 billion, according to CNBC. Tesla shares fell to below $ 200, thuscollapsing by more than 40% this year. Tesla's market capitalization...

IATA hopes the regulators “align their timeframe” with the company’s expectations. The “International Air Transport Association”, in short IATA, expects to wait till August before taking the “Boeing Co 737 MAX” back to service, revealed the Head of the airline group on Wednesday, May 29, 2019....

Malaysia is attempting to prevent itself from becoming a dumping ground for rich nations and as a part of this effort, the country would be sending back non-recyclable plastic waste of about 3,000 metric tons (3,300 tons) from the country to countries such as the U.S., U.K., Canada and Australia,...